SPX Planned Formation Update 5/23/22Right now we are experiencing the early stages of a big breakdown on the SPX
I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart
A break down like this will be disastrous, but not the end of the world
The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to come.
The Aptiv chart shows also a great representation of this within the Fibonacci circle, with a big extension (similar to that on SPX) leading to big downfalls to complete the broadening wedge pattern
I have made charts of this in the past please check them out
Above is the smaller formation VS the larger formation we can see on the Monthly timeframe
Above is the original post
Spxshort
SPX500 index: Let's go to 3910 today!Today we are here to talk about the SPX500 index.
What's on the market now:
The index is trading at 40 13. And in the last trading session, we saw the price stabilize, as I expected earlier, here is a link to the idea. Globally, the index is moving towards the level of 3830 - 3780.
What are we waiting for today:
Today we expect a decline to the level of 39 00, and then an attempt to rise to 4100. If the movement to 41 00 is canceled, then we expect a sharp move to the 37 80 zone
What I recommend:
If you want to open short:
I recommend you go short above 4100. If you want to avoid risk, going short above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3910 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms around 3820-3780.
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Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
Will Supply Hold? SPX - I want to see price hold this high and reverse, have nice confirmations that it could happen with the HTF, BOS and momentum, let's see what happens when price gets into the PRZ
Let me know your thoughts!
Disclaimer
I never trade these ideas until price is in the zone and i get LTF confirmation!
SXP500 Index: ready to U-turn Today we are here to talk about the SXP500 index.
Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea.
What's on the market now:
The market continues to develop lateral movement. Perhaps there is a good place to enter the market.
What are we waiting for today:
Today we are waiting for the market to try to rise above 44 85. And then the subsequent stabilization of the price to the level of 44 15.
What I recommend:
If you want to open short:
I recommend going short above 44 85, limit your risks
If you want to buy:
Long positions are possible below 44 15. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, please do not hesitate to contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
Bye!
Potential Butterfly Forming 🦋 SPX - Again, similar story with SPX (95% Correlates with the DOW) This moves, dow moves, again today not respecting anything (Due to the sell off), another butterfly forming here, if we don't see this demand respected ill be looking for shorts on Indices, lets see what the opening bell brings.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
S&P500 calls for short - Head & Shoulders TOPFollowed by the Rising Wedge Breakout, we can see very clearly that SP500 lost some momentum - all of this on the background of Fed's Rate Hikes Expectations.
The Head and Shoulders pattern is clear and obvious - let's dig some more important details:
1.Volume Distribution:
The volume distribution in a proper H&S Top should be concetrated on: The left Shoulder, The Head, or both of them - but never high on the right shoulder.
Note that high volume on the left shoulder and on the head are not that significant, while majority of the volume concentrated on the second bottom of the H&S.
The volume distribution here does not support the expected implications of an H&S breakout, and therefore, we should consider a short trade with a bit of suspicious.
2. The Breakout
The first breakout of the Neckline occurred with a little peak in volume - this situation tells the trader to wait for new lower top to test the Resistance of the Neckline.
And indeed, the patient trader received the expected new lower top, and on Friday the power of sellers was present.
The inability to raise above the neckline and the fact that the price rejected from there - was a strong tactical signal for those wanna dive deep into profits.
3. Price Target
By H&S Measurement rules, the objective of minimum potential is 3,865.
When considering the overall Technical picture, the historical resistance from September 2020 (3,592) looks very solid to serve as strong support level.
Conclusion:
Technical wise, the picture is very clear and convenient to initiate a Short trade while maintaining a Stop Loss above the last minor top.
Fundamental wise, the Fed is about to hike 25bps on coming Wednesday, and expected to hike 6 times along 2022.
The collision of Russia-Ukraine sets a descent platform for inflation super nova on commodities whom which cause a liquidity problems and chaos on international trade.
Reversal:
There is might be a scenario in which the Fed will flip over and suggest that the "unexpected" war developments will require the take the leg of the pedal of Monetary tightening and go for more dovish policies in form of QE and maybe keep IR low, I think the possibility of such scenario is low, but still - In such case, all the short thesis is canceled and we should wait to see how the markets react to such case and trade accordingly.
Good Luck!
SPX500 short Things are not looking very good for risk assets after the break below 200 MA.
FED interest rate increase is a headwind for stocks generally and growth stocks in particular.
It seems to us that things are going to get worse over the coming days.
Stay away from the growth stocks and darlings of low interest rate environment.
Most important -> manage your risk.
