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SPXUSD

Nothing Weird is Happening with the Corona Virus in US StocksThe market is behaving exactly as it should. There is no special wave counts needed for the entirety of the recent downtrend thus far. I was able to quite easily decipher the Super Cycle wave all the way through the Minor wave for the current downtrend. That being said, due to the extreme volatility I am not trying to get exact dates and times for the waves but I am confident about the rough distances to the next waves and their degrees. I will keep updating my analysis as time progresses. I would love and am encouraging constructive criticism or feedback if you have a different count than this one. See my last post for the longer historical term EW count.
OANDA:SPX500USDLong
by VVSInvestments
1
S&P500, next 3 possible scenarios after 1st SELL TP🔄 Update: Exactly as forecasted, the sell hit its target (390 pips) 😁👍 The second sell also as forecasted before is in the order, (in a lower time frame 1H I can see a small flag forming) but it still doesn't fulfill my requirements to take the sell. So I have 3 ideas at this moment which depicted on the chart, based on likeliness. 1. A continuation of the sharp down move : To the 61.8% retracement which is happened to be 61.8% expansion area of the current bear move (check the first image below 👇) 2. A longer-term consolidation in the current range 3. A sharp impulse up 💬 Please let me know your perspective on this Happy Trading & stay green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
FOREXCOM:SPX500Short
by Forexian
1
S&P500 SPX LONG SET UP AFTER CORONAVIRUS HIT MARKETBUY LIMIT S&P500 ENTRY 1 3014 ENTRY 2 3006 SL 2980 TP.1 3054 & TP.2 3106 Tp.3 3154 & TP.4 3206 TP.5 3254 & TP.6 3306 Stock market’s 6-day drop flirts with fastest slide into correction territory since 2008 Another sharp fall for U.S. stocks on Thursday pushed major indexes into correction territory, marking a drop of more than 10% from all-time highs. Here’s where major indexes would need to close to formally mark a correction. MarketWatch · 9 minutes ago
TVC:SPXLong
by MavRich_Trading
SPX - Eyeing the 200 MA - Market UpdateThe SPX appears to be heading for the 200 daily moving average, this comes after the index fell below the 89 ema and subsequently failed to regain the level after last night's close. I am expecting to see a near-term relief rally at some point as markets don't like to move straight down or straight up for too long, that being said the technical picture looks rather bleak for the SP-500. This latest selloff is reminiscent of the Q4 drop in 2018, both in terms of speed and magnitude of the drop, using this as a rough guide (the macro outlook for the two scenarios are very different mind you), this would suggest that a trip to the 200 daily moving average is very much on the cards. I would most likely expect the bounce to occur at the 200 MA, if it is to occur, but the daily RSI is signalling an oversold condition for the SP-500 so a bounce could materialize at any point. I have already covered the Macro picture for the SP-500 previously (initial claims, PMI, Yield curve etc.) and the outlook signals a global slowdown, no two ways about it, the Covid19 outbreak could certainly be the catalyst for a prolonged selloff and worst case, the global slowdown. Will the Fed step in to alleviate the markets? Most likely yes, but the question is when, the current futures for the March 18th FOMC meeting are pricing in a 36% chance of a rate cut, up from 6.6% just one week ago. So stimulus is coming, but the question is whether or not more monetary stimulus can offset the global supply chain issues that Covid19 are having on the economy. www.cmegroup.com <----- FOMC Futures
SP:SPXShort
by Profit_Link
2