S&P500 trading

Added more SP short shares on the pull back to 2734.00 This time with SPXU (ProShares UltraPro Shrt S&P 500 ProShrs)

Also banked an SP Nadex put for $26 net per on a $24 buy in on an OTM 2710 strike.

http://content.screencast.com/users/...0Mar.%2001.gif

Interesting thread!

2 day retrace is done? Shorted intraday with a nadex spread and then a nadex binary and both cashed. I was pretty early on the spread and had to sit in the red until the gap was filled and the trendline hit. But that gave the opportunity to get an ATM put binary option 2721 strike to cover the spread and then some.

spread entry: http://content.screencast.com/users/...0Mar.%2007.gif
binary entry and exit area for both:
http://content.screencast.com/users/...0Mar.%2007.gif

ETF's still in profit but gave some back on the 2 day retrace. No biggie since this is a longer term position. will look to add more to the ETF's if there's a retrace today.

Pretty hefty retrace. Adding on. There's also a wolfe wave in the chicken coop.

http://content.screencast.com/users/...0Mar.%2008.gif

Ok. Don't know if intraday short all right or not, but long term I'm still bullish.

It seems like correction up to 2240.

Nice to see a S&P 500 trading thread!

I wanna summarize my thoughts.
I have already painted cycles and assess the prospects for Americans positively. However, I do not exclude the correction down, the goal indicated 2240. At the moment, the index above support (the zone is red lines). Pass it or not? It's not obvious, this is another factor to look positively at the SP 500.

The first trading day of the second quarter was the worst for the S&P 500 since 1930! Both US blue chip indexes - the S&P 500 and Dow - fell below the 200-day MA.

It seems that over a long weekend investors have become stronger in their determination to sell shares, which they did as soon as the market opened. They are difficult to blame for this, since most good news is left behind, and bad ones grow like a snowball. Last weeks were marked by a sharp increase in the spread of Libor-OIS, which determines the cost of short-term financing and affects everything from the cost of bank lending to marginal costs of debt in trillions of dollars with a floating rate. He has a particularly strong influence on the company's plans to redeem his shares, which was one of the main drivers of the growth of the US stock market in recent years.

As part of the inflaming trade war, China reported on the response to the protection of the White House, imposing additional duties on 128 American goods. Another blow to the market caused by Apple, reporting on plans to abandon the use of Intel components in their computers, which by the results of the auction sent the shares of the latter down 6%. Shares of Amazon lost 5% amid escalation of rhetoric of Donald Trump regarding the company. As a result of these events, the S&P 500 closed for the first time in the last 442 days (since Breckzit in June 2016) below the 200-day MA

Was it rushing to finish the B wave?



Is it enough for B wave?

Shares of Amazon suddenly soared, dragging the entire stock market of the US, which was in the area of session minima.

Today, the dynamics of the company's shares, as it was in recent days, was again determined by Donald Trump. In the morning they fell in price after the hostile president's tweet ("Amazon is worth the US Postal Service of big money"), then rebounded to the opening levels of the session. After that, Donald Trump repeated the contents of his tweet at a conference in the White House, and Amazon's papers again fell to recent lows. However, around 3:45 pm, Bloomberg agency, referring to 5 anonymous sources, reported that the administration of the US president does not consider real options for pressure on the company. Neither through a court, nor through regulation.

Just showing a view of the S&P 500 daily chart based off the square root of the swing high on 01-26-18. After finding the square root of the high, then I subtracted in increments of .5 then squared it. Noticing price is under the 360 degree line, acting as resistance. I pulled out a few weeks ago, before the drop. I wasn't about to lose all of my gains from last year. I'm short term bearish but long term bullish. Waiting for a bottom to buy again.




https://www.tradingview.com/x/c9FcvE2b/

So far so good, I'm selling the possible pull back and still keeping the buy from 2570

I would like to share my charts which is shared as realtime at different platforms

tradervic 2B buy setup and elliott wave buy setup



Good luck

I took the top two candles on the two swing highs and connected a trend line to both of them on a yearly chart. And where they intersect at is making me more bearish long term. Where price meets time type thing.

https://www.tradingview.com/x/qwu4keEk/

Elliot wave ABC pattern setup for possible drop, Important level is 2755,xxx

Good luck

S&P 500 Futures: #ES Sells Off But Eeks Out a Small Gain
Who needs legal gambling when you have the S&P 500 futures? After the major markets fell 10%, the S&P, Dow and Nasdaq have come flying back up. No one can deny the big rally, but the big question is, where has all the volume gone? With the 8 day rally continuing, and the May options expiration this week, one has to wonder of its time for a pullback. Every trader we talk to keeps saying the ES will fill the 2752.00 gap, but we are not sure that’s in the cards this week. The ES has rallied 150 handles in 8 days, and is overbought and over extended short term.

S&P500 H4
Tracking its consolidation since January 2018 top.