Sp500short
SP500 setting up for next leg upHi there,
We just completed 5 waves down, now we are changing the trend short term for the upside,
Price is inside a bullish triangle correction waiting for next leg up, up until 4300 possible
Add at spikes down longs to the target 4300, good luck
Theory 2 of 3 for SPXI have narrowed the likely future paths down to 3 theories.
THEORY TWO: Current position is Intermediate wave 4 of Primary wave 1 of Cycle A of Supercycle 2.
Theory 2 still has the bear market finding a final bottom 5-8 years from now. The path for the next month would see the market move up for a few more weeks as it attempts to finish Intermediate wave 4 (PINK). It appears Minor wave A (YELLOW) has concluded and it is even possible the low 2 days later was the end of Minor wave B down. It remains possible for further downswing this week to complete Minor wave B but it likely will not pass below the June low at 3636.87. Wave B CAN go below this level but it would bounce above it quickly.
IMPORTANT MOVES:
There are no duration restrictions on future movement at this time. A break above 3945 before a drop below 3636 would continue to keep this theory in play.
PROS:
If this model holds out, it will provide ample time for investors to ride the waves up and down during the current recession.
CONS:
The correction at the beginning of the millennium saw the overall decline last for about 9 years (March 2000 – March 2009). This was a larger macro event then our current correction. It is unlikely that this event will last nearly as long as that one. This would likely imply the current political pressures on the market are not resolved until after the 2028 election cycle.
Theory 1 of 3 for SPXI have narrowed the likely future paths down to 3 theories.
THEORY ONE: Current position is Minor wave 3 of Intermediate wave 5 of Primary wave 1 of Cycle A of Supercycle 2.
Theory 1 has the bear market finding a final bottom 5-8 years from now. The path for the next month would see new lows below 3636.87 which was the recent low from June.
IMPORTANT MOVES:
Currently Intermediate wave 3 is the shortest between waves 1 and 3 at 31 days. This would force wave 5 to be less than 31 days which is set for July 19. Minor waves 1 and 2 as marked (YELLOW) have accounted for 17 of the 31 days. This means we must complete Minor waves 3, 4, and 5 within the next 14 days which will be a very tight timeframe. This theory will be ruled out if we break above 3945 before we break beneath 3636. The futures right now are pointing to this theory being disqualified.
PROS:
If this model holds out, it will provide ample time for investors to ride the waves up and down during the current recession.
CONS:
The correction at the beginning of the millennium saw the overall decline last for about 9 years (March 2000 – March 2009). This was a larger macro event then our current correction. It is unlikely that this event will last nearly as long as that one. This would likely imply the current political pressures on the market are not resolved until after the 2028 election cycle.
There is also an Elliott Wave violation inside of Intermediate wave 3 (the span between PINK 2 and PINK 3). Minute wave 4 ends beyond where Minute wave 2 ends.
This violation likely negates the Minor waves inside of Intermediate 3 and its end point.
sell at 3898 and take profit at 3833 so 1.70% 65 full ptsoverbought short time frame
near filled/or filled the gap of 13 june
he have much power btu i not think he wil go much up than now before back to 3833 pts
if he go up like 3950 pts i not put a stop loss but add 1 lot and so when he back to my enter pts 3898 so i will cut both and will be in big gain also.. if he go up liek crazey and i m wrong so i will not be alone and it will be much crazy
S & P 500: Selling On A RetracementS & P 500 – Cash: Selling On A Retracement
Price Action: Price moved higher from the Bullish Pin Bar + Inside Bar (Combo Setup) that had formed late last week (We did not consider trading this setup, nor did we mention it).
Price moved higher from the recent ultra-small Bullish Tailed Bar Signal that had formed over a week ago (We did not consider trading this signal).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains below the 4100 – 4205 key resistance area (Event Area).
SPX 500 - BEARISH PENNANT on the 1 HourHoping this breaks down as the chop is discouraging. The 3800 is resistance - unable to clear it ...
Both the RSI and CCI overbought and trending down in a small divergence.
Bollinger Band has really Narrowed - Like a Spring - So the break will expand the Volatility
Any time J Powell speaks it rallies ONLY to tank the day after...
My time frame is a week and looking for it to retest the lows....
ES1! - S&P 500 Target At P5If you followed the projections of the S&P 500, you where able see live, day by day, how the pitchfork/medianline tools and framework is applied to the markets. And more important, how we as trader can rely on these tools and rules.
