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S&P500 SITUATION UPDATE| 8 DOLLARS TILL ALL TIME HIGH ON SPY| Me and the boys are mesmerized by this unstoppable "Ride of the Valkyries" against all the laws of physics, economics and common sense, which is in limited supply in the contrast to its name these days. Never before the common phrase "the rich get richer as the poor keep getting poorer" been visualized so brutally, namely: SPY is 8 dollars away from reaching new all time high, coupled with the news of 30% downturn in the GDP. Anyhow, thats what the promise of the unlimited liquidity from the FED means on practice. However, the question is: after the new all time high, whats next? When the market reaches the previous high, which might be somehow justified by front-running the recovery, I fail to come up with any reason to justify the market getting higher than this mark. The economy will recover no sooner than 2021 by the most optimistic predictions. And I am in the camp of those who are convinced that we are to see a massive recession ahead of us. However, I will reiterate my point, which I expressed here before: shorting SPY before a clear bearish signal is outright insane. I hope you all got enough popcorn as this show seems to have no end in sight, completely embracing the Maos formula: the worse the better. The turning point it seems will be the end of the presidential elections, which, no matter the result will give the market some clarity as to the further direction of the US and the World. +It seems like the vaccine will be available by that time too. 4 more months to go till November. Lets see how it goes! Thank you for reading, like and subscribe>> I'll keep you updated!
AMEX:SPYLong
by ProSignalsFx
3
SPX - Rejected off 3200 resistance againSPX500USD for the second time was rejected off 3200 resistance, but not as violent as a first time. First good support is around 3130, ultimate support is 3000, but I doubt it will get this low this time. Cautiously slightly more bearish here 'coz still under resistance. But not rush into positions here. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
OANDA:SPX500USD
by Bitduke
NASDAQ Doesn't Make Any Sense Anymore! But let's earn some moneyWe know it's wrong. We know it's unsustainable. There's a Corona Crisis. There's unsustainable growth. There are huge unemployement issues. Crazy deathrates. Stockmarkets are surging. No, it doesn't make any sense. But to make a decision on this trade when the price hit this support zone so beautifully we have to look at the data. Purely based on technical analysis I expect the price to break out. Okay, we could look at fundamental information like how the technology sector might not be negatively impacted by corona as much as the other sectors. Not just because their products are all online, and people have to arrange their whole life online right now. Also because the people who work for those companies are much more comfortable and capable working from home. But hey, look at other markets that are not technology based. All green. All going up. This doesn't make any sense to me. Let's earn some money. It already tried this level one time before, and only bounced back a little bit. With this second attempt on the resistance the bulls will be stronger and have left many bears behind them. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
TVC:NDQLong
by Trading-Guru
6
SPY and S&P-500 - time for speculative short?TVC:SPX and AMEX:SPY are still forming triangle, and when it breaks we can expect that move in the direction of the breakout would be rather strong. Nevertheless, for low risk entry (though also with much more uncertainty), trade may be attempted right now with stop just above previous high @294 and target as far ~275 area. Again with such tight stop the failure rate is likely to be high, but potential reward is rather huge if succesful
AMEX:SPYShort
by Silvestrov
Big drop incoming. Wave 4 correctionAs you can see, I don't think the world is ending as many have said, although we are about to see the large drop in the market continue into 2020 and possibly for the next year or so. I recommend using the VIX to make some money as that has been working for me because you can profit off of people's overreactions. I have my retirement plans completely in cash until this shakes out and suggest all do the same. If I could put it in gold and silver I would. We will break up to all time highs again most likely, but I don't see any reason to risk it and stay in the market right now. The real crisis will come once we reach wave 5 at the top. That could be a dollar crisis or war of some kind that will bring the market back to fair value like in 99' or 08'.
SP:SPXShort
by MonetaryRebel
Overall view of NAS100 or US markets - Update of June 24thAfter a retest of the resistance zone that carries the high of the year and the all-times high as well, US markets are subjected to selling pressure. Volatility is to be expected at the end of the week with US major news like the initial jobless claim, the GDP annualized or the G20 meeting. NAS100 and its correlated pairs are likely to move to the support zone unless they are brought to @7720.0. Possible targets: @7500.0 (+1200pips or 120.0 per unit) Advice: Stay bearish and sell at any high points while we don't break up the @7720.0 level.
OANDA:NAS100USDShort
by Theperfectionist
Is th NASDAQ, S&P and Economy to experience a HUGE reset soon? This is the NASDAQ graph ranging back from the late 1980's. We are due for a HUGE market correction. Prepare for one of the worst financial and economic crashes the U.S. has ever experienced with the next year or 2. We will see a lot of market upside for the next few months - year. Once this over extended market completes its cycle, phase 5 should take place and as fast and extreme as it went up. Remember that when President Obama was first elected in 2008, the U.S. debt was approx. $8 Trillion. We are currently at about $21.3 Trillion in debt today.
NASDAQ:NDXShort
by KennySniper
5