SPX 4H Analysis📈Trade Idea📉
🟡 #S&P500 Index 4H
✍️We can have two trading scenarios for this index. Considering that S&P is in the Equilibrium range, it can move as a continuation movement (CP) to the supply ranges in the chart (Premium), of course, with the condition of penetrating and closing a four-hour high candlestick (PDH-PWH). In this case, consider two scenarios for trading.
In the first scenario, you can use the supply ranges specified in the chart to activate sell orders.
The second scenario is for traders who are looking for a long stop in this index, they can use the block order limits specified in the chart. For trading in these areas, you can place your trade as a limit by observing the stop loss.
🟢Minor Order Block >🟢3640$ -3684$
🟢Major Order Block >🟢3740$ -3780$
🔴Minor Order block >🔴4080$ - 4120$
🔴Major Order Block> 🔴4165$-41250$
📊Poc (Point of Control) : 3960$
⚠️ Margin 1% For each position.
⚠️Use Tight StopLoss.
✍️Desert Eagle
📊Analysis Method SMART Money
Concept + ICT+ Volume Profile
(DYOR)
📆11.27.2022
⚠️This Analysis will be Updated⚠️
💸Good Luck Traders.
US SPX 500
S&P 500 Chart Analysis....
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reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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ES1! SPX500USD 2022 NOV 28
ES1! SPX500USD 2022 NOV 28
Little market participation due to Thanksgiving week.
Possible Scenarios are considered:
1) If volume is thin, stay out
2) Temporary short if 4050 is rejected
3) Long if support comes in at 3928 / 4050
Weekly: ND up bar close off high = minor weakness
Daily: UT + ND = weakness
H4: Very high vol + narrow spread = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4050 3928 3751
3580 3502 3350
Remember to like and follow if you find this useful.
Have a profitable trading week.
Spx500 Bear Case #2 [Primary]This is the second bear case,
and it just so happens to be my primary scenario on the US Stock market .
Just wanted to get the simple counts out of the way, before sharing this one.
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Using the expanding diagonal fractal for the first wave from ath,
it's possible the spx500 is only in "wave a" on this local move up (of a larger a-b-c)
this is currently the scenario i'm personally leaning towards.
let me explain why:
-lines up with my dxy projection.
-insider buys, are about to flip insider sells.
-retail short interest is at record high levels.
-retail is usually wrong.
-so how do we get retail out, while still dropping the market?
1 word. chop.
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If the market chops for another 3-6+ months, every last bear standing will get absolutely rekt.
And only after-which, once the short interest disappears, and the last put expires worthless-
will the markets see the final cataclysmic collapse.
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Stay safe, and don't go into a trade without a plan.
🔺
Ps. i recently called the expanding diagonal fractal out, and it ended up front running my target, which was kinda unexpected.
I understand why it did as of now, and it was an important lesson for the future.
check out that post via:
🔺
S&P 500 Index UpdateAt the request of one of our great followers, I am sharing an update on the SPX.
I hope you enjoy/like it @TheKitchenTrader
Ok, let's get started.
This is an easy chart to read but we cannot predict yet, I will still give you my view and some projections.
The first thing to keep in mind is our long-term view/perspective.
The market is not done with its mayor bearish cycle.
You can see it in full here: 25 Trade Ideas Predicting The SPX Crash | Where Is The Bottom?
We can see a major downtrend.
Ever since January 2022 wee see the SPX going lower.
Any recovery can be explained as simple corrections.
We see lower lows and lower highs.
At the same time we see two major rejections on the MA200 indicator in April and August 2022.
As we continue with the current corrective move, the SPX is about to face both, the major down-trendline as well as MA200.
With the feds still set to raise interest rates, we can expect another rejection which would signal lower prices.
CHANGE
If the SPX can move and close above 4220 the bulls can gain control of the chart.
The upward correction can be extended above MA200/down-trendline and then the drop resumed.
The only thing that can save us now is some good news (positive fundetamental development)... Which we have none.
We are still short mid- to long-term.
Short-term we have a clear bullish bias... With its caveat explained above.
Thank you for reading.
Namaste.
SPX Monthly SPX Monthly Chart with momentum RSI MONTHLY - showing double bottom:
Formed in June of '62 & Aug '66. retested twice in May '70 and Oct '74. Rebounded and never looked back.
Formed Nov '87 & Oct '90. Price did not retest low.
Current March '20 & Sept 2022. Will price comes to retest the lows or never look back again?
Is the BOTTOM IN ? Is it over for the bear? Or still in a stage of Bear market Rallies?
SP:SPX
SPX gapped up in am and retested the trendline from the topSPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night.
I did warn that this can test 4007SPX, its getting close to it.
Did few long trades in am, not touching this till tomorrow.
FED should be a perfect catalysis for the top.
If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high.
From where I do expect a strong move down into Dec 1st low.
Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX.
Should see an easy 150 points into Dec 6th if not more.
The setup is coming and its tomorrow.
I will be on most of the day and will tweet my trades life.
SPX has a perfect gap fill confluence on Dec 1stI really like what I see here:
- Longer term broken to the upside downtrend line test from the top 3744-50SPX
- As well as the gap to close from CPI numbers 3748.85SPX
All comes to Dec 1st.
Number to watch for tomorrow is 4010.50SPX on closing level.
- If the price gets to 4007SPX I will short with a 10+ points stop
Maj support is at 3744SPX on closing level
As noted before, I expect a strong selling into the EOM, ideally we mark a high on the 25-28th and sell hard from the 28th high.
