Elliott Wave Principal - SPX - in ABC correction of Wave 2As per my previous Elliott Wave Principal count, the impulse wave to 3200 is confirmed to be the top of wave v. We are currently in a ABC correction that has a high probability of being Wave 2, as that should follow a corrective wave pattern.
Keep in mind that Wave II can retrace 100% of Wave 1, but its more likely to retrace to the .618 fib of Wave 1.
If you are bullish, be careful as this is generally where a lot of retail get caught holding the bags. The B wave can technically retrace up to the top of Wave V, but i think that it is unlikely.
Good luck and stay safe!
Sp500usd
S&P500 daily- Rising Wedge with near certain breakout.
60% of Rising Wedges end with a downward breakout. However, downward breakouts are some of the worst performing chart patterns, with an unacceptably high failure rate, small post breakout declines, and pullbacks occurring 72% of the times.
Thomas Bulkowski- Encyclopaedia of Chart patterns.
thepatternsite.com
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.
☆ SPX / USD SP500 — US Stocks Trading ☆Hello!
As usual regular update to US stock market on S&P 500 / USD (index).
At current spot we near resistance of 3000, which is hard to break from first try. This is okay.
Many companies still down due to world lockdown (covid-19/20), some companies gradually recovering. And some very close to previous highs or above it (AMZN, TSLA etc)
This process represents price local sideways in the price of SPX.
Hopefully this week we going to see breakout from 3000 and move forward 3100-3200 zone.
DISCLAIMER: If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Stay tuned to Artem Crypto
SP500 (Y20.P3.Video).Recent price action explained.Hi All,
*** Note: This video is a followup on my previous posting on the SP500 forecast, with measured success. ***
The following video post is my take on the SP500 price action in terms of technical analysis.
If you were to look at my previous posting on this, it gives a background to this video.
But I also recap some of the points in this video.
This video recording is my attempt to explain what I take from the charts, historically and how its applied to the past few months and the next phase of the market.
Please give me a like or a tick for making this effort.
Regards,
S.Sari
My reference: A.Charts
Reference materials:
Bump and Run Chart Pattern Strategy>
tradingstrategyguides.com
Previous post and a background reference to this video
SP 500 — US Stocks Rally Confirmed?! [EMA21]Hello!
Dear traders, trying to keep you updated with SP500 price action. On previous SP 500 analysis I payed attention to EMA21 many times.
Seems like today price went down to test EMA21 again. And this is good signal for continuation.
This could mean price just correcting sharp trend.
Keep cautious positioning about SP 500 and US stocks. Still cloudy situation to be 100% bullish or 100% bearish.
Trying to trade what i see.
DISCLAIMER: If you following somebody with good Risk/Reward and Win Ratio.
Without risk management and allowing yourself to lose some trades, you won’t be good trader/investor.
Please don’t follow any analyst blindly on this website.
Always use stop loss to prevent yourself from losses.
Make sure you understand and afford the risk. Please.
ATTENTION: Dear followers please consider to appreciate my ideas on tradingview with your likes, this will help bring more quality content in next trading ideas. And if new to my work, and you like it, you can Follow my page to receive ideas in your Ideas Stream. Thanks 🤝😊
Will S&P500 avoid a selling panic amid coming Q1 reports? HELPThe S&P500 is enduring tense economic times with high money injection.
If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward.
However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and TP is at 2977.68 and TP2 at 3200.
Happy trading and stick with smart money attitude
About SPX SP500 And BitcoinStudying the SP&500, one of the main indexes of the United States, we can see that after the fall of the markets registered approximately a month ago, this economic index reached the extremes of 2016. It is now above 50% of the Fibonacci retraction line, with a recovery of more or less 28%, with a main support at 2643 due to the interception point between the EMAs (9,50) and in the last negotiations I create a touch of the EMA50 in the price that Actually is related in the 2789.83 with market closure.
Making a comparison with Bitcoin we see that there is no direct correlation. The United States economy had a faster recovery than interest in investing in crypto assets.
The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.
If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.
If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.
If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: www.tradingview.com
Thanks a lot for reading...
Remember to hit LIKE to show your support.
Namaste.
Continued downside for equities...General global tension along with a slowdown will most likely cause equities to correct much further down... not expecting a recession anytime soon but surely a large correction is needed given the current global climate... Technicals are also lining up as a possible head and shoulders is beginning to form... The most recent move down could also be considered an ABC corrective pattern... ending at the green line I placed on the chart... would not be surprised by a relief rally pushing up towards 2990... near that level I will consider taking a short position...
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.
S&P 500 Index Drops Below Support (Is This It?)[UK]Yesterday the S&P 500 Index (SPX) dropped and closed below EMA10 which is an indicator that marks strong support for this index. Trading below it gives it bearish potential.
Today, the SPX tried to move up and was quickly rejected on growing bear volume. We believe this can go much lower.
You can see all the signals and details of this drop before it happened here:
Make sure to hit like to show your support.
Thanks a lot for reading.
This is not financial advice.
Namaste.
S&P 500 New All-Time High (Weakness Continues To Build Up, UK)The S&P 500 Index (SPX500USD) has reached a new all-time high while weakness signals continue to pop up all over the place.
The MACD continues descending and going lower:
Bearish divergence is now showing on the RSI from the 23rd to the 29th April, marked with a blue arrow...
How much longer can this go?
Let us know in the comments section below!
We are still expecting for this index to drop according to the signals just mentioned.
Thanks a lot for reading.
This is Alan Masters.
Namaste.