SPX / S&P 500 - DROPWait until price breaks out of consolidation and sell to blue area.. potential to go to orange area but risky
SPXS
Zooming in the SPX. Black Friday incoming? Or Another Bear Trap?One higher high left on the 1H TF? This upward correction looks more like a B than a 2.
2H bearish divergence on the RSI.
1H bearish divergence on the MACD.
Currently at the trend-line. Now or never for the bears?
SPX at the Trend-line. Now or Never for the Bears?2H bearish divergence on the RSI. Currently at the trend-line.
SPX / SP500 - Inevitable collapse incoming...Price is floating around the highlighted area, once broken it will fall to highlighted support or even lower
Divergence is spotted on weekly / monthly and daily... Market Collapse in bound.. ;)
SPY Short DEATH CROSS EminentI believe we will gap down tomorrow AM and the DEATH CROSS will get confirmed on the 30min chart, leading to a nice down day for the bears and ideally a few days of selling..
S&P 500 Index (1H) / Primary EW Count (Green or Orange) S&P 500 Index (1H) / Primary EW Count (Green or Orange)
S&P 500 Index (2H) / Primary (Green or Orange) Beware of the triple ZZ that we propose for the S&P 500 CFD (one of our favorites).
S&P 500 CFD (4H) / Elliott Wave CountsSame applies here: we need to wait and see if we are done with this upward structure or not. Is there an ABC in subwave Z of the triple ZZ (red count)? Looks impulsive. Coming price action is going to be key.
S&P 500 Index (1H) / Primary Apologizes for the change in colours, I will try to keep a more standardized format from now on between the cash and the futures S&P 500 indices. We have a clean 5-wave move in green 1 or red A. Futures are down in pre-market, we might not get our 7th swing to make our pink flat X possible.
The perfect storm for cryptocurrencyI have strong beliefs that the SPX will decorrelate from the cryptocurrency market in future
Potentially when this bearish megaphone breaks down, and the 1.618 bearish wave resumes.
disruptive technology like this carries revolutionary potential, and should be treated as such
Super mario world!
Another idea for SPX :)
Possibly the most important chart right now...Possibly the most important chart right now... especially if you are a bear.
VIX futures still holding.
This is the look of the (bullish) semi-annual candle in SPXThis is the look of the (bullish) semi-annual candle. 2 months remaining before it closes.
S&P 500 CFD / Primary (Red) & 4 Alternates The red count remains my primary as long as the VIX holds its Fibonacci support. 0.65 fib still not breached in SPX futures. All options are on the table. We will not hesitate to switch bullish if the appropriate signals come.
Is the SPX Going to Ignore This Bearish Daily Candle Again? Are the S&P 500 futures going to ignore this bearish daily candle for the third time in a row?
S&P 500: White SMA, GZ and RSI Bearish Divergence on the 8HSPX: White SMA, GZ and RSI Bearish Divergence on the 8H
My Macro Opinion on the US500Once hyperinflation starts and the economic cycle switches from stagflation , interest rates will rise . There will be a MASSIVE restructuring of debt and asset allocation in the U.S. Small caps will go bankrupt or consolidated by the bigger market caps that have the cash to acquire more market share. Consumer prices will rise I think, and the deleveraging process will continue. ( 3 mo yield/ 10yr yield)
16:17:39 (UTC)
Tue Apr 28, 2020
S&P 500 Primary Elliott Wave Count & 4 AlternatesThe five main scenarios are presented here: Triple ZZ in red (primary, super bearish), double ZZ in blue (bearish), simple ZZ in pink (bearish), impulse in orange (bullish), and 1212 in green (super bullish).
SPX medium-term trade idea - LETS MAKE SOME MONEY!This is not financial advice - trade at your own risk
I think we are due for a correction and it is time to take advantage of it.
The 2850-3000 area is a significant Fibonacci level that played a critical role in significant corrections, rallies, and sell offs in the past two years.
I think the market can move in many ways, but I do believe that somewhere around the 3000 area, whether it is 2950,3000, or 3100, we are going to see at least a 5% correction. I am going to take advantage of it with SPXS.
Trading plan
What I know:
- Price is going to correct at least 10% between the 2900-3100 area
What I do not know:
- When
- Exactly by how much
So what how do I reconcile between what I know and what I don't? Scaling!
I am going to divide the capital I am dedicating to this trade to 5 equal portions.
Entry (white circles):
Portion 1: 2950
Portion 2: 3000
Portion 3: 3050
Portion 4: 3100
Portion 5: Price crosses 50MA
Oh yeah, smart guy? What if the price starts trending down before it hits 3000, 3050, or 3100, what then, huh? gotchu! you don't know how trade!
Simple: If I see momentum picking up downwards by looking at the 50MA's direction, RSI divergence, and volume easing down before these price targets are reached, then the portion of the highest target gets carried to the next lower portion. Portion 5, when the price crosses below the 50MA, can be considered the last portion. If at anytime the price crosses below the 50MA line on the 4 hour chart, then I will go all in.
Stop-loss: @ 3200
The 3100 area is another key level. If the price manages to penetrate it then I'm going to take the loss.
Exit (red circles):
My exit strategy will depend on how high the price gets before it starts trending downwards. Similar to my entry strategy, I am going to divide my exit strategy into 4 equal portions:
Portion 1 (Only applies if price penetrates 3000 - not on chart): 2900
Portion 2: 2730
Portion 3: 2630
Portion 4: Price crosses 50MA
Similar to my entry strategy, if I see the price trending upwards at anytime, then the lowest portion gets moved to the highest nearest portion! If at anytime the price crosses below the 50MA line on the 4 hour chart, then I will sell everything.
Thank you for reading! Please let me know if you agree or disagree with me, why, and any suggestions you have to improve my trade.
S&P 500 Index (1H) / Bullish Elliott Wave Count (2)In this scenario, we are working on the 5th subwave of this impulse off the lows (within macro Flat 4 count). We've broken the base channel to the downside. If this is an impulse in progress, it is weak and W3<W1 so we may breach the 0.65 fib retracement and come back down fill the gap left by the island reversal.
