SPX500 has just retested a nice distribution-zone and could continue to move down after the recent rejection.
Nice- Risk-Reward worth for a try! What do you think?
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After multiple days of trending downwards, the S&P500 reached a key support level at 4450usd that it needs to hold in order to continue the overall upside trend.
If it breaks lower, the target is -7%, so 4138usd.
I`m looking forward to read your opinions on it.
Welcome Hyperspace Travelers,
This is my first public UVXY Macro Time-Series Analysis in a very long time.
This ETF is going to change lives. Of course though, you are going to doubt every word spoken below. Because who would believe such nonsense?! I hear you mate. I here you. :) But let's talk and walk into the unknown for a moment.
VIX is a First Order...
In the last few weeks, weird things are happening. We currently have a positive correlation between the S&P 500 and VIX, basically VIX grows with the S&P500 together.
I used 20 days correlation, currently it's around 0.8, and it's quite high.
Usually, you expect to see it around -1, and it makes sense.
For the last few years, the correlation was above 0 only a...
here is my setup for on S&P500
my expectation is the end of the long up move gonna be from the area A or B
in chart all my SL for both area
make sure to trade with SL
the down move gonna be fast and maybe you will not able to enter the trade
the best way to trade it to wait until you see the first move then you try to have entry on 5060% of reverse wave i...
I just don't get it, we currently have:
Gold at the all-time high
Buffet indicator is at the all-time high (because of a huge GDP drop in Q2 )
But we're only 3% below the all-time high on S&P and VIX is at the lowest levels since Feb.
Something is wrong here, I think we should definitely see another correction. V-shape recovery is too easy for these...
As SPX has been leading the way this week, today was no different. Starting off with some downward pressure seaking liquidity it found some @61.8 level and gave a really nice reaction pushing towards the previous 2 day highs but not closing above. this leads me to believe were going into a bit of a range so im looking for this rally to be short lived and...
S&P as predicted gave some pre market push up before some strong downward force to fill the gap to perfection and giving a beautiful reaction to the 4450 zone 50% level. Im still bearish for the moment looking at the 4420 zone 70% level but main focus is on the 4400-4375 area with the 79%and88% levels where ill be looking for a structured momentum switch.
The Dow Jones Industrial Average and S&P 500 Index just suffered five straight days of losses and their worst weekly performance since wait for it June.
We taking this trade based on TECHNICAL ANAYSIS and FUNAMENTAL ANALYSIS, We expecting the pair to CLOSE...
As the S&P starts to search for liquidity before it can head higher again ill be very interested in the reaction to the 4450 zone with the 50% level accompanied by a GAP. Also interest in the 4420 zone with the 79% level.
It's likely that we will see a little bit of a pullback as we are at the top of the range. The S&P 500 has rallied a bit during the course of the trading session on Thursday before turning around to form a bit of a shooting star. The candlestick of course is very bearish, and it is worth noting that the NASDAQ 100 has formed something along the lines of a “evening...
It is almost over with the S&P’s great run. Our expectation centers around the view that there will be a corrective movement coming it at around 4558 points. Once the course drops to around 4452 points, there will be new opportunities to enter the market.
Good morning traders, as you can see on the chart, we have a buyers squeez which means the market will go short, sell S&P 500 now and get as mus as you can from the market.
As usual TP and SL place them on your own.