Spx500long
Buy opportunity - SPX retracingYesterday we made a new high at 2970, bullish signal. Of course, we see retracement.
Looking at the hourly graph, we see SPX is retracing towards 2850, the high off 14th of April and the battling around the same level early March.
Since RSI on hourly is getting oversold now, and we have a trendline starting on 7th of April and being tested twice, this could act as support. On top of that, we see the Daily 50 EMA coincides with this trendline.
Two supports and oversold market, a strong uptrend last month: seems a good level to buy.
If you want to be long, buy 2850 for guaranteed position, or wait for 2820 or 2800 for better entry.
Profit level for small trade: 2900 (Daily 100 EMA)
For more profits, and risk, profit level around 2930(0.618 fib level), 2950 (Daily 200EMA and Weekly 50 EMA), or around 3000-3100 if you are very bullish and can accept the risk.
Note that I am aware we broke out of the rising wedge yesterday, which is a bearish signal. We can trade down very fast, but I think we will see the bulls fighting back after breaking this wedge. Therefore, the long idea.
For a short opportunity, wait for retracement up to one of the profit levels mentioned for my long trade, and short. Could be a fantastic trade risk/reward wise.
S&P 500 CFD (4H) / Elliott Wave CountsSame applies here: we need to wait and see if we are done with this upward structure or not. Is there an ABC in subwave Z of the triple ZZ (red count)? Looks impulsive. Coming price action is going to be key.
S&P 500 Index (1H) / Primary Apologizes for the change in colours, I will try to keep a more standardized format from now on between the cash and the futures S&P 500 indices. We have a clean 5-wave move in green 1 or red A. Futures are down in pre-market, we might not get our 7th swing to make our pink flat X possible.
SPX - battle at 2900 - where will it go?Minor update for what is going on with SPX. I was bullish SPX and I believed the wedge outbreak on the downside was a false breakout, thus invalid. That made me update the previous wedge.
We see SPX is hovering around 2900 level(Daily 100EMA), and it is caught between the Daily 100 EMA and the Weekly 100 EMA. In a wider band we see it is caught in between the Daily 50EMA and Weekly 50EMA.
Around the 2930 we see Fib 0.618 retracement and around 2950 we see Daily 200EMA and Weekly 50EMA. Given all these levels, there is a lot of resistance and therefore I expect heavy battling around the 2950 zone. For good sell sentry, sell around 2950 with SL 3050 and TP 2850.
We will for sure see retracement from 2900 levels. On a small scale, back to 2850, on large scale, potentially 2800. With the new highs however, I do believe we will test 2950 and potentially break it.
The interesting zones are indicated by blue boxes.
One trade idea could be wait for retracement and buy around 2850 with SL 2775 and TP 2950.
With strong believe, enter anywhere long in the blue box and aim for 3000-3100. Why not wait for retracement? Good exit is far more important than good entry.
Note that my long term view is definitely bearish. I just think we are just not done yet with the uptrend.
Trade well.
The perfect storm for cryptocurrencyI have strong beliefs that the SPX will decorrelate from the cryptocurrency market in future
Potentially when this bearish megaphone breaks down, and the 1.618 bearish wave resumes.
disruptive technology like this carries revolutionary potential, and should be treated as such
Super mario world!
Another idea for SPX :)
S&P 500 CFD / Primary (Red) & 4 Alternates The red count remains my primary as long as the VIX holds its Fibonacci support. 0.65 fib still not breached in SPX futures. All options are on the table. We will not hesitate to switch bullish if the appropriate signals come.
SPX500 LONG IDEA!! NO BULLSHITSPX is flying, that's all i gotta say lol...literally enter the trade and hold till the next resistance, you can swing it as well to the GREEN ZONE.
New high's to be expected on SPXIn my last post I stated I saw upside till at least 2900 levels. Now we are there, I can continue makingnew assumptions.
Since we are in a clear bull trend this month, RSI is still not overbought and the market has shown very little sign of weakness, I am bullish.
We went from my previous post's level of 2760 to 2900, and I expect we will make new highs soon since we broke previous high and are now at a new local high of 2915.
If market is in doubt, we will hover around 2900. When weak, we could retrace to some levels indicated in the chart. With my bullish sentiment, I think we will move up after retracement to the 200 MA/EMA levels of around 2950-3000. Of course, we will find resistance here, but at the moment I do not see why we could not reach the high's of early March around 3100.
Very likely to see retracement here and there, but 3 bullish bars in a row, combined with a new high, and still room till moving averages and previous high's, I think this will ramble on.
If FED comes with very positive news or statements today, I think we will not hover too long and start heading towards 3000 in the next days.
New information might change my view, but at the moment definitely bullish with possible paths drawn. Note that I do not specifically expect every retracement line to head to the higher level indicated. It's just some levels of low's and some levels of high's.
