Spx500short
S&P 500 1W-TIMEFRAME ANALYSISS&P 500 1W-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for SPX
the price will test 3130 daily support
My idea shows the possibility of breaking this support
But be relaxed
Real support is between 2970 and 3030 It would be good to test it
From there we will start the bull market
I hope my idea is clear
Support me by like and share
Good luck
SPX500 and ANOTHER DIP before it goes UP!Hey tradomaniacs,
SPX500 is testing a very great zone to sell as we might see lots of bearish confluence here.
Orderbook still showing bulls to protect the previous buy-zone but now we see more sell-stackings incoming.
We might see another dip down before it actually goes up again.
I still trade SPX500 with my hedge-strategy and use these chances to stack shorts before I go long again if we get confirmation for this idea.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
S&P falling in a accelerated phaseS&P
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The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement
The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel
The index value also falls below the 03 Moving averages and the potential target would be around 3100.00
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Kindly share your ideas and thoughts in below comments section
Time to finish this downtrend and start move for ATHsWith more data available, I am further homing in on the next reversal point and end of Intermediate wave 4. Due to prior projections and EW guideline violations, this forecast should finally find the end. It looks like Minor waves A and B are both completed. I am still projecting a gain early on Monday, but further downward movement during most of the week. All told I am expecting this week to move down at least 209 points from Friday’s close to the low point of this week. This would equate to a 6.31% drop, during the remainder of Minor wave C if it occurred. Minor wave A dropped 7.74% in 40 hours of trading at the beginning of September. This would see Minor wave C dropping 9.30% in roughly 40 trading hours.
The information below is slightly different from a similar forecast I provided earlier this month which at the time assessed Minor wave A to have lasted 40 trading hours, and waves B and C were estimations based on those 40 hours of movement.
What Minor wave A did:
It lasted 40 trading hours (6 trading days) and dropped 277.64 points. The rise over run (R/R) of this was a loss of approximately 6.941 points per hour. On average, A waves tend to make up 36% of the larger wave it resides in (Intermediate wave 4 in this instance). This means Intermediate wave 4 could last around 102 trading hours. At that time of this writing, Intermediate wave 4 is at least 75 hours long with additional time to go.
What Minor wave B did:
It lasted 22 trading hours (3 trading days) and gained 118.45 points. The rise over run of this was a gain was approximately 5.384 points per hour. On average, B waves tend to make up 21% of the larger wave they reside inside. This means Intermediate wave 4 could last around 102 trading hours. This conforms with wave A’s typical makeup of the larger wave as well.
MINOR WAVE C Estimations:
Length: Wave C should last around 40 hours. This is based on wave A making up about 39.22% of the larger wave and wave B providing 21.57% of the larger wave. This would leave wave C to make up the remaining 39.22%, which is also 40 hours. On average, waves A and C in the same wave are almost equal in length. This would also tie the maximum move that has occurred during specific Intermediate and Minor waves (Intermediate wave 4, Minor wave C) in the history of the S&P 500.
Movement: On average, the typical relationship of movement between A and C waves is 0.8632 which would equate to a drop around 3107. Wave B’s retracement of wave A’s movement is typically 0.37909 that of wave C’s extension of wave A’ s movement. This would equate to a drop around 3116.46.
The 5 wave down pattern estimations are based on Minor wave C moving 40 hours and down to roughly 318.92 from the end of Minor wave B. All estimates are based on the average of the average and median for each item.
Wave 1 typically lasts 27.85% of the larger wave it resides in. Wave 2 is around 10.80%, 3 is 36.45%, 4 is 6.33%, and 5 is 17.64%. Wave 1 typically moves 41.58% of the overall larger wave’s movement. Wave 2 is 19%, 3 is 56.5%, 4 is 22.22%, and 5 is 43.69%. This means wave 1 could last 11 hours and drop 132.61 points. Wave 2 could rise 60.59 points over 4 hours. Wave 3 could drop 180.19 points over 15 hours. Wave 4 could rise 70.86 points over 2 hours, and wave 5 could drop 139.34 points over 8 hours. This would have the ultimate bottom around 1230 on September 24 near 3108.24.
Before trading closed on Friday, wave 1 was likely completed. Even though the estimate was for wave 1 was a drop to 132.61 over 11 hours, it appears wave 1 found a bottom at 3292.40 (a drop of 136.52) over 13 hours which is 2 hours longer than forecasted. This could slide all of the following waves to the right by 2 hours. This could mean the market opens high or hits an early morning high around 3350, or wave 2 has already completed and the next 2 days will be down significantly.
Let’s get ready for another week of volatility. My guess is another down week. I still think we will see all-time highs in October before a nice 700+ point plunge beginning in November
This is how the week should play out.My initial projection from last weekend had Minor Wave B ending by the lunch hour on September 17. With more data, my projection has moved to the right a bit.
It looks like the Fed press conference ending Minute wave A and we are in the early stages of Minute wave B. Fortunately it should be short lived. I project this to end with a bottom around 3360 with about 3 hours left to trade on September 17.
