Sp500short
SP500 index - Indicators show buy)
Reminds me of an asset BNB, HT, in the critical market, according to the same principle updated ATH
Usually after the breakdown level For we go to conquer the level of 1.618
If you enter from the current with a clear stop and profit targets. The risk of profit is appropriate)
TRADERSAI - A.I. Powered Model Trades for MON 06/24Thursday's Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory?
Last Thursday's all time high in the S&P 500 Index was accompanied by the month's second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday's significantly high volume as well. Was it the beginning of another leg of the bull run or is it going to prove to be the last gasp of the market bull?
Our models indicate essentially the same trading plans from Friday for today, Monday 06/24. For details, please check on our site (not able to post the link here).
Good luck with your trading today!
#ES #SP500 #SPX #SPY #Fed #Record #Yields
SPY DISTRIBUTION - Wyckoff Phases - SHIT IS ABOUT TO HIT THE FANMe applying the wyckoff distribution phases to spy.
Below is a description of everything on the chart. I know it is a lot but it is well worth reading. the mind is a terrible thing to waste.
Please check related ideas link for more information into wyckoff and this distribution phase.
THIS IS BASED OF THE WYCKOFF DISTRIBUTION PHASES.
Phase A: Phase A in a distribution TR (trading range) marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon diminished volume. However, the uptrend may also terminate without climactic action, instead demonstrating exhaustion of demand with decreasing spread and volume; less upward progress is made on each rally before significant supply emerges.
In a redistribution TR within a larger downtrend, Phase A may look more like the start of an accumulation TR (e.g., with climactic price and volume action to the downside). However, Phases B through E of a re-distribution TR can be analyzed in a similar manner to the distribution TR at the market top.
BC: buying climax during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price.
AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. (trading range)
Phase B: The function of Phase B is to build a cause in preparation for a new downtrend. During this time, institutions and large professional interests are disposing of their long inventory and initiating short positions in anticipation of the next markdown. The points about Phase B in distribution are similar to those made for Phase B in accumulation, except that the large interests are net sellers of shares as the TR evolves, with the goal of exhausting as much of the remaining demand as possible. This process leaves clues that the supply/demand balance has tilted toward supply instead of demand. For instance, SOWs are usually accompanied by significantly increased spread and volume to the downside.
ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. (trading range)
SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant.
Phase C: In distribution, Phase C may reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UT or UTAD allows large interests to mislead the public about the future trend direction and, subsequently, sell additional shares at elevated prices to such break-out traders and investors before the markdown begins. In addition, a UTAD may induce smaller traders in short positions to cover and surrender their shares to the larger interests who have engineered this move.
Aggressive traders may wish to initiate short positions after a UT or UTAD. The risk/reward ratio is often quite favorable. However, the “smart money” repeatedly stops out traders who initiate such short positions with one UT after another, so it is often safer to wait until Phase D and an LPSY.
Often demand is so weak in a distribution TR that price does not reach the level of the BC or initial ST. In this case, Phase C's test of demand may be represented by a UT of a lower high within the TR.
LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.
UTAD—upthrust after distribution. A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD is not a required structural element.
Phase D: Phase D arrives after the tests in Phase C show us the last gasps of demand. During Phase D, price travels to or through TR support. The evidence that supply is clearly dominant increases either with a clear break of support or with a decline below the mid-point of the TR after a UT or UTAD. There are often multiple weak rallies within Phase D; these LPSYs represent excellent opportunities to initiate or add to profitable short positions. Anyone still in a long position during Phase D is asking for trouble.
Phase E: Phase E depicts the unfolding of the downtrend; the stock leaves the TR and supply is in control. Once TR support is broken on a major SOW, this breakdown is often tested with a rally that fails at or near support. This also represents a high-probability opportunity to sell short. Subsequent rallies during the markdown are usually feeble. Traders who have taken short positions can trail their stops as price declines. After a significant down-move, climactic action may signal the beginning of a re-distribution TR or of accumulation.
SPX has gone to far on fake.SPX has gone to far on fake in decreasing economy outlook 2019
1) No rate cut FED
2) Economic war ongoing China/Iran
3) Overbounght D1-H4
5) Asian markets and Europe are still not following
6) Goldprise rising.
I expect sonn a hard 3-4 day drop.
Targets are first to erase the huge raise in the last weeks since June 2019.
A.I. Powered Morning Trading Plans - OutcomesThe chart depicts how the trading plans published in the morning - idea published on TradingView at 9:52am - tracked the market action. You can read the detailed results tracking at our site tradersAI.
Hope you all had a good trading day, and if not, remember that tomorrow is another day of opportunity to utilize the lessons learned and the experience gained. Good night!
