SPX500 could MOVE UP soon!#UpdateHey tradomaniacs,
SPX500 aswell as other Indicies had a rough start into the day and we finally see some healthy retracements❗️
Looking at SPX500 you can see that price is re-testing a very interesting zone of a potential reversal 👉
Considering how weak the Forexmarket reacts to the global sell-off I really doubt that we are going to see a continuation of the current move, unless fundamentals by Powell will cause more uncertainy.
If SPX500 moves up from here we might see trend-continuations in the Forexmarket and strong pumps.
Let`s see what the Wallstreet is going to do.👌
Spx500forecast
S&P 500 Long PositionS&P 500 Long Position
🔵 Entry: $3,886.0
🟢 TP & RR: $3,929.1 (2.44)
⛔ Stop Loss: $3,868.3
REASONS FOR THE TRADE
✔️ Market Flow Green
✔️ Higher low on lower time frame
📝 I am expecting a small retracement upwards before price continues to go down. The second order I am looking to open is for a short at the $3,914.0 level.
SPX500 could move UP! Hey tradomaniacs,
Looking at SPX500 we can see a good rally after the expected fakeout#5 from yesterday 👉
As you can see we are currently re-testing the previous trendline of the entire weird and volatile correction.
If this level holds market could continue with its previous breakout and start a new rally!
If not.. SHORT IT ;-D
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
S&P500 Long SetupSPX500 Long Setup
🔵 Entry: $3,911.9
🟢 TP & RR: $3,954.0 (2.48)
⛔ Stop Loss: $3,894.9
REASONS FOR THE TRADE
✔️ Market Flow Indicator went green
✔️ Trade in direction of the trend
📝 Not much to analyse here aside that it's a trade based on my system. With that being said the price may drop down to the support level, where I will be looking to open a long order again.
S&P500 Long SetupSPX500 Long Setup
🔵 Entry: $3,868.7
🟢 TP & RR: $3,3936.1 (3.05)
⛔ Stop Loss: $3,846.6
REASONS FOR THE TRADE
✔️ Resistance turned into Support
✔️ Market Flow Indicator Oversold
📝 Stop Loss is a bit close, so feel free to adjust it. If we break down from that level I will be looking to open a short order.
S&P 500 Short SetupS&P 500 Short Setup
Entry: $3,864.4
TP & RR: $3,750.7 (2.22)
Stop Loss: $3,915.7
REASONS FOR THE TRADE
Not much to discuss here, aside from the fact that we are looking to open a short position at an established resistance level. This is one of those trades that it's just too obvious, so I believe a lot of traders will be stacking orders there. When/If our position gets filled, we will be monitoring it and if volume continues to increase or we pierce that level convincingly, we may close the trade prematurely and potentially open a long trade.
SPX500 could MOVE UP again!Hey tradomaniacs,
SPX500 is re-testing a significant resistance-zone👉
A move above price-zone 3750 - 3760 could cause more bullish momentum as the previous move would turn out to be a fake.
Trend-Fan and strong-support-zone were holding showing a strong demand with high volatility, which is often a sign of reversal.
Watchout for potential volatility as reddet-group wallstreebets continues to push SILVER and stocks like TAAT.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
Massive Breakdown in markets?1) BEARISH: Our INDICATOR (green/red) is getting the first bearish signal.
2) BEARISH: On the Weekly, Montly and even Yearly we see a massive bearish divergence in RSI.
3) BEARISH: The WEEKLY MACD has as almost a bear cross.
4) BEARISH: Corona is getting worse, the stocks are only up en everybody is getting more money in stocks?
5) BEARISH: Only the FED is pumping money but for how long
6) BEARISH: DXY (Dollar) looks for a trend reversal for a couple of weeks now (DXY is bullish)
Companies are closed and we didn't get the first bankruptcies. But I think we will see a Massive Breakdown in this market.
I like to trade, but I don't like to gamble on a world wide pandemic while stocks are a ATH (all time high)
Let's see if we getting in the green again. But I don't think we go up for a while now..
Please share your vision below!
SPX500 quick intraday short for tomorrowHi Traders,
This is our view on this cross for the next days.
#SPX500
SELL 3834
SL 3848
TP 3820
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Eventually, any updates will be given in the comment section below
———————————
Trading Kitchen
S&P 500 Ascending Channel - Short SetupSPX500 Short Trade
Entry: $3,866.6
TP & RR: $3,840.5 (1.13)
Stop Loss: $3,889.7
REASONS FOR THE TRADE
Straight off the bat, you notice two things here - ascending channel and opening a position against the trend with what I consider a bad Risk:Reward Ratio of just over 1. However, I believe that price can form a double top with bearish divergence, retrace back to the lower trendline and then continue up. Of course, we will be looking to open a long order somewhere at the lower trendline.
Stop Loss is set pretty high in case there's a fakeout. However, we will close the position if there's a convincing close above the recent high.
SPX500 could move UP now!Hey tradomaniacs,
SPX500 is currently re-testing the previous expanding triangle and could finish its retest soon.
Next impulse if confirmed could give us a great opportunity to buy this ridicoules rally.
We also use this corelation for our FX-Trading:
"Market is shaky as expected but not concerning to me as long as the FX-markets reaction is so weak to the current risk-off-mood.
Mondays are usually very bullish during the US-Session and SPX500 is currently in a retest-phase of the previous breakout 👉
DXY (US-DOLLAR-INDEX) is obviously gaining some strenght in a falling Stockmarket, but it all looks like a correction. US-DOLLAR is by the way very choppy today!"
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
S&P 500 Exhaustion - Sell OrderSPX500 Short Position
Entry: $3,865.0
TP & RR: $3,828.3 (1.95)
Stop Loss: $3,883.8
REASONS FOR THE TRADE
Clear divergence in the Market Flow indicator and we are reaching a trendline, which I believe will act as resistance. SL is set well above it, so we give the trade some space to breathe and hopefully develop as we expect. Target is set at the previously established resistance, which should now act as support.
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.
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.
S&P 500 FUTURES 1D-TIMEFRAME ANALYSIS✨S&P 500 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for the SPX500
My idea is that the index will go higher
T1
4500
I hope my idea is clear
Support me by like and share
Stay Safe💯
Good luck💰
SPX500 close to LongHi Traders,
This is our view on this cross for the next days.
#SPX500
BUY 3775
SL 3755
TP 3845
We remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if the rules of our strategy are strictly respected.
Any updates will be given in the comment section below.
Stocks Above 150d MA Reflected on an SPX's chart, Bad for Bears!1/NYSE Stocks Above 150d Average Index "MMOF" Reflected here on SPX.
2/This is a confirmation that these high readings happen at the beginning of new grand cycles !!!
3/Between lines no big corrections Just 9% pullback, let see with covid-19 what happen !!!
SPX's Percentage Above 200 Day Averages, suggesting a new cycleIf you still have doubts that we are starting a new cycle from march low. Then , check my Elliott wave counts and SPX's Deviation they are also
suggesting with higher probability a new cycle. That's been said, we will get 30 % corrections here and there and even more during this cycle, as we go up and
percentages would be much easier to get and accepted for different reasons.
wish you all the best.
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.
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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.
S&P 500 Long PositionS&P 500 Long Trade
Entry: $3,807.4
TP & RR: $3,871.4 (2.29)
Stop Loss: $3,779.5
REASONS FOR THE TRADE
Building upon yesterday's SPX500 trade on which we got stopped out, I am once again trying to catch a bounce up from the lower trendline in a channel.
This time the SL is set much lower and I am not a big fan of having such a wide distance, but I don't want to get stopped again.