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Spx500long

SPX500 Plan for the Upcoming Week — H1 speculation during CovidContext & Navigating markets during COVID-19 Due to COVID-19 outbreak happening on top of an uptight bond market and weak economic fundamentals, the OANDA:SPX500USD — along with other major indexes — has tanked from its 3396 historical high in a straight line untill it found a yet to confirm or break H1 support on the 2855 area which happens to be the 50% fibonacci retracement of the December 24th 2018 to Febuary 20th 2020 rise fueled by the series of Federal Reserve's interest's rate cuts. Since then the market has demonstrated extreme volatility on lower timeframes, thus highlighting profilic opportunities for speculators. After confused reaction to the FED's emergency 50 basic points rate cut on Tuesday, the market ended up rejecting twice the 50% retracement at 3130$, a fib level that usually isn't supposed to show much reaction, displaying how weak the buyers were by not being able to push throught 61.8% (much more attractive for short sellers risk management). The market was then vowed to retest, if not break its support. The bulls showed very low interest on the range support area of 2960 - 2920 (highlighted by fib retracement and fib extension) only a few hours before the weekly close, which led me to believe that we were going to break the support either before closure or at the next opening. MACD and RSI were not showing any kind of bullish signals anyway therefore i decided not to buy the support as i previously planed to. However volumes sudently rised up and printed a 3 min range which broke to the upside the 3min bearish trendline and closed the week with a 1 hour green engulfing candle, thus quickly sending a whole bunch of bullish signals : Trade As a result, i intend to buy any retracement of the aforementioned engulfing candle with an invalidation level under the 2830 level. Regarding the objectives of that trade, i wouldn't target anything higher than 3191 - 3270$ which are respectively the 61.8 & 76.4 retracement of the "corona" bearish wave; i'll even go so far as look to reinforce my daily shorts on that very atractive area. Average risk ratio of the trade is 1/4 (2.5 stop for 10% gains) but that might change slightly given the price you enter at. Targeting new historical highs from there seem completly unrealistic and that is especially considering the underlying context and daily technical structure which seems to be a bearish trend that may drag us to as low as 2700$ if not way lower (see my future long term analysis on the stock market). Hope this idea will inspire some of you ! Go easy on leverage and don't forget to hit the like/follow button if you feel like this post deserves it ;) Kindly, J.M.K
OANDA:SPX500USDLong
by John_Maynard_Keynes
3
SPX final alternate map for next weekI enjoy these puzzles and it greatly helps my trading to watch these maps while the markets are live. Since I mostly trade ES futures, these possibilities are for my own clarity and decision making, but I hope they may also help others. This final alternate is my least favorite, although it has a great possibility - considering there is bullish divergence also on the hourly charts now (albeit a bit weak). Part of the issue I have with this count is - the psychological game makes less sense to me. If I were a market mover in the SPX - wouldn't I rather push it down until breaking the previous low thereby causing the most panic selling/stop losses and then - scoop up cheap shares to pump it to the 3180-3200 level? I know I would do that if I had the capital. Having said that, if we have a gap up on Monday and quickly sell off, that may be the time to buy. Again, the market movers will want to convince others to get out early if the news is bad monday morning - only to buy up shares and have a nice 3 day rally to the trendline. Good luck!
TVC:SPXLong
by the_sunship
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! Do not leave, without like, and if you liked my analytics sign up, and you definitely will not miss anything! Disclaimer: I do not give entry and exit points. I share with you my opinion and ideas, which may differ from yours.
FX:SPX500
by CryptoYanina
S&P 500 | Can Bounce of 200 Daily MAPlease support this idea with LIKE if you find it useful. 200 daily MA perfectly served as a support for the price since March of 2019. In case we get the price closes above S2 we can initiate a Long position. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
CME_MINI:ES1!Long
by Anpu
The S&P is on wholesale right now & presenting a nice Buy Anytime we get significant pull backs and corrections on the US Indices it presents a nice buying opportunity, I recommend that you trade the SPX500 CFD contract over the Futures since Margin Capital is increased significantly over the weekend and there are also gaps that you have to take into effect. The Daily and Weekly and in full blown uptrends, so the bulls should be showing some life come Late Sunday to Early Monday.
FX:SPX500Long
by MrWallSt007
1
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.
FX:SPX500
by CryptoYanina
3