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Sandp500

S&P 500 / SPY Breaks Down to Support, Bounce or Larger Crash?The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger correction. Part of the reason that I'm looking at the S&P500 even though I mostly focus on Bitcoin and cryptocurrencies is that the correlation between the two has recently been quite high, and they have both been retracing in the past few days, so a recovery in the S&P500 could also bode well for a recovery in Bitcoin and the wider cryptoassets. The key level to watch is 4175. If this level holds, then we remain above the trendline and can expect another leg up. If we close below 4175, then be prepared for some volatility upon trendline break as we might have formed a double top, which will likely also trickle over to Bitcoin and other risk-on assets as well. Of course, it's possible that what we are seeing is similar to what we saw back in March, when price failed to hold a higher high, broke down a bit, and then rallied higher. If price does break down, then the 200 day moving average at 3900 should serve as ultimate support, though I'd think that the Biden administration and the Federal Reserve would have stepped in before that happens.
SP:SPXShort
by cryptotraderog
7
S&P Bounces Off Trend Channel... Again!Good news! We have another bounce today off the yearly trend line on $SPY. We've been tracking SPY and this trend channel for awhile and this has been our 6th bounce off the bottom of the channel! This trend channel has proven to be a good buy opportunity whenever we bounce off it, even though SPY has seem resistant at breaking new highs. I expect bullish momentum to continue forward as monetary policies remain the same after this weeks FOMC. Inflation is expected to rise but since interest rates remain low, it will continue to be a buyers market. Something interesting to be looking for is next weeks Fed Balance Sheet report. There has been a high amount of cash sitting on sidelines which in turn compels high amounts of liquidity flowing into Fed reverse repurchases (Reverse Repo). If we see lower numbers on the next report, this means institutional money is flowing back into the markets.
AMEX:SPYLong
by WaisTrades
1
S&P 1 hour. Going for new highs.S&P made a new all time high to end last week. I'm thinking it might just go ahead and run higher through this next week. If it doesn't then I will shift my bias until the market and I are on the same page, but for the moment I would be thinking blue skies above. On the far right (price) it is sideways. But in order to get to where it is now it had to break a lot of bearish obstacles. New highs means that the toughest work is behind it, even if that is only for a short while.
CME_MINI:ESM2021Long
by emehoke
4
Bitcoin and U.S. Bond Yield: A True Love Story When investors were fearful of the growing inflation they were looking for an asset to hedge against this madness. They used to buy gold back in the days, but recently they found Bitcoin, which has many advantages compared to metal. So as we know, whenever investors lose confidence in the market they drop bonds driving the US10Y up, but they seem to buy bitcoin instead. It appears that investors are predicting the market by moving their funds in and out of the big crypto, which might explain the delay between these charts (white arrow). As you may notice, US10Y seems to be a few days behind BTC. Although, these charts are out of sync, they proportional. It looks like for every 3 points movement in Bitcoin, US10Y moves 1 point (See the blue arrows). When Bitcoin broke below its trendline on May 11th it dropped nearly 33%, while US10Y broke below its trendline on June 8th and dropped around 11%, hence the delay and proportionality. But considering the death cross and the massive head and shoulder that are about to complete on the BTC chart, Bitcoin may not be done dropping: So if it drops another 48%, US10Y should also drop but as much as 16%. Although, we are already anticipating a drop in the yield considering the CPI report released on June 10th: What does it all mean? It means: Money tunnels out of Bitcoin into Bonds and vice versa Yields react to the previous point. Lower Yields should result in the following scenarios: 1-Apes are going to have another run 2-The growth market should gain momentum 3-The speculative stocks should go up. Please share your thoughts and theories in the comment section below.
TVC:US10Y
by MarkitMaven
16
US500 4229.4 SHORT IDEA + 0.86 % * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE US 500 INDEX FROM A 4H PERSPECTIVE. Will be looking for reversal patterns for this trading plan to be effective a break above of the resistance level changes the plan. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
UShort
by PULEMokhothu
Short S&P 500Hello everyone, one of my best analyzes. We are near the end of a cycle, it should end before 2027. The fibonacci retracement follows the crash of 1929, which is also the start of the uptrend. We can see that we have only exited the yellow channel twice. Once from 1997 to 2001 and again from December 2020 to today. The bullish trends inside the bullish channel end when the white support line is broken. The second bullish base lasts about 70% of the time of the first, if we project that the third bullish base should last around 6500 days. When we have been above the 2 years * 1.2 EMA there has been a decline each time, we are currently above that moving average. The RSI: We can see that every time we hit or cross the 77, it follows a decline. Crashes are preceded by a bearish divergence, there is currently an unconfirmed bearish divergence. The crashes lasted 2250 days and 3100 days, each time we returned to the previous level of fibonacci and the channel support. If this is repeated we can expect a drop of more than 35% from the current level.
TVC:SPXShort
by HolderYoda
Signal crashing. Just for fun. Keeping myself engaged.I am pitting two of my favorite signals against each other. On one side, we have the downward sloping 20/50 sma’s. The challenger: a semi robust reversal chart pattern. The chart pattern isn’t a ‘perfect’ one, so I wouldn’t trade it regardless. Even if it does work. It’s ok to be picky. ——— Please kids don’t trade this way at home. Do a multi timeframe analysis on all of your trades. I’m just letting my inner child have some time with the charts.
CME_MINI:ESM2021
by emehoke
ESM2021. Reversal crystal formed off .5 reaction.S&P looks like it will be reversing. By that I mean the recent bottom may have revealed itself. Bulls will worry about the previous price consolidation that it will be encountering shortly, but there are a lot of good bullish elements to suggest that they will power through. The dip and recovery at the .5 level on the fib two times in a row should be satisfying the longs as well as the profit takers. If things remain in balance (which can be a big 'if') we can predict that a further impulse is on the way. I don't see much weakness in the market. You could use the story-telling method. People might not be certain that the stock market can continue bullishly with Biden instead of Trump. So far, this narrative has been disproven. Based solely on the evidence available from the chart it seems like a healthy bullish market. My worst case scenario is that we see another low before the reversal. If you are looking to buy and hold for long periods of time, like how the people with enormous holdings are doing, you would think what just happened in the markets is a gift from god, and you would probably be buying aggressively. I think that's exactly what created the reversal pattern.
CME_MINI:ESM2021Long
by emehoke