SP500FT trade ideas
dump incomingspx rejecting trend-line again for the 4th time an last time we 12% 17% 19%, this time i'm expecting 20% dump on it. and DXY is at support right now. fib support at 3150
S&P 500 at important juncture S&P 500 at important juncture
Long term channel keeping it down
It's good to watch whether it would continue in uptrend channel or fall into flow of the downtrend.
It's an analysis, not a trading advice, trade with due diligence.
S&P 500 in D Impulsive WaveOn Weekly Basis:
S&P 500 currently at 4072 facing a resistance from downtrend line at 4080 as well as 200 DMA at 4055 (though breached upward briefly). It completed the final E of bear market wave at 3675. It again breached the low of 3675 and made a new low of 3583. It was about to qualify for new bear phase cycle of capitulation but could not sustain and moved up again. S&P 500 may at its best go to 4280. 4080 to 4280 is the level to resume short sell. RSI on weekly basis also no more oversold and in fact at neutral zone. The bear market if it resumes would be the worst phase with target below 3000 level.
Warning and Disclaimer:
Above prediction should not be taken as financial advice, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Picking rules - the Lynch methodBack in 1977, the still famous investment company Fidelity Investments entrusted the management of a small fund of $18 million to this very man. The next 13 years were impressive for the Magellan fund and its manager - the famous Peter Lynch. The fund's assets grew to $14 billion, more than doubling the average annual growth of the S&P500 stock index.
When he stopped actively managing assets, Peter shared his approach with the rest of us. Some of his thoughts inspired me to create my approach and may be useful to you as well.
1. The private investor has an objective advantage over institutional investors (e.g., funds) because he is more agile. He is not burdened by the need to coordinate his actions with the management of the company, and his purchase requests are easily satisfied by the market. Agreed, it's easier to buy for $1,000 than it is to buy for $1 billion. Thus, the private investor can catch prices that the big "players" will have a hard time getting.
2. Don't spend everything you have under your belt on stock investments. The trades will not be able to close "in the plus" just by your own volition. So first provide yourself with a financial safety cushion, a stable job and a place to live, and then start investing.
3. Admit to yourself: are you a patient person who is capable of making independent decisions, diving deep into analysis and soberly reacting to plus and minus changes? If not, practice, but on small volumes.
4. Never buy a company's stock if you can't explain what it does and can't talk about its financial performance. The stock market is no place for gambling. There are slot machines, etc., for that.
5. The company works for profit and grows because of it. So keep an eye on everything that affects profits. Evaluate the company not in monetary units, but in the number of profits.
6. Watch where the company invests its profits. If it's mostly capital investments that will probably make a profit someday, in the distant future - think about it. After all, the beautiful future as conceived may not come. If, on the other hand, the company is allocating its profits to buying its own stock, it means that management thinks the current stock price is attractive enough.
7. The success of the stock may be unrelated to the company's financial success. Beware of such investments.
8. A company's financial success may not be reflected in its stock price for a long time. However, the longer the period in question, the more direct the relationship. So if you select companies based on an analysis of financial performance, be prepared to make a long-term investment.
To this day, these thoughts help me look at assets consciously and not give in to spontaneous decisions.
What do you think of this approach?
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SNP index CASE studySNP spot cmp 4020
Harmonic study
Time frame :- 120 mins
Bearish shark pattern formation
potential reversal zone at 4058 (pattern maturity)
Reversal confirmation below 4000 levels on closing basis
View valid till index sustain below 4120 levels on closing basis
Down side retracement possible till levels of 3900-3800-3700
Time horizon :- 7-10 trading sessions
Index is at resistance zone as per harmonic study, Bulls need to be cautious.
SPX 500 trading at important S/R
currently, trading at crucial area of S/R. Though it can temporary could halt the up-move. Expecting to get some good move once the level gets broken.
SPX SPX can face resistance at 3947 Matters today Index has run up a lot cannot sustain given the FED and the environment
S&P500S&P500 Upcoming Crash.
Just a prediction as per Elliott wave and Harmonics.
Shall be a good buy @ 3000
S&P weekly chart wave count Educational purposes only: S&P weekly chart was achieved actionary wave cycle now it was formed correction that' mean reactionary wave pattern already started . This wave count was pointed in log scale for better counts... Bear market continue over the years 😂😂😂
my spx viewThe Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices.
s&p analysis based on supply demand zones SP:SPX may try to create #wpattern or double bottom on daily / hourly time frames at important support zone of daily time frame, if it breaks below the support level, we can achieve the expected downside targets soon.
spx short analysis based on supply demand zones SP:SPX is gearing up for 10% free fall, it has followed the levels I mentioned in my last post with accuracy, from today onwards we can expect SPX to start down fall for 10% correction.
SnP 500The SnP chart is NOT Looking GREAT at this stage, wherein, Price is not able to hold even the minimum Barest requirement of the FIB. I had said sometime Last week that the SnP/DJIA/NIFTY would probably ALLIGN with Each other and Move upwards..... NOT ANYMORE. This will not happen if price stays below the Bare Minimum. Infact...... I am unsure which way Indices MAY now GO, and MY PERSONEL BIAS has NOW SHIFTED to the DOWNSIDE.
I am a Trader and it matters not to Me which side the Markets GO, But I would advice CAUTION to you all between 15th to 22nd October.
