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Analytics spx 500 index: Complex correction, new look.Today we are here to talk about the SPX 500 index Today: The index is trading at 3900 and yesterday we saw the stabilization of the market that I expected earlier. Here is a link to the idea. Today I expect a continuation of the developing correction. However, this will not be a real sharp drop, although the decline will be significant. I believe that the market has fallen to the 3750 zone and will try to turn around there to go to 4000. This will be the positive scenario that I talked about yesterday. However, such a development, although it is joyful in itself, does not cancel the further correction to the 3550 - 3480 zone. But this is still about the future, but today I am waiting for the next one. Today we are waiting: Today, I expect the market to decline to the 3780-3750 zone, however, if this trend is broken, the market will continue its growth to the level of 4050-4000 What I recommend: If you want to go short: It is better to open short positions from the level of 4010 - 4050, but limit your losses. If you want to buy: Buying is now too risky in the market. However, if there is a positive scenario on the market, then you can enter the market from the level of 3700. If you want to buy, it is better to wait for a favorable price. If you are not in the market: You can try to go short from the 4010 level or wait until the market hits a local low around 3700 and then buy, but limit your losses. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my knowledge of the market and Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
SPX 500 index: On top of the hill - Last attempt to take 3850. Today we're here to talk about the SPX 500 index Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a possibility of price movement to the level of 3830-3850 on the market, but this isn't necessary. Today we are waiting: Today we are waiting for an attempt to move to the level of 3830 - 3850. There is a probability of such an event on the market, but this probability is not high, and if this attempt is broken, then I expect a sharp movement to 3550 - 3480. What I recommend: If you want to go short: It is better to open short positions from the level of 38 35, but limit your losses. If you want to buy: Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market in the region of 3550 - 3480 and buy there. If you are not in the market: You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
SPX: Potential Corrective Trend 1D (May 12)X Force Global Analysis: The S&P500 index has been showing a clear bull trend for the past few weeks. However, as the "V" shape recovery takes place, we witness a weakened bullish momentum, and a probability for a corrective trend to take place. In this analysis, we explore the bullish and bearish technicals to determine the probability of a correction. Bullish Evidence - First of all, it's important to note that we have broken through the descending trend line resistance, marked in the dotted red line - In doing so, we have created what looks like a reverse head and shoulders pattern, a bullish reversal pattern - The Relative Strength Index (RSI) shows a clear uptrend, with higher lows - And the Moving Average Convergence Divergence (MACD) still demonstrates bullish histograms after a golden cross Bearish Evidence - However, based on Elliott Wave counts, there is a probability for a corrective trend to take place - We have seen a clear Impulse Wave count (12345), and are expecting a Corrective Wave (ABC) to play out, possibly down to the 0.618 Fibonacci support - The MACD is looking for a death cross, with decreasing bullish histograms - It's also important to note that while we have been in a bullish trend for the past few weeks, the EMA (Exponential Moving Average) Ribbon has not converged yet - Thus, solely based on the EMA Ribbon, it's too early to confirm the continuation of a bullish trend - Moreover, we are not only testing the upper Bollinger Band resistance, but the band width is also narrowing - The narrowing of the band width usually occurs before a big move Market Sentiment: Surprisingly, the market sentiment still remains at fear, as we are at 44 on the fear and greed index. This indicates that the market participants are cautiously bullish. What We Believe We believe that a correction is highly probable, based on Elliott Wave counts, and a number of other bearish indicators. However, should we see further bullish momentum from this point, it could serve as a confirmation for a continuation of a bullish rally. Trade Safe.
TVC:SPX
by XForceGlobal
2
Covid crisis and S&P500The previous resistance at 2635 was broken after 3 attempts and now, forming the new support line at that level. New resistance is currently at 2810 and has been tested twice. Look like it might head down a little before trying the resistance again. The stock market continued to rise last week, even as Labor Department data continued to show signs of high unemployment level. The most straightforward reading of the mismatch between the stock market and the labor market data is that Congress did a much better job preserving the value of capital owners’ investments than of saving jobs. Another reason might be that investors have gotten very optimistic. It’s true that intense restrictions on activity seem to be effectively slowing the spread of the virus. And it’s true that the Italian and Spanish experiences suggest that means that we could be seeing declining deaths and case volumes by the end of April.
