Spx500forecast
SPX500 - the beginning of a recession?😲Good afternoon! It was a fun week for traders! The stock market is flying down. Is coronavirus so quickly led to such consequences, or is it just a reason to make money?
The graph shows the price movement options. We have already observed a correction of more than 21% in 2018. and everyone was expecting a recession. However, the price pushed off support and continued to grow. What will happen this time ??? There are several options. Which one will work time will tell.
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
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Disclaimer:
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
SPX Long IdeaJust a trading idea, not trading advice.
Quit the shock of a move over a little bit of virus fear that will almost certainly soon blow over.
Not even 100,000 recorded patients infected to date, with a world population of over 7,700,000,000.
Some predict further, some predict recession, some predict the end of the world.
At least in the short term, I predict a dip that is about to reverse.
Let's see where it goes shall we?
Opinions?
S&P500 SPX LONG SET UP AFTER CORONAVIRUS HIT MARKETBUY LIMIT S&P500
ENTRY 1 3014
ENTRY 2 3006
SL 2980
TP.1 3054 & TP.2 3106
Tp.3 3154 & TP.4 3206
TP.5 3254 & TP.6 3306
Stock market’s 6-day drop flirts with fastest slide into correction territory since 2008
Another sharp fall for U.S. stocks on Thursday pushed major indexes into correction territory, marking a drop of more than 10% from all-time highs. Here’s where major indexes would need to close to formally mark a correction.
MarketWatch · 9 minutes ago
S&P500 - crucial support needs to holdS&P futures reached major support area, which definetely needs to hold now for possibility of another ATH in 2020
Otherwise, if price is going below 3000, equity markets are in major trouble and we are likely entering phase of major bear markets and economic recession, last seen during 07-08 period.
Therefore, long ideas should be attempted with major caution and tight stops. Yes, it may be another opportunity to buy the dip, but if it is not, we should be prepared.
Is SPX500 short now?If the price will break 3215 we will change on a short view.
If that, 3157 will be a good level (Gann Angle) to test the short again.
On our view, something is changing, but it's better to wait for a confirmation to definitely "think short"
SPX500 - the market will not allow everyone to earn!Good afternoon! I think many will be interested to know what is happening with the SPX500?
The graph shows the period of long accumulation of the position. And further growth.
The volumes that are currently on the market are simply impressive. It feels like squeezing money out of people creating the effect of lost profit (FOMO).
But you must not forget that there is always a hard fall behind such irrational growth. Maximum levels are indicated on the chart. Therefore, have time to sell on time if you are in a long position.
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
Do not leave, without like, and if you liked my analytics sign up, and you definitely will not miss anything!
And if you want to learn to understand the market, make money without nerves, write me a PM!
Disclaimer:
I am not a certified trader, but I am well versed in the market and successfully trade.
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
SPX500: Bull Rally May Hold Towards 4000.Hi Traders,
Price was in the middle of an ending diagonal a couple of sessions ago, until this situation was made invalid by the breakout above 3150.00.
I am therefore looking for a five wave sequence in the higher degree wave 5, and at the moment it seems that price may rally towards 4000.
The plan is simple: keep buying every pullback and hold until price reaches 4000.
Regards
Wave Theorist
Hindenburg Omen is ON. Market might slide much lower. Last week there were perfect conditions for Hindenburg Omen indicator. Markets seems unstable at the moment, > 3% of stocks marking both new 52w highs and lows.
The Hindenburg Omen looks for a statistical deviation from the premise that under normal conditions, securities are either making new 52-week highs or 52-week lows. The abnormality would be if both were occurring at the same time. According to the Hindenburg Omen, an occurrence such as this is considered to be a harbinger of impending danger for a stock market. The signal typically occurs during an uptrend, where new highs are expected and new lows are rare, suggesting that the market is becoming nervous and indecisive, traits that often lead to a bear market.
For it to be on 4 conditions should be satisfied:
1. Number of new 52-week highs and 52-week lows in a stock market are greater than a threshold (2.2% for example).
2. Positive recent trend. Index > index
3. The McClellan Oscillator ( MCO ) is negative.
4. 52-week highs cannot be more than two times the 52-week lows.
You can read more about the indicator on Investopedia:
www.investopedia.com
#SPY $SPX500 #SP500 catching the Top, any Bears alive?Hello My fellow Bears, so before I share my thoughts I want to just tell you that shorting the SP500 was not a good Idea.
Major Uptrend Longest Bullrun in History, Fed pumping liquidity , Stock Majors Buyback Excess and Trump Tweets.
And by the way the Oval Office released a note that there will be a 11 am EST an Pressmeeting - just right about the overnight time when Major Index began showing some Weakness - Coincidence or do we see a new "Stockrocket All Time high" Tweet by Trump Today?
I was able to get my Short Position on the SP500 right after the Overnight Break, with a very tight Stop Loss just to be protected against any irrational Market Move caused by some Tweet.
My Key Area was the SP500 Trading around 3330 and how it will behave around there.
So what is the Pirce doing on 4H timeframe
Still Above 50 EMA
Still above 200 EMA
4H Stochastic pointing down
lower high on the RSI while price is making higher highs
Targets
50 EMA (green)(if it Holds the price this will probably move again up)
100 EMA (purple)
200 EMA (red) this is my First Major Target if this Short plays out (Probably i am going to close the half Position there, it all depends how we would or could arrive there, if we overshoot with this Pullback I would set my Stoploss into a Take Profit right Above the 200 SMA and let it run.
Target Area Explanation
If the SP500 would Pull Back from 3330 Area it would target next Support Zones and would be still in a Major Uptrend.
0.236 Fib Retracement vicinity
200 EMA and 200 SMA on the 4H Timeframe for Support
lower Rising Trendline from the rising Channel for Support
Market could retest the 3200 Area were we had some Volatility at the Start of January.
So if you are holding a Short or having thoughts about opening one, just be prepared to watch these key Levels.
Happy Bull-Hunting and Trade Safe.
SPX 2020 Prediction, to start the year off weak! Then 3400?We just ended a decade and a wild ride for 2019 having risen nearly 30%. From here many investors and traders may assume that there will be a strong move lower because prices can't go up forever. Normally, however, after such a strong gain, markets have the tendency to continue to rise the following year.
That doesn't mean we can't see a pullback and that is what we expect at the beginning of 2020. After having risen so much in the last two months, green week after green week volume started to thin out at the top as the big-money left for the holidays. Meaning there could be profit-taking come January.
What happened in 2019?
-The Fed Cut rates 3 times, providing cheaper borrowing so big money took advantage of it and flooded the markets
-The Fed implemented a secret QE4, pumping USD into the economy
-The Trade deal has had great progression, looking to sign Phase 1 (To be signed of January 15th)
-Stock buybacks over $700B which caused artificial valuation of equities
So what do we expect in 2020? A slight pullback to start the year from profit-taking, we just hit a 1.5 Fib expansion level where price failed the first time recently. The expected pullback before the continued move is the previous broken high at first at 3155 which is about 2.95% of a pullback. The ultimate level we're watching for is the 3100-3105 where the impulse for the move higher had begun, that is a 4.3-4.4% pullback from the current price. From there price has the opportunity to make a move up to 3350-3400. However the drop has to be on low volume if traders are to be excited about the upside.
This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.