Spx500sell
US SPX500 - Jaws of DeathJaws of Death pattern playing out on the US markets. Liquidity pumped into the system has driven the index on a fa-nominal move to all time highs. Now with a sell pivot now in place on the weekly chart and a trade war raging, the short plays first target is to the point of Control at 1806. The secondary target will be somewhere between 1237 & 950 level, which is back where price was that end 2008 GFC end.
SPX Sideways Move Absolutely PossibleI'm not saying its going to happen, but many fundies point to indecision. There's little motivating force behind breaking through previous all-time highs. Trade war resolution? Probably not since after US-China, Trump may take on the EU and Japan with auto tariffs. If that goes down, he could easily tip us into recession. At the end of the day, speculative appetite is based on growth which is in generally slowing. Yield curve inversion reminds us we are close to the end. Could be a year out, could be a month out, but either way its coming. You can't time the market and you probably won't sell at the perfect time. Most investors know this and probably don't want to go deep into US equities or world equities for that matter if they know within a year or so they'll be able to buy everything much cheaper. Credit loan swaps remind us of the derivative perils of 2008 with much corporate debt grouped together creating uncertainty over the quality of specific loans. In short, theres many more reasons to e a bear than a bull. Because of this, I could understand a move sideways for several months and then a significant correction and possible recession. For more, check out www.anthonylaurence.wordpress.com
SPX500 Diverging - Possible BIG SHORTSPX500 have been trading within a compressing bullish channel and almost reached the top of this channel. So far on the higher time frames Price is showing divergence signs, volume getting squeezed along with momentum weakness.
Pretty good evidence here so I am looking to short this market once it tests the top. Keep watching this market yourself as well.
Trade Safe!
Good Luck.
S&P 500 dead cat bounce and collision to 2400 points and lowerWhen talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015 and on Janury/February 2016 being worth 1867 points.
That was mathematically justified peak of S&P price index.
Instead, we had " push" to 2.700 points.
Presumably because Bezos bought Washington post 2013 while calling for buy of his shares.
In practical terms after posting on twitter 15.th of November TA about S&P and NDAQ collision, people were in denial.
However, index value fell from 2723 points bellow 2400 points making 11,5% fall X 24 trillion USD=2676 billion USD loss achieved on SPX from 15.th of November to end of December.
Value of previous drop on SPX surpasses GDP of Germany, France, Italy or Russia.
Now, we have pretty much same situation.
After " dead cat bounce" i am expecting confirmation of 2400 level, therefore i would short it from this position with very narrow s/l placed.
S&P 500 peaked by any parameter.
Stochastic RSI turning against (peaked already) whether daily/weekly basis.
MACD implies for weekly bullish crossover which might cause some kind of pump (therefore S/L is placed very near to 2720 index value).
Having on mind that even current S&P500 index value is actually gifted price for uneducated, i would recommend every shareholder to clear his position in order to avoid buying on " right shoulder"
SPX will continue to make lower highs (probably this one which will retrace back to 2400) points making 2500 billion US dollar loss and right after new lower high and further collision which could actually trigger massive selloff and price dumping whether we are talking about SPX, NDAQ or DJI.
S&P500 index has no healthy grounds for this index value and further fall is imminent all the way down to 1867 points which is 33% additional fall in Index points.
Money which is used for pumping index over " mathematically justified price peak=1867" points could now cause yo yo effect and cause massive reversal and selloff.
As long banks or big holders are willing to pump price, it will be so, but, as time passes, it becomes more and more expensive to maintain artificial price as this one.
Gold and silver are the only safe storage of value.
Everything else will collide.
Good luck to everyone.
SPX500 approaching support, potential bounce! SPX500 is approaching our first support at 2600 (100% Fibonacci extension, Horizontal swing low support, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 2808 (61.8% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
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SPX500 Sell setting upSPX500 trading in a multi-days bullish channel with tops and lows. Price action is compressing near the resistance area. Chances are it continues compression a little further. Momentum is getting weaker as well so I am looking for a strong break. If you have your trading strategy watch out this market for shorts.
