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Spx500long

S&P to 3900, potential on phase1 trade dealAfter an array of failed emergency monetary tactics such as a $500B a year corporate tax break, 3 rounds of Quantitative Easing and 3 rate cuts, finally after the trade deal was announced, we peaked our head well up above the bottom of channel / sub-channel we had been stuck in for over a year now. This was additional evidence that the drag on stock markets despite all the corporate welfare was largely due to the direct impact of the trade war (and related unpredictable policy) on global economies. Likely it will take a little time to step its way up to top of channel and likely will only happen in the absence of renewed trade tensions. Other than renewed trade tensions, there doesn't seem much in the way to prevent us from seeing the S&P at 3800-3900 in 2020. If we do reach top of this 10 year channel for the S&P bull market, it will be the first time we have seen it in over 4 years now and the actual first evidence of a strong corporate economy under this administration. At this point the only way to outperform the markets from the previous 8 years is if this administrations economic policies are able to see a break upwards out of top of this 10 year channel without further emergency monetary policy boosting it. After mostly riding the bottom of trend for 4 years now, this is only the second time we have seen hope for breaking out of the sluggish bottom of channel, we just need to maintain the path of restoring global trade and I think we will see top of channel. There is a lot of potential here. This is not trade advice, DYOR, Author is holding S&P ETF options long. s
SP:SPXLong
by EncryptShawn
1
Potential S&P 500 ScenarioIt's been a while since I shared anything like this... most of the last few things were experimental historical models... This is all based in Fibonacci, both price and time... this would have us peaking at about 3450 around late September 2020... Though I don't have the count posted with it, it is based in Elliott Wave as well... The EW concept here is an extended wave 1, with 3 being 0.786 of 1 and 5 being 0.786 of 3 - which leads to waves 3+5 equaling wave 1 (typical when 1 is extended)... Just thought I'd share what I was looking at
SP:SPXLong
by J-Streak
SPX500: Further Upside Expected - RSI Shows Strong Bull MomentumHi Traders, I was initially expecting price to form an ending diagonal, thereby slowing down the bull trend for downside. However the ending diagonal is now invalid because price has slightly broken out of the structure in the past week. What's more is that we have no divergence on the RSI, and this indicates further upside. Therefore, we can keep buying the pullbacks until price shows signs of slowing down. Regards, Wave Theorist
TVC:SPXLong
by UnknownUnicorn5158708
SPX pulled back, is it going to hit all time highs now? 3245!The SPX was due for a pullback, we had anticipated the move lower before a pop would be more extended than it was and it was driven on trade news. We did, however, curl back into the wedge that was broken and use it as support before slightly rallying throughout the past few sessions. It did not seem like the downside was over after Monday, considering we saw an 80 point drop in just 2 days, which was about 2.7% from all time high. In our previous idea we mentioned that the SPX would have a really hard time moving up without pulling back just a bit. We got our pullback but we did not expect the price to rebound so fiercely off that support structure. Now the question is what is the move to the upside? How far can we see the price on this rally? Last time we said that we would probably come into an all-time high a new one that is, somewhere above 3175. A measured move is 3245 based on the Fib extension. IF the trade talks continue to deteriorate then we could see more downside in the SPX bringing price down to 3025. Disclaimer: This idea is for educational purposes only, this does not constitute as investment or trading advice. TRADEPRO Academy is not responsible for market activity.
TVC:SPXLong
by TRADEPROAcademy
TLT weakness & bond weakness, TLT down to $132TLT is a 20+ year bond ETF that made strong highs throughout the rate-cutting cycle and rightfully so. The inversion of bonds vs the equity market has caused bond yields to drop and because of that since the price of bonds is directly inversely correlated to their yields, prices in TLT and other bonds have been increasing. The low rates have come to a halt as the rate-cutting cycle has stopped, or so we think it has. TLT has since then entered a downtrend in a channel and looks to be continuing in that respect. Bond yields are so low, that the convergence with the SPX is imminent, we've seen a slow increase in yields which will further push the price of TLT down. Another factor is that the equity market is continuously showing strength and looks to be on the rise for the next few months based on FED policy to pump more money into the economy. The volume on TLTto the upside has decreased as well and every swing lower is accompanied by strong volume. Disclaimer: This idea is for educational purposes only, this does not constitute investment advice. TRADEPRO Academy is not liable for any market activity based on this idea.
NASDAQ:TLTShort
by TRADEPROAcademy
Where to get in on SPY? 302-305 longs? Investors and traders alike are looking at this thing and getting frustrated if they haven't been able to catch any of this long and no one wants to buy the top with the hopes that the upside will continue. So what is a good entry location for continued longs on the SPY? A preferred retrace is the convergence of multiple things. 1. A retrace that is no more than 5% because that would open downside floodgates, we're looking for something around the 3.50% retrace area. 2. Respects the market structure, the bull trend will continue if the retrace creates a higher low, which would be at the wedge break ($305) 3. It respects the support/resistance level we have mapped out based on the volume profile edge, which happens to be a previous all-time high ($302) 4. Volume on the move lower into the support is weak. While volume on the pop above gets strong. 5. The 50% retrace from the start of the move higher to the current high is right at around $303, so the buy zone is calculated to be around $302-305. This will only hold true if your personal risk management and analysis conditions are met. Disclaimer: This post is strictly for educational purposes, this does not constitute as trading advice or investment advice, TRADEPRO Academy is not responsible for anyone's market activity.
AMEX:SPYLong
by TRADEPROAcademy
1
Bear flagNice little bear flag or pennant printing on the hourly up to the daily. Volume is DED dead, people are fading gap ups in the morning, and the news flow is slowly starting to roll over, or algos are running out of cash. But, crazier shit has happened. Technically i would expect this to break down in the southern direction to the major multi year "megaphone" top trend line around $306, but we'll see. If we bust that, expect a test of the $302-303 area, but i see that as doubtful unless we have a huge negative catalyst.
AMEX:SPYShort
by merkd1904