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Sp500short

S&P500: Selling On A Pullback 8-3-22 S&P 500 – Cash: Selling A Pullback Into The Range Of Bearish Fakey Setup Price Action: There is no new price action signal to note at this time. Price moved lower from the recent Bearish Fakey Setup that had formed, mid-last week. Price broke and closed under the 4245 – 4270 prior key support area. Price briefly moved higher from the prior Bullish Pin Bar signal that had formed, over a week ago (We did not consider trading this signal as it had formed just under the short-term resistance area and against the recent short-term Bearish trend). Potential Trade Idea 1: For more aggressive traders, we are considering selling if price pulls back to within the range of the recent Bearish Fakey setup, with risk management above the Fakey Bar. Potential Trade Idea 2: We are still considering selling on a retracement higher and only after clear price action signal, whilst price remains below the 4484 – 4494 resistance area.
UShort
by UnknownUnicorn393254
ES1! - S&P 500 P5 Is CommingThe Red Pitchfork ...projects the most probable path of price. Price has a high tendency to trade within this projection. Don't fool yourself - it's not just a Channel. It's nature derives from teh law of physics. That's the reason why pitchforks are so accurate. The SHIFT in price was a perfect one. It's not ususal that a shift in price shows up that nicely. The Count 0-5 gives us a idea, where in the 0-5 cycle we are (has nothing to do with Elliot-Wave). Currently price works on P4. Watch closely: From 2 to 3, there is a pause - a Pivot. I call these moves Sine-Waves. Most of the time, the middle part of the SW, the pause, will be breached, before price turns it's primary trend, which in this case is down. That's where the yellow horizontal line comes into the game. I would not be surprised to see the S&P500 up there, breaching htis yellow line and then turn back south to create P5! So, the Pivot Nr. 5 is waiting to come into reality. I observe short signs, because I don't want to miss out on this huge leg for "Steak & Lobster" as MaverickOfWallstreet sais §8-)
CME_MINI:ES1!Short
by Tr8dingN3rd
S&P 500 to reach 4118 or 3990.5 before next bounceIf S&P 500 closes below support level of 4291.25, which has held since July of 2021, then that would be confirmation of the following idea. The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart. Points A, B, and C on the chart were used to create a "Trend-based Fib extension" with the same tool that is built into Trading View. A close above 4291.25 would threaten to invalidate this idea.
CME_MINI:ES1!Short
by Cowston
SPY troubleHello Guys, this is a quick update on SP500. Last time I left you calling the double top and evening star pattern while many were expecting higher prices and possibly new highs. As you can see the double top has worked perfectly passing its target of 430. What can we see now? SPY has formed a perfect Head n Shoulder top. This is extremely bearish...if validated. As you can see many properties of this HnS are textbook (50 MA supporting the move, LH, LL). However, the volume is a bit atypical. We can see the volume has increased considerably at the beginning of the RS in an attempt by bulls to hold SPY on support. nevertheless, the rally was short-lived with volume decreasing and increasing on sell-off. I expect now a small bounce from here retesting the diagonal resistance (Head to Rshoulder) and a possible retest f the 50MA. If this attempt fails to break the resistance then I'll be expecting the HnS to workout perfectly. The target would be 377 ish, or 3770 if you are tracking the SPX. FOLLOW ME, SHARE, LIKE AND COMMENT
AMEX:SPY
by CFcryptoTA
ES1! - S&P 500 Bear CountThe 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks. Any Swing or Pullback can be counted from 0 to 5. When 5 is reached, it restarts from 0, again to 5, just in the opposite direction. This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules: Up-Swings: A new high is CONFIRMED when the last low got broken Down-Swing: A new low is CONFIRMED when the last high got broken. Here in the S&P 500 we see 3 different counts. - grey = Pendulum Swings, the biggies - yellow = Swing count withing the Pendulum Swings - red = Pivot count within the yellow Swing count Currently we are in a overall down-count. Nr. 3 of the grey, Nr. 5 of the yellow and Nr. 3 of the red. So, a very good short opportunity. Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork. And finally the bear flag where you see the red 1-2 count. If all this fails, then we see a much higher grey 2,4,5 high count. Let's find out.
CME_MINI:MES1!Short
by Tr8dingN3rd
SPx500 (Y22.P1.E2). More correction?Hi All, We have seen the 1st announcement with interests rates which dropped the market. We just got another increase announcement slightly more than what the market expected. CPI. Just looking at the chart and channel, I think the 2 scenario's are valid. ABC correction is taking place with a mild or deeper correction to play out. The deeper correction can play out to a descending wedge. As you can see on the RSI, we have a signicant bearish divergence.... I have 3 scenarios based on the RSI history. I don't favour any....but its worth having some cash handy now for the drop. All the best, S.Sari
OANDA:SPX500USDShort
by ssari
ES1! - S&P 500 Short Leg to the southWe have: Counting 0 to 5 and we had a DT on point count 4. Now we wait for the 5 o a new low below the count 3 The orange A/R catches a lot of extremes, including the count 4 DT. The red down-sloping pitchfork could give support on the U-MLH. The pullback from 3 to 4 is EXACTLY 61.80% ! Guys & Gals, there is too much confluence IMO not to imagine that the ES1! will not make a new P5 Low. This is ultra short to me, but of course, in these crazy markets only a proper stop can save us from a desaster. So use stops! I'm short and I take my profit an P5 below P 3 if possible.
CME_MINI:MES1!Short
by Tr8dingN3rd
2
SP500- Bulls need 4400 intactAfter dropping to 4250 in January, SP500 has started to recover and has risen to 4600 confluence resistance given by a falling trend line and a horizontal level. A correction followed this move and, again, SP has stopped its descent in 4450 newly formed support. If the 15% drop from the beginning of the year was just a correction or the beginning of a medium-term downtrend remains to be seen. What is pretty clear at this point is that as long as the price stays above 4400 we can expect a new leg up and a daily close under this figure would expose the recent low, but more importantly would confirm a lower high at 4600, which is very bearish for the stock market. P.S: Charts are similar for Dow30 and Nas100
OANDA:SPX500USD
by Mihai_Iacob
17
ES1! - S&P500 FuturesThe up-sloping Action/Reaction lines (orange) gives us some framing around the craziness. The Red pitchfork catches the extremes and important turning points For now we have Swing P3 and P4, now there is missing P5. What does that mean? It means I see another flush to the downside. Yesterdays weakness is another indication for it. For now, I stay out of this market, since everything is in a bunching mess. If anything, I buy puts to profit on a potential downside and limit the risk.
CME_MINI:MES1!Short
by Tr8dingN3rd
SP500- We can have a bounce, but the outlook is bearishIn my previous SP500 analysis I said that I expect a break under the channel's support and that my target is the 4250 zone. At this moment we have this break and we are halfway to my target. A bounce now is not out of the question, but this (in my opinion) doesn't represent the resumption of the uptrend, but just a corrective rally. Bears can look to sell rallies around 4500 and slightly above and only SP500 back above 4700 would put a pause in this bearish scenario. Things are looking even worst on the weekly chart: SP500 has started the year with a strong bearish engulfing and all 3 weekly candles this year are read, with a very strong one last week I would be surprised at all to see SP500 trading under 4k in the half part of the year Good luck trading SP500! Mihai Iacob
OANDA:SPX500USDShort
by Mihai_Iacob
13
S&P - MES1! Divergences & Sine WaveDivergence The AO Indicator and the highs show us repeating Divergence. Sine Wave The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp. Fork And finally the Pitchfork. This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea. My short will be initiated on a break of the dotted Trendline.
CME_MINI:MES1!Short
by Tr8dingN3rd