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Spx500forecast

Bears running out of woods!! Market crash in 2021 predictionIn recent two years SPY formed huge megaphone chart pattern. Right now, price touching upper megaphone pattern line and there are huge selling days signalling market is topping. Macro economics indicators - retail sales, jobless claims showing some weakening clearly, in recent weeks. Stock valuations are skyrocket high. Economy will suffer in months ahead because it will be damaged by global lockdowns and surging virus cases in US and other countries and stimulus bill wil not fully cover these hits. So i see high probability of huge selloff next year, bigger than 2020 maybe.
AMEX:SPYShort
by Tomasgei
18
S&P 500 Reaches a Level of Resistance - Short TradeSPX500 - Short Position(s) Entries: $3,784.4 / 3826.8 TP & RR: $3,728.8 (3.29 / 4.12) Stop Loss Levels: $3,801.3 / $3,850.6 REASONS FOR THE TRADE I think it's time for the SPX500 to take a break from this bull run. As such, I am expecting that price will reach either of the two levels that I would like to short. The Risk:Reward Ratio is favorable and the Stop Loss is just above the invalidation levels. Now, you may be wondering why the SL of the first short is not placed higher, somewhere around the second order's SL. The problem is in the Risk:Rewards Ratio. If I am to do that, I will need to adjust my position size to account for the bigger gap between entry and SL. Also, the RRR of 3.29 will fall down to 0.84. So, even if I short from the first level and the setup proves to be valid, I will increase my capital by less than 1%, compared to over 3% if I keep the trade as it is. Even if the first setup is invalidated, and we open a profitable short on the second level, the profit of 4.12R will compensate for the 1R loss and we will be at a profit of 3.12R. Of course, it would be unpleasant to lose 1% of the account, but that's just how trading works. You either take the risk or you lose the chance. On a side note, since it's Monday, I am not placing those as limit orders, rather I have set alerts at the levels. When we reach them I will look at the volume, the 1h candle close, and will update the idea. We don't want to blindly place orders and hope for the best.
OANDA:SPX500USDShort
by Quant_
2
spx's options total volume, much safer to trade high volume Hey guys, nothing really solid here, jus a safer zone to trad than another. Both success rate for buy/sell are not that good at all. -------------------------------------------------------------------------- 8 signals low volume: ------------------------------------- 77 days before a crash 63 days before a top up swing @ a top going down 63 days before a top sideways 286 before a crash ------------------------ - 4 @ months before a top like months !!! - 3 false signals -1 @ a top ***Summary: 50% months before tops 10% @ top 40% false signals HIGH RISK HIGH RISK HIGH RISK ---------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------ 11 signals high volume: ---------------------- Going down bottom going down going down up siwng bottom up swing bottom bottom bottom up swing --------------------------------- 3 going down, 5 bottoms, 3 up swings -------------------------- Summary: - 45 % @ bottoms. - 27% up swings - 27% false signals -Trade high volume is safer. lower risk lower risk lower risk ----------------------------------------- trade above our High volume trigger line is much safer.
SP:SPX
by samitrading
S&P 500 Ascending Channel - Long SetupS&P 500 Ascending Channel - Long Position Entry: $3,795.3 TP & RR: $3,873.6 (3.26) Stop Loss: $3,771.3 REASONS FOR THE TRADE I believe the price will respect the lower trendline in this ascending channel and will continue trending up. Initially, we had the order at a lower level, but it seemed that we wouldn't get a fill, so we trialed it up. Needless to say, if the price breaks through it, I am expecting a fairly sharp drop and will be looking for a short position. The current entry is at a support level, which while being a bit conservative, gives us a good RR with the SL far enough and with enough room for the trade to breathe. If the price dives down or does something unexpected, we will close the order prematurely.
