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Spxcrash

SPX Market Crash: The 150y Elliott WaveThis is an SPX chart from 1872. A 150 year old chart. As you know, I am the Elliott Wave Jedi. So, I took the liberty of labeling this SPX500 chart. There's only one thing I can say: "SNP500 is preparing for a BIG Drop, a Market Crash". My Wave Count suggests that a major Bearish Swing is starting, or will start soon. The 2009 lows are inevitable. Price Action will be drawn there like a magnet. Calling all Autobots! ( SPX , SPX500 , SPX500USD , SPXUSD , US500 , SP500 ) A Recession is due and bigger events will crash the markets globally. * Some more details in the related ideas. Fundamental Analysis & Facts: * Fear vs Greed: VIX (Volatility Index) It will spike! * US Consumer Confidence Index: USCCI People are worried about the future. * US Inflation Rate: USIRYY War is coming. * US 10y Yields: TNX The 40y Downtrend Break-Out * US 10y Bonds: USB10YUSD Bonds Rush, Investors & Fear Technical Analysis: Elliott Wave Cycles The Wave Count tells me that a Major Degree is ending, in this case it's the SubMillenium Wave 3. If you are good at counting waves, then you can see that as well. The Elliott Wave Time Degrees are on the chart. Levels I am watching: $4500 & $6500. IMO, SPX has already started the Recession Bearish Swing, so I am already treating the ATH as the actual top. In case of another ATH, then this will mean that the current position was a SuperCycle (IV). After the last 5th, SPX will surely drop, from around $6500 back to $1100. However, as I said: "I believe the Markets have topped, and that the Recession has started". Check out a close-up: 2009-2022 Elliott Wave Count. I am shorting the Markets. Good luck guys and many pips ahead! Richard, the Wave jedi. P.S. Props to @TradingView for providing this 150y old chart.
TVC:SPXShort
by EW4X
9
S&P 500 – crash is incomingHello, everyone! The largest risk is incoming for all markets – traditional, crypto and other. The euphoria on SPX is going to the end. I analyzed the weekly timeframe and found the strongest price reversal signal. We can see that the divergence with the MACD histogram began to form for a long time, but now the MACD almost flashed the signal to reverse: the divergence appeared even on MACD line. In this case we should wait for the first decreasing bar of the histogram and short the market. It can appears already on the next week. Be very careful! Moreover the price is approaching the yearly R2 pivot. This is another evidence of the potential reverse! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
SP:SPXShort
by Skyrexio
30
Classic Diamond Top Reversal Pattern Forming - MUST READ!This is a classic diamond top reversal pattern. As we have now closed the Feb gap we start to go down finally. We will then bounce around within the diamond before finally heading down to our Buy Zone which is measured by subtracting the height of the diamond from the estimated break down point. Amazingly this point coincides with the green long term support line formed by the support created at the bottom of BOTH the 87 and 2008/09 Market Crashes; AS WELL as the green dashed resistance turned support of the Dot Com and 2008 Market tops!!!
TVC:SPXShort
by Corrupt_Economy
2
SPX Outlook for this next two weeks.Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction? I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still sleepy and that can go higher (I can not imagine how, but the probability exist. What are your thoughts? What part are you on? Thanks!
SP:SPX
by harribatu
1
The crisis is not already gone, but maybe the worst is overHello there, this is our view on SPX, enjoy! We've seen a good price recover after the capitulation happened during the second/third week of March. And the worst seems to be really over, so why I'm still bearish about that? First of all, never forget about the news: coronavirus is still spreading, US are now the first country by active cases and US also exceed 10k deaths already. God bless Americans. Yet the crisis end can't be foreseen, we hope we'll see an end very soon. Neither China gives good news: more than 20M people are still quarantined and so Chinese seems to be very far from a recover. To go on with I just applied a thorough technical analysis, so let's see our points: a rising wedge can be seen clearly on daily chart, which is bearish and its textbook says it'll dump 360$. Another bearish feature clearly visible is the W bearish Gartley pattern, which stands for a strong bearish continuation. Giving another look at chart, you'll see that daily candle has opened with a big gap which is about to be closed forming a counterattack line pattern which also gives signal of a reversal. Price is now moving under multiple pending moving averages death crosses. And that's the same for exponential ema, weighted wma and smoothed smma. More technical in between: price is far away from ichimoku cloud, it could've turned bullish once price entered it, but unless the vaccine was discovered tomorrow it wouldn't get inside of the cloud spontaneously. Then they come oscillators: fisher transform, ultimate, which also are making another bearish divergence with price below the same trendline, and stochastic are starting to look overbought. There are some fewer bullish aspects, which I'm writing down in order not to be catastrophic: in fact we've recently seen a candle bullish sandwich and an island reversal, which are both bullish signs. And latest gaps might be part of a sort of upside Tasuki gap, targeting next fibo resistance zone. Bollinger bands start to look very bullish on daily as price broke middle band and never went in overbought while there; it's too yet tho to make any predictions on it because bands haven't stretched enough so far. Relative strength index is growing very well from oversold since before the small uptrend started. Both awesome and moving average convergence-divergence are stating bullish momentum. I tend to believe that most traders are now fearful, so maybe price is pushing a little higher before a major dump occurs. Fact: many people are not working meanwhile fiat are losing their values. So those people are not gain enough to save something which they could invest. Latest dump was a cashout of many of them and people are having fewer and fewer savings (which are also losing value, where should them invest in order to preserve their purchasing power?), if nothing changes this will definitely lead to another sell off. We are not stock nor index traders, so we're proposing a strategy just like we approach cryptos. Make sure trend has changed and do properly your researches before investing in this one. Entry (short): 2657 - 2737 Target (mid-term): 2482 - 2446 - 2200 Stoploss: 2760 Risk/reward: 3.41 Trade safe and stay at home. Anlvis
TVC:SPXShort
by Anlvis
1
SPX BOUNCE? No crash, yet.I believe we're not at the crash everyone is forecasting. We still have one big event that can lift investors sentiment, the US and China deal. Once we get finalization of the deal, this will create a brief rally to the top. After we get that out of the way, we will fall, fall, fall! What to watch: - 3 area of a bounce can occur: 2700 (span B), 2650~(9 Day avg line), 2600~ (26 day avg line) - Ichimoku (1 week chart) show bullish signs for the short term. - Watch Tech stocks for a buy (Christmas 2018 flashback?) - In the coming weeks or month, bearish cloud shows bears will then take control. I would love to hear your input! Trade at your own risk.
SP:SPXLong
by Litwolf