For several months the SPX has had a 42 trading day cycle. The next bottom is due 02/04/20.
If the Elliott wave count is correct the supposed Minute wave "iv"-boxed will be equal in time to the supposed Minute wave "ii"-boxed on 02/04/20.
Mark
S&P has been trading inside a 4H Channel Up (RSI = 50.132, MACD = 13.590, ADX = 48.232) with the 4H MA50 (blue line) supporting. The negative fundamentals (China virus, disappointing earnings) ahead of the Fed Interest Rate Decision this Wednesday, can make investors sell initially (and ask questions later).
There is a strong break out level to consider and that...
Hi pros !
Price broke the ascending channel mean a possible
trend reversal here.
The possible scenario
is the price will aim
3220 before pullbacking to 3290
and then falling sharply to 3040 or even 2850
There is an insolent R:R ratio on the short
after pullback
could be between 1:20 and 1:50
We have already mentioned that the S & P500 major rally started 57 weeks ago :
We are now facing a tough sale.
So which sectors were traded on the index or discounted in this process?
You can view them from the terminal.
I would like to write the sectors that remain inexpensive so that when we return to the favorable...
We have already mentioned that the S & P500 major rally started 57 weeks ago.
From this rise, Japan, England, Australia, China,
Hong Kong, India,
Norway, Sweden, Singapore, Turkey, South Africa, Spain Exchanges We observe that the U.S Dollar based Indices on the terminal.
But it should not be forgotten that:
these...
After Friday's aggressive selling market sold off more during overnight session.
However, there seems to be some buying this morning which could be an indication of buyers at certain level.
Need to see a test of overnight session Low's and bulls defending for a rally.
Level to watch 3235 --- 3237
Report to be aware of :
US:New Home Sales
10:00 AM ET
My Position:
Last TA I published on the S&P we had just announced a phase 1 trade deal had been reached with China. It was great timing as we need a push to get us out of the bottom sub channel we have been stuck in as we were reaching that resistance again for a 3rd time over the last year. I entered the market using slightly out of the money call options for a...
We are in the 57th week after a strong rally starts at S&P 500:
In these 57 weeks, the S&P 500 index gained about 30.6%.
Major commodities other than Natural Gas have taken their share from this value gain.
We observe that Japanese Yen positions are starting to increase.
There is very little position increase in Euro,...
We have already mentioned that the S & P500 major rally started 57 weeks ago.
So what is the situation in the future markets in these 57 weeks?
What are the positions of positions?
In particular, we see that Euro and Australian Dollar currencies are in decline despite the 57-week rally, the Australian Dollar is an...
We could still face a huge recession for world economy. Why?
1) Corono virus fear as ignition
2) US Bond yield Y2 - Y10 invertation 2019, now following invitation even in max Repo times.
3) FED balance sheet reached after 2008 crisis volume.
4) Significant stocks like TSLA and AAPL are massive overbought in under 6 months. Not equal of earnings forecast in any...
SPX is reacting n testing with historical numbers of fibonacci sequence.
We are not fond of fibonacci number, but nothing explain better about expansion n contraction of value in term of numbering.
DISCLAIMER
This is not investment advice. Trading entry need more research and real-time confirmation.
*Please do comment n follow me for more educational...
As long as the S&P500 stays under 3335 price level there is a danger of a bigger correction which could play out. There pullbacks in the S&P500 on smaller timeframes can be used for short positioning at the moment, since we do got a valid signal in the weekly price action signaling us at least a brief correction over the next couple of weeks. Please watch my last...
We broke back through it to the downside!
Also Since the October low we have now broke to the downside below that trend line as well!
All Thoughts are welcome.
Thank You
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts and comparing the trades against the trading levels published in the morning. This is an experiment in real time, walk-forward testing in the open for anyone to be able to...
SPX has gapped down this morning on virus fears and is now trading under the Kijun-sen line as well as the main uptrend line that has been propping up price during this recent rally to new all-time highs. The PPO is in a bearish cross, but remains above the 0 level which means any pullback can be viewed as bullish until that center line is violated. The RSI...
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
![SPX: S&P 500 [SPX] Weekly](https://s3.tradingview.com/p/PsiiHjwd_mid.png "S&P 500 [SPX] Weekly")
