SPX Topping out?The S&P500 seems to have tested the upper channel of the bullish range. It should correct to 2450-2600 soon. Anything below 2400 would be a change of trend from bullish to bears taking charge. Educationby ProfitableLoser2
Short the upper end of the range?Because my trading can not catch up, please allow me to write it briefly. << tactics >> When judging that 2800.0 functioned as a resistance line, I will short. The first limit is on MPP (R1) The second limit is on WePP (S2) I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------Shortby fondieaUpdated 7
Has the uptrend ended?It was a story of five months ago when I made a move towards 2900.0. Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence. Daily I assume that this symbol is not considered an uptrend already. However, most recently it is likely to consider trading using a support line from Double Zero 2700.0. <> 1) Double Zero Judged that 2700.0 functioned as a resistance line. long entry. The first limit is under thin horizontal line 2738.6. The second limit is under WePP (P) 2756.0. 2) It can not be determined that double zero 2700.0 functions as a resistance line. There is MPP (P) 2678.0 under Double Zero 2700.0, so I do not think of a short. I will observe. Finally, WePP and MPP will be updated on Monday as weekend and monthend are approaching. Flexible response is required. It is a good choice not to enter if you feel difficult. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------Longby fondieaUpdated 10
Time to Turn Bearish on S&P 500? $SPX-Index hitting the upper band of the channel. -Bearish pin bar forming today. -MACD going to turn bearish. Not an investment advice. Do your own due diligence. Shortby Market_beat3rUpdated 0
S&P 500: Smooth Sailing From Here On OutAfter months of high volatility $SPX is finally breaking out of the symmetrical triangle pattern on the upside. Longby AyushSinghbaUpdated 0
S&P 500: tIme for the bears to show up or dieLooks like sort of a contracting triangle. Time for resolution either ways soonShortby yossarian1210
SPX time for another downmoveA break below 2640 on a closing basis can take the index down to 2400Shortby rohitkaran1
When US sneeze, India catches cold- old statement, still valid?Historically, Indian markets used to react to whatever happened in the US. That's what the subject line suggests. Does it still hold good? I have tried to examine S&P 500, one of those indices that we often refer to (along with Nasdaq and Dow). Earlier to this, I have been analysing and posting the trends in Nifty and Bank Nifty. See my discussion on Head & Shoulder pattern in Nifty. Note the right side of a big head in the S&P chart. After the big head, the index has formed two additional heads at lower levels - clear signs of trend turning bearish. Not only that, watch the big size candles on the right side vs the slow-turtling up pattern from August 2017 till about mid Jan2018. Towards the end of Jan18, all hell broke loose. In US as well as in India. And we have seen about 10-15% corrections in both markets. More specifically, see the parallel channels - it appears like a Dam-Canal-Bridge kind of a picture on the S&P! Water flowing down. If we continue the trend, it looks more likely that the recent (intraday) lows of 2553 could well be breached, and could even take the index below its 6 months low that was seen in the last week of September 2017, before the end of April18. Why it is important for us? Because Indian indices generally react to the US indices as stated earlier. So perhaps, once again, both Indian indices and US indices may walk in tandem, down the canal. Even the weakening RSI indicates that. If that happens, S&P could lose another 5-7% resulting in a fall in Indian indices too. What is needed to arrest this down-flow? perhaps extremely positive Mar18 quarter results (last quarter for us, first quarter for US).Shortby Gem23Updated 1
comparison of S&p 500 and dow jones and our niftyAll the indices are at 50 day moving average on weekly chart. You will be amazed to see pull back but, correction is not lkcomplete, pull back will be sold into 9700 on nifty,2566 on S&p, and 22,719 on dow jones. Immediately now next week you will see pull back and global markets experiencing relief rally to get sold into another final round of sell offEducationby nalinakshiUpdated 224