Trade Safe!
SPX500 Big ShortSPX500 have reached to its prior highs and a successful attempt to break highs have just been made, but i am wary of the market to reverse from here since momentum indicators supporting my view. I am looking to short this market, if you have your trading strategy, better go for short setups.
Trade Safe!
S&P500 ready to DROPS&P500 fell sharply earlier this year, still this market is under correction until it breaks the top. But for now price action is stalling around the top of the multi-days channel, i am expecting a drop to at least test the $2,674 area. Look for sell setups if you have your trading strategy.
Happy Trading.
S&P500 possible turning bearishMy previous call on S&P500 longs around 2692 almost have met the target of 2800, not yet hit that level but almost reached it. We may see it may test that and roll all the way back. For now- it seems like it is likely to complete the correction and i am expecting a big move to be setting up to test the lows over the coming weeks or so. So i should be looking for sell setups here.
Check out my twitter for my trade results and updates.
Happy Trading.
SP500 : THE BIG SHORTHi traders!
For the past months, I kept getting notifications about the DOW and SP500 making 12 months high always weekly. I always keep an eye on what is happening on this side of the market even though I only focus on trading forex pairs and commodities.
I only like to observe the SP on the largest of timeframes.. MONTHLY. It gives me perspective and an overall idea of where the market is standing at any giving point. It's also important to see for the technical side of things how the market reacted when the previous 2 market crashes happened.
I truly think that its almost impossible from just looking at the chart of the SP to manage THE BIG SHORT. There is too much things happening outside of technical analysis to bring out the true colours of what might happen next. All major movements will be triggered by something fundamental... something that will have enough power to shut down everything in the market. When those movements happen, thats when things get very technical. You could draw some nice patterns and use some FIBs to get a clear idea of where the price will go.
I always like to go over time scales to understand how much time passed during each crash and the recovery times. I noticed that as of today, we are almost exactly are at the amount of days of both crashes (DOT COM + HOUSING) without having a national crisis of some sort. Then I thought to myself what is the current bubble right now? How are things standing in the world right now?
Possible Bubble? Crypto currencies
New USA President.. TRUMP!
Debts? Larger than it ever was
War? North Korea
Just to name a few..
I'm just thinking that if a crash could happen, we might be near it right now. I don't have all the info to crunch some real data and compare some economic projections but some things just seem like they are already set in motion for it to happen.
As far as the most general of all indicators,
MACD is sitting very high (as high as those 2 last crisis)
RSI finally managed to make it above 70 (which is NOT a good thing atm)
The blue zone I highlited on top of the chart might be the last straw for the SP500..
TO BE CONTINUED
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
SP500 Sell The SpikesTake note that the daily and monthly time frames show similar ranges as this weekly time frame
For a while on the SP500 0.13% on the weekly time has been close to the upper range of the big range. Inside this range we can now also draw a smaller range thats is narrowing. The Stoch indicator is also making a nice bearish crosser after last weeks close. The ADX isnt that convincing yet so thats why I dont start selling straight away but rather sell the spikes. A spike above 2440-2445 is a beautiful entry for a short.
A target for our sell positions will be difficult, this weekly time frame is more long term and it shows targets that are all under 2400. So if youre able to sit it out for 3-4 weeks you can try and see if it goes that far down.
For more short term targets I have taken a peak at the daily time frame. The daily shows 2422 > 2404 > 2363 as short term targets.
A stoploss at 2458 or 2466 would be nice
waiting for the bell...US equities are starting to look well and truly overcooked, if we don't see a rate hike today (very unlikely) then July will come. Eyes on the rhetoric around the balance sheet today will be the key to pandoras box, in my books we are set for a mid term change of trend in US equities
... expecting a clean sweep for the 2417 handle with a tick below unlocking the air underneath
In the related ideas are the 3 parts to Brexit , explore those when you have time as they will start to build a picture for how we are aligning for a massacre in equity markets, UK equities wont give till US and Europe also begin too!