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Why you should be worried if you hold stocks. S&P Big PictureThe S&P has had a bull run in 2023 but it has stalled at 4600. What is even more worrying for the bull is that: 1) There is a huge Weekly double top with divergence on S&P 2) There is a pattern to sell 3) The neckline was broken and the market closed below it Overall the market is going to be bearish for the coming months. We will continue to sell all indexes and stocks and will post a daily analysis of what we are seeing. Follow us for more updates!
SP:SPXShort
by JD_TeenTrader
Bing short on SPX.SPX along with other markets have been in a massive uptrend from past several weeks. But we are about to see a potential change in trend. On the chart you can see I have a pitchfork from the bottom, which has helped me a lot during this entire up trend, its levels have been respected very well. But now we are about to hit the top of the pitchfork very soon, this calls for either a good rejection or a change of trend. Along with the pitchfork we have a weekly harmonic pattern and SPX is hitting its prz. I have indicated the entry and Stop loss. What I am watching is a weekly close either below the white line which will make a bearish engulfing week for SPX or even better a weekly close below the yellow line which result in change of trend. Along with the pitchfork and the harmonic we also been in a trend of a green week followed by a red week from past 5 weeks, and I am expecting next week to be a red week.
OANDA:SPX500USDShort
by zakoraio
2
You know(!!) you are in a bubble ...... When: The funding a 36-year stream of expected inflation-adjusted spending requires over 38 years of money up-front; Every single decile of S&P 500 components is at record valuation extremes; www.hussmanfunds.com The amount of leverage in the system (U.S. equity markets) is now easily the highest in history, by any measure, not just in absolute terms! (relative to GDP, etc. Margin Debt/GDP = Margin Debt/Market Cap x Market Cap/GDP Showing insane over-valuation across the board!); In a world where speculators now value the stock of bitcoin at one-fifth the value of the entire U.S. monetary base; The current SPAC mania is identical to the South Sea Bubble in as much as: "Let them see not what they do!"; In an economy with $11 trillion in corporate debt at $58 trillion in equity market capitalization; When U.S. Market Capitalization exceeds 263% of U.S. GDP (the norm, not the low, being 78%); Anyway, this is likely a Double Top here.
CME_MINI:ES1!Short
by Nemo_Confidat
17
US Market Technicals Ahead (25 Jan – 29 Jan 2021)As we enter into the last market week of January, investors will have lots to focus on in the week ahead with a series of major U.S. companies including Apple ($AAPL), Microsoft ($MSFT), Facebook ($FB), and Tesla ($TSLA) all reporting earnings. The Federal Reserve is to meet, and markets will get their first look at fresh GDP growth figures in the final quarter of pandemic ravaged 2020. Elsewhere, the IMF is set to release its World Economic Outlook and growth figures from Germany, Mexico and Hong Kong will also be in the spotlight. Here’s what you need to know to start your week. S&P500 (US Market) The benchmark index ($SPX) recovered from the earlier week of losses, posting a weekly gain of +2.23%. The rebound have reaffirm the significance of 20DMA supporting the rally since 4th November 2020. The significance of 20DMA towards $SPX daily current price action is also observed in the various rebound highlighted in the chart (arrow), particularly thrice in December 2020 and once in January 2021. As $SPX continues to creep up with a higher high at every bi-weekly swing, it is observed that volume is diminishing at every of this top establishment – essentially plotting out a technical bearish divergence between price rally with volume decline. At the current junction, the $SPX remains firmly within the congested 3 months trend channel. The immediate support to watch for any further weaknesses is at 3,660 level. This level would see $SPX breaking down the highlighted trend channel convincingly, along with the first break of a minor classical support established on the opening week of 2021. 1. Earnings heat up After leading markets higher for most of 2020, tech stocks took a backseat late last year amid a rotation into value stocks which were boosted by hopes for the economic recovery promised by vaccines. That shift has stalled in recent days as investors weighed lackluster outlooks from big banks and a blockbuster quarterly report from Netflix ($NFLX) that saw shares climb 17%. Microsoft ($MSFT) reports after the close on Tuesday, followed by Apple ($AAPL), Facebook ($FB) and Tesla ($TSLA), which recently joined the S&P 500, a day later. The results could push the combined market cap of the FAANGs – Facebook, Amazon ($AMZN), Apple, Netflix and Google-parent Alphabet ($GOOGL)- back above their all-time peak of $6.16 trillion. 2. Fed meeting Fed policymakers will hold their first meeting since Democrats last week took control of the Senate, which has increased the likelihood that new President Joe Biden’s proposed $1.9 trillion stimulus package could be passed. The Fed is not expected to make any policy changes at the conclusion of its two-day policy meeting on Wednesday and is likely to reiterate that the economy is still far from its goals of full employment and 2% inflation. There is some speculation among investors that increased government spending to boost the recovery could prompt the Fed to begin tapering its massive bond-buying program as soon as the end of this year. But Fed Chair Jerome Powell said earlier this month that “now is not the time to be talking about exit.” 3. U.S. GDP data Market participants will get their first look at how the U.S. economy performed in the fourth quarter from Thursday’s figures on gross domestic product after already weaker consumer spending numbers and falling employment in December. After a record 33.4% annualized rate of growth in the third quarter, economists are forecasting growth of 4.0% in the final three months of the year. The economy is expected to have contracted by 3.5% for the full year. The economic calendar also features data on durable goods orders on Wednesday, initial jobless claims numbers on Thursday and personal income and spending data on Friday.