SPX500USD TARGET TO 3000 ! NICE LONG TRADEHello !
If you agree with me hit like and follow me thank very much.
I'm waiting for this moments long time. Price 2 months resistance was broken. Price will check horizontal resistance. I think it will break and keeping up to next resistance zone /target again 3000/.
- Bullish candlestick
- 1D Resistance was broken/ 4H resistance was broken/
- Rsi up
Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk.
S&P 500 Index (1H) / Bullish Elliott Wave Count (2)In this scenario, we are working on the 5th subwave of this impulse off the lows (within macro Flat 4 count). We've broken the base channel to the downside. If this is an impulse in progress, it is weak and W3<W1 so we may breach the 0.65 fib retracement and come back down fill the gap left by the island reversal.
S&P 500 index NEW PARADIGM Shiny, gorgeous stonks looks like they move you straight into heaven.Looks like very bullish. But my feeling about the market is bearish of course. May be this time is different, maybe my bearish broken bias are lying to me. I made this thoughts before, when last bear are completely change his bias to bullish price immediately stop rising and start to reverse
3050-3130 are good levels for sell
S&P 500 Index (2H) / Bullish Elliott Wave Count2 flats in a row but we broke the base channel to the downside and the slopes are awful. Where is the 3 of the 3? Coming with the Fed/FOMC or a coronavirus vaccine?
S&P 500 Index (2H) / Bearish Elliottwave CountThe poor slopes and the break of the base channel makes this count a strong candidate. We need confirmation though. Will the Fed/FOMC trigger the C of the flat X?
SPX500 scenarioOur view on #SPX500:
Price reacted very well on the last Fibo Zone in 2900 Area.
The next one is around 3000 and we're sure the price is going to reach that zone and bouncing downside to 2900 Area.
This is a possible short trade.
We only have to wait for a confirmation for a long trade to area 2900.
It seems a Wave pattern is consolidating. We only need to know where the point 4 will be.
Which channel will be confirmed? Time Analysis suggests us we will discover it on Monday!
#s&p500 Analysis for the 4h My expectation for s&p500 if the price break 2834.5 will up to 2956 also if respect the 2834 level maybe back to 2725
#SPX500 expectation for the next week i expect for the #SPX500 will up to the red line level if the candle break it than will go up
Is the S&P 500 Finally Going To Dump?There are few little issues in here such as the EW structures of pink submicro 1 of A of Y and especially pink sub-micro 2 which looks like a little impulse. These issues can be observed at a low TF. Geometry is super clean here: slopes are great (Y<W), subminuette X ended right at the ML of the channel, retest of the channel from below, ML of PF untouched and now far away... Dumping today would drastically increase confidence in this count.
Standard &Poor's Index might fall more!Welcome to this update.
The gaps are there and they always get filled.
IMO Within the next two weeks we can see this move happening.
Also to keep in mind the bearish pattern we just broke down from: RISING WEDGE.
TARGETS: Support Levels:
1) $2580.80
2) $2335.70
SL will be the purple line as shown in the chart: $2881.4.
Stay tuned for more updates.
#Peace
Economic Barometer in Full Alert But SPX Doesn't Care?1:1 Fib extension has been hit to the tick (A=C) but prices seem to want to reach the 0.618 retracement (GZ). Oil prices - which act as an economic barometer - are screaming for bear market but will SPX and NDX listen?
SPX: A Technical Approach to the Stock Market 1H (Apr. 20)X FORCE GLOBAL ANALYSIS:
In this analysis, we take a purely technical approach to the S&P 500 Index.
Bullish Evidence
- We see a bullish divergence, with higher lows on the price, and lower lows on the indicator
- The Relative Strength Index (RSI) shows lower lows, as well the Moving Average Convergence Divergence (MACD)
- We are also creating higher lows and higher highs in an ascending trend line, having broken through a lot of strong resistances
- The RSI is looking for another breakout through the descending trend line resistance
Bearish Evidence
- However, we also spot a bearish divergence, in which the price forms higher highs, and the indicators show lower lows
- The RSI is trading within a downtrend, showing signs of weakening strength, forming lower highs and lower lows
- The RSI is at overbought levels
- The MACD also shows greater bearish histograms and a downtrend in the moving averages, showing a lack of momentum
- On the bigger picture, we are trading within a bearish ascending wedge
Market Sentiment:
We are still at the 'fear' zone in the fear greed index, but as the stock market showed a strong bounce, bullish sentiment begins to kick into the market again.
What We Believe
Based on purely the technicals demonstrated in the chart above, it seems as though the probabilities for a bearish case are higher. However, given that we take into consideration the amount of money the US government and Fed is looking to pour into the financial market, as well as the improving situation of the Corona Virus (Covid-19) in the states, the bullish scenario's probabilities aren't comparably too low either.
Trade Safe.
