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Spxshort

SPY / SPX short. Are we in corrective C wave? Or larger A wave?Some possibilities I'm preparing for: We finish wave 5 in the wave C down. Then we bounce from there into a wave 1 up. Or this whole down move is part of a larger A wave down, which means there's a lot more left to fall. I'm kind of thinking the latter, but time will tell. Either way, I'm expecting lots of volatile moves up and down, so I'm managing my positions very closely. Lots of risk but lots opportunity! Good luck everyone.
AMEX:SPYShort
by kidsupervillain
SPX Fails Two Support LinesToday the S&P 500 opened at $3,062 and closed at $2,978 for a -4.4% loss in one trading session and its largest one-day decline in the current pullback from all-time highs last week. Other indices, such as the DOW Jones, saw its largest 1-day decline in history, it's fastest 10% drop in history this week, as well as its worst 6-day performance since 1928, just before the Great Depression. I prefer charting the S&P 500 due to it being a gauge of US economic health as well as it being a more reliable indication of how the overall stock market is performing since it tracks more stocks than the DOW, which is comprised of only the top 30 stocks trading on the market while S&P 500 tracks the top 500. As for the S&P 500 price move today: after holding at the orange uptrend support line on Tuesday and Wednesday price fell below it today and reached the red horizontal support line that I've pointed out as a likely target in previous SPX charts this week. Not only did price reach the red line, but price closed below it which shows the level of bearishness from traders over Covid19 fears; what should have been a level where dip-buyers stepped up to bargain-hunt simply did not manifest. Price pushed lower into the close after briefly attempting to rise mid-day and ended up closing at the low of the day which is bearish and usually an indication of further losses to come on the next trading session(tomorrow). Price has now failed to hold above two key support levels which is further indication of just how bearish traders are right now. Normally you would see some kind of bounce, or relief rally, but all attempts to buy this market are swiftly being wiped out by fearful sellers and rightfully so. I'm waiting for the weekly close tomorrow before writing up a more detailed analysis of the market, but considering the moves in prices this week and the deteriorating Covid19 outlook, it's safe to assume that barring some surprise interest rate cut from the Federal Reserve markets will likely be taking another dip. If all hope of a market rebound is resting on Covid19 conditions improving, here are some recent items of news showing that the situation is getting worse, not better: 8,400 people in California are being monitored after commercial flights: www.marketwatch.com Northern California reports first case of Covid19 not tied to travel: www.livescience.com 700 people in New York being monitored for possible Covid19: www.msn.com California's UC Davis sends exposed workers home: www.modbee.com Trump administration considers using Defense Production Act to expand manufacturing of protective masks: www.reuters.com Netherlands confirms first Covid19 case: thehill.com Iran's vice president has contracted Covid19: thehill.com Saudi Arabia halts travel to Mecca: www.aljazeera.com Pope Francis sick a day after supporting Covid19 sufferers: nypost.com CDC waited days to test California's latest 'Mystery' patient for Covid19: www.nytimes.com I don't foresee many traders wanting to buy tomorrow and hold over the weekend given the news cycle this week and the obviously deteriorating Covid19 situation.
SP:SPXShort
by PrepForProfit
2
When Is The Next Stock Market Crash?First of all, I have zero financial knowledge. I am not educated and finance is not my profession. I barely understand your language. I'm only a technical guy. Looking at charts, I have predicted some possible targets of the next stock market crash. The worst scenario begins around $2600's. Hopefully this never happens. Maybe there's only 1% probability or maybe less. According to my analysis, S&P 500 is more likely going back $2600 any time sooner. And i think AMZN will crash more than 50% Not all my predictions are accurate. Nobody is 100% accurate. But, what if I'm right? Are you ready for that? Here are my targets S&P current price: $3103 / 04-Dec-19 1. 3090 - Already hit and please ignore this 2. 3045 - 1.87% / 01-Nov-19 3. 2925 - 5.73% / 10-Oct-19 4. 2845 - 8.30 / 26-Aug-19 5. 2670 - 13.95% / 30-Jan-19 6. 960 - 69.0% / 23-Jul-09 Disclaimer: This is not financial or investment advice. Trade safe, Atilla Yurtseven
CME_MINI:ES1!Short
by AtillaYurtseven
ridethepig | SPX 2020 Macro MapMarkets closing down for 2019 right on time for the 3254 target, focus is now shifting towards event risk positioning into 2020 and participants seem happy to play the reflationary trades. This is an interesting swing to track with US election flows providing the ebb and flow. The flows will now reflect in a lagged currency move with the Year-End repo funding. Smart money is on the back-foot since the crisis from September, the recent spike in DXY is coming from markets pricing another year end spike in funding tightness: There is far better bang for your buck than buying US Equities at these levels, markets trading the final stages of an exuberance leg from the Phase 1 agreement and UK election tail risk and starting to run out of steam. This chart highlights only 4 times in the past 30 years has the US 2's vs 5's curve inverted whilst being in an upward moving yield environment, via Fed QT. As usual thanks for keeping the support coming with likes, comments, questions and etc! Feel free to jump into the conversation in the comments with your views/charts.
