jzucchetto
Short

Time to short SPX! Long-term analysis.

INDEX:SPX   S&P 500 Index
Projection of the market based on long term analysis since 2000. Double top that broke to the upside in May 2013 and has reached the Fibonacci resistance.
pedroscott
2 years ago
I think you are onto something here jzucchetto- altho' the QE FED Quants keeps trumping much of the analysis on the daily time frames- No doubt monthly trend-change based on fibs, and other technical analysis that you have outlined make it look dangerous to be long here. Cogent- imho- Good Luck trading it !!
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PKA
2 years ago
It's 2138. You drew the fibs wrong
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mikeoakster PKA
2 years ago
Agree.
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jangseohee PKA
2 years ago
SPX.. have not touch 1.618 yet?

like this
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mikeoakster jangseohee
2 years ago
If you apply the 1.272 projection, you'll get the 2014 Oct low.
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I think corrections juni have to be or July ....
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JuanAugusto
2 years ago
I agree:
Potential top in SP500
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pascal.lambrecht.522 JuanAugusto
2 years ago
When you think corrections start average. Which date ?? Begin or end June ?
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pezq PRO
2 years ago
No signs of shorting on my radar. The monthly resistance is down at 1600. The daily resistance is at 2088 which was rejected on Friday. Rising because of company buy backs.
+1 Reply
A harsh fact if you truly have spent hard earnt money trading based upon fibo and other fancy stuff, you will likely discover that the fancy toys like fibo and indicators are only great when you look back, not look forward. I doubt many people on tradingview would really understand this point unless they truly went through such experience. Be a trader, not a crayon artist. Trade what you see, not what you predict. What will likely happen to spx is it will pause at 2145, retrace a little, keep flat for several months, and break resistance eventually. The emerging markets will lift everything. Go to see the big picture, not indicator.
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jangseohee SwitchcaseSwitchcase
2 years ago
share you chart please^_^
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jzucchetto SwitchcaseSwitchcase
a year ago
I'm looking for a retracement to 1500 levels for the next year
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Justiceisfalse
2 years ago
Lots of people are looking at that 2125-2140 range as the top. I think that the weekly and monthly divergence is getting to be a little much and I tend to agree that we revisit the 1600 breakout.
snapshot
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pascal.lambrecht.522 Justiceisfalse
2 years ago
When you think we will start corrections I think soon the next weeks we need to start corrections .....
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pascal.lambrecht.522 Justiceisfalse
2 years ago
When you think we see 1700 at sp ?
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Justiceisfalse pascal.lambrecht.522
2 years ago
No idea. Play the price/action.....
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jzucchetto
2 years ago
I posted this chart as an overall market analysis and opinion. I'm not looking at specific resistance number or when to short. This is monthly chart so it means long term investment. I would not be long spx if I was to hold for a few months. I would be short as I see corrections should happen around this level. Trade small, trade often! Happy trading!
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jzucchetto
a year ago
I think for the next year we'll see a downtrend on the market
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