SPX500 LONG IDEA!! NO BULLSHITSPX is flying, that's all i gotta say lol...literally enter the trade and hold till the next resistance, you can swing it as well to the GREEN ZONE.
Spx500long
New high's to be expected on SPXIn my last post I stated I saw upside till at least 2900 levels. Now we are there, I can continue makingnew assumptions.
Since we are in a clear bull trend this month, RSI is still not overbought and the market has shown very little sign of weakness, I am bullish.
We went from my previous post's level of 2760 to 2900, and I expect we will make new highs soon since we broke previous high and are now at a new local high of 2915.
If market is in doubt, we will hover around 2900. When weak, we could retrace to some levels indicated in the chart. With my bullish sentiment, I think we will move up after retracement to the 200 MA/EMA levels of around 2950-3000. Of course, we will find resistance here, but at the moment I do not see why we could not reach the high's of early March around 3100.
Very likely to see retracement here and there, but 3 bullish bars in a row, combined with a new high, and still room till moving averages and previous high's, I think this will ramble on.
If FED comes with very positive news or statements today, I think we will not hover too long and start heading towards 3000 in the next days.
New information might change my view, but at the moment definitely bullish with possible paths drawn. Note that I do not specifically expect every retracement line to head to the higher level indicated. It's just some levels of low's and some levels of high's.
SPX500USD TARGET TO 3000 ! NICE LONG TRADEHello !
If you agree with me hit like and follow me thank very much.
I'm waiting for this moments long time. Price 2 months resistance was broken. Price will check horizontal resistance. I think it will break and keeping up to next resistance zone /target again 3000/.
- Bullish candlestick
- 1D Resistance was broken/ 4H resistance was broken/
- Rsi up
Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk.
S&P 500 Index (1H) / Bullish Elliott Wave Count (2)In this scenario, we are working on the 5th subwave of this impulse off the lows (within macro Flat 4 count). We've broken the base channel to the downside. If this is an impulse in progress, it is weak and W3<W1 so we may breach the 0.65 fib retracement and come back down fill the gap left by the island reversal.
S&P 500 index NEW PARADIGM Shiny, gorgeous stonks looks like they move you straight into heaven.Looks like very bullish. But my feeling about the market is bearish of course. May be this time is different, maybe my bearish broken bias are lying to me. I made this thoughts before, when last bear are completely change his bias to bullish price immediately stop rising and start to reverse
3050-3130 are good levels for sell
S&P 500 Index (2H) / Bullish Elliott Wave Count2 flats in a row but we broke the base channel to the downside and the slopes are awful. Where is the 3 of the 3? Coming with the Fed/FOMC or a coronavirus vaccine?
S&P 500 Index (2H) / Bearish Elliottwave CountThe poor slopes and the break of the base channel makes this count a strong candidate. We need confirmation though. Will the Fed/FOMC trigger the C of the flat X?
SPX500 scenarioOur view on #SPX500:
Price reacted very well on the last Fibo Zone in 2900 Area.
The next one is around 3000 and we're sure the price is going to reach that zone and bouncing downside to 2900 Area.
This is a possible short trade.
We only have to wait for a confirmation for a long trade to area 2900.
It seems a Wave pattern is consolidating. We only need to know where the point 4 will be.
Which channel will be confirmed? Time Analysis suggests us we will discover it on Monday!
#s&p500 Analysis for the 4h My expectation for s&p500 if the price break 2834.5 will up to 2956 also if respect the 2834 level maybe back to 2725
#SPX500 expectation for the next week i expect for the #SPX500 will up to the red line level if the candle break it than will go up
Is the S&P 500 Finally Going To Dump?There are few little issues in here such as the EW structures of pink submicro 1 of A of Y and especially pink sub-micro 2 which looks like a little impulse. These issues can be observed at a low TF. Geometry is super clean here: slopes are great (Y<W), subminuette X ended right at the ML of the channel, retest of the channel from below, ML of PF untouched and now far away... Dumping today would drastically increase confidence in this count.
