The S&P500 is enduring tense economic times with high money injection. If next week S&P500 crosses 2690 a critical support level with high volume ==> It will be bad that may trigger a market selling panic with volume stop losses executed downward. However, if the S&P500 continues its uptrend movement and crosses 2872 with strong volume, the next resistance and...
I believe the market has reached a very strong resistance level and will be going lower for the next few weeks.
I believe that the US500 will be trending lower in the next few days.
Yesterday I said that a small correction could be underway for SP500. The index touched the highlighted sell zone and looks ready to roll back down. My outlook for the global stock market remains very bearish and the only trade that I will take from now on will be sell
Yesterday, SP500, has broken the up trend line support. Now the index is correcting yesterday's drop and goes for a confirmation of the new resistance. A sell trade around 2800 with an SL above 2900 and a TP at 2600 good be a good trade with a 1:2 R:R
A high with a break of the 2,830 mark came after all. 61.8er return was not reached so far. Encircled red A = Encircled red B RSI is turning down. EWO also decreases. CRV = 5.5 to 1 for 36 days is very good.
For the first time since I have memory we'll see 200 months ema becaming a resistance.. Bless
SPX looking ready to roll over back to downside as bear market bullish correction is about played out. Volume profile indicates downside conviction on initial dump down from Feb-March, with increasing volume on the down move, then declining volume on the upward correction currently playing out. Price action is currently at the top of a rising/ascending wedge,...
The SP500 Index just came out from a bevel pattern. The fall in oil prices, may be the catalyst for the fall in the indexes! Be careful
SP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom. I tried to sketch the pattern...
In my last SP500 analysis, I've spoken about the 2900 strong sell zone. The index has reversed exactly from this area and now is trading at 2800 rising trend line support. I believe this support will give up and a drop for SP is imminent. I drop to 2200 is definitively in the cards in the next period, but a new low for this bearish market is not out of the...
We gapped down overnight under the support/resistance line (red) on spy. If we overtake that line today it's certainly bullish, but if we don't - we may start having our move down. Oil collapsing and various downgrades today may shift sentiment, but they can't be counted on. The obvious target on spy is about 248 which would fill the lower gap (pink line)....
Good Day Traders! Here's the trade idea and do let me know if you have any questions! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our S&P500 setup: Rules: 1. SHORT ONLY when price broke down the...
Yesterday SP500 dropped from the strong resistance/sell zone. I believe the downtrend will resume and the index is preparing for another drop. I bearish as long as the price is under 2900 and only a close above would give me a reason to reconsider. Sell rallies can be a good strategy
SPX Risk Range - 12:30:05 (UTC) Tue Apr 14, 2020
My very short term view: 15min candles - we are in the last 5th minor wave of bigger C corrective wave - fib 0,618 is at 2930 - till end ot this week (17-4-2020) the top of the correction...or call it bear market rally should be in (if not..and we close for 3 days in a row above 2930, then something else is going on and this view has to be corrected)