Taking another shotSell: 4010 or higher
Stop: 4035
Notes : second sell attempt based on the model
The model:
The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell.
On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven
Sp500index
SPY S&P 500 ETF Put OptionsI think SPY is nicely following the path to reach $348 by mid-2023 to form a Double Bottom pattern:
My choice for puts is as follows:
2023-4-21 expiration date
$375 strike price
$2.79 premium.
I plan to exit fast, won`t hold until expiration.
Looking forward to read your opinion about it.
BUY US500 on correction. Short term ideaUS500 broke out of falling channel, retested it and creating a new growing channel respecting its boundaries.
BOOK of SAMUEL: DAVID V GOLIATHWow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is also confirmed, it could indicate that the trend is changing and that an uptrend is beginning.
SPX Model Trading Plans for FRI. 03/24When Bank Safes Don't Feel Safe Anymore...
Not just U.S. regional banks, but CreditSuisse the other day and now Deutsche Bank...investors seem to be wondering if they can feel safe with their banks, and that could lead to them first selling and then asking questions. So far, there doesn't seem to be much of a panic on the markets...yet.
As we wrote in our trading plans yesterday, "For now, markets seem to be still parsing and confused as indicated by the whipsaw action so far". This confusion now could be spreading to not only the FOMC's ability to fight inflation, but about the Fed's ability to avert another 2008-like meltdown in the financial system. How this confusion evolves would have a bearing on where the markets will go in the short term, and we have no way of knowing it.
Positional Trading Models: Only nimble, opportunistic trading - as opposed to positional trading - could be safe in these waters. Hence, our positional models are indicating to stay on the sidelines for yet another day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for FRI. 03/24:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3957, 3948, 3941, 3926, or 3911 with a 9-point trailing stop, and going short on a break below 3946, 3937, 3923, o 3908 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 3953. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:05am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #pce
S&P500 Index Range Shifted UpQuite recently the Fed is adding $300B on it's balance sheet to save the economy from banking crisis. The move is effectively reversing the QT to temporary QE. As a result the amount of money supply circulating on the market is increase as shown on this Index Value Rainbow Indicator. Based on these fact we can expect the S&P500 index price range will be shifted up for quite significant amount higher than my previous prediction. S&P500 price could be moving somewhere between 3750 - 4400 in couple months to go.
We are using Index Value Rainbow indicator to measure the value of stock market index across various major indexes. This indicator shows multiple value of base Money Supply or Net Liquidity. For US market Net Liquidity formula is as follow:
NL = FBS - ( TGA + RRP)
NL = Net Liquidity
FBS = Fed Balance Sheet
TGA = Treasury General Account
RRP = Reverse Repo
S&P500 - Upside is over Hello traders! In previous posts we explained how we believed the last leg up from October's low in the SP to be a primary corrective wave (B) to the upside on overconfidence about the soft landing narrative and FED policies. You can see from this daily chart how low were volumes during this last period.
We were expecting the target of this upside movement to be around 4300, but price seems to be failing before, reentering into the previous downtrendline (blue) from January's 2022 top.
Either the impulsive movement to the downside is resumed and we are aiming at lower lows, or the primary (B) to the upside still has to conclude and we would be in a retracement before completing it higher. In any case, we believe more downside is coming and we are trading the Head and Shoulder showed in the chart (diagonal neckline), from @3940.1, targeting below 3700.
We will update below. Happy trading! ;)
SPX Model Trading Plans for THU. 03/23Collateral Damage or Covert Help?
(after being stuck in an indeterminate state, our models are out today with their trading plans for the day)
The banking meltdown seems to be the collateral damage from the Fed's battle with inflation. Chair Powell tried his best to be balanced in his press conference post-FOMC yesterday, trying to indicate his preparedness to fight the inflation while indicating he is aware of - and, is on top of containing - the collateral damage that seems to be manifesting in the form of the crisis in regional banks.
The crisis - and the resulting potential economic slowdown - could be a helping hand to the FOMC in its fight. The next leg in the markets will depend on how it is interpreted by the investors. For now, markets seem to be still parsing and confused as indicated by the whipsaw action so far.
Positional Trading Models: Our positional models are indicating to stay on the sidelines for the day.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 03/23:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4005, 3996, or 3982 with a 9-point trailing stop, and going short on a break below 4000, 3993, or 3978 with a 9-point trailing stop.
