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Spx500short

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
DOGE is just another PnD.Like it or not , but Doge have no intrinsic value or good fundamentals (crypto style : like limited supply at least at btc) and just another Pump and Dump scheme. This is the cherry on the cake that still was not eaten like $GME, $AMC, $TLRY and bunch of other penny stocks. All of this remind me a bit of 1929, 2000 when retail fomo is so insane , that they long everything and shoe shining average Joe gives you trading advice about markets. Why this is happening? Probably corona virus and money printing. Will it last long? No. Frenzy will be over right when there will be no more lockdowns(will be frontrunned probably few months in advance. I'd say spring/summer 2021 most likely), and all this new tik-tok traders will end up devastated and bankrupt. Bankers will force gov to hike rates on dxy and collect that credits back forcing people into another finance depression. Yes , it's a bubble burst scenario and it will happen sooner or later. Ponzies ain't lasts forever and you're all know it.
Short
by WagsCapital
Short MarketThe market has reached its all time high creating a new higher high which can be treated as a resistance @3941.1 for now. The RSI suggests that the market has been heavily overbought on 30m chart and a recorrection is to be expected. On 4hr chart the support level 3896.8 is constantly being tested and looks like the market will test this level one more time before making yet another bullish move. If bears break the supp levels expect the market to test zone @3877.7 to 3868.5 supp level. Else the long move is to be assumed go up to 4017.0. Supp levels: 3918.0 3894.5 --> getting weak 3877.7 to 3868.5 --> strong supp zone
UShort
by mupaul17