SPXUSD
SPX Outlook for this next two weeks.Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction?
I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still sleepy and that can go higher (I can not imagine how, but the probability exist.
What are your thoughts? What part are you on?
Thanks!
SPX 500 | Be aware of the 200 MA | Cup & Handle PatternHey guys, Please support this idea with a LIKE or COMMENT if you find it useful.
After an in-depht Analysis of the SPY and the Big players with the biggest Market Cap, i would like to share this with you:
Today we saw a little Market weakness from AMZN, GOOGL, SHOP, NFLX,FB with a little sell off after we hit the overhead resistance.
But the SPY seems strong and the levels intact. RSI also pointing forward.
This could be a potential sign for a retracment from the 100 & 200 Moving Averages. That means we currently forming a new range where the market looks for a support which is has found at around 2700 Points.
Be careful when we reach this level and we dont have market strength behind us. Then in my opinion we could see a pull back to around 2400
BUT remember PRICE ACTION tells the Story not the News.
So if we get a Volume spike when approaching those upper levels its a good sign for staying Long and Optimistic with this specific Asset.
Im staying LONG but with a tight stop loss to keep my gains!!
Remmber this is only my Opinion and in no way financial Advise - Keep doing your own Research and never forget to keep a tight and proper risk managment in place.
Thanks for taking your time to read this!
Sincerly,
Sebastian - Trading Experts EU TVC:SPX
SPX/USDHI
SPX / USD will hit its resistance line and will move towards the specified arrows.
And it's the best time to get into a deal
FOLLOW ME FOR LOOK MORE ANALISES
GOOD LUCK
Eurodollar and the SPX Short Quick Post VII haven't been the best at naming my SPX/Eurodollar posts, but it seems that this is my sixth post on the matter over the last yearish. So far my most accurate calls on a macro level have been using the movements in the eurodollar to predict what will happen with the S&P and therefor the broader market. I am going to start on the S& 500 and it is just going to be charting, the linked posts will show some more TA and indicators.
The main chart shows a rising wedge on what looks to be a flagpole and a pennant with targets shown for full performance on both the wedge and flag pole. Price action slipped the wedge and support flipped to resistance if you do simple candlestick analysis on the main chart.
SPXUSD, the almost 24/5 CFD on the S&P, has a horrendus amount of bearish divergence on the MACD, MACD histogram, and RSI. The hammers show what I expect to repeat rather soon.
Likewise, the Eurodollar post shows the targets for a flagpole and pennant. this has the eurodollar going above 100, which means negative interestrates in what is in effect the true researve currency of the world, because it is the unregulated dollar outside of the US. Japan and China are extra-ordinarily exposed to the eurodollar so this will get interesting. Expect a lot of extra-ordinarily bad news out of those countries in the upcoming year. And that is relative to other countries going through the second great depression.
Generally I would need a lot more confirmation of breakout on the eurodollar chart, but the macro-view is strong, and the chart fundamentals are strong that the eurodollar will at least reach the target on the symmetrical triangle.
Conclusion
I am bearish, very bearish. Not financial advice, as I am just a guy making and losing money learning how to chart and trade. I have been swing trading SPXU and SPXL to great effect but I cannot recommend it for most people unless you want to start grinding the fillings out of your teeth. I have already passed that phase, it wasn't a happy time.
S&P500, Keep an eye on it to shortAs I published an early forecast on my channel (Tuesday 16th Apr.); This week we are expecting some evidence for the starting of the (possible) 3rd wave; Which has the potential to go to break the 2000 handle.
I will update this idea when I found a nice trade setup.
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
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S&P 500: Resistance not yet hitHello guys
The SPX is still moving upwards in a rising wedge. As pointed out already in my last idea, it is likely we are going to continue moving upwards and we may hit resistance at around 2950 to 3000 points.
As the smaller moving averages continue to rise I personally think the possibility of another huge drawdown is slowly decreasing. Even taking out the downtrend line on to a further high, the SPX still managed to break it and gain some distance after the apparent short term downwards trend. In the short term, the 0.5 and 0.618 as well as the 0 retracement are going to be areas of support, the 1000 MA on this 4h is probably going to be an area of resistance. For this week, my outlook on the S&P 500 is still rather bullish, even more than last week.
Keep in mind I am not making any comments about fundamentals.
Let me know what you think!
SPX Idea for todayThursday into Friday was interesting with the news cycle but, will the market keep up the good vibes hmmm lets watch this corrective pattern.
Here’s an idea of how it could look. Maybe a corrective pattern leading into a retest of the 79% on the daily...
Good luck
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.
S&P 500 could reach 2900-3000 to complete correction The wave C could hit between 2900 and 3000 and there is a 61.8% Fibonacci retracement level.
Its C=A or C=1.272 x A.
SPXUSD/SP 500 sell at strong key areaSP 500/SPXUSD SELL SCALP
start: 2813.5
sto ploss: 2826.4
take profit: 2742.6
SPXUSD, Where to Sell?..The price can bounce off the Mirror Level 2854.0.
If you think about Buy position it will be better to wait for breaking the level.
This is a short term trade.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
SPXUSD LONGLook for opportunity to go long if the virus did not continue to spread at the rate is doing now
US Stocks to Finally Rise!!The final 5th wave is finally upon us! EW rules say that price should not break the red line on this chart. I am using a Downward Diagonal since this is the fifth wave which is only allowed during this wave according to Ralph nelson Elliott. I am excited to see the result of this move!
Nothing Weird is Happening with the Corona Virus in US StocksThe market is behaving exactly as it should. There is no special wave counts needed for the entirety of the recent downtrend thus far. I was able to quite easily decipher the Super Cycle wave all the way through the Minor wave for the current downtrend. That being said, due to the extreme volatility I am not trying to get exact dates and times for the waves but I am confident about the rough distances to the next waves and their degrees. I will keep updating my analysis as time progresses.
I would love and am encouraging constructive criticism or feedback if you have a different count than this one.
See my last post for the longer historical term EW count.
