Us500signals
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:
SPX (US500) Technical overview Briefly and clearly.
According to my observations, the SPX index is least susceptible to volatility and has a clear picture of the development of events.
I think the United States will push the indices to a new maximum since we have a very strong mess ahead of us in the second half of the year, these are the Financial Reports and the US presidential election, and as we all know, there is a big take-off before a big fall.
We all know about FED and their tools
and have long been convinced that the market is crazy, that’s why we are moving along the trail of large sharks.
I still hold my position at LONG, because I believe in the instrument and its growth.
My subjective opinion does not force anyone to open positions and invest in markets.
Leave comments and like, support the channel!
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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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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US500 or S&P500 ShortBased on previous moves and normal wave pattern behaviour of charts this is a great moment to short it again.
First take profit at 1 level lower in 2/3 days
Second take profit 2 levels lower in 5/7 days
After that we can go up again.
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:
SP500 Short Cover - 13:10:34 (UTC) Mon May 4, 2020I will be looking to cover my short positions at $2,719.00
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).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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.
** Before we start, please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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:
Pre-market Futures Short 17:11:14 (UTC) Sun Apr 26, 2020Pre-market Futures Short
17:11:14 (UTC) Sun Apr 26, 2020
SPX500 SELL SIGNAL Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Sell: 2796,00
Stop-Loss: 2830,00
Target 1: 2759,00
Target 2: 2727,00
Target 3: 2680,00
Stop-Loss: 34 pips
Risk: 1-2%
Risk-Reward: 2,57
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
S&P500 Is COVID just a bounce inside the Channel?** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Well as you see the chart is pretty explanatory. I want your thoughts on a simple question. Was the sell-off driven by the COVID pandemic just a necessary technical bounce inside the multi-year Channel Up that started at the bottom of the 2008 crisis?
So far, even though the 2200 bottom marginally broke it, we have stronger evidence with the recent weekly rally that the trend is still bullish within the Channel Up.
The Megaphone that has emerged can be seen as similar to the one that preceded it in 2014 - 2016. Maybe now the index will continue upwards but on the lower part of the Channel Up. Notice how the RSI was descending during both Megaphones.
What do you think? Was that just a bounce? Looking forward to your opinion.
S&P500 Trading planPattern: Channel Up on 1D.
Signal: Initially bearish towards the Higher Low trend line of the Channel Up as the Rising Wedge that was supporting broke downwards. (A) If the Higher Low trend line holds it is bullish on the short term. If the 2625 Support breaks, it is bearish. The region in between those is a neutral zone.
Target: (A) 2800 (roughly where it can meet with the 1D MA50), (B) 2450 (just above the next Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020