SXP 500 index! - We're going sledding.Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down.
What's on the market now:
Globally, the index goes to 3850. And I believe that it will be at this level around May 18-20.
What are we waiting for today:
Today, the market may try to stabilize the price and move it to the level of 40 90, but if this scenario is broken, then the movement to the level of 38 50 will continue.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 4090, limit your losses.
If you want to buy:
Long positions are prohibited. A sharp price movement to 3850 is possible, limit your losses.
If you are currently out of the market:
You can go short above 4090 or wait for the market bottom at 3850.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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Spx500short
SXP 500 index: SXP 500 index: Profit-taking from shorts today?Today we are here to talk about the SXP 500 index.
Today: The index is trading at 3991. In the last trading session, the market went down sharply, as we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the index goes to 3850. And I expect it to be at that level around May 18-21.
What are we waiting for today:
Today we are waiting for an attempt to stabilize the price caused by profit-taking, its movement to the level of 40 80 - 41 00, and then we expect a sharp movement to the level of 3850.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4080 - 4100, limit your losses.
If you want to buy:
Longs possible below 3850, limit your losses.
If you are in cache:
You can sell from 4100 or wait until the market bottoms around 3850-3780.
If you want to ask a question about an idea:
If you would like more information, please contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
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See you next time.
One of the severest declines the market has ever gone through.Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 23. And in the last trading session, we saw the price stabilize. However, the market is moving towards the level of 3850
What's on the market now:
As I said earlier, there is a negative mood in the market globally and now the market is moving to a local bottom in the 3850 area.
What today::
We expect a sharp move towards 3850.
What I recommend:
If you want to open short:
I continue to recommend that you open shorts around 4250. But if you would like to avoid risk, short above 4335 seems to me the safest.
However, the most speculative players can open short the market on pullbacks while limiting your risk.
If you want to buy:
I strongly recommend not to buy yet due to the possibility of a sharp correction to 3850.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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I post SPX 500 analytics every day, so check back tomorrow!
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SPX/USD Daily TA Cautiously BearishSPX/USD Daily cautiously bearish. FOMC rally has likely concluded, the Fed did what Mr. Market expected it to but at the end of the day the inflation scenario (exacerbated by Russia/Ukraine, US worker shortage and lockdowns in China) is getting worse every day. Recommended ratio: 20% SPX, 80% cash. Price broke back down below $4175 support in yesterday's session and is currently forming a Doji Candle as it retests the lower trendline of the descending channel from August 2021 as support. Volume remains moderately high and has favored sellers in two consecutive sessions to end the trading week. Parabolic SAR flips bullish at $4308. RSI is currently trending down and testing 38.06 support after being rejected by the uptrend line from January 2022 at 48.79 as resistance. Stochastic remains bullish and is currently on the verge of a bearish crossover at 51.40; the next resistance is at 76.29 and the next support is at 18.32. MACD remains bearish and is currently retesting -76.22 minor support (after a failed attempt at trough formation) with no signs of new trough formation; a fall below -76.22 would reaffirm that the MACD uptrend line from January 2022 (at -55) has been broken. ADX is currently trending up slightly at 23.5 as Price continues to see selling pressure, this is mildly bearish; if it keeps trending up past 25 as Price continues to fall this would be very bearish. If Price is able to bounce here (off of the lower trendline of the descending channel from August 2021) at $4100, then it will likely retest $4175 resistance before makings its next move. However, if Price continues to fall here (after yesterday's Bearish Engulfing Candle) then the next likely target is a test of $3938 support (which would be the first test of this support). Mental Stop Loss: (two consecutive closes above) $4175.
SPX for the upcoming weeksThis might not be the best info you'll ever get, but I think there will be start of and downtrend (again :D) from the red box and target is the green box. From the green box I'll be bullish for the upcoming weeks. (Fundamentally it doesn't make sense right now, but we'll see what's coming.)
I really hope that we could see atleast a new high, but im realistic. With the fundamental site right now I don't know what the possible target could be. (Could be atleast the red box again or even higher..)
I'll make an update asap. ;) Hope this will be useful to someone atleast.
S&P500 - Quick Chart AnalysisFor what it's worth, I'm dropping a very basic analysis of the current price action for S&P500. It seems that the price is resting on the middle trend line of the descending channel.
The risk-takers might want to open a long order at the current level of $4,150 with a target at $4,400 and a stop loss below the recent lowest low, which is $4,060.
I personally will be trading with the trend and have an order set up at $4,400 to short the index. The stop loss is slightly above that level.
