Spx500long
A.I. Driven Trading Plans for 20190607 - Medium Freq ModelsNew to Trading View here - trying to experiment how our daily Trading Plans can be published for the community here, in a Pine Editor script. Looking forward to hearing back comments, suggestions, ideas on how best to do this. Thanks!
TradersAI
"Powered by Artificial Intelligence
Driven by Human Wisdom"
SPY SPX Bullish Breakout ConfirmedIts not an ideal set-up, but its still a breakout with multiple levels of support below.
Bottom line, we have a downtrend breakout and some technical confirmation. Again, its not a slam dunk.
But my gut tells me sentiment got overly bearish, so there is fuel for a rally. And we have a whole lot of support levels all the way down to $277 SPY to hold a sell-off - trendline, 100-day moving average, 200-day.
On the upside, clear sailing at least to $287. Probably higher
SPX Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2723.5 (38.2% Fibonacci retracement, horizontal swing low support,61.8% Fibonacci extension) where it could potentially bounce to its resistance at 2809.9(61.8% &161.8%Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
Short SPX 500 Next 2-4 WeeksClear sell-off in process. Looking for previous support levels to be reached.
In the next two weeks I see a pullback for SPXS right after SPX finds a brief bottom and consolidates for a short bit my target buy for SPXS is the 21’s and my Target sell is $25.
$29 SPXS coincides with ~2550 SPX. This is possible by Mid-July. (4 1/2 weeks).
SPX S&P 500 2 Week ForecastTrump wants to win re-election. Trump can’t win if the US economy enters recession.
The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is using the tariffs to tank the stock market now to force the Fed’s hand.
The Fed meets June 19, July 19, and September something. They don’t meet in August. These next two meetings are important.
I believe the SPX will find a temporary bottom right around this first Fed meeting in 2 weeks, for a 3% decline.
If the Fed comes out with a surprise rate cut in June or July this could send the market higher (not much of surprise as probabilities are now at 80% for a rate cut in September but would still be a surprise). If the Fed does nothing I’d expect more selling & finding new support lower.
If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get that low again though...
SPX Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2728.3 (38.2% Fibonacci retracement, horizontal swing low support,61.8% Fibonacci extension) where it could potentially bounce to its resistance at 3012.0(61.8% &161.8%Fibonacci extension).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
SPX - Potential bottom in place - observe 2776Morning traders,
We're witnessing a potential bottom forming.
Key points:
1) We broke the local 2766 resistance, watch for this to become support.
2) the "big" resistance zone will be 2776, this will be the tell
3) Indicators all support potential bottom bounce here
4) BIG money flowing back into semi's - somebody knows something
As always if you find this info useful, please support me by hitting that like and follow button.
SPY ES1! Bearish Charts, but Still maybe just a retest of LowsMost see this is as a clearly bearish chart, and they're right.
But, we're still in the area where IF we reverse here, it would just look like a successful retest of the lows from last week. My gut tells me sentiment is consensus bearish, so I'm not getting bearish yet.
My trade is to still look for longs, probably on the way up (a break above the downtrend at $282 at least). And with technicals confirming.
Everyone looking to short the SP500 as we trade 2800. Not meEveryone and their mother is looking to short the SP500 today. Not me as we just ran the stops under that red line.
I would be looking to take a daytrade once it trades above that blue box. If it stays under it sure we go more down.
On the 1h is already showing signs of a possible retrace back and we got a 1h bullish RSI divergence to keep an eye on. So, in my opinion, watch everyone short the shit out of the sp500 and get stopped out on.
LONG spx Approaching Support, Prepare For A BounceSPX is approaching its support at 2801.6 (23.6% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 2958.4(61.8% Fibonacci extension , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.
spx Approaching Support, Prepare For A Bounce
SPX is approaching its support at 2801.6 (23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4(61.8% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support where a corresponding bounce could occur.