Spx500short
S&P 500 USD - Black TuesdayA crash is coming in the stock market in the following days: probably this week or maybe next week.
The last intermediate cycle lasted for 80 bars and ended on the 16.06.2022.
The new intermediate cycle rallied to the 200 SMA then dropped into the DCL on the 9th Sept. The new daily cycle is only on day 14 - we are in this daily cycle - and it is close to the support of 3634...
If we we are having the same length of intermediate cycle like the last one then we are going to break 3634 this week and drop to 2962.
If we are having a longer intermediate cycle ( 100-120 bars) then we are going to bounce from here for a few days and break 3634 a few days later sometimes next week.
As the dollar seems to working to print its multi year top these days there is a good chance that the support zone is going to break tomorrow or Wednesday this week.
SPX is at Very Very Very Dangerous zone!Hi everyone,
Im on vacation from Sunday to next Sunday, but I will be trading and will be still posting updates.
I dont want to call for a crash here, chances for it are super slim.
Any trade must be protected with a stop and only you as a trader can make the decisions on what to do with the information you're getting.
Must do is your own homework!
Again do not mortgage your house and go all in as this can be a very well one big bear trap!
Im looking for that final move to be over by end of Oct or early Nov regardless. (updated about this last week Thursday or so)
My target zone is 34 handle by the time window outlined above with ideal target being 32 handle.
Below it, the markets are in real troubles!
Can it be a crash, I don't know, I'm too far out to predict such things.
Here is my quick but important update:
- I wont rule out another low on Monday am and in fact I will be shorting on Sunday if we get a bounce.
- That low can be lower 52 week low or just 3610SPX test
Levels of importance
- 3640.50 (again)
- 3610, below this level comes
- 3550-40
- 3511
- 3480-85 all SPX
Resistance is at 3735-45; 3775-85
Here is my 1h chart
On this chart I have outlined support levels, when/if broken you know whats coming next!
IF we get a strong rally into Wed, I will not be holding longs at all, line none! I will only do options (puts) on what Im ready to loose.
So here is a clue to how low this can fall in a very short time:
- check the fibs from the low of 2009 to the high this Jan, check where is 78.6% retracement is
SPX500 SELL IDEA - 10.12.22They took out Monday's highs from the beginning of this week already and we still have that low intact -- so I'm going along with the trend and selling and targetting those two lows we have below.. lets see what we get.
I targeted that FVG + BREAKER as the entry which is why I entered there.. We also tapped into 0.705 perfectly which was nice to see. wicked it and the bodies closed at the 0.618. My target is 3571.75.
SPX pivot points!Check out how the daily Pivots aligning!!!
I expect S2 to hit if it break this week!
- 3228SPX, my target was 3212, close enough
Ideally we hit S3 on this one!
- is at low 2800!!!
Perfect storm is getting ready!
If we rally tomorrow, I will short EOD close and add on Wednesday
Dont tell me that i didnt warn about this possibility of much much lower levels to be seen in end of Oct to Nov 21st week timeframe!
Timing is everything is this game,
Do Not Get Trapped!
Ideal Sell trade of the day -- 30M trade Idea --
Confluences: broke below Breaker -- Previous OB had support at that Breaker (Which also had support inside a previous 45m FVG it rejected) so I expected that price was not needed to come back into this breaker again -- We also had a lower 30M fvg which we tapped into and did not need to fill, as it just tapped into the low of that fvg for liquidity and then sold lower.
We can also see that we had a Gap from the opening week which I did not mark on this chart but will show here: (BOLD RED LINES)
We can see we had major support and resistance there for manipulation lower very quickly to tae the lows and tap back into that previous orderblock.
9AM open was the EXACT time we tap into that 30M FVG and sell heavily.. talk about manipulation ... haha
we then take the lows from Asian and London ( London had already tapped Asian lows however I sure there were people who re-entered once more after getting stopped out)
It is now 11:52 and we are getting a retracement back into the Asian midpoint from our session earlier today, the question is will it become a support or be a resistance since we are tapping below it..
However, This is an outline of the ideal trade idea for someone who just wants to get in and out of the markets by a certain time. My aim is to be on the charts by 8:30-9am so that I can catch the retracement of the day. I don't need to catch the whole move. I want to be in and out of the markets. I am learning to control my greed because ultimately that is what causes you to lose your profits. Confidence and Determination to execute your trades is what is needed in order to be truly successful. That is why I am creating a robotic system that I don't need to think it can be just a pattern that I follow on the daily basis based n what the market gives me.
SPX still not positive.US500 - Intraday - We look to Sell at 3679 (stop at 3721)
Prices have continued the bearish move lower and resulted in 3 consecutive negative days.
We look for losses to be extended today.
A firmer opening is expected to challenge bearish resolve.
Resistance is located at 3690 and should cap gains to this area.
We look to sell rallies.
