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Spx500forecast

SPX500 breaking channel - Possible Big ShortSPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade. As this market is bearish trending and momentum on all across higher time frames supporting the view, so keep watching this market for a big trade opportunity. Trade Safe!
FX:SPX500Short
by UmarAbdurRehman
4
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2379 (61.8% fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:SPX500USDShort
by Tickmill
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2375 (61.8% fibonacci extension). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:SPX500USDShort
by Tickmill
SPX500 approaching support, potential bounce! SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
OANDA:SPX500USDLong
by Tickmill
Imminent Market Crash in 2019, S&P500 leads the way!S&P500 The Market has been enjoying a BULL RUN on a long-term bull market since the 2008 Financial Crisis . The main characteristics of a bull market is a slow rally market followed by with the last push parabolic where it will trap all the last minute and naive investors who are still going LONG for a market that will eventually see CORRECTION and RECESSION on a flat and low yield environment where prices no longer meet its growing demand and value output. Soon the market no longer able to increase in its market capitalization on growth should see a Double Top or Triple Top(FalseBreak) all-time high. Debts are piling up as usual and the market has been artificially inflated by cheap borrowing and ETFs support over the years. The market is still ranging on its TOP Trading Range and support may still be found on this low range, this low range support will protect its continuation of a bounce within this TOP Range. However, the moment the price closes below this key range support on this TOP Trading Range. We will witness the 10th year financial crisis that every BEAR and SHORT Sellers are waiting for. This heavy correction or bear market should be a quick and decisive one which may last less than a year or short. On a yearly candlestick, we are looking at a possible BEARISH ENGULFING candlestick with huge body% dominated by big players who are no longer willing to build long portfolios at current market price. So what may lead to this? China Debt Crisis of over-leveraging on borrowing on its global property market expansions, CHINA'S HOUSEHOLD DEBT HITS RECORD HIGH — AND IT'S STILL RISING. Dollar high-interest environment pushes equity to higher risk during a high-interest environment where money is better kept in treasury versus equities. Slow and Lower Yield global market environment, flee for cash and safe havens will once again be back in the picture as countries like JP and SWIT can no longer hold negative interest rate. The moment S&P500 give way on this support level, the entire market will meltdown just like how $Bitcoin or #Bitcoin breaks its 5700 support, the entire market cap will fall together as money will exit equities, options will be triggered, futures will change direction, and there will be an escalation of normal people's asset and net-worth tanking leading to more money panicking to move out of the equity and stock market. The global market has been a joke since the recent artificially inflated money game of cheap money and inflating the market with ETFs. Soon, everything will correct to where it should be. The panic will buy more during this crash and finally losing so much before it turns around. #Disclaimer Forecast only :). Good luck boys and happy new year - FTD.
SP:SPX
by FXBOX
SPX500 approaching resistance, potential drop! SPX500 is approaching our first resistance at 2822 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2622 (100%, 61.8% Fibonacci extension, Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:SPX500USDShort
by Tickmill
1
SPX500 approaching resistance, potential drop! SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:SPX500USDShort
by Tickmill
S&P500 where are we going?There is lot of predictions and discussions about S&P500, and which direction will go. H4 chart shows book example of Hammer Candle. Last green candle does not have enough momentum to move price higher. Then if you open long position you are in danger with you profit. Need to wait for strong momentum action. Let’s wait and see what will happen in the next couple days. Look on divergence – they always keep us on the right direction. Keep in mind that divergences are not indication of trend reversal. If momentum will start rising, then should reach first target T1. Pay attention to the red circle on JP Spectrum and blue TL. cheers, Jim
OANDA:SPX500USD
by jimmycdn