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UVXY bounces on pre-March 2020 crash supportUVXY which is a 3x leveraged etf tracking the VIX(volatility index or in simple terms fear in the market) has bounced from the pre march stock market crash support of around $10.5. The RSI has registered higher lows while the OBV looks like more shares are being accumulated. Plus the trading volume has increased considerably over the past few months. Possible reasons for more upside: 1. Short term correction in S&P after the long 2020 bull run despite the economy being in shambles. Also the greed index is very high with wide consensus that the market will keep going up forever. Possible rotation of large investment bank funds from equities to safe havens such as gold and bitcoin. 2. New stimulus bill not being passed for $2000 instead of $600. 3. Trump not conceding & other election uncertainties. 4. Iran & Israel/US standoff. Israel submarines and US aircraft carries are near the strait of hormuz. 5. China & India standoff. China deployed large amounts of radars & air force personnel in the Ladakh border. 6. Another country wide Covid shutdown due to a new strain. 7. Vaccine delays or issues of unintended side effects 8. Trade wars affecting supply chains. This is already happening. Possible reasons for downside: 1. Fed injecting more magic money into the system. Suggestions: Buy some January & February call options . Do not hold this long term. It has a high decay due to being 3x leveraged! Move funds into undervalued sectors such as commodities. Note: This is not financial advise. Please do your own research.
CBOE:UVXYLong
by CryptoPaily
7
SPX is facing bullish pressure, potential for more upsideDescription: Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 3639.9, with 1st resistance at 3783.0 as a possible target. Failure to hold above pivot at 3639.9 would see price swing the other way towards 1st support at 3590.3. Pivot: 3639.9 Supporting Points: 38.2% Fibonacci retracement, 61.8% Fibonacci extension, Graphical overlap support 1st Support: 3590.3 Supporting Points: Graphical swing low support, 61.8% Fibonacci retracement, 127.2% Fibonacci extension 1st Resistance: 3783.0 Supporting Points: 161.8% Fibonacci extension Trading FX & CFDs carries high risk.
TVC:SPXLong
by M4Academy
No Election Winner For Weeks, No ProblemElection day is finally here. My wave projections have changed a little, but not for the worst. I previously suspected us to be near the end of a major Grand SuperCycle, but I no longer believe that is the case. I shifted some of my waves around after running multiple tests and found a different mapping of the waves provided for more consistent ratios of wave lengths and movements. I previously had the “COVID crash” ending at Cycle wave 4 and leaving us about 18 months to complete the final Cycle wave 5. I now have that bottom in March ending Cycle wave 2 after it began in September 2019. Furthermore, instead of Cycle wave 1 only lasting a few years (2009 to 2011), I now had it run 9 years (March 2009 to September 2019. This all means the major market crash I was projecting in 2022 is now pushed to 2030 or later. Also, we are in for a major market boom beginning this December. But first, we must move down. The next few weeks will likely be difficult as we wait for results, legal challenges, and other circus acts. I believe we are in the early stages of Intermediate wave 2. The top we find today, or likely found this morning will be the end of Minute wave 4 and we should find the end of Minute wave 5 / Minor wave A on Thursday around 3150.39. We should tick up for Minor wave B until around November 20 with a top around 3384.68. We should finally end Intermediate wave 2 in mid-December (Dec 14-17) around 3024.09. THE NUMBERS Why those levels on those dates? Intermediate wave 2’s typically retrace the length of wave 1 by 34.49%. This would have wave 2 lasting about 48 trading days. Of those days, wave A normally comprises 37.55% (18 days), B is 25.20% (12 days), and C is 37.24% (18 days). Intermediate wave 2 typically retraces the movement of wave 1 by about 45%. The minimum retracement over the past 88 years is 28.84%. I am conservatively sticking with a retracement around Fibonacci 38.2%. This would have wave 2 ending around 3021.44. Wave A typically accounts for 77.9% of the wave’s overall movement which would equate to a drop of 399.46 or a bottom around 3150.39. Wave B makes up 45.69% of the total or a rise of 234.29 points with a top around 3384.68. Finally wave C accounts for 70.32% of the larger wave which is a drop of 360.59 with the bottom around 3024.09. REAL WORLD CAUSATION Why the roller coaster? Lack of a clear winner tonight will likely cause some anxiety, additionally multiple states will not have all ballots counted until early next week. We may get the first glimpse of a projected winner after that but Congress must make it official and the lawyers on either side will likely be busy. Right now, Electoral College vote is set for December 14 and the lame duck Congress would certify shortly after. Once the winner is declared the jubilation will begin. I think I know who wins based on the trajectory of the market. We are about to start Intermediate wave 3 in Cycle wave 3 in Primary wave 1. This will lead to huge gains on continued cheap debt. The market is working on its day of reckoning when debt will be due. This date will be catastrophic, especially if we have another decade or more of cheap debt to rack up. Beyond 2030 will certainly see a prolonged great depression, but worrying about that now is unnecessary as the event is inevitable. If the index moves above 3466 before it drops below 3234, my projections and even wave structure could be wrong. We shall see. Let me know where you think this mess is going. Thanks for reading.
