SPX500USD - 03-04 DecThere were couple ATH tests and we may see more today.
It looks like the resistance there is strong and won’t be broken, not this week at least.
So my guess is we will see some profit taking through Friday evening thus leading to test support @ 3620’s and, probably, 3590’s as well.
Previous idea below.
Spx500usdshort
$SPX Repost - Finally Hit Entry 3595 (Original Idea Linked)I'm going to point to the original breakdown of the this idea to my related ideas. The continued added comments in the linked idea were just price reading along the way from the time I called this price until now. Now that we've finally entered the trade at 3595, I'll continue the rest on this of the analysis on this idea as it slides down and what I plan to do and distribution of lots. The differences between this idea and the original idea is that I replaced the fib, This ideas fib is that the 100% is now the old 62%. And that I've also added a second, riskier entry at 3602 with a tighter stop loss at 3614. The original Idea has the entry at 3595 which we hit just before close, stop loss at 3630.8. Both have expected sells to 3439.5. However, on this idea, I'll be sharing percentages of lot sizes I'll be shaving off as profit at different parts of the trade on the way down, as well as trying to add more positions or find scalps within this trade. I still think there's a strong possibility that it could reach 3602 and the explanation is in the linked idea. I found a stand alone Breaker in the price action at that point that could prove to be the real fake out price since 3595 seems a bit too obvious and I don't think Smart Money is going to play that game. There's also a possibility it could find itself at 3655 or 3669 in which if I get my S/L hit early in this Trade then that's where I will be looking for price to go next before I plan to make a long term sell.
But then again what do I know, I'm just some dude that likes sharing his Ideas. I could be COMPLETELY WRONG. But that's how we all learn isn't it?
OANDA:SPX500USD
$SPX Fake Out - Has Yet To Reach Full Extension On SellOnce price creates a new low that extends past the 0% fib extension, you would expect it the have a mirror of price reach, not necessarily price action. The original trade set forth was the new high as being the bottom and the beginning of the explosion being the full length of the trade. I has reached that and has barely made any moves under it. It was a very slow day. I personally see a fake out coming. As the price reaches upwards into the breaker, maybe near the 50% of the original fib is when we'll see the down shift and probably toward the full 200%, Asymmetrical, extension. The full extension would also cross equal lows that create a façade of support but into another bullish breaker that it may not push below the next low. Probably land somewhere in the middle maybe? I've taken a look at all time frames and I believe the rise up into the sell will happen rapidly leaving the body of candle below somewhat current conditions to create a strong resistance point. You also have to take into consideration of the CRB index which seems to be turning as well. If the commodities start going lower with a higher dollar value, stocks are likely to decrease with bonds. And that's what I feel like I'm seeing. The banks want your money and they'll take it any way they can. So beware if your thinking "New High!" ... That's not something I'd be comfortable putting my money on. Watch the Asian session closely and see what kind of reaction London session makes. It could be a quick strike in the middle of the night or one that happens at the open of market. But I see a lot of posts with analysis suggesting a new high. And I just don't see it. But those are my thoughts and that's just me. I'm just some dude.
S&P500 - Sell validS&P500- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
SPX500USD Leading Diagonal Triangle / outlook next weekHi all,
From my view SPX has finished a bearish LDT and is now retracing / consolidating. I expect the retracement to stop at 50% which would coincide with the peak from FEB 20.
When this happens, you can expect a very sharp downwards movement to the level marked.
Cheers,
Merakshi
S&P 500 1W-TIMEFRAME ANALYSISS&P 500 1W-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for SPX
the price will test 3130 daily support
My idea shows the possibility of breaking this support
But be relaxed
Real support is between 2970 and 3030 It would be good to test it
From there we will start the bull market
I hope my idea is clear
Support me by like and share
Good luck
Shorting SPX Now - Divergence/Fibs MatchAll analysis according to the 15M Chart
Oversold early and it's losing strength according to the RSI. The pre market resistance turned support level is now at the 618 fib level. It makes sense to short at this moment of the day.
Add a MACD and it the momentum is coming to the 0 level after crosing for updward momentum to downward momentum to 0. Seems like it could all be down momentum now. Not that I always rely on the signals from the MACD but the signal line has been signalling sell for a while. It could be time to take advantage of the signal.
I'm not proposing much of a stop loss because If the idea does not work, the 3302 level could turn from resistance to support. So I'm personally not giving it much wiggle room.
SPX500USD 3097.3 +0.67 SHORT IDEAGood Day Everyone
Here's my idea on the S&P500, still in the descening channel looking for the structure to hold and we see bears coming into play
______________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - DAY TRADE
TARGET - 3000.0
______________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Price versus Volume. A hidden signal?A quick view on the SPX500 future shows something interesting. It is not rock-solid analysis, but just something fishy that caught my eye and I want to share. Discussions are welcome.
In the last week, we can see two interesting phenomena:
- Big downwards price moves happen with big volume, mostly day time activity(blue)
- Big upwards price moves happen with small volume, mostly night time activity(orange)
Of course there are examples in this graph where things make sense (green) or where we see downwards momentum with little volume and upwards momentum with higher volume. But still… I find it interesting.
It seems market is very willing to push this down, but overnight news/players pushing it, cause it to keep strength.
And look at that candle to 2980! No volume at all! It’s fake. Fake news eheh.
For me this is another signal how this is a bubble that is about to burst.
Do I dare to trade on this now, in size? No. Not without more confirmation.
Do I think this should go down? Hell yes.
This week we end bellow the poing of Equilibrium at the Dialy/1HThe ultimate oscilator (By Larry Williams) shows me a slightly bearish hidden divergence at the 1H and we end the week bellow the clossest equilibrium point between 2869 - 2875 (1H + 4H Kumo's). I put an area line to watch the lower lows price more closely with the vertical lines but the clear thing is, the bulls never break the 2869 - 2875 to the upside. Finally the 4H chart shows the price bellow the Kumo so the preferent direction it's to the down side. For the long side, the D chart shows a strong Kumo support but be aware because the rising wedge was broken. The chaos is here.
El último oscilador (de Larry Williams) me muestra una divergencia oculta ligeramente bajista en la 1H y terminamos la semana debajo del punto de equilibrio más cercano entre 2869 - 2875 (1H + 4H Kumo's). Puse una línea de área para observar el precio de los mínimos más bajos más de cerca con las líneas verticales, pero lo claro es que los toros nunca rompen el 2869 - 2875 al alza. Finalmente, el gráfico 4H muestra el precio debajo del Kumo, por lo que la dirección preferida es hacia el lado negativo. Para el lado largo, el gráfico D muestra un fuerte soporte de Kumo, pero tenga en cuenta que la cuña ascendente se rompió. El caos está aquí.
SPX500: Sell the BreakoutHi Traders,
In the coming weeks, SPX500 will be entering an elongated series of corrective structures before we can see next impulse rally. In the interim, I'm expecting price to push lower in an ABC structure. Look to join short positions when price confirms.
Regards
Wave Theorist
SPX500USD UPDATE techncially based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 SPX500USD technicaly based idea, we can see price is bounce from FIBO 0.6 which is in many cases strong supp zone, from here we can expect to see higher bearish market, for better confirmation of bearish trend the best is to wait break of white trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!