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SPX ( S&P 500 ) risk investors on or off trade.Here is another trading Snack. Ever sense the stock market pushed to it last all-time-high, followed by risk off fears of the pandemic, we’ve only challenged the re trace move bacK to the 61.8 Fib level and now are grinding around. With zero or close to zero rates in most of the world, money managers who for the most part have only seen for the last 11 years a by the dip strategy, now are managing from the point of stocks are the only real game in town. This kind of mind set only feeds the fire of a grinding market till the next great big head line. To some degree investors are also looking towards the nation reopening up after the virus appears to be under control from spreading farther. But what will the effects of the nation closing the economy have on future outlooks and business planing? Most of the virus number that will effect investor short sided views aren’t in the mix yet. Mostly those numbers just started to show up, or in some headlines are the best guesses of our investor gurus in our present times. Buffet one of the greatest investors said the other day, now is not the time to buy! In fact his investment firm has been actively selling and raising cash levels. So what is the trade? In my opinion ask yourself what is the driving force in pushing stocks higher over the 61.8 level and then challenge those all-time-highs again? If you can not find a reasonable driver to that possibility, then the higher probability trade is sell the rallies.
SP:SPXShort
by PipsTradingClub
That's a SCAR on a BEAR'S FACE!So, the bulls are fighting hard this time! Since Apr 20 SPX is moving sideways it could be an accumulation or distribution, we don’t know for sure yet , so let’s try to find out! But first remember to follow me if you are new here, I post daily analyses and you are welcome to join our community! Also, follow me on TWITTER , because there I post things I can’t post here, and I’m sure you’ll find something interesting. Just check it for yourself! Now, back to SPX, it did a double top under the 61.8% fib retracement, a strong bearish sign, but now it frustrates the bears by triggering this Piercing Line today, just when it hit the “support zone”, and closed above the 21 ema. And I’ll not start talking about the bear traps it did recently, which fortunately we avoided (links below). Now, let’s see the hourly chart as usual, there’re some interesting clues there: As I said in my last analysis, I was expecting SPX would find the 21 ema a resistance, and it did, but so briefly that the bears didn’t stand a chance. Now I’ll tell you my honest opinion, if the price does a very nice bearish pattern close to the purple trendline, then I’ll believe the bears are here. You guys already know that I wouldn’t short SPX in this scenario, I’ll buy VIX instead, but this would be the confirmation I need. But, until then, it’s still a bull trend. Yes, it lost its strength when it lost the purple trendline, but the chart is still pointing up, and today’s candle confirms this. Now, let’s see the weekly chart: Now, there’re reasons for the bears show up here! This week’s candle can be a Harami under a fib retracement, but this long shadow is something to notice. The bears tried to push the bulls down, but they managed to push them all the way back. This shadow in this week’s candle is the scar of a lost battle, a scar on a bear’s face . If the price lost this shadow next week, we can think about SPX hitting the 38.2% fib retracement. But, until then, the bulls are winning this war. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
8
I told you to NOT short SPX.Now SPX did a Bearish Engulf under a Fibonacci Retracement and it could trigger a double top. There’re a lot of bearish signs here, but as I said in my last analysis, it’s not worth short SPX . The link to my last analysis is below, in case you missed it, and I invite you to follow me to keep in touch with my trades and analysis, I do daily analyses here. In my opinion is much more interesting buy VIX instead of short SPX, and today’s movement is a testament of my view. While SPX dropped about 2%, VIX raised almost 20% today , a much more interesting trade to do, with a fair Risk/Reward ratio. Just take a look at the VIX chart: Much more interesting, right? Today closed above that black line, which negates the bearish pivot VIX did. Of course, there’re reason to be worried here, especially if we look at the SPX hourly chart: It seems it did a pullback to that purple trendline (again), that’s why we need more confirmation here, and it’s because we are cautious we avoided 2 beartraps recently (again, link to these analyses below). To summarize, SPX is in a very decisive moment right now, and we’ll see tomorrow who will win this fight, the bulls or the bears. Check my previous analyses below and remember to follow me and part of our community . Also, leave a comment! Do you agree? Disagree? You are welcome to comment your ideas. Trade well. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
19
S&P on a bearish short term outlook.S&P has crossed below the long term channel up for the first time since it started in October. Levels to watch: - The Resistance is at 3340 while the Support (short term) at 3235. - The price not only crossed the ascending support of the channel up but also the MA200 on the 4H chart. In fact it crossed it twice in 3 days, which is something we haven't seen for a long time. - The MA50 (4H chart) has rejected yesterday's bullish attempt and may turn into a resistance. Projection: - This is a mix of the strongest bearish outlook since last October. The MA50 (as a resistance) and the MA200 (as a support) are converging dangerously and may form the first Death Cross since October. With the coronavirus threat growing, if the 3235 short term support breaks, we expect a strong sell-off towards the 3070 long term support. Only a break above 3340 restores the bullish sentiment back to the market, as so far every rise is getting sold. If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
OANDA:SPX500USDShort
by UnknownUnicorn3931771
3