Get started

Snp500

Stocks in a Sideways Correction Under Highs The S&P 500 is ranging, and it seems we are in a broad sideways correction, after the impulse that took us to highs. We are seeing support from 4632, as identified by a green triangle on the KRI, and are facing resistance from 4693, as confirmed by a red triangle on the KRI, and will face further resistance from highs at 4729. The Kovach OBV has leveled off, so we anticipate the ranging to continue until more momentum comes through either way. Watch the vacuum zone below 4632 down to 4580.
FX:SPX500
by quantguy
Stocks Finding Support, Testing Higher Levels!!Stocks have found good support at 4632, confirmed by a green triangle on the KRI. we have gotten a good lift from this level and are currently testing higher levels. Currently, we are testing 4695, where a red triangle on the KRI seems to be indicating some resistance. If we can see momentum come through at open, we could easily test highs again at 4729. If we reject 4695, we could be set to range a bit between 4649 and 4695. The Kovach OBV is relatively flat, but appears to be picking up slightly.
FX:SPX500Long
by quantguy
2
ES1! SPX500USD 2021 Nov 15 Week ES1! SPX500USD 2021 Nov 15 Week Short from 4674 was good, followed by spring from the demand line of the uptrend channel. Market rebound from demand line of channel back into the possibility to test 4712. Weekly: Average volume down bar closing off high = weakness. Wait and see if weakness will flow over to lower time frame. Daily: Average volume up bar closing off high = possible weakness. Wait for next bar to confirm. H4: Climatic up bar followed by high volume up bar closing off high = Some weakness expected. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4711 4674 4657 4613 4590 4551 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week. ES1!
CME_MINI:ES1!
by paradox677
Breakout Soon for Stocks??Stocks have leveled off, trading pretty flat yesterday. Volatility has consolidated quite a bit, suggesting that a breakout either way is near. The Kovach OBV has completely flattened with this ranging. We are finding support at 4649 and 4632, two levels we called out yesterday. Beware of the vacuum zone below to 4580. If we are able to catch a bid towards open, the next target is 4693, then we will be in a position to make a run for highs at 4729 after that.
FX:SPX500Long
by quantguy
1
Two Risk Factors for Stocks and how to Trade themStocks have retraced sharply from highs. We have been warning of a retracement for the past three days or so. Hopefully, no one got caught in a FOMO trade at highs. As anticipated, we saw support from 4632, one of the exact targets we identified for support during the retracement. A green triangle on this level is confirming support, but if it does not hold, there is a vacuum zone down to 4580. Evergrande has officially defaulted, so this could dampen any hopes of another rally. Also, inflation fears appear to be picking up, so we will need to see how these two factors play on the risk sentiment as the day progresses. If we are able to catch a bid, 4693 and 4729 will be the next targets.
FX:SPX500Long
by quantguy
1
Stocks Retrace from HighsStocks have retraced from highs just below our target at 4729. We have been warning you that a retracement was becoming increasingly more likely for several days now. We are finding strong support just above our level at 4649, and several green triangles on the KRI confirm this. After that we will see support from a nearby level at 4632, then we have a vacuum zone down to 4580. The Kovach OBV is still relatively strong, but has tapered with the retracement.
FX:SPX500Long
by quantguy
1
Stocks Flat After New HighsStocks have topped out just under our next profit target at 4729. We are seeing several red triangles on the KRI, suggesting that they are finally meeting resistance. The S&P 500 appears to be consolidating between 4693, and 4729. The consolidation is healthy, as we have been rallying since October, and were starting to look hyperbolic. We do appear to be seeing a bear wedge with a lower bound at 4693, and if we break lower, we have a vacuum zone down to 4649. The Kovach OBV has dipped sharply with the consolidation, so watch for more momentum to come through before we can expect another breakout.
