S&P500: Short-term Elliott Wave AnalysisThere must be a comprehensive text, but I'm too lazy to write it.
S&p500index
S&P500: Short-term Elliott Wave AnalysisThere must be a comprehensive text, but I'm too lazy to write it.
S&P500 D Bearish GARTLEY PATTERN @ 2097Hi guys,
Here is a bearish GARTLEY pattern @ 2097 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Trade Numbers:
Risk: 22 points x 2 = 44 points
Reward #1: 23 points. R:R = 1:1.05
Reward #2: 38 points. R:R = 1:1.70
Plan your trade... Trade your plan.
SPX at Support, Uptrend Continuation PossibleTypical market behavior for a correction phase. Let's wait if the market price levels will be exceeded to the downside, only then this could turn into a bigger type of overall (weekly) correction. As of now higher timeframe breakouts were hit, a continous trend to the upside is still possible.
S&P short without HH China and AAPL and other concerns about economy, Yen as a indicator and early alert, drop would be deeper minimum target on the chart.
Bearish H&S on S&P500I don't usually trade these, but for anyone interested...
Target based on previous structural levels and and SL based on the shoulder height.
Oil Price stress on Banks with energy exposureOil price recovery has been mostly driven by USD related factors and so the fundamentals are still not where they need to be and the chronic oversupply continues. The banks with the largest energy debt exposure have felt the squeeze as a result and remain relatively risky.
This chart shows the performance of the banks with the largest declared Energy debt exposure in the US vs the XLF ETF and wider S&P 500 Index, the backdrop is the Oil price.
Possible S&P 500 head & shoulders in the making?Could the S&P 500 be in the middle of carving out a possible head & shoulders pattern? If so, and it breaks the neckline, the extension (the distance between the head & the neckline) could target the 1960 area which is the 50% Fib retracement of the April 20th high (2111.4) / February 11th low (1807.5). Bear in mind, the word on the street is that the shorts currently are already overcrowded, so the chances of this playing out is a lot less.
My analysis is for informational purposes only and should not be construed as advice to buy/sell any instrument. Always perform your own due-diligence and never enter into a trade based solely on someone else's opinion/analysis without doing your own.
Is the S&P 500 due for 50% correction?Of course it is, maybe now maybe later.
The chart shows the last major movements in time and distance. It has been stumbling since last year.
We all know it is coming just nobody knows when.
Perhaps 2016 perhaps 2020.
Not a trade just food for thought
S&P dropThe left side of the blue target box is at the number of months the 2000 dot com bubble took to reach swing low. The right side is the number of months the 2008 crisis took to reach swing low. The top of the box is the % drop of the 2000 dot com bust, and the bottom of the box is the % drop of the 2008 crisis. Interestingly, the average of the 2 is almost exactly the .786 retracement from the last swing low after the 2008 crisis and the recent swing high in late 2015.
here is my analysis:
2000 correction (dot com bubble)
155.75 to 77.07 : 50.5% drop
High of 155.75 at March 2000, low of 77.07 at October 2002 : 32 months
2008 correction (housing bubble)
157.52 to 67.10 : 57.4% drop
High of 157.52 at October 2007, low of 67.10 at March 2009 : 18 months
2016 correction (dollar bubble )
50.5% drop from 213.78 : 105.82
57.4% drop from 213.78 : 91.07
average: 98.45
High of 213.78 in May 2015
possible time frame to reach low: between November 2016 and January 2018 (32 months)
S&P500 DailyPotential "fake break" above downward trending line from previous peaks. Volume on most recent peak was weak, no conviction. Plenty of support beneath, however, in reviewing previous lower-lows, 1800 could be the next resting point if bearish news/info comes to light
S&P 500 at crucial make or break levelThe S&P Index is hovering above the 2068 mark which remains a crucial support zone at the market, measuring 3 multiple tops since early 2015 the S&P index is likely to test its 4th Monthly top in early 2016 at 2105 which is very likely to test in a few trading sessions.
From measuring the distance between June 2015 lows to early 2015 tops, we have a 9.23% difference (175.7 Points)
which is added to 2100 or 2105 which gives us a figure of 2270-2280 where S&P could find second resistance for the year 2016.
If the Index fails to sustain above 2105 & 2068, we are likely to re-test 1980 handle once again. Since we notice a Bearish Gartley pattern which is very common amongst retail investors & institutional traders.
Golden cross formation on S&P500This is a classic bullish signal. Although some disagree with this due to the fact that moving averages follow prices, rather than the other way round...
Research shows that on average, after a golden cross occurs the S&P500 has gained >11% 12 months after. I think that if this does come to fruition, we will still see some downside as a correction to the current rally.
DIVERGANCE on S&P 500 Technical look on SP500 - I see SHORT but.... these sunday we are waiting for results of DOHA meeting (OIL production freezing) and other stair is YELLEN with her printers.
Hope for poor company earnings this week .. our last chance for short. :/
