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Spx500long

🤔 Crunchtime! (SPX)💰 LET'S GET INTO SOME SPX 500 ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷 Neutral - 3day Chart - Candle Doji Compression - 2/3 EMA DOTS Red Is corona wave 2 on it's way? I hope so lol. This week will tell us some critical signs to take with us in the market next week. Stay alert as we could be experiencing early signs of trend change. Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
TVC:SPX
by UnknownUnicorn2319099
6
🤔 Is It Time For Another Major Market Correction? (SPX)🚨 Let's take a look at the emini futures contract on a 6 hour chart. Is this the start of another major correction or will the fed save us all!?!?!? We currently sit under 3 major levels of Resistance from the previous major market correction to the upside. Horizontal top and the 2 upward red previous major support levels, which are now acting as Resistance. The 6 hour is compressing with a flat doji on the Crossover strategy. The ema dots are beginning to shift red. Lower timeframes showing lower lows. If you are long than you need to be very careful here. Would not be surprised to see a selloff happen. Have an awesome trading week! 😁 🥇MLT | MAJOR LEAGUE TRADER
CME_MINI:ES1!
by UnknownUnicorn2319099
8
S&P ($SPX500USD) 🏢 | Are We Still Bullish on the Market?📊 Bulls have been on a COVID recovery rampage despite some unrest in the streets. While we are seeing a pullback on some previously bullish S&P holdings (for example Apple and Microsoft) today, the market is still somewhat mixed as money flows into banks, airlines, etc. Overall there is no indication that the top is in, but there is some indication that a correction could be in order. Given that, let's map out some key levels and see if we can't create a plan for if and when we do see a pullback. Resources: www.cnbc.com + www.marketwatch.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Fractal Trend is showing a strong uptrend (Navy colored bars) on the 1-hour timeframe. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Navy colored lines) and/or bullish S/R levels plotted by Directional Bias (Navy colored lines). 3. The plan here is to get an entry from the breakdown of the rising wedge illustrated on the chart. While we do think a pullback is in the cards, we should note here we don't give this pattern a lot of weight given it is on a lower timeframe (not as many people will see or react to lower timeframe patterns in our experience). Our target for an entry on a potential pullback is the S1 orderblock and S/R flip cluster. This level keeps the bullish structure fully intact and has enough previous interaction to make this support likely to hold. 4. We have placed our stop well below S1 as we expect that level to absorb selling pressure. Any serious breach of S1 level means the S2 orderblock and S/R cluster which acted as a major pivot point in the past is likely in play, and so we would want to consider another setup there instead of trying to ride out our S1 entry. 5. Our target is R1, because R1 is the next logical point of resistance and as a bonus, gives us an attractive 1:5 R:R when paired with the rest of our setup. With the trading plan noted, there are actually many levels of interest on the chart that we haven't discussed yet. Above we have R2 and R3, with R3 specifically being a range in which a reaction is likely since it is the range formed from the previous top. Below we have S3 - S6. Each lower support means a further loss of bullish market structure, so keep that in mind if and when these levels do come into play. The most vital levels for the bulls to hold are S5 and S6, otherwise, we would be in danger of a long term downtrend being formed. Good luck traders, may the money printer ever go brrr!
OANDA:SPX500USD
by AlphaBotSystem
6
$2940 Must Hold! (SPX)We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951. We want to see the old Resistance become new support for a trend continuation upward for the bulls. The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is. I'd look to find a long term position on a short below 2940 or a long 2950, will play tight stoploss. If support cracks this could be a fakeout and return with a massive selloff. Perfect compression play setup with our Crossover strategy. As of now we are bullish. Time to get aggressive on the spx500. Have a blessed day! 😁 🥇MLT | PRO TRADERS
TVC:SPX
by UnknownUnicorn2319099
7
It's time SPX correlates with economy and society again.Let’s take a step back. What do we see on the bigger picture? Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months. What did we see in those five months? Very quickly declining buy volumes. What did we see after there where too little buyers left? A correction downwards lasting roughly a month. This is also what we saw in February/March 2020. The huge drop in February was enormous and went very quick. The correction upwards, went much slower. And we know: Impulse takes more price than time, correction takes more time than price. And that is what we are seeing here, ladies and gentleman. So we have a very strong (but relatively slow compared to the drop) correction upwards, taking a lot of price(but even more time), where we see the volume is declining much faster than the strong upward moves in 2019. We are having a holiday in many countries now, and a Friday is waiting for us. If, and I say IF, this week would close weak, we could close below the green trendline (support for long time, seems to be resistance now), below the 50 Weekly EMA (and 100 Daily EMA) and potentially below the 0.618 Fibonacci retracement level at 2935. Doesn’t that sound bearish? Given this graph? It starts to look like a good moment for correction downwards. Let the SPX reconnect with the economy and society again, rather than being a de-correlated product of speculation. If not now, then soon. And no, it’s not different this time.
OANDA:SPX500USD
by pptw
2
Price versus Volume. A hidden signal?A quick view on the SPX500 future shows something interesting. It is not rock-solid analysis, but just something fishy that caught my eye and I want to share. Discussions are welcome. In the last week, we can see two interesting phenomena: - Big downwards price moves happen with big volume, mostly day time activity(blue) - Big upwards price moves happen with small volume, mostly night time activity(orange) Of course there are examples in this graph where things make sense (green) or where we see downwards momentum with little volume and upwards momentum with higher volume. But still… I find it interesting. It seems market is very willing to push this down, but overnight news/players pushing it, cause it to keep strength. And look at that candle to 2980! No volume at all! It’s fake. Fake news eheh. For me this is another signal how this is a bubble that is about to burst. Do I dare to trade on this now, in size? No. Not without more confirmation. Do I think this should go down? Hell yes.
OANDA:SPX500USD
by pptw
18