5 WAVE S UP IN SP TARGET 3126 TO 3181 FOCUS 3162 IT IS NOW CLEAR THAT A CLEAN 5 WAVES UP IS AT AN END .I have moved to a 50 % net short tues in qqq and spy iwm is nearing the taget zone of 164 plus or minus .5 and hyg is ending the rally gold i am net long nugt and wil take a 5% gain today and wait for last of cycles to bottom . the cycle low in sp is due 12/4 to 12/10 BEST OF TRADES
SP
SPX - Bearish RSI Divergence - 2000 - 2007 - 2019 Quick one here.
SPX is displaying a strong RSI divergence (as indicated on the chart) similar to what we saw in the lead up to the tech wreck and a brief divergence brief to the GFC.
This does not mean the SP-500 will crash overnight, but it does signal that momentum is no longer congruent with rising stock prices.
Another piece of information to bear in mind.
Don't be Fooled - Best Recession Indicator Flashing Red - SPXYes it is nothing new or original, but it bears repeating.
The inversion of the 2yr and 10yr US yields still remains the holy grail of predictive indicators, once these yields invert (the 2yr yields more than the 10yr) start your stop watch to recession.
DO NOT BE CAUGHT OUT
Protect your wealth that you choose to hold within the financial system, think about taking profits now near ATHs.
Stay safe out there.
S&P 500 Index Dead Cat BounceTake a look at the SPX, a bounce is taking place but I don't think it will last long.
This bounce can either start following right away tomorrow, Monday or hit the ATH resistance once more and drop again...
We will see how it develops.
Sell the bounce.
Namaste.
THIS IS NOT FINANCIAL ADVICE.
ALL THE INFORMATION SHARED HERE IS FOR LEARNING AND ENTERTAINMENT PURPOSES ONLY.
SP-500/ Gold - How to Buy Shares 90% Off - ValueCyclesSP-500/ Gold - #ValueCycle Analysis
*Note that the vertical price axis reflects the number of ounces of gold required to purchase 1 share of the SP-500
*I understand there is a lot going on with this chart, but bear with me as i walk you through it (see worked example below)
Macro Analysis: Lower Chart
- After the lunacy of the tech wreck in the late 90's into 2000 the ratio peaked at just shy of 5.5 oz to 1 share of the SP-500 (obviously this would be more pronounced if we were looking at the Nasdaq)
- From the peak in 2000, the value of the SP-500 has plummeted largely unabated until 2009 - 2011, finally hitting a low of around 0.5 oz at the time of the financial crisis and the introduction of Central banking QE,
- This means that had you utilized this pricing/ entry method you would have been able to sell your shares at 5.5 oz and buy them back for a 1/10 of the price (illustrated with the red arrow)
- This eventual bottom also coincided with the 90% bubble fib retracement level (a useful level, few people utilize)
'Near-term Analysis: Upper Chart
- As you can see the SP-500 has stalled at the 38.2% fib retracement (possibly a dead cat bounce on the way lower)
- This, coupled with the broader macro economic outlooks (weaker economic data, weaker manufacturing and greater Geo-political tensions) makes a strong case for this to result in higher gold prices (thus a lower ratio of stocks to gold)
- I think it quite likely that the Fed will have their hand forced and will resume QE or some other form of stimulus to prop these markets up, but the beauty of this system is that you are pricing the assets in a more stable, non-inflationary numeraire, one that under such QE/ central bank intervention would thrive (thus revealing the true depreciation in value of the underlying)
Putting it all together: An example
- E.g. Sell your 10 Shares of SPX at 5.5 oz (red arrow) = 55 oz ($250/ oz) = $13,750
- Re-enter stocks at the green arrow for 0.5 oz/ share = 110 share of SPX (55/ 0.5) = $104,500 (55 oz times $1900/ oz)
- Convert your shares back to gold (2nd red arrow) at 2 oz / share = 110 shares times 2 oz/ share =220 oz = 220 oz times $1520/ oz = $334,400
Total return = 2432%
But more importantly, you have been able to leverage your existing holdings to acquire a non-depreciating asset, in this case gold (but there are many, many different options available to those who can properly utilize this strategy).
If you liked this idea, let me know, give me a follow, thumbs up and follow my Twitter so you never miss a trade/ investment idea a
Short Movement Expected on FTSE China A504H CHART EXPLANATION:
The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.
DAILY CHART:
es, spy, day trading for Sep 16thfor ES add 4 points to all chart lines,
Nice gap down open in a balanced over night session. so will be watching the red zone for directional trades. Inside the Red zone will trading it as a range but will be leaning more to teh short side and a up move before that would be great.
