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Spx500long

SPX500 Within a Channel - 2 Possible LongsSPX500 Long Setup Idea Entry Levels: 1) $3,785.7 2) $3,764.8 TP & RR: $3,870.7 (4.89 and 5.71) Stop Loss Levels: 1) $3,768.3 2) $3,746.1 REASONS FOR THE TRADE SPX500 may be due for a small correction and I want to catch the indicated level, which is a flip from resistance to support. I believe it should hold well, but what I am really looking for is a quick, clean wick to the entry or worst-case scenario a close and then a quick trend up. If the price closes under that level, then the trade will be invalidated and I will be looking to open the second long order with an even better Risk : Reward. I will also be looking at the Trend Volume RSI Analysis and what it prints in terms of trend and divergences.
OANDA:SPX500USDLong
by Quant_
S&P 500 Index Long SetupSPX500 LONG SETUP IDEA Entry: $3,715.9 Stop Loss: $3,680.5 TP Levels and RR: $3,784.4 (1.94) REASONS FOR THE TRADE I know that I am posting this with a bit of hindsight, but by the time I opened my order and came back to do the analysis the price has already gone up. Anyway, I am posting this in case there's a small retracement and you decide to jump on board. The indicator Trend Volume RSI Analysis shows a clear divergence in the volume and you can also see the buying and selling distribution in the Multi Time Frame Effective Volume Profile below. I have also applied a Fib Retracement to this ascending triangle, which indicates that the take profit should occur somewhere near the potential resistance. The SL level is put at a level far enough from the trend line. You can be slightly more aggressive here and move the SL up, which would significantly improve your RR Ratio. Generally speaking, breaking down this trendline would invalidate the setup, so if you have taken that particular trade you may close your position before hitting the SL.
OANDA:SPX500USDLong
by Quant_
SPX500 and a NICE BUY-CHANCE!Hey tradomaniacs, SPX500 could move up 👉 Todays sell-off pushed price down into a price-zone with possible bullish confluence. Primary Trendline pls horizontal support-zone can be a very attractive zone for buyers as soon as we see a confirmed rejection. In terms of correlations a perfect match with the GAP-CLOSE of DXY (US-DOLLAR). LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
OANDA:SPX500USDLong
by Trading2ez
6
SPX WARNING! BE CAREFUL, END OF WAVE 3 IN APPROACH?Hi evreyone, With a clear divergence on this last wave since january 2020, i believe investors must be careful with this main wave 5 inside the super cycle wave 3. If you ask me if it's the time to enter? My answer will be... "Bottom of wave 2 was the time to enter or bottom of main 4" which was the last march retracement.. but not now. On this chart you will see that many more entry points will be available on the retracement of Cycle Wave 4. For sure we can reach higher than 361.8% and make an extension... but i'm pretty sure that SPX will face big time resistance around 4000.00 and usualy 3.618% is the last exit for many patient investors. Also there is a clear bearish Divergence which is confirming Main W5. Long trader are now looking to exit slowly for cycle wave 4, HFT Bots will follow. If Main Wave 5 Stop at 3.168% = 39 here are some entry points 0.398.87 = 2698.87 0.5 = 2310.86 0.618 = 1922.86 Golden Fib You will find a lot of buyers between 0.5 and 0.618. For sure those entry numbers refers only to a retracement that would start from the 3.618% a little less than 4k. The arrival of the Joe Biden will be a great pretext, just be careful. Defensive sectors would be appropriate right now like HEALTH. Health care tend to generate stable profit throughout all phases of the economic cycle. Consumer Staples, Health Care, Utilities, Telecom services. -If you take a look on the daily chart the daily EMA Ribbon is complety reversed which give more place to volatility and retracements. I will post the EMA RIBBON under. For me this Look pretty scary at the moment, i would not be a buyer. A gap like this usually can last around 65days to 80 days, this bring us between to the 6th and 21 of january. Super Cycle wave 5 tend to loose strenght... but this wave can bring us around 5000 and more. Have a wonderful christmas, best to you !
SP:SPX
by Crypto_Mercy
SPX500 could PUMP again!Hey tradomaniacs, After a re-test of the current trendline and key-support-zone we could see another bounce upwards in order to complete the impulse-wave-pattern. Price-Action showing demand at this zone and so higher bullish confluence. A pump today could be important for pairs such as NZD/USD, AUD/CHF and NZD/JPY to break their key-resistance-levels. Since price and spread can vary for this assets I don`t make an call with exact Entries. 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
3
SP ABOUT TO GO PARABOLIC TO 3311 (Elliot Wave THEORY)There is a seismic shift about to happen. The news cycle is about to get very intense with covid and the election. Should you take my advice?? I'm only following the chart and filtering out the noise. There are peak bubble signs everywhere you can look. All time charts are at or near peak resistance for most global markets (Germany, Japan, USA...). I leave the decision to you, these are just my observations. SP500 with very little noise gave a MASSIVE BUY SIGNAL by registering a new ALL TIME CLOSING HIGH by all of 5 points on Friday. It has bounced off support. The DOW has not yet its yellow line support, and the NASDAQ has bounced off already. It is yet to be seen if the DOW will also be able to bounce off support, or fail completely. Elliott wave Theory has SPY 381 tagged as the next target, and it would also be the target for the culmination of a 3 wave super cycle dating back to 1993. Dot com peak wave 1, 2008 low wave 2, 2020 Covid peak wave 3. THEY WILL CRUSH VIX TO BRING IN ALL THE SIDELINE MONEY WHO THINK IT WILL BE SAFE TO ENTER ONCE THE FEBRUARY GAP CLOSES. INTENSE FOMO AS WE SMASH ANOTHER ALL TIME HIGH. MARKETS CRASH WHEN EVERY BEAR BECOMES A BULL, AND AAII SENTIMENT REACHES FULL BULLISHNESS. Lockdowns will potentially come to trigger the peak sell off at SPY 381. They use the headline as an excuse to trigger the sell or buy around a technical level. But you knew that, right?
SP:SPXLong
by mjmassens