OANDA:SPX500USDLong
by Quant_
S&P 500 Channel - Long OrderSPX500 Long Position Entry: $3,772.9 TP & RR: $3,849.1 (2.92) Stop Loss: $3,746.8 REASONS FOR THE TRADE SPX500 has formed an ascending channel, so I am looking to open a long order at the lower trendline. In addition to bouncing off the trendline, I also want to see a divergence in the Market Flow indicator, which will signal a potential reversal. In any case, I will be carefully examining this level, because I will not be too surprised if the price breaks through it and makes a sharp drop. Stop Loss is relatively close here, but the entry is also fairly conservative. To get filled, the price should make a small drop and then gradually start going up. If it does touch the trendline above my entry I will examine the situation and might open a long there with a SL just under the lower trendline.
OANDA:SPX500USDLong
by Quant_
SPX500 Within a Channel - 2 Possible LongsSPX500 Long Setup Idea Entry Levels: 1) $3,785.7 2) $3,764.8 TP & RR: $3,870.7 (4.89 and 5.71) Stop Loss Levels: 1) $3,768.3 2) $3,746.1 REASONS FOR THE TRADE SPX500 may be due for a small correction and I want to catch the indicated level, which is a flip from resistance to support. I believe it should hold well, but what I am really looking for is a quick, clean wick to the entry or worst-case scenario a close and then a quick trend up. If the price closes under that level, then the trade will be invalidated and I will be looking to open the second long order with an even better Risk : Reward. I will also be looking at the Trend Volume RSI Analysis and what it prints in terms of trend and divergences.
OANDA:SPX500USDLong
by Quant_
SPX500 could DROP!Hey tradomaniacs, if you have traded my previous SPX-LONGTRADE you should consider to take profits. The market is testing a round number of 3.800 right at ten upper Trendline. The FOREX-MARKET is currently pricing in a risk-off-scenario with a rising DXY (US-DOLLAR) and falling AUD and NZD. We see a divergence in stocks and Forex which is never a good sign. KEEP IN MIND that we will get to see the Non-Farm-Payrolls tomorrow. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
OANDA:SPX500USDShort
by Trading2ez
5
SPX's Daily Purchase/Sale filing for directors/officers ***The legendary Fidelity Investments manager Peter Lynch once said, "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” this guys is just simply smart. ***Beautiful data presented here very useful for long investors . Simple strategy, with every consideration you would usually take , just buy after these guys start buying : -) . ***No success rate here, just extremes reading here that's all *** I wish Tradingview would add this to their indicators. ------------------------------------------- ***Trigger line to start watching for, for buying, is reading above 300: ----------------------------------------- Date Reading Mar, 16 2020 465 Aug, 10 2011 357 Mar, 10 2009 356 Dec, 1 2008 302 Nov, 28 2008 606 Oct, 14 2008 306 Nov, 13 2007 307 Nov, 20 2007 329 Aug, 6 2007 303 ----------------------------------------------------------------- ***Trigger line to start watching for, for buying, reading between 200-300 : ------------------------------------------------ March 2, 2020 207 Dec, 11-26 2018 204*217* 229*220*226 Nov, 21 2018 215 Nov, 13 2018 250 Nov, 14 2016 217 Nov, 12 2015 202 Aug, 24 2015 239 Nov, 13 2012 220 Nov 12, 2009 204 Aug, 17 2007 295 May 11, 2004 212 May, 4 2004 216 ---------------------------------------------------- ***Selling reading above 400 are reflected here Red Arrows
SP:SPX
by samitrading
5
S&P 500 Index Long SetupSPX500 LONG SETUP IDEA Entry: $3,715.9 Stop Loss: $3,680.5 TP Levels and RR: $3,784.4 (1.94) REASONS FOR THE TRADE I know that I am posting this with a bit of hindsight, but by the time I opened my order and came back to do the analysis the price has already gone up. Anyway, I am posting this in case there's a small retracement and you decide to jump on board. The indicator Trend Volume RSI Analysis shows a clear divergence in the volume and you can also see the buying and selling distribution in the Multi Time Frame Effective Volume Profile below. I have also applied a Fib Retracement to this ascending triangle, which indicates that the take profit should occur somewhere near the potential resistance. The SL level is put at a level far enough from the trend line. You can be slightly more aggressive here and move the SL up, which would significantly improve your RR Ratio. Generally speaking, breaking down this trendline would invalidate the setup, so if you have taken that particular trade you may close your position before hitting the SL.
