ES the only bullish count I can come up withThis is the only bullish setup I can come up with if the price takes 3822ES
The target is 3965, right where is the top of the trend channel is
- Fits well with the fibs extensions
To me the price has to gap up above today's am highs to have this pathway proven.
Also wont rule out just a test of 3820-22ES or 3800-20SPX.
I have also revised my SPX chart, see below, and it has to stick with the 3800 and reject for lower levels to be seen or it the move lower will be toasted.
We are def in a window for a move lower/crash like or confirm the lows we have seen on Oct 2nd.
I personally still in a lower lows to be seen camp and the low should come early Nov or can be stretched to Nov 21st.
If we do start the move lower, it has to start tomorrow, Thursday the top!!!
Im getting hit on weekly lotto puts due to sizing, I will do one more try tomorrow after OPEX and if we indeed see 3800 tested.
US SPX 500
Great Depression SP500 to 1833Billionaire investor Stanley Druckenmiller, founder of hedge fund Duquesne Capital, recently said that “Our central case is a hard landing by the end of 23. I will be stunned if we don’t have a recession in ’23.”
Even if a catastrophic recession somehow doesn’t hit the world, high inflation, soaring commodity costs, and plummeting currency values worldwide will ensure global economies will continue to struggle.
The real question isn’t whether a downturn is coming. It’s how long it will last.
Is a “dead decade” on the horizon?
While most investors are used to recessions that take a year or two to recover from, there’s also a chance this upcoming meltdown could be a much longer-lasting affair.
SP500’s GoodNews! probably forming expanding triangle.18/Oct/22.Not just ES1 having “Good News!!!”. We probably having an “expanding triangle” here. Where triangle pattern only “appeared” on either wave b or @ “last pullback” of trend which is wave 4 ( yellow here). So..so..probably the “small crashes” since yearly 2022 might be end soon..( probably - 23.08% first).
SPX can be at the begging of a very stip downtrend channelSmall disclaimer:
- Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame!
- When we are out of the crash window, I will reduce this possibility to bare minimum!
For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below 3450-55SPX, then its in a clear fall.
- Invalidation point is a move above 3840-50SPX on closing basis. Then the whole pathway is a trash
Perfect first cycle low early Nov, if not last day(s) of Oct and main cycle low for this year is on week 21st of Nov (+2 or -1 day).
Supports are on the chart, again if it starts falling (which I think we will) soon.
First big low should come on the 24th of Oct imo.
Moon cycle crash window is from 20-24th.
If it misses, then no crash and maybe we just bottom at 34 handle or 32 handle (my ideal target all year) max.
Please keep in mind, that this is not my main pathway till 3450-55SPX is broken on daily level, must close below it, better for 2 days straight.
I will be updating support levels on the go (if this plays out), but main support levels (lines) are on the chart.
Will be updating more in this thread tomorrow with smaller timeframe charts
SPX & BTC - What's next? Talking about BTC price it's hard to forget about S&P500 ofc. Current situation doesn't look too bad, It fell by a significant percentage already, and it seems stuck around near support on the weekly timeframe.
If we can expect some small relief rally for here - the same could be expected for btc as well. Maybe it's a change for BTCUSDT to break out 20k resistance.
Otherwise, if there is no rise here soon, BTC will also fall.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
SPX EOW Close ChartWell its a very bad close imo.
Bullz have only one chance to hold todays close in B wave down and rally up to 3800 even!
But if it instead (higher odds imo) we crash from the open, then my pathway will be
- Down to 3400
- Bounce to 3500
- Down to my 3212 (better hold it)
If 32 handle wont hold, we will see 2855SPX by 24th!
Be ready! Im sure majority is not ready for this type of scenario!
Also I think we bottom EOM or early Nov, how low only the GOD knows!
Im short lots of SPY puts but will do ES and NQ short on Sunday after I see the opening reaction of the futures.
Have a great weekend
Selling SPX into swing high.US500 - 23h expiry - We look to Sell at 3710 (stop at 3780)
Buying pressure from 3580 resulted in prices rejecting the dip.
The trend of lower highs is located at 3721.
The bias is still for lower levels and we look for any gains to be limited.
This is negative for sentiment and the downtrend has potential to return.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 3510 and 3450
Resistance: 3800 / 3980 / 4160
Support: 3450 / 3210 / 3000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX/SPY Weekly Volatility Forecast 17-21 October 2022 SPX/SPY Weekly Volatility Forecast 17-21 October 2022
We can see that currently the volatility is around 4.44%, falling from 4.48% of the last week.
