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Spx500short

How much room does the tech market have to the upside? SPXIs it possible that the tech market is now in a second bubble? Although the valuation of the top 5-6 companies is accurate, what would the rest of the 455 stocks of the SPX are signalling on what is going to happen next? In my view, I believe that a few signs on the chart of the SPX does seem to indicate that a correction is due. There is a current bearish divergence looking both the the monthly and weekly volumes in relation to the price. The MACD is highly elevated too and it seems we are not seeing a record level that we have not ever seen before. Of course, the correction back in March is a contributing factor on seeing such elevated levels but they cannot simply go on like that for too long now. Despite a vaccine being available and as of tomorrow starting to be used in the UK targeting around 2 million people, the economic prospects and worries seem to be more elevated both in Europe and the US. The US market has been flooded by vast amounts of money printed by the FED which were mostly use to purchase bonds and stocks, increasing it's balance sheet. The argument of a high inflation is real and of course is something to take serious but personally I believe that deflation will be the first real threat. Every major crisis in the past had started with a deflationary period and the pandemic has set the stage perfectly for that. It is very possible to see some high volatility in the month of December but I believe that end of February mid March would be the the more sensitive times one should watch the market. The levels to watch would be the 21EMA on the Weekly chart as , breaking that level, would be a first sign of a potential reversal. I will update this idea with more charts as we go along but for now I just wish to publish the current state and see if we will get any signals before the end of 2021.
SP:SPXShort
by cbistriceanu
SPX500 could DROP!Hey tradomaniacs, if you have traded my previous SPX-LONGTRADE you should consider to take profits. The market is testing a round number of 3.800 right at ten upper Trendline. The FOREX-MARKET is currently pricing in a risk-off-scenario with a rising DXY (US-DOLLAR) and falling AUD and NZD. We see a divergence in stocks and Forex which is never a good sign. KEEP IN MIND that we will get to see the Non-Farm-Payrolls tomorrow. 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:SPX500USDShort
by Trading2ez
5
SPX 500 nosedive in the new year The stock market has been gunning for all-time highs despite the horrible economic news going around. Based on stimulus hopes and mass euphoria of the market reaching highs, with help from the fed, investors have just been buying at the highs and pushing it higher. However, I think all of that is quickly coming to an end. The market has been pushing higher with no real fundamentals to back it up and there is a lot of negative news looming over these markets. The new Covid-19 strain is quickly spreading throughout the U.S. now so there may be fear of new lockdowns, and Trump signed an executive order for the NYSE to delist some of the biggest Chinese telecom companies in the market. All of this news may trigger some major fears among investors to start taking massive profits and the market will definitely see a huge selloff because of that. Price action also tells the story of the nosedive. As you can see, the S&P has been moving in an ascending channel with a false breakout below on December 21st, which already indicates selling pressure. The market also closed the new year at the zone of resistance formed around 3758 and 3763. The market is showing significant rejection at that level, especially on the 1 hour time frame. You can also see a double top formation and this is further indication of a reversal. Many have been pointing to a glaring bearish RSI divergence forming and they are spot on with that analysis. The market should be seeing a huge correction and if it breaks past the strong support zone around 3641 and 3645 we could see the market bleed all the way to the 3500 levels. I'm currently in a sell position and I'll be targeting 3608. There are a lot of gaps to fill in this market and I believe they will be filled in the coming week.
OANDA:SPX500USDShort
by StealPipsSal
10
SPX WARNING! BE CAREFUL, END OF WAVE 3 IN APPROACH?Hi evreyone, With a clear divergence on this last wave since january 2020, i believe investors must be careful with this main wave 5 inside the super cycle wave 3. If you ask me if it's the time to enter? My answer will be... "Bottom of wave 2 was the time to enter or bottom of main 4" which was the last march retracement.. but not now. On this chart you will see that many more entry points will be available on the retracement of Cycle Wave 4. For sure we can reach higher than 361.8% and make an extension... but i'm pretty sure that SPX will face big time resistance around 4000.00 and usualy 3.618% is the last exit for many patient investors. Also there is a clear bearish Divergence which is confirming Main W5. Long trader are now looking to exit slowly for cycle wave 4, HFT Bots will follow. If Main Wave 5 Stop at 3.168% = 39 here are some entry points 0.398.87 = 2698.87 0.5 = 2310.86 0.618 = 1922.86 Golden Fib You will find a lot of buyers between 0.5 and 0.618. For sure those entry numbers refers only to a retracement that would start from the 3.618% a little less than 4k. The arrival of the Joe Biden will be a great pretext, just be careful. Defensive sectors would be appropriate right now like HEALTH. Health care tend to generate stable profit throughout all phases of the economic cycle. Consumer Staples, Health Care, Utilities, Telecom services. -If you take a look on the daily chart the daily EMA Ribbon is complety reversed which give more place to volatility and retracements. I will post the EMA RIBBON under. For me this Look pretty scary at the moment, i would not be a buyer. A gap like this usually can last around 65days to 80 days, this bring us between to the 6th and 21 of january. Super Cycle wave 5 tend to loose strenght... but this wave can bring us around 5000 and more. Have a wonderful christmas, best to you !
SP:SPX
by Crypto_Mercy
S&P at Yearly Resistance; Out of the Monthly BB With screaming bearish divergence I've zoomed into the 3d chart to help get the best picture of the divergence and price action, balancing the pros and cons of using either the 1D or 1W charts. The price action is clearly out of the green monthly bollinger band and a chart lower down in the post will show how much SPX doesn't like that condition. The purple line is the resistance for megaphone that a lot of people have been watching since the price action bottomed late March. The megaphone should tighten either into a diamond or some other pattern but lots of people have been blown out shorting or FOMOing in due to all the gains they see. The MACD is showing bearish divergence on the MACD proper, but also the histogram. Not a great place to be The RSI is also showing a lot of bearish divergence with the arrow shaft being used to show a clear resistance line on the RSI. Target Setting The chart below is a little cleaner to see the big picture so lets take gander. The most common reaction to the price being out of the monthly bollinger band is a return of price action to the weekly baseline. That is only some 6-7% away at this point which would be a very minor drop. I would expect the RSI would be bouncing in the shaded area I added which is between 49-53. I don't think we will see that. A more realistic move would be to either the lower limit of the weely bollinger band or the baseline of the monthy bollinger band, which are roughly at the same place (just like they were in the March dump. A long term chart shows how the price action acts when it has popped out of the monthly bollinger band. This isn't crypto, we don't start a parabolic bull market when the price action finnal forces its way out of the monthly bollinger band. With SPX at this long term resistance and in a position where it cold lose a lot of its value I am getting risk averse.
SP:SPXShort
by This_Guhy
3
US Stock Market - Great Short Selling Opportunity - SPX : S&P500I have absolutely no problem with short selling the market and this is probably one of the best short selling opportunities I've seen in a long time. Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
SP:SPXShort
by Michael_Harding
1
S&P 500 Current P/E Ratio: 37.44 - Average Ratio: 14.83Will price per earnings continue to soar?? 🤔 Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
SP:SPXShort
by Michael_Harding
5