SPX not a bullish looking to my eyesThis is not a bullish close to my eyes, the whole day was just a consolidation.
The only good thing I see is holding 3800, so if we gap below 3799 overnight, then we will see 3760 next. Mid support is at 3780, low support is at 3734
Next support is not till 3662 and below!
Looking for that low to be bought and rally into Fri close.
Note this - closing below 3992 on monthly level will get us to 3200 next!!! So very important day tomorrow. And from where we are now its quite a distance to close above that number!
More pain is coming into the market next month! It seems that the rally will come after the July low. Im still looking at 4300+ but want 3500 to get hit first
P.S. There is a higher chance of seeing 3662SPX then 3992SPX, we are really at the no mans land now, pick you side 50/50 here. I would prefer lower first and run to 4017-20SPX after.
Its all about gaping down below 3799 and gaping up above 3840SPX tomorrow
Spx500short
SXP500 Index: Reversal of the 3750 - will it be?Today we are here to talk about the SPX 500 index
Today: The index is trading at 3821 and in the last trading session we saw the development of the correction I talked about earlier. Here is a link to the idea.
Today at the beginning of the trading day I expect the stabilization of the movement, and then the subsequent movement of the price to the level of 3735 - 3700. I believe that the market has dropped to the zone 3750 and there will try to turn to 40 00. However, if the market of this level, further market movement in the zone 3550 - 3480 is possible.
Today we are waiting for:
Today, as yesterday, I expect the market to decline in the zone 3780 - 3750, but if this trend is broken, the market will continue to grow to the level of 4050-4000
What I recommend:
If you want to open the short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is too risky now. However, if the market is a positive scenario, you can enter the market from the level of 3750 - 3700.
If you are not in the market:
If you are out of market. I recommend you open short positions from the level of 4010 - 40 50. But if you want to buy, I recommend you to open a long position from the level of 37 00.
Like and subscribe, thank you!
Also don't forget to contact me in 2 or 3 days for further trading advice.
Don't forget to like, it really motivates me to share my knowledge of the market. Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
Analytics spx 500 index: Complex correction, new look.Today we are here to talk about the SPX 500 index
Today: The index is trading at 3900 and yesterday we saw the stabilization of the market that I expected earlier. Here is a link to the idea.
Today I expect a continuation of the developing correction. However, this will not be a real sharp drop, although the decline will be significant. I believe that the market has fallen to the 3750 zone and will try to turn around there to go to 4000. This will be the positive scenario that I talked about yesterday. However, such a development, although it is joyful in itself, does not cancel the further correction to the 3550 - 3480 zone. But this is still about the future, but today I am waiting for the next one.
Today we are waiting:
Today, I expect the market to decline to the 3780-3750 zone, however, if this trend is broken, the market will continue its growth to the level of 4050-4000
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is now too risky in the market. However, if there is a positive scenario on the market, then you can enter the market from the level of 3700. If you want to buy, it is better to wait for a favorable price.
If you are not in the market:
You can try to go short from the 4010 level or wait until the market hits a local low around 3700 and then buy, but limit your losses.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my knowledge of the market and Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
500 index: Russia's default is a new challenge for the markets.Today we are here to talk about the SPX 500 index
Today: The index is trading at 3911 and we saw a sharp rise yesterday. During the last trading session, the market moved into the expected zone at the level of 3850 and consolidated significantly above it. Here is a link to the idea.
Today: I expect the development of a correction in the market and price stabilization. However, if this does not happen and there is a positive mood in the market, then the level of 4050 will become the closest zone to a reversal.
Today we are waiting:
Today, I expect the market to stabilize. Possibly with rap at its opening.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 40 50, but limit your losses.
I continue to hold a short position from 3850 and advise everyone to limit your losses.
If you want to buy:
Buying is now too risky in the market. If you want to buy, it is better to wait for the market bottom around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 4050 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge
See you next time!
Bye!
ES is at Bull/Bear lineES is at Bull/Bear line, hit 110 MA and 50% retracement. A real test of who is in charge is right here.
As well as ABC move up with perfect 100% extension hit on the SPX close.
Jumping over the 110MA and test from the above will be a good sign of continuation of this move.
There is also a possible fakeout to watch.
A perfect place for a pause of this move up and some retracement.
An ABC move up to 4017SPX or so is what Im looking for with A being done and we get to test 3730-40 zone before the continuation higher.
Ideally we see the whole move going into the 4th of July weekend!
Im slightly short as of close, kinda risky trade as this can just continue extending to 1.618
Will send a separate email with more charts to those who are on the email list.
Enjoy your weekend, lots of volatility is coming after the 28th, so prepare for huge moves both ways
SPX must close the gap or it will be very bearish imoSo far so good from yesterday's update, we gaped up and the longs must be very profitable to those who followed.
Must close the gap today or Monday, otherwise this could be a stop run and the target will be 3585-90SPX (fibs agree if we top here)
Otherwise another breakout on Monday would do it and the main resistance is at 3970-90SPX, which will be heavy shorted by me
Watching the close of the gap now, which is super close @ 3900.16
SPX 500 index: local peak at 3850 - key turning point: Today we're here to talk about the SPX 500 index
Today: The index is trading at 3795 and yesterday we saw the market attempt to move up to the 3850 level. Here is a link to the idea. Today, market participants will continue to push the market to the 38 50 zone. Where I expect the formation of a new local peak.