SPX with some room to move..For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
After exiting our long side Trades on the SPX we are looking short at the labelled short zone. It is great for a short intraday based on key TECH aspects like our MA’s.
Exit at eclipse symbol area.
SP500- Bearish Engulfing announce correction?In yesterday's Nasdaq100 analysis I said that I expect a drop for the index and 14k is my first target. Things are not different for SP500, here also expecting the price to drop.
Also, SP500 has started the year badly, with a bearish engulfing weekly candle and, although the price structure is not so bearish like in Nasdaq's case, a drop is probable here also.
4600 is trend line support, that kept the price elevated for more than a year now, and a break here would increase chances for a drop to 4250-4300 horizontal support.
In bearish this index too and I will look to sell rallies.
A new ATH would delay this scenario.
SPX to fallDon't forget to click on the follow button for more professional analysis. Please ask any questions should you have them!
Here we have our SPX chart.
The SPX has rallied on positive market sentiment. It is now rising to a short zone. Make sure your risk is correct to cater for any further rise.
Price target on short side is noted.
We like prices high to sell. do not be scared of this.
SPX rising back to short zones.For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
After the recent target hit on the SPX long side we are looking short back down to comfortable exit areas, noted on our chart.
SPX TGTs hit, now looking short.Don't forget to click on the follow button after reading in order to see professional daily analysis.
Here we have got our SPX chart, which we previously predicted long.
Now these targets are taken through, we are now looking to short back down from the approaching highs.
S&P Weekly Forecast: Breaking below 4450 will confirm bearish. The S&P 500 could see a dip in its value if it continues downward, though it is still on an uptrend.
But the recent pandemic concerns and ahead of year-end profit may grow some volatility and hampered S&P 500 upward momentum.
But the good news is the backdrop of a supportive fundamental environment, strong corporate earnings, and constructive profit outlook will be the driving force for most U.S stocks in this market. However, omicron variant uncertainty can also drive price action over short-term periods.
Technically, 4448 is the channel support from the present rates. So, as long as S&P 500 holds these points, we should wait. Fundamental reports are positive as well.
So, we can't sell instant.
But this is also true; pandemic and year-end profit may break the 4448 points. If the market can break below 4448, we will go short, and our first target will be 4300 /4250. and the final target to the downside is 4100.
I don't think the market will drop more than 4100 points if something doesn't happen like the US-China or US-Turkey trade war again.
On the other hand, the market still has chances to go upside down and may test 4650/4670 points nearly first channel resistance again. And final target to the upside is another trend line resistance 4770/4800 points.
SPX to 5000, then big correctionFollowing weekly chart.
There was a big cup & handle formation that takes 16 years. After breakout in the beginning of 2017, target was 3350 and.
After hitting the target, covid broke out!
Actually it was a big corection of this 4 years trend.
Then, a new cup & handle formation formed and it broke the resistance at January 2021.
Target is 5000 and we're really close to this target. After that, my plan is to short till red line.
But important part is there is still a GAP in 2574 and what if we hit there?
US Market Technicals Ahead (15 November – 19 November 2021)As U.S. inflation has surged to the highest level in over thirty years, inflation is likely to remain in focus in the coming week with investors looking ahead to the latest U.S. monthly retail sales figures along with earnings results from major retailers, including $WMT (Walmart).
With $SPX (S&P 500) erasing its weekly losses from Friday’s late week rally, the bearish Rising Wedge formation of $RSP (S&P 500 equal weight) remains in play. Attention has being turned towards small-cap companies after a nine month consolidation breakout on $IWM (Russell 2000), setting a potential new leg of multi month long market rally leading by this companies. It is worth to note that $GLD (Gold) have also broken out of a multi month long trendline resistance, gaining +2.71% as the leading asset class of the week.
China will provide an update on the economic recovery via industrial production and retail sales and wide there are expectation for a slowdown in its economic recovery, just as Europe is experiencing a fresh surge in Covid-19 infections.
Here’s what you need to know to start your week.
Market Technicals
$SPX (S&P 500) vs $RSP (S&P 500 Equal Weight)
The benchmark index $SPX retraced with a weekly loss of -0.31% (-14.68 points) confirming last week’s highlight on the over-extension of this rally which was 200% ATR away from its short term moving average, the first time since September 2020. With $SPX reducing its intraweek losses with Friday’s +0.72% gain, it is worth to note that $RSP (S&P 500 Equal Weight) has yet to break its Bearish Wedge Formation, which was has already played out in $SPX. The upwards consolidation of $RSP may be reflecting signs of fatigue, signaling downside potential of $SPX in near term.
