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Spxshort

SPX recession or depression? Read!Using this helpful indicator we are able to plot past recession on the S&P index. Including the Tech bubble (dot com bubble) in 2000 and the financial crisis in 2008. Now we are in 2020 and we are struck with a worldwide virus, meanwhile disruptive technology is present (blockchain), with the goal to push for a cashless society. Will the virus be the spark that pushes us into a worldwide depression? I don’t know too much about recessions and depressions but feel free to leave a comment with your knowledge, the main thing you need to know is depressions last longer with larger unemployment rates. Will blockchain innovation literally save the world from economic collapse? Feel free to share your thoughts..
TVC:SPXShort
by Bixley
5
SPX, welcome to new recession. Dear Gamblers, I never thought I would make such statement, but I have reasons to believe that coronavirus have just triggered the new recession. Prepare yourselves, this is gonna be painful. Nobody likes to wake up from "the way overvalued market" but it is like it is. Strategy: You can choose whether to say in cash, buy bonds (preferably treasuries) or just short. Bear in mind though that shorting for long periods is expensive, be aware of the fees you will face. I will be shorting SP500 with an INVERSE ETF from 2830 that will be my entry point with stop loss at 3500. This is a risky play, for more conservative investors i would reccomend the two above. I am projecting a 3-4 year crysis. Bear in mind that will be huge, you just have to look governments debt compared to the growth. TIPS TO SURVIVE: Finish soon to pay all your debts, this will smooth the hit. Stay safe, BeniGo ***I am not your financial advisor neither I intend to be, do your own research before puting your money at risk***
SP:SPXShort
by BeniGo
2
SPY / SPX short. Are we in corrective C wave? Or larger A wave?Some possibilities I'm preparing for: We finish wave 5 in the wave C down. Then we bounce from there into a wave 1 up. Or this whole down move is part of a larger A wave down, which means there's a lot more left to fall. I'm kind of thinking the latter, but time will tell. Either way, I'm expecting lots of volatile moves up and down, so I'm managing my positions very closely. Lots of risk but lots opportunity! Good luck everyone.
AMEX:SPYShort
by kidsupervillain
SPX Fails Two Support LinesToday the S&P 500 opened at $3,062 and closed at $2,978 for a -4.4% loss in one trading session and its largest one-day decline in the current pullback from all-time highs last week. Other indices, such as the DOW Jones, saw its largest 1-day decline in history, it's fastest 10% drop in history this week, as well as its worst 6-day performance since 1928, just before the Great Depression. I prefer charting the S&P 500 due to it being a gauge of US economic health as well as it being a more reliable indication of how the overall stock market is performing since it tracks more stocks than the DOW, which is comprised of only the top 30 stocks trading on the market while S&P 500 tracks the top 500. As for the S&P 500 price move today: after holding at the orange uptrend support line on Tuesday and Wednesday price fell below it today and reached the red horizontal support line that I've pointed out as a likely target in previous SPX charts this week. Not only did price reach the red line, but price closed below it which shows the level of bearishness from traders over Covid19 fears; what should have been a level where dip-buyers stepped up to bargain-hunt simply did not manifest. Price pushed lower into the close after briefly attempting to rise mid-day and ended up closing at the low of the day which is bearish and usually an indication of further losses to come on the next trading session(tomorrow). Price has now failed to hold above two key support levels which is further indication of just how bearish traders are right now. Normally you would see some kind of bounce, or relief rally, but all attempts to buy this market are swiftly being wiped out by fearful sellers and rightfully so. I'm waiting for the weekly close tomorrow before writing up a more detailed analysis of the market, but considering the moves in prices this week and the deteriorating Covid19 outlook, it's safe to assume that barring some surprise interest rate cut from the Federal Reserve markets will likely be taking another dip. If all hope of a market rebound is resting on Covid19 conditions improving, here are some recent items of news showing that the situation is getting worse, not better: 8,400 people in California are being monitored after commercial flights: www.marketwatch.com Northern California reports first case of Covid19 not tied to travel: www.livescience.com 700 people in New York being monitored for possible Covid19: www.msn.com California's UC Davis sends exposed workers home: www.modbee.com Trump administration considers using Defense Production Act to expand manufacturing of protective masks: www.reuters.com Netherlands confirms first Covid19 case: thehill.com Iran's vice president has contracted Covid19: thehill.com Saudi Arabia halts travel to Mecca: www.aljazeera.com Pope Francis sick a day after supporting Covid19 sufferers: nypost.com CDC waited days to test California's latest 'Mystery' patient for Covid19: www.nytimes.com I don't foresee many traders wanting to buy tomorrow and hold over the weekend given the news cycle this week and the obviously deteriorating Covid19 situation.
SP:SPXShort
by PrepForProfit
2
When Is The Next Stock Market Crash?First of all, I have zero financial knowledge. I am not educated and finance is not my profession. I barely understand your language. I'm only a technical guy. Looking at charts, I have predicted some possible targets of the next stock market crash. The worst scenario begins around $2600's. Hopefully this never happens. Maybe there's only 1% probability or maybe less. According to my analysis, S&P 500 is more likely going back $2600 any time sooner. And i think AMZN will crash more than 50% Not all my predictions are accurate. Nobody is 100% accurate. But, what if I'm right? Are you ready for that? Here are my targets S&P current price: $3103 / 04-Dec-19 1. 3090 - Already hit and please ignore this 2. 3045 - 1.87% / 01-Nov-19 3. 2925 - 5.73% / 10-Oct-19 4. 2845 - 8.30 / 26-Aug-19 5. 2670 - 13.95% / 30-Jan-19 6. 960 - 69.0% / 23-Jul-09 Disclaimer: This is not financial or investment advice. Trade safe, Atilla Yurtseven
CME_MINI:ES1!Short
by AtillaYurtseven