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Spx500bearish

SPX500 selloff PENDING to 3070 *history repeats itself* MID-LONG WHEN IN DOUBT, ZOOM OUT! ON the SHORTSELL we're looking at possibility 1-2 (maybe even 3 ATHs on SPX500 index) to follow suit -- a consolidation in what is/will be a a continuation of this bullish priceaction we've been seeing; the same I've been calling for since the start of Q4 yet we are almost at the apex, the mountaintop is approaching which will *(presumably after the holidays)* lead to further bullish priceaction followed by a selloff treading us down toward the $3070.5 area, a bearish dump which should approach fast & furiously if the pink trendline from DEC '17 is any indication, we're seeing a repetition in priceaction that will ultimately lead to a retracement -- though keeping it on the EMA for you forex swing traders , SPX500 has had an UNDOUBTEDLY FANTASTIC RUN THE PAST 2-3 QUARTERS, FOR ALL OF 2019! yet all good things must come to an end. Remember this publication is LONG so although the slope between the green TP line & current price seems miniscule, it could actually take a while (pointless to speculate timeframe) but >30D before it reaches that apex leading us to the selloff @ 3070.5 Great thing about stock predictions is that much less volatility == much more predictability == much less $ROI due to lower risk/low reward. Like riding a bike with training wheels on flat terrain as opposed to riding a mountain bike on gear 10 up everest (forex trading wallst vs forex trading @coinmarketcal) This could very well be fantastic news for $crypto priceaction as (much similar to all other commodities) it parallels precious metals, XAU, etc. as a means of FUD for those looking to liquidate assets in times of speculative uncertainty aka FUD. I'll leave it at that for now. Also, $BNB priceaction looking solid for entry (defer to linked publication below) but I digress. Peace & Love. Happy Holidays & New Years -- will follow up with daily publications (as promised) after the Holidays circa Jan 10-12th. Disclaimer Not financial Advise. Please invest wisely & always set stop-losses. -@a1mTarabichi
OANDA:SPX500USD
by a1mtarabichi
SP500 : THE BIG SHORTHi traders! For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities. I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an overall idea of where the market is standing at any giving point. It's also important to see for the technical side of things how the market reacted when the previous 2 market crashes happened. I truly think that its almost impossible from just looking at the chart of the SP to manage THE BIG SHORT. There is too much things happening outside of technical analysis to bring out the true colours of what might happen next. All major movements will be triggered by something fundamental... something that will have enough power to shut down everything in the market. When those movements happen, thats when things get very technical. You could draw some nice patterns and use some FIBs to get a clear idea of where the price will go. I always like to go over time scales to understand how much time passed during each crash and the recovery times. I noticed that as of today, we are almost exactly are at the amount of days of both crashes (DOT COM + HOUSING) without having a national crisis of some sort. Then I thought to myself what is the current bubble right now? How are things standing in the world right now? Possible Bubble? Crypto currencies New USA President.. TRUMP! Debts? Larger than it ever was War? North Korea Just to name a few.. I'm just thinking that if a crash could happen, we might be near it right now. I don't have all the info to crunch some real data and compare some economic projections but some things just seem like they are already set in motion for it to happen. As far as the most general of all indicators, MACD is sitting very high (as high as those 2 last crisis) RSI finally managed to make it above 70 (which is NOT a good thing atm) The blue zone I highlited on top of the chart might be the last straw for the SP500.. TO BE CONTINUED Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
SP:SPXShort
by ScottMescudiForex
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