The immediate support to watch for $SPX this week is at 4,645 level, a break of its short term pivotal level.
U.S. retail sales
The highlight of the week’s economic calendar will be October retail sales data, due out on Tuesday, with economists expecting an increase of 1.1%, after a 0.7% rise in September.
U.S. inflation has surged to the highest level in over thirty years amid a global supply chain crunch and data on Friday showed that consumer sentiment fell to its lowest in a decade this month, as higher prices eroded living standards.
Investors are betting that the Federal Reserve will have to raise interest rates sooner than currently indicated to stop inflation spiraling upward.
Retail earnings
Third quarter earnings season is continuing to wind down, but investors will get an additional update on the strength of consumer spending this week with results from major retailers, including Home Depot ($HD), Walmart ($WMT), Target ($TGT), and Macy’s ($M).
The earnings reports will face extra scrutiny ahead of the start of the holiday shopping season, with investors looking at guidance from retailers to determine whether inflation will eat into profits or be passed on to consumers.
Third quarter earnings season has largely been upbeat. 459 of the companies in the S&P 500 have reported with 80% of earnings results beating analysts’ forecasts.
China slowdown
The recovery in the world’s number two economy is weakening and data on Monday, which includes reports on retail sales, fixed asset investment and industrial production is expected to confirm this. The loss of momentum in China, a key driver of global growth, is casting a shadow over the uneven global economic recovery from the pandemic.
The recovery in China has been hit by an aggressive approach to containing Covid-19 outbreaks, a massive debt crisis in the country’s real estate sector and an energy crunch that has weighed on manufacturing activity.
Analysts think the country’s central bank is likely to take a cautious approach to loosening monetary policy to bolster the economy as slowing growth combined with soaring inflation fuel concerns over stagflation.
Meanwhile, U.S. President Joe Biden is to hold a virtual meeting with Chinese leader Xi Jinping on Monday, amid rising tensions between the world’s two largest economies.
Pandemic resurgence hits Europe
Europe is seeing a resurgence of the Covid-19 pandemic, adding to headwinds for the region’s already fragile economic recovery.
Europe accounts for more than half of the average 7-day infections globally and about half of latest deaths, according to data compiled by Reuters, the highest levels since April last year when the virus was at its initial peak in Italy.
Several countries, including the Netherlands, Germany, Austria and the Czech Republic are implementing restrictions or planning fresh measures to slow the spread.
Holland entered a three-week partial lockdown on Saturday, the first in Western Europe since the summer. Germany reintroduced free Covid-19 tests on Saturday and Austria is to decide on Sunday whether to impose a lockdown on people who are not vaccinated.
S&P500 imminent short and massive collison of SPX in few weeksThe biggest depression ever seen will happened in front of our very eyes.
In comparison with it, "Great depression" will be like a baby.
Complete crash on this price of stock level on S&P 500, biggest 500 companies in US will enter into greatest recession ever seen in history of economy it self.
US stock stock index grew 13 years so far, (during depression 9,1 year).
As per mathematical parameter of price mechanism and number of calendar years (4-5 calendar=1 technological year) of continual growth along with more than 700% (nearly 800&) is something which is MAYHEM in stock world and imminent drop toward 3,3,xx, and further drop towards 2.2xx index points and further drop with continual lower highs on each of levels mentioned above which will lead moving of money on $BITCOIN which will most likely " levitate" which will absolutely delude masses of people and afterwards majority will $stock market collides and money moves to " digital sector", After decribed scenario of #s&p500, majority of people who invested in $Bitcoin will lose initially 67% of their capital in 2 moves. #BTC will drop from 75K (most likely target) towards 25K in certain point of thime (after sucks in majority of money from $forex and $dax $spx$nikkei225 and so on so so forth. Moment and further collision of #BTC in rate of " 85%+ bleed rate" in lowest point in cycle with many currencies involved in #stocks will move their money to " safe harbout" which is nothing but the trap for naive and greedy and 85%+ people will lose everything as $BITCOIN drops towards 14k and potential 8200 lowest low (depending on HIGHEST HIGH in cycle). PEAK OF #BTC should not surpass 75.000$ and probably will lose 85% of its ATH value, which will result MASSIVE loss of liquidity right after #stocks collide BIG time, so people will experience " exponential loss. (i.e. 30% stocks and 80% in $BTC) which is at best 2.4% of initial 100% had " in pocket.
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Good luck #bitcoin #economy #people #spx500 $crypto $btc $stocks $bonds $equities $loans $banks $EVERYTHING.