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.
Spx500forecast
SPX500USD technicaly based forecast
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💡 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
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SPX500: next 2 scenarios#SPX500 has just touched the strong bearish trendline you can see on Daily.
Now 2 scenarios.
First Scenario: The price breaks it and go up until 2800 (Fibo 50%) first and then 2935 (Fibo 61%)
Second Scenario (on our opinion the most credible): the price breaks the support, bounces on hit and go to complete the Elliot Wave on point 5 (and 1.618%) at 2000.
market crash finally here, been waiting 2 years for itWe all knew it was going to happen, here it is, the markets have been propped up by the feds and global economies haven't been good for a while, been waiting for the straw that broke the camels back....
aaaaaannd, here it is, coronavirus shutting the global economies down will make this a recession and eventually a depression soon.
SPX500: Bull Rally May ResumeHi Traders,
Until the drop we had on February 20th, price was making a strong case for continuation towards 4000. This may still happen, as this current drop has completed a WXY expanding flat (i.e. wave 4 on the higher degree).
I'm therefore looking for price to confirm long setups as it is expected that the bull rally may resume.
Trade with care!
Regards
Wave Theorist
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.
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Disclaimer:
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
SPX Long IdeaJust a trading idea, not trading advice.
Quit the shock of a move over a little bit of virus fear that will almost certainly soon blow over.
Not even 100,000 recorded patients infected to date, with a world population of over 7,700,000,000.
Some predict further, some predict recession, some predict the end of the world.
At least in the short term, I predict a dip that is about to reverse.
Let's see where it goes shall we?
Opinions?
S&P500 SPX LONG SET UP AFTER CORONAVIRUS HIT MARKETBUY LIMIT S&P500
ENTRY 1 3014
ENTRY 2 3006
SL 2980
TP.1 3054 & TP.2 3106
Tp.3 3154 & TP.4 3206
TP.5 3254 & TP.6 3306
Stock market’s 6-day drop flirts with fastest slide into correction territory since 2008
Another sharp fall for U.S. stocks on Thursday pushed major indexes into correction territory, marking a drop of more than 10% from all-time highs. Here’s where major indexes would need to close to formally mark a correction.
MarketWatch · 9 minutes ago
S&P500 - crucial support needs to holdS&P futures reached major support area, which definetely needs to hold now for possibility of another ATH in 2020
Otherwise, if price is going below 3000, equity markets are in major trouble and we are likely entering phase of major bear markets and economic recession, last seen during 07-08 period.
Therefore, long ideas should be attempted with major caution and tight stops. Yes, it may be another opportunity to buy the dip, but if it is not, we should be prepared.
Is SPX500 short now?If the price will break 3215 we will change on a short view.
If that, 3157 will be a good level (Gann Angle) to test the short again.
On our view, something is changing, but it's better to wait for a confirmation to definitely "think short"
SPX500 - the market will not allow everyone to earn!Good afternoon! I think many will be interested to know what is happening with the SPX500?
The graph shows the period of long accumulation of the position. And further growth.
The volumes that are currently on the market are simply impressive. It feels like squeezing money out of people creating the effect of lost profit (FOMO).
But you must not forget that there is always a hard fall behind such irrational growth. Maximum levels are indicated on the chart. Therefore, have time to sell on time if you are in a long position.
Thanks to all my subscribers and readers for your attention! 🙏
Success and profit!
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And if you want to learn to understand the market, make money without nerves, write me a PM!
Disclaimer:
I am not a certified trader, but I am well versed in the market and successfully trade.
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.