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Spxanalysis

SPX Possible Route to Double BottomFriday's rally was strong, and although NFP euphoria fades, the Powell 'patient' remark and the resumption of China talks are very positive. An A-B-C rally takes us to the .618 retrace from the last high, which is close to the .5 retrace seen in the 20% drop in 1998, for example, and in 2016, before the inevitable double bottom some time in Q1. After that, it's anyone's guess. 2628-2644 is the confluence of the .618 from the last drop, the .5 from the ATH, the 29/30 Oct and 20/22 Nov closing lows, and and A-B-C extension from the bottom, given the New Year opening pullback. The parallel channel helps as well. Buy a little below here for 2628, then sell for 2347.
SP:SPXLong
by adatherton
4
SPX analysis? 3 things important things to keep in mindThe Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart: (1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best describes the sideways action after price closed below the trendline is a symmetrical triangle that is tentative. Implications of the triangle include a stalemate between bulls and bears, as well as continuation of the current trend (bearish) upon price breaking out of the triangle. (2) ~2606.08 and 2540.33 is marks the region of underlying support for the SPX. Price closing below 2540.33 especially indicates more selling/bearish action. (3) A bearish channel (tentative) is also drawn on the Daily timeframe that should be taken into consideration should price action continue to resolve downwards.
SP:SPX
by Coin_Analyst
SPX500 approaching resistance, potential drop! SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:SPX500USDShort
by Tickmill
S&P500 where are we going?There is lot of predictions and discussions about S&P500, and which direction will go. H4 chart shows book example of Hammer Candle. Last green candle does not have enough momentum to move price higher. Then if you open long position you are in danger with you profit. Need to wait for strong momentum action. Let’s wait and see what will happen in the next couple days. Look on divergence – they always keep us on the right direction. Keep in mind that divergences are not indication of trend reversal. If momentum will start rising, then should reach first target T1. Pay attention to the red circle on JP Spectrum and blue TL. cheers, Jim
OANDA:SPX500USD
by jimmycdn
[Where Are They Now] S&P 500, Time to GTFO?Where is the S&P500 since my last chart back in mid Aug, link: - Weekly T.D. Sequentials landed a top at an Aggressive13. Commonly a Green9 signals that a price reversal is approaching next. However, around this time the restructuring of NAFTA with Mexico was announced to be completed/ almost completed which drove the market confidence further than expected. This is one case, where news does have the ability to drive price further past its actual turning time temporary. - Currently the S&P500 on the weekly timeframe is trading on a Red2 candle below the Red1. This, to anyone using T.D. Sequentials, is one of the most assuring indications that it is time to enter a short position, especially considering this is a much larger timeframe as opposed to the daily. - One thing to observe here is that while a Kijnu rejection led to a continued price up movement in May, once it broke above Kijun resistance the distance between the price and Kumo cloud support is noticeably smaller now than before. This is an increasing bearish signal. Furthermore, I strongly dislike the upper wick we currently have created this week, it had a strong rejection landing it right back under the Kijun resistance. - C.M.F. volume I commented on last time, not much has changed since. Company buy backs of their stock only holds the price up so long. If higher C.M.F. buy volume does not show up soon, it could be a sign of something worse coming. - Weekly MACD observed a bearish crossover as well, similar to the last scare we had earlier in the year. What is different now? This one was noticeably more aggressive (illustrated in chart). I am aware that when it come to News that drive market price up or down, it is purely subjective as to what News specifically was responsible for the price run. It is of my believe that the NAFTA restructuring news was responsible for the exaggerated price movement past the Green9 landing it into an Aggressive13. Those unfamiliar with what an Aggressive 13 is, it is a very strong indication that a harsher than normal (normal being a Green9) price reversal is approaching very soon. My published chart on the S&P500 2 months ago suggested that midterms themselves would be one strong contributing factor responsible for a correction in the US markets due to political uncertainty. Hypothetically, moving political bias aside, should it occur that the election of a party whether new or current to be in power with regards to the House and Senate creates additional changes in price movement. That would indicate some level of proof, at least for me personally, that politics was one of the factors possibly involved here. That said everyone has a different narrative regarding markets, I am also well aware that it could be a number of many other factors that are responsible for the current situation as well, and that politics may have played no role in this but merely a result of coincidence in timing. It is important to note that I am not claiming that the market is crashing at the moment as it was at the start of the 08' crash. I am of the belief that a price drop below 2130 (utilizing methods not outlined in this publication) would be the sign of a Market Crash quickly approaching, so we have quite a ways to go. I am advocating, should next week's candle be trading below the current close, thus making it a Red3- that it is time now to start paying attention to the market very closely. Other methods also not included in this publication strongly indicate that prices in the market have been strongly overvalued for a while now, specifically within the Tech sector.
