NASDAQ and SP500 big drop expectedI thinkw we may see a bug drop soon but this doesn't mean that I will short it
US SPX 500
SPX Looking Bullish?!OANDA:SPX500USD
SPX trying to print higher low.
Successful retest of 3880 level can be confirmed via lower time frame for possible run to marked target.
On fail, short to pull back zone and look for re-entry ideas.
Bitcoin has been following SPX and these are ideas to build plans for laser entries and moves.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
SPX500 > Bullish Outlook is Very Likely if the Support HoldsThe SPX500 is trading in corrective mode ahead of tomorrow's Federal Reserve interest rate hike meeting, which is expected to impact the asset class' price. Currently trading at 4000, considered a crucial support level and psychological round number, the price may resume its bullish trend after a correction.
The stability of support levels at 4000 and 3990 depends on the Fed's rate decision. If rates are hiked more than 50 points, the market may turn bearish, and if support levels break, the price may retest the consolidation breakout's top. Key levels to watch include 4000 and 3990.
I would appreciate your support and opinion of this idea. Let's watch the level mentioned with an eagle eye.
SPX Model Trading Plans for WED. 02/01The FOMC Decision Day!
No surprises in the rate decision just crossing the wires. Of course, the devil would be in the details, to be garnered from the press conference starting at 2:30pm. Nevertheless, our models are already indicating potential trading levels as below.
Positional Trading Models: Our positional models are flat for now. Models indicate going short on a cross below 4039, with a take-profit on a cross above 4002, and with a trailing stop of 33 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 02/01:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4096, 4073, 4044, or 4017 with a 9-point trailing stop, and going short on a break below 4068, 4039, or 4014 with a 9-point trailing stop.
Models indicate explicit long exit on a break below 4093, and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:16pm ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX500 to 4400Broke the trend line, signaling that bearish trend is over. SPX will retest rising trendline this month, I guess.
SPX500 fadeOptimism as a "Soft Landing" achievable?
Now the first month of 2023 is almost over, and we had a great start in the financial markets, actually, a fantastic start, as Goldman Sachs stated a couple of days ago.
This month's straightforward story of the macro environment has been reassuring for bulls across the markets. Both in the legacy markets and the crypto markets. It looks like the stars are aligned! Inflation is falling, and employment numbers look okay. Policymakers seem to have things under control.
We have seen some people declaring that the "soft landing" is real, inflation was transitory after all, the pain was just for one year, and the fear of a recession or depression was overblown. It seems like we got injected with 5ml of hopium.
Reality check, taking a closer look at "recover"
Although some may be hasty in drawing judgments, dunking on "bears" for missing the bottom, the facts are still available.
Even with indications of improvement, it seems like we collectively have the memory of a goldfish. It seems like we forgot we are still in the aftermath of the epidemic, and complicated geopolitics and the full extent of its effect have yet to be seen.
We must maintain some skepticism and reasonable expectations, especially concerning the core PCE (Personal Consumption Expenditures), which may have trouble meeting the 2% target.
Even while things may appear good on the surface, we need to take a step back and try to confront reality.
Since the start of this year, the old diversified 60/40 portfolio strategy (60% equities, 40% bonds) has been working again. According to market data, it has been the most profitable strategy this year again since 1987.
However, continue with caution. Maybe a "set and forget" overleveraged long and "long your longs" might be a bad idea as you might corner yourself into a risky position. As GS suggests, try to keep taking profits by selling your bags into strength if the S&P500 reaches around $4000 - $4300
A sane person doesn’t want to pay an 18 P/E multiple for 0% expected earnings growth.
SPX500 hrly short | Algorthim TradingSPX500 hrly long
buystop @ 4051
TP #1 @ 4063.09 79.35% wr
TP #2 @ 4081.57 58.70% wr
SL @ swing low 3995.72 16.85% hr
WR and HR % Determined by past trades on this pair in this time frame.
More systematic trades like this are on my profile.
SPX Model Trading Plans for TUE. 01/31The FOMC Decision Week - Day 2
With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed's decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the markets. But, until that happens, the momentum seems to be consolidating.
Positional Trading Models: Our positional models went short at the close yesterday, at 4017.77 with a trailing stop of 35 points. For today, the models indicate placing a hard stop at 4053, and tightening the trailing stop to 20 points at the close.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for TUE. 01/31:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4044, 4030, or 4017 with a 9-point trailing stop, and going short on a break below 4039, 4025, or 4014 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX500USD BULLS ARE STRONG HERE|LONG
Hello, Friends!
A recent breakout signals
That the bulls are still strong
And I am growing in confidence
That a bullish surge is coming!
BUY!
✅LIKE AND COMMENT MY IDEAS✅
S&P500 Technical Analysis-2023Hello everyone, hope you all are doing good.
Bullish Probability:(at least one or two weekly candle closes above 4100 than there is a possibility of this playing out).
