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Spx500forecast

SPX is looking for the 5th down or completing the C wave downIm not an EWT expert but this looks to me like completing the 5th down or the C wave of the bigger A wave down! THIS IS THE BEAR MARKET!!! 6th month and rolling now. All those 5500 coo-laid smokers were destroyed 6 months straight! Typically the bear market is lasting 2 years, I expect the maj low in Q1 next year. Its 6th onth now, so this move down should follow by a very strong rally soon (Mar like) The FED is on Wednesday and I will not be in short or be short on that day or maybe even since Tuesday! We closed below 3909SPX on Friday, targets 3850 or lower (warning email was send to my email list people second part of Fri). ES already below 3855 3855 is the maj resistance now with following 3885-4k zone. I got several targets for this move down: - 3805-09SPX maj support - 3765-80SPX Some other calculations are pointing for much lower levels! - 3665SPX level and, - 3555!!! Something to be open mined to. Ideally we hold 3800 handle, below is very bed! Notes from the chart 4170-90SPX is the main resistances now Resistance - 3855; 3885-4kSPX (must hold for continuation lower) - Low target for tomorrow 3805-09, 3780SPX - Buy if seen in am, dont buy if we see higher first - 3818-20SPX mid support, - 3805-09 and then 3765-80 zone is the maj support zone Buy zone for tomorrow with stops! - 3805-09SPX - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon) Short - no short on the FED day or even after Tuesday - 3855SPX and 3885-4k, no short above 4025 - Low (intraday) was on the 12th (about to get renewed); - Long from 3855-65SPX zone (email was sent when the price was at 3867-68SPX) Larger ABC pathway down into Oct/Nov low or more of the year is in play imo Final target in 3000-3200SPX zone Potential 5 waves down is forming! Next mid Jun low can be lower low! Have to be careful with sizing
SP:SPXShort
by RealTima
4
SPX is on the way to 3885SPXWell we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54. Im seating on my hands and looking for 3885-89SPX to hit to go long. We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX 4215SPX will the be the main target on that move up. Supports on the SPX are 3929, 3908 and 3885-89SPX Weekly support which must hold is 3853SPX, closing below will get us to low 3800 and ultimately to 3775SPX. My view is that we will hold 3885SPX, but dont rule out a test 0f 3850. Ideally we just blast from am lows and finish the move down on Monday/Tuesday.
SP:SPX
by RealTima
7
SPX is set a last test lower before a rally upSo far so good from the other day update. We should test 4090SPX at the open with ideal test of 4077 and 4062SPX and hold today. Holding 4060-75SPX level will produce a good support for a move up to 4215-25SPX and ideally all the way to 4300. After the next high this week or early next, will set us up for a move down to 3885SPX test! Only after 3885SPX tested, we will have a nice multi week rally all the way to 4425-45SPX and possibly even 4600. Dont get trapped!
SP:SPX
by RealTima
12
SPX short term is bearish, medium term is bullish!SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300! Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high Buy zone for tomorrow with stops! - 4060-65SPX - 4055SPX light level of support - 3927; 3908SPX - 3885-90SPX is the main buy zone - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon) Short - 4175-70SPX and 4215-25, no short above 4225, next target is 4300
SP:SPXShort
by RealTima
1
SPX mid term look - pushing higher into the 6-7th of JunTodays close must hold 3990-4000 on closing level! Closing below will bring much lower levels in Jun. Im not in the camp of the price falling that much in one day, but something to watch in case it happens. 4305SPX is the main resistances now Resistance - 4160-70; 4208SPX (must hold for continuation lower) - Low target for tomorrow 4105-10SPX - Buy if seen in am, dont buy if we see higher first - 4030-35SPX Main buy point, - 3850 and then 3834 zone is the maj support zone Buy zone for tomorrow with stops! - 4105-10SPX - 4030-35SPX expect it to hold and press higher - 3880-90 is the main buy zone - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon) Short - 4165-70SPX and 4215-25, no short above 4225, next target is 4300 - Low (intraday) was on the 12th; - Long from 3855-65SPX zone (email was sent when the price was at 3867-68SPX) - rally for a week or 2 back to 4150-4205 SPX, retest of 3870-80 level and then main target of 4300 (9+%) by July 4th weekend, - Ideally extend to 4425SPX (4300 main resistance on the way up) summer rally target - 110MA - Another but low odds stretch is at 4465-4505 and 4600SPX Larger ABC pathway down into Oct low or more of the year is in play imo Final target in 3000-3200SPX zone Potential 5 waves down is forming! Next mid Jun low can be lower low! Have to be careful with sizing
SP:SPX
by RealTima
3
SPX Planned Formation Update 5/23/22Right now we are experiencing the early stages of a big breakdown on the SPX I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart A break down like this will be disastrous, but not the end of the world The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to come. The Aptiv chart shows also a great representation of this within the Fibonacci circle, with a big extension (similar to that on SPX) leading to big downfalls to complete the broadening wedge pattern I have made charts of this in the past please check them out Above is the smaller formation VS the larger formation we can see on the Monthly timeframe Above is the original post
TVC:SPXShort
by Bixley
1
SPX500 likely to continue sell-offHey tradomaniacs, SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off. So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy. However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing. Good hance to short soon imo! What do yu think?
FX:SPX500Short
by Trading2ez
2
S&P 500 inverse Head and Shoulders Chart PatternWe are on the daily timeframe and we can see that historically buying the S&P index on RSI lower than 30 is an opportunity. Current S&P 500 PE Ratio is decent: 20.34 Min: 5.31 (Dec 1917) Max: 123.73 (May 2009) I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $4900 by the end of the year. 2. Worst case scenario: bull trap at $4150 an retracement to the pre-pandemic level of $3390. I tend not to believe this scenario because of the too low price per earnings ratio of the S&P. Looking forward to read your opinion about it.
SP:SPXLong
by TopgOptions
6
Weekend Update: Friday's Rally Held Into The CloseDue to plans this weekend I'm writing my weekend updates early for my followers Aristotle is quoted as having said. "It is the mark of an educated mind to be able to entertain a thought without accepting it." I entertain thoughts of alternative patterns constantly, but always rely on a primary count to follow through first and foremost. But with Fridays late strength...and by strength I mean NOT tanking before the weekend which would have been the easy way out for traders on a Friday afternoon....my BLUE Alternative and my BLACK Primary Counts have become equally probable in my opinion. Does Friday's session change my perspective on making new lows. No. Not yet. I say not yet because I want to remain agnostic to one gyrations. The pattern simply does not look complete without a thrust down to new lows. However I will not rule out we go slightly higher before lower lows. On the chart I have a region called NO MAN"S LAND. This is an area if we can rally to can turn into an ending diagonal that would ultimately reconcile in the target box...but would just take time. The loss of positive divergence on the daily chart leaves many possibilities to how we bottom but NML makes things more complex. Over 4320 and I can no longer be sensibly looking for lower lows unless we rally to 4500-4600 and top in a B wave before we truly crash down. I encourage each of my followers to study my chart above. BLUE and BLACK are equally probabilistic. Whereas NML kind of takes the simple and screws that up. I favor the simple (low 3700's next week) , until it becomes no longer sensible. Best to All, Chris
SP:SPX
by maikisch