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
Spx500long
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!
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.
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
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.
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.
Every MAJOR Market Cycle! (SPX)Symbol: SPX
Open your eyes this could just be the beginning of a new disaster.
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SPX Why the bears could have been wrongSince my last SPX idea, the market has made a few moves that leads me to think bears may have been too bearish on the market. let me explain..
I think the market was always one step ahead and we completed wave A on the ABC reversal and we are already in B wave (where I stated COVID PEAK and optimism will lead the market higher). The move yesterday and today should confirm the B wave of the ABC and that the market is still headed down to around 1500 for the SPX.
Or are we?
Bulls argue that we are in a wave 4 of 5 of a longer bull market and that not only has the bear market ended but that we will now set a new all time high soon due to the feds unlimited QE. How could this be with all the disruption to the market and world economy? Well its hard to fight the fed but its also hard to not see how COVID has damaged the world economy. But then the world leaders are printing vast amount of money to stimulate the economy.
On a Technical bases, I will make an argument for both cases:
For the Bear Case - We are in an ABC reversal in which we are now in the B wave up which is the optimism that we are now turning the corner on COVID. I expect the rally to continue to day based on the futures which should lead to the bull trap zone.
The first resistance is the R1 which is around 2730. If the market break this then we are in what could be a bull trap since that is the former support. once the market is in the bull trap zone, the next resistance will be 2800 which is the .5 re-tracement of the whole A wave. If the bears fail to stop the bulls then the final resistance is the .618 (R3). With that broken, we could very well be in Bull market.
In my opinion looking at the weekly MACD, it does not look as though we could easily turn the tide but this is where the feds unlimited QE comes in with the bull case
For the Bull Case - This market "crash" has been all just a big misunderstanding which is being rectified by the feds action and Unlimeted QE. The crash was to sudden to be a long term bear market and it instead was a quick correction/wave 4 of a larger bull market to all time highs.
The trap set by the bears right above 2730 and below 2900 will turn into bear trap (since bears will anticipate a strong resistance and will short) before it breaks the daily 200EMA. After all Covid cases are peaking and the economy will be open soon and even if it doesn't we have the fed with unlimited PE.