S&P500 - The "Mayan Calendar" Chart Fearing an upcoming crash / correction I've been looking at all the key indexes etc, and this was one of my earlier explorations using Fibonacci.
I look at this chart with a large pinch of salt, more a fascinating oddity than something scientific (maybe!), but I do find all the correlations very interesting.
Ultimately this connects well with my Vix & Gold charts in regards to overall cycles so I do pay attention to this and it's progression.
Time will tell! Enjoy this "Mayan Calendar" chart as it was jestingly called on Twitter ;)
Sp500idea
SP500 could correct to 3500, I'm waiting for confirmationSince the "election all-time high" just under 3700, SP500 continued its rise, but this is anemic to say the least with the index gaining around 3% in the past 2 months.
The rise is in a tight channel which for me is an indication of an imminent reversal.
A break under this channel's support can be the signal for sellers and 3500 is a very modest target for this trade(I believe it will drop harder)
S&P 500-Ending Diagonal patternIn some cases we can't offer long-term analysis,we have to take short term targets in to our consideration.In presented chart everything is clear , according to the Diagonal pattern the probability of down trend formation up to the determined line is existing
SP500- Hanging man in resistance, a warning for bullsAfter a nice Pin Bar in support followed by a 4 days uprun is time for the "hanging man" to give us a warning...
Friday's session was dominated by NFP's volatility and I wouldn't have paid much attention to this candle if it hadn't been in resistance.
I expect 3500 zone to be a hard zone to pass by bulls and the index could fall to at least 3200 in the next 2-3 weeks.
I'm looking for selling opportunities.
SP500- I maintain my target of 3kAs I said in my previous SP500 analysis, 3500 should be a great sell zone for bears.
The index reached that zone, has reversed and now is trading just above 3250 support zone.
A small rally should be expected now and bears have a new opportunity for opening trades around 3400
I maintain my target of 3k for this index and only a new all-time high would change my perspective
SP500 Well... We have news today that Trump is positive.
He is always positive, so now he have a time to trade, so...
My fundamental opinion is that he and his comrades will pump the market near resistence area.
Also it depends on DXY value, but with all that printing... I'm not an optimist.
S&P 500 BROKE AND RETEST PLAY - UpdateSP 500
Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier
we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From this level we can expect some buying activities and the potential target would be 3450.00 within this range 50% Fibonacci retracement level will act as testing ground for both the bull and bear
The bigger dissimilar falling wedge pattern has formed too which is a clear sign of bulls taking some rest to move further towards north..It's a September midterm correction as the end starts the Bull is awake and ready to bounce back towards 3600.00
USA Presidential election will Influence the direction of market we can expect unusual market volatility in coming days
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It's Monday, not doomsday! ☕
Starting the week, the S&P500 continues the primary expectation and reaches the first target area for the current decline. On Sunday, the U.S. reported 32,186 new coronavirus cases, and several European countries have also seen a steady increase in COVID 19 cases over the past 24 hours spreading pessimism amongst investors. The World Health Organization predicts that daily coronavirus deaths in Europe will increase in October and November, raising concerns about a possible second lockdown in Europe. Meanwhile, several major banks have reportedly transferred large amounts of illegal funds over a period of almost two decades. HSBC, JPMorgan, Deutsche Bank, Standard Chartered, and Bank of New York Mellon are among the banks involved in the report.
The minimum target for the current decline remains within the range of 3200 points. Below 3049 points, the way is paved for significantly lower quotations in the range of 2800 points. Since we expect new all-time highs in the long term, we will use the current drop to open long positions and thus position ourselves for the next rally.
In conclusion, we expect the current drop to reach the area of 3200 points before a bounce can be expected. We give the alternative scenario a 38% probability. The primary expectation remains that the index will reach a lower level of 2800 points, which is confirmed below 3049 points. However, in both scenarios, we expect at least a corrective bounce from the yellow target box, which will push the market back up towards 3440 points.
Grab some coffee, be awesome, and enjoy your trading day!
SP500 get ready for Deflation Strong dollar is comming off and Big Bubble at the markets at the moment getting ready for a recession, february wasnt the true recession as many think we still need another deflation move before inflation truly begins, market is not healthy when its moving up without any wave down or pullback
Watch price action on lower timeframes to short it after a retest~
Good luck
The bells are ringing for S&P 500The index may want to touch the Fibonacci 1 channel again if it can break the burgundy resistance with its horizontal resistance. In this case, too, the target will be 3400 levels.
However, this could also be the endpoints for the rise. Prices may come in contact with the Fibonacci channel 0.726, seeking to realize the rising profits after COVID-19.
It contains only personal views and opinions. Does not contain legal investment advice ...
S&P500 is at a Decision Point. So, Where Will It Go?The buying wave that started as a result of a big sales wave and central banks giving the market plenty of money seems to have carried the index to its old peak.
The fact that it has reached these points without any correction is a bit thought-provoking, as the markets normally move in volatility (ups and downs coexist).
Therefore, if the index fails to break its weekly rising trend and its previous peak, a profit realization may be experienced.
However, if these levels are exceeded, 3700 levels may be considered normal for us in the future.
Only personal opinions and ideas. Does not Include Legal Investment advice...
Welcome to The New Market CrashThe FMI has anonced, that be careful because there are very large bubbles in the debt and equity markets.
My principal Scenario show me a rejection of the price around 3,150 points. The loss of 2,900 that would entail the loss of the previous minimum level where a rejection candle emerged + the loss of the long-term bullish channel. Show me that we are going to retest the minimun of march.
Alternative Scenario above the 3.170 price will go to the 3.220, and new higher high would show us the way to retest the historical maximums.
Are you kidding me? It's no me, it is the FED.
Good Lock and Take care out there.
Is 2770 level the new target for the SP500?Can the second coronavirus wave anxiety and protests trigger the rising wedge formation despite the FED and force the index to retreat to 2770 ?
if it's true, a very negative week will be waiting for us ...
Only personal opinions and ideas. Does not Include Legal Investment advice...
S&P 500 LOW VOLATILITY (SP500VOL) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SPX LONG S&P 500 Taken out The Resistance on Daily ViewHello to all who watch my charts.
Contrary to the opinion of many here is in my view S & P 500 a Long Setup.
As you can see we had it at the beginning of March
a short trend which I marked with the orange trend lines.
Now, however, the index has risen above all short resistance and has both major resistance levels
which I marked purple. In the near future no direct resistance is to be seen.
Next is at around 2870
That's why I see these Index in a long trend.
To be cautios here , its needed that SPX fall below
2800 and
2786
at end of day chart
If that wil happen the long setup is gone.
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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