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Sp500short

S&P 500 BULL MARKET OVER?This chart would suggest we are very close to a complete and utter collapse in stocks. The rising bearish wedge pattern indicates when something is far overbought and usually corrects dramatically to the lower side, usually caused by some sort of catalyst. The Fed losing control of REPO may be that catalyst or may be just the start of something even more dramatic. Either way it's not looking good for stocks and it would be sensible to be reducing your position and possibly going short.
TVC:SPXShort
by WinstonWolfe
S&P 500 INDEX - HEAD AND SHOULDERS PATTERN FORMING??The S&P 500 index has hit a lot of buy stops propelling it higher in recent days. However, is it just forming a head and shoulders pattern on the right shoulder? If you believe this market is overbought (refer stochastic) and overvalued (high PE), then, could a head and shoulders pattern present an ideal short position? You could sell now at the top of the right shoulder or wait for the neckline to break for confirmation. Trump has gone all quiet on trade, is this the calm before the next stormy tweet? Small caps are not confirming the recent rises in the S&P500 and Nasdaq100, a bearish sign. I think this right shoulder is a bull trap, sell into it with a close stop just in case it continues higher. This market has struggled to get above 3000 for a while now, I think it's ripe for a decent decline before this trade war and global slowdown is over.
FX:SPX500Short
by victorko
1
Bearish for Monday on SPY 1 hour!!Couldn't break above long-term uptrend AGAIN, volume declining, RSI overbought, volume divergence since the gap up, and the gap needs to be filled (well, usually they do...). Clearly the market was not overly impressed by the end of day on Friday. The entire day was flat, and .2 was shaven off SPY in the last few minutes of trading and it almost closed at 0 or just below. I have an open SPY call that I hedged with TVIX. I think Monday will be red. Depending on the futures action tomorrow night, I may buy a vertical put spread as well. I will go short until the gap is filled, unless something drastic happens and it decides to keep going up.
AMEX:SPYShort
by Bankuur
4
SP500 - Bounced back from 2940 resistance and broke the supportOngoing US - China trade wars are still holding economies of the two countries and as major players these two have shown the effect of their poke-game in global markets. SPX has started this year very optimistically showing newer records and higher-highs and still more higher points to come. Unbelievabale isn't it? Despite rumors of the US is one step away from an economic recession. US Non-farm Payrolls and unemployment rates are at the 50yr lowest rate, however the economy has show some interesting numbers. Such as: - US-companies show the lowest net income - Manufacturing PMI is showing weak performance of the last 2 years - US quarterly growth is down by 2% - US Bonds are still in the negative yields All of the above display difficult times in the US and Global economy. September, as a matter of fact, shows positive rates in exchanges, however upcoming Brexit may also turn markets upside down. From the technical view the price has tested the 2940 resistance level and bounced back to test the 2826 to gain power and jump back, or will it? Nevertheless upcoming supports for SP500 are 2850-2800, 2745 and 2700. If the FED approves another rate cut which Trump is eager to get, and there are improvements in US-China negotiations regarding the "trade war" they have conduceted, the SPX will hop to 3000 and higher. On other hands if all remains "as is" we shall see a regression of the trend and the price to test support after support and plummet to 2700, especially by the end of September. Support 1 - 2850 Support 2 - 2800 Resistance 1 - 2940 Resistance 2 - 3000 Good luck everyone! That was another market review from us, hope you enjoyed it! If you did, hit the like button. Follow us to see more market overviews!
