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Spx500forecast

Are we seeing the start of a downtrend for SPX500? Are we seeing the start of a downtrend for SPX500? Last week, we broke out of the rising wedge and gapped down. Currently, MACD, RSI, 2 Day "Rate of Change" and Filter wave are all showing bearish signals. Therefore, I am leaning towards the market to go down. If we close below 2934 (0.618 Fib retracement and 50 moving average), it is a CONFIRMED downtrend for me. Lastly, we cannot rule out sideways actions, it will not surprise me that we trade between the fib levels (2934 and 3136) for the next 5 days.
TVC:SPX
by johninvest17
SPX500, what's next?What's next on #SPX500? First of all: to be honest, before today we were pretty much sure it would reach 3000 Area. Now, something is changed, obviously. As the bullish trendline was broken on 2900 we turned our trades on a short view and we made a very good profit, as you can see on our free Telegram Channel but once broken the important level in 2830, we cannot think about long trades. So we wait for the same level is retested again to open another short position until 2777 area. If broken as well, we wait for it to reach the previous point 4 of Elliot Wave visible on the daily timeframe. Target 2730.
OANDA:SPX500USDShort
by kitchen_trading
SPX Outlook for this next two weeks.Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction? I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still sleepy and that can go higher (I can not imagine how, but the probability exist. What are your thoughts? What part are you on? Thanks!
SP:SPX
by harribatu
1
SPX500 scenarioOur view on #SPX500: Price reacted very well on the last Fibo Zone in 2900 Area. The next one is around 3000 and we're sure the price is going to reach that zone and bouncing downside to 2900 Area. This is a possible short trade. We only have to wait for a confirmation for a long trade to area 2900. It seems a Wave pattern is consolidating. We only need to know where the point 4 will be. Which channel will be confirmed? Time Analysis suggests us we will discover it on Monday!
OANDA:SPX500USDLong
by kitchen_trading
SPX500 SELL SIGNAL Hey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Market-Sell: 2796,00 Stop-Loss: 2830,00 Target 1: 2759,00 Target 2: 2727,00 Target 3: 2680,00 Stop-Loss: 34 pips Risk: 1-2% Risk-Reward: 2,57 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:SPX500USDShort
by Trading2ez
5
S&P 500 INDEX (SPX) WeeklyDates 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.
SP:SPX
by Dinjin
1