SPX 500: Hits hrly trendline support - bulls might try defenseShort term trading bounce on SPX possible. Hourly mega oversold. For scalpersLongby yossarian1210
S&P 500 BEARISH ENGULFING AFTER LONG UPTRENDS&P 500 BEARISH ENGULFING AFTER LONG UPTRENDby dasAbhishekUpdated 223
Add on Pull back I am expecting this will make 2650+ before December 2017 so any pull back is add to me , Lets see how it unfolds Regards Longby shiv2798227
S&P 500 Daily Spot Modified Fibo LevelsFor Friday Sep 15, 2017 S&P 500 Above 2499 Go Long For Targets 2502.7, 2504.4, 2508.2, 2513.2, 2515.2, 2518.6 Below 2492.3 Go Short For Targets 2488.5, 2486.8, 2483, 2478.1, 2476, 2472.7 by SquareDoubleThird7
S&P 500 Daily Spot Modified Fibo LevelsFor Thursday Sep 14, 2017 S&P 500 Above 2501.8 Go Long For Targets 2505.6, 2507.3, 2511.2, 2516.2, 2518.3, 2521.8 Below 2495 Go Short For Targets 2491.1, 2489.4, 2485.5, 2480.5, 2478.4, 2475 by SquareDoubleThird4
S&P 500 Daily Spot Modified Fibo LevelsFor Wednesday Sep 13, 2017 S&P 500 Above 2499.9 Go Long For Targets 2503.7, 2505.4, 2509.3, 2514.4, 2516.5, 2519.9 Below 2493.1 Go Short For Targets 2489.2, 2487.5, 2483.6, 2478.6, 2476.5, 2473 by SquareDoubleThird3
Global risk (equity) marketsAfter the fox paus of North Korea, and despite the best efforts of US admin to fuck things up, normalcy is restored. Normalcy by definition is abnormal though these days. So be on your tows. Over next few days, week or two, it's the most bullish of bull market all around! Medium to long term is unknown. But it's great time to make some money in short term. For one, there are a lots of shorts out there considering the headwinds out there. And two, equal measure are willing to buy on dips. So in any impromptu move up, shorts get burned and longs will tag along. I, for one, am definitely expecting a short and sharp burst up in US equities. And that should see a follow through in other markets. There is always a fear of Kim Jong Un doing something stupid. But what the world doesn't understand is Kim isn't stupid. Trump is. As long as General Kelly keeps doing a great job he's been doing so far, any Trump shorts will burn. And that's a great news for risk markets all around. Make hay while the Sum shines. The Sun won't shine forever though. I have a feeling when Trump sees Kelly getting some credits he will push on to satisfy his narcissism and dump the risk on trade. So that should still give us a couple of weeks. For Indian markets. the high beta and leaders like MARUTI, RELIANCE, HDFCBANK should translate well. Longby Kaustubh0
S&P 500 Daily Spot Modified Fibo LevelsFor Tuesday Sep 12, 2017 S&P 500 Above 2491.4 Go Long For Targets 2495, 2496.7, 2500.4, 2505.2, 2507.3, 2510.5 Below 2484.8 Go Short For Targets 2481.2, 2479.5, 2475.8, 2471, 2468.9, 2465.7 by SquareDoubleThird1
S&P 500 Daily Spot Modified Fibo LevelsFor Monday Sep 11, 2017 S&P 500 Above 2465.5 Go Long For Targets 2470.1, 2472.2, 2476.8, 2482.9, 2485.4, 2489.5 Below 2457.3 Go Short For Targets 2452.8, 2450.7, 2446, 2440, 2437.5, 2433.4 by SquareDoubleThird1
S&P 500 (SPX) Daily Spot Modified Fibo LevelsFor Friday Sep 8, 2017 S&P 500 (SPX) Above 2469 Go Long For Targets 2473.4, 2475.3, 2479.8, 2485.5, 2487.9, 2491.8 Below 2461.2 Go Short For Targets 2456.8, 2454.9, 2450.4, 2444.7, 2442.3, 2438.4 by SquareDoubleThird1
S&P 500 (SPX) Daily Spot Modified Fibo LevelsFor Thursday Sep 7, 2017 S&P 500 (SPX) Above 2469.5 Go Long For Targets 2474, 2476, 2480.6, 2486.5, 2489, 2492.9 Below 2461.5 Go Short For Targets 2457.1, 2455.1, 2450.5, 2444.6, 2442.1, 2438.1 by SquareDoubleThird2
S&P 500 Daily Modified Fibo LevelsFor Wednesday Sep 6, 2017 S&P 500 (SPX) Above 2462.1 Go Long For Targets 2466.8, 2468.9, 2473.8, 2480, 2482.7, 2486.9 Below 2453.6 Go Short For Targets 2448.9, 2446.8, 2441.9, 2435.7, 2433, 2428.8 by SquareDoubleThird1
S&P 500 Daily LevelsDaily Levels S&P 500 (SPX) Above 2480 Targets 2484.25, 2486.07, 2490.23, 2495.59 Below 2472.91 Targets 2468.85, 2467.03, 2462.87, 2457.51, 2455.26by SquareDoubleThird1
SPX : Just a check with Time Cycles...Time cycle can be applied on any chart, it gives you approx zones on time axis where you can expect low or high... This is not for trade decisions, just shown Time cycles can be used if you are interested... Happy Weekend,Enjoy... :) by InsiderBUpdated 5520