Spxsignals
S&P500 Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bullish as long as the price trades above the middle (white line) of the Channel Up, (B) Bearish if it breaks below.
Target: (A) 3600 (Higher High of the Channel), (B) 3450 (within the 0.5 Fibonacci and former accumulation level).
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S&P Trading PlanPattern: Channel Up on 4H.
Signal: Bullish towards the Higher High trend-line and roughly a +15% extension from the top. Bearish after that towards the 4H MA50.
Target: 3,530 and 3,465 respectively.
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S&P500 Sell SignalPattern: Higher Lows on 4H.
Signal: Sell as the price has completed a +2.20% bullish leg.
Target: 3375 (0.618 Fibonacci retracement level).
Most recent S&P trade:
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S&P Trading PlanPattern: Bullish Megaphone
Signal: (A) Buy as long as the 3200 Support holds, (B) Bearish if it breaks.
Target: (A) 3325 (just below the Higher Highs trend-line), (B) 3150 (just above the Higher Lows trend-line).
Most recent signal:
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S&P500 Sell SignalPattern: Ascending Triangle
Signal: Bearish as the price got rejected on the monthly Resistance and is printing a bearish MACD formation.
Target: 3090 (contact with the Higher Lows trend-line 1).
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S&P Trading PlanPattern: Channel Up on 1H.
Signal: Bearish as the price got rejected on Resistance 1. Bullish where the Higher Low trend-line crosses on the Support 1 & 2.
Target: 3,168 (Resistance 1) and if broken then the Resistance 2.
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Most recent S&P signal:
S&P500 Sell SignalPattern: Resistance/ Support trading.
Signal: Bearish as the price is testing the Resistance Zone.
Target: 3080 (just above the Symmetrical Support).
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Most recent S&P signal:
S&P Trading planPattern: Channel Up within a Bullish Megaphone.
Signal: (A) Bearish as long as the price is within Channel Up towards the 4H MA50. (B) Bullish if the Channel Up bounces near the 4H MA50. (C) Bullish if the Higher High trend-line of the Channel Up breaks upwards. (D) Bearish if the Higher Low trend-line of the Channel Up breaks downwards.
Target: (A) 3050, (B) 3140, (C) 3190, (D) 2930.
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The S&P to Silver ratioThis is an interesting one. The relationship between S&P and Silver has been quite cyclical. Twice has Silver outperformed S&P in gains, lasting around a decade each. S&P has outperformed Silver from 1980 to 2000 and then from 2011 until today.
The Golden Cross formed at the end of 2017 is an encouraging sign that S&P will continue to outperform Silver however the parabolic curve has started to trend sideways (dashed curve). Once this curve breaks, we can continue longing this as S&P will extend the dominance. Otherwise it will be time to get in on Silver for 3-4 years until the mini cycle is over.
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[SPX] Prepare for the Reckoning! June is Gonna Be Ugly.Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast.
Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least.
Green lines are support but decent chance it'll plumb new lows for a few days at least. Fed and vaccine hype can't keep this thing afloat forever on it's own.
S&P500 Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bearish as the price is near the Higher High trend-line of the pattern. (B) Bullish if the Channel Up breaks above its Higher High trend-line.
Target: (A) 2830 (just above the inner Higher Low trend-line). (B) 3100.
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S&P and GOLD during the subprime crisis. Will history repeat?This is not a trading advice, just something interesting I want to discuss with you all.
A lot of analysts claim that the COVID outbreak will put global economies into recession and that we are at the beginning of a Crisis similar to the 2007/08 Subprime Crisis. Gold has been the standard of "Store of Value" and one of the biggest winners of 2019 as well as 2020 (thus far). If we are in a "Subprime like" crisis on stocks, what are the implications for a safe-haven like Gold?
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Looking at S&P's 1W chart we can find a relation (so far) as following the late-February/ early March 2020 crash, the market broke below the MA50 but recovered and is at the moment testing it as a Resistance. Similar to what happened in April 2008.
At the same time Gold had a disappointing March as it was sold off aggressively along with the stock crash. Contrary to S&P, it found support on its 1W MA50 and has been rebounding since (making also a new marginal High). Similar to what happened in April/ May 2008 (with the exception that it almost touched its High).
