Sp 500 Short Setup Reasoning: -Bearish ABCD Completion -Bearish Shark inside of it -1 Hr Uptrend already looks extended -Bearish Divergence on the Daily -Volume dropping on the daily Market is telling me to sell. Entry Trigger: Aggressive- Sell Limit @ 3026 (Shark Completion 1.13) Conservative- Wait for price to cross the Ema and break trendline...
Hello there As the title of my idea indicates; I am going to place a short position on 2 weeks timeframe on the S&P SP:SPX The main reasons for this action: 1- Divergence between wave 3 and 5. 2- Bullish Candle in 1 & 2 weeks divergency As of when to short; please refer to the below screenshot Happy Trading Everyone ;)
Bearish close but that doesn't mean anything. At some point I think there's a high probability it will retest the ascending trendline.
I believe the markets will experience a minor pullback toward the weekly 50 day SMA levels (silver line) over the next couple of weeks. However, we should recover and move up to new all-time-highs by the end of the year. Current market conditions remind me of the cautiously optimistic sentiment in late-2016. Investors waiting in cash or short the market will feel...
My own indicator the Mojiadoji is flashing panic across the boards .Black Monday is upon us ,the rich will become the beggars ,the fools become the wise . I'll be popping champagne while the Wall st wizz will be popping his head out a 44th storey window surely followed by the rest of his body and a few colleagues that went balls deep in this good times...
We maintain a bearish outlook on the entire market, and are using the 298/299 call credit vertical to assume our bearish position. We are selling the 298 calls while simultaneously longing the 299 calls to execute a risk-defined trade. With a breakeven of 298.37, we make our maximum profit of $37 per contract when the underlying price drops below that of the short...
Some soft of consolidation is required before moving higher up. SPX lost momentum yesterday, was pulled back. We are still seeing bulling movement which might climax on Friday late afternoon (before G20). If G20 summit opens a door for further negotiations between Trump and Xi, we shall see another ATH or at least confirm it. -=Never give up=-
The S&P 500 E-Mini Futures Daily time frame is in an up trend. The market is about +264 Ticks away from the fib extension. I am going to turn to the one hour time frame and will look for counter trend line breaks bullish for potential entries.
Posting a Doji at resistance on the weekly SPX. If we open Monday below 2870 would look like a shooting star, and might create an interesting next week reversal if we get news over the weekend that takes futures lower. Wont take a position until confirmation.
Earnings and Economic Headlines to begin to Replace Geopolitical Concerns? No market-moving geopolitical news overnight and that might be allowing the markets to focus on economic and earnings related headlines. Chip stocks' earnings concerns (read, Broadcom's), China's weak economic numbers, IEA's oil demand outlook, and Gold's rise...these are likely to...
Ive switched my position from bearish to bullish considering the FED delayed interest rate hikes until possibly next year. Possible target for this S&P index is mid $300's. Forming an inverse Head and shoulders with a strong right shoulder compared to the left which is very bullish. Intermediate - bullish (1 year) Macro - bearish (3 -10 years)
WAITING AND WAITING AND WAITING, ARE YOU READY TO AGGRESIVLEY TRADE THIS MARKET?
SPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can...
After further analyzing the trend the S&P 500 continues to find support on this uptrend channel as well as the RSI on the Daily time frame. This leads me to believe that the S&P 500 is going to continue to rally higher. Next Target for me is 2992. This of course is negated if the upwards supporting trend line is broken on both the RSI and the price. Eventually we...
Pattern is uncannily similar to 2007's double top. Waiting for weekly candle to close below to confirm double top. 2020 is not looking good based off this pattern.
Bulls Bears it doesn't matter, I am bullish in the world economy, only way is up think about the 1920s... then the market crashed hard afterwards, would you like to repeat it? and reap the benefits? Stay on your toes fellas, but I think SP500 is about to break out.
The S&P has finally retraced back to the all-time highs! However, there are quite a few Bearish divergences forming in the chart which leads me to believe a larger correction is coming. This possible correction may lead to a potential inverse head and shoulder pattern which in return is Bullish for the macro trend. If we were to retrace back down to the.618 fib...
SPX has trended at a 57 degree angle since the 2008 financial crisis. While trend line theory suggests any stock above a 45 degree angle is troublesome, perhaps the SPX is an exception. However, the current trend we are witnessing is at a 67 degree angle, suggesting a significant pullback is warranted. Take this with the global fundamentals (slowing Europe,...