There is an active Bullish Divergence playing out in RSI, so there are chances S&P500 may put new high above 5k.
If S&P500 put new High, then it can be a Triple Bearish Divergences, so after that it can be a massive dump of markets.
In this case the 1st Bottom will be 3500, so the 2nd Bottom can be massive drop from 5k to 2000, previously S&P500 dropped its 2nd Bottom from 1580 to 670(-57%).
Bearish Probability:(at least one or two Weekly candle closes below 3700 than there is a possibility of this playing out)
Currently the Fractal of SnP500 looks like similar to the previous oct-2001 to july-2002 Fractal.
S&P500 -> falling in a Descending parallel channel -> Breakout/Fake Out little and finally put lower low or 1st Bottom.
If this plays out than RSI may fall below 30 - invalidating the current Bullish Divergences. (Sometimes Divergences get invalidated due to forceful movement of Markets).
Target = around 3200 OR there is a possibility to fall on the sky Blue trendline.
Thank you, please like and share, if you have any questions please comment.
Can S&P500 break 4100.00 during huge FOMC & Earnings week?The S&P 500 is headed for its best January since 2019, when it gained nearly 8%. So far, the market index is up ~5.0% this year, following a 19% loss last year. But this rally might have paused for the time being, as the Federal Open Market Committee begins its 2-day meeting. After which, the Federal Reserve is expected to hike its interest rate by 25 basis points. Investors will be watching carefully for any change in market sentiment regarding this forecast in the lead up to the decision. While the economy is starting to slow, US unemployment is still at 3.5% (a 50 year low) and wage growth is still strong. This means that the 25-basis-point hike is not a foregone conclusion, with 50 basis points the next likely option. Adding to the complication of forecasting the S&P 500, is the fact that more than 20% of the companies in the index are reporting quarterly earnings this week. McDonald’s, Apple, Meta Platforms, Amazon.com, and Alphabet are all set to update the market.
The question to ask ourselves is whether the S&P500 has finally entered a reversal period, or is the long-term downtrend still in place? We can also see that the previous week's candle closed above the downward trend line and the 200EMA. Although, we can look at the fake outs that took place in August and December last year, when the candles closed above the 200 EMA, but this did not result in a bullish continuation.
We can use the Aroon indicator in an attempt to gain some clues to confirm if the trend to the upside is strong. Presently, the Aroon indicator registers a strong bullish signal, as the blue line is above 70% while the red line stays below 30%. Yet, a strong key resistance, marked at around the 4100.00 area, appears to be a significant problem for the S&P 500.
SPX Model Trading Plans for MON. 01/30The FOMC Decision Week - Day 1
With the FOMC Interest rate decision due this Wednesday, the markets may re-remember the interest rates factor. Whether the Fed's decision and the tone surprises the markets in either direction is going to determine if there would be a reversal or continuation of the recent melt-up in the markets. But, until that happens, the momentum seems to be consolidating.
Positional Trading Models: Our positional models currently are in a neutral bias. Models indicate going short on the close if the daily close is below 4040, with a 35 point trailing stop and a 9-point trailing stop to trigger once the short touches 4020.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 01/30:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4051, 4044, or 4017 with a 9-point trailing stop, and going short on a break below 4048, 4039, or 4014 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:01 pm ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SP500 Weekly Forecast 30 Jan - 3 Feb 2023 SP500 Weekly Forecast 30 Jan - 3 Feb 2023
Based on the data from VIX we can see that currently the IV for this week is at 19.76%, down from 20.21% last week.
This can be translated in +/- 2.74% weekly movement from the open of the candle, which makes the next top/bot channel
TOP: 4188
BOT: 3965
The probability to break this channel(aka the close of the weekly is going to end up either above/below this channel) is at
82% with the last 20 years of data
71% with data since 2022
However, if we were to make a more accurate statement, based on the current percentile of the VIX( from 0 to 10) , we can apply a condition in the filter
to look for scenarios when the volatility were lower than 50 percentile( bottom half). If we were to take this data we can see, that our numbers would be:
84% according to the last 20 years of data
79% according to the data since 2022
Overall we can see an increase in the probability chance, and at the same time more accurate with the current events.
So we can use this data instead for proper calculation of our trading plan
From the technical rating analysis point of view we can deduct the next information:
Currently there is a :
80% to touch the previous weekly high
26% to touch the previous weekly low
At the same time if we are going to take a look at the moving average rating for different timeframes we can see :
4H Timeframe: -13% Bearish Trend
D Timeframe: +80% Bullish Trend
W Timeframe: +66% Bullish Trend
Lastly on average, based on the current percentile, we can expect that our asset is going to move:
2.85% from the open to the close candle for the bullish scenario
2.47% from the open to the close candle for the bearish scenario
Short!This seems to be a very respected area of interest. 6 rejections! will it reject the 7 time? We will see next week. I love to hear all the people screaming "Buy Buy Buy" "Go long" "Bull run" while the fed is increasing rates, The globe is experiencing high inflation, Companies laying off, Yield curve inverted, Recession probability model is at 96%.Things do not look good.
