FIBS CONVERGE - .612 .382 SPX AND ES1 SHORT PRICE REJECTION
37 minutes ago
Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use
1. The Fib from Jan 4th high calls this the .382 Resistance line
2. The Fib from Aug 16th high calls this the .618 Resistance line
3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES
Note the declining volume the higher she goes
Notice how the EMA CLOUDS mark key TURNING points marked with circles as it rose into the cloud
EMA Cloud where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Swing Trading 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high-level price over or under 34-50 EMA clouds confirms either a bullish or bearish bias on the price action for any timeframe
Spx500short
SPX - US500 @ 200 EMA - TOPS CALLED BY 200 EMA the 200 day ema has called all 2022 TOPDS - now again
In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. Traders who employ technical analysis find moving averages very useful and insightful when applied correctly.
****** VOLUME DROP OFF THE HIGHER SHE GOES
******* STOCHASTIC CALLS IT WAY OVERBOUGHT
HOPIUM - on slower rate hikes may prove to be premature when next CPI and FOMC meeting takes place in 2 weeks....
On the way to 4110-4150, waiting for a pullback again.Analysis of the spx 500 index on November 23
Today we are here to talk about the spx 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said earlier, the next level of growth for the index will be the level of 4110-4150. Although now the growth seems obvious, there is still a chance for the market to develop a correction. Globally, I expect the market to continue rising to the 4150-4250 level, this forecast is confirmed as there is a lot of free money in the market due to the reduction of funds and their positions in bonds that I mentioned earlier. Also, we can expect that these volumes will go to the market, and we will see a sharp increase in the index. However, if this attempt is broken, then we will see stabilization in motion and an attempt to roll back the index to the level of 3860.
What I'm looking forward to today:
Today at the open, I expect an attempt to roll back the index to the level of 3970. But since there are new volumes in the market, therefore, there is still a possibility of a sharp increase in the index to the level of 4115. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4110-4150 level, limit your losses.
If you want to go long:
Long positions are possible from the level of 3860, limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Goodbye!
SPX gapped up in am and retested the trendline from the topSPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night.
I did warn that this can test 4007SPX, its getting close to it.
Did few long trades in am, not touching this till tomorrow.
FED should be a perfect catalysis for the top.
If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high.
From where I do expect a strong move down into Dec 1st low.
Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX.
Should see an easy 150 points into Dec 6th if not more.
The setup is coming and its tomorrow.
I will be on most of the day and will tweet my trades life.
Get ready. The end of this correction is near, a key moment.Analysis of the spx 500 index 11/21/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3949. Yesterday, as I expected, we saw an attempt to increase the index at the market opening, i mentioned earlier. However, there were few volumes on the market and they were enough to maintain and stabilize the index. Thus, yesterday’s attempt to grow was not realized.
And so today the market will have another chance for the growth of the index. However, today in the morning the situation on the market is different than yesterday. Many market participants saw the weakness of the market and the hesitation of buyers. This will be a signal to experienced players to reduce their positions if the index fails to grow. This will cause the index to drop sharply.
What today:
Today at the opening of the market, rates are rising, the market is expected to be likely to move sharply. The index will have one last attempt to rise to the level of 4110-4150. However, if this attempt is broken, then we will see a sharp drop in the index to the level of 3860 and below.
What I recommend
If you want to go short:
Short positions are possible with a sharp move down. You can go short if the market goes down sharply, but limit your losses.
If you want to go long:
Long positions are possible with a sharp move up. You can go long if the market goes up sharply, but limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
Bye!
SPX has a perfect gap fill confluence on Dec 1stI really like what I see here:
- Longer term broken to the upside downtrend line test from the top 3744-50SPX
- As well as the gap to close from CPI numbers 3748.85SPX
All comes to Dec 1st.
Number to watch for tomorrow is 4010.50SPX on closing level.
- If the price gets to 4007SPX I will short with a 10+ points stop
Maj support is at 3744SPX on closing level
As noted before, I expect a strong selling into the EOM, ideally we mark a high on the 25-28th and sell hard from the 28th high.
The month of Nov will have a lower close then Oct month.
Ideal downside timing date is Dec 1st for the low and a high (wave 2) on Dec 6th.
From there the price will produce some strong selling into 3389 and ideally 3212SPX by the Dec OPEX or few days later.
A small recovery into EOY and high in Jan with crash from there.
Next year will produce a great long term long opportunity imo.
Have a great night
"Soft Landing" for stocksThis is just an idea of a "soft landing" for stocks. The level marked is technically the last gap that could close to the downside when it comes to this cycle. I'm still on the page of being all in at that level as I still am of the essence that a bottom has been reached for stocks. Of course all this can change the moment something breaks.
If this does play out it would be a reverse H&S pattern.
Exciting times to say the least. Good luck everyone, going to be a fun ride.
SPX had 61.8 retracement on that chimney spikeSo far its a text book 1-2 setup to the downside.
