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Spxshort

S&P 500 ForecastS&P 500 moved towards the 3980 level as traders prepared for tomorrow’s CPI data meanwhile, the tech heavy NASDAQ Composite was up by 0.4%. Today’s rebound is led by energy stocks. WTI oil managed to get above the $73 level as traders focused on the Keystone pipeline outage. From a big picture point of view, S&P 500 continues to consolidate in the range between the support at 3915 and the resistance at 3975. RSI is in the moderate territory, so there is plenty of room to gain additional momentum after the CPI data and the Fed decision. If the CPI report shows that inflation is slowing down, the current consolidation will serve as a good base for an upside move. However, it should be noted that traders may remain somewhat cautious ahead of the Fed decision.A move below the 50 EMA, which is located near the 3915 level, may be interpreted as a sign of an upcoming sell-off. S&P 500 received strong support near this level, so traders may rush out of their long positions if this support level is broken we still in down trend and we should break the yellow line and back 4100 level The Fed is still playing catch up to tame rising prices after its protracted gross mischaracterisation last year of inflation as ‘transitory’ and its initially timid steps to withdraw monetary stimulus, The world’s most powerful central bank is now confronted with two unpleasant choices next year, crush growth and jobs to get to its 2% target or publicly validate a higher inflation target and risk a new round of destabilized inflationary expectations. I think Rather than fall to 2-3% by the end of next year, U.S. core PCE inflation will probably prove rather sticky at around 4% or above.
SP:SPXShort
by moonypto
8
SPX Further Downside Incoming (1D)SPX Daily Price Chart After the recent bounce of the level of resistance (Red Box) the SPX snapped it's first small level of resistance (Teal Dotted) and has continued lower. Price has also closed below the 50-day EMA while the 12-day and 26-day have recently crossed and the 50-day flattens out. The next level of support (First Green Box) should come into play within the next several days, unless we get a big sell-off Friday and hit it today, but this is the first area we expect to see a bounce. Also notable is the minor trend line (Yellow Dotted) that has been broken which should lead price action to eventually come in contact with it's major trend line (Yellow Solid) again. Relative Strength Not a lot to show here, however there have been two significant moves. First is the rejection of the 50 level (Aqua Circle) and the second is the break below (Aqua Highlighter) the major trend line (Yellow Solid). Both of these moves fortify the recent price action and indicate further weakness in trend. On Balance Volume OBV broke out of it's downward trend back in May (Yellow Solid) and started trading in an upward channel after. There hasn't been a reversal formation, but there is a small breakout forming (Aqua Highlighter) that coincides with recent price action and RSI movement. More evidence of an upcoming bounce is seen as a level of resistance is also being approached (Red Solid) TLDR; Dang man, talkin' bout no time man, dang ol' markets bleedin' man, come on up or dang ol' down man. Uh.. yea.. We think we understood that. Anyway.. Price action is on it's way down to a small level of resistance where we could see a bounce. RSI has bounced down off the 50 level and has broken down from it's main trend line; signaling a move lower. OBV has just begun to move down out of it's upward channel and also faces a level of resistance that could lead to bounce. What Seems Legit? A bit more of lower movement to hit the levels of resistance outlined above, then further downside Chart Key Yellow Solid = Major Trend Line Yellow Dashed = Minor Trend Line Red Solid = Major Support or Resistance Red Box = Resistance Green Boxes = Supports / Target Areas Teal Dotted = Small Level of Resistance Aqua Highlighter = RSI / OBV Breakouts
SP:SPXShort
by Seems_Legit_Research
$spx reset for Q4 incoming! 4200 levelsNotice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4. SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023. a correction is due. I am using AMEX:SPXS as the inverse of this play. I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa. We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks. Trade wisely
SP:SPXShort
by chestephens1
SPx 4h (it looks bearish under 4358)SPx the price can stable in a negative direction because already stabilized under 4358 so now will do a retest till 4358 and then will drop to reach 4309 and then should break that to get 4278 also. the price will start dropping as long as trades under 4358 to reach 4309 and 4278 for this week however, if the price reversed and stabilized above 4365 then will support the rising to reach 4391 and 4424 Pivot Price 4358 Support prices: 4338 & 4309 & 4278 Resistance prices: 4391 & 4424 & 4441 The moving range for today is between 4358 and 4309 tendency: Bearish
OANDA:SPX500USDShort
by SroshMayi
RNLC - US Large Cap - & S&P500 This is a very bearish outline for the market. If we look at RNLC - the US Large Cap Select ETF then it is showing head and shoulders with a pair of longer-term RSI divergences. I believe this could be an indicator of where SPX is going in the near future. SPX itself is showing a rising wedge that appears to be forming right where the head and shoulders on RNLC is. There is what appears to be a messy very-long-term RSI divergence in place as well along with a messy fledging short-term RSI divergence. I'm waiting for a good entry sign, but I think what we are witnessing is a B Wave higher (a bull trap in non-technical terms) I suspect RNLC may lead SPX to a certain extent. So I will be using it as an indicator here. In elliot wave terms, I sketch out the following and feedback is welcome. My suspicion is that we have seen a leading diagonal move down from the Jan 2022 highs (rather than a regular impulse). This form allows for overlap of 2 and 4 (which is a no-no in regular impulses). I also suspect that the bounce from the October lows is an ABC up, and the bounce from the March lows is actually a wave 2 up. It's all one big trap-within-a-trap. I have no idea of the catalyst yet... but of course, catalysts are only usually visible with 20/20 hindsight. The technicals are what they are and I cannot ignore them. I would set 2900 as a conservative downside target here, but I actually have no idea of the total downside potential. The 2000-3000 range is where many other analysts are placing their targets, so I think it's important to not get too greedy or buy-in to the narratives about total economic collapse. This would constitute 100% of the move from the 2022 high. I am already short a couple of stocks and I have an short against the SPX itself... and if the short-term wedge breaks I will certainly double-down on my positions. Trade carefully and more updates soon.
