tntsunrise
Short

SPX500 FINISH THE UP TREND in 1H

FX:SPX500   S&P 500 index of US listed shares
2814 22 90
SPX500             finish the up trend
2nd attempt can't close above 2170

therefore it is good to enter a short trade now.

SL above 2170
Target: 2105
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
summer6
4 months ago
an exciting idea. ^_^
+1 Reply
Julio
4 months ago
just enter now
Reply
Roberto47
4 months ago
Shorting at the moment
Reply
PriceSpeakers
4 months ago
Good trendline, good analysis
Reply
den_
4 months ago
Thanks Jack for your analysis.
Reply
Nawaf6
4 months ago
Thank
Please how you determine that take profit at 2105?

Yours
Reply
FerminNunez
4 months ago
I Think it is a bit pre-mature to short the SPX still has momentum to the upside which could take the index a bit higher I would not go Long, I am looking for a better Short entry
here is the Daily Chart , where the Index made a new high with higher impulse ,but ,the recent events in Turkey might favor the short side
https://www.tradingview.com/chart/HX5RYP81/
Reply
Williamfys
4 months ago
Thanks and good Sell entry:)
Reply
readforex
4 months ago
S&P OVERTHROWN OUT OF TRIANGLE BUT GOING DOWN AFTER
Reply
Juliuszen
4 months ago
It is a wrong call.
+1 Reply
FerminNunez
4 months ago
SPY , 120 mins TF
Has been very quiet , 1 Std Deviation ( volatility ) @ .34 With the VIX @ 12.40 normal value would be .70, volatility is mean regression , expect a drastic move in the following sessions
unfortunately volatility does not predict the direction of the move
Based on Momentum the move should be to the downside

Reply
ReneK
4 months ago
snapshot

People, it's a five wave-structure, it makes al art impulse BEFORE it go down ! And thats why you don,t use support/resistance. " It can't close above 2170 ".. Why is that… give my one good reseon ??
+2 Reply
Trendhopper PRO ReneK
4 months ago
To be fair TNT sunrise didn't have the benefit of knowing what was going to happen, as its clear in past 5 hours that its till bullish...and we can see this now...Im not touching it, it could go anywhere from here...
Reply
ReneK Trendhopper
4 months ago
If you don't know what is going to happen, why put he a chart on tradingview ?
Reply
Trendhopper PRO ReneK
4 months ago
trading is based on probability, charts are just ideas, nobody knows for sure, although TNT is very good at predicting oil and gold, not so good on S & P, look at his results....I find predicting indices is impossbile, as we never know when authorities are printing money , only city/prrofessional traders have this info, looks like a 5 wave now as you say, but you can't guarantee a short after wave 5, indices can stay at high numbers for months, probably best to go with trend on indices if you can find a pullback opportunity.
Reply
ReneK Trendhopper
4 months ago
Trading is based on seeing structure and patterns, if you see that, then you trading. It works at all Charts. Why is someone good in gold or oil ?? You are a good trader, when you apply you're strategy to any chart, not alone for gold or oil. Elliot-wave is the best strategy to trade with, not support/resistance . Yes thats true; after wave 5, he make a big correction and after that he go for 1 wave up. The chart shows what he gonna do.
Reply
Trendhopper PRO ReneK
4 months ago
Elliot wave only works when the waves are obvious and all traders can see them, Im not sure is an obvious 5 wave as you show, reason is wave 4 is sideways, not a correction, it could be a continuation of wave 3....
Reply
Trendhopper PRO Trendhopper
4 months ago
although I support your view price could go to 2200's because this would line up with monthly trendline upper channel
Reply
ReneK Trendhopper
4 months ago
Yes it's possible, he makes a last impulse around 2200
Reply
FBO
4 months ago
are you out ?
+1 Reply
watsonzou26 FBO
4 months ago
If sp500 closes above 2176, must be out. No reason keep shorts, my guess.
+1 Reply
barby73 FBO
4 months ago
another stop it! :(
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out