In the chart you see that the market swung up to create P4.
It's really picture perfect so far.
Now we approach P5. But know that we can't "predict" that
a) P5 WILL happen for surre
and
b) WHERE it will be, before the market turns north again
But we know that the probability is super high and we can expect P5 at least below P3.
A nice gift from the trading god would be a pullback to the prior support which was broken yesterday.
I always try to scale in, be it by futures, stocks and even options.
However, I will be very opportunistic and (partially) out of the trade when the market is not trading within the rule-set.
Stay focused and trade small, there will be plenty of opportunities in these markets. So there's absolutely nothing great in trying to be a hero.
Stocks moving lower !! US500
Intraday - We look to Sell at 3893 (stop at 3948)
Preferred trade is to sell into rallies. We look for losses to be extended today. There is scope for mild buying at the open but gains should be limited. Previous support, now becomes resistance at 3900. Expect trading to remain mixed and volatile.
Our profit targets will be 3732 and 3701
Resistance: 3900 / 4080 / 4300
Support: 3800 / 3720 / 3666
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United States equities market may have more upside momentum. S&P500 Chart ( U.S benchmark Index; expresses how 500 large U.S companies are performing)
Bullish: $4800 — Bearish $3400 (Based on some analyst, economist and wealth strategist)
Where the fundamentals and technicals make sense.
The Good but Bad news
Employment change and jobless claims rates announced today is the “good but bad news”. The economy slightly remains in a “growth” phase indicating we have a little more gas in the tank.(Some analyst think we can drive until year end). Whereas the Federal reserve is trying to ease inflation to slow down economic “growth”. We can see now why the equities market is bearish and slightly bullish at the same time.
- Payroll and unemployment rates are announced tomorrow morning @ 830am(Eastern Time)
Cheaper GAS prices?
Earlier this week EU leaders also banned Russian oil contributing to the scarcity of oil and an increase in gas. Saudi Arabia has agreed to increase oil production to help assist with the oil supply issues.
We may not have to stand in the heat this summer to watch the gas meter after we’ve chosen between a full tank or an overpriced bottle of water for while we still stand and watch the meter. lol
The feelings of uncertainty
-Larry Fink (CEO of BlackRock) comments on economic conditions. Sourced from an exclusive interview on Bloomberg.com
Suggest the equities market will provide investors with the feeling of uncertainty in the near future. Supply chain issues, policy changes and the transition to a consumer based economy are the causes of inflationary problems. “The Federal Reserve doesn’t have the tools to fix these issues”—a comment from Larry Fink. While the federal reserve can slow down consumer spending and business growth is still doesn’t address the supply chain constraints, company business models and for those who still have enough in the bank or earn enough to afford — consumer demand.
Comments:
The bullish sentiment may be from an expected decrease in gas prices, steady employment and job growth, consumer spending despite being overpriced. Indicating businesses net income and revenue still have some room to grow.
The bearish sentiment may be from the federal reserve expectations of an increase in unemployment, jobless claims and interest rates. Along with a decrease in job openings, consumer spending and banks holding on to more cash.
So, whether you’re a fundamental or technical investor/ trader, here’s both. Be careful where you're putting your monies.
SP500- Bulls MUST hold 4070-4100 zoneLast week was a very good week for SP500, with the index reversing strongly and rising back above 4k important figure.
However, after reaching 4.2k, SP500 has started to drop and now is trading at 4120.
It remains to be seen if this is just a correction for the previous leg up or a resumption of the downtrend, but one thing is clear for me: for SP to remain bullish it needs to stay above 4070, if not, a new visit to previous low is very probable.
Although at this moment I don't have an open trade on SP500, my opinion is that the downtrend is not yet done and we will have a new low around 3.5k in the medium term.
I will become bullish if the index manages to get back above 4.3k
ES1! - S&P 500 Too High Too FastFrom yesterdays session, they strangled the S&P too high too fast. This will probably lead in a nice short micro crash to the center line.
Do you see the daily chart?
Price is exactly at the center line, and a 50% warning line confluence. Price just follow the rules of the Andrews Medianlines: "If price breaks through any Medianline, it pulls back to it, before continuing it's path."
This would indicate that price, even on the daily chart, would decline further. And chances are, that the short term trade to the red center line contains a high chance to work out.