Models indicate explicit short exits on a break above 3864. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:30am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #pce
My today's view on SPX500 FutureHi Traders,
This is my view for today on ES
Ok, the micro-structure. Is aligned to the macro one from are 4050. There is one more GAP to fill around 4080 area.
Today’s target is 4090 and could be reached directly during London Session or (better to me) by a liquidity grab from 4057 or Asian Session High Level.
Pit, Trading Kitchen
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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SP500- 3850-3800 zone holds the keyAs I explained before, I don't think has turned bullish and the 4200 zone should offer great resistance.
Indeed, from that zone, the index has started to drop, and although we have had a mini up trend in the past 2 weeks or so, the rise is anemic and clearly corrective.
Yesterday's strong bearish engulfing could announce a new local top and lower high in place and we can assist a new leg down in the next weeks.
A key level for bulls is the 3800-3850 zone and if they are unable to hold that level, a new test of 3500 is very probable.
Hello US Hyperinflation - hello BTC reserve currency. Starting off I really had this event happening around 2030s, but here we are in 2023 just as Weimar Germany in 1923 stuck with too much debt to gdp.
I don't care what the debt comes from or is spent on when a government goes Weimar and allows debt to get too far from a countries GDP its the point of no return. Done. Settled. There is no coming back.
So where are we in US history?
1. US dollars are no longer backed by Gold
2. US dollars have been printed to mask a failed regulated banking system
3. Inflation remained low due to US military operations and military debt spending
4. Now US inflation is appearing while the banking system is in crisis, meaning its game over. Its the great depression or hyperinflation
5. Too much inflation for wages? here take some stimulus money. Can't afford rent? here take some stimulus.
Measure the DXY index to US money supply you can clearly see its game over, measure the US stock market in US money supply you can clearly see its game over.
Hyperinflation happens when you least expect it, the global banking system is already betting on the CNY being the new reserve currency for the next 100 years, but guess what? I don't think this is going to happen, bitcoin has already given the leaders in China a reality check when they saw what BTC was becoming and tried to ban it, followed by shadow miners and the Chinese government collecting BTC for insurance.
bitcoin will be the last peaceful weapon of last resort that will somehow plug into a new US CBDC that will be backed by bitcoin its the only way out of this mess.
there's a reason mining has been allowed, taxes to be harvested in BTC, + the US government got selling any Bitcoin while the Russian government has been doing similar, all giant countries are aware of this.
Will the US Government try ban Bitcoin? Nope the opposite they will front run exports / imports in a CBDC / Bitcoin hybrid and become the leader of the new world reserve currency Bitcoin.
This way China will be happy, Russia will be happy, there's no more fighting over some reserve currency.
Final thoughts, if this is it we will see stock markets rise and appear "recovered" real estate start to halt declines DXY will start to weaken people will get asset richer while getting asset poorer, followed by hard assets like Gold and Bitcoin doing things you can't even imagine.
This is Bitcoins moment, once those printers start in the G7 countries.
US government will never allow a CNY reserve currency without World War 3, a bitcoin standard? possibly bitcoin will prevent a world war 3 scenario over power.
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1. The hyperinflation crisis of 1922-23 was caused in large part by the Weimar government printing banknotes to pay striking workers in the occupied Ruhr.
2. By mid-1923, the printing of these banknotes, which were not backed by gold, was causing a rapid increase in both prices and wages.
3. This hyperinflation led to farcical scenes, such as extraordinary prices and Germans pushing wheelbarrows of cash to buy simple items.
4. Hyperinflation also eroded the cash savings of the middle class and caused foreign exchange rates to skyrocket, disrupting commercial activity.
5. The hyperinflation crisis was eventually ended with the formation of a new reserve bank and the issue of a new national currency called the Rentenmark.
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TRADE UPDATE: TARGET REACHED - SP500Our short term trade paid off nicely even though it took 5 days.
The price headed to our target price of 4,008.
We now need to bank our profits and move on to the next trade.
Now we have a gap that is still to fill and we have orders to still fill on the daily (Fair Value Gap).
But I'll let you know!
S&P 500 Index Long The banking failures and constant layoffs happening in real time I believe will impact the Fed and Higher rates and recession may be imminent. We have been breaking structure to the upside and I am looking for a retrace between 3955.00 and 3980.00 with the first target at the 4027.1 level. Currently bullish until the market specifies a break of structure below the 3923.00 level.
