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Sp500short

Pre-elections trading. ExplainedSP500 broke to the new highs. Volume is still very low and the Advance Decline Line doesn’t support this rise too. It is bearish. However, there is still a lot of momentum in this market. Likely we will see choppy trading with upside bias till the middle of September followed by a decline till the end of the month. Pay attention we are getting close to elections. With that in mind, I believe that pullback (if any) will be bought very fast. Besides, the Fed Funds forecast signals a rally coming at the end of September. The best thing we can do now is intraday trading. There is a chance for a swing trade, but only in a month from now.
CME_MINI:ES1!
by UnknownUnicorn1156963
Market moves down for 2 weeksWith fresh stock splits, tightening election polls, eviction madness about to start, more schools open, the Fed, Congressional inaction, COVID positivity rates ready to climb, and maybe football, The first 2 weeks in September will bump lower. I am not using those events to justify the analysis but the catalyst could be in there somewhere. I am using enhanced Elliott Wave analysis for the following modeling and projections. Intermediate wave 3 was strong, but was set to end. Initial forecast was for it to last around 42 days, it made it to 43 on Friday. Intermediate wave 4 should last around 7-13 trading days. My specific target is 10.1 days based on my models. Wave A typically lasts 39% of the the overall length of the larger wave (Intermediate wave 4). Wave B typically lasts 25%, and wave C is 37%. The price drop could be greater than 225 points, but my specific forecast is a drop to around 3310 or 199.23 points from the ATH. Wave A typically moves 74.5% of the overall drop. Wave B typically gains 45% points of the overall drop and wave C drops about 67%. All told. I have wave A lasting about 3.9 days and dropping 149 points. Wave B could gain for 2.5 days and claw back 90 points before wave C drops 134 points over 3.7 days. I have placed all of this on a 2 hour chart in order to track the movement better. I am overall long for now, but will be short through September 11, 2020.
SP:SPXShort
by StockSignaler
12
sell at 3449 with 3 tp within 48hsell #sp500 at 3449 with 3 tp within 48h ,so much overbough and #jacksonhole #symposium coming also there a bit euphoria with #china #tradedeal while it should be sell the rumour and #spx500 overperform #nasdaq #DowJones #usdjpy #eurusd #audusd #audjpy #uscad #xauusd #nzdusd also it can bed much more down make 2 separate lot and take profit on the first at tp 2 as exemple and let run the other with a manual trailing stop,like every 10 pts you down your stop wich you placed a bit down from the entry point for secure gain and no lost
OANDA:SPX500USDShort
by corsicasia
FED Funds indicate big move is coming this autumnChoppy trading in SP500 continues. All declines were bought back quickly last week. It seems to be positive. However… Advance Decline Line doesn’t support this. It is negative in a short-term perspective. Based on cycle studies we can expect to get buy signal around 10 – 15 August. Till that time we will likely see more choppiness with a bias to the downside. I don’t think we are entering another wave of huge sell-off. We had a nice rally in this market and decline is just a normal pullback. GDP showed a big decline last week, but it turned to be positive for stocks as Powell said FED will do all to support the market. We have an interesting forecast based on FED Funds – a huge rally is coming at the end of September. Recent 2 years FED Funds has been one of the best indicators for swing traders. Let us see how it turns this time. For now, I keep focusing on very short-term trades.
S
by UnknownUnicorn1156963
SPY: Elliot wave analysis: Big week ahead!Analyzing 4 HR chart of SPY: Counting the waves in a shorter timeframe makes it pretty clear that SPY has completed 5 impulse waves and is currently going through the corrective phase. Huge divergence on most momentum indicators, volume, and fundamentals can make the corrective wave C an extended one. Currently projecting a drop to 0.38 fib level ( 283) or 0.5 fib level ( 271). We may get a retracement back to 306/308 before we resume move. Either way, we need to see a clean break of 297 print level before we see any downside. This week promises to be eventful so stay hedged and trade smartly.
AMEX:SPYShort
by Unraveller
3