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S&P 500 (SPX500)

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.
UShort
by Hybriss
SPX reacted today.In my previous SPX analysis, I was hoping to see it comes all the way back to 2641, but the 21 ema is doing a good job as a support here. If S&P goes up and close above the blue line region, then it will probably stop only at 3136, a sign of real strength here. I was working with a scenario where the decisive point would be the orange line, but the 21 ema already did the job (so far), so we must work with we've got. It’s more and more unlikely that the trend will reverse, and odds are SPX at 3136 again.
TVC:SPX
by Nathan_The_Finance_Hydra
1
S&P-500 to resume its downtrend?Price touched 50% retracement level of the recent crash as well as the upper band of the ascending channel which is a bearish pattern. There is high probability that the price is going to reverse and resume its down trend after breaking the channel support. N.B, Please note that this is a market study based on my knowledge and experience and not a trade suggestion for anyone to follow. I shall not be responsible for the outcome of a trade taken based on this view.
UShort
by ssen
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... Remember to hit LIKE to show your support. Namaste.
SP:SPX
by AlanSantana
7
Is Bitcoin correction really over, or is it a Bull trap?isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on prices, but simply nothing happened, prices just kept gone pushing higher and higher. clearly big money is buying aggressively right now and most likely this volume is coming from stock market. recently S&P500 has made it's ath around 2950 and lots of investors are taking advantage of this rally and cashing out their profits, why? if you look at current situation of geopolitics you'll see the US-China trade war and tensions between US & Iran both of this situation has put the markets under heavy pressure and fear, fear of a war in middle east and ongoing trade war with China. so which must be the best asset for this freshly released money from stock markets? clearly Bitcoin, three imp reasons, undervalued, high liquidity and massive growth potential due to limited supply. obviously gold, silver and other precious metals are also good option, but Bitcoin is Bitcoin. now am not saying that this is the major reason of bitcoin's rally, that's my own hypothesis, but this could be a major reason most likely. now for a minute if we assume that above theory is the major cause than this rally is the result of fear in stock markets. that means big money which is cashing out could be wrong, and i think probably this rally will end up like a bull trap and we'll see another major low in future, i'll explain it but first don't assume that i am bearish on Bitcoin definitely not, actually most of the analysts including me will tell you that the next major bull run in Bitcoin has started and it confirmed after prices broke and hold 6450 level, and am 60% sure on this, but now we're looking on other side of coin. this rally in bitcoin could fail if stock markets keep moving forward which mostly depends on geopolitics and policies of trump administrations. now I personally think that Donald Trump won't take decisions which are not in favor of markets and economy, coz he had already said earlier that, "war in middle east was a big fat mistake", i think Trump is putting pressure on China and Iran, so he can make better deal with his own terms. you'll get this point if you read the book "The Art of The Deal" by Donald J Trump. if you read this book you'll see that Donald trump likes to create leverage, he likes to have psychological advantage over his opponent. note this points from the book, "My style of deal making is quite simple and straightforward. I aim very high and then I just keep pushing and pushing and pushing to get what I'm after" "The worst thing you can possibly do in a deal is seem desperate to make it. That makes the other guy smell blood, and then you're dead" clearly from above points we could assume what Trump administration is actually trying to do, they keep pushing and pushing with trade war and sanctions against China and Iran, until they became so desperate to deal with the US. If Trump administration succeed to make a fair deal with Iran and China, which I hopefully they do, than stock markets will again start to emerge and most likely we could see a huge dump in Bitcoin. now moving towards the chart as you can see that we've completed the first supercycle of Bitcoin and now most likely we're in ABC major corrective wave. now if the ABC corrective wave has ended on 3200 level in Dec 2018, note that this whole major correction took 364 days to complete, whereas corrective wave 4 of 2014-15 took 630 days, that means wave 4 was 1.73x larger than whole ABC corrective wave, now it's not violating the Elliot wave rules but usually that doesn't happen, you'll also notice that ABC corrective wave was the shortest correction -84%, whereas wave 2 retraced -93% and wave 4 retraced -86%. talking about the moving averages you'll see that in wave 4 (2014-15) prices drop to 200 SMA than rallied to 55 EMA and fall back to 200 SMA retested support levels and then rallied for wave 5. but nothing like this happened in 2019, prices fall towards 200 SMA and then rallied, break 55 EMA, most of the analysts were expecting a drop from 4200 level to retest 200 SMA, but that doesn't happen. now things like this in chart analysis creates doubt on price movements, I see there's a probability of a double zigzag formation, and probably we're now in wave X which goes against the trend and end up as a Bull trap. a normal Wave X goes upto 61.8% of total ABC corrective wave or the wave W, which in this case is around 13500, so the current price movement can go upto 13500 level and if the wave X ends up there than a new wave Y will start from there. usually major corrective waves ends at the top of wave 3 or the bottom of wave 4. but I think that the top of wave 3 around 1100 could be the end of wave Y, or the major bottom of Bitcoin, but if this theory is correct than this whole process could take upto 2 years to complete, and than probably we could see the next major bull run in Bitcoin. thanks for reading, this is Husain Zabir signing out...
