Buying a falling knife..? SPXUS500 - Expiry in 24h - We look to Buy at 3676 (stop at 3602)
The medium term bias remains bearish.
The previous swing low is located at 3640.
Price action continues to gravitate towards crucial support levels with aggressive selling interest.
Support could prove difficult to breakdown.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
A higher correction is expected.
Our profit targets will be 3855 and 3905
Resistance: 3855 / 3911 / 4155
Support: 3645 / 3210 / 2780
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Us500long
SPX-turned for RecoveryEvery action there is equal and opposite reaction, 3 rd law of NEWTON.
In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62%
enjoy the trend change ,and make use of it .
SPX crucial support 3636Weekly closing price is the price available for the world for two days.
It is the maximum resting time of a stock or index price, than daily or even monthly.
All investors ,traders, institutions, owners are scratching their heads for next action
So we have some logics;
Every thing is out, inflation, rate Hike, corona lock down, supply chain lock , BUT remember market is already factored in.
public is under fear of recession, market collapse ,thanks to Media for over shouting .
what they will do? they wait for Monday to sell their stocks
what smart BULLS do? they will always act fast before the public realizes
they BUY at low level (market oversold to the level of 2015 )
As per EW counts, 'Y' wave will end at 3636 (X*1.618)
as long as this level is supported by smart BULLS, we have another new Rally
Jamie Gun2Head Idea - Selling SP500Trade Idea: Selling SP500
Reasoning: Running into resistance level, time for the sellers to step in
Entry Level: 3821
Take Profit Level: 3643
Stop Loss: 3858
Risk/Reward: 4.81:1
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US stocks to rebound? US500
Intraday
We look to Buy at 3940 (stop at 3885)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips.
Our profit targets will be 4100 and 4230
Resistance: 4105 / 4230 / 4370
Support: 3960 / 3780 / 3500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Stocks to bounce today?US500
Intraday
We look to Buy at 4050 (stop at 4004)
We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. We look to buy dips.
Our profit targets will be 4180 and 4230
Resistance: 4105 / 4230 / 4370
Support: 3960 / 3780 / 3500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
LONG US500 ✅✅✅Here I expect bullish price action as the price took out previous daily low liquidity and rejected from bullish orderblock. The price left behind a lot of imbalances that have to be filled.
US500 LONGS ACTIVE 📉📉📉Expecting bullish price action on SP500 as price makes the draw on liquidity. Higher price action to be seen over there
What do you think ? Comment below..
US500 LONGS ACTIVE 📉📉📉Expecting bullish price action on SP500 as price makes the draw on liquidity on the weekly lows and should make a reversal move from there + h4/d1 imbalances bearish that should be filled asap.
What do you think ? Comment below..
LONG US500 ✅✅✅Here I expect bullish price action as the price took out the liquidity below previous weekly low and rejected from bullish orderblock H4, also the price has to fill the imbalances left.
US500 LONGS ACTIVE 📉📉📉Expecting bullish price action on US500 as price makes the draw on the weekly stops meaning we will see a bullish reversal week. SP also has a lot of bearish imbalances that are opened + the VIX is very high and it's due for a correction all of the arguments are alligning on a mid-term bullishness in the stock market.
What do you think ? Comment below..
S&P500 turned bullish A good trader has to adopt for the change in trading environment.
the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves.
the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'.
wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation)
IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
US500 LONGS ACTIVE 📉📉📉Expecting bullish price action on SP500 as price takes out weekly lows liquidity and rejects a h4 bullish imbalance area. We have a lot of bearish liquidity that should be filled asap + vix bullish gap meaning price should fill it that makes the indexes go BULLISH.
What do you think ? Comment below..