SPX500USD BULLS WILL DOMINATE THE MARKET|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✅
US SPX 500
SPX important to hold 3900 level on any test/if any tomorrowIdeal pathway for tomorrow is either gap down or sell after the open to mark new lows in low 3900SPX (3896-3908), then a strong reversal into Fri open
Im watching two levels for tomorrow on the upside:
- 3965-70SPX
- 4000SPX
Holding 4k will be important, as it will be a text book test of the broken down bull trend to confirm that the price has marked the top and it's on the way to make new lows.
I wont be surprised if the price overshoots to 4025-35 and even 4060+ and reverse hard from those levels.
So expect unexpected
Here is a zoomed in chart for tomorrow
Open above today's highs will be bullish. If it does, watch today's high as support.
Maj support tomorrow on closing level is 3933-34SPX, its a bear bull line at this point, closing below we will see mid 38 hundred next!
Resistance mentioned above and maj resistance is 4119-20SPX, closing above will push price to mid 41 hundred and even 4200+
Im not in that camp, but cant rule out mid 4k test as overshoot/stop run move.
Trading cycle is bearish now, all the way into 19-20th low!
Dont want 4120SPX being taken, it will flip to bullish if it does.
My trading pathway for tomorrow is to buy am lows and ride it at least into the close or at least 3960-70SPX
Look where we hit bounced off todayDidnt see this yesterday, this makes today's rejection off the top a possible indicator of the price going down to test low 3900
Careful if long!
SPX is at support levelNothing much to add since yesterday's updates.
Im looking up for a breakdown trendline test. If its very bearish, then it can just get to 3965-70SPX and stop there.
That would mean much lower levels are coming this month!
Ideal pathway is to test 4k level and reverse down. That would be your shorting opportunity
The whole move off CPI will be erased next!
If it happens before the CPI on the 13th, be ware of a move down to 3400-3500!!!
So be careful if long here! especially if we stop at 3970SPX
SPX Model Trading Plans for WED. 12/07Fed Pivot Hope Turned Into a Bull Trap; Approaching Support
In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this".
Last two sessions turned the recent spike up into a bull trap. However, our models are indicating that the index is likely to find some support around the 3910-3915 range. Longs might want to wait to see if the index holds this level, and shorts need to be nimble in taking their profits if it does.
Positional Trading Models: Our positional trading models went into today's regular session with a short opened on Monday, 12/05, at 4014.57 with a 38-point trailing stop which was tightened to a 33-point trailing stop on Tue, 12/06. This trail from yesterday's low of 3918.39 was hit at 3951.39 within the first ten minutes of today's open, closing out the short with a gain of 73.18 index points. Models indicate staying flat until posted otherwise.
Positional Models assume that we are trading an instrument that trades the futures hours, with the trailing and other stops effective overnight.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for WED. 12/07:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 3948, 3931, or 3912 with a 9-point trailing stop, and going short on a break below 3926 or 3908 with a 10-point trailing stop.
Models indicate long exits on a break below 3958, and short exits on a break above 3893. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 01:01 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.
***** No Idle Analysis-paralysis here! Only actionable trading plans - every morning! And, transparent, verifiable results of each and every trading plan, every night!
LET THE RESULTS SPEAK FOR OUR MODELS! See for yourself how our Morning Trading Plans have been doing for the last one month or one year or since started! *****
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) 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, #earnings, #midterms, #elections, #cpi, #fedpivot, #shortsqueeze, #bulltrap, #nfp, #nonfarmpayrolls, #jobs, #pmi, #ism
SPX is at mid range nowSo far so good from last night update.
Just twitted, that Im not looking to short here, but looking for a long to buy! from lower levels.
Unless the prices goes first to 3990-4k level, then I will short it there
I have set a buy order at 3940ES, that would be 3932-34SPX.
And if take I will add near 3900SPX.
Its a full moon on the 8th, ideally we get a lower high by then
Do not over trade this, wait for the right setup to take!
SPX Model Trading Plans for TUE. 12/06Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 3
In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this".
Yesterday morning's hotter than expected ISM numbers, the post-PMI reaction, and this morning's market action so far are all lending more plausibility to our hypothesis that the recent spike up could be turning into a bull trap. The price action today and tomorrow could give us a confirmation. Bulls need to be cautious, and bears need to be nimble.
