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Spxlong

$2940 Must Hold! (SPX)We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951. We want to see the old Resistance become new support for a trend continuation upward for the bulls. The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is. I'd look to find a long term position on a short below 2940 or a long 2950, will play tight stoploss. If support cracks this could be a fakeout and return with a massive selloff. Perfect compression play setup with our Crossover strategy. As of now we are bullish. Time to get aggressive on the spx500. Have a blessed day! 😁 🥇MLT | PRO TRADERS
TVC:SPX
by UnknownUnicorn2319099
7
It's time SPX correlates with economy and society again.Let’s take a step back. What do we see on the bigger picture? Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months. What did we see in those five months? Very quickly declining buy volumes. What did we see after there where too little buyers left? A correction downwards lasting roughly a month. This is also what we saw in February/March 2020. The huge drop in February was enormous and went very quick. The correction upwards, went much slower. And we know: Impulse takes more price than time, correction takes more time than price. And that is what we are seeing here, ladies and gentleman. So we have a very strong (but relatively slow compared to the drop) correction upwards, taking a lot of price(but even more time), where we see the volume is declining much faster than the strong upward moves in 2019. We are having a holiday in many countries now, and a Friday is waiting for us. If, and I say IF, this week would close weak, we could close below the green trendline (support for long time, seems to be resistance now), below the 50 Weekly EMA (and 100 Daily EMA) and potentially below the 0.618 Fibonacci retracement level at 2935. Doesn’t that sound bearish? Given this graph? It starts to look like a good moment for correction downwards. Let the SPX reconnect with the economy and society again, rather than being a de-correlated product of speculation. If not now, then soon. And no, it’s not different this time.
OANDA:SPX500USD
by pptw
2
Critical Move For The Markets. (SPX)We are watching this compression point currently under this horizontal Resistance level. Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line. We hold that as bearish movement. Would like to see it crack and have a nice Retracement. 50% short. Playing roughly 3% stop-loss, we will stay on top of it and see how she wants to move. Have an awesome trading week! Cheers. ✌😁✌
TVC:SPX
by UnknownUnicorn2319099
9
It all comes down to this point - the battle for 2900.We are approaching an exciting moment. A big battle in the far right corner, with SPX retesting the support line it broke out from last week, and meanwhile finding support on exactly the same level on the trendline going from the low late march to the recent low’s early may. A downwards trendline. An upwards trendline. Colliding. And that exactly on the 2900 level. How is it possible? I don’t know. Where will it go? No clue. Should we step in if it breaks out? Hell yeah. The battle of 2900. This is the moment that waiting is more important than action.
OANDA:SPX500USD
by pptw
S&P 500 INDEX (SPX) WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
SP:SPX
by Dinjin
1
SP500 LONG WEEKLYDear Gamblers, Seems that this index is going to take a deep breath and show us some strength. Personally i will trade this with stop loss really far away (due to volatility) so here is the strategy i am going to follow: STRATEGY: Open long IF today closing price is higher than 2500. Target around 2900. Stop 2150. At 2900 i will start to add on shorts as i think this is merely a corrective move rather than a new bullish cycle. Reasons: The recession has still not yet been discounted on the price and it will, believe me. Do not invest now, is not yet the time. Have fun out there, Kind regards, BeniGo. ***I am not your financial advisor neither I intend to be, please do your own research before risking your money***
TVC:SPXLong
by BeniGo
SPX recession or depression? Read!Using this helpful indicator we are able to plot past recession on the S&P index. Including the Tech bubble (dot com bubble) in 2000 and the financial crisis in 2008. Now we are in 2020 and we are struck with a worldwide virus, meanwhile disruptive technology is present (blockchain), with the goal to push for a cashless society. Will the virus be the spark that pushes us into a worldwide depression? I don’t know too much about recessions and depressions but feel free to leave a comment with your knowledge, the main thing you need to know is depressions last longer with larger unemployment rates. Will blockchain innovation literally save the world from economic collapse? Feel free to share your thoughts..
TVC:SPXShort
by Bixley
5