9-day EMA in the Put/Call ratio is in no man's land9-day EMA in the Put/Call ratio is in no man's land
Standard &Poor's Index might fall more!Welcome to this update.
The gaps are there and they always get filled.
IMO Within the next two weeks we can see this move happening.
Also to keep in mind the bearish pattern we just broke down from: RISING WEDGE.
TARGETS: Support Levels:
1) $2580.80
2) $2335.70
SL will be the purple line as shown in the chart: $2881.4.
Stay tuned for more updates.
#Peace
Economic Barometer in Full Alert But SPX Doesn't Care?1:1 Fib extension has been hit to the tick (A=C) but prices seem to want to reach the 0.618 retracement (GZ). Oil prices - which act as an economic barometer - are screaming for bear market but will SPX and NDX listen?
SPX: A Technical Approach to the Stock Market 1H (Apr. 20)X FORCE GLOBAL ANALYSIS:
In this analysis, we take a purely technical approach to the S&P 500 Index.
Bullish Evidence
- We see a bullish divergence, with higher lows on the price, and lower lows on the indicator
- The Relative Strength Index (RSI) shows lower lows, as well the Moving Average Convergence Divergence (MACD)
- We are also creating higher lows and higher highs in an ascending trend line, having broken through a lot of strong resistances
- The RSI is looking for another breakout through the descending trend line resistance
Bearish Evidence
- However, we also spot a bearish divergence, in which the price forms higher highs, and the indicators show lower lows
- The RSI is trading within a downtrend, showing signs of weakening strength, forming lower highs and lower lows
- The RSI is at overbought levels
- The MACD also shows greater bearish histograms and a downtrend in the moving averages, showing a lack of momentum
- On the bigger picture, we are trading within a bearish ascending wedge
Market Sentiment:
We are still at the 'fear' zone in the fear greed index, but as the stock market showed a strong bounce, bullish sentiment begins to kick into the market again.
What We Believe
Based on purely the technicals demonstrated in the chart above, it seems as though the probabilities for a bearish case are higher. However, given that we take into consideration the amount of money the US government and Fed is looking to pour into the financial market, as well as the improving situation of the Corona Virus (Covid-19) in the states, the bullish scenario's probabilities aren't comparably too low either.
Trade Safe.
SPX Too good to be trueIt seems too good to be true! a bullish megaphone has emerged amidst all this chaos. This is where TA and fundamentals clash. Or do they?
As you can see the Fibonacci spiral provides sufficient resistance for a large drop. With the price gapping over the spiral!
I believe this to be one of the biggest bull traps i've seen.
I highly DOUBT we will see a follow through of this bullphone and a collapse is next.
Top Could be in Place in the S&P 500Top could be in here at the 1:1 extension confluent with the ML of the channel and the 2-year key horizontal level (around 2875). Notice that the C of the Y would be short here, like the C of the W. We are just below the GZ. We are drifting away from the ML of the PF. Nice 4H bearish divergence. Lets see what happens before the close.
S&P 500 INDEX (SPX) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Don't Ignore This Clean Bullish Alternate in SPX FuturesBelieve it or not, this is the cleanest count in the S&P 500 futures. The second W2 didn't even reach the 0.236 which is quite doubtful, especially below such a potentially strong resistance. Are we hyper bullish? I don't think so but this market is capable of anything and may want to pump at each pretext (covid19 vaccine rumour like last night, tweet, etc.). Of course, these must not impact our technical approach.
One Final Push in the SPX?The Elliott wave micro count is getting very tricky and not ideal. Within the suggested upward corrective structure here, we can see a clean impulse coming off the low, followed by a flat. The third move is composed of 7 subwaves where we should expect 9 to complete this pink submicro ABC up.
SPX "Lazy Elliott Forecast"- Wave 2 bounced off near 50.0 - 61.8% of the "Lazy Fib" Levels.
- "Lazy" Wave 3 projected at around EMA 200
S&P 500 INDEX (SPX) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
