SPX500 - Bounced from 50 Fib - LONGSome soft of consolidation is required before moving higher up. SPX lost momentum yesterday, was pulled back. We are still seeing bulling movement which might climax on Friday late afternoon (before G20).
If G20 summit opens a door for further negotiations between Trump and Xi, we shall see another ATH or at least confirm it.
-=Never give up=-
Sandp500
TRADERSAI - A.I. Driven Model Trades for FRI 06/14Earnings and Economic Headlines to begin to Replace Geopolitical Concerns?
No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to consume investors' sentiments today, heading into the weekend.
Detailed trading plans at TradersAIdotCom under S&P OUTLOOK for FRI 06/14
S&P looks bullishIve switched my position from bearish to bullish considering the FED delayed interest rate hikes until possibly next year. Possible target for this S&P index is mid $300's.
Forming an inverse Head and shoulders with a strong right shoulder compared to the left which is very bullish.
Intermediate - bullish (1 year)
Macro - bearish (3 -10 years)
SPX reverse off horizontal swing high resistanceSPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P 500 Bullish until July?After further analyzing the trend the S&P 500 continues to find support on this uptrend channel as well as the RSI on the Daily time frame. This leads me to believe that the S&P 500 is going to continue to rally higher. Next Target for me is 2992. This of course is negated if the upwards supporting trend line is broken on both the RSI and the price. Eventually we will have to get a break out below the support and undergo a correction and based on the timeline I am looking at we could continue to rally until sometime in July or late June. So for now go long my previous short position was closed at the support level since it did not get broken. So for now longing is the way. :) If you like my analysis give me a like and follow for more content thanks :)
Possible inverse head and shoulder forming?The S&P has finally retraced back to the all-time highs! However, there are quite a few Bearish divergences forming in the chart which leads me to believe a larger correction is coming. This possible correction may lead to a potential inverse head and shoulder pattern which in return is Bullish for the macro trend. If we were to retrace back down to the.618 fib level then rally back to retest all-time highs, we could get a bull break that can take the markets to new highs. For now, we wait and see what happens but the overall macro trend is bullish so far. The recommended course of action is to buy the dips if you're a long term investor or if you want to trade open up a short at current levels and see if the market pulls back. If you like my analysis please leave a like comment and follow will gladly appreciate it :)
Angle of the January-April Bull Rally Is One of Many Red FlagsSPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe, slowing China) and oscillators which indicate overbought, SPX is probably in for a bit of a healthy pullback.
S&P 500 Continues To Head HigherLast post: March 20th 2019. See chart .
Review: Price was at a level of support.
Update: Price has since bounced off that level of support and continued to move higher.
Conclusion: The next major area of resistance is the previous all-time high. If price can break this level then we should see big bullish moves in US stocks.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
SPY Market Maker Stop Loss Hunt Will Begin Soon. Short time.The market has been roaring up since the december lows.
We are nearing huge resistance around $280's.
I believe we will surpass resistance only to come back down again and crash.
If you like the analysis, please like and comment.
Buy long term shorts around $284-$286 SPY.
-Shaggad
Spy update 8Mar2019 @CyrptoKnee's....not the bot that post this Got the bounce kind of in no mans, or womans, land. Is it a C or a 3? will have to wait to C...see. Price action channel and an EW channel within to project the 4. Is the scary correction over? We will have to wait and 3...see...dammit.
S&P 500 Demolishes Any Chance of RecoveryAloha, trader! Welcome back to another S&P update.
If you've been keeping up with our posts, I noted over the weekend that traders should be watching the S&P 500 index, on the brink of a crash. This week, that crash has been playing out, destroying the 2 month bullish rally we've been seeing. Today was a big day for the index, as it needed to beat possible support at around $2755. The bears have won yet again, however, and as we predicted, S&P smashed below. We can expect further bearish price action.
I still estimate the index to drop as low as $2500, but perhaps faster than I had originally imagined for such a large fund. Nevertheless, I will hold my short on the index by longing shares in SPXS. I do not expect any noticeable bounces to occur, MACD for the index is strongly indicative of more bearish action, but we've seen crazier.
We've been right about the initial S&P drop, the crypto breakout and Ethereum rally, will we be correct about about a second drop for S&P?
Thanks for reading, leave a like if you agree!
S&P 500 Crash Playing Out as ExpectedHi, all.
Over the weekend I recommended looking into shorting the S&P 500 index, as it looks on the brink of a crash. Today, we can already see this breakdown taking place, as the index dropped nearly 11 points today, producing fair returns through SPXS (triple leveraged reverse index for the S&P 500 index). However, we must not assume that this drop reflects the crash just yet.
The MACD chart shows that the index is going bearish in coming days, but we must remember similar pullbacks like the one today may happen all the time. Additionally, we can notice that buyers pushed price back up after the initial sharp drop. This could indicated possible bullish action in the near future. Despite these arguments, however, I still hold that the index will eventually drop to around the $2500 level before bouncing on the support, but may possibly rise back up to around $2850 before really crashing.
For the time being, I am going to continue to short the index by buying shares in SPXS. Thanks for reading, leave a like if you agree!
S&P 500 whats next?Update on the S&P after calling for a reversal at the 200 Weekly Moving Average back in December. Now the S&P 500 has exceeded my expectations and broke above prior resistances pretty easily. For the bullish scenario, I would like to see the S&P 500 to maintain support above 2700 and consolidate sideways to then breakout to retest the 2800 level. Any break below 2700 are Bearish signs and could lead to a steeper correction. But for now, expect minor pullback with some sideways movement in the short term. If you agree and like my analysis please like and follow will update again soon :)