Details:
- price opened outside the orange pitchfork = price is reversing (south)
- a test/retest up to the L-MLH of the orange pitchfork is highly possible, even above the last high of 3973.75.
- the stochastic is in overbought territory, preying to relieve some steam
The Trade is cooking. Now there's nothing else to do than wait and observe.
Happy Friday everyone.
ES - S&P 500 move is not over yetYes, SP500 is down a lot.
Many indicators show oversold.
But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.
To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.
#planyourtradeandtradeyourplan
Following the S&P500 waves to the bottomThe big moves this prior week call into question where we could possibly be. Are the recession fears valid and will the market tank for the remainder of the year or is the bottom truly near? Let us study what Primary C could possibly look like.
DATE TARGET
Primary wave A’s length tends to contribute 30-40% of the movement of the larger Cycle wave in which it resides. Primary wave A was 35 days long. This means Cycle wave 2 could last between 87.5 and 116.6 days long. Primary wave C tends to contribute 35-40% of the length of the larger wave. If Cycle wave 2 is 87 days long, wave C would contribute 30 to 34 days of it. If Cycle wave 2 is 116 days long, wave C would contribute 40 to 46 days of it. Primary wave C began on March 29, 2022. Potential end days based on this paragraph of analysis would be:
30 days is May 11
34 days is May 17
40 days is May 25
46 days is June 3
This means the bottom should occur no later than June 3.
The length of Primary wave C tends to be 107% to 171% of Primary wave A’s length. With Primary A being 35 days long, C could be 37 to 60 days long. 37 days long would be May 20. Through the incorporation of the prior paragraph, wave C could possibly end between May 20 and June 3.
PRICE TARGET
Primary wave A’s movement tend to contribute 40-70% of the movement of the larger Cycle wave in which it resides. Primary wave A dropped 703.97 points. This means Cycle wave 2 could drop between 1005.67 and 1759.93 points putting the bottom between 3058.69 and 3812.95. Primary wave C tends to contribute 60-68% of the movement of the larger wave. If Cycle wave 2 drops 1005.67 points, wave C would drop 603.40 to 683.85 of it. This would place the bottom between 3953.45 and 4033.90. If Cycle wave 2 drops 1759.93 points, wave C would drop 1055.96 to 1196.75 of it. This would place the bottom between 3440.55 and 3581.34. So far, our probable bottom could lie between 3440.55 and 4033.90.
Primary wave C’s movement also moves 126-196% beyond that of wave A. This means wave C could drop 887.00 points from where wave A began (4818.62 was starting point) to 1379.78. This would put the bottom between 3438.84 and 3931.62. Our bottom has now narrowed to between 3440.55 and 3931.62.
Another statistic is the ratio between Primary wave A’s movement and Primary C. Wave A’s movement tends to be 0.63 to 1.35 times greater than wave C. This means wave C could drop between 521.456 and 1117.41. This would place the bottom between 3519.89 and 4115.84. Our bottom has now narrowed to between 3519.89 and 3931.62.
Lastly, the ratio at which Primary wave B and wave C move in relation to wave A can also be considered. This ratio is normally 0.32 to 0.50. In the current scenario, wave B moved 74.24% of wave A’s movement. This means wave C could move 148.48% to 232.00% of wave A. This is calculated in relation to the level at which wave A started (4818.62). Wave C could drop 1045.25 to 1633.21 from 4818.62. This would put the bottom between 3185.41 and 3773.37.
Based on all of the analysis found here, the bottom should occur between 3519.89 and 3773.37 during a timeframe between May 20 and June 3.
I will provide at least one more analysis once I determine where Intermediate wave 3 occurred. If it occurred at the point identified, then intermediate wave 5 can last no longer than 7 days because that would be the length of the wave 3 which is the shortest wave. This would put the bottom no later than May 13, which heavily contradicts this entire analysis. This contradiction does not make sense which leads me to believe we will still experience a significant market drop this coming week.
✅S&P500 SHORT IDEA✅S&P500 is looking bearish on weekly timeframe
✅As per my setup and strategy we are highly expecting price to drop lower my target will be 3581
✅ This could be bad news for crypto
✅Plan risk management according to your requirements.
✅The setup might fail if any external event effects the price or if did not follow the rules
Note :This is my personal opinion ,do not take it as financial advise