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US SPX 500

SPX Model Trading Plans for THU. 12/22Next Support Level - Confirmed - Day 2 In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits on a break out of this range. If you are itching to go long, you might want to wait until the range is broken out of to the upside". In the trading plans published yesterday, Wed., 12/20, we stated: "That support level is confirmed as held by our models, and if you followed the plans you should be long going into the open today. If not, you might want to wait to go long as our models indicate range-bound trading while the index is below 3866". This morning session's first hour's action has been within the range of 3810-3853, still holding the lower and upper bounds from our earlier trading plans. Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis. Seasonality effects such as Santa Clause rally (anticipation/positioning and unraveling of the same), Year-end-tax-loss selling, January effect etc.) could lead to sudden spikes in both directions. Unless you "must" trade, it might be a good idea to take it easy and sit on the sidelines until the new year, especially while the index is within the above range. Positional Trading Models: Our positional trading models closed out the short from Thursday, 12/15 (opened at 3893.51) with a profit of 78.01 index points and are currently flat. Models indicate staying flat until otherwise indicated. 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. 12/22: Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3810, 3818, 3833, or 3862 with a 9-point trailing stop, and going short on a break below 3805, 3820, 3835, or 3857 with a 10-point trailing stop.  Models indicate long exits on a break below 3815, and short exits on a break above 3815 or 3840. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01 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 #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze
SP:SPX
by TradersAIDotCom
SPX - Limited Upside LikelyThere's a ton of bears out there. There's no doubt about that. I am focusing on the structure here... Now that the narrative is there, I am going to outline what I currently see here. In the next couple days, it looks like SPX is going to find some key resistance at the 3900-3920 area based on a measurement of what I predict is wave 3. This means we've got another low to put in before the year is over. Note - 3795 is likely not the low of this move down that we've seen since December 13th. Corrections are complicated and are designed to confuse you and steal money from overleveraged traders without any plans. This is no different. Plenty of bears got their faces ripped off today so you need to be able to adapt to change as it comes. Watch the 5 wave advance from the lows that we have here. Wait for a pullback, and then a completion of the cycle at 3915-3920 area. That's our 50% internal retracement. We have an area at the 38.2% currently which is the highest probability area for a wave 4 rejection (rejection in this case specifically). One day at a time we will continue to dominate the market.
SP:SPXShort
by bitdoctor
3
SPX Model Trading Plans for WED. 12/21 Next Support Level - Confirmed In our trading plans published on Monday, 12/19, we stated: "...the index is now testing the next key support level around the 3825-3835 range. Our models are indicating a range-bound trading while the index is trading within the broader 3810-3830 range on a daily close basis. If you are short, you might want to take profits on a break out of this range. If you are itching to go long, you might want to wait until the range is broken out of to the upside". That support level is confirmed as held by our models, and if you followed the plans you should be long going into the open today. If not, you might want to wait to go long as our models indicate range-bound trading while the index is below 3866. If you are short, you might want to take profits and go flat. Positional Trading Models: Our positional trading models closed out the short from Thursday, 12/15 (opened at 3893.51) yesterday with a profit of 78.01 index points and are currently flat. Models indicate staying flat until otherwise indicated. 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. 12/21: Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3838, 3848, or 3866 with a 9-point trailing stop, and going short on a break below 3860, 3843, or 3830 with a 10-point trailing stop.  Models indicate long exits on a break below 3863 or 3834, and short exits on a break above 3820. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:40 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!)   IMPORTANT RISK DISCLOSURES AND NOTICES - READ CAREFULLY: (i) This article contains personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned. (ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article. (iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions. (iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance. (v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided. (vi) All opinions expressed herein are subject to change at any time, without any notice to anyone. #spx #spx500 #spy #sp500 #esmini #indextrading #daytrading #models #tradingplans #outlook #economy #bear #yields #fomc #fed #newhigh #stocks #futures #inflation #powell #interestrates #rates #nfp #earnings #earningsseason #midterms #elections #cpi #fedpivot #shortsqueeze
SP:SPX
by TradersAIDotCom
1
Selling SPX at previous support.US500 - Intraday - We look to Sell at 3909 (stop at 3963) A Fibonacci confluence area is located at 3776. An overnight positive theme in Equities has led to a higher open this morning. Intraday, and we are between bespoke support and resistance 3893-3503. There is no clear indication that the downward move is coming to an end. Our profit targets will be 3746 and 3503 Resistance: 3893 / 3909 / 4055 Support: 3746 / 3503 / 3491 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
UShort
by Saxo
gg?12 year count here, wave 5 algo target has been reached. was hoping for an expansion, but there's a chance we aren't going to get it. if the top has indeed been put in, the downside target on spy sits at $142 this will take many years to play out, and it isn't going to go straight down either. -------- ps. i'm not saying that the top is in, but i'm saying it is possible. 👇 -------- maybe these are the real trials we must undergo before we truly can get to the treasure.
AMEX:SPY
by Eloquent
9
SPX quick weekend updateIm on the road all day today, my connection flight is being delayed over 4hrs now. Had no time do a research, so can be wrong or can be right:) First of all Fri low came exactly on CPI gap open! I did tweet about it on Fri that I expected that number to be at least good for a bounce. It just stopped there. Closing above afternoon highs is usually a bullish sign going into Monday. But making new lows on Fri means that more weakens to come next week, which I do expect to happen with a low to come on the 22nd. 21st is a winter solstice, can mark a low or a high, I expect a low in 3750SPX zone. My best thinking is that we either make a low to 3808-12SPX tomorrow or just go up from the open to 3950-60SPX high but Tuesday am. There is also a resistance at 3900-11SPX and 3933SPX. If we do see 3808SPX tested in am, I will be only long for a Tuesday high, then short for the 22nd low. Timing is everything in out business, so that would be my plan for tomorrow's trading. Hope I get home at least not as late. BTW there will be a big announcement tomorrow, stay tuned! Have a profitable week!
