Spx500short
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..
SPX500 Short SetupSPX500 Short Setup
🔵 Entry: $3,885.0
🟢 TP & RR: $3,787.4 (1.91)
⛔ Stop Loss: $3,936.1
Trade Reasons:
✔️ Price bounced off the upper trendline
✔️ Price still ranging within the triangle
✔️ Somewhat overbought levels
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...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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.
SPX500- Bullish Megaphone Pattern (or Bull Trap)Please do your DD.
Watch out for the bounce from the trend line which will confirm the bullish megaphone pattern and trap a lot of shorts.
But if it breaks the trend line to the downside then we could be going down to 2000 on SPY
Be careful out there and do your DD before investing.
$SPX - Short Now 3835Just an Idea I have marked up on the charts that once it reached this level 3835 to short.
If you want to stretch out the chart, the orage lines signify areas to watch for either taking profit or possible pivoting to the bullish side. So this could be some scalping and not a long term move. But I have a feeling there's a liquidity draw further down around 3720 which could make this a longer term move.
SPX500 going to 1.618 Fibonacci ExtensionWe could likely see a 1.618 fibo extension top and then the start of a bearish trend due to debt collapse.
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
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.
SPXLooks like a back test that was successful & now resistance has become support. If not then lower EMAs can be targeted 3795 3600 etc. But with stimulus talks tomorrow at the White House 1.9T is on the table, markets should love this news IMO.
S&P 500 corrective wave (A) pullback, New Butterfly A move back into 3900 would suggest the S&P is unfolding into a corrective wave (A) pullback. Moving away from the analysis that wave (5) still has room to go, we are looking to establish a Put Debit Butterfly 3930/3750/3735 expiring March 19th 2021 to capitalize on this short term pullback while remain long on our portfolio for longer term upside exposure.
S&P500 Short SetupS&P500 Short Setup
🔵 Entry: $3,934.7
🟢 TP & RR: $3,903.0 (1.46)
⛔ Stop Loss: $3,956.4
Trade Reasons:
✔️ 1.618 Fib Extension
✔️ Reached previous resistance level
Short term perspective: Will SPX continue its fall?Markets have been driven by interest rate move in recent days. Expecting SPX to continue its weakness over the next few days.
But could there be bottom-fishing? I think it is likely.
Looking for price to retrace down to 3830 levels before rebounding back to 3900.
Let me know your thoughts.
SPX500 price movement target are right ?"Trading is not gambling
It is the games against the system"
You have any hesitation above the chart
Have any glitch on the BATBTC days chart ? i hope traders can properly indentify my charting glitch !
SPX500 expectation is rights?
SPX500 mine own perspective so what's your opinion on the SPX500 price movement please comment in the below section .
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
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SP500 - SHORT; Look for a Short Entry, right here!Like the title says...
... and the Nasdaq100
... and the NDX/US30 (Nadaq/Dow)
... and the Dow/Gold from this post;
