#SPX ANALYSIS.. We see head and shoulders pattern in daily chart of #SPX, also ma10 and ma20 turned their directions to negative.. We can easily say that there are some bearish signs for #SPX.. It is likely that the price will go down.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Spxshort
It all comes down to this point - the battle for 2900.We are approaching an exciting moment. A big battle in the far right corner, with SPX retesting the support line it broke out from last week, and meanwhile finding support on exactly the same level on the trendline going from the low late march to the recent low’s early may. A downwards trendline. An upwards trendline. Colliding.
And that exactly on the 2900 level. How is it possible? I don’t know.
Where will it go? No clue.
Should we step in if it breaks out? Hell yeah.
The battle of 2900.
This is the moment that waiting is more important than action.
ES heading down to 2500s?The big picture clearly shows that ES could not get back into the trend. We can expect sharp down movements. I have market the middle of the trend line on the chart. That's the most important support.
Disclaimer: This is not a financial or investment advice.
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Stay healthy, Trade safe...
Atilla Yurtseven
S&P Extended wave v Rally Facing Significant resistance The S&P extended wave 5 should be at least equal to the price distance from the beginning of wave I. The maximum length of the 5th extension should not exceed the 261.8% retracement of the length from “0” formed in March 20th at the level of 3373.
SPX500 SELL SIGNAL Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Sell: 2796,00
Stop-Loss: 2830,00
Target 1: 2759,00
Target 2: 2727,00
Target 3: 2680,00
Stop-Loss: 34 pips
Risk: 1-2%
Risk-Reward: 2,57
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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SPX Too good to be trueIt seems too good to be true! a bullish megaphone has emerged amidst all this chaos. This is where TA and fundamentals clash. Or do they?
As you can see the Fibonacci spiral provides sufficient resistance for a large drop. With the price gapping over the spiral!
I believe this to be one of the biggest bull traps i've seen.
I highly DOUBT we will see a follow through of this bullphone and a collapse is next.
Top Could be in Place in the S&P 500Top could be in here at the 1:1 extension confluent with the ML of the channel and the 2-year key horizontal level (around 2875). Notice that the C of the Y would be short here, like the C of the W. We are just below the GZ. We are drifting away from the ML of the PF. Nice 4H bearish divergence. Lets see what happens before the close.
S&P 500 INDEX (SPX) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Don't Ignore This Clean Bullish Alternate in SPX FuturesBelieve it or not, this is the cleanest count in the S&P 500 futures. The second W2 didn't even reach the 0.236 which is quite doubtful, especially below such a potentially strong resistance. Are we hyper bullish? I don't think so but this market is capable of anything and may want to pump at each pretext (covid19 vaccine rumour like last night, tweet, etc.). Of course, these must not impact our technical approach.
One Final Push in the SPX?The Elliott wave micro count is getting very tricky and not ideal. Within the suggested upward corrective structure here, we can see a clean impulse coming off the low, followed by a flat. The third move is composed of 7 subwaves where we should expect 9 to complete this pink submicro ABC up.
Every MAJOR Market Cycle! (SPX)Symbol: SPX
Open your eyes this could just be the beginning of a new disaster.
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SPX S&P 500 - Loss of momentum on W and M - High resistanceHello, hope your safe and on your guard in those difficult moments. My analysis on the Weekly Chart just before the Heikin Ashi candle close. Right now it doesn't look good. The tails like to be eaten, but let's wait and see how the candle will end. At this moment the look that he want to reject it. The most concerning things for me is the break down of the EMA Ribbon.. this is usually a sign that the retracement will be much longer but market makers could play with that. They actually want you to put back your money inside the market.. to eventually eat more liquidity. They want to let you think that the market is ready to get back on track when the market is only retracing to a gap down exactly on the daily ema ribbon resistance. What I see is that the market can let believe believe a little more that this trend up is there to stay when in reality they will eat all the liquidity around Easter and pull back quickly on the fib 0.5%. Please note that I have not included a Gap Down as I consider that they will eventually be filled upwards by wave 5. Here are some important details for the S&P 500:
Renko Resistance: 2838.72
Renko Resistance: [/boquer2661.30
Gap Up: 2538.18 (bottom part of the gap up)
Gap Up: 2295.93 (bottom part of the gap up)
JMA: [/boquer2513.32 (currently support)
Fibonnaci [/boquer0.5 à 2034.20
Fibonnaci 0.618 to 1712.93
Momentum: MACD is down in change of direction on the weekly and downhill on the monthly ... so losing momentum in the long term ..
RSI: In BEAR territory on Montlhy and Weekly
Eliott Wave: As we are on a cycle III retracement wave and the wave 2 retracement was 0.618%, I believe that the 0.5% and 0.618 retracement are the more likely and the 0.382 retracement has been smashed and is not sharp.
SPX heading to 1800 or to ATH?Pretty impressive weekly close on the SPX. Depending on which direction you will profit more from, if you dumped your savings in SPY puts last week and are massively underwater you have the bearish retest of the long term trend-line that starting in '09. In that case your target is an easy 1800. If you gobbled up the 2200 support you're going to get the gap above trend-line, quick retest of it and count your gains to ATHs.