Spx500forecast
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon.
NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines.
I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames.
A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box.
Comments welcome! Happy Trading!!
Hyper inflation SPXAn idea for SPX
MA's can be seen to converge then lead to a large bull run
this can be seen to have recently occurred will it lead to another bull run regardless of covid?
Buffet Indicator and Gold at the all-time highs... I just don't get it, we currently have:
Gold at the all-time high
Buffet indicator is at the all-time high (because of a huge GDP drop in Q2 )
But we're only 3% below the all-time high on S&P and VIX is at the lowest levels since Feb.
Something is wrong here, I think we should definitely see another correction. V-shape recovery is too easy for these kinds of conditions.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.
How Long Till We Test Highs? (SPX)Everything on 3day continues to shoot green across the board on the spx500 with nice size candle.
Since recovery we have only had one major potential transition (green arrow)
All indicators have nonstop continued to go green.
The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff...
This will get fun.
SPX500 LONG SET UP TO NEW ATH & THE BIGGEST SHORT SET UP!DROP YOUR THOUGHTS AND IDEAS LETS DISCUSS
THE BIG SHORT ROUND 2
THE BIG SHORT OPPORTUNITY
BEFORE COVID WAVE 2 HITS MARKET
A BREAK OUT WILL PREVENT MARKETS FROM HAVING A WAVE 2 AND GETTING OUT OF THIS
BREAK OUT TO NEW ALL TIMES HIGHS
TO SAVE US ECONOMY
SPX500 BUY SIGNAL - BUY the DIPHey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
Market-Buy:3220
Stop-Loss: 3188
Take-profit: 3293
Stop-Loss: 32 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,05
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Intraday long on SPX500Last chance to go long on #SPX500 for today
Entry 3208
SL 3198
TP 3218
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Trading Kitchen
An intraday trade on SPX500We wait for it on 3130 for a quick sell.
SL 3135
TP 3100
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TradingKitchen
Intraday trade for SPX500A very important Resistance Zone for #SPX500 could be the beginning of a good short trade to do within the end of the week.
Entry 3145
SL 3157
TP 3112
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Trading Kitchen
SPX on its way to retest the 3235 levelgot in at 3270.68. To get out and go long at the retest level of the early June highs of 3235. Which is also the .618 fib level of the most recent wave. Looking to set up nicely.
SPX500 WEEKLY FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Ignoring Everything SPXSPX does look very bullish under the (1/1) Gann line, in an attempt to reclaim it.
It is comparable to one of the alt coin market charts i have made.
Seems pretty destructive of logic. Honest
SPX Decision Zonebounce now or one more drop to ~2900 before bouncing again.
breaking above 3235 will invalidate the drop.
SPX500 BullishAll indexes are currently bullish which indicate longs, SPX500 has broken previous support and is now consolidating, unless the market is going to crash soon (strong probability) this is a perfect opportunity to get into a either short term or long term buy once it breaks consolidation as a 2nd confirmation.
SPX500 - a drop from here?So it broke the recent trendline but bounced back and made a HH since futures trading opened after the weekend - a move similar to the past 3 months where we saw regular non-trading sessions move up effortlessly. Will have to see if it melts up further from here before formal session starts but that would depend on EU session.
The new HH has been made with divergences on the MACD and RSI on the 1H timeframe, and with a less intense divergence but still present on the 4H timeframe.
The 1H timeframe is printing 2 bearish dojis and the 4H time is looking to print its first bearish doji at the moment of writing but not confirmed yet.
The EU starts trading in 1h and SPX will be affected by its direction.
From the looks of it, price is fragile and we have some overhead resistance and a bit of room till 3190. Volume is mediocre so unless something changes we should see a topping pattern and with a breakdown of the trednline, a further move down. Perhaps we were in ABC correction and this will start the C wave all the way to low 2900 and even 2800s unless this was a new 1,2,3,4,5 and we just ended correction wave and it goes up to previous ATH. I would like to say the former scenario alligns with fundamental analysis as it should correct its overpriced levels and a new stimulus at the end of the month to push it higher. New cases in the US are expected to increase for the next month at least.
🤔 Crunchtime! (SPX)💰 LET'S GET INTO SOME SPX 500 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷 Neutral
- 3day Chart
- Candle Doji Compression
- 2/3 EMA DOTS Red
Is corona wave 2 on it's way? I hope so lol. This week will tell us some critical signs to take with us in the market next week. Stay alert as we could be experiencing early signs of trend change.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
SPX Final Shot looking for one more upleg before going down again.
look for sells at 3350-3400 .
not likely but ; if SPX hits above 3400 then uptrend may expand further.
good luck.
🤔 Searching For Buyers. (SPX)😁 Similar to oil as the upward major support has been broken. The 3day is starting to curve.
Daily Timeframe
Crossover Strategy: Red Crossover
The EMA Dots: 3/3 Red
Support Level: 2941
Resistance Level: 3213
A break below support I think we would see a major correction.
Have an awesome day! ✌
🥇MLT | MAJOR LEAGUE TRADER
S&P 500 June 14th Analysis S&P violated bullish structure last week, and began to sell off. However it pulled back to recover some of the losses by the sell off. As of now there is a lot of bearish momentum and we can possibly break below 2973.8 which was previous resistance now turned support.
End of the game for #SPX500? Our view with new updated levelsOur view with new updated levels for the next week on #SPX500
BLUE = Impulse
VIOLET = Weekly and daily Max and Min
CYAN = Gann angles (weekly)
Are we seeing the start of a downtrend for SPX500? Are we seeing the start of a downtrend for SPX500?
Last week, we broke out of the rising wedge and gapped down.
Currently, MACD, RSI, 2 Day "Rate of Change" and Filter wave are all showing bearish signals.
Therefore, I am leaning towards the market to go down.
If we close below 2934 (0.618 Fib retracement and 50 moving average),
it is a CONFIRMED downtrend for me.
Lastly, we cannot rule out sideways actions, it will not surprise me that we trade between the fib levels (2934 and 3136) for the next 5 days.
SPX500 Thinking out loud - Price projectionsJust my thought will change nothing on my day trading, but just talking to myself, what is possible. Every big correction, and problems, we had the second drop, and lower low.