SP:SPXShort
by FG_Obelisk
A breakthrough discovery was foundThis is unusual for us to analyse the S&P500 since our expertise is in the crypto space, but since the last S&P500 minor crash interfere with our bitcoin prediction, and ruined nearly two months of perfect accuracy( imgur.com ) we had to come and check how serious this really is. A another chart will be released soon of today's in the comments 16% explanation - thedowtheory.com It looks like there are too many similarities between 2008 major financial crash and now, this is probably not a coincidence, and if we are correct there will be another one in 4-8 months from now. Everything that has a check sign next to it has already happened, next we should see a 4-5% recovery before another collapse into the 16% area we have shown, in that area we should have between 4-8 months until it breaks and result in an estimate 45-60% crash. We also expect this to bring Bitcoin into a new highs, as the ETF is closer then ever to being approved, and it should happen within the next 4 months, it will be just in time before the stock markets collapsed, and investors are seeking to hedge against it on Gold & Bitcoin. We will always be here to welcome you if you decide to join the crypto space, our website is www.whaletank.trade We are giving market predictions, Daily signals, and many masterpiece features on our website.
SP:SPXShort
by deletedaccccccount
1
SPX Market Top? The Immediate Future Looks BadLet's look at a few things here - First: Based on the last down swing we have reached the 1.272 extension which, based off the patterns taught by Larry Pesavento, is a key extension for trend reversal (the other, 1.618 I have on the chart as well, as that'd be the next target if this one fails). Second: Volume is telling us a similar story, I added my relative volume oscillator to show how volume has been below average on upswings, then above average on sell offs. These moves haven't had any confirmation volume on the way up which looks bearish for the future (looks worse on weekly and monthly charts). Third: Major RSI divergence - which is my go to for catching trend reversals. This too gets worse on the weekly and monthly charts. Fourth: the immediate pattern is an ascending broadening wedge - more bearish immediate implications. I don't think there's a question regarding IF we go down here - just how far? I am extremely bearish long term so I think you know my answer. I'd also like you to take a look at this post from @Ajion showing that the current pattern has major resemblances to the market top in 2000 during the dot com bubble, a link to his post is beneath this.
SP:SPXShort
by J-Streak
Future Target Extensions on SPX using Wicks and ClosesJust posting this so I can refer back to it later. These are the extension targets for SPX based on the future price target projections pulled from the January 26th peak. The index broke out the descending triangle so at the point of the breakout I have the High to Low measurement in yellow, and the High Close to Low Close measurement in bright blue (with the extensions in matching colors). *Note - Failed pattern breakouts tend to deflect at these extension levels, so just because the measured target is high, doesn't necessarily mean that the price will reach this level.
SP:SPX
by J-Streak
S&P 500’s (SPX) Elliott wave analysis: 4 hr tf analysisPrice action for the S&P 500 from January 29, 2018 till present date has been captured in this analysis using a contracting triangle Elliott wave structure. The implication of this structure for the S&P 500 is that price should resume its bullish trend once a breakout occurs out of the triangle. Breakout point as used in this analysis is ~ $2718.51 The post thrust measurement (target area) for the bullish interpretation can be calculated by measuring the width of the triangle and projecting it on top of the breakout point. The width in this case is 2863.99 – 2533.29 = 330.70 A vertical projection of the width above the breakout point means that the S&P 500 should target ~ $3,049.21 (330.70 + 2718.51 = $3,049.21). The point of invalidation (POI) of this analysis is a price close below ~ 2542.92 at which point the wave E would have overlapped wave C, which is unacceptable for a contracting triangle.
SP:SPXLong
by Coin_Analyst
SPX - Half Way ThereThis is a re-post of a chart from one month ago after the dow dropped 700 points in one day. My extrapolation from that post compared this to 1987, in which there was a 2 year run up, and then a quick crash which erased 1 years worth of gains. While this 2018 crash appears to be slower in time than 1987's two month crash period, the charts nonetheless look the same to me. If we extrapolate, then SPX's current price has only reached half way to where it will eventually bottom out, which should be around 2380.
SP:SPXShort
by Trader9898
SPX - Tonight We're Going To Party Like It's 1987?Looking at the monthly logarithmic chart of the S&P 500, this chart reflects what would happen if we had a repeat of 1987. Heading up to October 1987, there was a straight line run up of approximately 2 years, then a crash to the 0.5 Fib line quickly in 2 months, where the crash erased the gains of the prior 12 months. If we extrapolate the same scenario for the S&P 500 for 2018, there was also a straight line run up for approximately 2 years, and if the S&P 500 retraces to its 0.5 Fib line, it would hit 2380 in approximately 2 months, which would also erase roughly 12 months worth of gains from Feb 2017 to Feb 2018.
SP:SPXShort
by Trader9898