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Spx500short

SPX 3943 + 0.1 % SHORT IDEA * REVERSAL PETTERNS & PRICE ACTIONHey everyone Hope everyone had a good weekend, new week new opportunities. Here's a look at the S&P 500 from the 4H chart. * The index has been trading in an ascending channel, looking for reversal pattens to capitalize on a move with the bears. * We are trading at the formation of a doule top so should this pattern hold looking for a move with the bears. * entries on lower time frames for marging and less risk. * follow your entry rules on entries * significant moves with the bulls change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
SP:SPXShort
by PULEMokhothu
S&P Further thoughts(a) is the 50MA, it can be seen to be curling upwards and the comparison point (a) shows this ends in a bearish outcome (b) is a similar points on TSI where I expect a reoccurrence of the pattern in oval to occur, likely acting bearishly. As i have said before, assess the situation based on impact 2008 banking crisis the market collapsed 2020 COVID? Upward movement seems unjustified. Here is a chart that further explains that philosophy. I know the charts are kinda similar but I wanted to restate this for those unaware..
CME_MINI:ES1!
by Bixley
4
SPX 3768.48 - 1.34 % SHORT IDEA * STRUCTURE & BREAKOUT Hello everyone hope everyone had a good week, Here's a look at the S&P 500 from the 4H chart. * The index has been trading in a ascending channel which saw a breakout of structure and a retest of the structure * This move could signal continuation with the bears should momentum continue with the bears * watching to see if structure holds and if it does that changes the plan, significant moves with the bears trigger the trade. * follow your entry rules on entries * significant moves with the bears change the plan. * TIGHT SL lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
SP:SPXShort
by PULEMokhothu
2
SPX is drawing a perfect reversal harmonicThis is a speculative chart at the moment because none of these patterns are complete. SPX is drawing an ascending broadening wedge and we can expect a break down. SPX is also drawing a bullish butterfly pattern (78.6% on B, 161+261% on D) at 3480. So we could expect a fall and a bounce on 3480, around the 200 days MA (nice coincidence). Secondly, a touch on 3480 would trigger a 5-0 pattern, with a dead cat bounce up to 3770, followed by another lower down leg (3000-3200). This bearish scenario is valid as long as SPX doesnt break above the 20 days MA. And i would not recommend a call as long as it's below the 20 dma, as this MA gives the right direction most of the time.
OANDA:SPX500USDShort
by SebastienYC_FR
1
SPX BearishBased on the fundamentals, we believe the stimulus has already been priced into the markets. Technically, we are seeing lower highs and lower lows. Both the technicals and fundamentals give us reason to be short SPX (only for short term). If you have heard the famous saying, "buy the rumor, sell the news" then you can tell that this may be one of those instances. The stimulus news came after Biden alerted the country that stimulus checks will be sent out. That is when assets started seeing some volatility and we believe the volatility will increase as the week progresses, mainly to the downside. Adding hedges such as puts may be a great decision in times of uncertainty. We believe the uptrend will resume when SPX hits either one of the bottom targets. Trade safe. - HH
TVC:SPXShort
by HH_Analysts
7
It doesn't get much more obvious than this.Chances are good that the charts for AMEX:SPY and TVC:SPX will continue to print repeated patterns. They have been doing so for an entire year, so I don't expect them to suddenly change trajectory. I honestly expect the market to crash within a week--if not tomorrow--judging by this fractal. And although it is not shown in this post, there is also major bearish divergence on the RSI for the weekly and monthly charts and bullish divergence on the same timeframes for the VIX . It sure will be interesting to watch. Good luck to all.
OANDA:SPX500USDShort
by CLAIR_V0YANT
6
SPX500 could move UP! Hey tradomaniacs, Looking at SPX500 we can see a good rally after the expected fakeout#5 from yesterday 👉 As you can see we are currently re-testing the previous trendline of the entire weird and volatile correction. If this level holds market could continue with its previous breakout and start a new rally! If not.. SHORT IT ;-D LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
OANDA:SPX500USD
by Trading2ez
10