A “Crabby” S&P Trade

Published on
October 23rd, 2018
7 minutes

A “Crabby” S&P Trade

Trade Ideas ·
Featuring Joseph Perry

Published on: October 23rd, 2018 • Duration: 7 minutes

Is the S&P 500 overbought? Joe Perry of ForexAnalytix walks through the fundamentals, then examines price levels in detail using candlesticks, Elliott Wave Theory, and concludes with harmonic analysis, where he sees a "crab pattern" emerging in the charts in this interview with Real Vision's Brian Price. Filmed on October 19, 2018.


  • BC
    Burton C.
    25 October 2018 @ 04:58
    Joe, you are a hero!.. You got it, looking at the big picture. Once it reaches a bottom of 2550 or so rotate into the ETF suggested in the next video XLC
  • YW
    Yowshi W.
    25 October 2018 @ 03:33
    Spot on,...
  • AK
    Alek K.
    23 October 2018 @ 19:52
    Interviewer does a fantastic job every video i see him in, asks great questions and has great input & style without hogging the mic. Don't lose him RV!
    • JS
      James S.
      23 October 2018 @ 21:37
      Agree! What would be a great addition to Trade Ideas is to circle back on every episode so we can review how the trade performed.
  • PC
    Peter C.
    23 October 2018 @ 17:03
    Brian Price has become a master with his own style. Loved it Brian.
    • BP
      Brian P. | Real Vision
      23 October 2018 @ 19:58
      Love you, PC!
  • MT
    Mike T.
    23 October 2018 @ 14:26
    anyone that can take money out of the markets on a consistent basis trading in a directional manner in this way sincerely I salute them. However this current market environment is a heaven sent opportunity for 'short premium' (sellers) option traders. For the short premium folks no need for technicals, no subjective interpretation required, no need to understand 'why' the market is behaving as it is. I've not myself ever noticed on RV even an elementary attempt to explain the immense power of premium collecting option strategies. There are of course plenty of Trade Ideas recommending buying calls/ buying puts but 'debit' options strategies are always mathematically sub-optimal.
    • DR
      David R.
      23 October 2018 @ 19:56
      A great point but I always need technicals because they help tell me where to place stops or where I'm likely wrong. Trading without stops seems financially suicidal. As in my view, there is no certainty in these uncertain markets, even if "heaven sent" (sometimes storms suddenly appear out of nowhere from the heavens or OTOH suddenly clear up). Good luck.
  • DR
    David R.
    23 October 2018 @ 19:47
    This video is a gem because it touches on both some essential fundamentals and some real technicals. Would like to see Joe again in more depth too, as I feel he has much more to say that's worthwhile.
  • DL
    Dan L.
    23 October 2018 @ 12:53
    Loved this interview. Let’s get Joe Perry on again!