S&P500 Index Goes 'Draconian', ahead of Roller Coaster ExplosionThe S&P 500's "roller coaster" behavior stems from its sensitivity to various economic, geopolitical, and market-specific factors that influence investor sentiment and corporate performance.
Economic Factors: Changes in interest rates, inflation, and Federal Reserve policies significantly impact the index. For example, rising interest rates can reduce corporate earnings and valuations, leading to market sell-offs. Conversely, expectations of rate cuts can boost optimism and drive rallies.
Investor Sentiment and Volatility: The S&P 500 is closely tied to the CBOE Volatility Index (VIX), often called the "fear gauge." The VIX rises during market downturns as investors seek portfolio protection, amplifying price swings. This inverse correlation highlights how fear or optimism can drive sharp movements in the index.
Global Events: Geopolitical tensions, natural disasters, or pandemics can disrupt markets by creating uncertainty about future economic performance. Such events often lead to sudden spikes or drops in the S&P 500 as investors react to perceived risks.
Valuation Cycles: Overvaluation or bubbles in specific sectors can lead to corrections. For instance, high price-to-earnings ratios combined with slower economic growth can result in prolonged periods of stagnation or volatility.
These factors collectively create the "roller coaster" effect begun in the S&P 500.
// Life is like a roller coaster, as you don't know what's going to be thrown at you next, so all you can do is give us your best shot.
--
Best wishes,
@PandorraResearch Team 😎
Rollercoaster
DOGECOIN SHOCKED!!!!Dogecoin price analysis is bearish today.
DOGE/USD retraced to $0.06 earlier.
Slight selling pressure returned over the past hours.
The dogecoin price analysis is negative today because of the recent sharp loss and the overnight retest of the previous bottom at $0.059, which was quickly followed by a move higher. As a result, DOGE/USD is now likely to see more resistance below $0.06 and look to decline much more.
Over the past week, as the retracement from the $0.068 prior high began to conclude, Dogecoin price movement has gradually built c above $0.059 level. Due to this, DOGE/USD began to trend laterally, reaching a fairly small trading range at the end of September.
From there, a brief increase in price led to $0.63 resistance, where a sharp decline in price immediately followed. Since then, DOGE has progressively retreated to the $0.059 support level, where additional selling has come to an end.
The current Dogecoin price analysis is pessimistic.
#DOCU nice #Rollercoaster short today#DOCU nice short at the open using W5T Rollercoaster indicator on TradingView. Framed the chart on a daily channel, marked out the gap (body to body not wick to wick just my preference) dropped it down to a 5 min chart
using W5T #BITS indicator to locate trades inside the gap. There were 2 nice trades $25 and $13 possible plays going down and one up.
W5T Elliot Wave, BITS, Rollercoaster working together today!I framed this chart with a 60 min channel, dropped down to a 15 min chart, and used our BITS indicator to find a great move. Added on Rollercoaster and found another confirmation this was a great trade. Isolated the wave count and found a nice 5th wave move during this trade. Dropped down to a 5 min chart to find my precise entry.
Grading a trade with W5T Indicators Running through the process of framing your chart, grading a trade, and taking signal entry locations. BITS confirmed a great trade with 9-11 yes reasons to take the trade and only 1 maybe/no reasons. Nice 30 plus point move 120 ticks. Reach out if you would like a personal live stream demo of these indicators.
HAL - Question answered on direction of Haliburton Here is my normal "grading a trade" mental checklist to see where we are. Weekly and Daily are wave 4 pullbacks and should gap down at the open for a 5th short. Resistance the last time at the center channel line was for 12-trading days before it finished it's drive to the top of the channel. This daily channel has been respected the last 29-months. Just my opinion and not trading advice for anyone out there reading this.
200 Point ES1 drop predicted a week ago almost to the tick! Nice 200 point drop in the ES that John and I predicted 9 days ago almost to the tick. If you aren't using high time frame channels to frame your charts you are missing out on really big moves! Check out Trading Views auto fib and anchored VWAP indicator. The W5T Roller Coaster indicator picked up some nice 400 tick moves on the way up. If you follow my Wednesday webinars at 7pm here on Trading View you will see how to grade a trade and last night I said I would not take that 5th wave move and it failed just like I thought it would. You wouldn't know that if you didn't grade your trades. Big shout out to John Garland for helping me figure out these levels and POC point of controls.
Did W5T Indicators give a early signal before 6/5/20 NFP report?I was asked by a fellow trader if the W5T indicators on the Trading View platform gave an early signal before the NFP report on 6/5/20 8:30am Eastern. Our Roller Coaster indicator caught the potential move and alerted to a long opportunity. In this video I went through how to grade the trade if I would take it. 6-7 reasons that said "yes" to going long and 0 or maybe 1 that said no. Very good trade that has kept on giving. Be careful!!!! Supply zone is right above us.
All ideas and comments are for educational purposes only and not trading advice - CYA policy
ES Long term channel & possible 4th wave pull backQuick run down on ES today. Long term daily channel has been respected almost to the tick. Last 10 trading days has not broken the center channel line. 15 min chart shows a possible 4th wave pull back right now. Keep an eye on it. We are above the 6/4 moving average makes me look twice. I don't like trading the day after a holiday. 5 Min Roller Coaster W5T indicator is popping off some really nice trades and "In the Groove"
W5T Elliot Wave I would not takeHad someone ask me about this potential move on ES 5 min chart. I wouldn't take it because of the lower volume, Fib 90/140 was way violated, and just don't have the "feeling" of it today. Maybe I'm wrong, but I would stay out of this one for now. It might pull deeper and produce a better picture or it might not!
Roller Coaster Update from tonights webinarI was explaining tonight why I wouldn't take a Roller Coaster short signal on our W5T Roller Coaster Smart List subscription that scans 21-22 symbols on 7 different timeframes for breakout trades. This is a follow up to that webinar showing it did drop to the channel and a little below as I thought it would. It needed to touch the bottom channel line first that is based on a 240 time frame on a 5 min chart.
Elliot Wave played out perfect this morning!Nice W5T Elliot Wave move on ES short 10 min time frame. Our Roller Coaster indicator picked up the 3rd wave move down before I got up early today. I got out a little early, but a great trade for 20 ticks profit. I left 12 ticks on the table, but hey a winner is a winner.