Our profit targets will be 3572 and 3550
Resistance: 3690 / 3800 / 4110
Support: 3570 / 3210 / 2800
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SPX last night email update chartMorning everyone,
Im sharing my last night work with you here. This was sent out to those who are on my email list.
It was a long update, I will copy paste only important stuff here:
I think we get Jun low to Aug high type of move but much faster.
Looking at the zoomed in chart (4h white background chart)
- You can see that I expect to have a deep pullback into Fri (ideal target is 3680-70SPX), another move up from there either to 3875SPX to finish up the whole move up of this 4th wave.
- Or we get Jun to Aug (but faster) move off the lows and get a move from upcoming Fri low back to 3785, down to 3645 and final strong move up to 4040-4100SPX. This pathway will make the next high not mid month but closer to the EOM (making higher monthly close)
After mid or end of the month high expect the final move down early Nov to finish up the whole move down of A wave from Jan high and mark the low for the year.
Targets to hit:
- If the price makes 4040-4100SPX , then the first target will be back to just a bit under 3600SPX
- Ideal target zone is 3475 and 3389-95SPX
- 3212SPX is the extended target
Trading plan for the rest of the week.
- Looking to start taking off my swing short at 3715-20SPX level and will start layering with longs there 25%
- Exit full short position at 3670-80SPX level and get 50% more longs to make it 75% long position
- In case we hit (less odds) 3640SPX I will be 125% long, otherwise I will add on a move above 3755-3760 test and hold.
On the simple daily SPX chart 110MA is below 50MA can be the main target to hit next, need to close above the mid Bollinger, which I think will happen on the move up after Fri low.
I really think the price should close the last gap from 3678SPX before the move up resumes.
I want to see a price gap down below 3750 from the open to have my plan playing out.
3640SPX is a very important number to hold on any closing level!
Numbers of importance for tomorrow:
Resistance:
- 3876SPX (closing above should see 3960SPX next)
Support:
- 3749-50SPX, closing below should see below 3700 next
- 3715-20SPX
- 3670-80SPX
- 3640-45SPX
Im Swing ShortSPX target 3680-88SPX now, ideal 3640-45 test
If we hold 3640 on closing level, I will be looking for 3900 test
Im swing short here with SPY puts, ES and NQ
Got a bit burned with stop losses, gave back most of my am profits.
Im getting a feeling that this will sell hard into Fri, will add to my swing short on any advance.
SPX supports to holdThe price is finally giving up, recent history is showing that the rallies are lasting 2 days, will it repeat today and we close red, we will see.
Numbers of importance for today:
Support:
- 3749 (on closing level)
- 3712.40
- 3680-88SPX (Again this number as an important) support, now becomes an ideal target)
- 3640.50 is a final must hold on any close today and tomorrow
Resistance:
- 3830
- 3860
- 3875
Tomorrow must be very careful with longs! this can really fall tomorrow if no turn today.
SPX gapped above 3735The price gaped above the main resistance line, there is noting much but air above.
Main target is 3850 now, while first resistance is at 3788-90SPX
Any pullbacks should be bought imo, especially 3735-15
Level of importance is 3715 on closing level, must hold on any closing to continue higher
SPX must take 3675 for higher levels to be seenI really want to see 3675SPX tested and then a move above it after a retracement.
The down trend channel is important here, so all eyes on 3675SPX!
Im out from my Fri longs at 3645, will re-enter
Also closed my SPY 346 calls at BE, very happy with not loosing there:)
Please note, all the purple lines are the unfilled gaps!
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
SPX500 Update to Sell IDEA (L taken)To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct..
This is the trade I am currently in targetting 3628.75.
-- SL NOW AT BE
- We had distinct lows all 3 were higher lows than the other..
However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out.
We come to take all the Internal liquidity created within NY session to then continue the sell.
We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance.
There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
SP500 CONTINUES ITS DOWNTRENDAfter the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase.
The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the opposite scenario, if the trend reverses, the price might reach its high of 4160.
All technical indicators are confirming the bearish trend, with MACD histogram below 0 line and RSI approaching oversold zone of the 30 line.
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SPX is looking lower as wellI wanted one more high today to short and the price is just so weak, its unreal!
This was my NQ update from last night
No more longs for me till the quarter end tomorrow!
All eyes on 3636 and 3600SPX on closing level!
Closing below 3636 will bring mid 3500 (3555-45) next, then 3500.
Closing below 3600 could cut another 100 points plus tomorrow!
So far it bounced off my support (grey line below the price), that support is less important then 3636!
So be very careful here! Also I wont aggressively short it, as the window for the low is tomorrow/Sunday (for futs)
I will be taking off all my swing MNQ short tomorrow and wont hold over the weekend.
Next week should get us a relive bounce into 6-7th high, then this can continue! Closing the month below 3600 will bring 3200 on the table for the next month or Nov too be seen
This is not the time when you go all in with longs, have stops or wait for the extreme levels to come to enter (much safer bet)