SPXS
Is History Rhyming?I posted this idea last year and I've been amazed at how similar the giant broadening formation has rhymed from the 60's-70s. I have several other forecasts that involve at least a 50% retracement from the March rally and this helps to paint that picture quite well. Will the Fed step in more heavily if we have another sell off? Does history repeat and we break up into a hyper bubble? One of my forecasts involves us retracing the entire corona rally and taking out March lows. I believe the Fed would step in very heavily in such an event but what happens if we retrace just 50%? Keep an eye on this giant broadening pattern and be prepared to change your bias based on which direction we break. Eventually we're going much lower or much higher.
Original forecast from Nov 19:
Time to H.O.L.D F.A.S.T ?I am seeing weakness in stocks with a loss of momentum and volume. There are several interesting red flags I'm observing at this time on many of my indicators.This is just one of many but it shows the percent of s&p stocks above their 50-day moving average. It can serve as a leading indicator and should be observed with a comparison of the index as well as a stoch/rsi or momentum indicator. We can stay in creep mode for a while but I'm expecting a drop soon. I'm not certain if it'll be a lower low (than March) or just a mild 10-15% correction but we should know soon enough. Time to hold fast.
Breakout or Reversal? It's Almost Time! (SPX500)It's almost time to see if the market want's to continue this rally or reverse off the previous top.
The month of August is going to be a hot time to make some big boy decisions for your portfolio.
3391 keep your eyes on it and watch that trend. Stay patient.
Hyper inflation SPXAn idea for SPX
MA's can be seen to converge then lead to a large bull run
this can be seen to have recently occurred will it lead to another bull run regardless of covid?
How Long Till We Test Highs? (SPX)Everything on 3day continues to shoot green across the board on the spx500 with nice size candle.
Since recovery we have only had one major potential transition (green arrow)
All indicators have nonstop continued to go green.
The only resistance is the previous high before the crash, will we make new highs or set up for a massive selloff...
This will get fun.
Outsmarting Your Opponent Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows.
📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the large names are flip-flopping. This is a good example of the 'end game' in an economic cycle, volatility expands to historic levels and there is no room for emotion.
Here we are going to start to see VIX lead the way and direct the Global Equity flows in a violent struggle to the downside. I can only recommend that those who managed to catch their slice of the pie on these difficult legs higher start to unwind, while those who are actively looking for more pain - start to position accordingly.
A good plan now would be seize the hotly contest 10,500 in NQ which will open up the central battlefield:
I really like the above diagram, although there was at this point a chance buyers would tactically run stops with additional fiscal stimulus. This is of course more the logical move, because Uncle Sam and the Whitehouse generosity is losing tempo, meaning that the downside is ripe for a swift invasion!
For those who remember the moves in DAX, there is no doubt that the complacent environment in Q1 is completely the same in Q3.
Buyers are going to commit the strategic error of going overboard thinking that 'stonks only go up' ...while Keynsians economics is reaching the final stages as we witness in real-time that supply chains and demand are not set up in such a way that covid and lockdowns means turn the printers on full and business as usual society will resume. It is only making the inevitable a lot lot worse, Oct Puts look very attractive.
Sellers to move. Ask yourself how should we punish our opponent for having been so complacent during his last few months?
As usual thanks for keeping the feedback coming 👍 or 👎
NDX to SPX ratio - tech wreck 2.0?Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the markets. I'm looking for some type of cycle trough in the markets in the next 2-3 months. While I seriously doubt it's going to be a lower low (than March low), it's not off the table. Cycle lows occur very quickly whereas cycle peaks roll & roll. March is a great example of just how quickly cycle troughs can occur. We witnessed the fastest & deepest drop in market history this year which proved to be a fantastic buying opportunity. Let's see what the markets offers next. Another correction in markets might be met with even more life-support from the Fed.
Ignoring Everything SPXSPX does look very bullish under the (1/1) Gann line, in an attempt to reclaim it.
It is comparable to one of the alt coin market charts i have made.
Seems pretty destructive of logic. Honest
Furthering my bullish argumentBroadening Wedges on SPX
interesting comparison to 1974 stock market crash
A broadening wedge formed during that period of time and led to a large bull run
A broadening wedge is forming again
Depends on how long you want to go, I wouldn't be waiting for lower prices though as ANOTHER broadening wedge has formed above the current one. Just go long and wait. Patience pays.
🤔 Crunchtime! (SPX)💰 LET'S GET INTO SOME SPX 500 ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷 Neutral
- 3day Chart
- Candle Doji Compression
- 2/3 EMA DOTS Red
Is corona wave 2 on it's way? I hope so lol. This week will tell us some critical signs to take with us in the market next week. Stay alert as we could be experiencing early signs of trend change.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
SPXS Long With Corona Virus SpikingI believe that SPXS will rise as the S&P Index begins to fall. Corona isn't gone, and we are under extremely inflated market conditions.
🤔 Searching For Buyers. (SPX)😁 Similar to oil as the upward major support has been broken. The 3day is starting to curve.
Daily Timeframe
Crossover Strategy: Red Crossover
The EMA Dots: 3/3 Red
Support Level: 2941
Resistance Level: 3213
A break below support I think we would see a major correction.
Have an awesome day! ✌
🥇MLT | MAJOR LEAGUE TRADER
The Squeezing Point! (SPX)🤔 Might be about that time!
Spx500 ascending wedge coming to a Squeezing point.
Line up the Crossover strategy and the ema dots, take entry and play the breakout.
Easy calls.
Good luck! 🎲🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Green pill or Red pill ? Green count is bullish
Red count is bearish.
Either way, i expect a reaction at the $3K area.
$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
SPX Short Bias Remains.. 13:27:23 (UTC) Fri May 22, 2020SPX Short Bias Remains..
13:27:23 (UTC) Fri May 22, 2020
Is the S&P 500 Index that Bullish? The S&P 500 Index is currently on the rise after filling the first gap at 2775, confluent with the 0.236 retracement of suggested impulse 1 (green count).
If futures remain intact, we are going to gap up and avoid the little GZ here.
My expectation for the S&PI expect the S& P500 going down to the 2812.2 level if break the trend line however if respect the 2839 level can going up to 2861
Probability for the S&PProbability for the S&P going up if the price break the 2818 ZONE however can respect the ORANGE zone and going down to the 2804
Did We Bottom in the S&P 500?Bullish:
5 waves off the lows;
Some huge caps are bullish (AMZN, GOOG...);
Prices squeezed between the daily and 4H Vegas waves and still not dumping;
Hidden bullish divergence on the 12H RSI;
Daily RSI bear market resistance around 50 seemingly reclaimed.
Bearish:
Geometry is horrible (upward pitchforks median lines untouched, prices channel well);
Volume is anaemic;
June VIX futures at support.
