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Sp500analysis

SP500 On Steroids With No signs Of PullbackHello everyone, if you like the idea, do not forget to support with a like and follow. SP500 made a new high yesterday and it's looking to make new ones until the Friday closure. We are heading to 1.618 fib level after breaking the middle line of the channel. A breakage of the 1.618 level will take us to retest the upper trend line of the channel. EMA100 seems to holding nice as a support and MA200 yet to be touched from November. Overall very bullish but until when ? Beyond technical levels, the S&P 500s already bullish backdrop has strengthened on the start of April and all technical trends continue to point higher. I will updating this idea, stay tuned. Thank you for reading my post, have a great day, wish you all the best ! Information provided is only educational and should not be used to take action in the market. Feel free to ask anything in the comments :)
TVC:SPXLong
by AM.98
9
SPX's Elliott wave count weekly,for the RSI deep & crazy stuff !Guys it is probable now, that we might have and extended first wave count !!!. Comparing 2009's bottom and Covid's bottom we have very clearly identified two sets of Elliot counts one is Text book count (2009), and the other is since Mach's low and it is still in progress !!! Both are for the RSI (Not SPX's price ) . If this plays out, it would be just insane to say the least. whether it happen or no is something else. Lets follow this with an actual Elliot count for SPX's price and see how does the RSI count follows the actual SPX's price. Either way, this is just another attempts to figure out our location in this "Universe" of SPX :-) . I really guys, pray, you are digging what i am trying to tell you and chart before you . So, what does it mean if we are extended in wave 1 .Well, the Elliott guide are here to explain to us what is next to be excepted. Fibonacci Retracement and Extension Guidelines: If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1 If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%) If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)
SP:SPX
by samitrading
31
SP500 - The Phantom Menace (Episode I)As can be seen in the graph, after the pandemic, it collected rapidly and it seems that it will continue the rising wedge movement to the end. If the targets for the future will not be 4000+, we can see a very sharp decline as a result of the rising wedge formation from here. In this sense, it would not be wrong to expect the prices to fall back to 3000 levels due to the formation target. However, this 25% decrease would be a disaster for the financial markets. The place to enter the game is as important as where and when we exit the game. It is useful to be careful, especially in light of these inflationary expectations. TVC:SPX It contains only personal views and opinions. Does not contain legal investment advice ...
OANDA:SPX500USDShort
by EmoteK
7
SP500 Lifetime OpportunityHi there, SP500 at the moment is a clear buy with target above 4000 If we pay attention to the DXY chart, we are starting a uptrend but still on sideways moment, which SP500 due to many retails shorting it, has been making new highs every week, as long as dollar is weak it will keep doing it, but dollar is soon ending this sideways market to start an uptrend. SP500 then will top at that moment If we look at the elliot wave theory, we are in the final phase, Blow off, close to a top to begin then a new trend. This is a long term view, if your looking to sell it, sell only at the mentioned wave 5, near it. Good luck
U
by fernandoc17
9
SPX's P/E Probability game Average crash 42 % Median crash 37 %All Major crashes since 1902: ------------------------------------------------------------------------------------- Year % Crash P/E@ Beg. P/E@ End Days lasted 2020 35 % 26 19 28 2007 57% 21 120 490 2000 50% 27 29!!! 763 1987 36% 21 13.7 28 1980 28% 9 9 609 1973 49% 18 7 609 1968 37% 18 13 483 1961 29% 22 16 147 1937 57% 16 8 1855 1929 84% 18 9 973 1916 37% 7 !!! 14! 1708 1909 28% 13.65 14.54 1764 1906 37% 13 9 637 1902 29 14 11 364 -------------------------------------------------------------------------------- Extra Info: All reading Above 21 P/E ------------------------------------------- April, 19 - Presents March, 15 - October, 18 crash November, 07 November , 09 crash June , 97 January , 04 bull August, 91 November, 93 bull July 87 July 87 crash March, 61 November 61 crash April 46 July 46 crash May 33 March 34 correction October 21 December 21 bull -------------------------------------- statistic wise, 66.33 we will crash/correct 33.33 bull market (Excluding present time) ---------------------------------------------------------------------------------------- Tips: ***Only 2 times in history we got reading as high as now. 1/ Current reading is 37 P/E 2/ similar reading A. October , 2008- December 2009 End of a crash B. October 2001 - May 2002 last 1/3 of a crash ----------------------------------------------------------------------------------------- summary: Probability game is : Average crash 42 % Median crash 37 %