At the same time, its currently place on the 90th percentile based on the ATR calculations.
With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of:
In case of a Bullish movement : 2.54%
In case of a Bearish movement : 2.7%
With the current volatility point, we have a 24.3% probability that the end of the weekly candle is going close either above of below the next channel:
TOP : 3751
BOT : 3430
At the same time, there is currently a 38% probability that we can touch the previous high of the weekly candle 3730
And there is a 66% probability that we can touch the previous low of the weekly candle of 3500
Lastly, currently the rating from the moving average is around -68% indicating a very bearish trend(and we can confirm this since november 2021)
SPX 2 pathways, all the same resultMorning everyone,
I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again.
The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it!
I see 2 possible pathways:
- first is the price is working on the right shoulder and will push much lower next week. My ideal pathway
- second is the touch of the upper channel of the trend channel ABC black line.
If second, we should touch 3600 and hold, then push for the final move to hit 3815-20SPX
Its Friday, do not over trade, let the trade come to you and then press!
Im swing short into EOM!
SPX main target for the whole move down is at low 2400!Sometime things are super simple!
This low wont be even lower then 2020 lows!
I did expect the 2020 lows to be re-visited since Jan-Feb of this year!
Well its coming imo
Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know.
I would like to see that low to be seen in Nov and Q1 next year to be a higher low.
Then we rally so hard into 2025-26!
Have a good night
S&P 500 USD - Black TuesdayA crash is coming in the stock market in the following days: probably this week or maybe next week.
The last intermediate cycle lasted for 80 bars and ended on the 16.06.2022.
The new intermediate cycle rallied to the 200 SMA then dropped into the DCL on the 9th Sept. The new daily cycle is only on day 14 - we are in this daily cycle - and it is close to the support of 3634...
If we we are having the same length of intermediate cycle like the last one then we are going to break 3634 this week and drop to 2962.
If we are having a longer intermediate cycle ( 100-120 bars) then we are going to bounce from here for a few days and break 3634 a few days later sometimes next week.
As the dollar seems to working to print its multi year top these days there is a good chance that the support zone is going to break tomorrow or Wednesday this week.
SPX is at Very Very Very Dangerous zone!Hi everyone,
Im on vacation from Sunday to next Sunday, but I will be trading and will be still posting updates.
I dont want to call for a crash here, chances for it are super slim.
Any trade must be protected with a stop and only you as a trader can make the decisions on what to do with the information you're getting.
Must do is your own homework!
Again do not mortgage your house and go all in as this can be a very well one big bear trap!
Im looking for that final move to be over by end of Oct or early Nov regardless. (updated about this last week Thursday or so)
My target zone is 34 handle by the time window outlined above with ideal target being 32 handle.
Below it, the markets are in real troubles!
Can it be a crash, I don't know, I'm too far out to predict such things.
Here is my quick but important update:
- I wont rule out another low on Monday am and in fact I will be shorting on Sunday if we get a bounce.
- That low can be lower 52 week low or just 3610SPX test
Levels of importance
- 3640.50 (again)
- 3610, below this level comes
- 3550-40
- 3511
- 3480-85 all SPX
Resistance is at 3735-45; 3775-85
Here is my 1h chart
On this chart I have outlined support levels, when/if broken you know whats coming next!
IF we get a strong rally into Wed, I will not be holding longs at all, line none! I will only do options (puts) on what Im ready to loose.
So here is a clue to how low this can fall in a very short time:
- check the fibs from the low of 2009 to the high this Jan, check where is 78.6% retracement is
Walt Disney Company Analyze🐭 !!!The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.
Walt Disney Company runs near the Resistance line and my PRZ(Price Reversal Zone).
Also, we can see Heavy Hidden Divergence(HD-) between Price and MACD Indicator.
I expect Walt Disney Company can lose ❗️20%❗️of its value.
Walt Disney Company Analyze (DISUSD), Daily Timeframe (Log Scale /Heikin Ashi)⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
11:1RR on this trade -- SPX500 BUYWe had already taken SSL and then after we got that large expansion and retracement into OTE 0.618-0.705 which was also inside of FVG that was my hint to enter the trade. We have build up lots of bsl and it looks like a complete MMSM has been created. Will post more details/explanations under this section as I see fit.
WEEKLY OVERVIEW on US Index, EURUSD and USDCADHi Traders,
This is my view for this week on:
- SP500 and NAS100
- EURUSD
- USDCAD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————