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SPXUSD

Potential hidden aggressive sellers waiting for a pullback 2622?Post-FOMC moves could be interesting as it would be the last known "major" event before the end of the year. After that, many operators would probably go on vacation. I think it's possible that many bearish smart monies could be anticipating a potential bounce in order to trigger sell-orders in blocks, or step by step, unnoticed. However, the yearly support has already been tested a few time, and it could ultimately give way. As many may have already spotted, there is monthly bearish divergence on many indicators with the S500. Another seasoned trader also explained that it's the first time since years that the SP500 hasn't been under its Ichimoku cloud (kudos to this guy!). Let's see what we will have today.
FOREXCOM:SPX500
by UnknownUnicorn569872
SP500: It's make it or break it.As you can see, the sellers want to break the channel, as if it didn't exist anymore. It could even go lower, setting false signals to sellers, before attracting a large pool or patient buyers, hence push the market to create pullback and rally sharply thereafter (the upper target is approximative and "ideal", would need to see what signals and price discoveries the market would grant us with). Once the market is high "enough", all the sellers who missed the train would act in unison with the speculators and big guns who would unload everything they "can". In case of a more turbulent panic, many stop orders could be triggered, sending the market much lower. If all the potential supports are destroyed with very high momentum, then it would be much more prudent to invalidate the scenario / reverse your position or simply step aside. Volatility is back in town :)
FOREXCOM:SPX500Short
by UnknownUnicorn569872
V1:W2_S&P500_Levels of Interest_Great trades await us.The daily chart is telling us two things. Things or getting ready to get nasty or we are getting ready to recover. We will know after tomorrows action but until then direction is at the mercy of the market. Daily chart shows an immediate need for caution on the bull side. Our 14 and 50 EMAs have rolled over indicating we are due for a couple week of sideways action before this pullback corrects itself. Not to mention our RSI is steadily under 50. As noted early last week and respected, the bottom found around 2705 put in is very strong. Buys should be considered but you must be prepared for a deeper pullback. Keep stops tight and let it play out. There is big money ready to buy those lows, I suspect we don't stay down there long but you can never be sure. Until the lows are tested I will be shorting into strength for there is zero reasons to hold longs right now based on the chart. I've trained my eyes to watch for 30 min trend changes around pivotal institutional times like, 9:30, 11AM, 12:30 and 2 PM Eastern.Sundays overnight session was a perfect example of how overnight sessions tend to drift in the opposite direction of institutional flow once the flood gates hit at 9:30. Currently my plan consists of buying the low into one of those major reversal times listed above or shorting the high into one of those times given indicators and conditions are ideal. Trade well! Updates will be posted end of day along with PnL. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
FOREXCOM:SPX500Long
by UnknownUnicorn981629
SPX is approaching resistance, potential drop! SPX is approaching our first resistance at 2810.4 (horizontal overlap resistance, 50% Fibonacci retracement, breakout level, 61.8% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 2680.5 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias in line with our bearish bias. RSI (34) is also seeing a bearish exit and we might see a corresponding drop in price.
FOREXCOM:SPX500Short
by FlowState
3
Part 10 - Risk-off August - SPXUSD 4HSNP500 – Resistance & Support: Resistance: 2835.00 / 2875.00 / 2920.00 Support: 2785.00 / 2700.00 / 2600.00 / / 2500.00 / 2475.00 SNP500 – Summary: Expected to complete Intermediate B (red) correction at or around the 2835.00 Levels. Impulsive Bearish Wave expected to start at or around the 2835.00 Levels. If an overshoot and a Bullish Swing would occur, then a strong resistance could reflect the 2875.00 Levels. In case of an imminent spike in volatility and a massive sell-off to occur, then SNP500 could pose sharp losses even until the 2500.00 levels.
FOREXCOM:SPX500Short
by Lionheart-EWA
1
Part1 - VIX Spike - Indices Flash CrashVIX (Volatility Index - CBOE) is showing signs of another "spike" in volatility sitting around the corner. This would translate into a "fear" period. US indices are showing wave counts which indicate that the current correction on the up-side might just finalize. An Intermediate Degree (C) leg would be in focus for the completion of the current Primary Degree corrective structure. Expected bearish outcome & levels: - US30USD - 3500 points drop - levels in focus: 25850.00 & 26050.00 - SPXUSD - 350 points drop - levels in focus: 2825.00 & 2875.00 - NAS100USD - 1000-1500 points drop - levels in focus: 7500.00 & 7700.00 10-15% decrease in Indices. * If you share this view or looking for guidance/interaction, please visit the website.
CBOE:VIXLong
by Lionheart-EWA
6