SXP500 Index! - There's little hope here.SXP500 Index! Today we are here to talk about the SXP500 index.
Today: The index is trading at 4155. In the last trading session, we saw a sharp drop down that we expected earlier, as well as a return movement, here is a link to the idea.
What's on the market now:
There is a lot of volatility in the market right now. Associated with an attempt to buy the bottom from inexperienced players.
What are we waiting for today:
Today we are waiting for the continuation of the correction and the market movement to the area above 4190. However, the probability of the price movement to the level of 4050 - 4000 remains.
What I recommend:
If you want to open short:
Go short on pullbacks above 41 70- 41 90, limit your losses.
If you want to buy:
Long positions are possible from the level of 4015-3995. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
SXP500 Index! - What, are you taking a walk on the wild side?Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 31. Last trading session we saw a sharp drop to 4100 which we expected earlier, here is a link to the idea.
What's on the market now:
Because of all the negative forecasts for the production of GDP and the presence of strong inflation. The US global market goes to the 3850 zone. And yesterday the market made a sharp fall.
What are we waiting for today:
Today we are waiting for the market to continue moving towards the 4035 zone. However, there is still a possibility of the price moving to the level of 4170. Associated with an attempt to buy the bottom from inexperienced players.
What I recommend:
If you want to open short:
Go short on pullbacks above 4170, limit your losses.
If you want to buy:
Long positions are possible from the level of 4050-4035. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
SP500 in sitting on support, breakdown is imminentIn my previous analysis regarding SP500, I said that I expect a drop under the 4k figure and things are getting closer and closer to that moment.
Looking at the price action for the past 4 months, we can see that after a very bad start of the year, stocks have tried to recover, but sellers capped gains in the 4.5-4.6k zone.
A new attempt of recovery started in late March, but again, sellers took control in the same 4.5-4.6k zone.
Going further into last week, we can see that after reaching support again, SP500 rebounded on We and Th, just to sell off hard on Friday.
All this price development, for me at least, is very bearish and I expect a break of support.
In the medium term, my target remains 3.5k, September and October's 2020 highs, and also Fibo 50% for the start of "pandemic" rise, and only SP500 back above 4.6k is bullish in my book.
Of course, also my strategy remains the same: Sell Rallies
SXP500 Index: Stumbled and fell.Today we are here to talk about the SXP500 index.
Today: The index is trading at 4287. In the last trading session, we saw a sharp increase to the 4315 zone which I expected earlier here is a link to the idea.
What's on the market now:
Today the market will be in the phase of fixing the profit received yesterday. Globally, the market moves to the 3780 zone. And yesterday it formed a local peak at the price of 4308.
What are we waiting for today:
We are waiting for a movement to the level of 4220 and a further attempt to rise to 43 35.
What I recommend:
If you want to open short:
It is possible to open short positions only on rollbacks 4300 – 43 35, while limiting risks.
If you want to buy:
Longs are prohibited. Possible sharp movement to the zone 41 00
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
SPX500 with potential Peek-Sell!Hey tradomaniacs,
SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout.
As always I`m very cautious here due to the current volatility and uncertainy of the market.
Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side.
A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off.
What do you think?
SPX500 likely to FALL!Hey tradomaniacs,
recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded.
So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off.
However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility!
What do you think?
SXP500 Index! - Are you ready to sell it?Today we are here to talk about the SXP500 index.
Today: The index is trading at 4296. Last trading session we saw a sharp rise after a correction to the 4220 zone that we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the market moves to the 3780 zone. And yesterday it formed a local bottom at the price of 4200.
What are we waiting for today:
Today we are waiting for the price to stabilize and the market to move to the level of 4315. However, there is still a possibility of the price moving to the level of 4100.
What I recommend:
If you want to open short:
Open short positions above the level of 4315, limit your losses.
If you want to buy:
Long positions are possible from the 4220 level. Limit your losses to the last low.
If you would like to ask a question about this an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
SPX (S&P 500 - 4262) vs BTC (Bitcoin 36/37K)We can see here that the SPX and BTC are highly correlated...
We can see BTC (Black line) moving ahead on the drop.
We can see the SPX dropping to 4262 short-term... We have clear and strong bearish signals to support his call.
We also have a GAP that is about to be filled on this drop.
What does this means for BTC (Bitcoin)?
We can say $36/$37,000 on the next drop.
Within 10 days more or less.
(Likely to happen fast though...)
Namaste.