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US500SHORT

US Market Technicals Ahead (8 November – 12 November 2021)Investors are to take note of the end of Daylight Saving Time (DST) that will effectively have the US exchanges open at an hour later, depending on your time zone starting today. $SPX is currently closed at 200% ATR(14) away from its 10 days moving average, the first time since September 2020. Data on inflation will be the highlight of the U.S. economic calendar in the week ahead as investors continue to digest the Fed’s decision to begin tapering stimulus measures, marking the beginning of less accommodative monetary policy. Earnings season is winding down, but there are still several companies set to report during the week. China’s Communist Party looks set to green-light a third term for President Xi Jinping. Here’s what you need to know in the coming week. Market Technicals The benchmark index $SPX continues its high octane rally with a fresh new high established at 4,718 level, gaining +2.00% (+92.15 points) during the week. $SPX is currently closed at 200% ATR away from its 10 days moving average, the first time since September 2020. The immediate support to watch for $SPX this week is at 4,660 level, a break of its short term uptrend momentum. Inflation data Data on producer price inflation for October is scheduled for release on Tuesday, followed a day later by figures on consumer price inflation. The CPI numbers are expected to hit their highest levels so far post-pandemic, with economists forecasting an increase of 0.6% month-on-month and 5.8% year-on-year. Core inflation, which excludes food and energy costs, is expected to rise by an annualized 4.3%. At its latest meeting the Fed stuck to the view that high inflation would prove “transitory” and is not likely to require a rapid increase in interest rates, prompting investors to call it a “dovish taper.” While the central bank has so far managed to communicate plans to begin scaling back its monthly bond purchases without triggering a taper tantrum, elevated inflation figures that fuel rate hike speculation could change that. Earnings Better-than-expected third-quarter earnings have boosted equities and Wall Street’s main indexes closed at record highs on Friday following a strong U.S. jobs report and positive data for Pfizer’s ($PFE) experimental antiviral pill for COVID-19. Companies reporting in the coming week include entertainment company Walt Disney ($DIS), drugmakers AstraZeneca ($AZN) and BioNTech ($BNTX) along with Softbank ($SFTBY), PayPal ($PYPL), Coinbase ($COIN) and AMC Entertainment ($AMC), China The top leaders of the Chinese Communist Party are set to meet in Beijing from Monday through Thursday, where the decision-making Central Committee could give the go-ahead for an unprecedented third term for President Xi Jinping. The meeting comes at a time when growth in the world’s second largest economy is faltering amid stringent measures to curb virus outbreaks, a clampdown on the property market, energy shortages and disrupted supply chains. Data on Sunday showed that Chinese exports slowed in October, but still beat forecasts while imports fell short of forecasts, pointing to continued weakness in domestic demand.
SP:SPXShort
by jfsrevg
US500 SHORT SCENARIOdeep price actyion, manage rr ! goodluck US500 is made out of top 500 companies in the US. from corona crisis almost every company made losses.... everyone is asking why is it stil going higher and higher.. wel that is because the top 5 companies made so much profit even more then the 495 other ccompanies... AMAZON TESLA MICROSOFT FACEBOOK APPLE recent we had the FACEBOOK shut down issue, that means no more advertising for AMAZON.. so for me it means fundamently short on US500
UShort
by AyadCapital
Short opportunity SPXAs with the Nasdaq, we see a bearish Wolfe Wave on the SPX. After the sell-off at the beginning of the week, we changed into the bearish trend from the Wavereader, but were pushed directly back into the overbought area, as usual in this market. The good thing is: this gave us a fresh sell signal. It was not even tested the 0.786 FIB level in the sell-off, which could become a target for this trade. R:R ratio is very good. Therefore worth a try.
FOREXCOM:SPX500Short
by UnknownUnicorn9344165
S&P500 US500 Short IdeaWe have seen a very bullish move from the US500 lately, with the past 10 days seeing 9 bull candles, and the only bear daily candle at 18 points down in a 220 point tear creating new ATH's. What Now? Is it time to short? Will this keep going higher? Is it risky to sell here? The answer to all these questions in my opinion is Yes. In my view, it is time to short purely based on the fact that NFP is now out of the way, EOM done, and earnings season is upon us. Profit takers have been holding off due to the bullish move, however we know that moves like this don't last long, and we are due a correction candle. From this level, I would be looking for a 50 point+ correction to the downside, before we continue towards the 4400 zone. My target zone for TP on shorts are 4260 and lower, primarly due to the sole reason we must return back here. Could this be another move similar to the one we saw late march to mid april? Yes but it's unlikely as that was a very very good run. It was however EOM and end of the quarter, so we at least know that if this is following in the same steps then we are approaching the top before a large correction, however as I mentioned, it is unlikely this has more gas in the tank to continue before stopping and refuelling. We have gone through the 4200 level far too quickly. THe S&P 500 will continue to move up, there's no reason for it not to. Everyone is prepared for a market crash and we all know a crash never happens when everyone is prepared. If you enjoy the analysis please leave a like and give me a follow for more!
UShort
by FriesianFX
US500 4238.0 - 0.21% SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE S&P 500 FROM THE 4 HOURLY CHART. The S&P500 is currently trading in an ascending triangle looking for a break below of this structure to see the bears taking control of this index couple of confirmations should come into play before this is confirmed. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
UShort
by PULEMokhothu