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Spx500usdshort

S&P500 IN A BEAR FLAG - SHORT ITThe S&P500 index is currently in a bear flag. Indecision and uncertainty about Trump's trade war and overvaluation of US equities has caused this pattern to emerge. We are at the top of the bear flag, an ideal time to short or buy put options on the SPY or S&P500 futures. Recent optimism about a resolution to the trade war is unfounded. I don't think Trump and Xi will agree on forced technology transfer and open markets in China. Xi has too much to loose if he gives in to Trump's demands. Xi would prefer to keep stalling the negotiations until the next presidential election. China needs forced technology transfer from US companies. China has built an economy based on it and I don't think will agree to ending the arrangement. This market could trade inside the rectangle for a while yet before it breaks down to the downside. Short it at the top of the rectangle and hold and wait. A severe drop to the downside could happen at any time, maybe caused by a further increase in tariffs or economic conditions deteriorating confirming the inverted yield curve. The inverted yield curve has confirmed most recessions in the past and should be right again now. With Germany and the UK entering recessionary conditions, this could spill over into the US. On a DCF valuation using 4.5% growth rate in earnings and 8.2% discount rate I get an S&P500 valuation of 2700. If a severe slowdown occurs, this DCF valuation could become lower. I think the S&P500 is overvalued now, further reason to stay short. On the Nasdaq, there are lots of companies selling for PE of 100 or more. Ripe for a drop in share price. You could also short the Nasdaq100 index.
FX:SPX500Short
by victorko
S&P 500 IS APPROACHING RESISTANCE AT 2972 - GET READY TO SHORTThe S&P 500 index may tick up a bit from here as Trump has tweeted that he's going to delay tariffs until Dec 19. However, the additional tariffs will still be applied to Chinese imports. We are in a reaction to the main downtrend. I think the market will climb up to fib retracement 0.764 and hit resistance at the prior low of the uptrend. Sell short at about 2972. The next down leg could be a sever move as all hope of a trade deal dissipate. On a DCF valuation, this market is way overvalued. Expect the next move down to be as sever as the first leg down. I don't expect any meaningful deal between US and China on trade. It is about forced technology transfer which Trump will never give in to. I suspect it will play out with higher tariffs being enforced and US companies exiting China for cheaper countries to manufacture. This down move has only just begun ...
FX:SPX500Short
by victorko
1
SPX Expanding Triangle. Pivot pointIn the weekly chart we observe another touch on the expanding triangle. I am trading the following scenarios: 1) Short. If this scenario is right, expect considerable retracement, following the direction of the red arrow. For me, it is the most likely scenario right now, and I am in aggressive short in SPX500 futures, and long in VIX. There is very clear bearish RSI divergence on the weekly chart, in an expanding structure.Stop above 3040 for the following week. 2) Long. If the expanding triangle is broken to the upside, in the retest of the trendline is time to go long. Be ready, this could very well happen. The R:R for this trade is stunning. I will take partial profits if the downtrend is confirmed at important supports. 2967, 2800 and I would turn eventually long with stops below the long term trendline.
OANDA:SPX500USDShort
by blondengineer
Forecast S&P 500My earlier forecast of a dip has not yet happened. The market did not respond to the turning of the moon cycle. This is strange. A fall should occur later this week.The fall does not have to be large but should at least be 50 points. The market is psychologically very strong and some trigger in the opposite direction is needed - Chinese retail and GDP data later today Monday - German economic climate and US housing data on Tuesday - Overreaction by the US in response to China.
OANDA:SPX500USD
by Mats000
SPX500 breaking channel - Possible Big ShortSPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade. As this market is bearish trending and momentum on all across higher time frames supporting the view, so keep watching this market for a big trade opportunity. Trade Safe!
FX:SPX500Short
by UmarAbdurRehman
4
SPX500 approaching support, potential bounce! SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:SPX500USDLong
by Tickmill
SPX500USD has broken out of its ascending support line!SPX500USD has broken out of its ascending support turned resistance line where it could potentially drop further. If it breaks past its support at 2662 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support), it could fall to its next support at 2630 (100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support). RSI (89) has broken out of its corresponding ascending support line. Ichimoku cloud is also seeing bearish pressure which contributes to our bearish bias.
OANDA:SPX500USDShort
by ICmarkets