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Spx500long

Every MAJOR Market Cycle! (SPX)Symbol: SPX Open your eyes this could just be the beginning of a new disaster. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:SPXShort
by UnknownUnicorn2319099
4
SPX Why the bears could have been wrongSince my last SPX idea, the market has made a few moves that leads me to think bears may have been too bearish on the market. let me explain.. I think the market was always one step ahead and we completed wave A on the ABC reversal and we are already in B wave (where I stated COVID PEAK and optimism will lead the market higher). The move yesterday and today should confirm the B wave of the ABC and that the market is still headed down to around 1500 for the SPX. Or are we? Bulls argue that we are in a wave 4 of 5 of a longer bull market and that not only has the bear market ended but that we will now set a new all time high soon due to the feds unlimited QE. How could this be with all the disruption to the market and world economy? Well its hard to fight the fed but its also hard to not see how COVID has damaged the world economy. But then the world leaders are printing vast amount of money to stimulate the economy. On a Technical bases, I will make an argument for both cases: For the Bear Case - We are in an ABC reversal in which we are now in the B wave up which is the optimism that we are now turning the corner on COVID. I expect the rally to continue to day based on the futures which should lead to the bull trap zone. The first resistance is the R1 which is around 2730. If the market break this then we are in what could be a bull trap since that is the former support. once the market is in the bull trap zone, the next resistance will be 2800 which is the .5 re-tracement of the whole A wave. If the bears fail to stop the bulls then the final resistance is the .618 (R3). With that broken, we could very well be in Bull market. In my opinion looking at the weekly MACD, it does not look as though we could easily turn the tide but this is where the feds unlimited QE comes in with the bull case For the Bull Case - This market "crash" has been all just a big misunderstanding which is being rectified by the feds action and Unlimeted QE. The crash was to sudden to be a long term bear market and it instead was a quick correction/wave 4 of a larger bull market to all time highs. The trap set by the bears right above 2730 and below 2900 will turn into bear trap (since bears will anticipate a strong resistance and will short) before it breaks the daily 200EMA. After all Covid cases are peaking and the economy will be open soon and even if it doesn't we have the fed with unlimited PE.
SP:SPXShort
by UnknownUnicorn3272672
1
Optimism is good but (1500-1600) can't be ignoredStocks markets, risk assets, Cryptos are rallying (maybe recovering is a better term) as markets participants try to price in a possible slowdown in the COVID-19 pandemic. But, even if the Pandemic miraculously disappeared today, the massive economic shock won't disappear anytime soon. Major indices all over the world have already plummeted into Bear Territories and the recent rally is simply a correction. In fact, if you look at previous bear markets, you will find plenty of temporary Bullish rallies within the larger Bearish move. So, I would advise everyone not to get carried away by this. This, of course, doesn't mean that you shouldn't buy good value stocks. In fact, I have already bought some stocks last month and I plan on investing in good value stocks over the next 12-20 months and hold them till the end of the next Bull market. In the next few months, we will be dealing with bad economic data, a bigger than 2008 recession(probably), job cuts. So, such rallies as the one we are seeing now will be sold aggressively and markets will plummet into fresh lows. Until a 50%-55% drop has happened, we can't start thinking about bottom formation. And in my opinion, we are at least 18-36 months away from that.
SP:SPXShort
by TraderAvDM
11
$SPX The Up and Down movesPlease Like if you find this helpful. I believe the bull market is dead but the market can still be traded. Overall, we could be in a massive ABC correction. I believe the economy was on shaky grounds before COVID which is why I called for a market correction in January. With COVID we are definitely going into a market crash and a global recession. Technically - I think we are headed lower in the overall market but some ups in the near future. I think GILD readout is coming soon and if positive could push the whole market up. However that will be short lived once the true impact of COVID is known. The Corporate debt crisis, Consumer debt crisis from those who no longer have jobs and banks that wont be getting money from mortgages and car notes. Please do your due diligence as this is just my opinion and not an investment advice.
SP:SPXShort
by UnknownUnicorn3272672
3
SP500 LONG WEEKLYDear Gamblers, Seems that this index is going to take a deep breath and show us some strength. Personally i will trade this with stop loss really far away (due to volatility) so here is the strategy i am going to follow: STRATEGY: Open long IF today closing price is higher than 2500. Target around 2900. Stop 2150. At 2900 i will start to add on shorts as i think this is merely a corrective move rather than a new bullish cycle. Reasons: The recession has still not yet been discounted on the price and it will, believe me. Do not invest now, is not yet the time. Have fun out there, Kind regards, BeniGo. ***I am not your financial advisor neither I intend to be, please do your own research before risking your money***
TVC:SPXLong
by BeniGo
#S&P500 - Target Hit with 12 points difference #spx500 And now?The 6h chart shows the strong reaction of the S&P500 at the 2.259 level. In today's low, the S&P500 reached this level by 12 points exactly and then turned north again. Currently, the question arises, is this fast movement since Feb. 19, 2020 until March 18. 2020 an ABC formation or an impulse as 12345, so that after the upward-pointing 4 a further sell-off follows. For shorties, however, this means in any case to slowly secure profits and to buy back their positions, because in the former case as ABC, a hard technical V formation could send the prices back up as fast as they were beaten down. So the idea now is to go from short to long or the bear cap and put the bull cap back on. What do you think about the idea? Greetings from Hamburg Stefan Bode
OANDA:SPX500USDLong
by StefanBode
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