Looks like a triple top short setup. Fundamentals point to a small crash in June and that will likely trigger programmatic selloffs that crash this beast.
Institutional investors are expecting a crash by a wide margin while retail investors are FOMOing at the mouth. We won't be back here for another year at least.
Green lines are support but decent chance it'll...
Let’s take a step back. What do we see on the bigger picture?
Early and late 2019, we saw two big bull runs after a downwards correction lasting a month.. Both bull runs lasted roughly 5 months.
What did we see in those five months? Very quickly declining buy volumes.
What did we see after there where too little buyers left? A correction downwards lasting...
A quick view on the SPX500 future shows something interesting. It is not rock-solid analysis, but just something fishy that caught my eye and I want to share. Discussions are welcome.
In the last week, we can see two interesting phenomena:
- Big downwards price moves happen with big volume, mostly day time activity(blue)
- Big upwards price moves happen with...
In addition to yesterday’s post ( ) here is my medium-term view on the situation.
I wish we were in a bull run… but we are only in a short-term bull inside a much bigger bear market which started in 2018 (yellow trend line I know that trend lines in a descending market must be drawn on the highs, but not possible due to the megaphone pattern) – note also the...
Here is an easy ta from SPX 500 for next week.
Like my last report about SPX I want to show you support zones, resistances and price targets. Ill try to keep it short and simple.
Last weeks market was driven by tech earnings , Fed decision and reopening economy in US staates. That pushed SPX up to 29 resistance.
Now you can see profit taking and as well...
Just a theory but the last three days have been a pump before a huge drop tomorrow.
Pump on 8 healthy people out of 45 having more antibodies.
Trump through Saudi Arabia pump.
Pump from Pastor Powell during his 60 minute interview on Sunday.
"They" knew market would drop during/after G7 meeting tomorrow and Powell testifying in front of the Senate. The fed...
SPX saw huge move up today back into the supply zone. This zone also lines up with the 61.8 Fib which has been a notable reversal level. I am expecting a move down to the demand zone.
Heres my analysis on SPX500USD before the week gets started.
enjoy a free signal.
trade at your own risk.
SELL
Symbol: SPX500USD
Entry: $2875 (Sell limit)
Best Entry: $2895 (Sell limit)
Stop Loss: $2915 (-400 to -200 pips from B.E.)
Take Profit: $2820 (+550 to +750 pips from B.E.)
Take Profit 2: $2760 (+1150 to +1350...
At controlling candle on 60mins from 12th May prior to sell off, take a short position here and place stop above current day’s high at 2937, entry at 2931, target 2907.
Risk: 6
Reward: 24
R:R 1:4
ES reaches it's 2888.75 objective from the 2812 long on Friday morning. Usually, this is where it would turn, however, Wall Street needs it's fill up here too. And, the end of the channel is in sight. If we continue up, look to 2925 level to sell. It may take some time to do that, similar to other tops. At some point, this whole move up will need to be defended by...
The S&P 500 Index is currently on the rise after filling the first gap at 2775, confluent with the 0.236 retracement of suggested impulse 1 (green count).
If futures remain intact, we are going to gap up and avoid the little GZ here.
The ultimate oscilator (By Larry Williams) shows me a slightly bearish hidden divergence at the 1H and we end the week bellow the clossest equilibrium point between 2869 - 2875 (1H + 4H Kumo's). I put an area line to watch the lower lows price more closely with the vertical lines but the clear thing is, the bulls never break the 2869 - 2875 to the upside. Finally...
SPX has shown it’s bearish strength last 2 days. We went from the 2950 levels - where SPX was battling with the previous high, the Weekly 100 EMA and the Daily 50 EMA – to a new local low of 2765. One can see that the impulse with which the market went down was very convincing.
However, market did not accept the low and traded up super strong after the low was...
I think we will see the pattern I mentioned in the #SPX's weekly chart in many indices in the coming years.. I think that the price movements on the global scale that may be experienced in the indices are gradually becoming clearer..
The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I have stated...
![SPX: [SPX] Prepare for the Reckoning! June is Gonna Be Ugly.](https://s3.tradingview.com/n/N5NycpNc_mid.png "[SPX] Prepare for the Reckoning! June is Gonna Be Ugly.")