Today we are waiting:
Today, like yesterday, we are waiting for an attempt to move to the level of 3830 - 38 50.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 38 35, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge and subscribe to me, and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
SPX 500 index: On top of the hill - Last attempt to take 3850. Today we're here to talk about the SPX 500 index
Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a possibility of price movement to the level of 3830-3850 on the market, but this isn't necessary.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 3830 - 3850. There is a probability of such an event on the market, but this probability is not high, and if this attempt is broken, then I expect a sharp movement to 3550 - 3480.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 38 35, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market in the region of 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
500 index: On the way down - ready for the bounce: Today we're here to talk about the SPX 500 index
Today: The index is trading at 3674 and we saw stabilization in the last trading session. Now the market is in the zone of consolidation with subsequent exit from it to the level of 3550 - 3480. Negative phenomena continue to be observed on the market. Bulk sales are still ahead.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 40 - 37 85. The last trading session was only able to consolidate market participants. But if this attempt is broken, then I expect a sharp move to 35 50 - 34 80
What I recommend:
If you want to go short:
It is better to open short positions from the level of 37 85, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3785 level or wait until the market bottoms around 3550-3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
SXP 500 index: New pivot point Today we're here to talk about the SPX 500 index
Today: The index is trading at 3666 and in the last trading session we saw a sharp drop from the local high that I mentioned earlier, here is a link to the idea. Now is the worst time to buy in the market. The market is still waiting for big sales.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 40 - 37 85. But if this movement is broken, then we will see a further fall of the market to the level of 35 50.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 37 40 - 37 85, but limit your losses.
If you want to buy:
Shopping now is too risky. If you want to buy it is better to wait for the bottom of the market around 35 25 and buy there.
If you are not in the market:
You can try to go short from the 37 85 level or wait until the market bottoms around 3550-3500 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
SPX resuming decline to 3500 from H&S patternAfter a traceback and hitting neckline resistance, the SPX rapidly resumed its decline to the head and shoulders break target of 3500 as shown on this chart.
Failing to hold that line will result in a further decline to the 3200 level.
Looking at overwold RSI WEEKLY levels, i would venture to guess that we'd see a bounce (to what extend, i do not know) around either of these two areas.
But in order for there to be a complete reversal, we will need to see the VIX hit 50 or higher before there is total capitulation.
But without this, we may see continued, griding decline.
We also want to see a rise of RSI off the bottoms in order for this to happen as well.
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
SPX UpdateDoes look like a gap up tomorrow to my eyes. I got some lotto calls for tomorrow/Fri
Support 3775SPX
Overnight support ES 3770-80 and 3745
Main resistance is 3885SPX and one more at 3855SPX
Im mostly bullish, will add if we get another weakness tomorrow am.
Might update the chart with more info later on
SXP500 Index: Now there are few buyers in the market. Today we're here to talk about the SPX 500 index
Today: The index is trading at 3735 and in the last trading session we saw a movement to the target zone of 3700. Here is a link to the idea. However I believe the market has not reached its bottom yet. Sales are still possible on the market.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 3650. Although the market shows signals for a reversal, there are still very few buyers.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 3850, limit your losses.
If you want to buy:
Long positions are prohibited.
If you are not in the market:
You can try to go short on the 3850 pullback or wait until the market bottoms around 3650-3630 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
SPX - one more possible target - 3696.50One more calculated target for the potential low of this move is 3696.50
Im expecting a run up after the FED back to 3975 or so and make another low to 3665-68 or 3696.50, it might make a higher low, but the pathway is the same.
Then summer rally after the July 4th weekend
SXP 500 index: New Pivot Point for Short Positions Today we're here to talk about the SPX 500 index
Today: The index is trading at 3750 and in the last trading session we saw the sharp drop that I mentioned earlier here is the link to the idea. Now the market is undergoing a period of stabilization, but there will still be sales ahead of the market.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 00 - 36 50, but then the time will come for the market to stabilize and rise to the level of 3850 - 3880
What I recommend:
If you want to go short:
It is better to open short positions from the level of 3850, limit your losses.
If you want to buy:
Longs is prohibited.
If you are not in the market:
You can try to open shorts from 38 50 or wait until the market bottoms around 3550-3500 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
SPX close levels of importance - 3749 and 3805!3855
3805
3789.50
3749.50
3694.00
This is getting close to a capitulation move. Closing at the lows will get us lower open, ideally we get up off the ground into the close.
Its time to start scaling in with longs with potential move down to 3665 and even 3555
The move up in summer will be at least back to 4300 to ideal 4425SPX
SXP 500 index: Terribly terrible day. The shock is yet to come. Today we're here to talk about the SPX 500 index
Today: The index is trading at 3900 and in the last trading session we saw a sharp drop from the local maximum. Here's the link I mentioned earlier. Now is the worst time to buy in the market. The market is in for a huge sale.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 50 - 38 00.
What I recommend:
If you want to go short:
Short positions are better to open on the market, but limit your losses.
If you want to buy:
Longs is prohibited. Positions must be liquidated.
If you are not in the market:
You can try to go short or wait until the market bottoms around 3550-3500 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
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