Positional Trading Models: Yesterday's published positional models closed 6.51 points in gains and went into the close with an open short at 4014.57 and a 38-point trailing stop. For today's session, models indicate tightening the trailing stop to 33-points. If stopped out, the models will stay flat for the rest of the session.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 12/05:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4052, 4028, or 4003 with a 9-point trailing stop, and going short on a break below 4048, 4024, or 4000 with a 10-point trailing stop.
Models indicate long exits on a break below 4064, and short exits on a break above 3992. 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.
***** No Idle Analysis-paralysis here! Only actionable trading plans - every morning! And, transparent, verifiable results of each and every trading plan, every night!
LET THE RESULTS SPEAK FOR OUR MODELS! See for yourself how our Morning Trading Plans have been doing for the last one month or one year or since started! *****
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) 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.
(iv) Positional Models assume that we are trading an instrument that trades the futures hours, with the trailing and other stops effective overnight.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #fomc, #fed, #newhigh, #stocks, #futures, #inflation, #powell, #interestrates, #rates, #earnings, #midterms, #elections, #cpi, #fedpivot, #shortsqueeze, #bulltrap, #nfp, #nonfarmpayrolls, #jobs, #pmi, #ism
SPX Huge Short incomingLooking for the benchmark index to go up a little more in to the 4hr poi and daily descending trendline resistance before dropping to make new lows.
Mid to end of November should mark the start of a new and more aggressive downwards movement where we could see price reach the 2750 level.
This is a very important level as it represents the 50% from ATHs and the 08/09 financial crisis where we saw unprecedented drops.
Once we reach this level and rebalance the COVID-19 crash, I'd start looking to hedge buys into the market.
SPX Model Trading Plans for MON. 12/05Fed Pivot Hope Turning Into a Bull Trap Nightmare? Day 2
In our trading plans published post-NFP on Fri., 12/02, we wrote: "After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this".
This morning's hotter than expected ISM numbers and the post-PMI reaction lending more plausibility to our hypothesis that the recent spike up could be turning into a bull trap. Bulls need to be cautious, and bears need to be patient.
Positional Trading Models: For today's session, models indicate going long on a break above 4055, with a 35-point trailing stop and a hard stop at 4037, and going short on a break below 4018, with a 38-point trailing stop and a hard stop at 3026. Models also indicate instituting a break-even exit once a trade is in profit by 12 points.
Intraday/Aggressive Models: Our aggressive, intraday models indicate the trading plans below for today.
Trading Plans for MON. 12/05:
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4052, 4028, or 4003 with a 9-point trailing stop, and going short on a break below 4048, 4024, or 4000 with a 10-point trailing stop.
Models indicate long exits on a break below 4064, and short exits on a break above 3992. 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.
***** No Idle Analysis-paralysis here! Only actionable trading plans - every morning! And, transparent, verifiable results of each and every trading plan, every night!
LET THE RESULTS SPEAK FOR OUR MODELS! See for yourself how our Morning Trading Plans have been doing for the last one month or one year or since started! *****
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) 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.
(iv) Positional Models assume that we are trading an instrument that trades the futures hours, with the trailing and other stops effective overnight.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #fomc, #fed, #newhigh, #stocks, #futures, #inflation, #powell, #interestrates, #rates, #earnings, #midterms, #elections, #cpi, #fedpivot, #shortsqueeze, #bulltrap, #nfp, #nonfarmpayrolls, #jobs, #pmi, #ism
Buying SPX at first support.US500 - Intraday - We look to Buy at 3945 (stop at 3920)
A Fibonacci confluence area is located at 4015.
With our medium term bias looking to fade gains and the short term bias indicating buying interest we are faced with mixed signals.
Bespoke support is located at 3945.
Preferred trade is to buy on dips.
Our profit targets will be 4012 and 4046
Resistance: 3983 / 4015 / 4046
Support: 3945 / 3906 / 3890
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.
Buying SPX at support.US500 - Intraday - We look to Buy at 3958 (stop at 3927)
A Fibonacci confluence area is located at 4038.
Continued downward momentum from 4040 resulted in the pair posting net daily losses yesterday.
