VOO trade ideas
S&P 500 trend lines and ending patternsJust something I noticed today. Drew up what look like to be the key trend lines for the rallies over the last few years. I also noticed that each rally had a similar wave pattern throughout the middle (12345), a long almost pull back free middle, and then a WXZ with 1.5 fib ext at the end. Now, it is still too early to know if that pattern will hold now, but this down week does lend some credence to the idea.
Note that this in on the Vanguard S&P ETF, so the numbers are not perfectly aligned with the SPX or SPY.
2018
2019
2020
2021 at 4h
Hope it helps.
384 is the end of the gamewe could have a strong negative divergence. is it the sign of a slide in the stock market?
$VOO SHOWING WEAKNESSAfter a nice bull run, some were taking profits today. We started the day with heavy selling, some shares were bought back later in the day. The market hit the resistance and we might see some weakness until friday.
Or a rebound ! Who knows :')
Happy trading.
VOO Daily - BUY THE DIP KIDS$VOo -LOOK AT THIS CHART. WOULD YOU JUST LOOK AT IT!
Im posting VOO because it is one of my favorite long term investment holds. Every portfolio should have some Vanguard funds in it, and especially should have the VOO . But look at this. Look at the dip and rip from March 2020. Its now up almost 80%. And it will be up 80% soon.
Don't freak out because of a dip.
Buy when others are scared. Sell when others are greedy.
S&P 500 Wave Count - End of Wave 3?Waves based on fib levels. I am assuming that we are in a Wave 3 showing an impulse with extension. Could push from 1.618 to the 1.7 level to end wave 3. I hope that we will see a correction for wave 4, but wave 4's are usually less then 38.2%. If so then we still have a solid wave 5 to go. Guessing at a standard 2.0 extension to wave 5. I also see a clear channel that if you center the mid-line it nicely aligns with the 2.0 fib level.
Waves are more art than science, so take it with a grain of salt.
Major fib and waves
Close up
VOO Technical AnalysisVOO has been very volatile and this recent drop could be a perfect time to buy for the long term
VOO - LongI must disclose that I am a VOO long-only trader.
New long opportunities might be found at MA50 or bull trend.
RSI converges and Stochs are overbought, leading to possible bulls exhaustion within the next month.
Vanguard S&P500 ETF (VOO): A Full Recovery Approaching?On the 27th May 2020, we saw the Vanguard S&P 500 ETF (Symbol: VOO) rise above the 200 Moving Average. Today a share is worth 301.99. Before the tremendous drop on 20th Feb 2020, prices closed at a high of 311.39. The fact that we are already above the 300.00 mark and only just 9.40 from its pre-COVID high, has VOO really recovered? Nevertheless, it is still a worthy investment considering its performance since it started on Sept 7 2010. It is also outstanding how it managed through COVID this well. It will probably be a long time (excluding market noise) before it formally hits such low prices again.
$VOO Demand at 233$VOO has seem some great gains in the last couple of months. I've identified some demand at 233. Price has yet to return to this level since rallied from it. Could be a good buy at this price.
VOO is at a discounted priceVOO is at a nice price to make tons of profit. Down about $55 from high. Is a steady investment doesn't do anything crazy.
S&P 500: Head-and-Shoulders Top•A key assumption is that the right shoulder is not exceeded. Nonetheless, this seems unlikely given the likelihood of negative fundamental events relating to the economy and earnings .
•Much like the Nikkei 225 crash of 1989, the 100 MA's could end up stopping the bounce dead in its tracks. Hence, it's very possible that consolidation will continue in the 2700-2800 range for some time.
•Shoulder levels are not just arbitrary: 50% Fibonacci Retracement mirrors several prior crashes, including the Nikkei 225 in 1989, the S&P 500 in 2008, and the Dow Jones in 1930.
VOO - Pivot pointFor now at least, we have found a pivot point for this SP500 ETF, at the 50% fib retrace level. Huge volume and a quick turnaround in price, we shall see how this one turns out. Compare Volume to late 2018, our targets for a bounce from this level are at 88% Fib extension level of $290, all time high of $312 (100%), and perhaps $372 at the 161.8% extension level.
This can still drop, there is a lot of news creating a small panic, and if so we may get to see the dead cat bounce. For me, volume is key.
$VOO $SPY S&P500 Potential Running Flat Wave 2I've been seeing many bear charts lately but many of the large-cap stocks that make up the S&P500 have already made big corrections in the previous Wave 4 of a higher degree back in December. It's true that the Wave 4 correction in the SPY was fairly shallow, but 0.236 - 0.386 are still high probability areas.
Many of the bear counts for the S&P are valid EW counts but until price action changes, I believe this current explanation has a higher probability of playing out.
