SP500 Drop to next level of FibTop Divergence in H1 chart and Broke the trend line!
Drop to a Fib. Level at 4433
Sp500index
TWO POSSIBLE SELL CONDITION IN SP500ULTIMATE SELL CONDITION IN SP500 , AS THE NEWS OF AMAZON SP500 IS LIKELY TO CRASH
SHORT SIDE S&P500Hello guys i had find s&p500 trade which formed double top in 1h timeframe and also breaking this channel we can get good opportunity when it break the trendline thank you if you like my analysis plzz like share and comment and do follow for more
BullishS&P500 is bullish till the time 3630 is maintained ion daily closing basis. 4040 is the target
Disc : it's not an investment advise to buy or sell
S&P500 : Bearish sequenceAfter the formation of ending diagonal there is sharp & Swift reversal. But the recent recovery is more likely a corrective sequence and therefore the prices should give one more downside move upto the level of 3636 at least which is the previous fourth.
SP500 Big short oportunityKeep the eyes open for next week.
US500
Weekly chart closed with an hanging man pattern at the end of a wedge pattern indicating a strong weakness of the price.
When looking at the H4 chart we see an Head and Shoulder pattern set up with the top of the right should formed with a potential double top.
Next steps:
- Wait for double top confirmation on the on the 15min / 30min chart to to scalp short the right should of the H&S formation
- If we see a H&S breakout we are going long short with huge returns.
US10Y & SP500 | CRISIS ANALYSIS - BANKING SYSTEM MELTDOWN*From oct 2018 to dec 2019 there is very strong divergence of -42% between falling US10Y and rising S&P 500.(On every falling US10Y there is average of 60% correlation with S&P500).
*Corona virus Activated the convergence process and covered almost +70% to set the overall correlation at +34%.
*There is remaining 30-40% convergence left to align US10Y and S&P500.(Expecting alignment on lower trend channel).
The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.
If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.
If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.
If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: www.tradingview.com
Thanks a lot for reading...
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Namaste.
S&P 500 then and now, What next?After this huge slippage of prices today, the bullish invalidation is at $2874sh level and bullish knock back to the market will be in between the range of
3017-3050 zone.
What is expected next is break of bullish invalidation and lower side targets. A probable pull back or retest of bullish knock is possible before a fall again.
BHOOMI predicted this fall way before, on 20th Feb itself.
Read my earlier blog on different topics at niftyanalysis.in/blog
SP500 LongOne can go long in the s&p 500 at current levels for new all time highs. Its a trade with great risk to reward at this juncture.
Dow Jones - A near term top or new rally?This is a monthly candle chart. Applied Fibonacci levels to 2008 highs and 2009 lows.
Dow Jones index tested a crucial Fibonacci level of 2.618 at 26500 in January and failed, looks like its going for a retest now. Observe the RSI divergence below
Will it succeed? Depends on lot of Global factors and US elections...
s&p 500 LongOne can go long in the spx at cmo of 2337 for an intraday target of 2349 and beyond. I am expecting the spx to go back and make new life time highs from here on.
Gold : More of Chakravuyh than Arjuna's Arrow !Our long pending analysis and the most sought analysis is Gold. True, people are worried at uncertain times and economic scenario's around them, so they want to analyse whether Gold will be safe security for part of their investments. Before we go into analyzing the Xauusd, Be clear about the fact we are building a case with our analysis like Chakravuya considering various economic factors, its not a straight arrow from Arjuna aimed at Bird's Eye. So we are analyzing with Global scenario's,News Events, Fed rate hikes etc.
What do we see in the chart above ? Broadening Wedge Ascending Pattern which usually breaks to downside, rarely it moves up. Check out My posts on AUDUSD and USDCAD you will know how this pattern worked in the past. For sample, I'm attaching Aussie, for cad post check in my public profile.
Above chart is not one time instance, I can show you 5 charts for this broadening wedge working in same manner breaking downside and moving up after the breakout. So Gold is expected to give the breakout before Fed meet & move below 1200's, with Fed rate hike ( 80% probability for rate hike) Markets will move in knee-jerk reaction with few session wicks going below 1175's barely kissing 1150;s or staying above during that time. After the dust settles down, Gold will move up as it will be considered as safe asset.
Now we will have a look at DXY,
So in next 3 weeks DXY will reach 103's and will move down when Fed rate hike is announced. We knew Sell the News which is insync with the post. The upside move for rate hike is already factored in , so the reversal on cards.When it moves down again Gold is sought as safe asset for investment.
Apart from all these, We don't know clear picture of Trump's policies ( Economic especially), by Jan'17 we will get an idea what he is about to do, which will be definitely perceived as bad for Global economy because any change in stable policies is not accepted with cheer.
Now coming to our very own King ( even if it's one eye, We are King ) Indian Economy, you should realize the effects of demonetization.
(a) Due to cash crunch, Business will be affected in Small & Micro firms/industries - Productivity drops
(b) For sometime we will have Unemployment skyrocketing in unskilled sector ( Construction,lathe works etc.)
(c) Real estate prices will drop
(d) Capital to invest in infrastructure & to expand business will be delayed. ( though with rate cuts, cash flow will increase )
(e) Fed rate hike - Rupee depreciates ( Money will flow out of India, DII's are here to save the day )
Need more proof, check this US Index SPX :
When US markets go down what will markets around the world will do ?? I can show the same pattern in many scrips.
But these uncertainty around the markets are enough for Indian markets to go down & What's the safe asset ?? Gold ! Already Indians are good at investing & securing this precious metal, Now demand will go up and Gold prices will rise. Only if something real good happens for whole global economy it will remain below 1200's,else we will see 1360's level in Gold from 1175's.
Now you might have realized Why its Chakravuyha instead of Straight Arrow from Arjuna;s Bow !
I'm expecting your comments to discuss further, so feel free to comment your opinions...
S&P 500 Alternate count (Downside view) September onwardsPreviously I was considering only a bullish count in which the Wave 4 was completed but here I have analyzed an alternate count in which I have discussed the downside possibility.
Which count will play out will soon become clear but if the downside plays out then we can see targets around the 1800 mark.
To be more precise the expected targets are -
Target 1 : 1990
Target 2 : 1865
Target 3 : 1788
