Update on the S&P Shiller PE RatioJust to update.
Will link to other posts.
PE ratio has now dropped 18% since January. Will do an EW count and post that too.
Spxshort
SPXUSD approaching resistance, potential drop! SPXUSD is approaching our first resistance at 2631 (hroizontal pullback resistance, 50% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 2521 (horizontal pullback support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Elliott Wave View looking for SPX Rally to FailShort term Elliott Wave view in SPX suggests that the decline to 2346.58 ended wave (3). The Index is currently correcting in wave (4) as a double three Elliott Wave structure. Up from 2346.58, wave W ended at 2520.27, wave X ended at 2443.96, and wave Y remains in progress towards 2619.58 – 2727.95 area before Index resumes lower or pullback in 3 waves at least.
A double three Elliott Wave structure is a complex correction in which we have two Elliott Wave corrective structures together. In this case, wave W subdivides as a zigzag Elliott Wave structure where wave ((a)) ended at 2467.76, wave ((b)) ended at 2397.94, and wave ((c)) of W ended at 2520.27. Wave X subdivides as a double three of lesser degree where wave ((w)) ended at 2467.47, wave ((x)) ended at 2519.49, and wave ((y)) ended at 2443.96.
Wave Y is proposed to be unfolding as a zigzag where wave ((a)) ended at 2538.07, wave ((b)) ended at 2522.13, and wave ((c)) of Y is in progress towards 2619.58 – 2727.95 before ending the entire wave (4) correction. Expect sellers to appear once wave (4) correction is over at the blue box area for a 3 waves pullback at least.
SPXUSD Approaching resistance, potential drop! SPXUSD is approaching our first resistance at 2534.1 (horizontal pullback resistance, 100% fibonacci extension, 38.2% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 2344.0 (horizontal swing low support).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
SPX - Daily Key Elements Key levels to look out for when analysing SPXUSD. Please refer to our 4 hour chart for a strategic view!
SPX short trade update Just an update
Entered a short trade on the 3rd Dec and will look to take profit soon in order to re-enter for the 5th wave of wave C down.
Sorry about my wave degrees, I just prefer the smaller degrees to avoid clutter.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2379 (61.8% fibonacci extension).
Stochastic (55,5,3) 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.
SPX approaching resistance, potential drop! SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2375 (61.8% fibonacci extension).
Stochastic (55,5,3) 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.
No gift from Santa this yearGood day folks,
Based on my monthly chart describing the H&S SPX is in, I am expecting another significant drop. (You can look at them for further info)
So basically, I am looking at 267.70 for my short entry (optimal, could be lower/higher) with a target of 252 to 255 .
The target is also the low where I am expecting a reversal long, but I will post it later, in due time.
Thank you,
Elliott Wave Analysis: SPX Bounce Expected to FailSPX has broken below Oct 30 low (2603.54), i.e. Black wave ((W)), opening further downside with incomplete bearish sequence from Sept 21 high (2940.91). Near term Elliott Wave view suggests the decline to 2603.54 on Oct 30 low ended black wave ((W)). Bounce to 2815.6 ended black wave ((X)) as a zigzag Elliott Wave structure. Up from 2603.54, blue wave (A) ended at 2756.55, blue wave (B) pullback ended at 2700.44, and wave (C) of ((X)) ended at 2815.62.
SPX has since declined from there and broken below black wave ((W)) at 2603.54, confirming the next leg lower has started. black wave ((Y)) is unfolding as a zigzag Elliott Wave structure where blue wave (A) ended at 2583.23. Internal of blue wave (A) unfolded as a diagonal where red wave 1 ended at 2631.09 and red wave 2 ended at 2800.18. Red wave 3 ended at 2621.53, red wave 4 ended at 2708.54, and red wave 5 of (A) ended at 2583.23. Blue wave (B) is currently in progress to correct cycle from Nov 8 high (2815.62) in 3, 7, or 11 swing before the decline resumes. Currently it is targeting the equal legs of red A-B towards 2714.8-2772.14 area where it can end blue wave (B) and also which is the area where we like selling it at as far as pivot at 2815.62 stays intact. Right side is to the downside against 2815.62 peak.
SPX500 approaching resistance, potential drop! SPX500 is approaching our first resistance at 2822 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2622 (100%, 61.8% Fibonacci extension, Horizontal swing low support).
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.
SPY , S&P500For now im playing this setup on SPX closed my short from 278 at 268 and longed at 268 golden zone, as of now i still feel a possibility for SPX to jump to new highs of 3000 before falling off as EW suggest this is the only way to me that i can count the 5th wave in a generally reasonable way, only thing stopping this is an algo which has pulled at the previous rejection of 280 and aiming around 260 , however as long as we hold this previous low we still have a possibility of going up as there also is an algo playing at this zone
SPX 500 - ANOTHER UPDATE - FOR LOOONG BUYFROM MY LAST ANALYSIS OF THIS I AM EXPECTING
A CONTINUATION. EXPECTED REVERSAL NOW OCCURED
NOW GOING UP. ONCE REAKS BLUE LINE EXPECTING A RAPID MOVE UP.
LIKE, FOLLOW AND COMMENT :)
Energy and Tech are toast, $SPXS Look for New Lows in the S&PConsumer confidence is high but the only way for this ship to turn around quick is for the Fed to change strategy, that will not happen.
Rising interest rates are providing competition to stocks as they have throughout history. To make matters worse, we know the Democrats are going to start the process of throwing Trump's political future in to doubt along with any kind of certainty about the economic conditions going forward. Foreign leaders will start to believe the progressive newspapers (foreign leaders still read newspapers) and think they can just wait the lame duck president out. Mueller may even come up with something to get folks all excited about "collusion". Democratic Socialists will start talking smack about how they are coming after your money and Bezos' money and it may seem believable for a few weeks.
The next trading session after my related post on shorting the S&P 500, it gaped higher ran up and offered the perfect short entry as it made another lower double top since the all time high. Now we hover once again below the 200 day MA. In my opinion we are yet to see full capitulation. Neither the energy sector nor the tech sector are ready for a rebound. The SPX Relative Strength Index is losing steam.
Folks should buy their Christmas gifts while they still feel rich. At this point it looks like SPXS will be the best way to pay for those gifts as we head into December.
Look for the S&P 500 to hit 2530 and possibly even 2400 in the coming 6 to 8 weeks. Then it will be time for a shopping spree in the Tech sector.
S&P going down againAfter a correction of the downtrend, as we can see a divergence with MACD indicator and clear falling wedge pattern.
The first target is returning to ±2720 zone/
I will update this idea.
Good luck!
SPX - S&p 500 COMING UPDATEFROM MY LAST ANALYSIS OF THIS I AM EXPECTING
A CONTINUATION. BUT 1ST THE REVERSAL THAT WILL
USHER THE BULLS BACK IN.
SPX approaching support, potential bounce! SPX is approaching our first support at 2591 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level, pushing price up to our major resistance at 2709 (horizontal pullback resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we are seeing a bullish divergence where we might see a corresponding bounce in price.
SPX - Daily Key Elements Key levels to look out for, please refer to our 4 hour chart for a strategic view!
SPXS Short after Unusual Volume and Hitting ResistanceHigh volume and long wicks on 11 October indicate that the trend might reverse anytime soon.
After a second push upwards and hitting a resistance at around the 27 mark the trend is showing weakness. This can be seen by a long candle body with regular volume.
Short at 27. TP at 25.5
SPX Bullish in the short term, Targets o the chartCurrently formed a reversal structure with first target around $2800/$2816, good take profit zone with a possible retracement to $2725 for a higher low and an upward movement continuation to $2900
