S&P500 - Analysis and Trading

[gartley]

Ive read this a few times
What on earth is the point of it.

key words
Past
Either
Model
Could

Personally I Think it’s pretty easy
Stay long.

Tech. Obviously makes sense to trend follow except for one minor problem IMO.
At these levels reversals can be quite dramatic as in a flash crash overnight and in excess of 15% as had been demonstrated a number of times in the last few years..

 

[tech/a]

I agree —— if you look back at a chart and label it.
You don’t have to be Gann or Gartley to do that.
Amazingly accurate!

But label a chart going forward and let’s see if 1:10
Play out.

The McClaren report went for years
The constant feature of that was the endless reasons
A pressure point didn’t play out followed by the next
That not surprisingly didn’t Adhere to analysis then the
Next that——-

I know you know what I mean.

 

[Student of Gann]

3110 Low should hold 2nd December 11.10AM before Main Top 4th December 2019

 

[Student of Gann]

3176 13th December should be Top . Will try and calculate the next potential Low point over coming days when I have time .

 

[Student of Gann]

17th January Main Top indicated from recollection

Top is in at 3308 .

 

[Student of Gann]

SP500 : 17th January 2020 Top .

Posted 30th November 2019 . 3308 should hold .

 

[CityIndex]

The S&P500 broke yet another record this year as Santa’s rally seemed to kick in. Buyers stepped into the market after Monday initially began with heavy selling. This allowed the index to bounce off trend line support, and it could now be set up for breakout after finally closing above $4700.

However, the recent rally comes on the back of lower trading volume, potentially poking holes in its legitimacy. Thursday’s PCE inflation data might act as an early confirmation of Fed’s raising interest rates in March, and when coupled with a slowdown in consumer spending, investors could be looking to take profits at the current level.

Will this be the start of another leg higher, or is it simply a bit of optimism before Christmas?

All trading carries risk, but this could be one to keep an eye on heading into the new year.

 

[bux2000]

I have been watching with great interest today trying to put it all together and guessing as to where the support is going to be and where to from here.

Can I ask if ES1! is any kind of reliable indicator in these situations or can it all turn to guano before the markets open in the US tomorrow.

It is going to be an interesting week, this trading lurk is certainly not for the faint hearted

Thanks
bux

 

[Ann]

Looking at volume spikes again and the S&P500. Thursday's trading in the US saw substantial volume spikes in both oil and gold at their high prices after a rise, S&P500 saw a substantial volume spike at the low price of a fall. It appears a volume spike at either the top of a price range or the bottom of a price range will see a reversal in that price, either down if the price has hit a high or up if the price has hit a low. Clearly, there is nothing guaranteed in the market's charts but a very interesting potential indicator for future price movements.
Wonder if this is simply a dead cat bounce for the stock market or something more substantial? Dunno!

 

[Mohammed Hazabig'un]

CFTC S&P 500 speculative net positions

Act: 66.6K Cons: Prev.: 121.8K

is this a confirmation money is going into Bonds rather than Shares @over9k

 

[over9k]

CFTC S&P 500 speculative net positions

Act: 66.6K Cons: Prev.: 121.8K

is this a confirmation money is going into Bonds rather than Shares @over9k

Just look at yields for bonds - they're down despite everything that's going on. Fed reverse repo facility is another one to keep an eye on, which is also at record levels.

Both of which obviously aren't stocks.

 

[Mohammed Hazabig'un]

All that hullabaloo over Walmart and Target revising their Profits, I missed the bit about them absorbing the increased costs due to Inflation.

Yanks still spending up, Demand not drying up yet. I'm guessing itll remain the same for our Economy too, although our Employment and Wage growth isn't as strong as Americas.