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S&P 500 Triple TopThis is the same thing everyone is looking at, which is why I would be hesitant to put on too large of a short order. A triple top is showing on the chart, and by now everyone and the mother is expecting some sort of retrace/downturn. At the very least I expect some high volatility sessions similar to Q4 of 2018 (see: green circle). Targeting Fibonacci levels as we can see historically they have presented our pivot points almost on the nose. Look toward 2800, 2715 and 2640. It is not clear whether we will see the kinda of crash we saw last year, but a volatile trading environment is expected regardless. A strong break of ATH will invalidate this idea as we will be in price discovery mode.
SP:SPXShort
by DefineRisk
1
S&P500 ALL TIME HIGH IS CLOSE!Hey! It's time for a brand new S&P500 analysis. S&P500 is having a very nice bull train going on and It will continue. All time high on S&P500 has been 2940 points but we will take it a little further. NOTICE: YELLOW LINE : Broken trendline in the middle of the other two. RED LINE : The bottom trendline which is the current support IF S&P500 falls. LIGHT LINE : Current resistance level. It shows that we will probably end up having 2950 points at least on S&P500. ORANGE LINE : The current goal for every trader there is. Usually when a secure brokes all time high It will go down. If we reach 2940-2950 points I would suggest to short S&P500. DARK BLUE : The current horizontal support level. ( This is more likely to happen rather than RED LINE ) The only indicator I'm having in this chart is EMA15 which comes from the lower part of the candle which means we're still bullish. Pst. Click that follow button by the way! ;) See you soon! -JJ-
SP:SPX
by UnknownUnicorn3848732
SPX: Europe is kindly ushering in the next depressionRead an article this morning on how tech companies having many european constituents are lagging in decline of their stock price compared to tech companies having many chinese constituents by about 4:1. The article argued that the timing of this lag could result in a disastrous tech bubble here in America. This inspired me to checkout SPX in terms of euros, i.e., SPX*EURUSD. For EW believers, the chart provides a strong indication of how bearish the monster knocking on America’s door is. FYI: EW count reveals a failed Wave 3 (came in under 1.68 Fib extension of W1) followed by the typical extended fifth seen in such scenarios (1-1.68 Fib extension of length from beginning of W1 to end of W3).
SP:SPXShort
by Teklologist
SPXUSD (SNP500 / SPX) - Diagonal (Wedge) - SEELL ORDERS* If you like this free video and the idea itself, please remember to support me with a like or share, so I can produce more frequent contents such as this one. Thank you! * Related ideas show how I was able to call the BIG drops in 2018. Analysis Summary: Scenario 1: Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the next Bull Market run, before the Market Crash. In this scenario, a deep pull-back should take place until the 50-61.8% Fibonacci Retracements. Fibonacci Extensions from Minors A&B (Minor C projection) are synchronizing with the Wedge Formation towards 2885.00 levels, but also with the joining Bearish Divergence. Scenario 2: SPX ( SPXUSD ) Alternate Count (turquoise) has been labeled in an Impulse which presents an Extension in Minor 3 (turquoise). This scenario puts SPX ( SPXUSD ) in a Minor 4 (turquoise) correction, which should honor the 23.6% or 38.2% Fibonacci Retracements of Minor 3 (turquoise). Decision: Scenario 1 is the preferred outcome and this is because the rising wedge does not belong in Minor 3. * Both scenarios imply a bearish sequence as the next structure. SPXUSD (SPX) - SELL ORDERS Aggressive Entry @ 2885.00 with SL @ 2965.00 Moderate Entry @ 2915.00 with SL @ 2965.00 Conservative Entry @ 2980.00 with SL @ 3050.00 TP @ 2800.00 / 2750.00 / 2600.00 / 2550.00 SPX - 4H Chart snapshot * This idea is to be treated as simple Market commentary and not as an immediate investment advice. Trade with care! Many pips ahead! Richard
FOREXCOM:SPX500Short
by Lionheart-EWA
Long if We Surpass Records, Short if We CantThe S&P 500 is flirting with record highs again after a major correction last December which only missed becoming a bear market by a marginal amount ending just shy of down 20 percent. Going on to the 11th year in the bull market, investors should then take a look at where we could be and a few signals to determine where we are headed which can be found on Daily FX’s Discovery to Deflation chart. If you follow the S&P 500 then you will notice that recent price action interestingly resembles areas around the the blow-off and transition phase. However, the problem with this road map is that we simply do not know where we are in the cycle. As of right now, either we are in between the bear-trap and renewed optimism, or we are between a bull-trap and THE lower-high or the final lower-high before a massive downturn (hence emphasizing ‘the’). If we look at the S&P 500 and the above chart, we can see where these levels could be. Since this is the case, we are forced to look at some other signals. First, volume on average has been a noticeable step lower ever since December 2018 on either of the bull or bear side. Second, while the consecutive candle count shows a recent uptick in consecutive up days, the down days are much more volatile. In other words, it only took a few down days to correct almost 20 percent and three months to gain it back. In spite of this, while the downward volatility is extreme so too is the upward momentum. A near 20 percent gain in three months is incredible for any asset. Most mutual and hedge funds would be happy with 20 percent returns over 3 years let alone over 3 months. In other words, price action is incredibly choppy. Where are markets this choppy? Usually at the end of a bull cycle during what’s referred to as the distribution phase. Yes, choppiness occurs during public participation phase as well, but the public participation phase occurs mid-cycle and not after ten years. There could potentially be what has been referred to as an elongated cycle. This is possible, but lacks precedent in the United States as the current bull market is now the oldest bull market in history coming in at 10 years. Overall, a bearish view is not just predicated on these cyclical theories. We know global growth is already slowing. Germany just barely avoided recession this year while Italy is already in one. China may be in recession as well, but we wouldn’t know because they manipulate their data to such an extreme. Capital inflows into markets are significantly lower since the bull run began in 2009. Interest rates across the world are at 0 while the only hawkish central bank, the Fed, has reversed course on fears of the global growth slowdown. A common truism in trading is “Don’t short support, don’t buy resistance.” Maybe we can reach more record highs, but let’s not go all in until we can pass the current ones. If we don’t and pass below December’s levels, then markets will start to panic and you should too if you’re still in stocks by then.
