S&P 500 Outlook S&P My view now it's going down 3450+ expect 3420 near stop and this price near to mvoe new high or new low.
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SPXM trade ideas
S&P MAY DROP TO 3066 LEVELS SOONERS&P MAY DROP TO 3066 LEVELS SOONER
ENTRY LEVELS:3495-3600
STOPLOSS:3666
ALERT : S&P500 broke the resistance with gap upS&P 500 broke its all time high in previous session will gap up but looking at the structure I think its exhaustion gap. Also, look at DJI, it gave flag pattern breakout on 21 Aug. Interestingly there's a gap border resistance present in DJI at 28400.
S & P 500 Index Intraday - Gann - Square of the RangeOm Namah Shivay
What is the meaning of "Om" ? Ans: Om means 'I the soul', Om Namah Shivay means - I the soul respect to Supreme Soul Shiva
Trying with the Intraday WDG Square of the range ( L->R T->B) on 30 mins chart. From the sample test, the success ratio is 85% which is too high.
Intraday trading success is more and really amazing.
Just a practice worksheet showing some results.
Om Namah Shivay
SPX & the "Square of the Range" - PracticeOm Namah Shivay
Trying the range squaring from top to bottom (Intermediate and major). Looks the practice is worthy as tradable cases are more.
Just a practice worksheet in between.
Om Namah Shivay
SPX 144 significance testingOm Namah Shivay
Today was trying to find out tradable significance of 144 on SPX weekly chart. Not finding any tradable significance for 144.
From Gann's Robert Gordon Cotton, 72 is found to be working 144/2. It has significance. Yet to test the tradable significance.
Om Namah Shivay
S&P500 NEXT 3 DAY BULLIS TREND DONT SHORT POSITION STUDY PURPOSERESEARCH study purposes only
SWING TRADE
S&P500 BUY ABOVE 3272.25 FIRST TARGET, 3332 SECOND TARGET,3390,
S&P500SXP approaching its previous high (@3394), considering its strong momentum it can slightly can resist at top but overall now seems good to buy
S&P Support & ResistanceS&P at support Level of 3234. 3243 being mid point of the channel. Bears to have upper hand below 3243 and vice-versa.
S&P 500 Analysis and Indicator on 15-Min TimeframeThis is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. The detailed description about the indicator is as follows:
I have taken 2 lots of SPX as default trading quantity and one for partial booking after 75 points which can be customized.
Long Period: Period for calculating Primary Signal Line (Yellow).
Long Period Input Source: Input for calculating Primary Signal Line.
Short Period: Period for smoothing the Primary Signal Line.
Short Period MA: Method for smoothing the Primary Signal Line.
No. of ATR Bars: No. of ATR bars for calculating Primary Signal Line.
ATR Multiplier: ATR multiplier for ATR calculation.
Trade Trigger: Value above or below of Primary Signal Line for Long or Short signal. The dotted lines in Green and Red color represents the same.
Bar Crossover Input Source: Current bar input for additional signal confirmation above Primary Signal Line.
Bars Above Signal High: No. of bars closing above Secondary Signal Line (Blue)
Bars Below Signal Low: No. of bars closing above Secondary Signal Line (Purple)
No. of bars crossover method uses certain no. of bars for closing above High or Low of the crossover of closing price and the Primary Signal Line in combination with Trade Trigger. The idea behind this design is to avoid fake signal due sudden spike in price. Also, this ensures that price consolidates above High in case of Long signal confirmation and vice-versa. By increasing no. of such bars, we can anticipate, how much time it takes for short-term and long-term trend reversal.
Depending upon the time-frame, just by observing the High and Low of previous crossover of closing price and Primary Signal Line, we will have better understanding of undercurrent of market.
By using different combination of Trade Trigger value and no. of bars above and below, we can anticipate better trend confirmation.
The various combinations of price source of Long Period Input Source and Bar Crossover Input Source, the Short Period MA method shows promising results. Kindly PM me for these optimum settings for other financial instruments.
It always better to book partial profit after getting into the trade which increases the odds. The default trade quantity is 2. We book 1 quantity after our partial profit target is reached and let the remaining quantity be in the trade until the reversal of trend. By enabling or disabling the same we can determine the profit or loss from historical trade from when the trade quantity is 1. Just remember to change the default quantity to 1 in Order Size from properties when you disable the Take Partial Profit option.
Take Partial Profit: Whether to book partial or not as explained above.
Partial Profit Points: It always better to book partial profit after trend getting into the trade. The default trade quantity is 2. We book 1 quantity after our partial profit target is hit and let the remaining quantity in the trade until the reversal of trend.
S&P 500 : Running Flat in Wave 4It seems we have a Running Flat in Wave 4. Structure is looking quite bullish.
SPXAgain resisted at 3230 and fallen. If 3230 fails as a resistance #spx can make a new high. Very critical level in my view
Returned fromdescending support.Expected to be range bound in the range 3115 and 3176. Break out above 3234
SPX Update to the video#spx looks like rally is over. Any close below 3154 this weekend can lead to 3053-2945
S & P 500 - ShortCMP 3041 ---first time trading below upper trend created from 23rd March 2020 ..failed to close gap area 3141-3161 ...5th June -10th June Trade created Island reversal
Close below 3000 will open gates upto 2700 ....stoploss 3161
Spx Back on ist bearish Journey as dxy turns bullishSpx has been bullish for most of the 6-30 week. today it pushed past its market structure held at roughly 3150. While most would be expecting a retest and the start of an even more bullish momentum, looking at the 4hr and daily chart can provide insight to the fact that we are just in the top of a very large retracement. in the past month price has not risen above 3150 and stayed there for more than 6 hours. So expect a bearish momentum and expect it for a week or so.
If anyone disagrees i would be happy to hear your perspective