OANDA:SPX500USDLong
by Quant_
SPX'S Weekly Japanese candlestick signals since inception 1957 Hey Traders , what's up. From me to Humanity . I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on weekly candles !!! " . Also, some weekly candles could be treated as extinct data suggesting that !!! what's up with that!!! no Golden rule for these candles. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1/ Bullish weekly candles :- Weekly Bullish Happened success rate Max profit Max cost Risk/reward starting date. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------+ ***Engulfing 28 60% 50% 43% D 1953 ***Hammer 21 77% 102% 4.55% C+ 1952 ***Inverted Hammer 11 45% 8% 4% F 1953 ***Marubozu White 65 84% 40% 33% B - 1982 ***Long Lower Shadow 78 70% 68% 40% C- 1963 ***Rising Window 26 85% 165% 5% B 1971 ***Spining Top White 59 61% 40 % 31% F 1979 ***Dragonfly Doji 8 37% 4% 9 F 1951 ***Upside Tasuki Gap 6 40% comes and goes !!! ***Tweezer Bottom 11 43% Disappeared since 2007 ***Doji Star 3 33% Disappeared since 1982 !!!! ***Dragon Doji 2 50% -------------------------------------------------------- Spining Top White 59 times : since 1979 --------------------------------------------------- Profit Lost z 4 11 z 2 4 z 13 3 z 3 31 4 17 7 z 31 3 5 21 2 2 4 z 4 2 1 z 2 2 z 1 z 5 7 14 7 11 z 10 18 21 1 z 2 3 z 7 7 3 z 4 z 3 1 z 2 z 5 2 34 9 5 z 4 25 z 2 13 z 3 15 z 7 z 4 z 18 40 z 4 12 -------------------------------------- Dragonfly Doji 8 times : since 1951 -------------------------------------------- profit lost z 2.55 4.85 z 2.42 z 9.09 z 1.60 4.89 3.50 z 3.37 ------------------------------ 37% success rate ------------------------------------------- Hammer 21 times : since 1952 --------------------------------------------------------- Profit lost 8.46 4.39 8 z 6.46 8 6 66 70 4 4 4 z 1.86 z 4.55 3.27 z 9.02 4.83 3.04 102 2.59 z .91 10.99 ------------------------------------ success rate 77% -------------------------------------------- Inverted Hammer 11 times : since 1953 ------------------------------------------------------------ Profit lost 4.56 z 7.95 z 2.97 z 4.43 z 4.72 z 2.54 z 6 8.14 3.27 1.69 1.90 ----------------------------------------------------------- success rate 45% -------------------------------------------------------------- Marubozu White 65 times : since 195 ---------------------------------------------------- Profit Lost zero 33.98 zero 14.86 zer 11.91 4.56 9.75 2.16 6.25 2.06 z 14.92 8.55 4.76 1.81 19.11 5.60 1 2.55 7 z 8.88 1.61 2.84 12.43 2.64 5.44 4.77 12.32 1.81 1.25 1.93 31.87 z 30.37 3.87 12.84 4.49 z 7.68 2.13 5.79 26.66 4.31 17.15 z 6.44 2.39 33.20 9.71 11.63 7.47 15.27 3 4.75 4.66 17.26 z 6.63 z 4 1.59 3.58 8.66 3.56 5.71 5 30.40 1 2.76 8.27 7.64 8.84 40.67 50s million signal -------------------------------------------------- 84 % success rate ---------------------------------------------------------- Long Lower shadow 78 times : Since 1966 --------------------------------------------------- profit lost 32 8 18 10 11 13 z 3.99 16.11 z 16 z 4 z 3 2.79 z 1.85 15 3 6 2 3 z 10 z 5 14 4 z 5 10 6 z 40 6 2 24 z 1 z 1 2 z 6 z 7 6 13 z 21 z 34 5 z 4 z 9 12 5 15 33 13 4 2 2 4 6 16 z 12 z 34 18 2 13 3 3 z 5 6 65 27 4 26 z 26 9 7 13 4 20 z 11 z 4 2 z 3 25 22 21 ---------------------------- success rate 