SPXUSD/S&P500/ES/SPX/NSXUSD/NASDAQ/NQ LONG!! BTFD! Listen guys I don't say this often but I feel like there is a very high chance that indexes and stocks are about to do 3% up. Could be Tomorrow, could be Thursday, could be Friday. Could be after 3% down. Work your system and Buy That Dip with assurance that odds in life don't get any better than this. If you have any questions on my feelings here please PM. GoodLuck!
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
SPXUSD
S&P 500_TA_Bullish Cross_Fibo levels_What to expect_Like a pro!Traders,
Look at the thick Exponential Moving Averages (EMA's) on the daily chart. They are crossing and looking VERY bullish. The Red is 50 EMA. The blue is 14 EMA. These indicators are EXTREMELY powerful. A cross to the downside is referred to as the "Death Cross," but there is no general name for when it crosses to the upside. We'll just call it The "Bullish Cross."
When this cross happens in either direction YOU ARE SILLY to trade against it. The trend is in the middle of changing direction and NOW is the time to watch these markets like a hawk and be prepared to put money to work or pull it to safety.
This cross does not mean we are clear from opposing pressures! All professionals that trade off these EMAs know that the cross means one thing. Price is ABSOLUTELY due to test the general area of these EMAS. The rationality behind this is, since the indicators are easy to use, everyone sees the crosses happen (CNBC.) This causes impatient and new traders to jump in and we know these markets are DESIGNED to take newbie money. Looking at how the market closed this weekend certainly indicates a trap to me. I always expect price to make large moves in the other direction after markets close in a very directional state for the weekend.
So, at the end of the week/month, I expect S&P to be higher. But not before stopping out as many newbie traders as possible. Be prepared for pullbacks to be bought up. I particularly like the 2704 level. Its a STRONG cluster of fibo levels that we've identified plenty of times. Below that 2685 is another decent level. Below this we have our EMAs down at 2677ish level. As a rule of thumb we should not be surprised if the market tests this zone. DO NOT PANIC.
There is also another variant that the market just rocketships from this point and leaves everyone behind but I don't think its very likely until the cross becomes more confirmed.
Be prepared for some juicy action this week. I am slobbering at the opportunities that lie ahead. I'll also let you in on this tip, check out the EMAs on the Nasdaq and I think you'll understand my bullish passion here. I will not hold back getting long if we get our pullback and the EMAs have not quite finished crossing yet on S&P.
I'll try to post entries and exits but sometimes I am far to busy. Forgive me and Good Luck!
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
The tail of two indexes_S&P 500_Nasdaq_Can we get long yet?Traders.
Side by side you'll see the daily chart of the two most liquid markets in the world. The S&P500 and the Nasdaq.
With these charts I'd like to say Thank You for those of you who helped me realize my true trading edge is with these indexes. My win/loss ratio has improved greatly and I'm able to handle my trading plan with discipline.
Its safe to say market conditions are pretty lackluster in both Indexes and USD, but nonetheless, the S&P 500 is what I've spent a majority of my life studying. S&P holds my best trading edge. So forgive me followers for giving up on forex markets but I think the trade qualities validate my decision.
SPX500
Is below its major level 2708 marked by two very solid levels of Fibonacci confluence. The thicker EMA's show need for caution as the market is still in a state of indecision attempting to find the path of least resistance. RSI is struggling around the 50 level.
NAS100
is above its major level of 6560. Whats interesting is how this index has found a major level of confluence at a different Fibonacci sequence than the S&P. In fact the whole bottoming process has been much stronger for the Nasdaq. The thicker EMA are strongly pushing toward the bullish path being the path of least resistance. RSI gives no hints either, struggling around the 50 level.
Here's what we're gonna do.
By the end of this week it will be obvious if this bottom is here to stay or if we are due to test the lows again. Any positions should be carefully considered as a direction has NOT been defined. Trades will be considered on a day to day basis and should be smaller position size given the market uncertainty. Longs preferred depending on S&P's reaction to its major level.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
SPX Double-bottom, WWTVD? (What would Tone Vays do?)Gotta love the man Tone Vays, I listen to him ramble almost every day. One thing he's mentioned a couple of times, is that double-bottoms are meant to be broken. I'd already have shorted this shit at 2700+ (see prior post), but let's see if old Tony still has it. I haven't heard him comment on the SPX recently, he's been bullish this year as far as I know. This is just a trade using one of his famous rules, and a great way to test it out.
Reason for trade: Double-bottom on technicals, using Tone Vays rule. On a fundamental level, we have the Facebook hack, and the tech sector overall doing poorly (Apple no longer using Intel chips, Trump lambastes Amazon etc etc). Also this market is a bubble
Timeframe: A week or two
Indicators used: Hmmm, history?
Shoutout: President Donald "Grab 'em by the pussy" Trump - enjoy it while you still can mate, soon you'll have a recession on your hands and I'm excited to see you squirm!
No price levels in this, it's merely a paper-trade to test the shitstorm of technical and fundamental things going on in the SPX and US market overall right now
SPXU Gold Mine---Shh...SPXU GoldMine---Shh...
Daily Chart. Short-Term Trade Idea. Long Play on SPXU.
SPXU is an inverse ETF of S&P 500 and has been in a downward trend for almost 10 years (since 2009). Makes sense as the S&P has been in an upward trend since the great recession in the U.S. However, SPXU recently broke out two times this month with volume confirmation each time (large green bars).
Note: Red line represents 20 days Exponential Moving Average (EMA); Green Line 50 day; Blue Line 200 day.
Entry:
Wait for a pull back on the daily chart based on a FIB ratio (23.6%, 38.2%, 50%, 61.8%) or Green 50 day MA
Exit:
First Target $13.00 (200 MA) range (likely)
Second Target (Resistance): 15.50 range (TBD)
Third Target (Resistance): 17.50 range (TBD)
Hit the Like Button if you Dig. Good Luck!
**This is not financial advice. This trade is for educational purposes only. Always trade responsibly & don't lose more than you can afford.***
The Global Stock Market's Monthly RSI is Hitting a TopThe Global Stock Market's Monthly RSI is Hitting a Top in an Overbought Position. This is dominated by US equities.
There is no etf to short this index in my 401k. I am currently short one Dow future. Trying to short the US market has not been very rewarding so far. I will start shorting it more going forward. I watched my 401k fall a lot in 2008 and watched it recover over 9 years. I am currently all in cash in my 401k. I am long 2 corn futures and 2 soybean meal futures in my margin account.