SPX500 (SPX) SHORTS&P500 sell
Entry 1 3048.50
Entry 2 3051
Sl 3054.79
Tp.1 3043.50
Tp.2 3037
Tp.3 3033.50
Tp.4 3025
Spxsignals
S&P500 (SPX) SHORTS&P500 sell
Entry 1 3048.50
Entry 2 3051
Sl 3054.79
Tp.1 3043.50
Tp.2 3037
Tp.3 3033.50
Tp.4 3025
S&P500 SHORTSell SPX (S&P500)
entry 1 3046.20
entry 2 3047.40
sl 3051.50
tp.1 3038
tp.2 3032
tp.3 3023
tp.4 3016
S&P500 Bullish break outPattern: 1W Channel Up.
Signal: Bullish as the 3030 All Time High broke on a 1D bullish break out.
Target: 3080 and 3100 in extension.
S&P Break-out and Lower Buy SignalPattern: 1D Ascending Triangle.
Signal: (A) Bullish if the 4H MA200 breaks or (B) if the 4H Support holds within the pattern.
Target: (A) 3010 and (B) 2930.
S&P Buy SignalPattern: Channel Up on 1W.
Signal: Bullish as last week's Higher Low rebound pulled back to the 0.382 - 0.5 Fibonacci retracement zone.
Target: 3020 (just below the 1W Resistance).
S&P Buy SignalPattern: Megaphone on 4H.
Signal: Bullish on fractal repetition.
Target: 3025 (Low to High extension).
S&P Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the price is trading on the pre Higher High, consolidation fractal (blue Rectangle).
Target: 3030 (the projected Higher High (B)).
SPX Buy levelsPattern: Channel Up on 1D.
Signal: Bullish as long as the S1 and S2 hold.
Target: 2940.
*note: How the support levels (S1, S2) match the Fibonacci retracement levels (0.618, 0.500).
SPX Buy SignalPattern: Channel Down on 1D.
Signal: Bullish as the Lower High broke to the upside.
Target: 2840 initially, medium term extensions include 2870 and 2890 (all 1D Resistances).
*note: buy backs above 2766 for the medium term.
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...
SPX Sell SignalPattern: Head and Shoulders on 1D.
Signal: Bearish (break out of 2800 and 2785).
Target: 2755.
SPX Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as long as the previous Lower High doesn't break.
Target: 2820.
S&P500, Key Levels to ConsiderAs title states, key price action levels to consider with regards to S&P500
SPX Bullish Megaphone rebound - Buy SignalPattern: Bullish Megaphone on 4H.
Signal: Bullish after the price rebounded exactly on the Higher Low.
Target 2,930 (projected Higher High).
S&P500 Scary fractal. Should we dump stocks?I have put today price action side by side with the September - October 2018 price action. The candle flow is very similar and what follows next scary indeed.
If we see similar development in the first week of April (the candle sequence in the eclipse), the we should get out of stocks! I don't need to mention that what followed was the strongest correction since the subprime mortgage bubble in 2007.
Stay alert and be quick to adjust.
