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Spx500long

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 Swing/Investor TradingAs we fall Sharply On the SPX, we can assess where the monthly Trend Trader would look to start to get long.. Remember, yes it MAY correct further. But as always its a MAY based on TIME. Ultimately, as lots of harmonic Traders look for are Very long term targets. Hitting these is also inevitable and realistic, but it must be matched by CORRECT position size VS the time it takes to get there. Sometimes its BETTER to be in and than out based on your capital available.. If you are out and waiting for an absolute ultimate price.. You will be waiting a while mostly because it has to occur on the HIGHER Timeframe charts. As with most equity markets you will see them RISE as World economies grow. Scaling in and taking gains On the LONG side is an option so much as you have good Risk management. This entails Hedging where necessary and appropriate position Sizes VS account Equity.
CME_MINI:ES1!Long
by WillSebastian
2
SPX is at the bottom of the channel again! Bottom Alert!SPX supports for today are 3689 and 3678 Today must close above 3710! Its at the bottom of the channel and lots of support is right here and now. Im out from my overnight short and not taking more of those at the point. Closing below 3640-50 will trigger a crash, Im not in that camp but something to watch! Im expecting a trip back to the mid channel (around 3900) by the end of the next week, starting tomorrow Must hold the opening lows!
SP:SPXLong
by RealTima
4
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
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
🚀🚀 S&P500 - LongThis idea i posted in my channel on Friday, i Entered at 4098 and hit my TP2 at 4167. I believe we could find another entry around this region. Here is my analysis for S&P 500 SP:SPX I have marked out step by step how i have come to find a long position on S&P500 . Price has broken the previous LH and created a new HH which has BOS. There is a key level of support around the area 4098 & has now broken the counter trendline and respected the 78.6 level. Happy Trading Traders.
BLACKBULL:SPX500Long
by benoc_