Sp500analysis
It's Monday, not doomsday! ☕
Starting the week, the S&P500 continues the primary expectation and reaches the first target area for the current decline. On Sunday, the U.S. reported 32,186 new coronavirus cases, and several European countries have also seen a steady increase in COVID 19 cases over the past 24 hours spreading pessimism amongst investors. The World Health Organization predicts that daily coronavirus deaths in Europe will increase in October and November, raising concerns about a possible second lockdown in Europe. Meanwhile, several major banks have reportedly transferred large amounts of illegal funds over a period of almost two decades. HSBC, JPMorgan, Deutsche Bank, Standard Chartered, and Bank of New York Mellon are among the banks involved in the report.
The minimum target for the current decline remains within the range of 3200 points. Below 3049 points, the way is paved for significantly lower quotations in the range of 2800 points. Since we expect new all-time highs in the long term, we will use the current drop to open long positions and thus position ourselves for the next rally.
In conclusion, we expect the current drop to reach the area of 3200 points before a bounce can be expected. We give the alternative scenario a 38% probability. The primary expectation remains that the index will reach a lower level of 2800 points, which is confirmed below 3049 points. However, in both scenarios, we expect at least a corrective bounce from the yellow target box, which will push the market back up towards 3440 points.
Grab some coffee, be awesome, and enjoy your trading day!
S&P 500 is not looking good up there! Let's have a look everyoneSo S&P 500 is not looking good on the weekly chart right now.
We got a bull run in 2020 up until 3600 and closed the candle with a long wick, which is bearish in my dictionary.
So if we start to correct right now, let's check the trend.
The Trend is broken by this week. It was not healthy as you can see. What says the indicators?
RSI is since 2018 in a bearish divergence to the actual price.
Macd is also interesting, we are days before a bearish crossing of both lines and as we all know, when the cross happens, the price is already down, so we must see in our crystal balls.
I also got for today my lovely Market Bottom Finder. As you can see the green shows the market on a volatility low end and you can see also macd and rsi showing the same things. A nice indicator to harden your buying intention. So as of now the indicators shows us low volatility, which means we are sitting at a beginning of a wonderful roller coaster.
Are you ready for the action? : )
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S&P 500 - Republican vs Democrat Win PredictionWith the US elections on the way, here is my predicted outcome by EOY for where S&P 500 is headed.
The assumptions proposed are based on a combined historical analysis of presidential elections, along with the oddities of the current "circus" of a market. This analysis has NO bias sentiment leaning toward either party, an is strictly based on historic trends of election years and election party switch years.
Note: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation.
SP500 get ready for Deflation Strong dollar is comming off and Big Bubble at the markets at the moment getting ready for a recession, february wasnt the true recession as many think we still need another deflation move before inflation truly begins, market is not healthy when its moving up without any wave down or pullback
Watch price action on lower timeframes to short it after a retest~
Good luck
The bells are ringing for S&P 500The index may want to touch the Fibonacci 1 channel again if it can break the burgundy resistance with its horizontal resistance. In this case, too, the target will be 3400 levels.
However, this could also be the endpoints for the rise. Prices may come in contact with the Fibonacci channel 0.726, seeking to realize the rising profits after COVID-19.
It contains only personal views and opinions. Does not contain legal investment advice ...
S&P500 is at a Decision Point. So, Where Will It Go?The buying wave that started as a result of a big sales wave and central banks giving the market plenty of money seems to have carried the index to its old peak.
The fact that it has reached these points without any correction is a bit thought-provoking, as the markets normally move in volatility (ups and downs coexist).
Therefore, if the index fails to break its weekly rising trend and its previous peak, a profit realization may be experienced.
However, if these levels are exceeded, 3700 levels may be considered normal for us in the future.
Only personal opinions and ideas. Does not Include Legal Investment advice...
Welcome to The New Market CrashThe FMI has anonced, that be careful because there are very large bubbles in the debt and equity markets.
My principal Scenario show me a rejection of the price around 3,150 points. The loss of 2,900 that would entail the loss of the previous minimum level where a rejection candle emerged + the loss of the long-term bullish channel. Show me that we are going to retest the minimun of march.
Alternative Scenario above the 3.170 price will go to the 3.220, and new higher high would show us the way to retest the historical maximums.
Are you kidding me? It's no me, it is the FED.
Good Lock and Take care out there.
Is 2770 level the new target for the SP500?Can the second coronavirus wave anxiety and protests trigger the rising wedge formation despite the FED and force the index to retreat to 2770 ?
if it's true, a very negative week will be waiting for us ...
Only personal opinions and ideas. Does not Include Legal Investment advice...
S&P 500 LOW VOLATILITY (SP500VOL) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SP500 (Y20.P3.E1).Danger zoneHi,
After listening to some trusted resources, I am in agreement that this range of 3000 to 3200 will be when major profit taking will occur.
Its also the same time where dumb money will feel comfortable coming back in, thanks to the media promoting the financial markets lately.
It is also in alignment with the inverted BARR target.
What do they say?
Morgan Stanley predicts 'V-shaped' recovery on Fox Business
They, the Financial news media is the Epicentre of Douchedom!
> As a crypto trader, I'm aware how this market has correlation with Bitcoin.
> Hence I do see the SP500 moving past this resistance phase as its found support on this red band and it will try to regain its normal trend channel (as per my previous posts)
however the market makers have other plans.
Please give me a like or tick for this post.
Cheers,
S.Sari