BNC:BLXShort
by Husain_Arkghazi
38
Long term Prospect on SPX500 — How far is the Market gonna dip?Conjuncture As Coronavirus seem to have reached in the EU what looks to be so far its "propagation ceiling", the US is being rapidly contaminated with the virus; their extremely precarious healthcare system worsening the spread by making it increasingly harder for people to get tested. The US spread, being late of a week or two behind the EU, still has lots of room for propagation to grow. Therefore, as soon as the disease started significantly spreading in the US, the markets began accelerating to the downside despite already pricing within a really attractive range of prices . This suggest that the market has just — or at least recently — started pricing the actual propagation in US territory, unlike what it was doing two weeks ago. This is a sentiment that is being reinforced by Chinese's global contamination number which has been decreasing for two or three days now. Nonetheless, keep in mind that these numbers (the Chinese ones), may only be partially reliable. If my postulate is correct, we should start seeing the Asian markets slowing down during the next week, the european markets (which are way closer from their weekly supports than the US) should follow the Asian pace shortly, while the US starts accelerating. Context/Fundamentals Coronavirus Oil Crash and OPEC falls apart EU ban Weak economics fundamentals Major Equities still overvalued Central banks doubling down on complacent Monetary policy Technicals Weakening daily bearish RSI Weekly support trendline broke to the downside (green) Mid-Term support area 2571 to 2470 not holding prices anymore. Prices accelerating through the area in 4 hour and higher timeframes Markets still have lots of room to the downside on weekly timeframes Next Key Support Areas Here's a weekly chart highlighting most of the attractive prices and levels of support, giving you a beforetaste of the amplitude of the freefall that may occur : 2343$ — 38.2 fibonacci of 2008 - 2019 We better not close below that area, otherwise we break through the bottom of 2019's bullish movement. From there, we're forecasting the end of a weakly bearish retracement, if not a trend. 2234-2111-1963$ — Those prices, while not being the most attractive, represent interesting low volume areas close if not onto the 2015-2016 range in which the market could setup short-term ranges (for a few days or weeks), Scalpers / Daytrader's paradise, Swing Traders and investor's nightmare. Why so ? Because we would be in the worst area for risk / profit ratio Weekly wise. The area between 38.2 and 61.8% is literally what we call the "Dumb Zone", it's not for nothing. Put your Risk/Reward ratio and see for yourself : 1693$ — 61.8% retracement of 2009 - 2019 bullish trend confluent with 50% price drop since last market top. This is getting extremely interesting, personally i have buy order in the books at this exact price. If we reach that area, we're probably gonna range a looong time around it. Would we be able to go lower ? Quite unlikely but not impossible, see next level. 1290$ — To me, this area represent both enormous opportunity and risk. This is the last chance for the US market to recover and start growing again. Any monthly close below that price and it's a multi-year bearish trend confirmed for those markets. Needless to say that, at this point the 1000$ on the SPX is gonna switch from major support to major resistance. Such a pricing of the SPX500 along with all other major US indices would mark the end of the US Dollar aswell as the United States hegemony over the rest of the world. This scenario is for Doomers only. And that seems to be it Hope this idea will inspire some of you ! Go easy on leverage and don't forget to hit the like/follow button if you feel like this post deserves it ;) Kindly, J.M.K
OANDA:SPX500USDLong
by John_Maynard_Keynes
3