TVC:SPX
by PrimeXBT
1
S&P500 IN A BEAR FLAG - SHORT ITThe S&P500 index is currently in a bear flag. Indecision and uncertainty about Trump's trade war and overvaluation of US equities has caused this pattern to emerge. We are at the top of the bear flag, an ideal time to short or buy put options on the SPY or S&P500 futures. Recent optimism about a resolution to the trade war is unfounded. I don't think Trump and Xi will agree on forced technology transfer and open markets in China. Xi has too much to loose if he gives in to Trump's demands. Xi would prefer to keep stalling the negotiations until the next presidential election. China needs forced technology transfer from US companies. China has built an economy based on it and I don't think will agree to ending the arrangement. This market could trade inside the rectangle for a while yet before it breaks down to the downside. Short it at the top of the rectangle and hold and wait. A severe drop to the downside could happen at any time, maybe caused by a further increase in tariffs or economic conditions deteriorating confirming the inverted yield curve. The inverted yield curve has confirmed most recessions in the past and should be right again now. With Germany and the UK entering recessionary conditions, this could spill over into the US. On a DCF valuation using 4.5% growth rate in earnings and 8.2% discount rate I get an S&P500 valuation of 2700. If a severe slowdown occurs, this DCF valuation could become lower. I think the S&P500 is overvalued now, further reason to stay short. On the Nasdaq, there are lots of companies selling for PE of 100 or more. Ripe for a drop in share price. You could also short the Nasdaq100 index.
FX:SPX500Short
by victorko
SP500 Cooking a vicious SELLIn my view SP500 is cooking a vicious selling opportunity, I am not in the trade yet as I was on a holiday and resting from the charts after an action-packed 8 months of trading... I only trade one pattern and that is the Contraction pattern... one is cooking on the weekly SP500 chart and I fully expect a repeat of 1937 to start in September this year... so I am eagerly waiting and scouting this index for the next few weeks... when I enter you will know! Price action has developed 3higher highs connected with a trend line and in reality, I should have entered on that 3rd high... but I missed it, so I am now heading into shorter time frames to locate the best possible entry
FOREXCOM:SPX500Short
by PipsMatter
S&P 500 IS APPROACHING RESISTANCE AT 2972 - GET READY TO SHORTThe S&P 500 index may tick up a bit from here as Trump has tweeted that he's going to delay tariffs until Dec 19. However, the additional tariffs will still be applied to Chinese imports. We are in a reaction to the main downtrend. I think the market will climb up to fib retracement 0.764 and hit resistance at the prior low of the uptrend. Sell short at about 2972. The next down leg could be a sever move as all hope of a trade deal dissipate. On a DCF valuation, this market is way overvalued. Expect the next move down to be as sever as the first leg down. I don't expect any meaningful deal between US and China on trade. It is about forced technology transfer which Trump will never give in to. I suspect it will play out with higher tariffs being enforced and US companies exiting China for cheaper countries to manufacture. This down move has only just begun ...
FX:SPX500Short
by victorko
1
SP500 - SPX - To Test Lower Fibonacci Levels - Recession AwaitsThe perfect storm, at exactly the wrong time. - Trade war that keeps getting worse, no talks until September - Fed rate cuts did nothing to help the problem - China weakens their currency + adds to tariffs - Gold reaches all time highs, moves higher as sign of recession looms - Weak reportings from companies affected by trade war just now starting to come in,and will only get worse (Apple, Amazon, etc) - Recession alarms going off in every single area - All of this, right on top of an ascending narrowing wedge pattern, brewing since December 2018. - Broken bear pattern with strong volume - VIX broken narrowing descending wedge, bullish pattern with strong volume Prediction: SP500 will move higher to lower resistance line it broke out of on August 5th, 2019 of 2870-2885 (0.786 fibonacci) where it will be rejected and continue to move lower. First to 2690-2700 if it easily passes 2800, where it might also face resistance, and ultimately to 2500. If it stands here, possible bounce, if not, heading to 2200. **Also a move to 2950 and rejection from same resistance line possible, this would complete head and shoulders pattern. Market has been too good for too long. If it seems too good to be true with all of the negative stuff going on in this world, most likely it is. No reason for a bull market in the conditions we are in and have been in.. this move is long overdue. Only way I see this recovering strongly is if Trump makes a deal in the trade war, and I think we all know how this has gone for months now. No one is backing down.