Based on hitting that specific mark, I am projecting Minute wave C and ultimately Minor wave B to end around 3470 about one day later. I am still projecting the next down swing to begin before the week ends.
Another looser projection is the end of Minor wave B based solely on Minor wave A's movement. This has Minor wave B ending near the close of trade on September 17. I no longer assess this spot to be the end.
I will write again this weekend, but I am still bearish for the next two weeks before we are ready to test the ATH in mid to late October.
Follow and stay tuned for more!
DXY. P-Modeling Pt Z. Holographic Synchronicity of ChoiceWelcome Hyperspace Travelers.
Listen Carefully and Doubt everything I am about to say..
Watch. Closely. And see what is about to happen.
Bernie Sanders replaces Joe Biden and Defeats Donald Trump
Electoral Victory 84%.
Populous Victory 89%.
Landslide victory.
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STOINKS
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BULLRUN in DXY means DROP in Index-Equities = Global Re-set in Preperation for Roaring 20's.
BEARRUN in DXY means RISE in Index-Equities = Death to Middle Class America.
TRUMP will be re-elected if DXY goes into a BEARRUN. Because Stocks and Index will reach blistering new highs despite the clear separation between greed and commonwealth reality , indicating nothing is going to change in our crumbling world.
Bernie Sanders will be ELECTED IF.. DXY goes into a BULLRUN. Because Stocks and Index will reach blistering new lows, to price in the acute and longstanding crumbling infrastructure of our world.
DXY rising now sets the stage for a healthy long decade long BULLRUN on Index and Equities Assets.
DXY falling now sets the stage for an extremely unhealthy decade long BEARRUN on Index and Equtities after they peak under unsustainable greed, from the utter destruction of the middle class commonwealth.
SPX: 1450 LOW. by Mid November. Potential window in April - March. But sticking to Mid-November for now.
NAS 100: 4000 LOW. by Mid November. Potential window in April if Following DXY.
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FOREX
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BULLRUN in DXY means shorting XXX.USD pairs.
BEARRUN in DXY means longing USD.XXX pairs.
Initiates a Trending Movement in this instance.
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CRYPTO
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BULLRUN in DXY means BTC has a black swan death of -90%. TP $955.00 per BTC.USD
BEARRUN in DXY means BTC has Phoenix Rising of +90%. <---- Not happening until ^^ occurs. By 2023==> $150,000 per Bitcoin.
Stick to the story.
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OIL
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is simply going to single digits again with a Rising DXY, OIL will fall in this case. FALLING DXY, oil will rise in this case.
TP $11.00 Stable.
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-----TRADE SCENRIO---
Long OPGN.
Long UVXY
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Short AUD.USD 0.62
Short EUR.USD -
Long USD.CAD 1.50 -1.55
Long USD.CHF -
Short Bitcoin. TP: $955
Short Ethereum. TP: 12$
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Then come the roaring 20s.
The start of the 4th industrial cybernetic revolution.
An age of prosperity and wealth for everyone.
A redistribution of power and opportunity for all and not just the few.
Happier times are coming...
Please try and be open minded...
The alternative is bad.
Very bad.
Thanks for Pondering the Unknown with Me,
Glitch420
SPX - Bearish PennantSPX is in a bearish Pennant. I'm expecting we break this by end of Thursday 9/17, if not tomorrow 9/15.
I'm hearing a lot of chatter that the correction is over..yada yada.
We are in a notoriously bad month for stocks, not to mention COVID 19 is ongoing, unemployment is still rampant, and most importantly we have a very important election coming up. Markets do not like uncertainty if Biden wins or Trump, it doesn't really matter the market needs concrete data to digest and reflect prices, until then I think we reached the top, fueled by retail traders, stimulus money, 0% interest rates, and of course the moon boys. I do not see a point to go long until after the presidency, I also have a feeling we will get a vaccine or treatment by then. Seems like the bubble already burst, would not be surprised to see SPX go below 3000 before the election. Not to mention the U.S marketcap to GDP ratio(Buffet indicator) is currently higher than it was during the dot com crash, something interesting to consider.
This is not financial advice, merely it is my reflection on what direction I believe the market is heading.
SPX heading down to 2000..On today's close, the uptrend that began in April is now over based on the intermediate term EMA cross. There are several factors which I would conclude are ripe for a major decline in the S&P 500 of which include:
- Upcoming election in the US
- Global economy mired in recession/depression
- Massive overvaluation
- Poor internals
- A few select stocks (FANG) leading the capitalization weightings
- Overall bearish seasonality
We will be taking short -5x ES contracts (-1x SP CME) on Sunday evening. Target is 2000 on the SPX with a slight possibility of a major reset down to 1550-1650 range if the panic is strong enough. VIX 100+ is possible during this timeframe. Buckle up and get ready. USD cash will be the strongest asset. All else (gold, bitcoin, commodities, etc.) are going to get hit BADLY...