Happy Trading and Good Luck!
Not Trading Advice.
Regards,
Darren
SPX extension box got hit!Only a week and we are here!
Its Friday, don't give your money back today!
If green take it and enjoy your day!
Have a good weekend
SPX Model Trading Plans for FRI. 01/27Good News, Bad News? - Day 2
As the earnings season is picking up the speed, markets seem to be buoyant on the sentiment that the worst is over. It may not take much for the market sentiment to turn the other way. But, until that happens, the momentum is to the upside.
Positional Trading Models: Our positional models currently are in a neutral bias. Models indicate going short on the close if the daily close is below 4040, with a 35 point trailing stop.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for FRI. 01/27:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4053, 4040, or 4024 with a 9-point trailing stop, and going short on a break below 4037 or 4021 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
bearish head and shoulders set up w/ elliott wave countThe Ad and money flow have peaked w/ price action. I'm anticipating a bearish head and shoulders to form here, and have price action drop to my 1st buy level to test the neckline of the head and shoulders. just like last week we bounce from 3885, im expecting similar bounce from 3950, 3920 if its a scam wick
SPX is getting close to it's target boxThis was the title of the last update, which got deleted by the tradingview:
"SPX can still make a higher high next week - Jan 19th update"
I cannot attach the image but will post it another place, look for info under my bio
Since I get banned not even mentioning a site, I will post here only 1-3 times a week.
I don't want to waste my time on bringing business to this site.
SPX is near its completion move for the C wave up I have had for over than a week now.
Targets are at 4065, 4090 and 4110
We close near the first one; tomorrow is the PCE numbers report, which should move the markets.
But today, we didn't move on GDP numbers, when before, it was selling off on hot numbers.
So the real move might not come till actually the Fed meeting on the 1st.
We had a wall into the close, which is a bearish signal and usually ends up with a gap down the next day.
As long as we won't exceed Dec high, I'm looking for a move down to 3700 handle if not more.
Watch that yellow trendline, it's been a bear-bull line since 2009, and the price is still below it!
Night
SPX Model Trading Plans for THU. 01/26Good News Bad News?
At the open, markets seem to be buoyant on the GDP and on Tesla earnings. It may not take much for the markets to interpret the good news on the GDP front as bad news on the interest rates.
Our trading plans published yesterday, Tue. 01/24, stated: "With yesterday's daily close above 3985, our models have flipped to a bullish bias and will remain bullish while the index is above 4000. Nevertheless, models indicate a rather choppy market while the index is below 4015". Yesterday, the index closed just about 1 point above the 4015 level, and our models are closely monitoring that level.
Positional Trading Models: Our positional models currently are in a neutral bias. Models indicate going short on the close if the daily close is below 4000, with a 35 point trailing stop.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for THU. 01/26:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4044, 4024, 4012, or 4002 with a 9-point trailing stop, and going short on a break below 4040, 4021, 4009, or 3997 with a 9-point trailing stop.
Models indicate no explicit long exits and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
S&P500 - Pt.6 Still looking for more downsideGood morning traders!
We previously explained how in both our two main scenarios we believe S&P500 will complete the bearish wolfe wave in 3600-3650 area.
We are leaning towards the scenario for which we should be in wave 3 of (C) and thus we should be directed towards a lower low.
Our short positions are still in place, average entry @3990.2 and stop loss @4016 for 0.3% risk.
We are also short through a put option that costed us 0.1% of equity.
We will update below!
SPX Model Trading Plans for WED. 01/25Roller Coaster Ride - Day 2
Our trading plans published yesterday, Tue. 01/24, stated: "With yesterday's daily close above 3985, our models have flipped to a bullish bias and will remain bullish while the index is above 4000. Nevertheless, models indicate a rather choppy market while the index is below 4015".
As hypothesized, the market rolled over overnight and is now on the downward move. Our positional models have negated the bullish bias overnight and are currently in a neutral bias.
Positional Trading Models: Our positional trading models indicate going short on the close if the daily close is below 3975 and above 3960, with a 35 point trailing stop.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 01/25:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4002, 3988, 3973, 3958, or 3937 with a 9-point trailing stop, and going short on a break below 3984, 3968, 3955, or 3931 with a 9-point trailing stop.
Models indicate long exits on a cross below 3995, and no explicit short exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:46 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #earnings #earningsseason #chinareopen
SPX more downside soonSPX remains bearish.
The downsloping resistance line (yellow line) is still acting as a long-term resistance
The price is breaking down from the Rising Broaderning Wedge which is a bearish pattern.
We expect the price to get rejected from the previous support which now should be acting as a resistance.
More downside coming.
Targets shown in the chart.
Good luck