CME_MINI:ES1!
by Trader_hao
Rallies in 2008 relative to nowDuring the 2008 financial crisis, there were 6 different rallies before the market really bottomed. The rallies ranged from 9% gains to up to 26.5% gains right before it took a 30% dive and bottomed at $665. Afterwards, it just took a bull run for the next 10 years. What we can gather from this is that, any rally might just be temporary and potentially, there might be a sharp downturn after this bull run for the last 2 days similar to the last rally in the 2008 financial crisis. That might also signal the bottoming out which can be a good entry point to start entering the market.
TVC:SPX
by Trader_hao
QE release, long SnPAs requested by many to take a look at equities market, i shall do some basic analysis from now on on the shares market in US and globally. Equities Market just surged for futures of S&P500 because the Federal Reserve Unveils Unlimited QE Amid All-In Effort to Confront 'Severe Coronavirus Disruptions'. I think this is the first time its ever done an unlimited QE and this could help revive the economy. Its gonna be a massive bailout. The Fed will buy unlimited amounts of Treasury bonds, and purchase corporate and municipal debt for the first time, in an historic effort to defend the U.S. economy from 'severe" conoravirus distruptions.
CME_MINI:ES1!Long
by Trader_hao
Short on S&P500 but long term buy opportunity afterThe S&P 500 index is a benchmark of American stock market performance, dating back to the 1920s. The index has returned a historic annualized average return of around 10% since its inception through 2019 and thats a good representation of the market. Compared to fixed deposits, yearly returns ranges from 0.5%-2%. While that average number of 10% may sound attractive, timing is everything - get in at a high or out at a relative low and you will not enjoy such returns. Inflation is around 3.15% yearly so the actual returns is only at around 6-7%. That said, its still better than parking your money in the bank and gaining that 0.05% interest. So thats why its important to time the market and enter at the right time. If you had just entered into the stock market 1 month ago, your probably would have lost 30% of your funds that you use to enter.
TVC:SPXShort
by Trader_hao
S&P500 due for new lowsYesterday was a very significant day for the S&P500 (/ES futures), and the associated indexes. Intraday, it was an interesting experience to see the index flat out, in some sort of anticipation, then react with a surge on the surprise news break of a 50 point rate cut. And only to be digested badly with more fear being stoked and more downside that followed to close near the day’s low. While the candlestick pattern shows a bearish follow through, perhaps what is more important is that the relief rally is done and dusted. Previously marked out green box is where the relief rally was expected to end. The technical aspect with that point was multi-fold... with a meeting of the trail stop, and a resistance level, it was also a point to break the downtrend (within a large range). In the intraday 4H chart, it was also the meeting point with the 55EMA, which of course, it had failed. The close of yesterday’s candlestick was also a breakdown out of a wedge. Remember that previously, the S&P500 broke up and out of a rising wedge, only to re-enter the wedge, and follow through to exit the other side. This story was completed within 7 days last week. And with the second breakdown of the wedge, more downside can and should be expected. All these point to a lower low , by middle of next week, as marked out by the 🔴 red circle 🔴. And perhaps even further down towards 2500. BEWARE!
CME_MINI:ES1!Short
by Auguraltrader
ES1 (S&P500 futures) just topped out!Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown. MACD has given an earlier indication of a drop, after pattern completion. THIS IS a topping pattern, and it is of high probability that the S&P500 topped out. Now waiting for it to continue the downward momentum and break the trend line support. But not before a rather lame attempt on daily charts next week to recover somewhat and reverse down again. Watch for it...
CME_MINI:ES1!Short
by Auguraltrader
Longterm ES ChartThis is a monthly chart that shows important relationships in terms of price and time. As we can see, through the 2008 crisis the market plunged almost 60% and saw around 350% increase thereafter, painting an all-time high in September 2018. Currently, the 10-year-cycle is seemingly done and another big selloff in the equity market appears to be zooming. The 25%, 33.33% and 50% areas from the all-time high are potential targets and reversal zones. Selling into strength seems reasonable here.
CME_MINI:ES1!Short
by Zoen_Trieste
7
Part 10 - Risk-off August - SPXUSD 4HSNP500 – Resistance & Support: Resistance: 2835.00 / 2875.00 / 2920.00 Support: 2785.00 / 2700.00 / 2600.00 / / 2500.00 / 2475.00 SNP500 – Summary: Expected to complete Intermediate B (red) correction at or around the 2835.00 Levels. Impulsive Bearish Wave expected to start at or around the 2835.00 Levels. If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 2875.00 Levels. In case of an imminent spike in volatility and a massive sell-off to occur, then SNP500 could pose sharp losses even until the 2500.00 levels.
FOREXCOM:SPX500Short
by Lionheart-EWA
1