SP:SPXShort
by RogueEconomics
2
VIX: MICRO VOLATILITY CYCLES / POINTS OF CONTROL / MACD & RSI DESCRIPTION: In the chart above I have provided a MICRO ANALYSIS of the VIX INDEX which represents volatility in the overall US MARKET. This is a short term play for this week based on micro volatility cycles. POINTS: 1. Deviation in critical thresholds is 4 points a small adjustment from previous VIX charts published as volatility adheres to this more often. 2. 23 Point serves as critical support for VIX. 3. Current Trend = Symmetrical Triangle Formation 2nd Phase 4. Overlapping Green Dotted Lines = Market Open 5. Overlapping Red Dotted Lines = Market Close IMO: In my opinion whether or not current setup becomes invalidated I do not see current price action falling below 23 POINTS is the POINT OF CONTROL TO THE DOWNSIDE while 31 POINTS is the POINT OF CONTROL TO THE UPSIDE. MACD: Current MACD levels continue to fall and are bound to flip into negative territory further confirming current setup that needs some pullback for VIX. RSI: Current RSI levels are dropping and no current signs of DIVERGENCE that would indicate a sudden flip to positive territory. SCENARIO #1: VIX price action agrees with current setup & respects symmetrical triangle setup and bounces off 25 in coming session & precedes to the upside to break 29. SCENARIO #2: VIX price action disagrees with current symmetrical triangle setup and breaks below 25 & faces possible bounce at 23 instead. FULL CHART LINK:https://www.tradingview.com/chart/UUCv2fGk/ TVC:VIX AMEX:UVXY
TVC:VIXLong
by DGSTBROKERACC
Ugly is here!I warned ugly was coming. Ugly is here! Two weeks ago I issued a warning regarding a price break down to the zone we are currently in (4007.23 - 3867.02) - Welcome to the zone. Last week was violent in the emotions department with massive negative - then positive - then negative again swings. This week may (fingers crossed) play a little calmer. Last weeks range of 109 points met the mean of the ATR. Using the mean (110) and giving 67.98 points toward the negative attitude, leaving 42.02 points to the upside. From the current close, 42.02 points would be ~4012 (retest the top of the zone). The potential low will be ~3902. Keep your stops tight if you are long and give them room if you are short. -PriceProphet
SP:SPXShort
by priceprophet
VIX: VOLATILITY CYCLES / PREDICTION / EXPONENTIAL MOVING AVERAGEDESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of VIX. I have decided to reduce the number of BARS that it will take for the Volatility Index to see its next price action cycle with past cycles lasting up too 250, 300, or 375 BARS to complete. With current price action trajectory and support it appears 250 BARS would be the most suitable span of time for this current cycle to complete. POINTS: 1. Deviation of 7 Points Remains the same for SUPPLY & DEMAND POCKET PLACEMENT. 2. 8 YEAR UPTREND Line has nearly made contact & is indicative of VIX seeing a rubber band reaction to the upside. 3. Current DOWNTREND pattern is being squeezed against 8 year trend. IMO: If price action sees a break to the upside past 21.50 it will be a sure enough bet that VIX will then be looking for 26 Points. EMA'S: PAY CLOSE ATTENTION TO TIGHT MOMENTUM OF ALL THREE EMA'S (45,100,200) WHICH USUALLY INDICATIVE OF UPCOMING SHIFT IN TREND. RSI: In regard to RSI crucial pivot point levels are mapped by using past positions held by RSI when VIX would eventually bottom out. MACD: The VIX and MACD share a parallel relationship in the way that as soon as MACD touches MEDIAN and switches directions price action on VIX will come to see a shift in momentum. Currently MACD is in negative territory but should be another solid indicator for when VIX is ready to rubber band to the upside. SCENARIO #1: In a BULLISH scenario price action continues to be supported by threshold at 19 & by March 8th it would be inevitable for PRICE ACTION to not be carried TO THE UPSIDE by the 45 EMA with current TRAJECTORY if SUPPORT OF 19 HOLDS. SCENARIO #2: In a BEARISH scenario this setup would become invalidated if price action is to BREAK TO THE DOWNSIDE past the 19 SUPPORT LEVEL. And would depend on a future hold of of at least 16.80 to be held in order to respect 8 YEAR UPTREND. FULL CHART LINK: www.tradingview.com TVC:VIX
TVC:VIXLong
by DGSTBROKERACC
1
DXY will continue to rebound in shocks, 18/1000, 29/1/2023 The 104.7 price of DXY is the key price pressure, short-term rebound can be considered to take profit at this price, marked as the g line What is synchronous is that after the rebound, the trend of SPX is just below the pressure level P line, and it starts to fluctuate and fall, which is synchronized with the rise and rebound of DXY prices Looking at a specific stock TSLA, it is confirmed that the short position of TSLA breaking through the support level will continue. 181, the already established pressure level, can form an effective suppression with the rebound of the dollar, and the opportunity for short positions to increase will be generated simultaneously.
TVC:DXY
by IFTrees