S & P 500: UPDATE ; the gates of Mordor Yeh the title, duno.
Anyway its pretty self explanatory. even put some pretty icons on it for you.
This is an update of the last idea; see attached. I have adjusted the fractal a bit to make it a bit more 'accurate'.
Looks more like blue to me but a sharp drop from here would paint the yellow picture.
These are massive bear market rally comparisons; 18 and dotcom crashes. We are probably in another one. Which will prob play out similarly. But who the f&^% knows right?
I use fractals as historical comparisons to keep my bias squashed, make me more flexible and ready. History does tend to repeat.
lfg
do the gates of Mordor open or not?
one things for sure we are in a highly correlated environment; crypto etc all gonna do whatever this pos does.
Sp500idea
S&P 500 Analysis and Trade IdeaInternal is now bullish.
A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone.
Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones.
I am mindful of the strong bearish momentum. Price very well may continue lower, taking out the demand zones and the strong internal low.
BOS = Break of structure
EQ = Equilibrium, the middle of the leg of structure
Premium prices = the upper half of the leg of structure
Strong/Weak low/high = top or bottom of current trading range (leg of structure)
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S&P500: S&P-inkS&P500 seems to be tickled pink – metaphorically as well as literally. The index has taken to our expectations and has a lot of pink to face. First, the index should fall below the support at 3639 points and into the pink zone between 3598 and 3508 points to finish wave III in pink. Then, it should return above this mark once more to complete wave IV in pink in the pink zone between 3712 and 3885 points. Afterwards, S&P500 should finally move downwards again, heading for the zone between 3362 and 3271 points in – guess what? – pink!
S&P500: Rare, Medium or Done? 🥩That’s generally the question when preparing steaks. Additionally, we might also ask S&P500 whether it is already done – namely with wave V in pink and wave 3 in blue. We still give the index some time and room to finish them both, but afterwards, it should get started on a countermovement leading into the lower blue zone between 4144 and 3998 points. There, it should complete wave 4 in blue and subsequently take off again.
There is also a 40% chance, though, that S&P500 could drop below the resistance at 3950 points, thus eliciting a detour below the next mark at 3639 points and into the turquoise zone between 3597 and 3353 points.
S&P500: No LazybonesDespite the holiday in the United States, S&P500 has not been lazing around but has climbed into the middle white zone between 4156 and 4224 points. There, the index should finish wave (3) in white and subsequently start a countermovement into the lower white zone between 4076 and 3999 points. After it has completed wave (4) in white in this region, S&P500 should turn around and head for the upper white zone between 4332 and 4400 points to finish wave (5) in white. However, there is a 38% chance that the index could break through the bottom of the lower white zone, fall below the support at 3855 points and drop into the magenta zone between 3788 and 3683 points.
S&P500: Exhausting 🥵An exhausting time lies behind S&P500! It has been moving up and down with vivid gestures and has paced itself a bit only recently. We expect the index to take a rest in the magenta zone between 3788 and 3683 points, where it should also finish wave iv in magenta. Afterwards, it should be revived enough to rise towards the mark at 4101 points. However, there is a 33% chance that S&P500 could be too nervous to relax and thus could climb above 4101 points immediately.
S&P500: AmbitiousS&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a countermovement first, which should lead into the lower white zone between 4406 and 4297 points. From there, the ascent can start in earnest and should proceed above 4418.75 points, above 4585 points and into the upper white zone between 4592 and 4643 points.
We should not yet forget, though, the possibility that S&P500 could still fall below 4239 and even below 4101 points, which would result in a detour through the magenta zone between 4086 and 3980 points
S&P500: Check Your Air SupplyS&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the turquoise zone or just below it at the latest. To accomplish this upwards movement directly, though, S&P500 must not slip below 4101 points. Otherwise, it would have to swim through the magenta zone between 4086 and 3980 points before rising up again. Still, there is a 40% chance that this could happen.
S&P500: Grasshopper 🦗 No, we are not talking about the cocktail!
S&P500 has been hopping up and down within the green zone between 4354 and 4253 points like a grasshopper in its grassy territory. At the moment, it is heading for the support line at 4354 points and could very well jump above it already. It could also stay in the patch of grass a little bit longer, though, and warm up its strong hind legs. For as soon as S&P500 has climbed above the support at 4354 points, we expect it to leap the resistance at 4585 from there.
However, there is a 45% chance that S&P500 could crawl below the grassy zone and even below the support at 4212 points. In this case, it should make a detour through the magenta zone between 4126 and 4035 points first before skipping back up, initially above 4212 points, then above 4354 points and from there further upwards.
SPX Zig Zag ABC for Cycle Wave 4Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing the market down to 4212 because a double bottom would provide us a better bounce back for the next B wave and can at the same time create a bullish divergence on lower timeframes like the 4 hours or 1 day chart. We should not forget that the last january 04rt SPX began a Cycle wave 4 retracement. Here are the most probable targets for this full Cycle Wave 4 Retracement :
0.24% = 3878.24
0.30% = 3643.26
0.382% = 3322.12
0.50% = 2860
0.618% = Golden fib at 2398
We must keep in mind Cycle Wave 2 of SPX was pretty strong in March 200, which make this Cycle Wave 4 more chance to be light. Usually most probable target for a W4 is in between 0.3% and 0.5%. With inflation currently slowly stablizing a little , 3643.26 or even 3878.24 are on the table and pretty realistic.
For now im projecting the next B Wave in between 4443.89 and 4729.88.
S&P500: “Excellent…”“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index is not evil. After it has completed the current countermovement with wave in turquoise within the lower turquoise strip between 4463 and 4426 points, we expect S&P500 to rise until the upper edge of the green zone between 4599 and 4675 points or even higher until the upper turquoise strip between 4683 and 4710 points above to finish wave in turquoise as well as wave 3 in green.
Still, there is a 30% chance that S&P500 does not abide by our primary plan and makes a detour below 4230 points instead. In that case, the index should fall into the magenta zone between 4126 and 4035 points before rising up again. If it manages to get back above 4230 points, a long-term rise is imminent.
SP500- New ATH soon?Last week, SP500 found strong support in 4500 zone and reversed strongly and with a big impulse.
Now the index is in a small correction of this first impulse up and we can have a new leg up pretty soon.
4630-4650 zone is support at this moment and dips around here should be bought.
A drop under 4600 would negate this scenario and would put SP500 in no men's land
SP500 found strong supportWhat has started like a healthy and meaningful correction, has proven to be an anemic not even 10% drop for SP500.
The index found strong support at this moment in 4300 zone and as long as this area is intact we can see it challenge the all-time high in the next trading sessions.
I will look to buy dips in search of a good R:R for my trade
SP500 Monthly Chart ShortHi All
SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support.
All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of an up move (X9 pending orders) and take profit when falling 64 points, close only 70% and let the 30% run to take profit 1+2.
Or keep it simple and just do like the photo show.
Trade small size so you don't risk too much, this is my idea anyway.
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
SPX's P/E Probability game Average crash 42 % Median crash 37 %All Major crashes since 1902:
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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
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Extra Info:
All reading Above 21 P/E
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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
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statistic wise, 66.33 we will crash/correct
33.33 bull market (Excluding present time)
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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
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summary:
Probability game is :
Average crash 42 %
Median crash 37 %