Bearish Flag Pattern Setup on SPX, Target at 4320Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The S&P 500 Index (SPX) appears to be in a bearish flag pattern setup. This continuation pattern is seen with the 1st leg of declines from all time highs to a low around 4430. SPX consolidated a bit and now is attempting to break below the 4430 support. Completion of this setup should take SPX towards 4320.
Technical Indicators
SPX is currently trading below its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. There have been negative crossovers on the short and medium as well as the medium- and long-term MAs, adding to the bearish nature of the pattern setup. Also, the RSI is trading below 50 and the KST is in a negative zone.
Recommendation
The recommendation will be to go short at market, with a stop loss at 4525 and a target of 4320. This produces a risk/reward ratio of 1.64.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to SPX.
Stockmarkets
SPX500USD 20% COIRRECTION IN PLAYThis is an update for the previous chart.
A Rising Wedge formed in November 2020, you can see that it has broken to the downside with a target retracement of 20% medium term.
I opened up a short as soon as we broke the trend, one can play through each level of S & R seen on the charts.
3640 is the target for 20% downside.
Buy resistance, sell support. NFA.
Safe trading.
Watch SnP500 (SPX) Closely For WeaknessTraders & Investors, SnP500 is standing at a critical level and is hanging by a thread. If this trend line is broken, there will be a danger of overall longer term wedge pattern to be broken too. 200 SMA is well below nearly 8% below the current levels. So watch out for stocks such as Google, Netflix, Facebook, Apple and Amazon for weakness in individual stocks. Or monitor FAANG stocks index. Any trigger can cause a minor correction (relatively bigger to the recent previous ones) here.
Also remember that all major legs either up or down start with a smaller leg first. So do not think that it can not go down lower than 8%. There are no high enough and low enough in markets. Remember if SnP500 has reached here, it can go down too. Remember USOIL not so long ago as an example ? :)
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums.
✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
BUY ADMP 14/9/2021Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 1.56 stop loss .85 Good luck
Buy EXPD 13/9/2021Stock is moving in an uptrend direction It tests the EXMA 13 and EXMA 34 So you can buy target 132 stop losses 120.3 Good luck
Buy KSU 9/9/2021Stock is moving in an uptrend direction
It tests the EXMA 13 and EXMA 34
So you can buy target 315.5 stop losses 281.5
Good luck
buy GBL 9/7/2021Stock is moving in an uptrend direction
It tests the EXMA 13 and 34
Trading volumes increase with rises
So you can buy target 29.4 stop losses 25
Good luck
Can Netflix find TP today❓🎯Entry details are shown on the chart.
Working the H1 time frame on this strategy.
We're only looking for TP3.
Stock ideas is something I'll be covering more going forward.
Can Netflix find the TP target today? We'll see.
Previous trades shown on chart for reference.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
AMC - [BEARISH]- Death Cross!For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here. However, if we get a Golden Cross and we see a Volume spike again, then it's time to start paying attention again. Until then, look elsewhere. Nothing to see here.
S&P500 bullish flagHi followers, bullish flag on S&P500 is good for Bitcoin
The US stock market and Bitcoin are moving in correlations most of the time.
Right now we see very bullish formation on the S&P500, bullish daily flag, which suggests higher highs. Meanwhile Bitcoin is rallying and showing strength, those behaviors considered positive for the short-medium term.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share!
❗❗❗
Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
IEA [Infrastructure & Energy Alternatives Inc] BULLISHI mainly focus on technicals. If the fundamentals look good to you and you are in on IEA, this is a prime time to pick up some shares in my opinion. Bottom of the trend channel, volume picking up and momentum up. I also charted some key areas to take profits for swing trading.
Why Is The Stock Market So Difficult To Predict?━━━━━━━━━━━━━
Let’s assume stock prices have been rising for several years. Investors realize that a correction will come and stock prices will tumble. What we don’t understand is what will trigger the selloff or exactly when it will occur. Therefore, some investors will sit on the sidelines holding cash, waiting for the opportune time to get in. Those who are willing to assume the risk may jump in because the return on cash is so low and it hurts to earn zero while watching stocks move higher. This begs a couple of key questions. If you’re on the sidelines, how will you know when to get in? If you’re already in, how will you know when it’s time to get out? If the stock market was predictable, these questions could easily be answered. However, it is not. There are actually three issues an investor should consider. The first is understanding the point at which stock prices are fairly valued. The second issue is the event that will cause a downturn
What is Stock Valuation ? Stock Valuation
━━━━━━━━━━━━━
The actual price of a stock is determined by market activity. When making the decision to buy or sell, the investor will often compare a stock’s actual price to its fair value. For example, if a stock is trading at $30 per share and its fair value is $35, it may be worth purchasing. Conversely, if it trades at $30 but its fair value is $25, the stock would be considered overvalued and the investor would be wise to avoid it. What is a stock’s fair value and how do you calculate it? Ideally, it would be based on some standardized formula. However, there are many ways to derive this figure. One method is to combine the value of a company’s assets on its balance sheet, minus depreciation and liabilities. Another is to determine its intrinsic value, which is the net present value of a company’s future earnings. We have briefly discussed two methods. There are a number of others. Because the methods yield a slightly different result, it’s sometimes difficult to know if a stock is overvalued, undervalued, or fairly valued. And even if it is overvalued, that doesn’t mean investors will suddenly sell and the price will fall.