S&P500 (SPX) SHORTS&P500 sell
Entry 1 3048.50
Entry 2 3051
Sl 3054.79
Tp.1 3043.50
Tp.2 3037
Tp.3 3033.50
Tp.4 3025
Spx500forecast
SPX500 SHORT STRATEGYI see an opportunity at this chart since the resistance at the 3020 has been really strong the past 4 months. Also, this is the highest price the SPX500 has been in history, so it has to go down at least a few more times before it goes up. Looking forward to this easy trade.
S&P500 long opportunity approaching S&P500 should short to around 2951-2948 where we will look for a long entry
buy limit
entry 1 $2951
entry 2 $2948
sl 2941.39
Tp.1 2958
Tp.2 2966
Tp.3 2974
tp.4 2980
SPY: Intraday Timeframe Analysis and Bearish Bias.Conclusion for today’s SPY analysis: A break below ~284.93 implies continuation of bearish trend.
The 1 hour timeframe of the S&P 500’s ETF (SPY) is presented in today’s analysis with main focus placed on chart patterns that are currently active.The uptrend in the SPY from its December 24, 2018 low to its July 29 peak has been followed ever since by sideways market action.
Evidence of the ranging environment is provided by the horizontal blue lines that capture the meandering price action in the SPY since July 26, 2019.Besides, a wedge or diagonal chart pattern is also shown for the SPY as the alternative chart pattern that is active. October 2, 2019 saw price close outside the lower boundary of the wedge (i.e. confirmation) that suggests lower price to follow.
Meanwhile, the breakout below the lower boundary is still contained inside of the ranging environment that has lasted over 2 months. A rectangle top formation would be appropriate to describe the sideways movement which opens the possibility for the SPY to reach its lower boundary (i.e. ~282) as a minimum expectation.
Also plotted on the 1 hour timeframe chart is the 200 moving average. A retracement to the average and lack of a price close above it also carries bearish consequences for the SPY.
Price breaking below ~284 and also the lower boundary of the rectangle top formation could see price return to the origin of the wedge at ~273
S&P 500: What will a recession be like if it comes?I'm going a little crazy now. That's the long-long-long... term trading plan from today's point of view.
Pure speculation, nobody can really predict the future, but such a course of an upcoming recession - if one should actually come - seems most likely to me.
The S&P 500 is likely to make a decision before the weekendJust to share the daily update on the S&P 500.
For two days now it has been more or less treading water. It can't do it forever.
What's next? I expect it to make a decision before the week's close. We'll see. Take care!
#SP500 INDEX, On the way to breaking an all-time record?We have had Unconfirmed Double Top for the past few months.
Very bullish trend.
The Sp500 is on the way to test resistance at 3032 (an all-time record).
You can still buy and see that the sp500 crosses the resistance if the failure fails then it is worth thinking about a re-route.
Target: $ 3100
SPX has completed bearish BAT | A good short oppottunityThe priceline of S&P 500 Index has completed a bearish BAT pattern and entered in potential reversal zone.
Regards,
Atif Akbar (moon333)
Long S&P500: March higher will likely continue for months to comS&P500 has now broken decisively to new highs. With most of the major central banks determined to ease at any sign of economic slowdown, the march higher will likely continue for months to come.
Elliott Wave View: S&P 500 (SPX) Remains Buy in the DipsS&P 500 (SPX) shows a bullish sequence from December 26, 2018 low against June 3, 2019 low (2728.81) favoring further upside. Short term Elliott Wave view suggests the rally from June 13, 2019 low (2874.68) is unfolding as a leading diagonal Elliott Wave structure. Leading diagonal is a special type of 5 waves structure with a wedge like pattern and overlapping wave (i) and (iv). Up from June 13 low, wave (i) ended at 2964.15 and wave (ii) ended at 2912.99. Index then resumes higher in wave (iii) towards 2995.84 and wave (iv) pullback ended at 2963.44.
Expect SPX to do 1 more push higher to end wave (v) and this move also end wave ((i)). Afterwards, Index should pullback within wave ((ii)) to correct cycle from June 13 low before the rally resumes. Wave ((ii)) pullback should unfold in the sequence of 3, 7, or 11 swing. We don’t like selling the Index and expect Index to continue finding support in pullback. As far as pivot at June 13 low (2874.68) stays intact in the first degree, expect Index to extend higher. If pivot at June 13 low fails, then Index is correcting cycle from June 3 low (2728.81), and still expected to resume higher while above there.
US 500 (SPX/USD), The price bounced from key level 3000.0The price bounced from round number key level 3000.0 and we can open sell after pull back to 2995.0 - 2990.0.
SPX500 // Outlook // June 2019$SP500
Mid // Longterm Outlook
Bearish Momemtum continues within the stock market // Indices.
We are looking for the scenario below to occur within the Mid to Longterm for the SP500.
Confluence within this area being //
- 0.5 Fib retracement via our entire Rally
- Daily Demand
- 200 EMA Support
I will be a short term bull once we enter the 2635 range. Short term bull via stocks and indices // Until then we will be looking shorts next week.
SPX reversed from resistance, potential drop!
SPX reversed off its resistance at 2956.1 where it could potentially drop further to 2723.5.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SPX reversed from resistance, potential drop!SPX reversed off its resistance at 2956.1 where it could potentially drop further to .2723.5
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
S&P500 (SPX) Reversal Confirmed!With the US China trade war heating up once again and the fall out beginning to flow over into a weakening global economy the stage is set for another volatile period similar to H2 2018. The S&P500 index has failed to break out above ascending resistance for the fourth time confirming a reversal, imminent support can be found at $2725 (38.2% fibonacci retracement level), failing to hold that a retest of 2018 lows is on the cards at $2400.
SPX reversed from resistance, potential drop!SPX reversed off its resistance at 2956.1 where it could potentially drop further to 2723.5.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
