SPX500 could move UP soon!Hey tradomaniacs,
looking at the current structure of SPX500 we could see a move up as we see a falling wedge here which is a trend-continuation-pattern.
Of course, a pattern itself is no buy.signal, but it is an evidence for a possible break to the topside.
Fundamentals such as corona-figures, STIMULUS and tradewar will tell us.
In case of a breakout we could execute a long-position with a nice risk-reward-ratio. :-)
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Peace and good trades
Irasor
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Us500signals
Spx500 Break and retest entryS&P looking like its making a morning star at the 61.8% on the Fibonacci and the retest zone. Going to target the previous high.
SPX500 Long SetupPrice will come into this area and find support as it will be a 15min HL and a double bottom on the 5 min at a previous HL. Easy pips you enter here
SPX500 Making Head & Shoulders PatternMake sure you like the post if you enjoy the publication! Thanks for the support!
Price currently making a head and shoulders pattern on the 2HR. Looking to target the daily retest zone to look to possibly take a long from there next. Wait for the 2HR candle to close for confirmation. We want a doji, spinning top or a bearish candle and will enter at close immediately.
S&P500 Will the 4H MA50 be enough again?Last time we saw how the 4H MA50 has effectively worked as a buy entry since the late September break-out:
The recent fall on S&P500 has panicked many but technically it seems like a healthy pull-back taking into account the very aggressive rise since October 06 that broke above the (former) Channel Up.
Moreover, every pull-back after a new Higher High is possible to run on a progressive Fibonacci retracement sequence: first it was 0.918, then 0.786. Both happened to be exactly on the 4H MA50 (blue trend-line). Right now the logical point on this sequence (assuming it is previous Fib - 0.2) would be 0.518. That is exactly on today's low. The 0.618 is slightly lower at 3420 but in my opinion if the index fails to close today above the 0.518 Fib, the true Support to test would be the 4H MA200 (orange trend-line).
Do you think the 4H MA50 will be enough again or S&P will seek the help of the 4H MA200? Feel free to share your work and let me know in the comments section!
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US 500 HAS REACHED THE LOWER SIDE OF THE TRENDLINE WHO WILL WIN?US500
Has reached the lower side of the trend line which is a critical level for both bull and bear.If the trendline was broken we can expect downward rally if the bull managed to hold the ground from the trendline support it will bounce back towards North.
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S&P 500 THE HUGE RISESo this is my anticipation on S&P 500 i think its now going for 4000- . Same as Gold and other US indices. I actually think the Covid-19 crash actually increased the cahnces of this huge incoming rise. So lets just all wait and see but im definitely going long and i think the US elections will pump it more. Suggestions in the comment section.
US500Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
US500 or S&P500 LongHi all, we had the summer dip, time to go long for a risk/reward of 1/1.5 or you can keep it until March 2021
US500 series of rising and sudden drop happeningUS500
As the economic activity hasn't picked up as expected in second quarter of this year. In some part of the US the economic slow down is further accelerating and many of the skilled and non skilled workers are unable to return to the duty. This has reflected in company growth and overall economic growth is still intact as earlier forecasted by OECD.
After reaching the September high around 3600.00 (which is a key psychological level) the trend has reversed towards south as the pause in vaccine development and the surging of daily virus cases
We can see a series of rising and sudden drop in the prices with the bear flag formations. And trading in a downward channel. I am expecting that the price will continue to run lower towards 3000.00 level. From this level we can expect shift in the momentum towards bullish
The price is currently trading below the 50% Fibonacci and the next downside target would be 61.8% Fibonacci level comes around 3188.00
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Going Long US500Just entered a long position based off these 4 confluences:
1. Trend line was broken
2.Moving avg crossover
3.Possible HH
4. Continuation Doji
When this 4H candle closes as a Doji or bullish market structure will have been broken and my target would be the major LH for my exit, That’s a little over 100 points.wait for the 4H close for confirmation👍🏽
Bear Flag on US 500A down line was broken at friday. I'm looking for a down move to 3200 or even 3000 USD
S&P500 Does the 'Megaphone of Death' compare to that of 1990s?Last week I looked into S&P's monthly chart for clues on the long-term trend (see chart below). Most indicators point towards a new Bull Phase despite the general bearish sentiment in the market this week.