On open will mark on my chart the half gap as a rejection point.
ES1! SPY SPX - S&P500 Channel TestSince August 2019, the S&P 500 has entered into a "Channel" formation between 2823-2946, with trading being quite choppy ever since.
Despite the market's volatility throughout August, it appears that the S&P 500 is making strides in trying to exit this "Channel" pattern to the upside.
Two indicators to support the S&P500's move higher is:
1) The S&P 500's rising RSI momentum ("Higher Lows and Higher Highs") indicating investors are steadily moving back into the index; and,
2) The S&P 500 is still above its green trend line indicating that the upward momentum is still intact.
If these two trends hold, we could see prices making a move higher to 2980 - a Key Monthly Resistance Level (Blue)
SP500 Short Opportunity by ThinkingAntsOkThe Main reasons to think that a bearish movement is about to star are the next ones:
A) Same situation than the bearish movement in October 2018
observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario.
B)The current Technical situation on the 4hs Chart:
-The price is facing a Resistance Zone
-Volume decreasing ( Weakness of the bullish movement)
-On the resistance zone, we can see a Pin bar on that area (reversal pattern)
-On the 15minutes chart, we can see divergence on the last movement that is making.
Based on this, we expect a bearish movement to start at any moment, if that happens we will be looking for short opportunities on the first Corrective structure out from the ascending trendline.
We will cancel this idea if the price keeps rising above the current Resistance zone.
Updates coming soon!
SP 500 Short PlayI enjoy making charts simply to see how close my ideas are, (disclaimer: I don't trade every chart I make), this one is no different. I am not holding anything in SP 500, but the bigger picture seems clear, headed to a bear market. My best guess is that we fall into a bear flag from here. Watch the RSI for confirmation, we could rally, make a lower higher and a higher low, typical bearish set up.
Short Entry : 2500
Short Target: 1500 - 1200
S&P 500 Index Drops Below Support (Is This It?)Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential.
Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower.
You can see all the signals and details of this drop before it happened here:
Make sure to hit like to show your support.
Thanks a lot for reading.
This is not financial advice.
Namaste.
S&P500 ALL TIME HIGH IS CLOSE!Hey!
It's time for a brand new S&P500 analysis.
S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further.
NOTICE:
YELLOW LINE : Broken trendline in the middle of the other two.
RED LINE : The bottom trendline which is the current support IF S&P500 falls.
LIGHT LINE : Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500.
ORANGE LINE : The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500.
DARK BLUE : The current horizontal support level. ( This is more likely to happen rather than RED LINE )
The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish.
Pst. Click that follow button by the way! ;)
See you soon!
-JJ-
S&P 500 Index Will Crash To 2400 Sooner Rather Than LaterS&P 500 (SPX) has been maxed out for a while now, and I am quite bearish on this index as you might already know from my previous analyses.
The reason I am bearish is because of the signals that I getting from the above chart. So come and read these signals with me, and later share in the comments section and tell me what you think... Let's get started!
S&P 500 Index Prints Additional Weakness
Our main focus for signals in past analyses was mainly a bearish divergence on the MACD and RSI, but now additional weakness is showing up:
On the chart above we can see how the ~2815 level, marked with a purple dash line, has rejected the SPX over and over in a 1,2,3 sequence. On the 13 March, the SPX had its third (sixth) rejection from this resistance after the bounce.
We can see decreasing trading volume, which is a signal that points to lack of momentum for the move that is in play.
The daily candle for the 13 March hit a high at 2821.24, making it higher than the peaks of the 25th Feb. and 4th March. But when you look at the MACD, you can see it going lower and lower; here is the bullish divergence once more. The same can be spotted on the RSI.
In a nutshell, we have a triple top, decreasing volume and strong bearish divergence.
According to the signals above, the SPX will make a strong down move soon. For these signals to be invalidated, the SPX needs to print a high volume candle above 2821 and follow up by breaking its all-time high.
What's your take on the next S&P 500 Index move?
Hit like for more great content and to show your support.
Thanks a lot for reading.
Namaste.
S&P - long to 4000 then dumpI see a bigger wave one with a long wave 2 correction. According to EW theory there is a rule of alterntion where if you see a long wave then you could expect a faster wave 4 for instance. I think that is what we are seeing here. Everyone is talking about recession 2020. This is what it would look like with a blowoff top close to or at 4000. Then just imagine the huge dump that will ensue.