During the Subprime Crisis both S&P and Gold collapsed to new lows; S&P brutally erased the gains of +10 years while Gold even though it broke below its 1W MA50, it only marginally broke its 12-month lows.
So if history repeats itself and S&P tanks during the COVID crisis, will Gold break its 1W MA50 but respect its 12-month support? It will surely put its attribute as "safe haven" to test!
Do you agree that if the 2007/08 crisis is repeated Gold will pull back even by that much on an asset-wide liquidation event, or will firmly hold its 2019/2020 gains? Any other scenarios you want to discuss? Feel free to share your work and let me know in the comments section!
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SPX500 Sell Signal setupHeres my analysis on SPX500USD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: SPX500USD
Entry: $2875 (Sell limit)
Best Entry: $2895 (Sell limit)
Stop Loss: $2915 (-400 to -200 pips from B.E.)
Take Profit: $2820 (+550 to +750 pips from B.E.)
Take Profit 2: $2760 (+1150 to +1350 pips from B.E.)
S&P Trading PlanPattern: Channel Up on 4H.
Signal: Bullish (A) as long as the (dashed) Higher Low trend-line holds, Bearish (B) if the (straight) Higher Low trend-line breaks. The orange Triangle is a neutral zone.
Target: (A) 2970 (just below the Resistance), (B) 2760 (just above the Support Zone).
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The S&P MARCH MADNESS in recessions & why May breaks the party!You thought that only the NCAA is entitled to a "March Madness"? Guess again. This chart shows that during recessions (the 2000 and 2008 Bubbles in particular), the S&P index makes a counter-trend rally in March that lasts for 2 months and sees an end in May.
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As you see during the 2000 Dotcom Bubble, the price started to decline, broke the MA50 on the monthly (1M) chart on March 2001 and started a counter-trend rally. In May 2001, the rally topped near the 1M MA20 and then a new more aggressive collapse started.
During the 2008 subprime mortgage Bubble, the price also started to decline, broke the MA50 on the monthly (1M) chart on March 2008 and started a counter-trend rally. In May 2008, the rally topped near the 1M MA20 and then a new more aggressive collapse started.
Right now (during the COVID-19 crisis), the index crossed the 1M MA50 on March (2020) and has been (counter?) rallying since. We are in May (which has been the turning point during the past 2 recessions) and already the volatility is high.
As you see, the MACD has been also printing a similar "topping" pattern to the previous 2 recessions.
If we are indeed on a major correction/ recession, will May mark the end of the March rally? And if so, will it make a -50%/-57% decline (1700 - 1500 respectively)? I am very curious to read your opinion on this, please share your views and charts!
P.S. As with my previous recession ideas on S&P and DOW, the idea here is not to spread fear and start calling for mega shorts but to educate and point out the obvious pattern similarities. Have a look on my previous similar work:
S&P500 Trading planPattern: Channel Up on 1D.
Signal: (A) Bullish as long as the Higher Low trendline holds (B) Bearish if the 1D MA50 breaks (ideally when the MACD makes a bearish cross too).
Target: (A) 2990 (contact with the 1D MA200) and (B) 2470 (the nearest Support).
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Most recent S&P signal:
S&P500 Does Unemployment rate point to a Dotcom/ Subprime CRASH?Following the attention that my recent Dow Jones/ S&P500 ideas got (you can find both at the bottom of this study) in relation to a potential market crash, I thought it would be a good time to look look at how the stock markets (S&P on this particular study) went by in times of sharp increase on the Unemployment Rate.
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Since 1970 every sharp rise on the Unemployment Rate has resulted in a sharp stock market crash with the exception of 2 times. In total we've had 8 sharp rises on the Unemployment Rate, 6 resulted into a strong market crash and 2 had stocks unaffected (even rose).
At this point I want to bring forward the fact that during the last two Bear Markets (Dotcom, Subprime), the Unemployment Rate crossed above its MA50 (see the chart that follows). That is something it has already done this time.
Does this mean that we have just initiated a new Bear Market similar to that of the Dotcom and Subprime market crashes? I am very interested in reading your opinion on the matter. Feel free to share your work and let me know in the comments section!
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* Related ideas on S&P and Dow Jones:
SPX Outlook for this next two weeks.Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction?
I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still sleepy and that can go higher (I can not imagine how, but the probability exist.
What are your thoughts? What part are you on?
Thanks!