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Sandp500

BEAR TRAP OR BULL TRAP?Is the market breaking out or still correcting? I can make a case for 5 waves up from March with a correction that potentially started in September. This could also be the start of wave #5 which puts price a good bit higher. I cannot determine that yet- price would need to drop hard very soon to convince me of a continued correction. There's just one red flag on this chart worth watching. The heavy pink line is the put:call ratio average. It is potentially reversing which could signal a trend change in price. As price moves up, the ratio drops. As price moves down, the ratio increases. This provides an excellent gauge for true sentiment. Tracking the price direction, volume , and the put/call average can really help identify where the masses are throwing their money. Always being contrary isn't wise but there is a time & place for it if you know how to identify a change in the wind... one way is to wait for the wind to change!
CME_MINI:ES1!
by gghsusa
US500 - approaching TP3S&P500 approaching TP3 With our stocks strategy we work to a TP3 target. The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
ULong
by pow_removetheguesswork
GLOBAL CRASH INBOUND?As charted, everytime we see a Ichimoku CLoud break in the VIX ( Volatility S&P 500 Index ) we see a strong rally out of it. The most recent example of this is on the 13th Feb 2020. Inversely proportional to the VIX , the S&P 500 Index has massive negative price action, represented on the 21st Feb 2020. Coincidence? I think not... Since the beginning of COVID19 governments around the world have been scrambling to control there domestic economies by all means necessary. It's of no secret that there is a huge amount of Global Hyperinflation and we are starting to really feel the effects of what this virus has done. Nothing is guaranteed and we have deflected out of Ichimoku Clouds before to stabilise as represented most recently on the 31st July 2020, (Remember though that the S&P 500 still dropped close to 6%) Currently looking at price action on the S&P 500 Index entering the cloud doesn't fill me with confidence, along with the VIX ( Volatility ) shaping up to break through the cloud and destabilise the S&P 500 . This isn't just isolated to the S&P 500 Index , check out all the other Major Indexes to see the relationship. America is about to enter "Flu season" (Winter) and it has the Presidential Election coming up. This could be shaping up for a BIG ONE.... Will history repeat? These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTA. Happy Hunting!!! *Prices will differ depending on charts used
Editors' picks
TVC:VIX
by Trader_Johnni
70
S&P 500 - Pullback Before Bullish MoveOn the matter of the S&P 500, I am long-term bullish. In fact I posted an idea suggesting $380 SPY within the next quarter. After a second look at this past week's price action, I still believe we'll hit $380 SPY, it most likely will be in 2021 though. We've had quite the bullish momentum running for awhile. I think an appropriate step back is about to take place. I am unsure on the finishing price point of the fifth wave, there are just way too many factors to consider. But I believe this will play-out before we see more bullish mania.
AMEX:SPYShort
by ericisom887
5
BTCUSDT | Bitcoin has crashed but is the growth phase finished?Overview Bitcoin broke up through $12 000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election. However such explanation can describe short-term effect on Bitcoin's price action but what about long-term perspective? Fractals Bitcoin global ATH $19 798 was reached on December 17th in 2017. Afterwards the whole cryptocurrency industry entered a consolidation phase decreasing until April 2nd in 2018 when a new growth stage started. After 3 months of ascending trend Bitcoin made a local peak of $13 970 on June 26th where consolidation started again making a Fractal pattern. Why are these Fractal patterns so important now? Bitcoin price action tried to consolidate at previously broken resistance levels to stop crashing during the first Fractal in 2018. Retrospectively we can see it failed after several attempts reaching major support which was also rejected thus it resulted in a dramatic crash to base level of $3 156. Currently we see the very similar situation: - Local support of $11 400 was broken - Previously broken resistance level of $10 400 level is being tested but has low probability to withstand Based on the Pitchfork and trend analysis we see a high probability of breaking down the level and further retest of major support level. Which will confirm repeating Fractal pattern and will signal for descending trend Conclusion Bitcoin is at decisive moment. The long-term price action development depends on whether BTC succeed to consolidate above $10 400 level or not. Most traders from SkyRock Signals think Bitcoin will break the level within next days because of bearish fundamental background, negative results of trend and technical indicators analyses. The scenario will bring the leading cryptocurrency to Major support near with $8 893 level. On a contrast with the first Fractal this level is close to fundamental production value which increase chances of bouncing back. However it is hard to accurately forecast what will happen when Bitcoin touches major Support because Fractal patterns do not guarantee retrospective will happen again. The most important now is to set tight risk management settings to your cryptocurrency assets positions until decisive moment is passed Stay safe and confident. We will update this trading idea so stay tuned Best regard, SkyRock Signals team
Short
by Skyrexio
2
S&P500 all the way to the moon? where is limit?well. I was counting this for almost 3 weeks as bearish but all the possibles got invalidated we are at a level the there is no resistance level in front so it is hard to predict the limit. first lets have look at the monthly chart. I need to mention although it might look as an expanding triangle but the dimension of this triangle dose NOT meet what is written in the text book for example the book say :Subways B,C,D each retrace at least 100% but not more than 150% of the preceding wave" Elliot wave principle , Frost page 91. this is invalidated in out case all we have now is just a trend line that connects to peaks and RSI I am gonna make my prediction mainly based on RSI. The monthly RSI has a resistance level at 68.6 the weekly RSI is also near the bearish resistance level at 68.8 based on these evidence I can guess the market will crash at some level around the box plotted
UShort
by Analyticssage
4