Trying to catch the downside on S&P500 This structure under the trend line looks like a correction, also there is a low possibility for crawling up before the big move down
SPXUSD
Short US500Price has broken out of consolidation after forming a double top and bouncing off the 200EMA. Waiting for a close below the 8 and 50EMA to lead the path further down for the asset to retest its previous lows.
SPX 1D fractal research-- Will history repeat itself? Stochastic 'W' Time segmented volume pump and dump, and VWAP-- all similar to previous market correction.
Very good time to hedge your positions.
SPX500 - Indices Trading | Elliott Wave Structures | Q2 2019*Please support this idea with a LIKE if it helps you. Thanks!
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Bearish Swings - Patterns:
Flat Formation in Cycle Wave (IV) (green)
Primary A (red) - Simple ABC Swing
Primary B (red) - Complex Triple Three
Primary C (red) - Bearish Extension
Bullish Swings - Patterns:
Leading Diagonal in Primary 1 (pink)
Intermediate (1) (blue) - Impulse
Intermediate (2) (blue) - Complex Flat
Intermediate (3) (blue) - Bullish Extension
Intermediate (4) (blue) - Sharp Correction
Intermediate (5) (blue) - Ending Diagonal
Next expected swing:
Bearish sequence in Primary (2) (pink)
Structure change:
Breach of the lower trend-line could lead towards Primary (2) (pink) already unfolding.
SPX500 - Indices Forecast - Wave Patterns - Volatility in MayIf you like this idea, please support it with a like. Thank you.
SPX500 labeled in a Leading Diagonal within Intermediate (1) (blue), with a bearish sequence expected to start unfolding.
Diagonal can still perform one more leg on the up-side, however, a breach of the lower trend-line (blue) would invalidate that scenario.
SPXUSD ideawait for bullish confirmation too long. if breaks to downside, wait for bounce for better buy/long entry.
SPXUSD (SNP500 / SPX) - Diagonal (Wedge) - SEELL ORDERS* If you like this free video and the idea itself, please remember to support me with a like or share, so I can produce more frequent contents such as this one. Thank you!
* Related ideas show how I was able to call the BIG drops in 2018.
Analysis Summary:
Scenario 1:
Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next Bull Market run, before the Market Crash.
In this scenario, a deep pull-back should take place until the 50-61.8% Fibonacci Retracements.
Fibonacci Extensions from Minors A&B (Minor C projection) are synchronizing with the Wedge Formation towards 2885.00 levels, but also with the joining Bearish Divergence.
Scenario 2:
SPX ( SPXUSD ) Alternate Count (turquoise) has been labeled in an Impulse which presents an Extension in Minor 3 (turquoise).
This scenario puts SPX ( SPXUSD ) in a Minor 4 (turquoise) correction, which should honor the 23.6% or 38.2% Fibonacci Retracements of Minor 3 (turquoise).
Decision:
Scenario 1 is the preferred outcome and this is because the rising wedge does not belong in Minor 3.
* Both scenarios imply a bearish sequence as the next structure.
SPXUSD (SPX) - SELL ORDERS
Aggressive Entry @ 2885.00 with SL @ 2965.00
Moderate Entry @ 2915.00 with SL @ 2965.00
Conservative Entry @ 2980.00 with SL @ 3050.00
TP @ 2800.00 / 2750.00 / 2600.00 / 2550.00
SPX - 4H Chart
snapshot
* This idea is to be treated as simple Market commentary and not as an immediate investment advice.
Trade with care!
Many pips ahead!
Richard
SPXUSD (SNP500 / SPX) - Deep Bearish Pull-Back - Diagonal Wedge* If you like this free video and the idea itself, please remember to support me with a like or share, so I can produce more frequent contents such as this one. Thank you!
* Related ideas show how I was able to call the BIG drops in 2018.
Analysis Summary:
Scenario 1:
Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next Bull Market run, before the Market Crash.
In this scenario, a deep pull-back should take place until the 50-61.8% Fibonacci Retracements.
Fibonacci Extensions from Minors A&B (Minor C projection) are synchronizing with the Wedge Formation towards 2885.00 levels, but also with the joining Bearish Divergence.
Scenario 2:
SPX (SPXUSD) Alternate Count (turquoise) has been labeled in an Impulse which presents an Extension in Minor 3 (turquoise).
This scenario puts SPX (SPXUSD) in a Minor 4 (turquoise) correction, which should honor the 23.6% or 38.2% Fibonacci Retracements of Minor 3 (turquoise).
Decision:
Scenario 1 is the preferred outcome and this is because the rising wedge does not belong in Minor 3.
* Both scenarios imply a bearish sequence as the next structure.
SPXUSD (SPX) - SELL ORDERS
Aggressive Entry @ 2885.00 with SL @ 2965.00
Moderate Entry @ 2915.00 with SL @ 2965.00
Conservative Entry @ 2980.00 with SL @ 3050.00
TP @ 2800.00 / 2750.00 / 2600.00 / 2550.00
SPX - 4H Chart
* This idea is to be treated as simple Market commentary and not as an immediate investment advice.
Trade with care!
Many pips ahead!
Richard
S&P 500 bullishRecent action suggests the bulls are still in control. I like buying dips here, ideally between the 2800 and 2790 levels
SPX - SHORT - Aggressive Entry - Excellent RORSPX - Short Trade
Type - Aggressive
Entry - Market Entry (approx. 2815.00)
SL @ 2863.00
TP @ 2750.00 / 2640.00 / 2600.00 / 2525.00
Many pips ahead!
SPX to a bear runThe break of this counter trend trade must bring us to the 200 ema in the next week, try to catch the blue zone for sell, but this counter trend line must be enough if the price dont go to 2800, lets see how this one play for a long term trade and minimum risk. Beautiful picture.
SPXUSD - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
SPXUSD approaching resistance, potential drop! SPXUSD is approaching our first resistance at 2819.7 (78.6% fibonacci retracement, horizontal pullback resistance, 100% fibonacci extension) where a strong drop might occur below this level pushing price down our first support at 2704.2 (horizontal pullback support, 23.6% fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
SPXUSD - Dailiy Key Elements Key levels to look out for, please refer to our h4 chart for a strategic view!
SPX to short??SPX looks being dragged by the oil Price, if oil continues going down, we will see an sell off in sp500
