S&P500 Futures Talks & Ideas

SPX has crashed down 10% and hit the 3020 very significant support zone



Price reacted well from this level. If the daily and weekly stay above the 200 and 50ema's respectively at this point I would think a retrace to the 50% Fib retrace is probable. Price has sold off hard and fast and will need to correct.

A retrace to the 50% or 61.8% fib levels looks probable.



A trailing stop loss on the 1h will be in place from the 32.8% Fib retrace, if we get there!

LONG@2930

closed @ 2963 profit:33

LONG @ 2975

CLOSED BY STOP LOSS @ 3055 LOSS:20

short @ 3077

CLOSED by limit profit @ 3047 profit:30

LONG@ 3078

CLOSED AND SHORT @ 3060 LOSS:16

ES closed by stop loss @ 3088 loss:26

SPX has rebounded from the 2850 lows and found some selling entering the market at the 50% fib retrace.

A volatile sideways range is a distinct possibility at least for a while as participants digest info regarding the impact of the coronavirus. Short term trading in this volatile environment is hazardous!

The 60% retrace on the chart may well see sellers entering back into the market if price gets there over the next week or so.

Of course any evidence showing a worsening to the pandemic will easily result in a deeper retrace, but in the longer run position trading by buying the lows will be profitable as the economic hit is likely to be a shock followed by ramp up recovery.

hi ,
tell me can we trade in s&p 500 in any exchange without mt4 and mt5 ?

I expect a 50% retracement from all-time-highs to February 2020 bottom which means I think the S&P 500 is due to rebound 2%-5% from Friday close price March 6th, 2020. The time-price appears very favorable and I expect to see signs of stability next week if rebound is to materialize.

On the other hand my longer-term outlook for all of the major US stock market index is vaguely bearish as I see reason for stock prices to pull back towards 2016 post-2008-recession recovery highs which are still substantially below February 2020's bottom.

I expect a huge drop some time between when US Futures open and markets open on Monday. Wait and see. Possible -3 to -5% drop. This coming Friday the 13th. Expect a red candle for week ending on Friday the 13th

16 million quarantined in Italy is 25% of the population of Italy


https://www.google.com/amp/s/www.for...uarantine/amp/

What did I say?

Avoid leveraged exposure buying S&P 500 from now on at any time... Better to wait short than hold long now a bear market has begun.