Sandp500
SPX Long TargetDYOR
Bull Case:
MACD : Bullish
Crossover
PRICE: Close above resistance level?
Volume keeps price moving up
Long target 4895
Thanks!!
S&P500
short for s & p in resistan zone
In :4559.9
SL:4584.2
TP:4498.1
after price down to 4525 get risk free .
(( always use STOP LOSS my friends ))
Seriously overbought. SnP 500. How long can it last? Take 2Long held trends tend to hold-up, well... long. I've labeled the chart with 2 of what I think are the most plausible EW count scenarios. It does allow to see where the risk and acceleration levels likely are. Only time will tell if the top is in, or if we are going still higher yet.
SPX/ S&P ShortMy idea, not an advice
S&P facing a downward trend, for a potential support after the recent all time high, before possibly making another all time high or a potential 'stock market crash' with all that high inflation data from the recent US CPI.
SPX 500 Retrace This is an idea not an advice
Likely retracement towards the 0.38 region, realistically most likely before having to make another ATH.
US500: Back to the basics ?Investors have always regarded the US500 as some sort of safe haven, with a common consensus that the S&P500 never fails to meat their profit expectations by breaking the records each month. However, this index has been suffering now for many weeks making many dips with lower rejections on the non horizontal resistance. For instance, technical analysis now can says a lot:
1- One final rejection: Price has been testing the upper trendline and if the last high is broken, then the US500 will be back to its basics making the buyers winning the bargain.
2- An Inverse Head n Shoulder: Clearly on the chart, the left part is lower than the right shoulder, meaning that price failed to break lower levels.
Will it go as expected ? Or is it willing to go for a soaring session ?
Time will tell...
~ Cyril
SPY wedge and channel.I think the chart speaks for itself. A break lower out of the channel is problematic, especially below 428. A break above this wedge in the channel, is a bullish scenario in my opinion.
s&P. simple setups that work.If you can see this happening in real time, which comes with practice, but it does come, you can bag predictable market behavior like this. Believe it.
SPY (S&P500) - Resistance, Support, and Trend - 09/05/2021The S&P500 (SPY) has been uptrending in price, on daily and weekly charts (2021).
Current price is testing the upper Trendline Resistance line.
Bullish scenario:
-SPY price breaks up above trendline resistance to test new all-time-highs.
-Resistance price targets: $453.38, $457.40, $463.83.
Bearish scenario:
-SPY price pulls back down to horizontal or trendline support price levels.
-Support price targets: $447, $440.39, $436.37.
Note: Any price close above $436.37 price level would still be a higher-low, on a weekly chart, for the S&P500 (SPY).
[-40%] S&P 500 SHORTSell when people are euphoric, bought when there is blood on the street.
Analysis :
- Bearish divergence
- Bullish channel - if we break the bottom, confirmation of the bear trend -
- RSI -> overbought
- Top of the yellow canal has been broken - the last time it was before the crisis of 2000 -
S&P500 signaling a drop? - more information showing throughI have been continue to monitor this chart for several months and called a SEP/OCT break up or down. It has broken down officially. This is where things get interesting. I will be waiting for next weeks open to confirm a continuation of the move before I am 100% sure. But this isn't looking good for the large cap companies.
S & P Reached 10 - year resistanceThis line of resitance has held up for 10 years. I wouldnt expect to see it be broken now. Given all that is going on in the world along with the Evergrande situation.... I think it's safe to say we've reached the top.
S&P500 | SPX - Further Downside?I see the correction that is happening, to me price has just not settled deep enough.
We will see what is happening.
I have a demo/paper trade showing, illustration purposes.
Manage risk and read the charts.
Repeat of 2018 Crash?Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the similarities, but of course there is no guarantee we see a fall of 25%.
S&P !!!Nice third wave extension, Looks like an ending diagonal expecting a breakout on the lower trend line with a bigger correction, massive bearish divergence.
s&p. fed announcement at 2 eastern. should get some movement on the fed announcement. My guess would be the reaction is downward, but I'm not going to be trading it so I don't really have any right to host an opinion.
s&p. forty-five minutes after open.strong rally to open. waiting for selling to resume. maybe it doesn't. this correction has been a long time coming. I would be surprised if bulls hold on.
S&P500 not aloud to go down?The buy backs on the main market indices have been interesting to watch lately, both the S&P500 and the DJI have had some sharp sell offs from our ridiculous highs, only to be met with extremely strong buy backs the following day almost making it easy picking for a top up on your position.
I had an interesting discussion with a mate of mine last night throwing around a few theories, that whilst Interest rates are low the bond markets are dwindling, cash is no good to hold because of the looming inflation, bond markets are a contract to lose money right now so people are looking for "riskier" alternatives and taking more interest into the stock market or even crypto currencies.
You see there idea of money flow is like this \/\/
Cash = Benchmarked against inflation (Your cash is losing buying power every day so you need to get rid of it somewhere)
Bonds = Benchmarked against Cash (This is a safe place to avoid the loss in buying power against inflation however low return, considered a risk free return)
Index = Benchmarked against Bonds (A little more riskier than the bond market with high potential reward although potential for short term drawdowns or bear market which is opportunity cost)
Active port folio = Benchmarked against Index (higher risk that an index, requires more skill, research and time, can offer fantastic rewards but much higher risk of not being profitable at all)
Gambling = Benchmarked against Active port folio (Super high risk, penny stocks/crypto/start ups etc, throwing money on punts for one last hope of making bank, 99% of the time ends in tears)
As more and more people jump into the markets with very little education or experience or simply high expectations, then the old avg of 7-8% return buying the market seems like an underachiever right now so people are looking for riskier options to beat the market.
There is no surprise of the influx of new "investors" making there way into facebook groups and shilling random penny stock companies and meme coins in the hope of 10xing there money in a week that we are seeing over valued pricing in the market as people rush to "diversify" into whats hot right now.
Some with a basic understanding might be out there loading up on various ETF's or market trading index funds which can also cause an increase in buying activity into these large cap companies which only contributes to the over evaluation of the entire market.
Seeing a PE ratio of 80 right now is considered low lol, if you dismiss this company as over valued based on a PE metric then your most likely going to be missing out on a lot of upside as people continue to buy into the market looking for safe havens or dreams of becoming overnight millionaires, and if the gov continue the QE program then we are going to continue to see these assets being bought up in bulk.
Crazy times, but just got to roll with it
