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Spx500sell

[SPX 1W Trend Analysis] Oh Boy... This Looks Much Worse Was inspired by @cryptocarlsontrading who made a very compelling 1W short case here: www.tradingview.com Wanted to build on that with my own 1W breakdown. As a swing trader sometimes I get caught too much in my 4h world and it can be very instructive to zoom out and see the bigger picture. After doing this exercise, I'm even more convinced of the coming June crash. Just look at those parallel trend channels compared to the support. We're definitely retesting 1W green support in June with some risk of breaking and holding under that for a few days (although given the consistency here I think there is more chance for a bounce off of it). Points: 1. That MACD is horrifying. Most likely the histogram and MACD line won't even go high enough to retest channel resistance before shooting back down. 2. The price barely crossed the half way point of the current trend channel, expect it to fall back and stick at channel support a bit, won't retest channel resistance. Volume Profile will support it pretty well. 3. Very slippery Volume Profile slope once it holds below current channel, expect it to slide all the way down to bottom support of new channel (4th yellow line) 4. Once it breaks that expect it to test the green support before rebounding for good and growth can continue at a more normalized, properly priced trajectory. 5. RSI: New up channel is steeper than previous up channel, likely will stick to blue down channel here. 6. OBV: Seems like a decent sell signal trigger here once it breaks below trendline. 7. VPT as RSI: Very strong sell signal. 8. POC is below price, it is right at the price on the 4h, this is bearish as well.
SP:SPXShort
by ProfitHarvest
SPX500, what's next?What's next on #SPX500? First of all: to be honest, before today we were pretty much sure it would reach 3000 Area. Now, something is changed, obviously. As the bullish trendline was broken on 2900 we turned our trades on a short view and we made a very good profit, as you can see on our free Telegram Channel but once broken the important level in 2830, we cannot think about long trades. So we wait for the same level is retested again to open another short position until 2777 area. If broken as well, we wait for it to reach the previous point 4 of Elliot Wave visible on the daily timeframe. Target 2730.
OANDA:SPX500USDShort
by kitchen_trading
Critical Move For The Markets. (SPX)We are watching this compression point currently under this horizontal Resistance level. Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line. We hold that as bearish movement. Would like to see it crack and have a nice Retracement. 50% short. Playing roughly 3% stop-loss, we will stay on top of it and see how she wants to move. Have an awesome trading week! Cheers. ✌😁✌
TVC:SPX
by UnknownUnicorn2319099
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