Spxshort
SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2900.7(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 2723.5(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
SHORT SHORT SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2900.7(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 2723.5(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
SHORT SHORT SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2882.8(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 0.9319(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
SPY SPX Still Bullish - Nothing Stopping ThisIn theory we are up against resistance here on SPX. But scanning the pissed off comments of most traders who are short and/or missed the train, I say there is fuel for a pain trade higher. With some technicals JUST turning today, we may have many more up days. and with weeklies turning as well, many more weeks of upside.
SPX S&P 500 2 Week ForecastTrump wants to win re-election. Trump can’t win if the US economy enters recession.
The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is using the tariffs to tank the stock market now to force the Fed’s hand.
The Fed meets June 19, July 19, and September something. They don’t meet in August. These next two meetings are important.
I believe the SPX will find a temporary bottom right around this first Fed meeting in 2 weeks, for a 3% decline.
If the Fed comes out with a surprise rate cut in June or July this could send the market higher (not much of surprise as probabilities are now at 80% for a rate cut in September but would still be a surprise). If the Fed does nothing I’d expect more selling & finding new support lower.
If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get that low again though...
Semana importante!Puede que el crash ya haya empezado! / Maybe the crash has already started!
Los últimos serán los primeros... / The last will be the first ...
Si corrige puede que lleguemos al nivel de los 2570 puntos. / If there is a correction, we may reach the 2570 points level.
Debería ser así por la clara divergencia entre el precio y el indicador RSI. / It should be that way because of the clear divergence between the price and the RSI indicator.
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Good luck!
Elliott Wave View: S&P 500 (SPX) Has Resumed LowerShort term Elliott Wave view on S&P 500 (SPX) suggests that it has resumed the next leg lower. The Index has ended the cycle from December 26, 2018 low after a 5 months rally. After topping at 2961.25 on May 1, 2019, it is now expected to pullback in larger 3, 7, 11 swing to correct the cycle from December 2018 low. We are calling the decline from May 1, 2019 as a zigzag Elliott Wave structure. On the chart below, we can see the bounce to 2892.15 ended wave B.
The Index has resumed lower in wave C with potential 100% extension target towards 2702.4 – 2738.4 area. The internal of wave C is unfolding as Elliott Wave impulse structure. Down from wave B at 2892.15, wave ((i)) ended at 2831.29 and wave ((ii)) ended at 2868.88. Wave ((iii)) is nesting and currently unfolding also as an impulse in lesser degree. Wave (i) of ((iii)) ended at 2805.49 and wave (ii) of ((iii)) ended at 2841.94. Near term, while rally fails below 2841.94 in the first degree, and 2892.15 in second degree, expect the Index to extend lower.
Analyzing S&P Bearish Three Drive PatternTiming the market is quite a difficult task, and in predicting tops and fully committing to a bearish trade one must be cautious with their entry and analyze the possibility of different patterns playing out on multiple time-frames. Thus the subjective nature of trading is inherently flawed to push individuals on a majority-biased position with the help of the media and miss-information on technical analysis
What is playing out on the SPX on the weekly appears to be a bearish three drive pattern that is sort of like an extremely stretched pennant that has a peak that will either break upwards or down with force,
However, the SPX now has more bearish stacked positions and the market makers/institutions will attempt to screw them by running their stops to $3020 one last time in the upcoming months before completely demolishing the bulls and actually start plummeting. Not just a 3% drop in a week.
The trade here is a potential short term long entry and ride it to $3020 before converting full on short and analyzing the 1.618 extension down to $2200
SP500 Sitting on the 50MA. Striking Similarities with 2018SP500 Futures are sitting right on the 50MA at approximately 2862 this morning before the open. Striking similarities with the 2018 fractal. The market topped, paused briefly on the 50MA. Upon breaking the 50MA, the market plummetted nearly 392bps in a single session on a red 5 candle (TD indicator), which is exactly what it's setting up to do now. If the 50MA is broken, watch out below.
SP500 Breakdown Near Top of Rising WedgeI've been following, waiting patiently for the breakdown. The market was unstoppable, nothing could shake it. Yesterday's reversal was bizarre, but the breakdown provided a wonderful buying opportunity (short). Further breakdown to come...lets see where we find support.
SPXS declining wedge coming to an end: breakout incoming! SPXS declining wedge pattern coming to ahead in the next few trading days. Watch for a daily close breakout and load up on your SPXS longs. RSI screaming oversold. VIX starting to show uptrend meaning impending volatility. Hold on to your pants.
S&P 500 MARKET CRASH 2019I see the opportunity to sell SPX
it is going down crashly
i think it is the end of up trend
now it is down only
enjoy
if you like my signal please help to like and follow
Thank you
SPX500 Ultra Rare Pattern: The Bear WitchFor the superstitious out there the SPX should be giving you a macabre vibe.
SPX: Breakdown of riding wedge?Abcde labels are unnecessary but used them to identify points. This is very bearish given the wedge began after the significant drop in Dec 2018. Might signal the continuation of a Bear market.
SPX trade idea: Capitalizing on the potentially impending dropIt's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
S&P 500 Triple TopThis is the same thing everyone is looking at, which is why I would be hesitant to put on too large of a short order. A triple top is showing on the chart, and by now everyone and the mother is expecting some sort of retrace/downturn. At the very least I expect some high volatility sessions similar to Q4 of 2018 (see: green circle). Targeting Fibonacci levels as we can see historically they have presented our pivot points almost on the nose. Look toward 2800, 2715 and 2640. It is not clear whether we will see the kinda of crash we saw last year, but a volatile trading environment is expected regardless.
A strong break of ATH will invalidate this idea as we will be in price discovery mode.
S&P500 ALL TIME HIGH IS CLOSE!Hey!
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
NOTICE:
YELLOW LINE : Broken trendline in the middle of the other two.
RED LINE : The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE : Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500.
ORANGE LINE : The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500.
DARK BLUE : The current horizontal support level. ( This is more likely to happen rather than RED LINE )
The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish.
Pst. Click that follow button by the way! ;)
See you soon!
-JJ-
SPX: Europe is kindly ushering in the next depressionRead an article this morning on how tech companies having many european constituents are lagging in decline of their stock price compared to tech companies having many chinese constituents by about 4:1. The article argued that the timing of this lag could result in a disastrous tech bubble here in America. This inspired me to checkout SPX in terms of euros, i.e., SPX*EURUSD. For EW believers, the chart provides a strong indication of how bearish the monster knocking on America’s door is.
FYI: EW count reveals a failed Wave 3 (came in under 1.68 Fib extension of W1) followed by the typical extended fifth seen in such scenarios (1-1.68 Fib extension of length from beginning of W1 to end of W3).
