SPX pivot points!Check out how the daily Pivots aligning!!!
I expect S2 to hit if it break this week!
- 3228SPX, my target was 3212, close enough
Ideally we hit S3 on this one!
- is at low 2800!!!
Perfect storm is getting ready!
If we rally tomorrow, I will short EOD close and add on Wednesday
Dont tell me that i didnt warn about this possibility of much much lower levels to be seen in end of Oct to Nov 21st week timeframe!
Timing is everything is this game,
Do Not Get Trapped!
US SPX 500
SPX still not positive.US500 - Intraday - We look to Sell at 3679 (stop at 3721)
Prices have continued the bearish move lower and resulted in 3 consecutive negative days.
We look for losses to be extended today.
A firmer opening is expected to challenge bearish resolve.
Resistance is located at 3690 and should cap gains to this area.
We look to sell rallies.
Our profit targets will be 3572 and 3550
Resistance: 3690 / 3800 / 4110
Support: 3570 / 3210 / 2800
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.
es 10-10good morning,
happy colombus day - or whatever it is that you celebrate.
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es has gone down deeper than my recent expectations, but the overall market is still holding structure \\ and still looks really good for the move up i've been talking about.
haven't seen much accumulation yet until these last few days, so still looking for more sideways action down here before it pops up into the end of this year.
4500 is conservative target.
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ps. as mentioned in all past posts on es, this is only a theory - es can absolutely continue bleeding down without any signs of life.
SPX last night email update chartMorning everyone,
Im sharing my last night work with you here. This was sent out to those who are on my email list.
It was a long update, I will copy paste only important stuff here:
I think we get Jun low to Aug high type of move but much faster.
Looking at the zoomed in chart (4h white background chart)
- You can see that I expect to have a deep pullback into Fri (ideal target is 3680-70SPX), another move up from there either to 3875SPX to finish up the whole move up of this 4th wave.
- Or we get Jun to Aug (but faster) move off the lows and get a move from upcoming Fri low back to 3785, down to 3645 and final strong move up to 4040-4100SPX. This pathway will make the next high not mid month but closer to the EOM (making higher monthly close)
After mid or end of the month high expect the final move down early Nov to finish up the whole move down of A wave from Jan high and mark the low for the year.
Targets to hit:
- If the price makes 4040-4100SPX , then the first target will be back to just a bit under 3600SPX
- Ideal target zone is 3475 and 3389-95SPX
- 3212SPX is the extended target
Trading plan for the rest of the week.
- Looking to start taking off my swing short at 3715-20SPX level and will start layering with longs there 25%
- Exit full short position at 3670-80SPX level and get 50% more longs to make it 75% long position
- In case we hit (less odds) 3640SPX I will be 125% long, otherwise I will add on a move above 3755-3760 test and hold.
On the simple daily SPX chart 110MA is below 50MA can be the main target to hit next, need to close above the mid Bollinger, which I think will happen on the move up after Fri low.
I really think the price should close the last gap from 3678SPX before the move up resumes.
I want to see a price gap down below 3750 from the open to have my plan playing out.
3640SPX is a very important number to hold on any closing level!
Numbers of importance for tomorrow:
Resistance:
- 3876SPX (closing above should see 3960SPX next)
Support:
- 3749-50SPX, closing below should see below 3700 next
- 3715-20SPX
- 3670-80SPX
- 3640-45SPX
S&P and DJIA bearish flag to come?Stock market has still stayed in a bearish market structure. Observing multiple bull rallies throughout since February/March 2022. And bull rallies will continue so long as market sentiment continues to expect a more negative month/quarter than it actually is, although still in a decline versus previous month/quarter.
We can tell bearish market sentiment from the recent economic data releases where:
Forecast < Actual < Previous
Forecast is lower than the actuals, and actuals being lower than previous
We are in a decline, but expectations were that of a faster decline which is not happening. The economy remains resilient, and this will mean the FED needs to do more to hamper down on inflation.
