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Spx500sell

Bing Short on SPX in progressIn my previous post on SPX ( link attached below the description ), I explained how we are going to see a rejection on this uptrend soon and we beginning to see that now. In this post I will explain how I am playing this short setup. In the previous post I had a pitchfork. I simplified it with three parallel channels, one larger and two inside it in its upper and lower half so we now have four rising trendlines which will be our point of interest when Price Gets there. In the image below I have highlighted the properties of these trend lines based on past price action within the channel, which you can observe yourself. I have indicated three take profit levels on the main chart. I don't think TP1 would be necessary as I don't expect the trendline to hold based on its past behavior. TP2 and TP3 are my main targets, which is where I will look for signs of a nice bounce back up. If you observe the channel, we have never really resumed a trend back up without creating a double bottom on the one of the lower two trendline in the chart as highlighted in the image below, if that happens, we resume the uptrend to new highs. That's when you take a swing long position on SPX. On the other side if TP3 doesn't hold we are looking at a potential change of trend a macro scale, but I won't give up on the upside just after the break as we could possibly see deviation and bounce back in the channel after testing the support area as highlighted in the main chart. What happens if we lose 4300 level, we go way down, I will leave that detailed analysis for another post.
OANDA:SPX500USDShort
by zakoraio
R.I.P. The S&PAs you can see, History repeats itself. To my technical eye, The S&P is loosing momentum at a price of major resistance AND(+) a Major trend line where price has previously ended its bull rally to return to its overall bear market downtrend. Second possibility attached. I see The S&P returning to the 350's if not much much lower. Its divergent sister, the VIX is showing similar confluence because it is also at a price area of major lows where it has previously reversed overall direction longterm. I see The VIX returning to 34.32.
BLACKBULL:SPX500Short
by CJITM
SPX500 about to fall? Key-Level-Alert!Hey tradomaniacs, SPX500 just pumped up towards a major resistance-area where a lot of bearish confluence is possible. Generally I must say that the recent pump caused by Jerome Powell seems to be SUS as his entire speech was pretty hawkish. I also think he doesnt really want stocks to move up as it would not ease financial conditions and boost inflation. However, technically a good spot to watch! Either for shorts or a break to the upside! What do you think?
FX:SPX500Short
by Trading2ez
5
SPX500 likely to continue sell-offHey tradomaniacs, SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off. So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy. However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing. Good hance to short soon imo! What do yu think?
FX:SPX500Short
by Trading2ez
2
SPX500 with potential Peek-Sell!Hey tradomaniacs, SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout. As always I`m very cautious here due to the current volatility and uncertainy of the market. Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side. A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off. What do you think?
OANDA:SPX500USDShort
by Trading2ez
SPX500 likely to FALL!Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off. However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility! What do you think?
OANDA:SPX500USDShort
by Trading2ez
S&P 500 See, according to the existing page, our external harmonic bat pattern enters the fall from 4632 to 3875 ******* Fibonacci says we may have a 50% return, maybe up to 38 Fibonacci and sometimes 23 Fionachi will go back. ******* We now see 4 strong downward contexts ****** But this 200 pp rise does not mean that stocks are rising ******* With this situation, the news that indicates inflation in the world and traders are going all the way to gold. ******** I hope you are not fooled by HFT institutions in transactions *********** We are the market fuel, so let 4500 be completed and the market trend be determined
OANDA:SPX500USD
by ALIREZATR60
4
SPX500 likely to FALL!Hey tradomaniacs, its been a very slow day due to holidays almost everywher except the USA which could give us atleast one great opportunity now. SPX500 just re-tested the key-resistance-area after the recent breakout and is giving us a nice chance to sell. Market-Depth is currently showing iceberg-orders absorbing stop-runs above the resistance which makes it likely to see a move to the downside very soon. As always I`m very carefully during holidays as liquidity is lower than usual making it harder to predict moves and volatility. What do you think?
FX:SPX500Short
by Trading2ez
1