SP:SPXShort
by StockSignaler
1
S&P500 Performance In US Election. What to Expect This Week?Only two days left until the elections and Wall Street is bracing itself for the next president of the United States - Trump or Biden. US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. Last week, the S&P 500 has taken its deepest dive, dropping 5.5%, while the US GDP increased by a surprising 31%. Below is my previous analysis of S&P500 and how Elliot Wave prepares us for the crazy decline. What to expect during the week? The chart above shows that SPX decline is still making an incomplete five-wave impulse sequence. The price is expected to keep heading lower and selling the rally after a short-term swing higher is ideal. The price has the potential to retest the lower boundary of the channel to complete the bearish sequence. What's your view on S&P500? Let me know in the comment. Safe Trading! Veejahbee.
OANDA:SPX500USDShort
by Veejahbee
2
Macro Bearish Trend on US Dollar IndexThe scenario above is an incredibly bearish macro trend I have noticed in the US Dollar Index. The base trendline shows a convincing downward trend that has been forming since the start of the 1980’s. Peak 1 shows us that the strength of the USD was at a peak of 164.72 in March of 1985, representing a +94.37% increase that occurred over the course of 1,796 days. The crash that followed was the longest experienced in the trend, representing a -52.44% loss over a 2,832 day period. Peak 2 shows us diminishing strength over the longer-term and peaks at 120.33 over the course of a 3,196 day bullish run of +55%, followed by a crash triggered by the 2000 bubble. The crash lasted 2,465 days and represented a loss of -41.04%. Peak 3 is in the midst of forming and if my analysis is correct, it represents a bullish run of +44.4% over a 4,354 day period. The predicted crash will run the course of 2,072 days and represent a loss of -40.2% from the peak experienced during COVID-19 market crash on the day 03/23/2020. My prediction for the index is that it will continue to downtrend towards the first major support and then begin to enter a resistance phase, possibly showing signs of recovery sometime between December 2021 and December 2022. The Index will break the support zone and slide past the final support zone towards my target price. The target price is 61.96 on December 1st of 2025. I noticed a relationship that as the index has moved through time, the bullish run on all 3 peaks has increased in duration but has decreased in the total percentage change. For the bearish scenarios, all 3 have decreasing durations but also have decreasing percentage changes. Recently over the past 6 months, the dollar index has been moving in a fairly close to perfect negative correlation, in which the dollar index is rapidly losing value as equities are climbing to all time highs. There have been other examples of this negative correlation at play, such as when the dollar index was on the rise as the Dot Com bubble was playing out. These negative correlations never hold up and the markets always follow in the direction of the Index or vice-versa, which leads me to believe an inevitable crash is on the way. I will be doing another post on the correlation between the S&P 500 (SPX) and the USD Index (DXY); showing exactly how I think this could play out.
