A Planned Formation - WedgeSPX is clearly extending above levels of speculation and lacks reality.
evaluating crisis based on impact, it is clear COVID is the dominator.
The price does not accurately represent the current state of the economy, not just in the US but around the world, it is clear we are in times of turmoil.
Spx500forecast
SPX could MOVE UP NOW!Hey tradomaniacs,
looking at SPX500 we might get a great chance to buy very soon if the current breakout continues.
The consolidation seems to be done soon with the previous breakout and could attract more bulls to take action.
Buy-Zone would be above the resistance-zone and trendline (b) which is a high liquidity-zone looking at market-depth.
Keep in mind that LIQUIDITY and VOLUME can be very thin as US-market is closed due to Thanksgiving!
More risk on could boost Majors against US-DOLLAR.
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Peace and good trades
Irasor
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SP500- up, up, up!After US election, SP500 has started to rise and now is trading more than 10% up since the recent low and just under all-time high.
Although I don't see any fundamental reason for this rise the market always knows better.
From the technical point of view, the index broke above the trendline resistance of a symmetrical triangle and we can see a new all-time high and a run to 4k zone.
Dips should be bought for SP
SPX500 BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
SPX500 (US500): Daytrade-Execution
Buy-Stop: 3609,00
Stop-Loss: 3600,00
Target 1: 3617,00
Target 2: 3623,00
Target 3: 3635,00
Stop-Loss: 9 (90) pips
Risk: 0,5%
Risk-Reward: 2,95
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Analytisng S&P 500 Direction using RSI Tunnels indicatorUsing the RSI Tunnel indicator of mine to analyse S&P 500 direction.
As you can see in the chart, it's quite touching the resistance at 3590.
We did get a bullish signal with RSI Tunnel indicator like 6 bars ago.
Be cautious, if it breaks resistance level it will do it strong, otherwise we have pullback.
Note: In case you want to help me test the RSI tunnel indicator, msg me.
It also works well on lower time frames.
LIKE this idea as i will update this idea with the actual results of the s&p500.
SPX500 BUY IDEA #DaytradeHey tradomaniacs,
welcome to a new free trading-setup.
This is meant to be a preparation for you. As always we will have to wait for a confirmation!
SPX500: Daytrade-Preparation
Notice:
Identified lots of buyers with the retest in market-depth but market overall very shaky!
Low risk and aggressive management or stay out! Market very tricky!
Waiting for more bullish confluence with the current retest.
Market-Buy: 3298,00
Stop-Loss: 3270,00
Target 1: 3327,00
Target 2: 3343,00
Target 3: 3365,00
Stop-Loss: 28 pips
Risk: 0,5% - 1%
Risk-Reward: 2,35
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
S&P 500 short position/SPX SELL and DROP=SHORTSPX shows signs of serious weakness having on mind technical side of the story.
TECHNICAL PART:
- DAILY MACD BEARISH
-WEEKLY MACD BEARISH
-DAILY STOCH RSI BEARISH.
-WEEKLY STOCK RSI BEARISH
From technical side i don't have doubts that stock market will experience one more crash which will be followed by inflation of USD towards 1,26 and 1,35 instance over EUR.
From fundamental side, S&P 500 had three technical years historticaly (continual growth since 2008-nowdays) followed by a big crash on January 30.th when index fell from 3400-2200 index points.
THATS 12 YEARS OF CONTINUAL GROWTH APROXIMATELY, since 1 technological year equates to 4-5 calendar years.
USD MADE TRIPLE JUMP IN TECHNOLOGICAL SECTION BRINGING TECHNOLOGY to 5 NM.
THEREFORE, I DO EXPECT SIMULATIOUS DROP ON NDAQ AND DJI.
Now, after this " butterfly pattern" manifests, index of this unsustainable price will bring #SPX index to 2400 points and lower levels including very top of it at 1867 level.
GERMAN ECONOMY WILL FOLLOW, I've stated it in the other chart of mine :
CLEAR YOUR POSITIONS.
Cheers
SPX500 BUY SIGNALey tradomaniacs,
welcome to a new free trading-setup.
SPX500: Daytrade-Execution
Market-Buy-Order: 3465,00
Stop-Loss: 3435,00
Target 1: 3495,00
Target 2: 3510,00
Target 3: 3535,00
Target for One-Target-Trader: 3510,00
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
SPX500 could move UP soon!Hey tradomaniacs,
looking at the current structure of SPX500 we could see a move up as we see a falling wedge here which is a trend-continuation-pattern.
Of course, a pattern itself is no buy.signal, but it is an evidence for a possible break to the topside.
Fundamentals such as corona-figures, STIMULUS and tradewar will tell us.
In case of a breakout we could execute a long-position with a nice risk-reward-ratio. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Spx500 Break and retest entryS&P looking like its making a morning star at the 61.8% on the Fibonacci and the retest zone. Going to target the previous high.
SPX500 Long SetupPrice will come into this area and find support as it will be a 15min HL and a double bottom on the 5 min at a previous HL. Easy pips you enter here