S&P500: U.S. Jobs Data Impact on Expected Fed Rate HikeOn the daily chart of the S&P 500, the Federal Funds futures indicate a probability of nearly 60% for a 50 basis point rate hike. Today's release of U.S. employment data may either reinforce the possibility of a 50 bps rate hike or tilt the balance towards a smaller increase of 25 bps. Experts predict that the U.S. economy will see the addition of around 200,000 new nonfarm jobs in February, with a projected increase in wages from 4.4% to 4.7%, and a steady unemployment rate of 3.4%.
Ideally, weaker U.S. jobs data would be preferable. Otherwise, the Federal Reserve may have to take action by implementing a 50 bps rate hike this month, which could speed up the decline in stock prices. If today's U.S. jobs data is below expectations, it may push back the anticipated Fed rate hike to 25 bps. On the other hand, if the employment data is strong, it will likely solidify the idea of a 50bp Fed rate hike later this month, resulting in higher yields and U.S. dollars but lower stocks.
03/20/2023 (Monday) SPY and Market Analysis and Deep Dive into cIn this Video I discuss The technical analysis of the SPY ETF which is a proxy the S&P500 that is often a tell on general market movements. I also discuss broader market Macros I have been watching including last week's and next weeks economic events. We also discuss some recession indicators, and other charts that show headwinds and tailwinds to equities.
You can use the links below and hit play to see the progression of these indicators from when I initially published them.
Please remember to like and subscribe in You Tube or Follow and Boost In Trading View. The feedback is very welcome also.
SPX500: Testing Support, 3 Scenarios.The S&P 500 index dropped to test the lower trendline of the ascending channel, which also corresponds to the support level of 4000.0, the 23.6% Fibonacci level, and the intersection of the 50-day moving average. It is likely that the price will rebound towards the level of 4085.0, with three potential scenarios:
1- The price fails to make a new high and tests the neckline of the Double Top pattern to continue its downward movement.
2- The price surpasses the level of 4085.0 and reaches the level of 4160.0, but fails to make a new high above the previous peak that lasted from February 1st to February 20th. Momentum indicators show a divergence indicating the formation of a Double Top pattern with a neckline at 4085.0.
3- The price surpasses both levels of 4085.0 and 4160.0 and aims to continue its upward movement in the current ascending channel, with a target of 4300.0.
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US500, D1|Potential bearish breakoutBanking crises in the U.S. and Switzerland have shaken financial markets causing price to breakthrough 1st support
Entry: 3,858.85
Why we like it:
Price has broken through 1st support
Stop Loss: 4,052.71
Why we like it:
There is an overlap resistance
Take Profit: 3,755.50
Why we like it:
There is an overlap support
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The Story Behind Bulls and BearsHello @TradingView family , this is @Vestinda, and let's have some fun and enjoy the markets together.
Vestinda is driven to offer our knowledge in developing winning strategies and make traders tasks easier.
This is The Story About Bulls and Bears. Bulls can lift things up, Bears can eat you for lunch.
Who Are The "Bulls" And The "Bears" In The Market
The terms "bulls" and "bears" are included in the trader's slang as the main categories of players in the market. Understanding the technique of the game will help you to understand the intricacies of how the market works.
"Bulls" are buying investors. Like their totem, they lift the enemy up on the horns. "Bulls" buy, wait for the rising rate and sell at a higher price. They dream of a prosperous economy: the lower the unemployment rate, the higher the GDP, the faster markets grow. Warren Buffett - the most famous representative of the bulls .
The Bears play on the opposite side. They earn on the depreciation, in a fading economy. Their ideal world is high unemployment, low GDP and large-scale crises.
It all starts long before the collapse of the market: the “bears” buy on credit and immediately resell, artificially creating a drop in prices. After the price becomes cheaper, they are purchased again, but at a lower price, and the debt is repaid. The difference between the first and second purchases is the profit of the bears.
💲 How Bulls Make Money On The Market 💲
"Bulls" buy, when they are sure that the market will go up. Examples of situations where this is possible:
🟣 the shareholder enterprise has published a financial report, and the figures exceeded forecasts;
🟣 the new reform allows to pay less taxes, thereby increasing profits;
🟣 the company has introduced a new product, which, according to analysts, will be in great demand;
🟣 the level of well-being, salary and solvency of the population are growing, which has a beneficial effect on the company's profit.
