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.
Spx500long
SPX 2 pathwaysIm watching 2 numbers - 3980 and 3950SPX (there is 4008 as a smaller degree support, so far held AHs in futs)
We should hold the am low and rally um into Monday high.
2 pathways:
- either we get to test 4077 (after 4008 or 3980test in am) and decline lower into Monday to 3950
- or just blast up into the 13th high, can stretch to 4215SPX for a fake out move I'm looking for
SPX support is at 4077 and 62, Im leaning bullish from the openIm long here, tight stop, next long will be at 77 and 62 respectively.
The bulls are running out of time to push higher, the max Im expecting is 4215 or so test as a fakeout move and then a full retracement down to 3885.
Hard market to trade, unless you trade the range, which is not easy as well. Probably will stay in one till the DEF meeting
SPX500 Long IdeaSimple game plan, considering price action is narrowing down:
Long Order:
✔️ Entry: 4090.00
⛔ Stop: 4050.00
🤑 Profit: 4203.90
Alternative scenario would be for the price to rest on the lower trendline, slowly trending up until it does a sudden drop down. In order for the above mentioned setup to be valid, I would like to see a bounce off that level, not consolidation.
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!
🚀🚀 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.
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
S&P 500 longs?After a bullish breakout above a strong, weekly trend line(in yellow) and a previous lower high, S&P 500 is surely showing bullish signs.
A small LTF consolidation has formed at the retest of these keylevels, a strong bullish continuation willnbe expected if an impulsive bullish break of the consolidation occurs.
If u found this, remotely helpful please drop a like and a quick sub.
SPX May 26th pathway - looking higherIm looking for a low to buy, ideally in am in 3922-45SPX zone, might stretch to 3885-90 (low odds)
- Low target for tomorrow 3885-90SPX - Main Buy
- 3922-45SPX mid buy point, high chance of holding tomorrow
- 3850 and then 3834 zone is the maj support zone
Buy zone for tomorrow
- 3922-45SPX expect it to hold and press higher
- 3885-90 is the main buy zone
- 3850 and 34 zone is the next buy targets
Short
- 4034-56
- 4158-70SPX and 4215-25, no short above 4225, next target is 4300
No short if trading above 4000SPX, should see higher numbers
SPX Trading ZonesIn this analysis we can see clearly the fall that has followed a sharp rise in the value of the SPX.
These Rises come accordingly with larger falls and retracements.. It is YOUR job as a trader to manage risk and get deals in at the right point.
That's right. you buy as price drops because you want it low. You sell it back HIGH! That is how you make money.
Take Note OF PA ZONES and Key MA's.
SP going into the FED notes release May 25th 2022Im leaning long after 25th shenanigans, ideally we hold 3885-90SPX and move up to breakout from the downtrend channel into EOM
It seems I accidentally was posting my charts as private and not public and only few who got the link was able to see it.
4305SPX is the main resistances now
3970-75; 4036-56; 4111-25 and 4160-70 (must hold for continuation lower)
- Low target for tomorrow 3885-90SPX
- 3850 and then 3834 zone is the maj support zone
Buy zone for tomorrow
- 3885-90 is the main buy zone (possible extension lower)
- 3850 and 34 zone is the next Main buy targets
Short
- 3960-75, stop above 80
- 4034-56
- 4158-70SPX and 4215-25, no short above 4225, next target is 4300
No short if trading above 3955SPX, should see higher numbers
- Low (intraday) was on the 12th;
- Long from 3855-65SPX zone (email was sent when the price was at 3867-68SPX)
- final low for this wave is expected (if was not hit yet) By Jun 13th-15th at 37754SPX
- rally for a week or 2 back to 4160-70 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
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
SPX Updated Thoughts 5/19/22I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
SPX 500 index: Local peak is close. Today we're here to talk about the SPX 500 index
What's on the market now:
The index is trading at 40 88. And in the last trading session we saw a move to 41 00 which I mentioned earlier, here's a link to the idea.
Today we are waiting:
Today we are waiting for a movement to the level 41 25, but before that the market can still visit the level 39 60
What I recommend:
If you want to go short:
I recommend you go short above 4125, limit your losses.
If you want to buy:
Long positions are possible from below 3960, limit your losses.
If you are not in the market:
You need to wait for the next bottom or peak. You can go short above 4125 or buy below 3960.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
SPX Should be the bottomed then head to 6k's next couple years Sitting on a trendline from 2007, if we switch to linear it's a little lower, so possible there is one more low but think this should be it. Then we get a 1998 style last horrah up to 6k's where we run for the hills, at least my current plan.
SPX 500 index: Is the market ready to show us 4100Today we are here to talk about the SPX 500 index
What's on the market now: The index is trading at 40 08. And in the last trading session, we have a flat correction.
Today we wait:
If yesterday's flat correction ends. And today we can expect the market to move to the level of 41 05. But if the market continues yesterday's correction, then we expect its bottom at the level of 39 30.
What I recommend:
If you want to open short:
I recommend that you go short above 4100. If you want to avoid risk, shorting above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3930 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms out at 3820-3780 and buy there.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
SPX bottomingMain target zone was hit!
4120SPX is the main resistances now
4000, 4056-35, 4115 (must hold for continuation lower)
- Next target is the ideal target 3935-55SPX (3932-34ES) - HIT!!!
- 3900, 3850-30 are next supports (can turn any time, not trading those unless day trading trend)
Buy zone for tomorrow (Hit)
- 3935-55SPX Main buy targets!!! BUY BUY BUY
Main Short 4220, no short above 4240, next and ideal target is 4300
Intraday short 4056-35SPX
Main pathway
- Low (intraday) was on the 11th;
- Long from 3935-55SPX
- final low May 10-11 at 3933-55SPX - Hit!!!
- rally for a week or 2 back to 4420 - 4300 (9+%),
- retrace back to under 4k in June
Main target for the upside is 4380-90 and 4425-40SPX (4300 main resistance on the way up)
Potential higher extension (ATH bull callers trap) around 4600SPX sometime in Aug
Larger ABC pathway down into Oct low to 3500-90SPX or more next year 2023 - 3000-3200SPX zone