FX:SPX500Long
by quantguy
1
Stocks Make New Highs!! 🤑🤑Stocks have made new highs, yet again. We solidly pierced through the 4700 handle, reaching 4719, just 10 points shy of our profit target at 4729, before retracing slightly. We found support at 4693, confirmed by a green triangle on the KRI. At the time of this writing, we are hovering just above this level, maintaining 4700 exactly. The Kovach OBV is solidly bullish, and we are starting to encroach into overbought territory, so the probability of a technical retracement is increasing. If so, we expect support at 4693, then 4649. If momentum continues, then 4729 is our next profit target.
FX:SPX500Long
by quantguy
ES1! SPX500USD 2021 Nov 08 WeekES1! ES1! SPX500USD 2021 Nov 08 Week 4590 was supported and long was fruitful. A reversal patten has formed on H4. If 4674 becomes resistance, we may see test of the lower levels. Weekly: Average volume up bar closing off high = weakness Daily: High volume up bar closing off high = weakness. H4: Climatic down bar closing off low = strength. 4674 if broken, lower levels may be tested. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4711 4674 4657 4613 4590 4551 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
Stocks Make New Highs Ahead of Non Farm PayrollsStocks have broken out, making new highs yet again. We have reached our profit target at 4693. The next target is 4729. We should face some resistance at current levels, so anticipate stocks to range a bit in a sideways correction, if not retrace to lower levels at 4649 or 4632. There is a vacuum zone below those levels to 4580. The Kovach OBV is still very strong, and is starting to look a bit overbought, so a retracement is becoming increasingly more likely. Non farm payrolls data comes out today, so this could be a strong driver for stocks either way.
FX:SPX500Long
by quantguy
1
Stocks Make New Highs!! Again!! 📈🤑🥳Stocks got a big push from the FOMC minutes yesterday. We have smashed through our profit target at 4649, to make new highs yet again. We appear to be pausing around 4664, and forming a very narrow range here. We feel that stocks are overdue for a technical retracement, so be wary of FOMO-ing into a long position at highs. The levels 4649 and 4632 should provide support, but if not, there is a vacuum zone down to 4580. Our next target is 4693. The Kovach OBV is still very strong, which suggests we are becoming overbought.
FX:SPX500Long
by quantguy
1
Stocks Pause Below All Time HighsStocks are hugging the upper bound of the range discussed yesterday. This coincides with all time highs at 4633. The level we have identified nearby is 4629. The Kovach OBV is still very strong, but appears to have tapered. If momentum persists, we can anticipate another breakout soon, and 4649 is our next target, set by Fibonacci Extension levels. There is a vacuum zone below to the next level of support at 4580. After that, we can expect further support at 4564, 4545, and 4521. We are due for a technical correction. While it may not happen today, those last three levels could be ideas to buy back when we eventually see a correction.
FX:SPX500Long
by quantguy
1
Is the SNP500 ready for another correction?I firmly believe that we should soon see a correction deeper than the one we recently had which began at the start of September. The chart suggests that after finally breaking out of the bear wedge; which began at the start of the lows of the correction in March 2020, we are now witnessing what looks like to be a retest of that bear wedge. With the addition of negative weekly RSI divergence this should see some firm movement downwards, below the low recorded in the first week of October. Hard to see the market giving way to such a huge drop, but the market carrier Tesla is due a correction after extreme growth in the recent weeks.
TVC:SPXShort
by SkyTrees
Stocks Make New Highs!! What's Next??Stocks make new highs, despite persistent issues in the supply chain, transportation industry and protests over the vaccine mandates. The S&P 500 has broken out of the 4500's and seems to have secured the 4600's for now. We came within 5 points of our target at 4632, with the current high at 4627. We are seeing a red triangle on the KRI at this level suggesting we will face resistance here. Watch for continued momentum at open to carry the trend established in the Asia-Pacific session this morning. If it does not, we should range in the value area between 4580 and 4627. The Kovach OBV is still very strong, so the trend is likely to remain bullish.
FX:SPX500Long
by quantguy
1
Stocks Rally for Fourth Day StraightStocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this point we are looking very over bought. The levels 4580, 4564, and 4545 may all be levels to consider buying back on a possible dip. A healthy correction could take us to 4521.
FX:SPX500Long
by quantguy