Expecting more aggressive rate hikes, where on the announcements, stock market is expected to make a move lower.
Buying SPX previous resistance.US500 - Intraday - We look to Buy at 3687 (stop at 3613)
Buying pressure from 3560 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
A weaker opening is expected to challenge bullish resolve.
Support is located at 3680 and should stem dips to this area.
Dip buying offers good risk/reward.
Our profit targets will be 3857 and 3900
Resistance: 3840 / 4140 / 4600
Support: 3680 / 3590 / 3200
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.
Im Swing ShortSPX target 3680-88SPX now, ideal 3640-45 test
If we hold 3640 on closing level, I will be looking for 3900 test
Im swing short here with SPY puts, ES and NQ
Got a bit burned with stop losses, gave back most of my am profits.
Im getting a feeling that this will sell hard into Fri, will add to my swing short on any advance.
SPX supports to holdThe price is finally giving up, recent history is showing that the rallies are lasting 2 days, will it repeat today and we close red, we will see.
Numbers of importance for today:
Support:
- 3749 (on closing level)
- 3712.40
- 3680-88SPX (Again this number as an important) support, now becomes an ideal target)
- 3640.50 is a final must hold on any close today and tomorrow
Resistance:
- 3830
- 3860
- 3875
Tomorrow must be very careful with longs! this can really fall tomorrow if no turn today.
SPX gapped above 3735The price gaped above the main resistance line, there is noting much but air above.
Main target is 3850 now, while first resistance is at 3788-90SPX
Any pullbacks should be bought imo, especially 3735-15
Level of importance is 3715 on closing level, must hold on any closing to continue higher
SPX has turned positive?US500 - Intraday - We look to Buy at 3674 (stop at 3598)
Following yesterday's bullish candle, the overall trend higher looks set to continue today.
A weaker opening is expected to challenge bullish resolve.
Support is located at 3670 and should stem dips to this area.
Preferred trade is to buy on dips.
Our profit targets will be 3850 and 3900
Resistance: 3850 / 4150 / 4630
Support: 3670 / 3270 / 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.
Jamie Gun2Head Trade - Selling SPXUSDTrade Idea: Selling US500
Reasoning: At short term resistance level, looking to scalp this before a move higher
Entry Level: 3727.6
Take Profit Level: 3677
Stop Loss: 3745
Risk/Reward: 2.91:1
Disclaimer – Signal Centre. 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 all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of 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.
SPX must take 3675 for higher levels to be seenI really want to see 3675SPX tested and then a move above it after a retracement.
The down trend channel is important here, so all eyes on 3675SPX!
Im out from my Fri longs at 3645, will re-enter
Also closed my SPY 346 calls at BE, very happy with not loosing there:)
Please note, all the purple lines are the unfilled gaps!
P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
Will SPY hold 3500, a 50% Fib level from pandemic low to ATH?SPY as of today, like in the 2009 parallel in my post before this, also had a daily deathcross. Then price made a June low at 3636, bounced up to retest dma200(wma50) but was also rejected similar to 2009. SPY also gave up all gains & even broke below the June low.
Twinkle of HOPE: if entailment this week changes to positive, It is still possible that SPY may make a slightly lower low at around 3500 to create the divergence for an oversold bounce. 3500 happens to be the Fib 0.5 retracement from the pandemic low to January ATH.
BEARISH CASE: if 3500 will not hold, then the 312 to 320 zone will be the next support at Fib 0.618. Further waterfall will see 3000 & 2800 specially if wma50 crosses down wma200 (deathcross). Then probably the midterm election rally into new year.
Not trading advice. Proceed with extreme caution!
how deep does the rabbit hole go?this was a question which echoed through my mind these last few weeks.
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my primary idea has us going down, and very hard,
pure capitulation.
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there's been a lot of excitement on this bear rally
>notice how i call it a bear rally
>cause that's all this truly is in my honest opinion.
a lot of people think things are back to "normal",
but normal is long behind us.
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this idea can be invalidated if price pushes through 4320~4360 with conviction.
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