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Spxshort

SPX, Expanding Triangle telling us going short?Since the beginning of the year 2018 the index S&P 500 is more or less in a very big correction formation called "expanding triangle". So that is a horizontal correcting wave which in this case is symmetrical (top rising, bottom declining). In my opinion we are still in a bull market, so i think it will be "just" (30%) correction in the S&P, before we start a new rally like in the years 2016 to 2017. When this analysis should fit, we could go to 2100-2200 points. Its likely that the reason is that the FED is waitin with their rate cuts and Xi & Trump will fight again, cause of their trade-war. The markets expect now the best of the best cases, but that wont happen in my opinion. So we will see. But one thing: when the market has dropped to the to "E", the FED will cut the rates to help them go further up and up. And also Trump could make a "fake" deal with Xi, so just that the markets go up that much that he has a well doing stock market in his election-time ;-) My theory ^^
SP:SPXShort
by swissyoungtrader
6
$SPX to have a major downside move? [Dating back to 1987 - 2019]Using Elliot Wave theory dating back to the 1987, the Elliot wave theory would have predicted the stock market crash that occurred during 2000-2001. After over 9+ years of a consecutive bull run, we seem to have a similar formation in our markets that replicates almost of what started in 1987. Could we be topping out to what timing seems to correlate with bad economic fundamentals? Stay tuned to see how this plays out
SP:SPXShort
by KennySniper
1
SPY DISTRIBUTION - Wyckoff Phases - SHIT IS ABOUT TO HIT THE FANMe applying the wyckoff distribution phases to spy. Below is a description of everything on the chart. I know it is a lot but it is well worth reading. the mind is a terrible thing to waste. Please check related ideas link for more information into wyckoff and this distribution phase. THIS IS BASED OF THE WYCKOFF DISTRIBUTION PHASES. Phase A: Phase A in a distribution TR (trading range) marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon diminished volume. However, the uptrend may also terminate without climactic action, instead demonstrating exhaustion of demand with decreasing spread and volume; less upward progress is made on each rally before significant supply emerges. In a redistribution TR within a larger downtrend, Phase A may look more like the start of an accumulation TR (e.g., with climactic price and volume action to the downside). However, Phases B through E of a re-distribution TR can be analyzed in a similar manner to the distribution TR at the market top. BC: buying climax during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. (trading range) Phase B: The function of Phase B is to build a cause in preparation for a new downtrend. During this time, institutions and large professional interests are disposing of their long inventory and initiating short positions in anticipation of the next markdown. The points about Phase B in distribution are similar to those made for Phase B in accumulation, except that the large interests are net sellers of shares as the TR evolves, with the goal of exhausting as much of the remaining demand as possible. This process leaves clues that the supply/demand balance has tilted toward supply instead of demand. For instance, SOWs are usually accompanied by significantly increased spread and volume to the downside. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. (trading range) SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. Phase C: In distribution, Phase C may reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move. Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY. Often demand is so weak in a distribution TR that price does not reach the level of the BC or initial ST. In this case, Phase C's test of demand may be represented by a UT of a lower high within the TR. LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest. UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element. Phase D: Phase D arrives after the tests in Phase C show us the last gasps of demand. During Phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR after a UT or UTAD. There are often multiple weak rallies within Phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions. Anyone still in a long position during Phase D is asking for trouble. Phase E: Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
AMEX:SPYShort
by Oppollo
11
SPY SPX ES1! Stay LONG - More Rally to ComeIf you've been following me here, you've been long and enjoying the rally. New highs were inevitable. I still see a lot of bearishness and people picking spots to short - which tells me this market may go higher than anyone expects. More importantly, the obsession with looking for short spots tells me bears won't get their big crash delivered to them on a silver platter at the next high. More likely, we'll make highs and then just chop around sideways to work off the overbought condition. This would be a frustrating pain trade for many. I've posted my trades and more analysis live on my twitter @marketmind3
AMEX:SPYLong
by marketmind3
TRADERSAI A.I. Powered Model Trades for Today, WED 06/19When Everyone and Their Grandmother "Knows" What the Fed and the Market are Going to Do... When everything looks and feels so obvious and everyone knows what the market is going to do ("Fed indicates they are going to lower the interest rates soon, and the market rockets upwards", of course), it might be time to pause a bit and let the noise settle down. The above chart gives the Aggressive Intraday Model trading plans for today. Please check out the full plan on our website. Good luck with your trading today! #ES #SP500 #SPX #SPY #Fed
SP:SPX
by TradersAIDotCom