The Standard and Poor's Index (S&P500 / SPX) has been on a strong correction these past roughly 6 months. For that reason, we present this analysis on the 6M time-frame, where every candle represents 6 months of price action.
** The RSI indicating where we are **
It is not a surprise that the current one is in deep red as its whole price action has been the...
As Equity Markets fall further we can see a clear example of scaling in to the market.
7 Weeks straight down. NOW you should be thinking long.
Prices get hit lower and we like to get IN. Reflect on market sentiment and current value.
So I wanted to get all my current thinking down in one idea and where I think markets are heading.
First off I have no crystal ball and this may end up totally wrong but I'm perhaps confident/delusional.
>Bonds vs high inflation are garbage - example 4% yield vs 9% inflation = -5% on your purchasing power (If you don't understand this work it...
I was asked, why I think dealer selling will abate at strikes lower than 3800. Let me explain the thinking behind it and consider the charts above. The answer comes at the end of this piece :).
Assume a simplified model, where option dealers buy calls and sell puts.
Both positions are long positions (delta positive), so the dealer has to sell futures against...
Asian markets closed deep in the red, with the Nikkei down 1.9 percent and the Hang Seng down 2.5 percent, while over in Europe the Euro Stoxx 50 is down 1.0 percent and the S&P 500 is down 0.9 percent at 3880 points in the US
In general markets remain concerned that the Fed might push the US into a recession due to their hawkish rhetoric, and...
Did you know that people who run businesses are allowed to trade stocks and other types of assets? That's right: Elon Musk can buy and sell shares of Tesla . He might decide to buy Tesla before announcing great earnings , or releasing a new model of his car. Conversely, he might decide to sell Tesla if he is planning on tweeting "Tesla is a bit overvalued imo"...
the direction will down because made a closing 4h candle under 4045
so now will start to reach 4002 for the first station and also after that in there we will see the market
if break this zone again will crush down
but its possible to make retract then again to down
Hello traders and investors! Let’s see how the SPX is doing today!
First, it crashed a lot yesterday, losing the 21 ema, frustrating any possible bullish reaction. Right now, we don’t see any reversal sign, and there’s nothing indicating that the index could recover from here. However, it is not all bad.
If the SPX keeps dropping, we have a support at 3,858,...
The Battle of 3855 (3854.90, to be precise)
The 20% down level for the S&P 500 Index from its all time high of 4818.62 comes in at 3854.90, which is yet to be breached. After testing the session low at 3858.87 (3855 on the e-mini futures) last Thursday, 05/12, the index rebounded from that level. With yesterday's meltdown evaporating most of those gains, expect...
The S&P 500 lost four percent today in a fast but surprisingly orderly retreat. The worst losses were accumulated by the consumer discretionary (-6.6%) and consumer staples (-6.4%) sectors after Target (24.9%) fueled margin concerns this morning.
The VIX finally gained some momentum again and closed 4.8 points higher at 40 percent, but the pop was still muted...
The S&P 500 declined 0.5 percent on Thursday in a choppy, back-and-forth session, as the underlying growth concerns pressured sentiment.
Reviewing today’s economic data:
1) Initial claims increased by 21K to 218K (consensus 200K). OVerall the number is not concerning, but nevertheless relative to expectations it was a disappointment.
2) Existing home sales...
I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.