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Snp500

New Lows for Stocks!! What's Next??As predicted yesterday, stocks dipped further, breaking support at 4122. We mentioned that this was a bad sign for stocks as there is a vacuum zone down to 4068. This is exactly the level the S&P 500 subsequently tested after breaking down. Luckily for our portfolios, we did see great support at 4068, but new lows is never a good sign. After testing 4068, we were then bought back up above 4144, but remain bounded by 4178. The Kovach OBV is still very bearish despite a small uptick from the pivot from 4068. It is reasonable to expect some ranging, but if the selloff continues we must break through support at 4068, then 4009 is the next target, and last technical level in the 4K's. If we are able to somehow breakout, we expect 4306 to be a ceiling for now.
FX:SPX500Short
by quantguy
Stocks on the Precipice of a MELTDOWNThe S&P 500 has broken down from 4144, establishing new relative lows. Recall that 4144 provided good support and we appeared to have an inverse head and shoulders pattern forming with a neckline at 4306. However, this was swiftly rejected, which is a very bearish sign for stocks. We've also broken through the 'head' of the inverse H&S at 4144, but appear to be finding support at 4122, which is the last major level of support before a potential freefall lower. There is a vacuum zone below 4122 to 4068, then another one after that to 4009. At that point, we will be at the base of the 4K handle and free to test the high 3K's. If we are able to pivot from here, 4306 will provide formidable resistance.
FX:SPX500Short
by quantguy
S&P500 -> about to hit the fanThis is perhaps a little controversial, but my earlier observations are panning out, and worse than I had thought... Basically, the S&P500 since the beginning of 2022 has been struggling. Called previously, based on weekly chart, the S&P500 futures to target 4140. It had since done that a couple of times. Yesterday, it revisited, only to close below support on BOTH the weekly and monthly charts. This was a prompt to look at the bigger picture, as something appears amiss here... The monthly chart (right panel) shows that since 2008, the times taht the MACD crossed under the Signal line, the S&P500 returns to the 55EMA (orange line), and possibly below it (in 2008, 2011, 2020). In Feb 2022, the MACD crossed under the Signal line. And today, we stand about a 1/3 of the journey down to the monthly 55EMA. Using Fibonacci retracements, 3800 appears to be the next viable support, where the S&P500 meets and might bounce off the supporting 55EMA. This is another 8-10% down from today, and opens the possibility for further downside should it fail the 55EMA. 3500 being the next support. BEARISH... and the next weeks to months would be rather volatile to the downside.
CME_MINI:ES1!Short
by Auguraltrader
2
Stocks Face Resistance at our LevelAs we mentioned yesterday, stocks got good support from lower levels, but faced resistance at 4306. Recall that we highlighted this as the level to break for the S&P 500 to see higher levels. The KRI indicates that we are seeing strong resistance here. That being said, we could be in the midst of forming an inverse head and shoulders pattern with 4306 as the neckline. Watch for stocks to dip lower and find support above 4144, at 4214 in particular. If we are able to break out then 4364 is the next target.
FX:SPX500Short
by quantguy
1
Can Stocks Recover??The S&P 500 has gained support from lower levels, 4144 in particular. This seems to be a relative low for now, and we have called this level out multiple times here in these reports. We are currently seeing a bit of a pivot, after some volatility, however volume looks weak and the Kovach OBV remains unfazed by the bounce. Thus, we are skeptical of this small rally, but if it continues, 4306 is the level to break befoore considering higher levels. If the bear momentum continues, then 4144 should continue to provide support. If not, we expect 4122 to be a floor price. If this level breaks, we are likely to freefall.
FX:SPX500Short
by quantguy
SXP500 Index! waterfall.Today we are here to talk about the SXP500 index. Today: The index is trading at 4200. In the last trading session, we saw a drop in price and a correction that we did not expect before. What's on the market now: Globally, the market moves to the 3780 zone. And yesterday it formed a local bottom at the price of 4170. What are we waiting for today: Today we expect further movement towards 4100 . However, the probability of price movement to the level of 42 50 remains. What I recommend: If you want to open short: Open short positions above the level of 4315, limit your losses. If you want to buy: It is better to refrain from opening long positions. If you want to ask a question about an idea: If you would like to get more info, contact me in the comments below. And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge. Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice. Don't forget to subscribe to my channel. I post SPX 500 analytics every day, so check back tomorrow! See you next time!
SP:SPXShort
by kvatoo_FX
12
Stocks Press LowerStocks have broken lower as the pivot from the initial selloff has failed. We tested relative lows briefly at 4214, before breaking lower to test 4144, which was the exact level we have been calling out this week. Support at 4144 held, and we are currently making a weak run for higher levels, though we seem to be having some issues with 4214 from below. The Kovach OBV is oscillatory near lows, suggesting we may be nearing a bottom. If we are able to break through 4214, we must first break through 4306 before considering higher levels. From below 4144 and 4122 should hold for now.
FX:SPX500Short
by quantguy
Stocks Try to Regain FootingStocks have found support around 4214, just a few levels above our anticipated floor of 4144 or 4122. We still have shed over 400 points in just three days, but we have seen a nice pivot from lows. There does appear to be volume behind the rally, as the Kovach OBV has picked up notably. However, we met immediate resistance at 4306, one level away from 4327 which we suggested as the first major level where we could anticipate resistance. From here, it is likely that stocks will range to establish value in this new territory, with 4144 and 4327 as lower and upper bounds respectively. If momentum continues off of this pivot and we break 4327, then 4364 is the next target.