SP:SPX
by samitrading
2
LOADING UP ON TNA TNA which is the Direxion Daily S&P Small Cap 3x leveraged is an ETF that I just came across. I usually trade TQQQ and SPXL while carrying a small position overnight in order to mitigate my risk from daily rebalancing of the leverage ETFs. TNA has run up under 980% since the COVID - 19 sell off and is approximately 40% above its pre - pandemic high. I have heard that small cap stocks will lead the charge up or down before there's a market turn in the S&P 500. I'm looking at two entry points for this ETF. My first entry point will be at $89.92 and my second position will at $71.32. Due to TNA being a leveraged ETF the goal is to take a small position relative to my account and potential day trade the TZA (the inverse) or TNA with a larger position. I am very bullish on the market and I am loving the pullback that we are experiencing. Based on past analysis, TNA hit a resistance and then pulled back towards a support at $71.32 before breaking through its resistance - and now support - at $89.92 creating a new resistance. The sell off from the resistance at $104.14 looks healthy but I am looking for a bounce off of $89.92 here. TNA is holding its 15 and 50 day EMA strongly after breaking below its 5 day EMA. I will cut my position and turn bearish on TNA if we break below the 50 day EMA. This is the first post that I have made and I am looking to create more whether my analysis is correct or wrong. Thank you in advance for any feedback that readers provide me with as I am looking to do this full time!
AMEX:TNA
by madisonsoun97
3
S&P500 - The "Mayan Calendar" Chart Fearing an upcoming crash / correction I've been looking at all the key indexes etc, and this was one of my earlier explorations using Fibonacci. I look at this chart with a large pinch of salt, more a fascinating oddity than something scientific (maybe!), but I do find all the correlations very interesting. Ultimately this connects well with my Vix & Gold charts in regards to overall cycles so I do pay attention to this and it's progression. Time will tell! Enjoy this "Mayan Calendar" chart as it was jestingly called on Twitter ;)
TVC:SPXShort
by TheDarkEconomist
Little Thought on SP500 H4 Chart Just sharing my view. First of all, it moves directly inside the uptrend channel. While we thought this is already pick, but suddenly i try to take a look the pattern inside the channel. Take a look at the starting point. The rally comes after the correction at the 'starting point'. Small correction when touch the 'Support 2', and then breakout the resistance (means the Support 2 area in the picture). The rally stopped first at the area named "support 1' (it was named Resistance 1 before the breakout). Market having some consolidation inside small Rectangle/Flag. After having 'too dip' correction (named A), it suddenly reversed and rally beyond the Resistance 1 & 2 (it becomes Support 1 & support 2 now). There you go .. try to look briefly! It happen again!. The correction moves inside small flag/rectangle. And guess what?? It was having false breakout too! Named as B, and it marked as 'False Breakout 2'. So, if this is a repetition, it should be the Good Chances for Buying on Dip! I suppose, the dip normally will hold at 'Support 1 area' .. probably around 3825 - 3833. And if this going to happen, we will have the 'Resistance 1' broken! And that means, New high will become real possible around 3900 - 3920 or beyond. And all depends on what Fed says tonight, but also will have significant impact at the end of US markets when we heard about The Earnings. Of course my view could be false also! So, you better use your own Risk Management to do this. Thanks
FOREXCOM:SPX500Long
by irpansupiandi
S&P 500 Ascending Channel - Short SetupSPX500 Short Trade Entry: $3,866.6 TP & RR: $3,840.5 (1.13) Stop Loss: $3,889.7 REASONS FOR THE TRADE Straight off the bat, you notice two things here - ascending channel and opening a position against the trend with what I consider a bad Risk:Reward Ratio of just over 1. However, I believe that price can form a double top with bearish divergence, retrace back to the lower trendline and then continue up. Of course, we will be looking to open a long order somewhere at the lower trendline. Stop Loss is set pretty high in case there's a fakeout. However, we will close the position if there's a convincing close above the recent high.
OANDA:SPX500USDShort
by Quant_