The month of Nov will have a lower close then Oct month.
Ideal downside timing date is Dec 1st for the low and a high (wave 2) on Dec 6th.
From there the price will produce some strong selling into 3389 and ideally 3212SPX by the Dec OPEX or few days later.
A small recovery into EOY and high in Jan with crash from there.
Next year will produce a great long term long opportunity imo.
Have a great night
SPX perfect hit into resistanceIm short here from 3967ES.
3932SPX or 3940ES is the must hold/break for higher or lower to go
The next support cluster is at 3910-17SPX
Below we will see mid 38 handle.
The move from the CPI number will be retraced at some point of time all the way to 3750.
Im looking for a good size long if it gets thereby the EOM
es 11-21 [contrarian outlook] [primary]good morning,
---
i recently shared my bear case with you guys, and i am here to share my bull case.
---
over the weekend i came across some serious data which has entirely changed my primary outlook on the stock and crypto market.
retail shorts are near or at all time high!
that blew my mind, and i had to come here to tell you that retail is going to get dropped before the market drops.
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4300 is conservative target
4490 is most probable
4630~4700 would be maximum expansion for the most brutal pummeling of all time for da bear bro's.
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this is absolutely not financial advice, this is just art.
do your own dd, your own research, and trust your own trade.
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ps. full disclosure, i am very long crypto - longer than i ever been in the entire life.
✌
bear case:
SPX nothing has changed for meLonger term its in bear market.
Short term mid range, hard to make a good reading for either up or down move.
My best guess we will see 4k and go down to 3875 if not 3750.
One thing to note/repeat is EOM will be very strong in selling, at least thats how I see it, and the bottom wont come till the 1st of Dec.
My pathway is lower into 22-24th, up into the Cyber Monday and very strong down move into Dec 1st low.
I dont see any Santa Rally. Too many still hoping for one and I have a feeling its not coming, but will be lower into at least mid of Dec low!
Then a rally into mid Jan high and continuing much lower (strongest move with VIX capitulation) into Mar low,
After that Im going to trade mostly in upside into May and then Aug high.
Level for tomorrow to watch is the same it was for the whole last week - 4010.50SPX
Rejecting it one more time will be a perfect short or exit for a move to 3750SPX
Ideally we have one more spike to 4007SPX or so and hard rejection.
Have a profitable week everyone and dont get trapped after Wed Fed shenanigans (ideally a fake rally and sell from there into 24th low)
SPX had 61.8 retracement on that chimney spikeSo far its a text book 1-2 setup to the downside.
2 targets are on the chart with the red arrows there pointing to each target
I did few longs today and now positioning myself short
Ideally the price sell into the close and we see lower next week for a 22-23rd low
Have a great weekend and dont over trade during the Fri OPEX fckery
es 11-16good afternoon folks,
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es kinda looks finished, but remember what i mentioned in my last post. there's a lot of hungry bears trying to short this, and they're all piling in at this local golden zone.
wouldn't it be inconvenient for the market to put in another fat leg up to ruin their day?
>that's exactly what i think's going to happen.
👇
4130--->3222
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ES chart, nothing changed from last nightI wont be surprised to see 3900 test and then one more up from the bull flag.
If 3900 holds we should see 4100+ move on the last leg up.
The amount of puts is insane, unless I/we dont know something, its a retail/perma-bears trying to short every top and you know what happens to those puts when P/C ratio is so up.
I also start to see some really out of the money SPY put prints, like down to 300-335, which I havent seen last 2 weeks
Today is a turning day as well as tomorrow and the day after, so a lot of choppiness is expected and trading levels will be rewarded imo
There could be a start of the real move down only after 22-23rd going into EOM where Nov 30th is a panic cycle day.
I will be looking to buy next low and currently short ES from 3960.50 with a 9 points stop. Will exit half at 10+ points gain and will move the rest at BE
ES above 4001 it explodes, below 3960 goes down to 3900-10I have marked resistance to take and support to break.
Did a quick long from 3972.5 long and already out at 3983.50.
I will jump on a wagon if it break either side, so far no mans land, need to see the real move here.
My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long with a stop.
There is a clear bull flag and as well as roofing pattern on the charts, so really need to see a move in a right direction to enter into a trade, waiting at this point
There is a turning day tomorrow and the day after.
I wont rule out a cycle inversion and a high on the 21-22nd instead of a low.
The maj resistance/support levels were provided.
Closing above 4010.50SPX will be bullish going into the next cycle of importance.
There is a huge option flow to expire on Fri, so a fakeout and dump from there is very possible
A close around 385 will be ideal to kill all the premium out there. There is also a big 390 put wall for this Fri exp.
Main support for the SPX is at 3750.
Daily supports are at 3950-52SPX and then down at 3907-13SPX
Have a good night
SPX outside reversal, evening star on the dailySPX outside reversal, evening star on the daily
The close is below highs from last few days, bearish close.
Tomorrow is a panic cycle day on SPX and Dow has one on Thursday.
If there is a strong sell tomorrow, it will last at least 2 days and wont be one day event.
Remember this if will try to catch the knife, IF we get a good sell tomorrow
Im short
SPX is gonna continue the bearish TrendHello!
SPX is in a Descending channel. The Price is gonna Keep falling for now it seems. the Price haven't touched the top of the channel yet so this means the price will Increase a bit before Descending further to the point where it touches the bottom of the channel.
Last attempt to take 4050 or wait for a rollback?Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index.
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!