Spxanalysis
SPX500 - Entering Consolidation PeriodThe blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist.
The green circle represents a period of time where I think the consolidation will come to an end.
The way current conditions are, the consolidation period will come to an end between February 2020 and October 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
This is not financial advice.
I will keep updating this graph every so often as conditions change.
US SPX500 - Jaws of DeathJaws of Death pattern playing out on the US markets. Liquidity pumped into the system has driven the index on a fa-nominal move to all time highs. Now with a sell pivot now in place on the weekly chart and a trade war raging, the short plays first target is to the point of Control at 1806. The secondary target will be somewhere between 1237 & 950 level, which is back where price was that end 2008 GFC end.
S&P500, Key Levels to ConsiderAs title states, key price action levels to consider with regards to S&P500
S&P500 TD Sequentials, Aggressive 13 Has AppearedWeekly Sequentials have met a aggressive Green 13, this signals an upcoming price reversal likely to occur. This week ended concluding a reversal Doji.
S&P500, You've got 2 options to decide where we areHistorically examining price action on S&P500, we've got one of two scenarios unfolding currently. We could be facing a repeat of Red arrows or Green arrows.
SPX trade idea: Capitalizing on the potentially impending dropIt's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
SPX a look from the clouds (Heffae Clouds)I've been racking my brain trying to get a feel for these indices after their panic dump mid-late Friday and decided to pull up an old favorite indicator to see what it was saying. Snow City has put a ton of work into this indicator and has the aesthetics looking absolutely gorgeous in its current incarnation. It happens to absolutely nail some important support and resistance levels as well. If you want a more advanced version of Ichimoku this is the toy to use. Also check out his Quant RSI which is a candle-ized version of RSI and provides some really cool signals if you know your candles. And no, i'm not a paid shill, just know the guy and appreciate the work he's put in. check it out
500If the S&P was going to have any sign of reversal if would have done it at the marked location on my chart. Seeing that it hesitated and climbed past that level and stopped at a key resistance, I believe it is now going to consolidate in between that key resistance and the level I have marked.
S&P 500 dead cat bounce and collision to 2400 points and lowerWhen talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce.
Daily MACD confirms further bearish momentum.
RSI turning against.
Further fall is imminent to 2400 points.
Important thing to say which is subjective opinion, but previous results add weight to expertise:
* S&P500 suggested retracement at the Ocotber 2015 and on Janury/February 2016 being worth 1867 points.
That was mathematically justified peak of S&P price index.
Instead, we had " push" to 2.700 points.
Presumably because Bezos bought Washington post 2013 while calling for buy of his shares.
In practical terms after posting on twitter 15.th of November TA about S&P and NDAQ collision, people were in denial.
However, index value fell from 2723 points bellow 2400 points making 11,5% fall X 24 trillion USD=2676 billion USD loss achieved on SPX from 15.th of November to end of December.
Value of previous drop on SPX surpasses GDP of Germany, France, Italy or Russia.
Now, we have pretty much same situation.
After " dead cat bounce" i am expecting confirmation of 2400 level, therefore i would short it from this position with very narrow s/l placed.
S&P 500 peaked by any parameter.
Stochastic RSI turning against (peaked already) whether daily/weekly basis.
MACD implies for weekly bullish crossover which might cause some kind of pump (therefore S/L is placed very near to 2720 index value).
Having on mind that even current S&P500 index value is actually gifted price for uneducated, i would recommend every shareholder to clear his position in order to avoid buying on " right shoulder"
SPX will continue to make lower highs (probably this one which will retrace back to 2400) points making 2500 billion US dollar loss and right after new lower high and further collision which could actually trigger massive selloff and price dumping whether we are talking about SPX, NDAQ or DJI.
S&P500 index has no healthy grounds for this index value and further fall is imminent all the way down to 1867 points which is 33% additional fall in Index points.
Money which is used for pumping index over " mathematically justified price peak=1867" points could now cause yo yo effect and cause massive reversal and selloff.
As long banks or big holders are willing to pump price, it will be so, but, as time passes, it becomes more and more expensive to maintain artificial price as this one.
Gold and silver are the only safe storage of value.
Everything else will collide.
Good luck to everyone.
SPX500 - Short to the 1800 handle.Since December we have seen a weak rally of price back into an area of resistance with decreasing volume.
A distribution pattern has been occurring since December 2018. A sell pivot printed on the 22nd January which gave the signal to go short. The target is the 1800 handle.
SPX Possible Route to Double BottomFriday's rally was strong, and although NFP euphoria fades, the Powell 'patient' remark and the resumption of China talks are very positive. An A-B-C rally takes us to the .618 retrace from the last high, which is close to the .5 retrace seen in the 20% drop in 1998, for example, and in 2016, before the inevitable double bottom some time in Q1. After that, it's anyone's guess.
2628-2644 is the confluence of the .618 from the last drop, the .5 from the ATH, the 29/30 Oct and 20/22 Nov closing lows, and and A-B-C extension from the bottom, given the New Year opening pullback. The parallel channel helps as well.
Buy a little below here for 2628, then sell for 2347.
sp500 waiting for a sonnest clear signal in basic chart set -upthe pattern of the sp500 is clearly showing that he waiting for a soonest clear singal for to know if we go long or short
basic chart reading- good for beginner who ant study this basic chart setup
#SPX S&P500 the umbelievable/amazing match with 7th Oct 98Note: Matches with the past are no guarantee of future performance. Not Advice D.Y.O.R.
Note: Match = when purple MA closest to BB top band and at same time price low closest to orange MA
SPX analysis? 3 things important things to keep in mindThe Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart:
(1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best describes the sideways action after price closed below the trendline is a symmetrical triangle that is tentative. Implications of the triangle include a stalemate between bulls and bears, as well as continuation of the current trend (bearish) upon price breaking out of the triangle.
(2) ~2606.08 and 2540.33 is marks the region of underlying support for the SPX. Price closing below 2540.33 especially indicates more selling/bearish action.
(3) A bearish channel (tentative) is also drawn on the Daily timeframe that should be taken into consideration should price action continue to resolve downwards.
SPX500 approaching resistance, potential drop! SPX500 is approaching our first resistance at 2676 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur pushing price down to our major support at 2600 (horizontal swing low support, 100%, 61.8% fibonacci extension, 78.6% fibonacci retracement, support level on 4h chart).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