70% ------------------------------------------------------------ Rising Window 26 times; since 1971 --------------------------------------------------------- Profit Lost 5 2 7 5 2 1 3 z 3 12 2 4 1 1 10 1 z 3 1 19 4 165 z 5 z 1 80 3 21 4 --------------------------------- success rate 85% ------------------------------------- Engulfing 28 times : since 1953 ----------------------------------------------------- profit lost 33 z 6.76 z 19.4 z 23.69 12.18 z z 43.96 5.29 6.12 50.13 4 z 7 21.47 1 1 z 5.44 z 3.29 4.94 z 34.05 6.15 5.15 z 23.41 7.19 21.27 19.57 z 17.18 3.82 2.12 z 9.66 ---------------------- 60 % success rate -------------------------------------------------------------- 2/ Bearish weekly candles : - weekly Bearish Happened success rate Max Profit Max opportunity cost Risk/Reward starting date ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ***Engulfing 67 68 % 55% 28% D+ 1956 *** Hanging Man 30 50% 7% 28% F 1957 ***Shooting Star 23 47% 19% 63% F 1950s ***Long Upper Shadow 58 36% 46 % 95% F 1957 *** Doji Star 11 37% 13% 27% F 1952 ***Dark Cloud Cover 13 77% 55% 11% C + 1955 ****Tweezer Top 34 44% 18% 31% F 1954 *** Marubozu Blace 46 58 % 39% 48% F 1956 ***Spining Top 77 35% 48% 35% F 1963 ***Falling Window 23 47% 25% 78 % F 1953 ***Harami 4 times 75 success rate. ***Downside Tasuki Gap Extinct 1957. ****Evening star once in 70 Years. ***Gravestone Doji once in 60 years. *********************************************************************************************************** Long Upper Shadow 58 times : 1957 ----------------------------------------------------------- Profit lost z 32.84 z 10.14 z 3.79 4.40 z 14.79 2.4211 33.02 5.88 z 25.74 8.74 z 7.02 z 8.71 z 5.13 z 2.36 z 14.33 z 9.58 1.76 z 6.25 z 12.99 11.97 z z 8.74 z 1.78 z 14.58 3.74 3.74 z 5.72 z 95.94 3.98 3.80 z 3.52 1.92 4.54 z 4.29 9.49 z 4.23 z 22.70 z 4.51 z 12.29 7.95 z z 10.31 z 32.59 z 53.98 3.48 z z 10.72 z 3.88 z 6.80 46.87 z 3.28 z 8.86 5.28 z 4.45 z 2.60 z 26.37 4.7 z 3.22 19.47 z z 7.87 --------------------------------------------- 37 % success rate Marubozu Black 46 times : since 1956. ---------------------------------------------- Profit lost 10.81 z z 13.69 8.23 5.82 z 3.44 z 3.59 z 6.52 z 48 z 22.48 5.66 22.20 39.28 5.51 z 33 11.31 28.61 z 14.55 z 24.54 z 7.86 5.37 z 10.48 z 4.04 z 28.83 2.65 3.95 3.58 1.43 1.55 z 3.03 z 11.45 1.30 3.83 z 6.12 2.33 2.02 1.11 2.00 8 1.95 3.19 .077 z 8.58 z 15.88 4.37 8.36 z 4.20 -------------------------------------------------- 58 % success rate. ------------------------------------------------------ Doji Star Bearish 11 times : since 1952 ----------------------------------------------- profite lost zero 4.99 z 4.79 z 4.98 3.17 z 14.94 5.12 13.33 z 3.20 z 27.14 14.33 z 4.72 -------------------------------------- success rate 37 % ---------------------------- Spinning Top Black 77 times : since 1963. ----------------------------------------- profit lost 7.17 z 4.46 z 1.69 z 8.07 z 7.06 z 30.32 z 13.68 z 3.32 9.79 z 4.66 19.39 z 15.47 z 14.17 z 3.94 z 2.65 z 3.7 z 2.82 z z 4.14 1.75 6.49 z 10.14 2.78 3.27 7.81 2.45 z 3.29 22.29 z 26 z 30.35 z 34.07 z 2.86 z 17.74 z 30.71 z 19.36 z 35.35 z 2.33 11.65 z 4.74 3.34 z 15.59 2.79 z 4 z 5.17 z 24.81 z 2.27 7.74 z 4.34 6.97 z 9.32 z 20.40 z 2.59 z 5.50 z 14.24 9.92 11.17 13.33 z 