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Spx500forecast

Holding 3830-45 will be bullishI think the move up is not over yet, needs to hold 3830-45 (45 is the gap fill zone), below will get us down to test 3730-60 zone again. 3730 is the main support at the moment. All my resistance numbers from July 7th post are active! Please note that the C&H formation is still out there and it needs to get above 3945SPX to trigger the rally to 4225+ There is also a possible W formation in play with the right V low to hit my main target 3555-50 with a possible stretch to 3500. So quite hard place to be swing long or short. day trade is the answer for now. There is a great long setup is coming soon for the big rally in Aug. Ideally of my target zone. Thinking of today's low to hold and rally up into mid week before a good size sell off down to 3730-60 at min. Im traveling today/tomorrow, wont be on much to update.
SP:SPX
by RealTima
5
SPX longer term updateThis is a quick update with levels of importance. I will update in more detail those who are on my email list, cant do it all. So I think we will see a really this week and I have 2 targets - 3880 and 3960-90SPX Both are good for the lower lows to come sometime mid of the month, ideal bottom target is July 14-18th. The top in 3960-90 zone actually better fit with expected by me 3500 test. 3500 is a very important level and failure of that level will get us to 3200 very quickly. Off that expected low, Im expecting a good size rally, maybe a month or month an half (into end of Aug) all the way to 4300 and maybe even 4425SPX. From there we will see either 3200 or 2900-2800 (depends on the July bottom 3500 and 3200 respectfully) sometime in Oct. That low alone will be a one big A wave of the correction and the bigger B wave will go up into Jan and final low might come in Mar of 2023, unless its really extended and we wont see the low till 2024. But its too far out to speculate at this point. So my this week trading plan is to exit longs at 3880 and it taken out re-enter to ride to 3960-90 zone and then I will be naked short for the trip down to 3500 zone. If we lucky to see 3750-60 tomorrow, then I will be long for the trip to 3880 at min.
SP:SPX
by RealTima
3
SPX not a bullish looking to my eyesThis is not a bullish close to my eyes, the whole day was just a consolidation. The only good thing I see is holding 3800, so if we gap below 3799 overnight, then we will see 3760 next. Mid support is at 3780, low support is at 3734 Next support is not till 3662 and below! Looking for that low to be bought and rally into Fri close. Note this - closing below 3992 on monthly level will get us to 3200 next!!! So very important day tomorrow. And from where we are now its quite a distance to close above that number! More pain is coming into the market next month! It seems that the rally will come after the July low. Im still looking at 4300+ but want 3500 to get hit first P.S. There is a higher chance of seeing 3662SPX then 3992SPX, we are really at the no mans land now, pick you side 50/50 here. I would prefer lower first and run to 4017-20SPX after. Its all about gaping down below 3799 and gaping up above 3840SPX tomorrow
SP:SPX
by RealTima
6
ES is at Bull/Bear lineES is at Bull/Bear line, hit 110 MA and 50% retracement. A real test of who is in charge is right here. As well as ABC move up with perfect 100% extension hit on the SPX close. Jumping over the 110MA and test from the above will be a good sign of continuation of this move. There is also a possible fakeout to watch. A perfect place for a pause of this move up and some retracement. An ABC move up to 4017SPX or so is what Im looking for with A being done and we get to test 3730-40 zone before the continuation higher. Ideally we see the whole move going into the 4th of July weekend! Im slightly short as of close, kinda risky trade as this can just continue extending to 1.618 Will send a separate email with more charts to those who are on the email list. Enjoy your weekend, lots of volatility is coming after the 28th, so prepare for huge moves both ways
CME_MINI:ES1!
by RealTima
12
SPX must close the gap or it will be very bearish imoSo far so good from yesterday's update, we gaped up and the longs must be very profitable to those who followed. Must close the gap today or Monday, otherwise this could be a stop run and the target will be 3585-90SPX (fibs agree if we top here) Otherwise another breakout on Monday would do it and the main resistance is at 3970-90SPX, which will be heavy shorted by me Watching the close of the gap now, which is super close @ 3900.16
SP:SPX
by RealTima
7
SPX - RSI Analysis Two periods can be observed on the RSI for SPX on this 3Monthly chart A downward trend which correlates with a sideways move on the relative timeframe And a small uptrend that correlates with sharper growth on the SPX, these begin within the green circle These green circles show very comparative structures, however one is during an up period, while the current one is during a sideways trend period Price will very likely continue through the up channel on this larger timeframe
TVC:SPX
by Bixley
1
SPX Long Term View 4300 becomes the main resistanceMy weekend update is a day early, I will update those who are on my list with a bit more details on shorter time frame view tomorrow. We are in a bear market and those 5500 callers got destroyed all the way down calling every bottom from Jan. This is my long term view and I think we have bottomed here today or super close to it! I got targets for the potential bottom left, all SPX: - 3643 (came super close to it today) - 3688.50 - 3555 We clearly had 5 down or A completed on this move! Now the time for the B (still think this will be an ABC correction going into Mar of 2023) My main target now is 4300, down from 4425. Extension target now is 4425-45 down from 4600 110MA (descending every day) becomes the main magnet for the move up to hit at least I got 2 main targets to hit for the C, one in Oct/Nov of this year and next one is Mar of 2023. Ideally we see the first target hit and then some sort of damage control move into the EOY close and finish up in to 2600 handle (2800 at min) in Q1 of 2023. I was saying for a while now, that the whole move from 2020 will be erased this year, its getting supper close to it now! That yellow dotted line is line in sand for the bears and bulls, break it above and test it from the top will make me change my view to the whole view and look higher. Before it happens its the main line Im paying attention to now. Have a nice day P.S. next week should rally up and ideally we make a higher low end of the month before the window dressing rally
SP:SPX
by RealTima
29
SPX rejected both 3710 and 3730SPX support, tomorrow will gap upSPX rejected both 3710 and 3730SPX support. Maj daily support was 3710. Tomorrow should gap up. There is a chance we still see my 3696.50 tomorrow, but in idea we should gap up tomorrow and repeat the Mar Fed day. Im out from 80% of my short, and keeping only core longs going into the FED day. SPX gaps to close are: - 3900 - 4017 Failure getting above 3957 after the FED will get us another washout to 3665-68SPX Ideally we gap up tomorrow and make a higher low after the announcement. As the hike is already priced in imo
SP:SPX
by RealTima
5