Selling posted in Asia.
Intraday, and we are between bespoke support and resistance 3958-4048.
Preferred trade is to buy on dips.
Our profit targets will be 4038 and 4048
Resistance: 4038 / 4048 / 4055
Support: 3958 / 3910 / 3886
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.
es 12-4 [alternative swing]good evening - this is an alternative setup i'm starting to entertain.
seeing early signs of a massive trap in the making.
i call this one "the cut-throat".
---
cpi print is on the 13th, wouldn't it be pretty inconvenient for short term bulls if we ripped down beyond the recent lows from the other week via an expanded flat,
only to pop right back up post cpi print \ take out the highs?
lol.
>letsgetit
20 Reason buy S&P🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super BUllish
2 📆Monthly: after a deep correction now, the impulsive move is just started
3 📅Weekly: bear trend/beartrap double bottom/ make lower high
4 🕛Daily: the clear bull trend toward extreme high
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: flag
7: 3 Volume: high volume
8: 4 Momentum UNCONVENTIONAL Rsi: super bullish
9: 5 Volatility measure Bollinger bands: v
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: bull
✔️ Entry Time Frame: H4
12: Entry TF Structure: bull
13: entry move: impulsive
14: Support resistance base: cip
15: FIB:
☑️ final comments: buy
16: 💡decision: buy
17: 🚀Entry: 4107
18: ✋Stop losel:4019
19: 🎯Take profit:4198
es 11-30 update 🗝good evening my peoples,
---
it was exactly 22 days ago when i gave you that 4130 level.
lot of bears ignored my post, and got squeezed out today for a significant loss.
i pour this aapl juice out for you, my dearest bear frens.
---
as of today, i'm starting to entertain the possibility of es seeing yet again, Another expansion.
sounds kinda wild i know, but that's what happens when everyone tries to short the market.
the guys who run this game just keep running it up ---> whilst taking all the hard earned bear money.
>once the last bear falls,
>they know it because they see it,
>and when they see it ,
>they drop the market.
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4130 Could be the top, don't discount it. it is a significant algorithmic resistance which was programmed to get hit over a month ago.
here's the key though, if you've read this far:
watch how the market pulls back from 4130.
🗝does it come down in 3 waves? if so, expect higher prices.
🗝does it come down in 5 waves? if so, you caught the top.
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og target = $4130
expansion target = $4225.25
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Financial Wave. spx500Spx500.
The rising wave in SPX brought the index to 4100p. This level may become the last obstacle on the way to new historical highs. The bulls are slowly but surely buying back the market, ignoring the rise in interest rates. We will continue to look SPX and update you on any changes.
S&P 500 index: When you reach the top...A very robust US labour market data released on Friday shocked equity markets, which had surged in the aftermath of Powell's speech confirming a slower pace of rises in December.
Non-farm payrolls ( NFPs ) came in at 263k, which was significantly higher than the 200k that had been anticipated, and average hourly wages rose 5.1% y/y, well above the 4.6% expected. The job report came as a surprise following an event hosted by the Brookings Institution on Wednesday, at which Powell emphasized the need to slow the pace of rate hikes as early as the December FOMC meeting, therefore solidifying a 50 basis point hike rather than a 75 basis point boost.
The market was overly optimistic about a "Santa rally," spurred by Powell's latest dovish attitude, but may now face a rough two-week road leading up to the next US CPI data and FOMC meeting.
Prior to Friday, 92% of S&P 500 equities were trading above their 50-day moving average, a level that has historically triggered a bearish reversal. Currently, the level has just fallen to 90%, which remains in the top high of the historical range.
During the Friday session, the S&P 500 index encountered fresh bearish pressure at 4,100 levels on Friday, after strongly breaching its 200-day moving average for the first time since April and firmly trading above the 4,000 psychological mark.
The price action had reversed solidly when it met the dynamic resistance, represented by the 2022 trendline. The S&P is currently seeking support near 4,000 points, which coincides with the 38.2% Fibonacci retracement line of the low to high of 2022.
If this level is broken to the downside, there is the potential for a move to 3,800 (23.6% Fibonacci) prior to important data (US CPI) and the FOMC meeting.
Given the expected repricing of Fed rates for 2023 after the NFP reading, and the Fed blackout period, bull efforts to break over 4,100 have fewer probabilities.