OANDA:SPX500USDShort
by ridethepig
29
ridethepig | SPX Market Commentary 2019.13.12An end of year update for US Equities with valuation targets at 3240/54 I am tracking for an overshoot into the 3200 handle to sell into. For those tracking the current flows, the most important chart I have been showing to all clients is the 2s 5s curve: The major top in USD will help for a few months at most, as soon as we enter into the next chapter in the economic cycle it will be too little too late. With tail risks making positioning very tricky, here we have a very good macro chart showing the high bar for any growth shock and how it weighs heavy on risk appetite. All year long expectations around monetary policy easing have been in the driving seat while geopolitics shouts loudly from the sidelines. The protectionism we are seeing is already starting to show effects on global growth and with a soft backdrop the exposure to these shocks enhance. Rotation is in full swing as we see large large hands move from equities to bonds, and from higher risk credit to lower risk, we naturally are seeing a rotation from cyclicals to defensives and finally into safe havens like Gold, Yen and Swiss Franc to a lesser extent. The map is clear that we are still yet to have a relative breakout in Cyclicals vs defensives as shown below: With Yields miles ahead of the moves lately we are approaching a major breakout in US banks, a relative breakout here of the downtrend will be significant going into year-end. On the FX side, USD devaluation will help and yields finding a floor indicate smart money is turning the titanic. It should now be a matter of 'when' rather than 'if' Utilities are going to breakout assuming we do not get any major updates on the impeachment front. Defensives still look relatively strong, despite technical patterns starting to top in things like Consumer Staples: Lastly the infamous Long Term Consumer Staples Chart: Thanks all for supporting these ideas with likes and jumping into the conversation with your ideas and charts in the comments. Good luck those trading US Equities into year-end and positioning for 2020, we will update the chart as we go through the coming weeks with a technical dissection of 2020 flows and targets.
OANDA:SPX500USDShort
by ridethepig
3
SPX500 selloff PENDING to 3070 *history repeats itself* MID-LONG WHEN IN DOUBT, ZOOM OUT! ON the SHORTSELL we're looking at possibility 1-2 (maybe even 3 ATHs on SPX500 index) to follow suit -- a consolidation in what is/will be a a continuation of this bullish priceaction we've been seeing; the same I've been calling for since the start of Q4 yet we are almost at the apex, the mountaintop is approaching which will *(presumably after the holidays)* lead to further bullish priceaction followed by a selloff treading us down toward the $3070.5 area, a bearish dump which should approach fast & furiously if the pink trendline from DEC '17 is any indication, we're seeing a repetition in priceaction that will ultimately lead to a retracement -- though keeping it on the EMA for you forex swing traders , SPX500 has had an UNDOUBTEDLY FANTASTIC RUN THE PAST 2-3 QUARTERS, FOR ALL OF 2019! yet all good things must come to an end. Remember this publication is LONG so although the slope between the green TP line & current price seems miniscule, it could actually take a while (pointless to speculate timeframe) but >30D before it reaches that apex leading us to the selloff @ 3070.5 Great thing about stock predictions is that much less volatility == much more predictability == much less $ROI due to lower risk/low reward. Like riding a bike with training wheels on flat terrain as opposed to riding a mountain bike on gear 10 up everest (forex trading wallst vs forex trading @coinmarketcal) This could very well be fantastic news for $crypto priceaction as (much similar to all other commodities) it parallels precious metals, XAU, etc. as a means of FUD for those looking to liquidate assets in times of speculative uncertainty aka FUD. I'll leave it at that for now. Also, $BNB priceaction looking solid for entry (defer to linked publication below) but I digress. Peace & Love. Happy Holidays & New Years -- will follow up with daily publications (as promised) after the Holidays circa Jan 10-12th. Disclaimer Not financial Advise. Please invest wisely & always set stop-losses. -@a1mTarabichi
OANDA:SPX500USD
by UnknownUnicorn3861629