** The 'Megaphone of Death' **
I went a time-frame lower into 1W and found something I wanted to share with you. S&P500 recovered slowly after the 1987 Black Monday crash and before the aggressive Bull Phase of the late 1990s, it had a turbulent period within a Megaphone pattern in the early 1990s. That volatile period resembles the price action since early 2018, which has formed the pattern I previously called 'Megaphone of Death'. The past two plus years have also marked a turbulent period for the markets (after an uninterrupted growth phase of 10 years since the subprime crisis) as the U.S. - China trade war and the COVID pandemic issued Lower Low corrections from the Higher Highs (thus creating the Megaphone).
** Will history repeat itself? **
As you see both Megaphones are fairly similar, their Highs and Lows match. Currently we are on the (g) leg. If history is repeated, the correction of these past few weeks should be over soon and the following quarters should see Higher Highs and Higher Lows.
What do you think? Are you a buyer or a seller on this one? Feel free to share your work and let me know in the comments section!
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S&P500 Buy SignalPattern: Rectangle into an Ascending Triangle.
Signal: Buy as the price is consolidating on the Higher Low trend-line.
Target: 3,425 (right below the Resistance).
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SPX500 STACKING long PositionsHey tradomaniacs,
SPX500 looks very bullish to me as the previous fakeouts have created a double-bottom-pattern.
These fakeouts were the perfect moves to washout these massive crows of robin-hood-traders.
The current option-market is full of these retailers who are taking the liquidity for the big players.
To get this liquidity big players are forced to manipulate the market to the downside in order to hunt the stop-losses.
When I look at the market-depth (on daily basis) I can see accumulation of volume and these SL-Hunt-Moves as the sellers instantly get aborbed by the ALGOs.
Economy is also recovering well so far which is why I expect more momentum to the upside.
As always I will manage this trade very aggressively, especially ahead the FOMC-meeting today.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
US500, Crashing ??US500 Trying for recovery but
Pattern is broken as well as
strong support.
Wait for proper retracement and take
SHORT and HOLD
S&P We may be starting a new 10 year Bull Cycle!S&P's weakness in recent weeks has got many thinking that the rally since the March correction is over and that maybe a new round of selling is ahead of us. On such occasions I have found it extremely useful to consult very long-term time-frames (such as the 1M in this instance) and look how similar patterns traded in the past.
As you see on the current study, the current phase we are in resembles the post Black Monday (1987) price action (even though the recovery after the March COVID collapse has been quicker than that of Black Monday's). What preceded the two events is also identical as displayed by the a-b-c-d sequence. After the (d) leg that breached the 1M MA200, a long term bullish cycle started that was interrupted violently by Black Monday. That is very similar to how S&P traded after the 2000 Dot Com crash and subprime collapse (a-b-c-d) leading to a long term bullish cycle that was violently cut by the COVID sell-off. The RSI and LMACD (as we are on the logarithmic scale) also print similar readings.
If history repeats itself, S&P is not ahead of another sell-off but instead has much greater probabilities of being at the very start of a new 10 year Bull Market! Do you agree with that?
Of course it has to be said that there was no pandemic back then nor catastrophic economy lockdowns. But it has to be said that catalysts in Economics may come in different shapes while having the exact same impact/ weight on the market and peoples' psychology. After all it is psychology with fear and greed that is moving the stock markets.
So are you feel we are ahead of a new Bull Cycle or are you selling, expecting a new bearish hit? Feel free to share your work and let me know in the comments section!
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S&P The 0.618 Fibonacci is the keyThe current sequence on S&P has been seen before, in fact in late June. It was again a Channel Down on the 4H chart with the MACD on a somewhat Inverse Head and Shoulders formation.
The June fractal failed to break above the 0.618 Fibonacci and the Channel made one more Lower Low before the smooth and sustainable 2 month bull run took place.
Coincidentally S&P failed to break the 0.618 Fibonacci today and naturally got rejected. It is obvious that this holds the key to a potentially new sustainable rally, otherwise we might see a new Lower Low within the Channel.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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