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Spx500long

Rocky Roads Ahead for SPXFor every one that wants a quick analysis. Basically, SPX is going to be bouncing in this 3400-3205 range for a little while. I believe that we are entering into a consolidation period before a big move. To early to tell which way it is going to go. For everyone that wants a more detailed analysis here it is. SPX broke through its major support line, the grey line on the graph, which then made the pink line the new support. However, it broke through that new support which created a nice price channel, represented in purple, which was somewhat quickly broken through. The break through was very bullish. As seen it was a big gap up and closed very green. However, since then it has been fighting the new support, now resistance, and the 50 MA. On top of that we also have a strong resistance area at 3400. Now today we tested getting over that pink line resistance, the 50 MA, and almost tested 3400 but it failed. This in my opinion is not a great sign. I'd put my money on a pretty bearish day tomorrow. We are going to stay in this new horizontal price channel, represented by green, for possibly up to a few weeks if there is no clean break out soon. I'd expect it to be very consolidated unless some miraculous news comes out. If you are trading keeps those stop losses tight. Happy trading
TVC:SPX
by Absolute_Degen
The Buckshot Projection Of Movement To Election DayThe next quick bear market is in the cards. However, the run to new all time highs will not make the next bear market hurt as much. This projection is an update to one previously posted the other day which accounts for Intermediate wave 4 ending on September 24. The specifics of each plotted point is based on the next top occurring on November 5 and lasting 30 trading days. Intermediate wave 3 lasted 46 days, and therefore this fifth Intermediate wave cannot surpass 46 days in length per the theory's guidelines. I will continue to watch each Minor wave and adjust this scatter plot accordingly. Primary wave 1 will likely end around election day. I currently have the top after the day itself (November 3). I still see a significant decline to follow. This could do with the election's result and presumed impact to the market in the future. I do see an even stronger rebound when the bottom is attained during Q1 of 2021.
SP:SPXLong
by StockSignaler
1
SPX500 and its FAKE-SELL-OFF?!Hey tradomaniacs, in the chart I show you some points why I doubt in a sell-off right now as it is expiration-day and the volatility is generally very high. There are so more points I don`t need to note as they need more explanation but these points are enough for me to stack more longs. In case of a drop I just hedge positions. :-) 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
14
SP500 (Y20.P4.E1.v2).Still bullish with a correction playing outHi All, Keeping it short: With the assumption that we have made wave 1 on the macro level with this being the top, then we are having the ABC retracement. We can assume that we can have a moderate correction or a deep one. For now, the projection is the 0.382 retracement level which has confluence with the Weekly 21 EMA; If it was to be deeper, then the 0.5 to 0.618 EMA level which has confluence with the weekly 50 or 100 EMA; For now, we are in an uptrend and hence the 21 weekly EMA is more probable for ABC completion with a bounce at this level as its on a support line along with confluence on the fib. retracement for this impulse and the 50 daily EMA. Possibly testing the new high; The question is if it was to bounce, how high will it go will determine the size of the ABC correction; With this in mind, I'm also looking at BTC to follow suit; Lets keep an eye on this to a) anticipate BTC levels and b) review and take lessons from the outcome. Please give me a like or tick for this post. Regards, S.SAri. Daily Weekly Note on the daily, no bearish divergence but its on the weekly PREVIOUS POST
OANDA:SPX500USDLong
by ssari
3
SP500 (Y20.P4.E1).Still bullish but a correction taking placeHi All, This is a continuation of my previous post which discussed the correction that is likely to happen soon, now we have it. I'm still sticking to my original thoughts that this price action will move towards the average of this channel and in this case we have: a) support at the previous resistance; b) confluence with the daily 21/34 ema; c) channel bottom or trend line which shows we have 2, depicting a deviation of 1 and 2 of the channel. Price was over extended represented from the deviation of 1; d) fib. level at a number of levels; e) indicators still show downward pressure on the 8 hr and daily; My interest with the SP500 and Gold is from a crypto perspective, as they have direct correlation, with crypto being more volatile, better opportunities in terms of % gains. A few days ago, I saw it coming with that bearish candle on the 4 hrly followed by more; Today's chart on the 4 hrly; Regards, S.Sari BTC CHART PREVIOUS POST
OANDA:SPX500USDLong
by ssari
2
SPX500 - YES Im long againHey tradomaniacs, previous sell-off looks like a decent washout after increasing VOLATILITY and TRUMPS TWEET bragging DOW JONES is @ 29.000. Whether the stockmarket continues to drop doesn`t matter as I expect at least a retracement right at the trendline with the previous fakeout! Good chance to catch some pips! :-) 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
2
SPX At the Multi-Year Broadening Acculmulation Resistance LineSince 2018, SPX has been forming a rare Broadening Accumulation Schematic (If you study Wyckoff, these ideas are present). If we finally break this resistance line, Look for a retest and a race that will rocket pretty far. At least to the 4,000 level. With the holdings becoming more on AAPL and the volume of just that one stock having an uproar, it's possible. Traders, get ready because the Asian session just might be the session to watch for this break. Be Careful, though because the institutions can crash it faster than you can think about it. So be prepared but be careful. We're clinging on to the ceiling of this schematic.
