Looking at the SP:SPX 1-month chart, I’m seeing some strong indications pointing at SPX being at the top of a potentially violent crash.
Evidence For – Indicators that Support SPX Being at the Beginning of Crash:
MACD Support Trendline: Broken with Some Distance – In the previous two crashes, the beginning of the crashes coincided with the MACD support...
Since bottoming at 2346.58 on December 26, 2018, S&P 500 (SPX) has rallied 18% in less than 2 months. The structure of the rally appears like an Impulse Elliott Wave structure. An Impulse structure is a 5 waves move. The Index is now within wave ((3)) of the possible 5 waves move from December 26 low. Subdivision of wave ((3)) unfolded as another 5 waves of lower...
SPX is approaching our first resistance at 2817 (78.6% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2616 (38.2% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react...
much overbought in short time
face biggest resistance
market euphori on shutdown and trade talks but nothing is done,is buy the rumour for now..so investor will surely take some rofit sonnest
When talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015...
Since December we have seen a weak rally of price back into an area of resistance with decreasing volume.
A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
I dont need to speak much on this one, please look at the previous data to help find a high probability outcome here.
The world is in a shamble with PLENTY of fundamentals that are not positive right now, the stock market will crash its just a matter of time.
As we can see we have had a nice recovery of 15% which is sitting right at an optimal entry point for...
1. Broke out of wedge.
2. Reached a 0.618 resistance and price got rejected.
3. Volume on the rally up is low in the daily chart. This would possibly mean that the up move is weak.
4. RSI is losing momentum and having slight bearish divergence. Hourly chart shows a stronger bearish divergence.
5.Lower close of previous candle low
6. Good RR.
the pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short
basic chart reading- good for beginner who ant study this basic chart setup
1. AB CD Pattern
2. 0.618 retracement
3. Structure area.
4. Volume on pullback is low
Would love to take this setup anytime. Let's see whether price action reaches this point and how it reacts.
SPX500 have been trading in a narrow range channel - so far it broke the base of the channel, expecting this market to break down which is more probable scenario to me at the moment, but if it doesn't then i am looking the top of the channel for a short trade.
As this market is bearish trending and momentum on all across higher time frames supporting the view, so...
SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2379 (61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin...
SPX is approaching our first resistance at 2508 (100% fibonacci extension, 38.2% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 2375 (61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin...
Hey everyone, we have a confirmed break and close under the neckline of the head and shoulders pattern on the SPX500. What does this mean? Well it means over the next few months we will see weakness in the stock market and movement toward the targeted area.
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