2 targets are on the chart with the red arrows there pointing to each target
I did few longs today and now positioning myself short
Ideally the price sell into the close and we see lower next week for a 22-23rd low
Have a great weekend and dont over trade during the Fri OPEX fckery
SPX Fake Rally?As we continue to monitor the broader index market we see many discrepancies between the S&P, Nasdaq, and Dow Jones. All 3 are not displaying the same level of strength, but what they do all have in common is signs of weakness with this last rally. Although I'm open to the idea that the markets have bottomed, I still think its more that we still have 1 more leg down at this moment. I continue to see signs of weakness with this last rally, divergence, over-bought indicators, and topping patterns are all showing right now. That doesn't mean the market has to make new lows, but at the very least I would expect a higher low to develop. I would be extremely cautious over the next few weeks/months until we see the market start showing signs of strength again. I believe the current investor sentiment is persistent optimism, which is not good for the markets. We don't know if we'll see a higher low, or a new low, but I would be prepared for the worst-case scenario, which would be the markets pushing down to the $3200 support level. We have a lot of historical support in that area, including the weekly 400EMA and the bottom of our down-trend channel where I think it's likely we see a bottom.
Remember, be patient, level-headed, and don't follow the crowd.
SPX 500 index: When will the current correction end?Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3946. As expected earlier, the market started to correct. And yesterday we saw the price reach the 3920-3900 level which I mentioned earlier. Now the market is in the zone of consolidation, and will leave it when there are new volumes of money on the market.
Today, the market is in a sideways movement, however, I expect an attempt to increase the index to the level of 3975-3990, but if experienced players enter the market, then we will see a sharp movement of the index to the level of 3860. However, if this attempt is broken, then the target for the index will be 4150.
What today:
Here are my trading recommendations for today.
Today I expect the index to stabilize and try to rise to the level of 3990 and then the index will try to move to the level of 3860. But if this attempt is broken, then we will see a sharp increase in the index to the level of 4110-4150.
What I recommend
If you want to go short:
Short positions are possible from the 4110 - 4150 level. This would be an ideal place to sell this week, limit your losses.
If you want to go long:
Long positions are possible from the 3860 level, this would be an ideal buy, limit your losses.
If you are out of the market:
If you are out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
ES above 4001 it explodes, below 3960 goes down to 3900-10I have marked resistance to take and support to break.
Did a quick long from 3972.5 long and already out at 3983.50.
I will jump on a wagon if it break either side, so far no mans land, need to see the real move here.
My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long with a stop.
There is a clear bull flag and as well as roofing pattern on the charts, so really need to see a move in a right direction to enter into a trade, waiting at this point
There is a turning day tomorrow and the day after.
I wont rule out a cycle inversion and a high on the 21-22nd instead of a low.
The maj resistance/support levels were provided.
Closing above 4010.50SPX will be bullish going into the next cycle of importance.
There is a huge option flow to expire on Fri, so a fakeout and dump from there is very possible
A close around 385 will be ideal to kill all the premium out there. There is also a big 390 put wall for this Fri exp.
Main support for the SPX is at 3750.
Daily supports are at 3950-52SPX and then down at 3907-13SPX
Have a good night
SPX is gonna continue the bearish TrendHello!
SPX is in a Descending channel. The Price is gonna Keep falling for now it seems. the Price haven't touched the top of the channel yet so this means the price will Increase a bit before Descending further to the point where it touches the bottom of the channel.
Last attempt to take 4050 or wait for a rollback?Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index.
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
Reposting my weekend update for those who didnt see itMy weekend update was banned as noted other place, Im re-posting now:
I have cycles top on Tuesday and choppy period into 22nd low
The way I see here is that the price is about to finish the wave 2 and 3rd wave will bring the price down into third week of Dec.
Dont see and Santa Rally this year, it should be a Santa Crappy.
Nov month should be lowest monthly close when Dec will be higher and Jan 2023 will be another lower monthly close.
Intra day low might not come till Apr or even May.
I have volatility rising from tomorrow all the way into EOM .
I do expect a good down move tomorrow, which will be bought.
Main support now is at 3910-15SPX and smaller degree support at 3950-58SPX
Resistance and target on the upside are on the chart with notes.
Maj resistance on closing daily level is at 4010.50 SPX and weekly at 4116-18.
Ideal target for the high this month is 4118SPX level, might very well top in mid 4000
The way the price is going is not bullish but a bear rally, those can extend and be super fast (we got second part already)
Main support is at 3750-55SPX now, below it top is in.
My game plan for tomorrow is buy low 39 handle for a move up into Tuesday high.
I have exited my MES short from Friday close at Sunday open and flipped to long from 83.50 and 84.50. Already took profits at 91.50 and 93.50 zone.
Im long some MNQ and my main position is swing short MNQ.
I will trim most of my long on Tuesday high.
Possible targets for Santa Claus Rally: 4060-4250-4400Analysis of the spx 500 index 11/11/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment.
The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880.
Where will the market have a chance to start the Santa Claus rally.
What I'm looking forward to today:
Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4060 level, limit your losses.
If you want to go long:
Long positions are possible on a rollback from the level of 3880.
If you are out of the market:
Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!