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S&P500 trading

  • #61
  • Feb 25, 2015 8:57am Feb 25, 2015 8:57am
S&P 500 rose to a new record-high at 2,115.48 on Tuesday, as Federal reserve hinted U.S. interest rate hike will most likely to occur later than expected. Oh dear, so many factors that affect the market prices. Still on almost everything
  • #62
  • Oct 5, 2015 5:16am Oct 5, 2015 5:16am
The S&P confirmed a further strong closing also on Friday managing this morning a retest of the 1950 area where expect some s/t resistance(top of the Septembers’ 25 session). The weekly closing was also positive forming a positive week reversal.
The indicators of the daily chart are now again well positive but those of the weekly one remain negative still showing bullish divergences. A possible move up should therefore be corrective. The indicators of the s/t charts are still positive since Friday supporting higher levels. In the hourly chart have bearish divergences supporting a positive tone. Therefore further strength is achievable toward a s/t target at 1954,70!!
I suggest waiting for higher levels to sell.
  • #63
  • Apr 20, 2016 8:21pm Apr 20, 2016 8:21pm
Careful of deep retracement on 5th leg of (expanding) ending diagonal (c) of correction 4.
Trading from 2111.40 top SL @ top 2 target wave a of zigzag.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX 21Apr16.png Size: 63 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #64
  • Apr 21, 2016 8:50pm Apr 21, 2016 8:50pm
Quoting skyhok
Careful of deep retracement on 5th leg of (expanding) ending diagonal (c) of correction 4. Trading from 2111.40 top SL @ top 2 target wave a of zigzag. {image}
Biting well so far on termination of 4. Trades active against 2111.40 top, move SL there.
Elliott Wave for optimum entry, exit and risk management of trades
  • #65
  • Apr 27, 2016 11:34pm Apr 27, 2016 11:34pm
Quoting skyhok
{quote} Biting well so far on termination of 4. Trades active against 2111.40 top, move SL there.

good call. Got short on 4/19 with a few clicks above Nov hi as stop.

I see it similar but wave count can go so many bearish ways after all this big swing sideways crap since May of last year. also have 1720 as minimum down but 1250 if its just the start of cyclical bear.

BOJ bears might have kicked off without anybody on the field to get the bear game out of the range... heading to at least 1810.

SNB did it to euro. central bankers got nothing better to do?
Trading is simply about managing the area between your ears
  • #66
  • Apr 28, 2016 10:51am Apr 28, 2016 10:51am
Quoting planthetrade
{quote} good call. Got short on 4/19 with a few clicks above Nov hi as stop. I see it similar but wave count can go so many bearish ways after all this big swing sideways crap since May of last year. also have 1720 as minimum down but 1250 if its just the start of cyclical bear. BOJ bears might have kicked off without anybody on the field to get the bear game out of the range... heading to at least 1810. SNB did it to euro. central bankers got nothing better to do?
Well done on your 4/19 short.
Elliott Wave for optimum entry, exit and risk management of trades
  • #67
  • Apr 28, 2016 10:52am Apr 28, 2016 10:52am
I dont see any deep retracement untill 2180. SP500 will stay above 2100 for 2016.
  • #68
  • Apr 28, 2016 11:02am Apr 28, 2016 11:02am
Quoting skyhok
{quote} Well done on your 4/19 short.
i am still having s&P short position.It looks good.But my cad short postion makes me sad
  • #69
  • Apr 29, 2016 5:44am Apr 29, 2016 5:44am
Quoting skyhok
Careful of deep retracement on 5th leg of (expanding) ending diagonal (c) of correction 4. Trading from 2111.40 top SL @ top 2 target wave a of zigzag. {image}
This is similar to the oil chart you posted. Expect them to both drop that much?
  • #70
  • Apr 29, 2016 1:03pm Apr 29, 2016 1:03pm
NDAQ has been correlating in typical wave structure of most indices, in complex corrective 4th wave, now declining on 5th of ending diagonal (c) red.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100Daily 30Apr16.png Size: 38 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #71
  • May 4, 2016 1:54pm May 4, 2016 1:54pm
Quoting skyhok
NDAQ has been correlating in typical wave structure of most indices, in complex corrective 4th wave, now declining on 5th of ending diagonal (c) red. {image}
Still expecting DAX to drop along with oil?
  • #72
  • May 4, 2016 10:48pm May 4, 2016 10:48pm
Expect to see a spx500 recovery to at least 2075
  • #73
  • May 5, 2016 12:23pm May 5, 2016 12:23pm
Quoting Top50Fx
Expect to see a spx500 recovery to at least 2075
Quite the opposite from Skyhok's prediction
  • #74
  • May 5, 2016 11:52pm May 5, 2016 11:52pm
Quoting stylinex
{quote} Quite the opposite from Skyhok's prediction
Overall he's probably correct. Long Term.
  • #75
  • May 6, 2016 9:04am May 6, 2016 9:04am
Quoting stylinex
{quote} Still expecting DAX to drop along with oil?
Yes, what's your view?
Elliott Wave for optimum entry, exit and risk management of trades
  • #76
  • May 6, 2016 1:50pm May 6, 2016 1:50pm
Quoting skyhok
{quote} Yes, what's your view?
My guess is if S&P closes above 2055-2060 then we could see a bounce up next Monday. If DAX closes up above 9935-9940 then I reckon we gap up on Monday but if S&P500 closes below 2040 today then we could gap down on Monday and if DAX closes below 9915 then we also could gap down on Monday
  • #77
  • May 6, 2016 8:52pm May 6, 2016 8:52pm
Quoting Top50Fx
Expect to see a spx500 recovery to at least 2075
I still expect to see the pull-back to 2075 before the major move down.
  • #78
  • May 7, 2016 8:03am May 7, 2016 8:03am
Quoting stylinex
{quote} My guess is if S&P closes above 2055-2060 then we could see a bounce up next Monday. If DAX closes up above 9935-9940 then I reckon we gap up on Monday but if S&P500 closes below 2040 today then we could gap down on Monday and if DAX closes below 9915 then we also could gap down on Monday
Indeed, much appreciated.
Elliott Wave for optimum entry, exit and risk management of trades
  • #79
  • May 7, 2016 10:38am May 7, 2016 10:38am
Quoting skyhok
{quote} Indeed, much appreciated.
I reckon that on Monday if we gap up we could go back to 10500 and if gap down then we could go below 9500. Monday should tell as we closed around resistance on Friday. Actually just below it from what I can see
  • #80
  • May 7, 2016 7:59pm May 7, 2016 7:59pm
Quoting FerruFx
I am a long time Forex trader and to be frank I never paid attention to S&P500 until few weeks ago. My broker finally make it available! I wonder if someone here with experience in this symbol could enlight me on 2 important things: - Which time(s) are the best to watch/trade S&P500 for a day trader ? - Which news events have an impact on the S&P500 ? Any other usefull infos would be welcome! Thank you for your help to a newbie

I'm a newbie of around just a year's experience and trade the /ES daily. I saw in a search here someone posted the first 30 minutes is pretty volatile. Totally agree. I like 9:30 to 11:30 EST. Lunch can be boring, slow. After lunch sometime a bit quiet. The last 30 minutes is often exciting and if you've got some good insight and feeling (neither of which is real) the last minute or two can be awesome!

On news events I don't know there is a correlation. I sometimes see the opposite effect, like unemployment news, one would expect. When Janet is yellin' its usually a free for all, easy to loose big. On the news sites that post high impact news I don't trade those times.

Good luck.
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