US SPX 500
ES1! SPX500USD 2022 SEP 12 Week
ES1! SPX500USD 2022 SEP 12 Week
Last week's 3903 support provided fruitful long.
We have an engulfing bullish weekly bar. Possibility of continued
upward momentum, for long preference.
Possible Scenarios are considered:
1) Long if 4010 / 4095 is supported
2) Short on trend channel rejection / rejection at 4095 / 4010
Weekly: Ave vol up bar (engulfing bullish) = strength
Daily: Ave vol up bar close off high = minor weakness
H4: High vol bar + low vol UT bar = weakenss
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4204 4029
3903 3743
Remember to like and follow if you find this useful.
Have a profitable trading week.
SPX gapped up, no Fri sell off repeate, main support is at 4025We didnt get a move down off am highs as I was hoping for, gap up above 4020-35 happen, so the move lower is off the table.
Now 4025 and 4015 are 2 main supports to hold for next week to continue advance. 4085 is next target.
This still can be a fakeout and if we close below am open, and especially below 4015SPX it will be bearish and I will be looking for 3925 to test early next week before push to higher levels.
I got stopped on half short from overnight and holding the other half for the fakeout scenario.
Will hedge at 4025 and 4015 level (will cut if we close below 4015)
So far the pathway up is in play, I dont expect much lower till 4125-35 test and ideally 4200
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
SPX weekly closing day - Fri updateHi everyone!
Im still battling with timing on the high and potential crash this/next month.
We either bottom this month, we have interest rate decision on the 21st and then up into Oct 3rd week where the turn suppose to happen and last into EOM or even Nov.
My timing showing a low in Oct/Nov.
There is a chance for us to see 4425! but the lows we just had must hold, then that high will be early Oct.
But there are several supper strong resistances to overtake:
- 4085
- 4125-35
- 4308
- 4385SPX
My fib calculation as well as previous calculations support this possible pathway, then the Oct/Nov low will be in 3240SPX zone!!!
- There is also a 61.8 retracement at 3195SPX off 2020 Mar lows!
- This move up will be a perfect C wave up of the bigger B wave in case we made A high in Aug (I have this pathway outlined in green count)
My main count is still to hold 4125-35 and ideally stretch to 4200SPX before serious selling into EOM.
- I have Panic month on Oct in SPX and Sep for the DOW. Interesting thing is SPX had a panic month on Sep as well, but cycles have moved it to Oct now.
But I want to be open for a potential screw up of the bears and making the bulls believe we are on the pathway to ATHs (again). That alone will screw up so many!
Ideally we make a higher monthly close in Sep and intraday high early Oct, then the cycles will match with the turn in Oct where we can have a huge sell into MidTerms.
- Then we should rally into EOY to do a damage control and top out in Jan. Im still battling about Santa Rally as this year is completely different from others.
- Also energy and food crisis in Europe might put a lot of pressure into the markets, unless there is a bigger war erupted and the European money will flow into the US. Which I do expect to happen next year or 2024...
So lets talk about tomorrow, so I can go to sleep:
Today's close was into the wall with last 10 min pump, that usually ends up in following day being red, at least first part of it. Also closed below intraday highs = not bullish.
- Needs a gap up above 4020 (and ideally 4030) or we should see lower levels tomorrow.
Im short into tomorrow from the close and some from AHs highs, half position.
Last few weeks we dump big on Friday's, will it repeat tomorrow? My bet is yes.
Tomorrow is a turning day!
Ideally we see a higher low tomorrow and reverse hard into last hour or 2 of the day and never look back, that would setup a move for much higher next week
Its VIX OPEX on Wed, triple witching week
200MA here on 4h chart is the ideal target for this move!
- Or 4125-35 and ideal at 4200+ for the top of this move this month
Tomorrow resistance is at:
- first resistance 4020SPX
- Main resistance to take 40350SPX
- 4085SPX is the closing resistance for higher levels early next week
The only real support I have now is low 3800 cluster, if we test 3885-3900 again it will slice it imo.
So lets see if they can push it up and save the day before and at least the OPEX and the interest rate decision on the 21st.
Have a good night!
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
SPX versus DXYWhatever the macro-economic facts/narratives or gvt. 'explanation', just looking at the SPX and DXY graph correlation paints the current picture... and a possible scenario one should take into account for how this may unfold. Not trying to make any predictions or spread fud but for me personally this is a time to hedge my market risk and currency risk.
S&P500 | May lose important support!Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The culprit of yesterday's dump is yesterday's opening of the stock market, in my last analysis I noted the $3900 support zone
My expectations were justified by the fact that at the opening we saw a continuation of the correction, which actually influenced the decline of bitcoin to $ 18,800
At the moment SPX500 is trading near the important support level of $3900-3880 if the asset loses this support, the next stop will be at $3850-3800
If we talk about bitcoin, with such a decrease, we will most likely see $18,000-17,500 again.