SP:SPX
by WhiskeyTangoFoxtrot3
97% Bullish Sentiment--04/05/19 Morning NotesIf you like our post and would like to continue seeing them, please help us grow our network-Thanks You!! 1.) like our post with a thumbs up (each post) 2.) follow us-you will be alerted via email with each post we enter 3.) leave a comment (It could be as simple as Thanks) (each post) Morning Notes 04/05/19 Sentiment Timing Trading Environment-Short Term: Current Environment-Neutral/Bearish Hi Everyone, Futures are getting a little pop from the job numbers this morning, but not a crazy gap higher like we have seen in the previous sessions. Nothing has changed and I am not going to beat a dead horse here. Buy at your own risk! Short term, the predictive analytics model is within the bearish stage, with the back end of the range approaching shortly. Once that hits, it will be bearish for the short term and the intermediate term, will remain cautiously bullish, but that is not a reason to buy up here. I am still looking for the 130-170 point pullback that could start anywhere up here and any day as well. I like the short side from 2885-2905 with a stop above 2920. The range SPX range for today is 2885 high and 2880 low. A break of 2885 the spx should try for 2896/2900. A push below 2880 we could see 2873/2852. G SPX CASH 60 minute technicals Stochastics: Overbought Divergences- Bearish Divergences Resistance Levels: R1-2885 R2-2896 R3 2900 Support Levels: S1-2880 S2-2873 S3 2852 Trending Pivots: Neutral/Higher
SP:SPXShort
by sentimenttiming
3
Panic if SPX500 Does not Bust Through Record HighsNot a perfect pattern, but few are. If the SPX500 does not reach record highs and does not go beyond those record highs with strong conviction, then it will suffer from the exact same chart pattern DJI did right before the 2008 Financial Crisis. If price action starts to move down then we would be witnessing a large head and shoulders pattern right into a financial crash or at the very least a large correction. We already know a recession is coming sometime in the upcoming year, but the question is when. However, that does not mean I am saying this pattern will form. I'm just saying its possible. And if it starts to form, be very very careful. Also by the way, volume is super f word low right now probably indicating most traders are skeptical as to why they should buy at such high levels. It is the second lowest level of volume since 2006 with the lowest level of volume since 2006 only occurring last year. Big red flag guys and gals. Too expensive for many. Expect institutional traders to attempt to unload their positions that they too believe are probably too expensive.
SP:SPX
by WhiskeyTangoFoxtrot3
SPX Proejcted DownturnAny momentum oscillator that is thrown against this chart shows bearish bias (MACD, RSI, etc.). There is a huge divergence in momentum from the previous highs. Using anchored fib the zone of a probable pullback can be established and is shown in the chart. I expect the S&P to enter into the 2500 area before a resumption of uptrend can continue. Some artificial inflation could also be at work prolonging the correction and potentially making the initial drop more sudden and floor-falls-out-ish! Caution near the highs... Huge Elliott Wave and fib resistance level. Play the pullback into May and then look to go long through the rest of the year.
SP:SPXShort
by M2Capital
DROP IT LIKE ITS HOT ;PGet ready for another drop, you can see where price entered our zone and bounced... price has now re visited this again and now its kicking out time at the bar haha. We are expecting price to make further movement to the downside after price has had a little bullish run to recover from the drop that happened the other day, our overall outlook is bearish on this anyway as stocks are weakening and so is the economy. Jump on and thank us later... mine is a vodka and redbull ;p
SP:SPXShort
by ApexFX_Pro
5