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Sp500short

The SP500 must test or renew lows!Hello everyone, today I'm going to bring here my view on the SP500 The SP500 is again trading at a downtrend line, which shows that we are in a strong sell zone. This price zone is also confluent with the Fibonacci retracement range between 50% and 61.8% of the last leg down. Knowing this, I believe that prices will test at least these two support bands that I have plotted on my charts. If prices manage to stay above 3750p, we have a more positive context that I will update here, but I warn you that this is not my baseline scenario. And now I'm going to explain to my friends which is, in my view, the most likely context for the SP500 Starting with the 12h chart Here we clearly have a move that follows an uptrend line, so prices remain bullish, but all breakouts of the previous top fail to develop a new swing high, and this is a warning of a wedge formation. The corrections are going deep, whereas after the 10/11 the prices haven't moved and we are at the wedge return line, so a zig-zag below that uptrend line should be a great context for a correction . But you can see that the SP500's 4100p zone is very liquid. So if prices break the previous week's high, we have to be careful not to buy the dead cat jump, I honestly think this possibility of a test at 4100p is lower. On my main read we will look for a zig-zag below the wedge after testing the weekly downtrend line. Look at the 4h chart What contributes to my correction reading on the SP500 is the DXY, see: And this proportionally inverse correlation works a lot, So that's it guys, my reading for the US market is for a new downtrend, after a wedge-shaped pullback, for this reading to change we have to close the current week above 3750p or have a very positive catalyst, I hope it does liked and don't forget to leave your LIKE that encourages me to continue publishing here! Great trades and big hug.
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by leandrosander_
S&P500: Preparing for the next BEARISH move targeting the 3500!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the S&P500, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since the beginning of the 2022, the S&P500 has been moving inside a huge corrective structure, forming inside several impulses and corrections. In May 2022, the market put in place the most recent swing high, where it got a strong rejection just during the previous august! A strong bearish phase started since then , after the market bounced on the resistance and hit the third touch on the HTF corrective structure. Currently, the market looks is corrective its previous move, a formation of a bearish flag could be a potential clue for a further bearish movement, targeting the level 3500! When, where and why would we step into the market? Considering the overall bearish bias, we would be looking only for short position. The market is correcting following our conditions, and a breakout of the actual LTF structure would be our entry for a short till 3500. In the scenario of deeper correction, we would consider to wait for a better entry, and the setup will be temporarily invalidated. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
OANDA:SPX500USDShort
by Cybernetics_tl
28
S&P 500: Selling On RetracementS&P 500 – CASH: Selling On Retracement Into The Range Of Bearish Multiple Inside Bar + Small Pin Bar (Combo Setup) Price Action: Price moved lower from the Bearish Fakey + Small Pin Bar Setup that had formed early last week (We did not consider trading this setup, nor did we mention it). Potential Trade Idea: We are considering selling on a retracement higher to within the range of the most recent Bearish Fakey + Small Pin Bar Setup that had triggered mid-last week.
VANTAGE:SP500Short
by UnknownUnicorn393254
SP500 Recession signal P2Following my previous post, we are getting very close to the final drop, which I believe will be much bigger than people anticipate. Here is the chart for the dot com crash and the 2008 financial crisis, each event has began with a small price increase and then a drop. This event then happened twice more on a larger scale, with the final, aggressive pump resulting in a large crash. We are finally starting to see the final recovery phase, with two strong green weekly candles. I first thought that the crash would happen early 2023, but now I think it could be a lot sooner. Or we could see many more green candles forming which will then result in a larger crash.
SP:SPXShort
by HBSPG
Great Depression SP500 to 1833Billionaire investor Stanley Druckenmiller, founder of hedge fund Duquesne Capital, recently said that “Our central case is a hard landing by the end of 23. I will be stunned if we don’t have a recession in ’23.” Even if a catastrophic recession somehow doesn’t hit the world, high inflation, soaring commodity costs, and plummeting currency values worldwide will ensure global economies will continue to struggle. The real question isn’t whether a downturn is coming. It’s how long it will last. Is a “dead decade” on the horizon? While most investors are used to recessions that take a year or two to recover from, there’s also a chance this upcoming meltdown could be a much longer-lasting affair.
