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Sp500idea

SPX Zig Zag ABC for Cycle Wave 4Hi everyone, SPX is currently playing Impulse Intermediate wave 5 of a Main A Wave. Most probable targets for this Wave 5 are 4212 and 3976. Because last Wave 2 (in blue) was very strong, im expected at least a troncated wave 5 at 4212. 4358 (100% of fobonnacci) is the 1st possible Wave 5 target but i would be very surprised if the market makers are not bringing the market down to 4212 because a double bottom would provide us a better bounce back for the next B wave and can at the same time create a bullish divergence on lower timeframes like the 4 hours or 1 day chart. We should not forget that the last january 04rt SPX began a Cycle wave 4 retracement. Here are the most probable targets for this full Cycle Wave 4 Retracement : 0.24% = 3878.24 0.30% = 3643.26 0.382% = 3322.12 0.50% = 2860 0.618% = Golden fib at 2398 We must keep in mind Cycle Wave 2 of SPX was pretty strong in March 200, which make this Cycle Wave 4 more chance to be light. Usually most probable target for a W4 is in between 0.3% and 0.5%. With inflation currently slowly stablizing a little , 3643.26 or even 3878.24 are on the table and pretty realistic. For now im projecting the next B Wave in between 4443.89 and 4729.88.
SP:SPX
by Crypto_Mercy
S&P500: “Excellent…”“Excellent…”, we mutter slowly, steepling our fingertips while watching S&P500 move. In an exemplary manner, the index has finalized wave in turquoise in our turquoise target zone and is now in the middle of the countermovement we predicted. However, other than Mr. Burns from “The Simpsons”, whose trademark expression we borrow here, our next plan for the index is not evil. After it has completed the current countermovement with wave in turquoise within the lower turquoise strip between 4463 and 4426 points, we expect S&P500 to rise until the upper edge of the green zone between 4599 and 4675 points or even higher until the upper turquoise strip between 4683 and 4710 points above to finish wave in turquoise as well as wave 3 in green. Still, there is a 30% chance that S&P500 does not abide by our primary plan and makes a detour below 4230 points instead. In that case, the index should fall into the magenta zone between 4126 and 4035 points before rising up again. If it manages to get back above 4230 points, a long-term rise is imminent.
CME_MINI:ES1!Long
by MarketIntel
SP500 Monthly Chart ShortHi All SP500 is super high at the moment, since 2021 started we didn't see some big down move since the FED is pump support. All my tools show me that this month need to end a Red Monthly candle or at least be the last small blue, I add this trade since it's a safe one that can hold a sneak attack if come, you can split your positions to short every 16 points of an up move (X9 pending orders) and take profit when falling 64 points, close only 70% and let the 30% run to take profit 1+2. Or keep it simple and just do like the photo show. Trade small size so you don't risk too much, this is my idea anyway.