FX:SPX500
by quantguy
How Low Can Stocks Go??Stocks plummeted as global recession fears mount. The strict lockdown in China has rippled through the markets, and additionlly PMI was a huge miss on Friday. We have smashed through our anticipated level of support at 4327, which we have been calling out for weeks now. We are currently finding support nearly 100 points below at 4228. We are seeing a green triangle form on the KRI to confirm support. The Kovach OBV has taken a nosedive, confirming the bear momentum. If the rout continues, then 4144 or 4122 are likely targets for support, and potential long positions. If we are able to muster the strength for a relief rally, then 4327 should provide resistance, then 4364.
FX:SPX500Short
by quantguy
BTCUSDT - NASA rocket undock means dump🚀🩸On my channel, I have given many examples of how it works. This time it will also work and there will be a strong decline, after which a quick buyback and growth. Just because you don't see the logic doesn't mean it doesn't exist. This means that you still have room to develop. This is the same thing that an alcoholic will prove to physicists about how to launch a rocket into space So work from buying into the $34k range, there is support from the idea I pinned, then there will be a rapid increase to + - $41k
by FTT_TRADER369
2
The S&P 500 Tanks, Will it Find Support??Stocks got hammered after testing resistance at 4504, just one level down from 4521, a relative high and the exact level that we predicted would provide resistance yesterday. We completely retraced the progress stocks have made from relative lows at 4364. The Kovach OBV has slumped, but does appear to be curving as we are finding support. If we are able to pivot off current levels, then 4521 remains our anticipated ceiling. If we are able to break down further, then 4327, a relative high, seems like a reasonable level to expect support.
FX:SPX500
by quantguy
Stocks Edge UpStocks are edging up, currently testing 4487. We are seeing a red triangle on the KRI indicating some resistance here. If we are able to break through, then 4521 will be the next level where we anticipate resistance as it is a relative high. We anticipate 4580 as a ceiling for now, as this is yet another relative high. The rally looks weak and the Kovach OBV has barely budged. Thus a s selloff is highly probable. If we do see a selloff, then 4364 should hold as it is a relative low.
FX:SPX500Short
by quantguy
SXP500 Index: Down one step.Today we are here to talk about the SXP500 index. Today: The index is trading at 4459. In the last trading session, we saw the price rise to the level of 44 85, which I mentioned earlier here is a link to the idea. What's on the market now: The market is in lateral movement. Yesterday it formed a local peak at the price of 44 85. What are we waiting for today: Today we are waiting for the market to stabilize and move to the level of 44 15. However, there is still a possibility of the price moving to the level of 45 35. What I recommend: If you want to open short: It's too late to open short positions. This should have been done yesterday at 44 85 and above. If you want to buy: Long positions are possible below 44 15. Limit your losses to the last low. If you want to ask a question about an idea: If you would like to get more info, please do not hesitate to contact me in the comments below. And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge. Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice. Don't forget to subscribe to my channel. I post SPX 500 analytics every day, so check back tomorrow! See you next time!
SP:SPXShort
by kvatoo_FX
SXP500 Index: ready to U-turn Today we are here to talk about the SXP500 index. Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea. What's on the market now: The market continues to develop lateral movement. Perhaps there is a good place to enter the market. What are we waiting for today: Today we are waiting for the market to try to rise above 44 85. And then the subsequent stabilization of the price to the level of 44 15. What I recommend: If you want to open short: I recommend going short above 44 85, limit your risks If you want to buy: Long positions are possible below 44 15. Limit your losses to the last low. If you want to ask a question about an idea: If you would like to get more info, please do not hesitate to contact me in the comments below. And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge. Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice. Don't forget to subscribe to my channel. I post SPX 500 analytics every day, so check back tomorrow! See you next time! Bye!
SP:SPXLong
by kvatoo_FX
1
Stocks Continue Their DeclineThe S&P 500 has continued its slow and agonizing decline. We have found support at 4365, but failed to see any sort of pivot that would indicate a reversal. The Kovach OBV is gradually trending downwards. We do appear to have support at current levels, but if we break down further, we should expect support at 4327. Stocks are due for some ranging or a rally, as a corrective phase to the bear trend at worst. If we rally, 4462 and 4521 are good targets and will provide resistance.
FX:SPX500Short
by quantguy
Stocks Continue to SlideStocks keep edging down, consistently making lower lows. We did have a small rally off support from 4389, which immediately sold off to break down further. We are currently finding support at 4364, but the price action is looking very weak. The Kovach OBV has slumped, suggesting that the rout will continue. If we do see bull momentum come through, 4462 and 4521 are still profit targets, but 4389 will provide resistance. If we break down further, watch for support at 4327.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 APR 18 Week ES1! SPX500USD 2022 APR 18 Week Last week, scenario2 4525 short was good. Preference will be to short on retracement. Watch reaction to 4368. If supported = Scenario3 possibility If broke and become resistance = continuation of Scenario2 Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525 Weekly: Low volume down bar closing at low = weakenss Daily: Average volume down bar closing at low = weakness H4: High vol down bar closing at low = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677