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Spx500forecast

SPX500 Bigger Picture Points Below 1450!SPX500 has formed a major top at 3400 levels, and a larger degree Head and Shoulder might be in the making already. A decade old trend line support was broken earlier when SPX500 dropped from 3400 to 2191, Wave (1) on chart. The subsequent rally has been sharp but it is nothing but a counter trend, which could terminate around 2850/2930 zone, Wave (2) on chart. Head is 3400, Neckline was 2345, Left Shoulder around 2900 and Right Shoulder as Wave (2) termination. Let us prepare to go short again towards 1400 levels. Strategy: Short around 2800/2900, stop 3400, targeting 1400. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:SPXShort
by ExclusiveMarkets
Optimism is good but (1500-1600) can't be ignoredStocks markets, risk assets, Cryptos are rallying (maybe recovering is a better term) as markets participants try to price in a possible slowdown in the COVID-19 pandemic. But, even if the Pandemic miraculously disappeared today, the massive economic shock won't disappear anytime soon. Major indices all over the world have already plummeted into Bear Territories and the recent rally is simply a correction. In fact, if you look at previous bear markets, you will find plenty of temporary Bullish rallies within the larger Bearish move. So, I would advise everyone not to get carried away by this. This, of course, doesn't mean that you shouldn't buy good value stocks. In fact, I have already bought some stocks last month and I plan on investing in good value stocks over the next 12-20 months and hold them till the end of the next Bull market. In the next few months, we will be dealing with bad economic data, a bigger than 2008 recession(probably), job cuts. So, such rallies as the one we are seeing now will be sold aggressively and markets will plummet into fresh lows. Until a 50%-55% drop has happened, we can't start thinking about bottom formation. And in my opinion, we are at least 18-36 months away from that.
SP:SPXShort
by TraderAvDM
11
SPX S&P 500 - Loss of momentum on W and M - High resistanceHello, hope your safe and on your guard in those difficult moments. My analysis on the Weekly Chart just before the Heikin Ashi candle close. Right now it doesn't look good. The tails like to be eaten, but let's wait and see how the candle will end. At this moment the look that he want to reject it. The most concerning things for me is the break down of the EMA Ribbon.. this is usually a sign that the retracement will be much longer but market makers could play with that. They actually want you to put back your money inside the market.. to eventually eat more liquidity. They want to let you think that the market is ready to get back on track when the market is only retracing to a gap down exactly on the daily ema ribbon resistance. What I see is that the market can let believe believe a little more that this trend up is there to stay when in reality they will eat all the liquidity around Easter and pull back quickly on the fib 0.5%. Please note that I have not included a Gap Down as I consider that they will eventually be filled upwards by wave 5. Here are some important details for the S&P 500: Renko Resistance: 2838.72 Renko Resistance: [/boquer2661.30 Gap Up: 2538.18 (bottom part of the gap up) Gap Up: 2295.93 (bottom part of the gap up) JMA: [/boquer2513.32 (currently support) Fibonnaci [/boquer0.5 à 2034.20 Fibonnaci 0.618 to 1712.93 Momentum: MACD is down in change of direction on the weekly and downhill on the monthly ... so losing momentum in the long term .. RSI: In BEAR territory on Montlhy and Weekly Eliott Wave: As we are on a cycle III retracement wave and the wave 2 retracement was 0.618%, I believe that the 0.5% and 0.618 retracement are the more likely and the 0.382 retracement has been smashed and is not sharp.
SP:SPXShort
by Crypto_Mercy
look with new lens I think we are at the point where there could be a rapid change in sentiment based on the viruses progress, global tensions, oil price war, etc. If there is no "event" to push the market down rapidly, I believe the return to "normal" will be slower than anticipated for many people. The virus obviously has had, and continues to have, major effects on every industry/sector. lines on chart are levels of interest/loose trends based on blue = 3M purple = 1M grey = 1W I think we may reach 2300-2400 before the end of the month and then head to retest the previous lows.
SP:SPXShort
by machinelearnt
SPX500USD technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support 📌Why DepaDigitalTrading: *Analysis based on my program and tactic readings *Fundamental side in analysis *Price action - FIBO - Candl pattern *FX - STOCK - CRYPTO *Day trader - Swing trader - Position trader - "Sniper" *Simple ideas 💡 SPX500USD technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.6 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
OANDA:SPX500USD
by UnknownUnicorn3983388
SPX500 - the beginning of a recession?😲Good afternoon! It was a fun week for traders! The stock market is flying down. Is coronavirus so quickly led to such consequences, or is it just a reason to make money? The graph shows the price movement options. We have already observed a correction of more than 21% in 2018. and everyone was expecting a recession. However, the price pushed off support and continued to grow. What will happen this time ??? There are several options. Which one will work time will tell. Thanks to all my subscribers and readers for your attention! 🙏 Success and profit! Do not leave, without like, and if you liked my analytics sign up, and you definitely will not miss anything! Disclaimer: I do not give entry and exit points. I share with you my opinion and ideas, which may differ from yours.
FX:SPX500
by CryptoYanina