Spxsignals
SPX Buy levelsPattern: Channel Up on 1D.
Signal: Bullish as long as the S1 and S2 hold.
Target: 2940.
*note: How the support levels (S1, S2) match the Fibonacci retracement levels (0.618, 0.500).
SPX Buy SignalPattern: Channel Down on 1D.
Signal: Bullish as the Lower High broke to the upside.
Target: 2840 initially, medium term extensions include 2870 and 2890 (all 1D Resistances).
*note: buy backs above 2766 for the medium term.
SPX S&P 500 2 Week ForecastTrump wants to win re-election. Trump can’t win if the US economy enters recession.
The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is using the tariffs to tank the stock market now to force the Fed’s hand.
The Fed meets June 19, July 19, and September something. They don’t meet in August. These next two meetings are important.
I believe the SPX will find a temporary bottom right around this first Fed meeting in 2 weeks, for a 3% decline.
If the Fed comes out with a surprise rate cut in June or July this could send the market higher (not much of surprise as probabilities are now at 80% for a rate cut in September but would still be a surprise). If the Fed does nothing I’d expect more selling & finding new support lower.
If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get that low again though...
SPX Sell SignalPattern: Head and Shoulders on 1D.
Signal: Bearish (break out of 2800 and 2785).
Target: 2755.
SPX Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as long as the previous Lower High doesn't break.
Target: 2820.
S&P500, Key Levels to ConsiderAs title states, key price action levels to consider with regards to S&P500
SPX Bullish Megaphone rebound - Buy SignalPattern: Bullish Megaphone on 4H.
Signal: Bullish after the price rebounded exactly on the Higher Low.
Target 2,930 (projected Higher High).
S&P500 Scary fractal. Should we dump stocks?I have put today price action side by side with the September - October 2018 price action. The candle flow is very similar and what follows next scary indeed.
If we see similar development in the first week of April (the candle sequence in the eclipse), the we should get out of stocks! I don't need to mention that what followed was the strongest correction since the subprime mortgage bubble in 2007.
Stay alert and be quick to adjust.
S&P 500 dead cat bounce and collision to 2400 points and lowerWhen talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015 and on Janury/February 2016 being worth 1867 points.
That was mathematically justified peak of S&P price index.
Instead, we had " push" to 2.700 points.
Presumably because Bezos bought Washington post 2013 while calling for buy of his shares.
In practical terms after posting on twitter 15.th of November TA about S&P and NDAQ collision, people were in denial.
However, index value fell from 2723 points bellow 2400 points making 11,5% fall X 24 trillion USD=2676 billion USD loss achieved on SPX from 15.th of November to end of December.
Value of previous drop on SPX surpasses GDP of Germany, France, Italy or Russia.
Now, we have pretty much same situation.
After " dead cat bounce" i am expecting confirmation of 2400 level, therefore i would short it from this position with very narrow s/l placed.
S&P 500 peaked by any parameter.
Stochastic RSI turning against (peaked already) whether daily/weekly basis.
MACD implies for weekly bullish crossover which might cause some kind of pump (therefore S/L is placed very near to 2720 index value).
Having on mind that even current S&P500 index value is actually gifted price for uneducated, i would recommend every shareholder to clear his position in order to avoid buying on " right shoulder"
SPX will continue to make lower highs (probably this one which will retrace back to 2400) points making 2500 billion US dollar loss and right after new lower high and further collision which could actually trigger massive selloff and price dumping whether we are talking about SPX, NDAQ or DJI.
S&P500 index has no healthy grounds for this index value and further fall is imminent all the way down to 1867 points which is 33% additional fall in Index points.
Money which is used for pumping index over " mathematically justified price peak=1867" points could now cause yo yo effect and cause massive reversal and selloff.
As long banks or big holders are willing to pump price, it will be so, but, as time passes, it becomes more and more expensive to maintain artificial price as this one.
Gold and silver are the only safe storage of value.
Everything else will collide.
Good luck to everyone.
SPX500 - Short to the 1800 handle.Since December we have seen a weak rally of price back into an area of resistance with decreasing volume.
A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
Technical Analysis outlook - S&P 500 INDEX - $SPX (SP: SPX ) Sun 13.Jan.2019
Ticker: SP:SPX
LAST= 2,596.26
S&P 500 INDEX movement during the last few days showed a Bullish move, with a recent high price seen on Thu 10.Jan.2019 at 2,597.82.
During the next few days, wait for a more solid signal as the price is expected to try to test the psychological level of 2,600.
But as of now, as long as the price is expected to trade within a band of 2,625.00 - 2,520.00, and the direction of the general trend needs to be considered when the price trades above 2,625.00 or below 2,520.00
Res_2 = 2,653.00
Res_1 = 2,597.90
Sup_1 = 2,542.75
Sup_2 = 2,487.65
