Sp500short
My today's view on SP500 - FutureHi Traders,
This is my view for today on ES
Micro and Macro structure are both aligned. There’re few zone I’ll wait for the price to test:
- 4025 for a short
- 4080/90 for a short, as well
- 3960 for a long (but I need a strong confirmation)
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.
Up and then down, or straight down? Either way we're going down!With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a very sharp move down. Either way we're convinced that over the next few months we're heading lower to 3200 as a minimum. But of course the important part we need to establish now is if we move higher for a minor wave 2 or up for the Y wave of the primary wave B. We're expecting the move down to terminate around 3800 before moving up, of course we will be closely watching this move up to see if we get 3 waves or 5 waves to confirm which count we are in. Exciting times are ahead with some big opportunites to make profits.
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.
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.
SMC SPX500 Price might go up but I'm looking for shorts onlyWe are looking at the SP500 on 15 minute time frame.
we see two Dotted lines -
Green - Daily High of the previous day
Red - Daily LOW of the previous day
The daily trend is DOWN - so Daily Bias is look for shorts.
The first hour, the market came down and formed a new low before we had a break of structure to the upside. This forms what's known as Sell Side LIquidity - Order Block.
WHy? Because Smart Money goes down and sweeps liquidity where they buy into the market for the day.
Next we can expect the prices to move up then retrace BACK into the LIquidity zone. Once this happens EITHER the market will move up for the rest of the day where intraday traders will go long.
Or it will break below and form lower lows forming Buy side Liquidity (stopping buyers out).
We ONLY will short the market because Daily Bias is bearish... So even if the market goes up, there will be no trade.
If Buy Side Liquidity Order Block Forms we will have a trade to go short.
I'll be waiting - what are your thoughts?
My todays' view on SPX500 futureHi Traders,
This is my view for today on ES
Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short).
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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US500 Trading Plan - 4/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect US500 to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
$SPY PUTS If we held above $400 it would signal a larger move up. Likelihood of that happening is quite low in my opinion. With a big week of low expected earnings, possible negative news coming from Powell, and many companies looking lacklustre with weak guidance, I expect that we can see a strong rejection of the $400 level.
Closed one put already from $399 to $396 and will gradually re-open a few Puts for March/April expiration between $397-$399
Looking for a TP level around $370 or at the .618 fib line. Not because it would be a bottom, but a good level to take profit as we approach expiration and where we might see a possible bounce.
Stop loss would be $400 as I don't expect us to head back above this level. However, if we do, the risk/reward ratio is worth it.
Good luck everyone.
SP500 SELLeace, mercy and blessings of God be upon you. The triangle has been successfully broken, and the uptrend, the market is in a downtrend.
SPXS - There be no Bears here - only BullsThere be no bears here - only bulls!
TIP: Using a stochastic with settings of 5 for %K and 5 for %D you can get an idea when prices are bowing into the dance.
When bears become dominate, inverse ETFs become profitable.
SPXS:
Entry (Stop-Limit) - 20.45
Stop Loss - 18.85
First target - 21.36 (+4.6%)
Anticipated target - 23.57 (+15.27)
A little ugly coming our wayThis past week the bar was caught between the previous bar values which is typical of an adjustment to prices.
The result was a close for the week in the lower 40% of the bar which adjusted the previous bar to a close in the mid section of the bar, or ~41.64% of the previous weeks range. This indicated indecision of a bearish nature.
A potential test of 4007.23 - 3867.02, of which the lower section is testing the mid-December range of 3389.82 - 3746.49
Tighten your stops-losses to just below (by about .002%) this weeks low bar on anything you are trading if you have anything in profit.
This will lock your profit in and should provide you with a potential discount to buy back in after the the test completes itself.
The sectors look like as noted below:
Discretionary - Bearish
Info Tech - Neutral-Bull
Telecom - Bearish
Real Estate - Bearish
Materials - Bearish
Financials - Neutral-Bear
Industrials -Neutral
Staples - Bearish
Health Care - Bearish
Utilities - Bearish
Energy - Bullish
Keep you stop-losses tight
-PriceProphet
DON'T GET TOO BULLISH!Okay, I'm just gonna say it. People have the attention span of gold-fish. We cannot forget the storm that is brewing and the bullshit they're setting up.
For starters, don't forget about SBF and FTT. But wait, what was even before that? The Evergrande Situation? And then what about before then/around that time...(See, I'm guilty of it too), but there was there USDT nonsense before that....and what's kind of driving it all? Bitcoin!
So, they figured out how to manipulate Bitcoin in a way that it wasn't meant to be manipulated. Instead of it being "non-hackable" and "non-inflationary" this is what they managed to do. And I need you to really think about what I'm about to say:
We're going to fast-forward past any tin-foil involving BTC and it's creation...Let's go to USDT:
Tether (USDT) is a stablecoin that is designed to maintain a value of 1:1 with the US dollar. This means that for every Tether token issued, there is an equivalent amount of US dollars held in reserve. The purpose of Tether is to provide a stable alternative to cryptocurrencies such as Bitcoin, which can be highly volatile. It is widely used as a store of value and a means of exchange on cryptocurrency exchanges, where it can be used to trade for other cryptocurrencies.
The answer to the question “What is USDT?” involves four specific parts:
USDT is an abbreviation for the term United States Dollar Tether
United States Dollar Tether (USDT) is a blockchain-based cryptocurrency
USDT is also known as Tether
USDT is the symbol under which Tether tokens trade
But USDT is much more than just those four details. At its heart, it’s a centralized, fiat-collateralized stablecoin.
