SPXUSD
Kill Zone Reversal Possibility on SPXAs SPX approaches the previously un-violated overhead resistance trend-line (in green)...SPX seems to have bounced. This means that the overhead resistance is now acting as support. Of course there are always two scenarios (it will go up or it will go down), however, The breaks to either the upside or downside are significant in their interpretation.
First, if the SPX continues to bounce off of this support and go higher, this is an extremely bullish outcome. Why? Because SPX will have successfully completed a "kill zone reversal." The kill zone is the green circle on the chart. A kill zone reversal is significant because it shows that a majority of market participants bought at or near the green overhead resistance when it broke the first time. Thus, they will probably not be selling near it anytime soon and the market will continue up. If SPX goes below the green trend-line, this is a bearish indication, as the support broke and there are no close resistance levels.
In short, if the green trend-line holds, then buy SPX calls. This is a shorter term trade until further confirmation. (1 week exp)
If the green trend-line breaks down, sell SPX calls. This is also a short term trade until further confirmation. (1 week exp)
For the short term I have a more bullish sentiment based purely on technicals. Fundamentally, this should be headed back down to 2900-2800 levels because of China trade talk fears.
Good Luck!
S&P 500: How does Wall Street smell a Rat ?How does Wall Street smell a Rat ?..
... I'd say like this!
SPXUSD SHORT (S&P500)SPXUSD(S&P500) SELL
ENTRY 1 3072
Entry 2 3074
SL 3077.19
TP.1 3064
TP.2 3058
Tp.3 3054.50
Tp.4 3047
TIME approaching 1 to 1 ratio.CPCE put/call ratio, SPX/VIX ratio and CNN fear/greed index all close to previous highs. Watching to see if the high-low-high time equality marks a significant top.
SPX500 (SPX) SHORTS&P500 sell
Entry 1 3048.50
Entry 2 3051
Sl 3054.79
Tp.1 3043.50
Tp.2 3037
Tp.3 3033.50
Tp.4 3025
TOP 5. Issue 12 from 27.10.2019Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals.
These include: SPX , Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB .
If you like what you see, please fell free to hit the Like bottom and leave your comments.
Disclaimer:
By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
SPX Bearish Divergence on the DailyYou hear that? Shhhh quiet, it's the sound of RSI is trying to tell us something. What is it trying to saying though?
As you can see on my chart, which is admittedly not as colorful as some others on TradingView, the green uptrend line represents overhead resistance which has been respected since 2018.
If we draw a similar line on the RSI we notice what is called "bearish divergence."
Bearish Divergence in the RSI is characterized by a negative relationship between RSI and Price. Meaning that when Price is going up, RSI is going down.
What does this mean for the market and the people participating? It means that investors are becoming less and less convinced of continued rallies.
Less people, or rather volume , are entering into these rallies compared to 2018.
In my view, bearish divergence has always been a great predictor of future occurrence.
Short Term=Neutral
Long Term=Bearis
SPX Bearish Divergence on the DailyYou hear that? Shhhh quiet, it's the sound of RSI is trying to tell us something. What is it trying to saying though?
As you can see on my chart, which is admittedly not as colorful as some others on TradingView, the green uptrend line represents overhead resistance which has been respected since 2018.
If we draw a similar line on the RSI we notice what is called "bearish divergence."
Bearish Divergence in the RSI is characterized by a negative relationship between RSI and Price. Meaning that when Price is going up, RSI is going down.
What does this mean for the market and the people participating? It means that investors are becoming less and less convinced of continued rallies.
Less people, or rather volume, are entering into these rallies compared to 2018.
In my view, bearish divergence has always been a great predictor of future occurrence.
Short Term=Neutral
Long Term=Bearish
S&P 500: Sell on breakdown There is a nice flag shaped and it was broken down and retested.
Watch breakdown of 2992 for further drop.
Stop 3003
TP 2962
S&P 500: Could tag former top R/R 1:4.2 We could be in the last wave up to complete the wave Y of double three WXY.
Former top is the target.
Price broke out of the wave 4 correction and is heading higher now.
Trying to catch the downside on S&P500 This structure under the trend line looks like a correction, also there is a low possibility for crawling up before the big move down
Short US500Price has broken out of consolidation after forming a double top and bouncing off the 200EMA. Waiting for a close below the 8 and 50EMA to lead the path further down for the asset to retest its previous lows.
SPX 1D fractal research-- Will history repeat itself? Stochastic 'W' Time segmented volume pump and dump, and VWAP-- all similar to previous market correction.
Very good time to hedge your positions.