VANTAGE:SP500Short
by criptoken1
2
Looks like two weeks left of the bear market nowThe end is coming in focus. We have re-adjusted some key points and placed the next estimates on the chart. The biggest question was the placement of Minor 1 (yellow), once Minor 2 jumped. We are breaking down the future on the hourly chart to make it easier to follow along. We are in Minor wave 3, a day later than originally expected. The index dropped after the inflation report as expected, but the nearly 200 point rise was surprising. We called the low on the morning of the inflation report the end of Minor 1 and the top occurred early Friday to end Minor 2. We are now in Minor 3. Based on waves ending in 553, models have highest agreement on a length of 1, 2, and 4 days long. Second highest agreement at 5 days and then it drops to 3 and 7 days. Movement extensions based on waves ending in 553 have 1st quartile movement at 124.33%, median at 158.475%, and 3rd quartile at 1.7654%. These levels are plotted with the light blue lines on the chart. Based on waves ending in 53, models have highest agreement on 4 days, second highest on 5 days, then 7 days, 3 days, and 1 day rounding out the top 5 potential lengths. Movement extensions on the same data has the quartiles at 147.99%, 167.45%, and 201.7%. I am looking for a target of about 5 trading days. My models do not count the day Minor 2 ended (Friday October 14) as day 1. This means day 5 would be this coming Friday. Five trading days consist of 32.5 trading hours, and I will round this wave out to around 35 trading hours. Six of those hours has finished and occurred on Friday. Minor wave 3 is composed of 5 Minute waves. Minute wave 1 tends to account for 21% of the overall length of the wave it resides in, Minute wave 2 is around 11%, 3 is 40%, 4 is 9%, and 5 is 25%. Based on these values and an estimated total for Minor wave 3 to be near 35 trading hours, I am projecting Minute wave 1 to last around 7 hours, meaning we may bottom within the first 2 hours on Monday October 17. We would then rise over the next 4 trading hours. I rounded this out to align near the end of trading on Monday, meaning we could top and end Minute wave 2 late tomorrow. Minute wave 3 could last 14 hours. This means the market will likely drop on Tuesday and Wednesday (accounting for around 13 hours). Thursday could begin Minute wave 4 up for around 3 hours. This means we may start Thursday on an upward trajectory but top midday and begin the final wave 5 decline. I have wave 5 running through the close on Friday. These dates, times and projected levels are outlined on the chart above. I have also adjusted the end points and levels for Minor waves 4 and 5. Minor wave will be the bottom of the market for 2022. We will see how it pans out but I think the bear market is nearly over….for now. We have done well forecasting these past few months and will see what the future holds. The biggest indicator to our system would be the indeed short-term bottom occurring around the end of this month and a massive reversal to follow. Let us know what you think
SP:SPX
by StockSignaler
2
Forecast SP500Good day, traders! Don't forget to put your thumbs up and write your comment if you like the idea Target for the SP500 lies in the green zone (aprox 3326 - 3255). That's where we're heading after the US inflation data, It amounted to 8.2%, and despite its decline (previous month 8.3%), the data came out higher than expected (8.1%). It is very interesting what world news will appear in the near future. It becomes clear that the first defaults appear in the global financial system. And sooner or later, defaults will go not only for companies, but also for countries that are mired in debt. I also came across some interesting statistics. Look: Portfolio investors lost 27% this year - this is the worst year in the last 100 years, i.e. the results can be called historical DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
OANDA:SPX500USDShort
by airstels
6
Up and Down For 3 more weeksThis chart lays out the estimated Minor waves in Intermediate 5 as mentioned in my weekend analysis. These estimates place: The bottom of Minor 1 around 3601.23 today for a total wave 1 loss around 205.68; The top of Minor 2 around 3740.37 on October 12th for a gain around 139.77; The bottom of Minor 3 around 3474.12 on October 18th for a loss around 266.25; The top of Minor 4 around 3555.33 on October 20th for a gain around 81.21; The final bottom for Minor 5, Intermediate 5, Primary 5, and Cycle A around 3340.36 on October 26th for a loss around 214.97. These estimates nearly align with all levels from the other day but there is some give in take in them. We will see how close these levels as well as everything mentioned in the weekend analysis occur.
SP:SPXShort
by StockSignaler
3
SP500 CONTINUES ITS DOWNTRENDAfter the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the opposite scenario, if the trend reverses, the price might reach its high of 4160. All technical indicators are confirming the bearish trend, with MACD histogram below 0 line and RSI approaching oversold zone of the 30 line. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
VANTAGE:SP500Short
by legacyFXofficial
Almost done with Intermediate 3 down Thinking we may have ended Minor wave 4 (yellow numbers) today with a strong jump. Expecting the GDP report to confirm for everyone we are in a recession tomorrow. The yellow lines are the historical quartiles for waves ending in 535, while the light blue lines are the same for waves ending in 35. The slightly longer lines are extensions of Intermediate wave 3 from wave 1. I tend to favor the more specific data so I am considering the 535 data slightly more than the 35 data. We are looking at strong data for this fifth wave to last 2-4 days. If we do not go higher than today’s high, tomorrow would be day 1. Our original projection for Intermediate wave 3 had it ending on October 4. That would mean this wave could last for 4 days. I think Monday is most likely but we will count the waves down as we go. From a day’s perspective, waves 1 and 3 were equal in length. From an hourly perspective, wave 1 was 30 trading hours while wave 3 was only 27. This could put a maximum length of wave 5 at no more than 27 trading hours which is October 4th at 1430 eastern time (meaning until 1530). I think getting done before this is easily doable. The levels to watch for Intermediate wave 3 based on Intermediate wave 1 are between 3477.78 and 3595.96. The levels to watch for Minor wave 5 based on Minor wave 3 are between 3483.30 and 3585.24. These Minor wave levels likely help narrow our target zone for the bottom to be less than 3585 and greater than 3525. I would plan an exit around 3550 or see how we move along the way.
SP:SPXShort
by StockSignaler
5