Downloading...
Download

Spx500forecast

SPX S&P 500 2 Week ForecastTrump wants to win re-election. Trump can’t win if the US economy enters recession. The only way Trump can possibly avoid recession is if the Fed cuts interests rates now. If the Fed waits til the market has tanked in order to cut rates, it will be too late to avoid recession via monetary stimulus that point. Trump needs rate cuts now! In order to get this he is using the tariffs to tank the stock market now to force the Fed’s hand. The Fed meets June 19, July 19, and September something. They don’t meet in August. These next two meetings are important. I believe the SPX will find a temporary bottom right around this first Fed meeting in 2 weeks, for a 3% decline. If the Fed comes out with a surprise rate cut in June or July this could send the market higher (not much of surprise as probabilities are now at 80% for a rate cut in September but would still be a surprise). If the Fed does nothing I’d expect more selling & finding new support lower. If SPX continues selling after June 19, I’d look for support between 2550 & 2475. I don’t think the Federal Reserve would let the SPX get that low again though...
SP:SPXShort
by Hayekian_Fibonacci
1
Elliott Wave View: S&P 500 (SPX) Has Resumed LowerShort term Elliott Wave view on S&P 500 (SPX) suggests that it has resumed the next leg lower. The Index has ended the cycle from December 26, 2018 low after a 5 months rally. After topping at 2961.25 on May 1, 2019, it is now expected to pullback in larger 3, 7, 11 swing to correct the cycle from December 2018 low. We are calling the decline from May 1, 2019 as a zigzag Elliott Wave structure. On the chart below, we can see the bounce to 2892.15 ended wave B. The Index has resumed lower in wave C with potential 100% extension target towards 2702.4 – 2738.4 area. The internal of wave C is unfolding as Elliott Wave impulse structure. Down from wave B at 2892.15, wave ((i)) ended at 2831.29 and wave ((ii)) ended at 2868.88. Wave ((iii)) is nesting and currently unfolding also as an impulse in lesser degree. Wave (i) of ((iii)) ended at 2805.49 and wave (ii) of ((iii)) ended at 2841.94. Near term, while rally fails below 2841.94 in the first degree, and 2892.15 in second degree, expect the Index to extend lower.
TVC:SPXShort
by Elliottwave-Forecast
Elliott Wave View: S&P 500 Futures Eyeing New All-Time HighShort term Elliott Wave view on S&P 500 Futures (ES_F) suggests that the rally from March 9, 2019 low (2726.50) is unfolding as a 5 waves impulse Elliott Wave structure. The Index is now within wave (3) which subdivides in 5 waves of lesser degree. In the chart below, we can see wave 3 of (3) ended at 2899.5 and wave 4 of (3) pullback ended at 2877.61. Short term, index ended wave (3) at 2921.5 peak. Subdivision of wave 5 is unfolded as a 5 waves impulse of lesser degree. Up from 2877.61, wave ((i)) ended at 2900 and wave ((ii)) pullback ended at 2885.25. Rally to 2914.75 ended wave ((iii)), and wave ((iv)) ended at 2900.50. Wave ((v)) of 5 ended at 2921.5. Currently, we are in the pullback in wave (4) to correct cycle from March 25, 2019 low before the rally resumes. The pullback in wave (4) is expected to stay above March 25, 2019 low (2790.25) for further upside. We don’t like selling the Index.
CME_MINI:ES1!
by Elliottwave-Forecast
Panic if SPX500 Moves Well Below 2870 and If Volume Stays LowIf a move below 2870 begins and starts to gain momentum to the downside, then we will start to see a head and shoulders pattern form which is exactly the same type of pattern that formed in the SPX500 right before the 2008 Financial Crisis. Keep in mind though, its not the intrinsic nature of a head and shoulders pattern to cause a downward move, but rather what the trading psychology of the pattern tells us about the broader market. In short, it suggests that the euphoric momentum that brought us to record highs can no longer be sustained. When we pair this with volume, we can see that this recent drive to record highs in 2018 is accompanied by significant doubt. Low volume in an uptrend is a big red flag. Oh and by the way, if volume does not pick up later in the day, it'll be the lowest daily volume since 2003. This is starting to become a real concern. So too would a head and shoulders pattern if it develops.
SP:SPX
by WhiskeyTangoFoxtrot3
Long if We Surpass Records, Short if We CantThe S&P 500 is flirting with record highs again after a major correction last December which only missed becoming a bear market by a marginal amount ending just shy of down 20 percent. Going on to the 11th year in the bull market, investors should then take a look at where we could be and a few signals to determine where we are headed which can be found on Daily FX’s Discovery to Deflation chart. If you follow the S&P 500 then you will notice that recent price action interestingly resembles areas around the the blow-off and transition phase. However, the problem with this road map is that we simply do not know where we are in the cycle. As of right now, either we are in between the bear-trap and renewed optimism, or we are between a bull-trap and THE lower-high or the final lower-high before a massive downturn (hence emphasizing ‘the’). If we look at the S&P 500 and the above chart, we can see where these levels could be. Since this is the case, we are forced to look at some other signals. First, volume on average has been a noticeable step lower ever since December 2018 on either of the bull or bear side. Second, while the consecutive candle count shows a recent uptick in consecutive up days, the down days are much more volatile. In other words, it only took a few down days to correct almost 20 percent and three months to gain it back. In spite of this, while the downward volatility is extreme so too is the upward momentum. A near 20 percent gain in three months is incredible for any asset. Most mutual and hedge funds would be happy with 20 percent returns over 3 years let alone over 3 months. In other words, price action is incredibly choppy. Where are markets this choppy? Usually at the end of a bull cycle during what’s referred to as the distribution phase. Yes, choppiness occurs during public participation phase as well, but the public participation phase occurs mid-cycle and not after ten years. There could potentially be what has been referred to as an elongated cycle. This is possible, but lacks precedent in the United States as the current bull market is now the oldest bull market in history coming in at 10 years. Overall, a bearish view is not just predicated on these cyclical theories. We know global growth is already slowing. Germany just barely avoided recession this year while Italy is already in one. China may be in recession as well, but we wouldn’t know because they manipulate their data to such an extreme. Capital inflows into markets are significantly lower since the bull run began in 2009. Interest rates across the world are at 0 while the only hawkish central bank, the Fed, has reversed course on fears of the global growth slowdown. A common truism in trading is “Don’t short support, don’t buy resistance.” Maybe we can reach more record highs, but let’s not go all in until we can pass the current ones. If we don’t and pass below December’s levels, then markets will start to panic and you should too if you’re still in stocks by then.
SP:SPX
by WhiskeyTangoFoxtrot3
Expect a Downturn in EM If you Expect a Downturn in the USIts not quite a great idea to invest in EM if one is expecting a downturn as EM will be significantly hit from drying up liquidity via outward capital flows and lower investment. Happened in 2008 with the liquidity crisis and again in 2011 with the EU sovereign debt crisis. We can see this relationship between developed markets and emerging markets through a correlation coefficient between the S&P 500 and the most liquid emerging markets ETF in the world EM. Moreover, EM is vulnerable to a Chinese financial crisis as well if the Chinese can't figure out how to lower their debt levels which they really havn't yet. Either way, I would avoid EM at these price levels.
MIL:EMShort
by WhiskeyTangoFoxtrot3