8.9 13.55 48.82 z 3.07 4.91 9.70 z 27.97 36.37 z 5 2.90 z 2.54 z 20.69 z 9.08 z 7.76 z 2.07 z 5.37 z 2.34 4.08 3.81 ------------------------------------ 35 % success rate ----------------------------------------------------------------------------------------------------------------- Dark Cloud Cover 13 times: since 1955? ****************************************************** profit lost 6.10 19.62 7.60 55.83 4.7 2.22 5.63 zero 9.24 zero 8.19 3.19 zero 11.98 2.12 13.54 ------------ 77% success ------------------------------------------------------------------------------------------------------------ Tweezer Top 34 times : since 1954 -------------------------------------------- profit lost z 25.15 z 31.33 z 3.10 z 3.58 z 14.29 z 10.19 10.66 1.56 z 3.38 z 10.31 5.57 1.70 z 4.57 z 5.54 z 37.93 3.61 z 77.84 z 2.12 5.37 3.60 2.22 2.69 2.85 18.56 z 25.53 z 9.25 z 4.82 3.78 3.30 z 2.39 5.23 5.81 z 11.94 z 27.41 --------------------------- 44% success rate ******************************************************************************************** Engulfing 67 times : since 1956 Big problem is that small dips then big bull markets, need re examination. ------------------------------------- profit lost 4.94 z z 4.11 .84 z z 11 2 .41 z 30.21 2.65 z 4.31 55.15 z z 6.43 2.30 1.89 1.84 8.08 6.54 z 9.15 9.38 4.31 3.10 z 17.16 7.84 z 6.21 z 14.37 z 3.06 z 2.02 2.94 3.34 z 4.07 2.09 2.17 1.97 2.45 z 9.94 z 19.18 1.89 1.09 4.45 2.97 6.61 z 4.18 1.93 3.18 z 5.45 5.57 1.90 z 4.09 11.97 z 6.69 z 15.62 46.26 3.52 4.65 8.64 6.36 34.58 8.94 6.16 20.64 9.04 z 4.23 2.64 28.67 2.81 7.90 z 28.15 19.76 --------------------------------------------- success rate 68 % ------------------------------------------------------------------------------------------------- Shooting Star 23 times : Since 195! --------------------------------------- profit lost zero 7.02 2.25 9.92 z 2.36 z 4.14 z 9.18 z 6.99 2.68 z 7.77 z 63.24 z 3.52 4.45 z z 4.81 7.36 z 4.48 z 1.61 z 7.06 3.11 z 2.56 z 26.56 19.68 11.34 2.40 ---------------------------- 47 success rate ------------------------------------------------------------------------- Falling Window 23 times : since 1953 come together, or during falling markets. --------------------------------------------------- Profit Lost 18.97 5.65 z 78 25.85 z z 60 17.63 6.92 2.83 z 3.39 z 6.12 z 6.66 z 4.63 z 1.66 z 46 1.74 z 7.55 4.80 12.43 5.01 1.62 z 116 z 2.81 z 4.47 ------------------- 47 % success rate ------------------------------------------------------------- Hanging Man 30 times : since 1957 1/ 50s was the play ground for this candle !!! 2/ sam old sam small dip then boom !!! 1996 it is a a hammer !!!not a Hang.Man --------------------------------------------------- Profit lost z 2.64 4.11 z 1.71 z 6.84 2.23 z 8.80 4.21 7.63 3.02 z 7.84 z 28.59 z 4.46 z 5.15 z 6.84 z 16.68 6.28 z 1.87 2.28 z .87 !!!!crash z 5.63 3.29 2.30 6.91 z 6.38 z 2.27 3.74 z 7.60 2.02 1.50 1.12 --------------------------------------------------- 50 % success rate
SP:SPX
by samitrading
6
SPX500 and a NICE BUY-CHANCE!Hey tradomaniacs, SPX500 could move up 👉 Todays sell-off pushed price down into a price-zone with possible bullish confluence. Primary Trendline pls horizontal support-zone can be a very attractive zone for buyers as soon as we see a confirmed rejection. In terms of correlations a perfect match with the GAP-CLOSE of DXY (US-DOLLAR). LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
