SPX pivot points!Check out how the daily Pivots aligning!!!
I expect S2 to hit if it break this week!
- 3228SPX, my target was 3212, close enough
Ideally we hit S3 on this one!
- is at low 2800!!!
Perfect storm is getting ready!
If we rally tomorrow, I will short EOD close and add on Wednesday
Dont tell me that i didnt warn about this possibility of much much lower levels to be seen in end of Oct to Nov 21st week timeframe!
Timing is everything is this game,
Do Not Get Trapped!
Spx500forecast
SPX last night email update chartMorning everyone,
Im sharing my last night work with you here. This was sent out to those who are on my email list.
It was a long update, I will copy paste only important stuff here:
I think we get Jun low to Aug high type of move but much faster.
Looking at the zoomed in chart (4h white background chart)
- You can see that I expect to have a deep pullback into Fri (ideal target is 3680-70SPX), another move up from there either to 3875SPX to finish up the whole move up of this 4th wave.
- Or we get Jun to Aug (but faster) move off the lows and get a move from upcoming Fri low back to 3785, down to 3645 and final strong move up to 4040-4100SPX. This pathway will make the next high not mid month but closer to the EOM (making higher monthly close)
After mid or end of the month high expect the final move down early Nov to finish up the whole move down of A wave from Jan high and mark the low for the year.
Targets to hit:
- If the price makes 4040-4100SPX , then the first target will be back to just a bit under 3600SPX
- Ideal target zone is 3475 and 3389-95SPX
- 3212SPX is the extended target
Trading plan for the rest of the week.
- Looking to start taking off my swing short at 3715-20SPX level and will start layering with longs there 25%
- Exit full short position at 3670-80SPX level and get 50% more longs to make it 75% long position
- In case we hit (less odds) 3640SPX I will be 125% long, otherwise I will add on a move above 3755-3760 test and hold.
On the simple daily SPX chart 110MA is below 50MA can be the main target to hit next, need to close above the mid Bollinger, which I think will happen on the move up after Fri low.
I really think the price should close the last gap from 3678SPX before the move up resumes.
I want to see a price gap down below 3750 from the open to have my plan playing out.
3640SPX is a very important number to hold on any closing level!
Numbers of importance for tomorrow:
Resistance:
- 3876SPX (closing above should see 3960SPX next)
Support:
- 3749-50SPX, closing below should see below 3700 next
- 3715-20SPX
- 3670-80SPX
- 3640-45SPX
Im Swing ShortSPX target 3680-88SPX now, ideal 3640-45 test
If we hold 3640 on closing level, I will be looking for 3900 test
Im swing short here with SPY puts, ES and NQ
Got a bit burned with stop losses, gave back most of my am profits.
Im getting a feeling that this will sell hard into Fri, will add to my swing short on any advance.
SPX supports to holdThe price is finally giving up, recent history is showing that the rallies are lasting 2 days, will it repeat today and we close red, we will see.
Numbers of importance for today:
Support:
- 3749 (on closing level)
- 3712.40
- 3680-88SPX (Again this number as an important) support, now becomes an ideal target)
- 3640.50 is a final must hold on any close today and tomorrow
Resistance:
- 3830
- 3860
- 3875
Tomorrow must be very careful with longs! this can really fall tomorrow if no turn today.
SPX gapped above 3735The price gaped above the main resistance line, there is noting much but air above.
Main target is 3850 now, while first resistance is at 3788-90SPX
Any pullbacks should be bought imo, especially 3735-15
Level of importance is 3715 on closing level, must hold on any closing to continue higher
SPX has turned positive?US500 - Intraday - We look to Buy at 3674 (stop at 3598)
Following yesterday's bullish candle, the overall trend higher looks set to continue today.
A weaker opening is expected to challenge bullish resolve.
Support is located at 3670 and should stem dips to this area.
Preferred trade is to buy on dips.
Our profit targets will be 3850 and 3900
Resistance: 3850 / 4150 / 4630
Support: 3670 / 3270 / 3000
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SPX must take 3675 for higher levels to be seenI really want to see 3675SPX tested and then a move above it after a retracement.
The down trend channel is important here, so all eyes on 3675SPX!
Im out from my Fri longs at 3645, will re-enter
Also closed my SPY 346 calls at BE, very happy with not loosing there:)
Please note, all the purple lines are the unfilled gaps!
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
SPX500 Update to Sell IDEA (L taken)To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct..
This is the trade I am currently in targetting 3628.75.
-- SL NOW AT BE
- We had distinct lows all 3 were higher lows than the other..
However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out.
We come to take all the Internal liquidity created within NY session to then continue the sell.
We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance.
There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
15min SPX is about to give buy signal, but will fail imoVery weak day today.
I want 3636 test and fail from there to close at the lows.
Very important level to watch on closing level as mentioned before.
So many are trapped since yesterday and the gap might not close till Wednesday next week at min imo
Also no one would expect another 100 points trim tomorrow, everyone is looking how "oversold" it is and pray for a bounce.
All we get is muted reaction and more selling. Tomorrow should mark temp bottom imo
SPX is looking lower as wellI wanted one more high today to short and the price is just so weak, its unreal!
This was my NQ update from last night
No more longs for me till the quarter end tomorrow!
All eyes on 3636 and 3600SPX on closing level!
Closing below 3636 will bring mid 3500 (3555-45) next, then 3500.
Closing below 3600 could cut another 100 points plus tomorrow!
So far it bounced off my support (grey line below the price), that support is less important then 3636!
So be very careful here! Also I wont aggressively short it, as the window for the low is tomorrow/Sunday (for futs)
I will be taking off all my swing MNQ short tomorrow and wont hold over the weekend.
Next week should get us a relive bounce into 6-7th high, then this can continue! Closing the month below 3600 will bring 3200 on the table for the next month or Nov too be seen
This is not the time when you go all in with longs, have stops or wait for the extreme levels to come to enter (much safer bet)
S&P 500 Index Analysis 29/09/2022The S&P 500 (SP) is holding above the strong support, from where a nice bullish rally started, that move has also done a break of structure.
It is a powerful zone for S&P 500 to create a bullish impulsive wave from here. Today's candle close is important to watch, and if it closes bullish, that would confirm a bullish rally in S&P 500 and if it breaks down than that would be a bearish sign for it.
SPX quick update15min is diverging down, watch for 3731-32 print (I have few to short there), we came close enough though.
That resistance line above it what must hold on any test, it will be quite bearish if it does today/tomorrow.
Needs a gap up to confirm the low is in.
I have trimmed my longs and entered with SPY Oct exp 351P, also have order to short at numbers mentioned above.
For tomorrow Im looking for a higher low and move above that resistance to test the trendlines above at 3750
3750-60SPX is the next resistance after 3725-35SPX
Im not shorting here till I see my 3731