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Spx500short

US500 BEARISH OUTLOOKAfter the speech of Fed chairman Jerome Powell last Friday, on which he clearly stated that the main goal of Federal Reserve is to stabilize prices and will remain hawkish on interest rates, expectations of increased strength of the USD made big portion of the investors to sell their shares and increase the amount of dollars they are holding, which plummeted the price of S&P500. RSI indicator is below 30 level and MACD is below zero as well, which also indicates a bearish trend. The instrument broke the support at 4109 and continues to decline. If this pattern continues, the instrument might test its levels at 3940. Otherwise, if the trend reverses, the price might test levels at 4060. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
UShort
by legacyFXofficial
SPX end of the week updateI had no time to post this last night, but I did the ES. We did hit my upper target at 4210-20, reversed and never looked back! Was looking for this move for several days now, but it came so big, I didnt expect to have so much of a move in 1 day. This gives me more confidence on my lower target zone to hit 3930-50SPX So for today's close 2 very important numbers are: - 4157 -4125 Closing below second number will make me even more confident of seeing that lower target next week. Main supports are: - 4078 (expect a good bounce from this number, ideally to test 5150 level) - 4050 Main daily resistance is at 4177 now have a great weekend
SP:SPXShort
by RealTima
23
SPX must watch number for the close is 4135.30!Watch 4135.30SPX number, closing below will flush tomorrow and vice versa! 1h is showing a positive divergence when 15min is actually setting up for a flush, RSI is below 50, MACD below 0. It should give one way or another! Very interesting thing is this, next stop is at 4069-80 and nothing till 3951! On the upside must close above 4140.20 for a push higher. Resistance is at 4140, 4211 and 4308.50 (again) My bottoming timing is on the 25th
SP:SPX
by RealTima
17
Be prepared for large sell off of $SPX around 4350 levelThe moving average 300 is an indicator of trends for the S&P 500, and prices often tumble to it during bull market rallies or bounce to it in bear market rallies. Currently, $SPX is making a push towards the moving average 300, which is currently‘ at 4350.34. At this level, the volume histogram indicator across a 200 day timeframe and 500 day timeframe shows that there was historically a very high volume executed, which indicates that this may be a critical point for the market, and lots of volume may happen when it is reached. Given that US markets are now in a recession, as dictated by two quarters of negative GDP growth, the war is still ongoing, and inflation rates are still high, I'd personally guess that the current rally is a bull market trap, which will reach the MA 300 then experience large volume and reverse downwards. Comparing the current situation to two crashes, 2008 and 2020, I'd say that the state of the market is more similar to 2008, where prices came close to the ma 300 then crashed, instead of 2020, where the stock market rallied strongly after crossing over the moving average 300. This is because, in 2020, the rally after the crash was largely fueled by the federal reserve's quantitative easing and asset buying, whereas now in 2022, the federal reserve's actions are on the opposite end, with "quantitative tightening" and rate hikes.
SP:SPXShort
by spiritualhealer117
2
Resistance appears to have held and now to electionsIf 198 days is the approximately length of Cycle Wave A (as is the current expectation), the following timelines could be true: Supercycle 2 could be ~ 813 days (final bottom is March 2025) A is ~ 25% of the overall wave it resides Cycle A would be ~ 198 days INSIDE CYCLE WAVE A 1 is ~20% of the overall wave it resides: This would make Primary 1 ~ 40 days Primary 1 was actually 35 days long 2 is ~9% of the overall wave it resides: This would make Primary 2 ~ 18 days Primary 2 was actually 23 days long 3 is ~38% of the overall wave it resides: This would make Primary 3 ~ 75 days Primary 3 was actually 56 days long 4 is ~17% of the overall wave it resides: This would make Primary 4 ~ 34 days Primary 4 was actually 40 days long 5 is ~23% of the overall wave it resides: This would make Primary 5 ~ 45 days There is certainly some give and take as these median percentages of primary waves add up beyond 100% (107%). Some waves were longer and others under as well. I drew a resistance line based on the beginning of Cycle wave 2 on January 4 and the next highest peak where Primary wave 2 ended. IF Primary 4 has indeed ended, it just missed this resistance line. A support line was drawn similarly based on the first major low since the January top. This first low was the end of Intermediate wave 3 in Primary wave 1 and the second low was the end of Primary wave 1. Primary wave 3 briefly dropped below this line 3 times, however, I am maintaining it as the source of a potential bottom. I am working on something new by plotting the most agreed end dates based on my computer models instead of the top 1 or 2. The most agreement has Primary wave 5 lasting 28 or 40 days (8 models each). I have additionally cross-hatched Fibonacci levels and percent extensions for wave 5 to potentially end. The first quartile extension 112.36%, median extension is 135.09%, and the third quartile is 204%. Based on all of these dates and cross-hatch points, I do not expect a low beyond 3136 or the bottom occurring after December 8. My comfort target bottom would likely occur on or before election day likely around 3300. We shall see what happens.
