Spxshort
Possible Bearish Abandoned Baby...This region has already proved itself as reversal territiory. Everytime there has been an obvious bearish candlestick reversal with clear exhausted spinning top formations. With today's gap up and lack of momentum so far, might this be the sign of a corrective movement down?
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX500 Diverging - Possible BIG SHORTSPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness.
Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well.
Trade Safe!
Good Luck.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P500 (SPX500USD) short.Targets and stops on the chart.
Don't forget to like and follow.
Thank you.
End of Wave 3 on the S&P 500Well, I kept hearing about the "end of the cycle" as made famous by Ray Dalio, so I decided to do some measuring on the good old S&P. Could we have hit the top of the market?
In measuring the fib targets, I decided to start Wave 1 at the lows of the 1987 crash. That seems to make sense as it's the beginning of the "information age". Also, each Primary Wave would then be approximately the same amount of time. Wave 1 being 1987-1999 with an ABC correction of 9 years. Wave 3 being from 2009 - 2018.
We've had 10+ years of beautiful "buy all the dips" Wave 3. What's fascinating is our recent high is very close to the 1.618 projection of Wave 1. If you know anything about Elliot Waves, you'll recognize that 1.618 is a prime target for the end of Wave 3. We hit it almost right on the button.
So what's next? I feel we will have a very sharp correction to the 2000 level. That's where major support is structurally and psychologically, and that's also where the .382 fib is - so that seems like a good target. Any lower and we could be looking at the .5 fib (1800 level) but that would be especially deep for a Wave 4. I think this correction will be bloody but also fairly quick since the first ABC took many years (rule of alternation). Geometrically, it seems that 2021 is a logical time for it to end (after the election makes sense).
Luckily, according to this count we will have more upside to Wave 5, so I don't think it will be necessary to buy a bunker just yet. However, I would be careful to swim with the tide which will probably be going downstream for the foreseeable future.
Best of luck and Happy Thanksgiving
SPX to short??SPX looks being dragged by the oil Price, if oil continues going down, we will see an sell off in sp500
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2823.3 (78.6% Fibonacci retracement, horizontal pullback resistance, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 2704.2 (horizontal pullback support, 23.6% Fiboancci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
SPX - Daily Key Elements Key levels to look out for when analysing SPX, please refer to our 4 hour chart for a strategic view!
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracemen, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
SPY ends week at strong resistance SPY ended the week at a large long term support turned resistance line. Next week will be interesting to see if we break resistance or start a substantial pullback.
Test trendline then slip downGood day folks,
It should be a sideway day, with an opportunity to short tomorrow, maybe even today eod. The channel didn't hold, so the support and resistance are being tested. IMO it will fail and this will result with a pullback of the recent uptrend we just had.
Thank you,
S&P 500 - Sharp Fall, Distribution, Trapped Retail Traders I dont need to speak much on this one, please look at the previous data to help find a high probability outcome here.
The world is in a shamble with PLENTY of fundamentals that are not positive right now, the stock market will crash its just a matter of time.
As we can see we have had a nice recovery of 15% which is sitting right at an optimal entry point for retail traders to long, but actually a smart trader would be taking short positions here.
Which is exactly what we are going to do.
Short the S&P500.
.705 Fibonacci Level (Optimal Trade Entry)
*Shorting after a recovery ( Plenty of stops were taken out and retail traders believe the market is recovered and is looking healthy, when in reality institutions are dumping bags)
Dont be fooled. The Sharp Move will follow.
What Is This Full Moon Doing for Stock Market?Full Moon as New Moon often brings energy to stock markets. As the chart shows that more times one or two days before and after Full moon we see sell-off and then rally on stock markets while sometimes it's inversed: markets rally first and then sell off. What has this month's Full Moon been doing then?
Full Moon for January occurs on Sunday, Jan. 20 and we have seen a little stronger rally on last Thursday and Friday. Today is a holiday and market is closed and we might see last week's rally continue in one or two days of this week forming a short term top followed by some down days.
Trading cannot be solely based on Moon Phases, but they do offer some clue. Right now SPX has retraced about 55% of drop down from its historical high to the low around last Christmas (61.8% retracement 2712.38), closed above its 50-day MA (not show on chart) for two days at 2670.71 on Friday, and got near to its 100-day MA (2732) and 200-day MA (2741). The down trendline point for tomorrow is around 2695. Let's see how the market will react to these resistance levels next two days.
By the way, there is a cross over of two trendlines on the daily chart. Sometimes two trendlines cross over may correlate a turning point date. It's Tuesday and Wednesday and let's also see what would happen then.
"Trade what you see, not what you think," this is what I learn from a professional trader and the market itself. So far the indicators and price on SPX daily chart are very bullish. I have to wait until there is a sell signal before actually going short.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support).
RSI (34) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2703 (100% fibonacci extension , 76.4% fibonacci retracement ) and a strong drop might occur below this level pushing price down to our major support at 2406 (76.4% fibonacci retracement , 61.8% fibonacci extension ).
RSI (34) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
12M S&P 500 Suggests 2100 in 2019 Is Fine From Technical LevelThe method / strategy I apply to charts is far from in-depth TA (such as Elliot Waves, Gann, Wyckoff, etc), yet its simplicity makes it quick and effective when in a position or looking to make a quick swing/scalp.
That said, there are progressions and trends I'm aware of that exist on every time frame. The same logic applied on this 12M chart is the same logic I apply on all charts, and find clear and consistent success with.
That said - KBC indicator (Kelt + Bollinger Combo) shows here that charts in clear uptrend typically range from a low at the upper kelt, and the high at the upper bollinger band, which shown here is in bullish expansion. Each candle lays like a brick above the other and only every once in a while do we see that green HA candle dip below that upper kelt (white line).
This in mind, the crucial part is understanding that the white line will be touched at some point and that white line happens to be 2100 level as of now.
It will be in the media as an insane crash, and quite honestly it will be a terrible thing to watch if that white line breaks and price closes below it (next up is midBB/Kelt @ 1500(ish)). To be clear I think its highly unlikely that would happen and do indeed consider 2100 to be the 'local bottom' that S&P finds in 2019