INDEX:DXYShort
by timludman22
SPX500 and ANOTHER DIP before it goes UP!Hey tradomaniacs, SPX500 is testing a very great zone to sell as we might see lots of bearish confluence here. Orderbook still showing bulls to protect the previous buy-zone but now we see more sell-stackings incoming. We might see another dip down before it actually goes up again. I still trade SPX500 with my hedge-strategy and use these chances to stack shorts before I go long again if we get confirmation for this idea. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
OANDA:SPX500USDShort
by Trading2ez
28
S&P falling in a accelerated phaseS&P ---------------------------------------------------------------------------------------------------- Good day friends Hope you all like our analysis do follow our profile so that you can get every new updates and trade related tips and ideas ---------------------------------------------------------------------------------------------------- The S&P was declining in a accelerated phase as compared with the recent stocks rally .The deeper correction has started on September 03 And the index value fall below the .50 Fibonacci retracement And even felled below the 0.618 Fibonacci retracement The series of Higher high , Lower low , Lower high and Lower low pattern was forming in a downward parallel channel The index value also falls below the 03 Moving averages and the potential target would be around 3100.00 ---------------------------------------------------------------------------------------------------- Kindly share your ideas and thoughts in below comments section
TVC:SPXShort
by forexorbit
Somebody is hammering the close on SPX and price is dumpingLook at the 3 minute chart below because Tradingview doesn't accept posts with a timeframe less than 15 minutes. It is apparent that people have started to sell the close and there is not enough buying activity at the open or over the course of the day to keep the price up. A lot of traders appear to be exiting their positions at the last 3 minutes of the day. The volume SMA is set to the default of 20, so it when our closing volume of the day is 4.5 or more higher than the last 20 periods and the last hour is the busiest of trading it seems that smart money is selling into whatever strength it can find. On the 15 minute chart the volume for the last candle easily reaches 10x the last 20 periods To zoom out even further to a dialy chart we see a bearishly engulfing candle that put price action back to where we were a month ago and the On balance Volume is below both the 10 and 20 EMAs. This occurs with the Multiple Time Frame Volatility Stop has flipped to bearish. this is generally a bad situation for the bulls. I put risk on with SPXU on 9/3 and I intend to hold that till I see SPY out of the monthly bollinger band. If i see the MTF Vstop flip on me first I will re-evaluate.
AMEX:SPYShort
by This_Guhy
2
S&P 500. P-Modeling Pt C. The Cybernetic Industrial Revolution Welcome Hyperspace Travelers... I have been eagerly awaiting you.. This is the long anticipated Part B 2.0 (C) of my S&P chart. In order to understand my Part A chart of the S&P500 . It is extremely necessary you go through all the snapshots of Part A. I warn you it is ungodly long. But if you want to understand more.. Please see Idea. PLEASE SEE IDEAs ABOVE BEFORE CONTINUING^^ This is Part B. It was released recently. But I decided to clean it up and re-release the corrections made. This is the SAME chart as PART A AND B.. These are all the SAME fractals used. This Idea is based on a 1 Hour Time-frame. Fractal Timing Error Allowance: No Allowance Left. (we used our error allowance Part A.) Timing Correction was 14 days, not 7 days.. Fractal Began Execution of narrative. Thus placement of fractal window is now open. Glitch channels are now placed. Little room for error. ___________________ In Part A (press play), you will see Except, I took that 2008-2013 sequence, inverted it and I scaled it by Cube -1. Please see placement of Yellow Global Fractal Line in Part A. This is the big yellow fractal I have sitting on the bottom half of that chart. 2008-2013 structure will be followed once more. Except we had to account for error. The placement of the original fractals were not moved in Part A and in Part B and Part B 2.0 (This one). The static fractals guide formation of the glitch channels. So I decided to Trade SPX 500, using UVXY. I have actively traded UVXY based off SPX 500. My entry was 19.6 and today we hit about $30.00 UVXY Target is $215. VIX is about $135 The inverse correlation between UVXY and SPX500 is < .96 > Extraordinarily powerful. See for yourself. _________________________________________________________________ Part A was legendary for me. I was able to bag some seriously awesome trades < Entry > @ 3003 & 3136 with a proper < Close >@ 3335 & 3368 respectively. However, I did unsuccessfully