SPX500: Sell the BreakoutHi Traders,
In the coming weeks, SPX500 will be entering an elongated series of corrective structures before we can see next impulse rally. In the interim, I'm expecting price to push lower in an ABC structure. Look to join short positions when price confirms.
Regards
Wave Theorist
Spx500analysis
SPX500 Trendlines - Fib Projections - Levels of importanceWe have levels of importance as you can see. The middle one is 0.618 from April 2019, a very important level. Other is price projections, with levels of importance, I expect bounce (at least small), from every level on the chart, as you can see it worked so far.
SPX500hey guys, here my SPX500 idea for the next days
i see the price forming the correction B on 1D, price should complete a whole wave before to drop forming C
i believe this pair will give buys on B and sells on C
my first tp will be around the green square i marked up where i think x -1 will be completed, then i will go long till 5 which would b complete B
SPX Outlook for this next two weeks.Perhaps there are a thousand more scenarios although I can see how the index has been losing momentum. Could it be that the market stimuli have not been sufficient and we are facing the continuation of the correction?
I have drawn in yellow my main idea, that this is falling apart again. In another colour, a kind of orange, the idea that the market is still sleepy and that can go higher (I can not imagine how, but the probability exist.
What are your thoughts? What part are you on?
Thanks!
SPX500 scenarioOur view on #SPX500:
Price reacted very well on the last Fibo Zone in 2900 Area.
The next one is around 3000 and we're sure the price is going to reach that zone and bouncing downside to 2900 Area.
This is a possible short trade.
We only have to wait for a confirmation for a long trade to area 2900.
It seems a Wave pattern is consolidating. We only need to know where the point 4 will be.
Which channel will be confirmed? Time Analysis suggests us we will discover it on Monday!
S&P 500 INDEX (SPX) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
SPX500: Bull Rally May ResumeHi Traders,
Until the drop we had on February 20th, price was making a strong case for continuation towards 4000. This may still happen, as this current drop has completed a WXY expanding flat (i.e. wave 4 on the higher degree).
I'm therefore looking for price to confirm long setups as it is expected that the bull rally may resume.
Trade with care!
Regards
Wave Theorist
SPX500 what's next?#SPX500 what to do in the long term?
Today Market strongly bounced up between 2 Fibo Fan but it didn't hit yesterday's maximum.
This let's suggest the ending of the bullish movement started today.
Anyway, there are 2 key levels that need to be monitored:
- 2390 (last minimum)
- 2750 Area
We keep selling until 2390 and under 2750, we go long only if a daily candle will close above 2750
S&P500 SPX LONG SET UP AFTER CORONAVIRUS HIT MARKETBUY LIMIT S&P500
ENTRY 1 3014
ENTRY 2 3006
SL 2980
TP.1 3054 & TP.2 3106
Tp.3 3154 & TP.4 3206
TP.5 3254 & TP.6 3306
Stock market’s 6-day drop flirts with fastest slide into correction territory since 2008
Another sharp fall for U.S. stocks on Thursday pushed major indexes into correction territory, marking a drop of more than 10% from all-time highs. Here’s where major indexes would need to close to formally mark a correction.
MarketWatch · 9 minutes ago
SPX500: probably short for a long time#SPX500 is on a crucial point.
3120 is a key level. If broked we suppose for it to go touching the 0.5 Fibo Fann level.
Same thing for #Dax
S&P500 - crucial support needs to holdS&P futures reached major support area, which definetely needs to hold now for possibility of another ATH in 2020
Otherwise, if price is going below 3000, equity markets are in major trouble and we are likely entering phase of major bear markets and economic recession, last seen during 07-08 period.
Therefore, long ideas should be attempted with major caution and tight stops. Yes, it may be another opportunity to buy the dip, but if it is not, we should be prepared.