SPX Model Trading Plans for FRI. 12/02: NFP FridayFed Pivot Hope Turning Into a Bull Trap Nightmare?
After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this.
Trading Plans for FRI. 12/02:
Positional Trading Models: Our positional models went long on 11/29/22 at 3950.89, with a 40-point trailing stop. The long rode the post-FOMC spike up and stayed long for another session, finally hitting the trailing stop yesterday with an exit at 4060.51 - for a gain of 109.62 index points!
For today's session, models indicate going long on a break above 4040, with a 35-point trailing stop, and going short on a break below 4008, with a 36-point trailing stop. Models also indicate instituting a break-even exit once a trade is in profit by 12 points.
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4040, 4022, or 4007 with a 9-point trailing stop, and going short on a break below 4018 or 4000 with a 10-point trailing stop.
Models indicate long exits on a break below 4054, and short exits on a break above 3991. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31 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 our results to see for yourself how our published model trading plans 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.
ES short ? Tomorrow is a key and pivotal moment for ES and the rest of the market…a good reaction to NFP tomorrow morning and we change trend moving forward, but a bad reaction and this likely starts the next leg lower. You can take a speculative short w small size here and target 4000 with a stop loss above 4110. Preferably i prefer to wait until the reaction and react accordingly. If we break the trend we likely head to 4300 area before years end. If we break 4000 then 3950 is on the table minimum, and we can possibly test lows in the next few months. I am inclined to lean bullish based on Dow already breaking its TL and making a higher high, plus high yield bonds breaking its trend as well as yields and DXY as well…which has marked major lows in the past
hiking can be exhausting It is my opinion that some form of a top is here. i have closed my calls.....
even if we don't sell off and just go sideways; i don't think we will see higher all of dec. which means no santa rally this year.
the bullish run should continue very early jan (jan 4 maybe) 2023.
as an overview. i do think the bear market is over. i do think the bull market will continue well into next year, but nothing goes straight up and 20% move is a decent move.
happy holidays to all.
Is the SPX500 about to break this massive resistance?!!This resistance line is in place since all the way back in January '22. The moment we break this I am expecting a massive relief rally for the SPX500. And if the DXY falls more this will give it even more fuel to make a good upwards move. If the SPX500 breaks we could see the Bitcoin price go up as well.
The break would ne around 4115 ish (Dec 5)
Trade safe!
SPX what a day! Close above 4075SPXNow the next target is the ideal extension target 4119+- few points
Ideally we get that number tested by the 5th and see 3750 filled EOM
It was a panic cycle day and I did mention about it many times in my posts.
One was done during my last night update together with the explanation.
We got that a move in one direction above previous high or low, it was up the upside.
Also mentioned that it was holding well during the day and huge calls activity.
I did trade lotto SPY 408 Dec 1st calls, bought 20 at 6.5c on average, exited at 57 and most of it at 1.08-1.35, amazing lotto
Also did few NQ calls, was restriking all afternoon taking profits on those in green, still have 2 running for tomorrow's am exit if not tonight
Careful with being long here as the upside is limited and usually the FED day gets reversed by Fri, will it be the same this time, I dont know.
There is a good short setup around 4120SPX level, no need to chase the market at this point if missed the long play today
es 11-8good evening,
quick update for you.
--
i'm starting to view this correction from a very different perspective as of today.
shared a video on yt going over the entire count in depth if you're interested.
--
i'm eyeing an expansion to 4130 before we dip back down into the market depths
possible we see a low time frame dip to about 3650 before we head on up there.
--
ps. i could be wrong about this count, so i don't recommend trading off it.
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SPX Model Trading Plans for WED. 11/30: Post-Powell SpeechDue to the event risk of Powell's speech at 1:30pm EST, our Aggressive Intraday models do not indicate any trading plans for today.
Our Positional Trading Models ended yesterday with an open long that was carried into the Powell's speech. Models indicate carrying the long into the overnight session, with the 36-point trailing stop intact. Also, models indicate an exit on a break below 3996.
For the details of the trading plans published yesterday, see below:
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SPX Model Trading Plans for TUE. 11/29 by TradersAITradingPlans on TradingView.com