and prematurely call the 'top' multiples times after we had fallen to 2200 and had the First Stimulus Package rally. Too be honest, I am surprised we almost blew past 3400. That was incredible. But, looking at the laid path now.. I can see why. Furthermore, you must understand that dynamic time-series based analyses are continuous. The structure is simply laid out. I tried to be as clear as I could, but this formation is considered a Black Swan Event. A Black Swan Event is a cyclic reset of global asset classes in order to achieve a new baseline shift. Catalysts for the Black Swan Event: ______________________________________ -Wave Two of Covid-19. -Eviction Crisis -Systemic Bubble Collapse from Horrendous US Presidential and Congressional Policy. -Presidential Transition -Major Disruption of Industrial Chains from Covid-19. -Debt Crisis -Healthcare Crisis due to Covid-19. -Collapse of Economic Institutions ______________________________ SPX 500 Low: $1450 by Mid-November NASDAQ lows: $4000. BTC lows: $955 --Idea Active-- Global Black Swan Events will lead too... ____________________________ Major Transition of Power: It is my dearest held belief we are going to see the end of 2020 be a crazier time period than the start of 2020. Right now. It's Trump vs Biden. Horrible Choices. Thankfully, I deeply believe... Bernie Sanders will REPLACE Joe Biden and defeat Trump in the 2020 presidential election by a LANDSLIDE victory of almost 83%. Trump will be forcefully removed from the White House after his loss. Republican will lose both the House and Senate. Of course I simply eat too much acid, as everyone suspects and none of these events will come true. ;) or will it.. Come for the Art, Stay for the Laughs.. :) Buckle Up though... The spring into the 4th industrial revolution is upon us.. But first... The Execution of the Global Black Swan Event.. Happy Hunting.. Thanks for Pondering the Unknown with Me, Glitch420
SP:SPXShort
by Glitch420
38
[SPX] Market Treasure Map: How We Get to 1550 in 2022!Prepare for a wild journey my friends! B) Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern. Now Price will fall back around left shoulder levels around major S/R. Coronavirus just sped up what was already in process... the 4-5 year pattern that fundamentally aligned with the expectation and likelihood of an oncoming recession in 2021 pre-COVID. So that pattern will be cut short and peak around the New Year. It is at this point... after the default (mortgage/auto/college), eviction, real estate and virus crises culminate in an ultimate crescendo (and maybe a banking crisis as well if we're lucky!)... we will steadily drop to ultimate market bottom in Spring 2022. We are in the midst of a massive bubble brought on by tax cuts for the wealthy and Big Business and the following massive Stock Buyback and Wealthy People Liquidity programs. Many big name trader people and a fair number of TView commonfolk have been calling for 1400-1600, even some exactly calling 1550 right at the strongest trend convergence point... I think this is a snapshot of some of the data they were basing those predictions on. The difference is the data is now revealing a potential period in time for this bottom. The red lines represent the top of the 38Y trend channel with a bit of overshoot. The purple line is the is the 38Y Market Baseline Trend. The magenta (?) horizontal lines are the strongest 20Y S/R channel and capture the 2Y peaks in both 1999-2000 and 2007-2008 and the 2011-2012 period. The white uptrend line is the strongest S/R for both those previous peaks and coincides exactly with the predicted bottom of the Megaphone pattern. As is typical with this pattern when it reaches the end, Price will fall even further below and be caught by the strongest 20Y S/R and 38Y Market Baseline Trend all converging with a major downward S/R (other white line). I think the gravity of this point on the market map is very high and the depravity we've seen our society degrade into will finally become too great to ignore and reach a breaking point. Sacrificing the People at the alter of Profit gets you some quick wins for the first few decades but it can't last forever. What is to be rebuilt, must first be torn down.
SP:SPXShort
by ProfitHarvest
35
Classic Diamond Top Reversal Pattern Forming - MUST READ!This is a classic diamond top reversal pattern. As we have now closed the Feb gap we start to go down finally. We will then bounce around within the diamond before finally heading down to our Buy Zone which is measured by subtracting the height of the diamond from the estimated break down point. Amazingly this point coincides with the green long term support line formed by the support created at the bottom of BOTH the 87 and 2008/09 Market Crashes; AS WELL as the green dashed resistance turned support of the Dot Com and 2008 Market tops!!!
TVC:SPXShort
by Corrupt_Economy
2