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Spx500forecast

SPX500 and ANOTHER DIP before it goes UP!Hey tradomaniacs, SPX500 is testing a very great zone to sell as we might see lots of bearish confluence here. Orderbook still showing bulls to protect the previous buy-zone but now we see more sell-stackings incoming. We might see another dip down before it actually goes up again. I still trade SPX500 with my hedge-strategy and use these chances to stack shorts before I go long again if we get confirmation for this idea. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USDShort
by Trading2ez
28
S&P falling in a accelerated phaseS&P ---------------------------------------------------------------------------------------------------- Good day friends Hope you all like our analysis do follow our profile so that you can get every new updates and trade related tips and ideas ---------------------------------------------------------------------------------------------------- The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel The index value also falls below the 03 Moving averages and the potential target would be around 3100.00 ---------------------------------------------------------------------------------------------------- Kindly share your ideas and thoughts in below comments section
TVC:SPXShort
by forexorbit
SPX500 and its FAKE-SELL-OFF?!Hey tradomaniacs, in the chart I show you some points why I doubt in a sell-off right now as it is expiration-day and the volatility is generally very high. There are so more points I don`t need to note as they need more explanation but these points are enough for me to stack more longs. In case of a drop I just hedge positions. :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USDLong
by Trading2ez
14
SPX500 STACKING long PositionsHey tradomaniacs, SPX500 looks very bullish to me as the previous fakeouts have created a double-bottom-pattern. These fakeouts were the perfect moves to washout these massive crows of robin-hood-traders. The current option-market is full of these retailers who are taking the liquidity for the big players. To get this liquidity big players are forced to manipulate the market to the downside in order to hunt the stop-losses. When I look at the market-depth (on daily basis) I can see accumulation of volume and these SL-Hunt-Moves as the sellers instantly get aborbed by the ALGOs. Economy is also recovering well so far which is why I expect more momentum to the upside. As always I will manage this trade very aggressively, especially ahead the FOMC-meeting 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. Any questions? PM me. :-)
OANDA:SPX500USDLong
by Trading2ez
2
SPX - Bearish PennantSPX is in a bearish Pennant. I'm expecting we break this by end of Thursday 9/17, if not tomorrow 9/15. I'm hearing a lot of chatter that the correction is over..yada yada. We are in a notoriously bad month for stocks, not to mention COVID 19 is ongoing, unemployment is still rampant, and most importantly we have a very important election coming up. Markets do not like uncertainty if Biden wins or Trump, it doesn't really matter the market needs concrete data to digest and reflect prices, until then I think we reached the top, fueled by retail traders, stimulus money, 0% interest rates, and of course the moon boys. I do not see a point to go long until after the presidency, I also have a feeling we will get a vaccine or treatment by then. Seems like the bubble already burst, would not be surprised to see SPX go below 3000 before the election. Not to mention the U.S marketcap to GDP ratio(Buffet indicator) is currently higher than it was during the dot com crash, something interesting to consider. This is not financial advice, merely it is my reflection on what direction I believe the market is heading.
SP:SPXShort
by Vitaliiy
1
SPX heading down to 2000..On today's close, the uptrend that began in April is now over based on the intermediate term EMA cross. There are several factors which I would conclude are ripe for a major decline in the S&P 500 of which include: - Upcoming election in the US - Global economy mired in recession/depression - Massive overvaluation - Poor internals - A few select stocks (FANG) leading the capitalization weightings - Overall bearish seasonality We will be taking short -5x ES contracts (-1x SP CME) on Sunday evening. Target is 2000 on the SPX with a slight possibility of a major reset down to 1550-1650 range if the panic is strong enough. VIX 100+ is possible during this timeframe. Buckle up and get ready. USD cash will be the strongest asset. All else (gold, bitcoin, commodities, etc.) are going to get hit BADLY...
CME_MINI:ES1!Short
by kaotic363
2
SPX Pullback This Week Expected (600-1000ish pips)Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might temporarily be over. I've outlined the impulses/rallies in blue and the pullbacks in gold going back to June. After our last major resistance turned support (designated in the pink bordered box) that area was never retested once it left the building. After the big dip on the 11th creating and creating a new high on the twelfth, you can see the RSI and MACD see a shift in momentum. I drilled a little deeper into this segment here. SPX did not create a new high and side stepped the channel we've been following for the last two weeks. Which means another channel will be forming and I have the idea in the original chart. I believe we'll be following that channel probably making a few big drops along the way to the 3290-3280 area. Which would currently give us roughly 880 pips. What will be interesting to see is how it reacts with the 3330-3334 level. It is possible for that level to maintain support as it moves sideways. But I believe that is highly unlikely. Instead I believe it will drop through that level and retest for the sell down to the 3280 area. The two scenarios are loosely depicted below. What I'm personally hoping for is a quick/deep re-tracement bouncing off S/R levels along the way in which I will setup a sell down to the 3280 level for the major sell that would look something like this. Lastly I had to take a fibonacci re-tracement into consideration. The 3280 level sits just above the 618 re-tracement as is with the current high and 3280 being "1" fibonacci level. It would not be surprising If we see bullish action and a new All Time High (ATH) created around 3205 come Sunday/Monday that would then push that 618 re-tracement level up to match the 3280 level. This would be the ultimate trade scenario and such a scenario would be as follows. The one thing that could happen that I'm not considering is if we fall straight through that 3280 level. So I'm not going to worry about that. Thank you for checking out my analysis! Let me know what you think, please and thank you.
OANDA:SPX500USD
by BodiesXWix