SP:SPXShort
by StockSignaler
1
SPX flagging, there is a good setup for a good size gap down SPX flagging, there is a good setup for a good size gap down tomorrow. Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern) If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close. If this is what will play out, then we should re-test 4308.50-23 on Monday with a gap up and crap. So must watch number for tomorrow is 4189-4207. Must gap down below 4255 to have this setup more probable! Some good setups are coming, just need to be patient. Maj resistance is at 4308.5SPX on closing level.
SP:SPXShort
by RealTima
26
SPX needs a Gap Down below 4255-57 tomorrow...Quick update. The price needs to gap down tomorrow below 4255-57 to confirm the top being in place. Usually this type of the move trap bulls for long, so as long as we gap down hard tomorrow, I can mark the top being in. There is still a room to squeeze to 4330-34, but Im not really playing it unless I see a good setup. If we gap up tomorrow, will have to revisit my charts. Tomorrow should continue today's day, we had a reversal to downside and if this is real we should see a low on the 22nd-23rd, small bounce 23-24th and last low or higher low on the 25-26th 24th is a panic cycle day! Mark it on your calendar Numbers to watch tomorrow: - Maj resistance is the same - 4308.50 (on closing level) - First main support is at 4255-57 - 4220 and next is at 4175 - Ideal target of this move is at 4125-46 Ideally we should see something similar of a move from EOM Mar high. You can revisit a gap down below 4520, which was retested and never seen since after. Tomorrow's move should be a start of the first move down, fits with cycle lows into 22-23rd or 25-26th, then a rally into Labour Day high/lower high. The week of Sep 5th is a panic cycle week, so a gap down from there is expected to trap all the bulls, especially after staying long over the long weekend. Have a good night
SP:SPXShort
by RealTima
2
SPX Aug 17th updateExpected a high being hit today, we got it. Expected a close below 4308.5SPX, we got it. Expected a red close, got it only on NASDAQ and Small Caps. As long as we stay below 4340SPX we should see lower is my next expectation. VIX (see my update earlier) has a clear ISH pattern. Main support is 4177SPX Tomorrow must watch numbers are - 4285 and especially 75, failure of holding the last number can be a good sign of the local top, need much lower to mark the maj top! - Resistance is the same 4308.50 on the closing level. - Upper target zone is around 4330-34SPX in case it wants to tag it, Im not playing it and will be looking for a short setup instead. I expect this to dive down to 4150+- SPX zone by the 24th-26th and one more push to lower low /double top, or if broken above - 4425+ sometime early Sep. Not favouring the second scenario, but can be a case for the larger B wave top in Jan. Im not in the camp of new ATH's and the lows being in, I dont change my count to fit the price or put many counts to be right regardless. If Im wrong at some point (everyone makes mistakes), I will admit and only then change my view. We are not even close to have that view changed at this point. Also want to bring the attention to Sep and hope many will make a note of this warning - there is a chance we could crash that month and my charts do reflect that. Will it be serious or not as much, I have no idea, but I see some serious signs of something happening that month. You have been warned. Have a good night
SP:SPXShort
by RealTima
17
SPX hit 4308.50 target!Ideal target has been met! Watch to close below 4308.50, ideally we close red, tomorrow will be a bigger sell off with the bounce on the 18th. The target zone is at 4300-33, it can stretch into 20s, I will short it there, or short if we close below 4308.50 Timing should be right as per my last night update. I will post a zoomed out chart after the close with the expected pathway into Oct low. One thing to mention is I wont be holding any longs after end of this month! Sep can produce a good crash, you've been warned!
SP:SPXShort
by RealTima
2
SPX gap fill is at 4300.16, maj resisatcne is at 4308.50Its a turning day tomorrow, the 16th, expect it to be an intraday or a closing high. Super close to the Gap Fill at 4300.16 and my main target/resisatnce at 4308.50. Had that number since Jun, didnt expect it to get hit mid of Aug but EOM or first days of Sep. Timing for the low is on Aug 26th and I expect 4010-30 to hold! Might get to 4050-60SPX only, will calculate target when I see that we topped. 4200 will have to be lost at min, today this number could rise. This Fri Max Pain is at 405 SPY, something to watch! So I was thinking if we see a low on the 26th, then there is a high chance we stretch into the Sep OPEX for bear max pain and suck every bull in at 4425-35SPX. That was my ideal target before we saw lower in June, now its secondary target.
SP:SPXShort
by RealTima
13