OANDA:SPX500USDLong
by BodiesXWix
Likely 700 point drop looming, but this is very bullishI continue to run more models. My models are like the cones of uncertainty when forecasting hurricanes. The more data that comes in changes the cone. In this case, this chart is completely different from the one 2 weeks ago. That one saw the end of Grand Supercycle 1, this one still has us in the final Cycle wave 5. This model also projects Grand Supercycle wave 1 will not end until early-mid 2022, but more will be published on that later. My prior model was not completely wrong as the major crash is looming, it is now just delayed for another 18 months or so. This chart is using similar models to project Intermediate waves 3, 4, & 5 (which are annotated in the white text) and another one to project Primary waves 1 & 2. The end location for Intermediate wave 3 is based on 110 data points. It is even possible this wave 3 ended with the close of trading yesterday which could start a 150-200 point drop over the next 7-13 days. Intermediate wave 4's end dates and points are separately based on 150 data points. Wave 4's have an average and median drop of around 41% the entire movement of wave 3. Wave 4 will give way to a nice jump slated to top right before election day in the U.S. Intermediate wave 5 is based off of 190 data points and tends to be the most accurate in all of the models I run. The end of Intermediate wave 5 is also the end of Primary wave 1. There is some overlap in the projects for the intermediate and primary waves. The most accurate projections are for the intermediate waves due to the amount of available data to determine those dates and price levels. The yellow text primary waves are larger targets because less data was used to obtain them. The biggest data points for the yellow primary waves comes from one main area. The fifth wave typically accounts for 15-20% of the bigger wavelength (with a consistent average & median around 18%). Theoretically Cycle wave 5 will last around 18% of Supercycle wave 5's length. 18% of projected Supercycle wave 5 is 610 trading days. 15% is 491 trading days. My current projection has Supercycle wave 5 ending (which is also the end of Cycle wave 5) in 2022. I will go into greater detail about these points in the future. The primary waves were calculated solely based on the 491-610 trading day length of Cycle wave 5. Each wave tends last a similar ratio to the larger wave it trades inside. This is how the yellow text was calculated. Wave 1's tend to last ~29% of the larger wave, 2 is ~12%, 3 is ~37%, 4 is ~5%, and 5 is ~17%. These values are not found in any book, they are from nonstop studies of millions of data points my programs have been running. The 700 point drop in the title speaks of my current projection from the end of Intermediate wave 5 / Primary wave 1 right before election day and through the first quarter of 2021. My website will go into much greater detail about the drop and whys. Leave comments if this analysis was helpful and thanks for reading.
SP:SPXLong
by StockSignaler
2
SP500 (Y20.P3.E2).Still bullish but a correction soonHi All, Looking at the chart from a channel perspective, one can see that the price action is over extended with a daily and what looks like the weekly, both with bearish divergences. One will then expect sooner or later for it to return to the average, in this case, towards the mean of the channel. I believe a double top is taking place and if we see the indicators cross over, then that is the signal for a down ward correction. Just like Gold or BTC , I don't see a big correction. I believe we will still have upward pressure based on the indicators. OBSERVATION: ================================================= > The price is completing a double top with a bearish divergence on the daily > The price is over extended to the 3rd deviation of the channel > Looking at the weekly indicators, we can see the orange energy below 60%, showing downward pressure is close near by > We have the green rsi almost touching the red, another downward pressure indicator near in the making > Since both RSI's are above 50 or 60%, we know at this time, that the pullback will not so deep, at this point > The Stoch . is close to crossing over, the signals for a downward motion. THOUGHTS: ================================================= > Price will likely move towards the 21, 34, (black ribbon) or the 50 EMA , which are all within the channel, 1st deviation. > Along with the fib. retracement, its my opinion we will make a small dip below the support line touching one of the moving averages. Please give me a like or tick for this post. Regards, S.Sari 8 HRLY chart Close up view on the weekly
OANDA:SPX500USDLong
by ssari