OANDA:SPX500USDLong
by Trading2ez
6
SPX"s Japanese candlestick trading signals since inception 1957Hey Traders , what's up. I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of tradingview with anyone even with out mentioning the source. from me to humanity whom are trading SPX : - ). Moreover, If anything that this data is telling us in a very short English terms "Do not chase tops on monthly candles !!! " . Also, some monthly candles could be treated as bullish data suggesting that !!! what's up with that!!! no Golden rule for these candles. wish you all the best. ----------------------------------------------------------------- 1/ Bearish Spinning Top Black 21 times : since Dec, 1961 Just looks like Evening star !!! Reds i'll treat them like bearish signals just for the record : - ) -------------------------------------------------------- profit Opportunity cost zero 300% 54 zero 6.40 zero zero 340 % 17.33 zero zero 17.18 zero 7.95 zero 34.49 % zero 19.98% 22.11 zero 10.31 zero zero 5.56% 3.61 zero 37.19 zero zero 8.21 9.48 zero zero 4.92 8.70 zero zero 28.87% 28.23 zero *********************************************************************************** Long Upper Shadow 15 times: since Nov, 1950 --------------------------------------------------------- Profit Opportunity Cost 31.80 zero zero 16.10 zero 6.28 zero 4.8 Zero 23.55 Zero 145 Zero 69.85 21.39 zero 28.49 zero 2.97 zero zero 22.31 zero 9.51 3.70 zero 2.30 zero zero 11.62 *********************************************************************** Hanging Man 8 times: Since Nov, 1951 ------------------------------------------------------- Profit Opportunity Cost 18.62 Zero 2.11 Zero Zero 3.83 Zero 6.29 Zero 12.98 Zero 17.11 Zero 49.01 Zero 16.22 ********************************************************************** Engulfing 15 signals: since Feb, 1952 -------------------------------------------- Profit Opportunity Cost Zero 23.33% Zero 17.77 13.47 zero 11.46 zero zero 13.36 4 zero zero 57 zero 27.77 zero 81.35 Zero 124.44 6.06 zero 20.76 Zero Zero 12.67 5.95 Zero Zero 14.01 ************************************************************* Marubozu Black 5 times ! : Since Apr, 1952 -------------------------------------------- profite opportunity cost zero 23.31 zero 62.06 8.11 zero zero 112 zero 15% ************************************************************ Tweezer Top 13 times : since April, 1956 ---------------------------------------------------- Profit Opportunity cost 12.36 zero 4.25 zero 3.81 zero zero 60.73 zero 34.73 zero 7.47 4.16 zero zero 14.45 zero 47.07 9.41 zero 15.14 zero 7.04 zero 12.38 zero ************************************************************* ******************************************************************************************************************************** 2/Bullish. Long Lower Shadow-Bull 27 times : since Jul,1950 ----------------------------------------------------- Profit Cost 37.20 8.53 8.28 49.59 3.38 22.42 20.42 zero 46.23 273.66 37.93 60.27 zero 8.84 40.87 zero zero 36.73 zero 33.39 3.72 19.43 3.83 6.62 6.29 14.01 4.61 25.32 18.08 2.53 8.62 44.87 ****************************************************** Marubozu