ULong
by jfsrevg
S&P500 Performance In US Election. What to Expect This Week?Only two days left until the elections and Wall Street is bracing itself for the next president of the United States - Trump or Biden. US Elections have been and are always expected to be an extremely volatile event worldwide. Elections, similar to other political or banking sector events, are notably treated by market participants with anticipation and speculation. Last week, the S&P 500 has taken its deepest dive, dropping 5.5%, while the US GDP increased by a surprising 31%. Below is my previous analysis of S&P500 and how Elliot Wave prepares us for the crazy decline. What to expect during the week? The chart above shows that SPX decline is still making an incomplete five-wave impulse sequence. The price is expected to keep heading lower and selling the rally after a short-term swing higher is ideal. The price has the potential to retest the lower boundary of the channel to complete the bearish sequence. What's your view on S&P500? Let me know in the comment. Safe Trading! Veejahbee.
OANDA:SPX500USDShort
by Veejahbee
2
[SPX] Market Treasure Map: How We Get to 1550 in 2022!Prepare for a wild journey my friends! B) Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern. Now Price will fall back around left shoulder levels around major S/R. Coronavirus just sped up what was already in process... the 4-5 year pattern that fundamentally aligned with the expectation and likelihood of an oncoming recession in 2021 pre-COVID. So that pattern will be cut short and peak around the New Year. It is at this point... after the default (mortgage/auto/college), eviction, real estate and virus crises culminate in an ultimate crescendo (and maybe a banking crisis as well if we're lucky!)... we will steadily drop to ultimate market bottom in Spring 2022. We are in the midst of a massive bubble brought on by tax cuts for the wealthy and Big Business and the following massive Stock Buyback and Wealthy People Liquidity programs. Many big name trader people and a fair number of TView commonfolk have been calling for 1400-1600, even some exactly calling 1550 right at the strongest trend convergence point... I think this is a snapshot of some of the data they were basing those predictions on. The difference is the data is now revealing a potential period in time for this bottom. The red lines represent the top of the 38Y trend channel with a bit of overshoot. The purple line is the is the 38Y Market Baseline Trend. The magenta (?) horizontal lines are the strongest 20Y S/R channel and capture the 2Y peaks in both 1999-2000 and 2007-2008 and the 2011-2012 period. The white uptrend line is the strongest S/R for both those previous peaks and coincides exactly with the predicted bottom of the Megaphone pattern. As is typical with this pattern when it reaches the end, Price will fall even further below and be caught by the strongest 20Y S/R and 38Y Market Baseline Trend all converging with a major downward S/R (other white line). I think the gravity of this point on the market map is very high and the depravity we've seen our society degrade into will finally become too great to ignore and reach a breaking point. Sacrificing the People at the alter of Profit gets you some quick wins for the first few decades but it can't last forever. What is to be rebuilt, must first be torn down.
SP:SPXShort
by ProfitHarvest
35
[SPX] Can't Break the Megaphone Pattern... CRASH Imminent!I just couldn't resist guys, I mean c'mon... today it perfectly settled on my top Megaphone pattern line prediction from weeks ago. What a TView post bait. Every bar above this line since June 9th is red. It can't hold above this to save it's life... shit is crashing down soon. Where else it gonna go? #SPXSideways4Life Coronavirus panic round 2 and/or dismal Q2 is most likely crash trigger at this point. You'll see me back around on the regular when the time is right B). OG Idea:
SP:SPXShort
by ProfitHarvest
25
[SPX 1D] The Future in Focus... 2020/2021 Treasure Map!I mostly just want to hang this trophy on my wall by this time next year B). This is the picture the data has painted. I'm just the messenger. There is a good chance I am off but this is looking like the most likely scenario here. We're way above the 1 and 2 decade trends with the half decade being angled much higher. We're in the middle of a massive correction and it will way overswing downward once the megaphone pattern ends and we start the 5 year trend growth trajectory over from a much lower position. Sow your seeds and harvest your stocks wisely!
SP:SPX
by ProfitHarvest
[SPX] Prepare for the BIG CRASH... Indicators Are Truth!Ok, getting back to basics here guys. Enough with the snark haha... for now. Leaving my March crash repeat setup here just for comparison, not as an expected path or trend. Volume will still be interesting to follow here. Holding pretty close so far! This little crash definitely took some pressure off RSI but it's clear we're still well in overbought territory here. Stoch is always more sensitive, in a real crash they'll all go down in unison (see late Feb RSI). ADX was juiced to pop through ROC and DPO as they crashed down but we got a fakeout. Still prime position for a crash. DMI hardly fooled by this, still locked and loaded for a crash. MACD has plenty of downside room, we'll likely get a deeper extension in the red before it goes green again. TRIN is just fcked...
SP:SPXShort
by ProfitHarvest
34