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Spx500forecast

SPX500 STACKING long PositionsHey tradomaniacs, SPX500 looks very bullish to me as the previous fakeouts have created a double-bottom-pattern. These fakeouts were the perfect moves to washout these massive crows of robin-hood-traders. The current option-market is full of these retailers who are taking the liquidity for the big players. To get this liquidity big players are forced to manipulate the market to the downside in order to hunt the stop-losses. When I look at the market-depth (on daily basis) I can see accumulation of volume and these SL-Hunt-Moves as the sellers instantly get aborbed by the ALGOs. Economy is also recovering well so far which is why I expect more momentum to the upside. As always I will manage this trade very aggressively, especially ahead the FOMC-meeting today. 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. :-)
OANDA:SPX500USDLong
by Trading2ez
2
SPX - Bearish PennantSPX is in a bearish Pennant. I'm expecting we break this by end of Thursday 9/17, if not tomorrow 9/15. I'm hearing a lot of chatter that the correction is over..yada yada. We are in a notoriously bad month for stocks, not to mention COVID 19 is ongoing, unemployment is still rampant, and most importantly we have a very important election coming up. Markets do not like uncertainty if Biden wins or Trump, it doesn't really matter the market needs concrete data to digest and reflect prices, until then I think we reached the top, fueled by retail traders, stimulus money, 0% interest rates, and of course the moon boys. I do not see a point to go long until after the presidency, I also have a feeling we will get a vaccine or treatment by then. Seems like the bubble already burst, would not be surprised to see SPX go below 3000 before the election. Not to mention the U.S marketcap to GDP ratio(Buffet indicator) is currently higher than it was during the dot com crash, something interesting to consider. This is not financial advice, merely it is my reflection on what direction I believe the market is heading.
SP:SPXShort
by Vitaliiy
1
SPX heading down to 2000..On today's close, the uptrend that began in April is now over based on the intermediate term EMA cross. There are several factors which I would conclude are ripe for a major decline in the S&P 500 of which include: - Upcoming election in the US - Global economy mired in recession/depression - Massive overvaluation - Poor internals - A few select stocks (FANG) leading the capitalization weightings - Overall bearish seasonality We will be taking short -5x ES contracts (-1x SP CME) on Sunday evening. Target is 2000 on the SPX with a slight possibility of a major reset down to 1550-1650 range if the panic is strong enough. VIX 100+ is possible during this timeframe. Buckle up and get ready. USD cash will be the strongest asset. All else (gold, bitcoin, commodities, etc.) are going to get hit BADLY...
CME_MINI:ES1!Short
by kaotic363
2
SPX Pullback This Week Expected (600-1000ish pips)Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might temporarily be over. I've outlined the impulses/rallies in blue and the pullbacks in gold going back to June. After our last major resistance turned support (designated in the pink bordered box) that area was never retested once it left the building. After the big dip on the 11th creating and creating a new high on the twelfth, you can see the RSI and MACD see a shift in momentum. I drilled a little deeper into this segment here. SPX did not create a new high and side stepped the channel we've been following for the last two weeks. Which means another channel will be forming and I have the idea in the original chart. I believe we'll be following that channel probably making a few big drops along the way to the 3290-3280 area. Which would currently give us roughly 880 pips. What will be interesting to see is how it reacts with the 3330-3334 level. It is possible for that level to maintain support as it moves sideways. But I believe that is highly unlikely. Instead I believe it will drop through that level and retest for the sell down to the 3280 area. The two scenarios are loosely depicted below. What I'm personally hoping for is a quick/deep re-tracement bouncing off S/R levels along the way in which I will setup a sell down to the 3280 level for the major sell that would look something like this. Lastly I had to take a fibonacci re-tracement into consideration. The 3280 level sits just above the 618 re-tracement as is with the current high and 3280 being "1" fibonacci level. It would not be surprising If we see bullish action and a new All Time High (ATH) created around 3205 come Sunday/Monday that would then push that 618 re-tracement level up to match the 3280 level. This would be the ultimate trade scenario and such a scenario would be as follows. The one thing that could happen that I'm not considering is if we fall straight through that 3280 level. So I'm not going to worry about that. Thank you for checking out my analysis! Let me know what you think, please and thank you.
OANDA:SPX500USD
by BodiesXWix
The August SPX ChannelIt hasn't ventured out of the channel yet since thee beginning of the month. It's been very predictable and easily tradeable this week as long as you're paying attention to the support and resitance zones that it continues to create as it works it's way through the channel. However, we're nearing the ATH and I'm curious as to if we'll see if the resistance force of the ATH (3398.2) will knock it out of the channel. I've set many buy limits when it makes its small predictable dips at the end and/or beginning of the day. They'll eventually trigger the entry and continue on. I'm not a position trader, but I have been placing many positions in SPX the last 2 weeks due to the predictability. But now a new frontier is just at the heed. We could see the classic Squeeze play that may end up in the channel creating a new all time high looking something like this. Or we could see the price action bounce otside the channel from the resistance of the ATH. Retest that high as a double top before making a correction. That nay look something like this. I'm Personally Bullish and I'm setting another buy limit around here and hoping to be apart of the new high when it happens. I see the support line at 3362 and it may dip a little lower, but that's where I expect my next entry. A couple of Scenarios to think about. The best thing to do is not overthink it. Not predict price but react to it. My personal opinion is that it's been easy to set buy limits at support levels and continue riding them up. I don't see why this would be any different.
OANDA:SPX500USDLong
by BodiesXWix
SPX500 REVERSAL???Potential double top could be forming on the daily hinting at a new downtrend coming soon. NFP last week pushed us up but the bear quickly brought SPX back down to reality and now we are looking at a further push to the downside should price break the necessary trendlines. I am seeing heavy consolidation at this resistance level when scaled down to 1 and 4hr time frames. A pinbar has also formed on the 1HR so I would be looking to take up short positions on SPX in the coming days once price breaks out of the consolidation box. Comments welcome! Happy Trading!!
FX:SPX500Short
by blessedasalei
Buffet Indicator and Gold at the all-time highs... I just don't get it, we currently have: Gold at the all-time high Buffet indicator is at the all-time high (because of a huge GDP drop in Q2 ) But we're only 3% below the all-time high on S&P and VIX is at the lowest levels since Feb. Something is wrong here, I think we should definitely see another correction. V-shape recovery is too easy for these kinds of conditions. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and/or the script don’t provide any financial advice.
SP:SPXShort
by QuantNomad
6