SP500 exactly 50%Fibonacci sequence now. Next week target? read:From this point the price can fall back (retrace) to 2.735 or even 2.693. But also it it possible the positive trend climb further to 2.791 or 2.827 !!
Not the moment to decide now. Let's wait the week to close and let's see how Monday starts. The news around steel and aluminum taxes are calming down.
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S&P500 is in horizontal pattern now and I expect this to continue during March and partly April. Maybe the end of April / March a new cycle will start and I expect it to climb further to $3000 dollar! ofcourese we will have some turbulence till we reach that. Another possibility is that it will break the lower resistances and an short cycle starts! than we will have huge shorts an retracemets to $2100 probably! but this can also take some time and happen in more far future. When we decide to go long next week and when we open a long trade, the exact positions of where to open, to close and the stop loss position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts.
- and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders!
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market!
And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment!
Most of the times the sentiment changes on Monday! and Tuesday is a calm trading day.
Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Sp500short
S&P500 Morning bounce --> Sell-offChances are, the market will open green, as it rides on bullish continuation from Friday's bounce. However, we aren't out of trouble yet. RSI will become overbought, and we have not yet made higher highs. Expecting a bounce from one of the resistance levels I have charted. Will be ready to switch to a short position by midday. SP:SPX
Short swing at 2685 for target 2595 SL 2525 i short SP500 because i think he done the Christmas rally more early than before and i think he will down a bit before end years may pull back before the 31 december for close the years i big gains then after in january fastly down more than my target...but is possible that my target can be reached before end year ( 12 days)
Overbought much in weekly and monthy
the ma20 and ma50 are so far from price in monthly somethign never seens in history
all good news about tax and health care was priced
even Fed hike rate stock continue to up..it should be opposite
so i think first quarter of 2018 will get a big correction
For me e are in Bubble and pure speculation
Market react at all good news and never react from bad news..something really crazy
the viw historical for a long period
and at the hedge fund and other big fish will finish to take them benefit they are not crazy ,they all know they so high now and abuse already too much
short at 2685
target at 2595 and surely 2550 and 2500 in 2018
SL 2725
i short again at 2632 double lot for target 2558i short again at 2632 as for target 2558 again.
market is in euphoria now sure is the last step of the bublle and it will down more than my target sure at 100% in less than 1 month
like my first trade i cut manually at 2330 = 27 pt lost
so this tile i short with 1 lot more more get more that double profit + mu lost back
short at 2632=2 lot
Target 2558
gain = 74x2=148 pts for lost before 27^ts ahhhhhhhhhhhh
Short the S&P 500 for the next two weeks. Risk/Reward ratio 2:1Hi guys! This is my first idea that I'm sharing on this site! :)
Based on support and resistance of the past 10 months, short looks good with 2:1 ratio for the two weeks. Also, the RSI is around 75. Keep an eye Monday morning and decide what to do.
If you have different ideas, please share them with me :)
Thanks!
SHORT long term enter at 2555 target 2417 SL 2608 RR 1/2.6This time is Long -swing trade and i am sure it will works my target may even not enough far
The US stock ignore all bearish signal..that can be from FED tapering and hike rates//that can be from Trump Promise..than can be from Geopolical problem or even Storm.
It cannot conitnue to go highter like that without a big correction,is natural,is the Forex,the market,or market cannot exist.
so no one talk about Bubble..appart some Fed member or other people make a link with bubble and highter stock right now but not say it directly but stock not react,,why?
Simply because in the wolrd of personal trader have more seller than buyer so the big player as Hedge fund and bank continue to buy them for blow the small account of seller,thst's it.
But 1 day and i think soon on a big news or great excuse they will take them profit and will be fast contagious and a big correction will appears..can be anything.
A details on tax reform plan from Trump,than market bought it and so buy the rumour and sell the news
or it can be his Visit to the DMZ border between NK and SK next month..annyway i short it with BIG LOT
enter at 2555
Target 2417
SL 2608
RR 1/2.6 (i can do 1/3.5 or 4 easy coz like i said i think stock can go more deep than 2417,and also docn my SL but ok i let like that)
SHort at 2503 for 7 target SL 2525 RR 1/2.5-Short with 7 target step by step for people who wanna take them gain or reduce them lots.
-i enter with 2 separate lot same as all my trade but this time i write it.
-even not geopolital tension the US stocks not done the real legit correction.
-Fed is tighening and will start next month to tapering.
-they hike rate many time and stock continue to go up,is not logical
i do my trade with many target and will cut 1 lot when i feel it
my final Target is 2437 but i think he can go more down.
my SL maybe too short at 2525 if he go there is crazy,but if i see it will go there i will not cut but :
-add 1more lot
-update my SL
-down my target
but i let the SL for people who not have enough Balance
S&P 500 Futures Short daytrade!Morning Traders.
Let it be known I would NEVER consider shorting the S&P Index unless I had lower lowes.
On the daily I've got lower lows and lower highs. This market should be ready to give us 60 ticks. Which on a single futures contract is $12.50 a tick.
Entry 2240.00 Notice how the gap to the downside will be filled right when we take entry.
Stop loss (SET IN STONE) at 2255.
Target at 2220
Very risky and I dont like the thought of shorting the S&P AT ALL. But the setup is right.
No emotion. Just lower lows.
Cheers!
S&P 500 Look Out Below!The last time the RSI moved down to 38.52, briefly moved up, but returned to 38.52 was near the end of 2015. The index dropped 9.75% from the close on December 18th of that year to the eventual bottom. A 10% correction occurred by the time the bottom was found from the its most recent high.
We are more than aware this bull and rally is due to correct. Is it finally upon us? Today the RSI repeated the movement mentioned above. A similar 9.70% drop from today's close would bring the index to around 2195. The index made its last record high on August 8th. A 10% correction from 2490 would be around 2242. If we repeat the 9.75% drop as previously mentioned, this will clearly be a 10% correction for the index.
Not so fast! Before 2242 or 2195 can be met, there are other stronger levels of support that must be breached first. My first level of focus is at 2401. If the index breaks below this level, we are on our way to the next major support level at 2310. Only when 2310 is breached should we consider continued movement to the aforementioned 2242 and possibly 2195 levels.
In my opinion, valuations are high and overall EPS is meager. I have been a bear for over six months which has kept me away from major gains. However, I have not lost anything as I laid in wait. You only take losses when you close your positions. If you miss out on a rally, but did not enter it, you lost nothing. I have been waiting for shorting signals, which I believe are finally seeing the light of day.
I have puts on SPY and QQQ, while buying calls on the VIX when it was trading sub-8. The VIX could only go one direction when it was below 8. All of this waiting is finally paying off. Will it pay off for you?