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Sandp500

S&P 500 Index SPX Next Buy Points From HereS&P 500 Index - Update Next Buy Points A fantastic clean break gave an entry at 2635 and showing about a 60 point profit so far to add to the massive short on this index right down to the lows on Monday. So far this has been the most profitable week for shorts and then longs on the major indexes for over 2 years. We've had the easy part, now it gets a little more difficult again... It's now probing resistance at 2700 and can come back to 2668 before rallying again. So can close down the long or alternatively place a stop close under it to trap in profits if it does come off more from here first before the next rally kicks in. On the upside there is resistance potential stretching from 2700 up to 2715 - it has to penetrate and hold 2715 to trigger the next long which should take it to 2732 to begin with and then after consolidating to 2762 and close to the upper rising parallel where will look to take profits again if touched. On downside, if it comes off from here back to 2669-2660 line will look to buy here with stops below 2260. Any break below 2260 will signal a retest of the lows - and if we see this will look to buy again from there. Otherwise can run this long but with stop quite tight under price from here to trap in profit if it does fall away to 2669 first.
SP:SPXLong
by sumastardon
S&P 500As per the long term chart of S&P 500 www.tradingview.com Below are my review points 1. MACD shows overbought character , which also reflects in price and volume 2. From last two years there was a steady uptrend with few corrections 3. As per my Analysis s&p will hit 3000 mark end of march 4. We can still rely on technical analysis , as there are no fundamental news coming in . 5. In the last few days price dropped more than 100 dollars , which i see a major correction , as price was increasing exponentially in last few weeks and people made shit load of money 6. Those who are still betting on their long positions might do panic sell and bear losses 7. Price might drop further more and can hit support level 2600 in another week's time 8. Good entry would be 2600 or earlier if we see any uptrend move 9. I am relying on MACD to become neutral Please invest on your own risk Idea : Sell( short term ) : Buy ( Long term )
SP:SPXLong
by ChiranjeevChhabra
Opportunity to short S&P 500Every one on the Street talks about incoming crisis and 5%+ downtrend for main US indexes. I suppose every trader should use such opportunities and open corresponding short positions. What we have for S&P today? 2017 and January 2018 made it extremely overbought - RSI was on 86, the last time we saw these levels during 1980 rise, and it was followed by 21% correction. Bad news from Apple (3.5% of the whole S&P) and unjustified tax expectations made the trend line breakout, with a wide gap. RSI has approved the signal by breaking through 70 (the most reliable RSI signal). Combing these factors all together I see a safe trade opportunity and open a short position. The best tactic for TPs is to close step by step. I am going to do it in three steps, as I show on the graph. I also put my SL very closely, because we still have a bull market, and I don't want to take additional, very possible risks.
SP:SPXShort
by ArtKon