White -Bull 26 times : Since Sep, 1950 -------------------------------------------------------- profit cost zero 4.60 21.45 12.15 71.55 36.09 2.3 4.15 46.07 19.25 5.86 9.08 4.01 21.27 3.85 zero 14.17 11.21 3.25 11.88 5.79 8.35 3.90 2.36 zero 4.92 3.74 2.45 3.36 ************************************************************ Spinning Top White19 times : since March 1950 Just looks like Evening star !!! Whites i'll treat them like Bullish signals just for the record : - ) --------------------------------------------------------- Profit opportunity cost zero 19% 14.20 zero 86.64 zero 29.22 zero 44.90 zero zero 31.81 8.06 zero zero 9.45 6.35 zero 17.18 zero 24.60 zero zero 4.01 10.78 zero zero 3.35 12.22 zero zero 4.94 zero 4.94 47.61 zero 13.65 zero -------------------------------------------- Summery: 63% bullish *********************************************************************************** Rising Window 21 times: Since May, 1950 -------------------------------------------------------- Profit Cost 2.51 8.04 11.22 6.11 1.85 zero 3.90 zero 8.29 12.83 13.72 26.85 3.85 3.85 zero 9.03 6.25 54.19 3.62 zero 4.28 zero 3.50 zero 11.18 ******************************************* Long Lower Shadow-Bull is actually a Doji 52-53-54- Or inverted hammer 63-86-88!!!! I might be wrong or tradingview is wrong or something else is wrong!!! **************************************************
SP:SPX
by samitrading
2
SPX 500 nosedive in the new year The stock market has been gunning for all-time highs despite the horrible economic news going around. Based on stimulus hopes and mass euphoria of the market reaching highs, with help from the fed, investors have just been buying at the highs and pushing it higher. However, I think all of that is quickly coming to an end. The market has been pushing higher with no real fundamentals to back it up and there is a lot of negative news looming over these markets. The new Covid-19 strain is quickly spreading throughout the U.S. now so there may be fear of new lockdowns, and Trump signed an executive order for the NYSE to delist some of the biggest Chinese telecom companies in the market. All of this news may trigger some major fears among investors to start taking massive profits and the market will definitely see a huge selloff because of that. Price action also tells the story of the nosedive. As you can see, the S&P has been moving in an ascending channel with a false breakout below on December 21st, which already indicates selling pressure. The market also closed the new year at the zone of resistance formed around 3758 and 3763. The market is showing significant rejection at that level, especially on the 1 hour time frame. You can also see a double top formation and this is further indication of a reversal. Many have been pointing to a glaring bearish RSI divergence forming and they are spot on with that analysis. The market should be seeing a huge correction and if it breaks past the strong support zone around 3641 and 3645 we could see the market bleed all the way to the 3500 levels. I'm currently in a sell position and I'll be targeting 3608. There are a lot of gaps to fill in this market and I believe they will be filled in the coming week.
OANDA:SPX500USDShort
by StealPipsSal
10