TVIX... Long : SPY/SP500 shortIt's about time! Double Bottom!!
Keep this chart = ALERT : RSI, MACD
All the best!!
S&P 500 - potential for 2100 by Jan 2020In the upcoming days I'm confident we will see a continued rally in the S&P off of the news that Mr. Trump has solved "the problem" of the Mexico tariffs. While trying to remain as unbiased as possible, it is becoming more and more apparent that the current market news cycle could legitimately be subject to manipulation by Trump's continued belief that a strong market is indicative of his success in guiding the US economy. Seeing repeated bait and switch tactics on key economic policy decisions and the trade talks does not bode well for my confidence in long-term economic strength in both the real economy and the market.
Barring a true resolution of our engagement with China, I believe we are on course to see this head and shoulders pattern playout over the next 6-8 months. If the 2500 level breaks and confirms this pattern, a 38.2% retracement back to the 2100 levels for the S&P is certainly possible.
Keeping in mind that with such a long-term call as this, any major economic events that take place between now and then could drastically alter the circumstances that have preempted this view anticipating a continued decline on the major market indexes. I am by no means absolute on this position, and future developments will certainly be taken into account when assessing whether or not to maintain this position.
In anticipation of this rally, I will be working to assess when there is disparity on the premiums on long-term puts extending into 2020 on SPY. I hope to take advantage of potential price movement back into 290, to get cheap "insurance" on this market as I can cannot be confident in continued bullish momentum at this time.
100k BTC. NOT going to happen. Here is why. After two full months of strong uptrend Bitcoin’s bullish behaviour has started to weaken.
My personal opinion is that we are overdue a deep correction. I am calling for a ~35% decline taking the asset to the ~$5,000 area by the end of the year.
In panel 1 and 2 we have the linear and log fractal describing this. For further discussion please visit the following projections:
Logged-recovery-pattern-5500-before-year-end
Logged-recovery-pattern-One-peg-lower
Logged-recovery-pattern-3000-before-year-end
This-is-Why-I-ve-Been-Long-in-Bitcoin-But-Not-Bullish
In panel 3 and 4 we have a different linear and log fractal described by a number of other traders on this forum. These fractals make enticing graphs and are suggestive of a value that could soar well beyond 100k by q4 2020.
These graphs fit nicely on a logarithmic curve but when these figures are plotted in a linear manner the outcome seems implausible if not impossible. These are the events that need to take place in order for their projection to be true:
• Bitcoin will have a net capital inflow of 13X by August 2020. That’s its total market cap at present coming in every month for the next 13 months.
• In little over a year Bitcoin will grow to $1,835,690,924,886 or $1.8 trillion. This would need to take place in climate of global economic uncertainty.
• Bitcoin will have a larger market capitalisation that Apple and Google.
• Bitcoin will surpass U.S. currency in circulation ($1.2 trillion)
• To achieve 100k by year end 2020 Bitcoin will need to progress consistently along an 80 degree growth slope.
• This would require the early investors of Bitcoin (Barry Silbert, Tim Draper, Tyler and Cameron Winklevoss, Charlie Sherem, Jihan Wu, Micree Zhan, FBI, Satoshi Nakamoto) to hold hundreds of billions of dollars of Bitcoin without divesting. If they divested, the addition of equivalent capital would be required to hold up the market capitalisation.
NOT GOING TO HAPPEN!
What is the nearest target? #S&P500This review continues our previous reviews, we can see that the model of the Double top happened when the Sp500 reached 2940, since its price only drops, the question is how far will the declines continue?
You can see that according to the Stochastic SP500 has another margin to fall.
You can also see that 2611 is proper support (3 times the support lasted).
We should not forget that the long-term trend is an upward trend, and these are only healthy corrections.
US China trade war is not over. Bitcoin will pay the price.Bitcoin does not act in isolation from the world economies, fact. There are times that Bitcoin movement is inconsistent with world markets but in general, a bull market in world economies contributes to a bull market in the crypto-currency space.
This is especially true for the Chinese economy who were responsible for >80% of Bitcoins trade volume prior to its ban in December 2017. Please note this aligns with the start of Bitcoins economic collapse. Likewise, the Bitcoin market recovery starting Jan 2018 is aligned with the Trump Xi trade war truce that saw the S&P500 and China A50 markets surge.
I believe these two world markets are due a correction and that this will contribute to the Bitcoin bear market. Please refer to a previously proposed short on United States S&P500 and China A50.
The-Trade-War-Is-Not-Over:
These analyses serve as a supplement to:
-Logged-recovery-pattern-5500-before-year-end/
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