Bullish trades take time – you have to wait to make money. "Bears" are distinguished by shorter trades and the prospect of quick earnings.
A red flag for the bulls is an increase in prices by 20% from the lows and the presence of strong prerequisites for further growth. The most favorable moment comes when there are more buyers than sellers on the market.
📍 There Are 4 Key Phases Of A Bull Market:📍
1️⃣ "bearish" trends are gradually fading;
2️⃣ the backdrop of negative news has ended, but there is no confidence in future growth yet, the market is moving sideways, the growth of prices alternates with a fall;
3️⃣ the economy is going up, volatility is decreasing, investors are optimistic;
4️⃣ the peak of growth, traders make easy profits.
The market trends are cyclical, a bull market becomes overbought over time and inevitably turns into a bear market. The move up can be uneven, with periods of pullbacks and corrections, that provide an opportunity to profit on counter-trend trades.
As a rule, prices didn't rise as quickly and unpredictably as they fall. Therefore, transactions in the "bullish" market are characterized by a longer period, the so-called "long positions". Both own and borrowed money, shares and other assets, which are returned after closing, act as collateral.
Long positions are considered more stable, predictable and calm. Therefore the majority of market participants are "bulls" (or consider themselves so). In an uptrend, it's easy to choose an investment because almost everything goes up. However, the "bulls" need to be careful and remember, that there is no eternal growth, the market can be oversaturated at any moment, turning in the opposite direction. It is important for conservative traders to exit the game on time.
💲 How Bears Make Money On The Market 💲
The bears enter the arena during a downturn in the economy and prices. Their tactic is to sell at the beginning of a downtrend and then buy at the end of a downtrend. If they guess the high and low points of the bear market, they will receive the maximum margin.
Examples of situations, that will play into the hands of this category of traders:
🟣 there were large-scale economic crises, force majeure situations, natural disasters, epidemics, wars;
🟣 the shareholder enterprise found itself in the center of a scandal or changed its general director;
🟣 sales of the new product failed.
A "bear" market comes into its own, when prices fall by 20% from the maximum.
There are 4 main stages of the trend:
1️⃣ the bull market is oversaturated and goes into overbought phase;
2️⃣ against the backdrop of negative sentiment, prices fall sharply, and trading activity decreases, panic arises on the market;
3️⃣ prices fell quite strongly, but continue to gradually decline, at this time “bears” enter the market en masse;
4️⃣ seduced by cheaper prices, conservative investors become more active, due to which the market gradually turns in the opposite direction.
Thus, the "bear" market is gradually replaced by a "bullish" one.
Can a Bull become a Bear?
In fact, these divisions are rather arbitrary, they were created by exchange slang. Officially, in the market, you do not need to indicate yourself in which category you belong, so no need to be a bull or a bear all your life.
Traders' strategies are good because they can be adapted or completely changed to specific conditions on the exchange. It's not always possible to sell shares at the maximum or buy at the minimum price, so you have to adjust to the average attitude. Therefore, a “bull” can become a “bear”, just like a “bear” can become a “bull”.
Conclusion: What are Bulls and Bears in Trading?
Bulls and Bears are two sides of the stock market. Bulls are traders who believe that the stock prices will go up, while bears are traders who think that the stock prices will go down. In trading, these two forces are constantly at work, and understanding their roles can help you make better decisions when it comes to investing. Bulls and Bears play an important role in trading as they provide insight on the direction of a particular security or market trend. By understanding their roles in trading, investors can more accurately predict future price movements and make more profitable trades.
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SP500 a short term outlook 🦐Based on the 4-hour timeframe, there are clear indications of a bearish trend in the S&P 500 index. After testing the weekly resistance level at 4160, the market started a bearish move with a series of lower lows and lower highs.
Further analysis shows that the market retraced to the 0.618 Fibonacci level after the first bearish impulse and tested a daily resistance level perfectly. This level is known as an inversion point, indicating a high likelihood of the market reversing its trend.
From there, the price created a second impulse toward the lower weekly support, indicating a continuation of the bearish trend.
As such, it may be wise to wait for a new opportunity to set a nice short order in anticipation of further price declines according to the Plancton's strategy rules.