Get started

SP

SP500 a short term outlook 🦐SP500 after the hitting the 3650 area couldn't create new highs. The price is now moving to the lower trendline of the ascending channel. IF the price will break and close below the structure and consequently break the trendline we can set a short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDShort
by InkyGrip
7
Are More Lockdowns Threatening To Crash The Stock Market? (EW)Based on Elliott Wave/NeoWave analysis, the S&P has just broken down from the critical support level and wave-B should be ending now, which means we could begin collapse back towards below the March 2020 lows around 2200. Starting in Feb 2020, we are likely in an expanding or neutral triangle, and wave-C should be bigger than wave-A. Wave-C could last anywhere from 2-4 months, maybe even faster, and could go as low as 2000-2100! With Europe gearing up for stricter lockdowns and the S&P breaking critical support levels, it seems likely that we've begun the next wave down. This will likely drag other markets down as well including crypto, oil, gold, bonds, etc. One of the only things that was strong during the last lockdown was the Dollar. When people can't work they need to sell their assets to pay their bills which causes a short-term liquidity crisis and a strong demand for dollars. Until there's more bailouts, we're likely to see a violent crash that could be worse than February-March as many businesses and individuals are now in a much worse financial position than they were during the first lockdown. Be prepared for chaos over the next few months, especially with the election coming up. As mentioned in previous posts, it seems likely that Trump will win the election, which could give a short-term boost to the market but not likely enough to save us from the lockdown crash. There will probably have to be very large bailouts and a reopening of the economy before we can fully recover from this, and we could see more riots, shortages, and general unrest. There will also probably be more stimulus checks handed out to people at some point. Most likely crypto and gold will recover much faster than other markets as people will be using them to hedge all the money printing and debt the government will be taking on to get us out of this mess that they created.
TVC:SPXShort
by Intuit
24
$SPX #SP500 New all-time highs on Vaccine ProgressLast week I've tried to post this chart, but then I switched off and forgot. As usual, I prefer to keep every single line and details on it. Pfizer and BioNTech announced positive efficacy results from their Phase 3, late-stage study of a potential COVID-19 vaccine. The vaccine candidate was found to be more than 90% effective in preventing COVID-19 in participants without evidence of prior SARS-CoV-2 infection in the first interim efficacy analysis. The results demonstrate that the vaccine can help prevent COVID-19 in the majority of people who receive it. This means one step closer to potentially providing people around the world with a much-needed breakthrough to help bring an end to this global pandemic. This is a first but critical step to deliver a safe and effective vaccine, but again "one step closer" in the testing process. In fundamental terms, nothing new. We've seen positive expectations that are currently driving the markets but the reality is we have no clue if our expectations will be met with reality after all. However, Mr Joe Biden won this election and statistics show the first years of Presidential terms the S&P500 has average gains of 18.6% since 1986, so maybe we have very good news ahead and actually, I do believe the markets are sharply higher because of Biden and Vaccine, and more because of Biden than the vaccine, at the end of the day, whether Biden has a successful plan or not, such a plan is better than nothing or an expected vaccine only, which is many months ahead. The uncertainty isn't over yet, Trump won't concede, perhaps has a card hidden under a sleeve (watermark). In Technicals, the S&P500 broke a nice triangle with an initial reaction (BO) running for new all-time highs but this year we used to see thousands of fake BO, so it won't be rare if the price comes back into the triangle, however, the triangle shapes 388 points that could lead other 388 points up or down. Odds and targets: Long, target 1: 3,677, target 2: 3,910 / 4,000 points. Short, tartget 1: 3,444, target 2: 3,323, target 3: 2,909. Have a good and profitable trading week. Creamlivetrading
TVC:SPX
by wildcreamlife