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Spx500long

Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go. For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight. Happy trading
TVC:SPX
by Absolute_Degen
The Buckshot Projection Of Movement To Election DayThe next quick bear market is in the cards. However, the run to new all time highs will not make the next bear market hurt as much. This projection is an update to one previously posted the other day which accounts for Intermediate wave 4 ending on September 24. The specifics of each plotted point is based on the next top occurring on November 5 and lasting 30 trading days. Intermediate wave 3 lasted 46 days, and therefore this fifth Intermediate wave cannot surpass 46 days in length per the theory's guidelines. I will continue to watch each Minor wave and adjust this scatter plot accordingly. Primary wave 1 will likely end around election day. I currently have the top after the day itself (November 3). I still see a significant decline to follow. This could do with the election's result and presumed impact to the market in the future. I do see an even stronger rebound when the bottom is attained during Q1 of 2021.
SP:SPXLong
by StockSignaler
1
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
SP500 (Y20.P4.E1.v2).Still bullish with a correction playing outHi All, Keeping it short: With the assumption that we have made wave 1 on the macro level with this being the top, then we are having the ABC retracement. We can assume that we can have a moderate correction or a deep one. For now, the projection is the 0.382 retracement level which has confluence with the Weekly 21 EMA; If it was to be deeper, then the 0.5 to 0.618 EMA level which has confluence with the weekly 50 or 100 EMA; For now, we are in an uptrend and hence the 21 weekly EMA is more probable for ABC completion with a bounce at this level as its on a support line along with confluence on the fib. retracement for this impulse and the 50 daily EMA. Possibly testing the new high; The question is if it was to bounce, how high will it go will determine the size of the ABC correction; With this in mind, I'm also looking at BTC to follow suit; Lets keep an eye on this to a) anticipate BTC levels and b) review and take lessons from the outcome. Please give me a like or tick for this post. Regards, S.SAri. Daily Weekly Note on the daily, no bearish divergence but its on the weekly PREVIOUS POST
OANDA:SPX500USDLong
by ssari
3
SP500 (Y20.P4.E1).Still bullish but a correction taking placeHi All, This is a continuation of my previous post which discussed the correction that is likely to happen soon, now we have it. I'm still sticking to my original thoughts that this price action will move towards the average of this channel and in this case we have: a) support at the previous resistance; b) confluence with the daily 21/34 ema; c) channel bottom or trend line which shows we have 2, depicting a deviation of 1 and 2 of the channel. Price was over extended represented from the deviation of 1; d) fib. level at a number of levels; e) indicators still show downward pressure on the 8 hr and daily; My interest with the SP500 and Gold is from a crypto perspective, as they have direct correlation, with crypto being more volatile, better opportunities in terms of % gains. A few days ago, I saw it coming with that bearish candle on the 4 hrly followed by more; Today's chart on the 4 hrly; Regards, S.Sari BTC CHART PREVIOUS POST
OANDA:SPX500USDLong
by ssari
2
SPX500 - YES Im long againHey tradomaniacs, previous sell-off looks like a decent washout after increasing VOLATILITY and TRUMPS TWEET bragging DOW JONES is @ 29.000. Whether the stockmarket continues to drop doesn`t matter as I expect at least a retracement right at the trendline with the previous fakeout! Good chance to catch some pips! :-) 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