SP:SPX
by RealTima
2
S&P500 LOOKS GOOD HERE ON MONTHLYTwo strong technical factors are giving the S&P500 support to continue up over the long term. Bouncing off the MA200 and a direct hit of the 50% fib retrace means the downside will have a low probability going forward. Of course, macro factors could play a role in changing its course but as it stands I am fairly confident this is a one-way ticket. As mentioned above, we could see a small downside to 3700 -+ before the continuation to the upside. Of course, you should remember this could take some time as we are looking at a monthly chart, but basically, I'm saying limited downside from here and a greater percentage of upside. This would also work with economic timing and the so-called recession people are saying we are heading for, this may be so or maybe not so, but most likely more of a mild recession from an American point of view. (Other countries may not be so lucky.) So all this FUD may end just as the S&P500 wants to go up, and then you are looking at fireworks, and the timing of that is what we must look out for.
FX:SPX500Long
by danielgwatkin
SPX - Fork in the roadCurrently the S&P 500 can be seen in 3 views. I have a primary view and two alternates: First, the yellow path - my primary. After the FED comes out today, I think it'll cause a pullback in the market, but it won't be what everybody is expecting. I expect the pullback to complete a small correction from the top and pull back to around 3880-3900. Bears will get frothy and will be late to the short game. From there, a spike on "Black Friday" can take markets up to my target of 4150. Second, the green path. Difference here is an ABC correction vs a WXY correction. Minor difference, but this one sees us in a wave 3 going up to wave 5 at the same 4150 target in the first point. What I like about this count is the ABC in wave X for the first point doesn't look great as wave C into X doesn't look geometrically pleasing to me. What I don't like about this being a 1-2 is the move into wave 1 doesn't look super impulsive and looks corrective. That's why I put this as my second favorite count. Still with the same target at 4150 and probably on Friday. Last but not least is my 3rd count which isn't on the chart. It basically has the top being in ~4040 and we're in a bearish 1-2 pattern to the downside. I think this is the least probable at the moment. The move down from the top into the 38.2% retracement looks very corrective and doesn't look impulsive at all. If this is true, however, the target to the downside will come lower than we expect. Ok, now what? Now that we're at this critical juncture, a fork in the road, we have multiple scenarios that can play out here. Most of them have targets higher short term. Ultimately I think we're going to stay down here and possibly make a new yearly low before mid-December. Best case scenario, we're building a leading diagonal to create a start of a new major uptrend. Worst case scenario, we go down to 3300-3500 by EOY. Our options analysis looking into the next few weeks shows the following: Call/Put $ value and not Open Interest 11/25/2022: 92.2/7.8 12/2/2022: 85.7/14.3 12/9/2022: 75.9/24.1 12/16/2022: 98.7/1.3 (OpEx) 12/16/2022: 96/4 (normal Weekly) 12/23/2022: 68/32
CME_MINI:ES1!Short
by bitdoctor
2
SPX500 - Bearish bounce inside descending wedge, more downside?SPX500, not a ton of volume, but has clearly made a higher low and bounced off the top of this long term trend line. Looking for a new low somewhere around end of January then decision time from there. Of course any of this cold be invalidated with a massive move either direction. I would be careful listening to the news, as they seem to only be able to come up with reasons that something happened after the fact. Charts tell the true story.
OANDA:SPX500USDShort
by mfrancisdli
2
Selling SPX at previous support.US500 - Intraday - We look to Sell at 3918 (stop at 3988) Trades at the lowest level in 25 days. The 161.8% Fibonacci extension is located at 3861 from 4140 to 3968. The medium term bias remains bearish. Bespoke support is located at 3504. Our profit targets will be 3745 and 3505 Resistance: 3918 / 3958 / 4140 Support: 3861 / 3746 / 3503 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
UShort
by Saxo
spx 12-15 [evening update\ alternative]good evening, what a week right? got an alternative setup right here --- take a look at this pitchfork pull from ath 👇 it does seem like we're attempting to back-test it from above, after a successful break-out. some bullish divergence is present. --- take a look at the us dollar, which is playing out a 4th wave right now, of the 5 wave sequence to the downside 👇 --- could it be possible that we're still in a wave 4 of the 5 wave sequence? yep, it is possible - just less probable than the top being in locally. it would be quite outrageous if we did end up expanding up to 4300 into the end of this year, so expect the unexpected. --- downside target on this smaller e.f at 3860~3840. ✌
CME_MINI:ES1!
by Eloquent
7
SPX so far so good from yesterday's updateI was sleeping in today after my BD celebration yesterday and what a present I got:) The only issue is I didnt short 2am last night as was looking to do it and tweeted about it! Good I got some of those lotto puts (tweeted yesterday as well) We got a gap down I was looking for, hope people are not trapped long since yesterday as I warned so many times as well as tweeted! Now the question if SPX gets below 3832-31, then it should close at the lows and the next support will be at 3808 (target I was looking for for last several days) Usually these types of moves are ending up with closing at the lows, so if we get a bounce, I will short it to exit either tomorrow am or AHs
SP:SPX
by RealTima
9