CME_MINI:ES1!Short
by StudyWallStreet
2
SP500 Lifetime OpportunityHi there, SP500 at the moment is a clear buy with target above 4000 If we pay attention to the DXY chart, we are starting a uptrend but still on sideways moment, which SP500 due to many retails shorting it, has been making new highs every week, as long as dollar is weak it will keep doing it, but dollar is soon ending this sideways market to start an uptrend. SP500 then will top at that moment If we look at the elliot wave theory, we are in the final phase, Blow off, close to a top to begin then a new trend. This is a long term view, if your looking to sell it, sell only at the mentioned wave 5, near it. Good luck
U
by fernandoc17
9
SPX's P/E Probability game Average crash 42 % Median crash 37 %All Major crashes since 1902: ------------------------------------------------------------------------------------- Year % Crash P/E@ Beg. P/E@ End Days lasted 2020 35 % 26 19 28 2007 57% 21 120 490 2000 50% 27 29!!! 763 1987 36% 21 13.7 28 1980 28% 9 9 609 1973 49% 18 7 609 1968 37% 18 13 483 1961 29% 22 16 147 1937 57% 16 8 1855 1929 84% 18 9 973 1916 37% 7 !!! 14! 1708 1909 28% 13.65 14.54 1764 1906 37% 13 9 637 1902 29 14 11 364 -------------------------------------------------------------------------------- Extra Info: All reading Above 21 P/E ------------------------------------------- April, 19 - Presents March, 15 - October, 18 crash November, 07 November , 09 crash June , 97 January , 04 bull August, 91 November, 93 bull July 87 July 87 crash March, 61 November 61 crash April 46 July 46 crash May 33 March 34 correction October 21 December 21 bull -------------------------------------- statistic wise, 66.33 we will crash/correct 33.33 bull market (Excluding present time) ---------------------------------------------------------------------------------------- Tips: ***Only 2 times in history we got reading as high as now. 1/ Current reading is 37 P/E 2/ similar reading A. October , 2008- December 2009 End of a crash B. October 2001 - May 2002 last 1/3 of a crash ----------------------------------------------------------------------------------------- summary: Probability game is : Average crash 42 % Median crash 37 %
SP:SPX
by samitrading
2
S&P500 - The "Mayan Calendar" Chart Fearing an upcoming crash / correction I've been looking at all the key indexes etc, and this was one of my earlier explorations using Fibonacci. I look at this chart with a large pinch of salt, more a fascinating oddity than something scientific (maybe!), but I do find all the correlations very interesting. Ultimately this connects well with my Vix & Gold charts in regards to overall cycles so I do pay attention to this and it's progression. Time will tell! Enjoy this "Mayan Calendar" chart as it was jestingly called on Twitter ;)
TVC:SPXShort
by TheDarkEconomist
S&P 500 BROKE AND RETEST PLAY - UpdateSP 500 Has managed to broke the upside trendline yesterday.From 3212.00 level it has rejected twice and makes a minor double bottom pattern and bounced after the primary touch in lower trendline.And managed broke the upside barrier we are expecting broke and Retest towards the lowerside support level comes around 3277.00 which is coordinating with trendline.From this level we can expect some buying activities and the potential target would be 3450.00 within this range 50% Fibonacci retracement level will act as testing ground for both the bull and bear The bigger dissimilar falling wedge pattern has formed too which is a clear sign of bulls taking some rest to move further towards north..It's a September midterm correction as the end starts the Bull is awake and ready to bounce back towards 3600.00 USA Presidential election will Influence the direction of market we can expect unusual market volatility in coming days Give a like if u love our work..
ULong
by forexorbit
It's Monday, not doomsday! ☕ Starting the week, the S&P500 continues the primary expectation and reaches the first target area for the current decline. On Sunday, the U.S. reported 32,186 new coronavirus cases, and several European countries have also seen a steady increase in COVID 19 cases over the past 24 hours spreading pessimism amongst investors. The World Health Organization predicts that daily coronavirus deaths in Europe will increase in October and November, raising concerns about a possible second lockdown in Europe. Meanwhile, several major banks have reportedly transferred large amounts of illegal funds over a period of almost two decades. HSBC, JPMorgan, Deutsche Bank, Standard Chartered, and Bank of New York Mellon are among the banks involved in the report. The minimum target for the current decline remains within the range of 3200 points. Below 3049 points, the way is paved for significantly lower quotations in the range of 2800 points. Since we expect new all-time highs in the long term, we will use the current drop to open long positions and thus position ourselves for the next rally. In conclusion, we expect the current drop to reach the area of 3200 points before a bounce can be expected. We give the alternative scenario a 38% probability. The primary expectation remains that the index will reach a lower level of 2800 points, which is confirmed below 3049 points. However, in both scenarios, we expect at least a corrective bounce from the yellow target box, which will push the market back up towards 3440 points. Grab some coffee, be awesome, and enjoy your trading day!
OANDA:SPX500USDShort
by MarketIntel
2