(www.vauld.com)
Let's see what my good friend ChatGBT says; which by the way, exists only to steal your ideas and the collective human consciousness. It's the same reason why Elon Musk really wanted Twitter for $54b when he could have easily bought or build his own social media platform for a fraction of the price. Elon wanted the data of the human mind and social interaction. That's why it was such a fight with the bots, and why he also immediately went to a "Free Speech" platform (Even though they all did at the same time. Stuff you see on Youtube now you would have never saw 1-2 years ago...or since 2020, but I digress) Elon needed the bots gone because it corrupts the data (You wouldn't want to upload AI into AI under the impression that it's human behavior.) and he wanted the free-speech because people's voices have been politically censored for the last like 10 years, progressively getting worse and worse each year, and then before you know it, the entire data is full of fake human interaction and not the true nature and opinions of people, which is why he needed free-speech. Elon obviously has plans for some insane AI, and my guess is it involves nueralink, and I for one will not be participating in that, and those of us that don't are going to get left in the stone ages. Okay, my bad, back to ChatGBT/USDT. Here is a convo we had.
Me: When did USDT go public?
ChatGBT: Tether (USDT) is a stablecoin that is pegged to the US dollar. It was first issued on the Bitcoin blockchain as an ERC-20 token on the Ethereum network in October 2014. It later added support for other blockchains such as Bitcoin Cash, Litecoin, and TRON.
Me: "Tell me more."
ChatGBT: Tether (USDT) is a stablecoin that is designed to maintain a value of 1:1 with the US dollar. This means that for every Tether token issued, there is an equivalent amount of US dollars held in reserve. The purpose of Tether is to provide a stable alternative to cryptocurrencies such as Bitcoin, which can be highly volatile. It is widely used as a store of value and a means of exchange on cryptocurrency exchanges, where it can be used to trade for other cryptocurrencies.
Tether was first issued on the Bitcoin blockchain as an ERC-20 token on the Ethereum network in October 2014 by Tether Limited, a company based in the British Virgin Islands. Since then, it has added support for other blockchains such as Bitcoin Cash, Litecoin, and TRON.
Tether is one of the most widely used stablecoins in the crypto market and is considered to be one of the most important players in the stablecoin space. Despite this, there has been some controversy surrounding Tether, with some critics questioning the transparency of the company's reserves and how it manages its funds.
Me: "Have they been under investigation or public allegations or involved in any alleged scandals or fraud?" (I already knew the answer to this).
ChatGBT: "Tether and its associated companies have been subject to a number of investigations and public allegations over the years. The most notable of these include:
-In April 2019, the New York Attorney General's office announced that it had launched an investigation into Tether and the cryptocurrency exchange Bitfinex over concerns that the companies had covered up a loss of $850 million of co-mingled client and corporate funds.
-In January 2020, the U.S. Commodity Futures Trading Commission (CFTC) also announced that it had subpoenaed Tether and Bitfinex as part of a probe into whether the companies had manipulated the cryptocurrency market.
Some critics have raised questions about Tether's reserves and whether the company truly holds enough US dollars to back all of the Tether tokens in circulation. Tether Limited has undergone a number of audits by different firms over the years, but some have criticized the scope and methodology of these audits.
It's important to note that Tether and Bitfinex have denied any wrongdoings and disputes the NYAG's allegations. Furthermore, Tether has also been working closely with authorities and regulators to address any concerns and to comply with laws and regulations.
It's worth mentioning that these investigations are ongoing, and no formal charges have been filed against Tether or Bitfinex as of this date.
It's important to note here that Tether's website used to say that they will follow a consistent and constant audit of all dollars and tokens, ensuring a 1/1 ration, but they quickly removed it. I'm currently struggling to find it with the wayback machine, but you'll just have to take my word for it or find it yourself.
So what happened is, you had more USDT being created than USD flowing into USDT....meaning they're creating more USDT than the USD they're receiving, and that magically created USDT is what is being used to buy BTC.
So, for example...let's just keep everything super simple....USDT is supposed to be valued $1 USD. Now let's say for every 1 USD that goes in, that Tether produces $2 USDT..meaning that USDT would be worth $.50 USD in all actuality. Now lets say that those $2 USDT are used to buy BTC, which is primarily how all BTC purchases go...That would artificially drive up the cost of the BTC because the BTC thinks it's taking in $1 USD for every $1 USDT they receive. Do you see what I'm getting at? So this is looming in the background and we need to not forget it...especially considering everything else this last 2 years, but we will get into it.
Then they printed $5t, a lot of which was taken right back through traps set up via financial psy-ops...and trust me, all these companies know whatever is coming. They don't care that they bought at highs, because they not only rug-pulled you, they also managed to sell digital tokens of the actual coin itself...hello, ROBINHOOD!? WEBULL!? Anywhere else that sells you crypto that you can't access.
I'm just saying, you've got that looming in the background, then the arrest of SBF, who was closely associated with Bitnfinex with is associated with, and basically is, Tether or Tether Limited. All these sharks are good at what they do and people fall for the traps all the time. Perfect example, the one that's going on right now.
If you're a trader, by all means, trade away and make your money...but if you're losing due to the manipulations of options prices, stay away from them....maybe with the exception of buying some long-expiry $350 puts or something....Something is brewing. There's riots, protests, former/current presidents being raided (and for what really?), and SBF who was hanging out in D.C in the years leading up to and after the introduction of FTT.
Just be ready. It's going to get wild.
Oh, And who invested in BTC those insanely high prices? All your favorite S&P companies...
S&P500 Is Likely To Go LowerThe SPX made a false breakout. A false breakout means that the price attempted to break out of a pattern, or break support/resistance. The attempt is successful for a short amount of time, before the price goes back to where it was. This usually is a reversal signal.
For now i'm staying bearish, untill the price goes sideways or manages to break the resistance of the channel.