SP:SPXShort
by gbleier
Where's the S&P headed?Someone once told me that the S&P is the "All-Star Team", many have opinions on it, but almost impossible to find anyone who could consistently predict where it's headed. This chart shows the bearish case, which seems reasonable except that Many people are seeing it and the S&P doesnt follow what people think will happen. With volatility at current levels, it's best to short or day trade it as direction isn't clear at this point. Bearish case: 1- Megaphone top 2- Broken trendline 3- much damage has been done to the uptrend 4- Bearish seasonality until beginning of October 5- Tariffs and china devaluing the Yuan Bullish case: 1- still hasnt dropped and closed below 200 Day MA 2- All CB's easing >> "Dont fight the fed" 3- Shock events like the ones we had the past few days usually end with selling culmination followed by a melt up and fuel for a big rally, and we might just have had that on Monday, think of Brexit, China in Aug 2015, Elections night 4- at this point the worst seems to be priced in or almost 5- Earnings strong and expectations are low 6- Almost all "widely Known" bearish setups (like the megaphone now) fail I'm currently neutral, let's see if 200 Day MA gets tested or if Bulls reclaim the 100 and 50 Day MA's **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a FREE group
SP:SPX
by D707
SP500 to 2822 then Re-test 3000While the SP500 was on track to re-test record highs through today and into tomorrow, Trump doing what Trump does best: rekindling the trade war for seemingly stock market manipulation. It seems that we are no closer to any trade deal between USA-China, and this continued escalation will continue to wreck havoc on the global economy and eventually USA economic numbers. This will likely force further rate cuts down the road. I suspect a very similar outcome to what we saw in late May; I am targeting a hard short to 2822 for SP500 before a re-test towards 3000. Trade policy, monetary policy, geopolitical and political issues will indicate at that time whether we fail to re-test 3000 or make new records. Pro-tip: Long Gold/Silver/Proven Weed Stocks - zSplit
OANDA:SPX500USDShort
by PaulDeep19131
This is a beautiful chat, We hava two chart, Broardening wedge and Ascending wedge. Diamond Formation www.forexstrategieswork.com The diamond pattern is a rare pattern but when it occurs you can expect price reversal on the horizon. This is usually formed at the top end of the rally and as the name suggests the consolidation leads to a diamond shape pattern. Broadening Formation or Broadening wedge The broadening wedge is where prices consolidate and in the process form higher highs and lower lows, thus expanding the range. At the end of the consolidation, the broadening wedge pattern breaks by forming a lower high before price fall sharply. The broadening wedge pattern occurs in a bullish trend. Similar to a rising or falling wedge pattern, the broadening wedge pattern is formed by five reference points.
SShort
by YuyuCoyotte
SP 500 ShortSp 500 Short Setup Reasoning: -Bearish ABCD Completion -Bearish Shark inside of it -1 Hr Uptrend already looks extended -Bearish Divergence on the Daily -Volume dropping on the daily Market is telling me to sell. Entry Trigger: Aggressive- Sell Limit @ 3026 (Shark Completion 1.13) Conservative- Wait for price to cross the Ema and break trendline support Stop Loss Reasoning: ATR should be at around 34 pips volatility when it reaches the limit order. Double that amount for stop loss Take Profit Reasoning: $2995 is where this bearish shark can switch to bullish 5-0 (50% fib) and we have a high volume node there which means it can act as support.
OANDA:SPX500USDShort
by elevatedinvestor
3
SP500 won't go much further up from 3000Below is technical analysis based on chart readings. Refer to chart for macro commentary. SP500 meaningfully tested 3000 five times in the past 12 months. First two formed an M resistance - didn't break through. Third time was also two very close attempts - didn't break through. Finally, in July, we have seen 3000+ twice. One's already past us, the other one - we are in it right now. Does this look familiar to you? Another M shape maybe? Coupled with the macro conditions, I believe the market cannot go much higher from now on, and will correct 10-15% by Dec 2019. I have sold my SPY . Planning to enter below strategy this week: Short 270 SPY call Dec2019 Long 300 SPY call Dec2019 Initial credit to buy TLT Monthly covered call on TLT I will close above strategy by Dec 2019. Fingers crossed.
OANDA:SPX500USDShort
by WhatsTrading
2