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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-
SP:SPX
by UnknownUnicorn3848732
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.
SP:SPXShort
by MasterAnanda
28
SPY- Futures have broken structure.Since the Futures have already broken structure we can assume that we will get that start of some downside movement. Whether we already topped or if we are simply pulling back is a big mystery in my opinion. In fact, trading bounces, are very difficult as there is an inherent lack of information as the movements are so volatile, not leaving as much room for analysis. I will be watching the horizontal supports closely to see if they are holding price or if we break down from them. If we do break down from both of these horizontals we will be looking at our SPY 233 lows. If that cannot hold then we will impulse down toward 212. The horizntal supports provide oppotunities to exit some shorts and de-risk and wait to see if they hold.
S
by PipMiesterStronger
SP500 at tipping pointThere's been a lot of FUD going on in the market lately. Multiple days of several hundred point drops will do that. Ignore the FUD, and read the tea leaves. Here's what the charts say to me: SP500 remains in the bull wave channel which began nearly 10 years ago in March 2009. As long as the price remains in this channel, the bull market continues. Red line is long term support. Blue is long term resistance. Failure of the red support is bad. If 2940 is in fact the market high, then 2460 is the first short target and will likely be the first domino all the way down to 1580 -- perhaps even 1140-1200 if we retrace in a similar fashion to 2008/2009. Right now, I think the price is more likely to go back up than down, but should the red line fail, GTFO.
AMEX:SPYLong
by jdharward
4
ASX - over extended market.The market has over extended now and as i have mentioned in my previous post, i am expecting green this week. Today's close is evident of that and looks good for a 1-2 week up trend. I Expect us to reach the red area before heading down lower. friend of mine mentioned that US earning reports re coming out in 2 weeks. This may be the catalyst that takes us lower into the next lot of targets. Other than that, we should have some relief. Fisher and RVGI ready to reset.
ASX:XJOLong
by NotPatRiviera