ICT concepts to enter this buy idea on SPX500.. Have this bias for SPX500.. I think we are gonna have a bullish week to try to target some of the previous buy stops above and get back some liquidity before selling off once more lower.. As of right now bullish until this trade idea gets proved false.
SPX is flirting with the breakdownI have no good feeling here to be aggressively long, this either holds and we have good size rally for a week or two, or we just fall apart from here.
Have stops
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
SPX Sunday email updateHere is my SPX update I sent out to those who are on my email list:
Ideally we see lower open on Sunday and maybe Monday and then push higher into the cash open on Tuesday (we already got the first part), that would be bullish.
Also, I wont rule out a move down to 3840-50ES on Monday and 12k NQ and reverse to open green on Tuesday, that would be very bullish imo.
- NQ must hold 12055 and the ES 3915 and 3905 on any test (ideally it wont test it at all!)
- Going below Fri, Thu lows will be very bearish and the bullish count will be buried. There is still a huge potential of a crash from the oversold conditions. But I hope the big boys will lift it up again into OPEX time and distribute and sell more before the big rug pull I'm expecting in Sep/Oct time.
We have met my first target on the upside to the penny, straight into the circle I put early on the chart early July.
- This is the chart (link below) from Jul 17th (just click the play button on the chart from your desktop or laptop). As you noticed I have not changed my main pathway even once! In fact I haven't changed my main market view since end of Nov of the 2021 (was one month early on the SPX when NDX did hit the high that month)! I still believe we are not going to 5500 like some others do for the whole year and hope I saved many accounts from being blown up on the long side. At least for those who listened to me in Dec/Jan.
I will be wrong at some point on the bigger picture and will reevaluate when I see signs of the changes, otherwise its playing out well this year so far
- The market do test both sides and it seems the high came earlier by less then 2 weeks.
- My main goal is to figure the low area and the timing for the upcoming lows this fall, as I don't want to get trapped on the short side and wait for "one more low" before the Santa Rally (if we even going to have one this year). But Im expecting the next high to come in Jan and turn down to Apr final low of this first big Bear leg down (I call it the big A)
On SPX simple chart, you can see that we are in the thinnest part of the cloud and usually its an easy breakdown/break up zone. We really have to hold that 3895-3910SPX zone for the markets to push higher from here.
The main resistance for Tuesday is at 4025-30SPX! If we gap up above it, then the next resistance is at 4060 and 4080. 4015 will become the main support!
I'm not sure if its doable to have a 100 points gap up on Monday, but it has to gap up above 3960SPX!
- If the open will be flat its not bullish and it can sell again to make new lows into 3850 zone.
I'm very skeptical of this price action, its very weird imo and there is something behind it, which can shake the markets hard, both directions, but mainly to the downside. All the surprises are to the downside now.
My main target for this move up (if we have bottomed) is 4125-35SPX, that would be a very strong resistance to take. Above it, it can stretch back to 4250 and even 4285SPX.
So again, SPX MUST take 4025 level and then hold 4015! Only then I will be looking for those higher levels I mentioned above.
Enjoy rest of your long weekend!
S&P500 : Elliot waves 15 min
In the S&P 500 index, we see the fall of wave C in the form of five waves, and it is expected that this trend will move in this way according to the chart to form wave 1 of C, and then the second wave will move to the specified range, and then a sharp fall for the third wave. will continue
#SPX 5th Corrective Wave Continuation for #SP500 4 corrective waves succesfully done and now proceed to 5th wave. Probable targets are given on the chart. This was the most important part, the technical analysis . Neither global conditions (EU Energy crysis, war threats, inflation and covid rise), neither astrologic conditions (Jupiter retro will not leave 23 - 28th Oct) doesn' t allow a real bounce. And #dollar index $DXY is growing and EUR is weakening. It' s time be most careful. After the 5th wave dip, an ABC bounce is expected. Not financial advice. DYOR.
ES1! SPX500USD 2022 SEP 05 Week
ES1! SPX500USD 2022 SEP 05 Week
Last week's 4071 rejection + channel rejection provided fruitful short.
Currently market is temporarily supported at 3903.
Possible Scenarios are considered:
1) Long if 3903 is supported
2) Short on low vol retracement / rejection at 4080 / 4030 / 3903
Weekly: Higher vol down bar close off low, same spread as previous bar
= demand coming in
Daily: Ave vol down bar close off low = minor demand
H4: Ultra high vol bar + high vol up bar = demand coming in
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4204 4029
3903 3743
Remember to like and follow if you find this useful.
Have a profitable trading week.
SPX and NDX made higher lowsDouble bottom here, ideally we go hard up on Tuesday.
Im in with lotto Sep 7th calls as well as some ES longs, short NQ from higher level, keeping as a hedge
Its a panic cycle week as well as a directional change week, so a straight move up is not ruled out
Have a good weekend.
4025 held like crazy!I didnt expect such a big Fri fckery all day, wanted some retracement off 4025 and break it above and it just fall!
The white trendline is the king, support cluster is 3910-50, closing below will be very bad going into the weekend!
Its a weekly closing today. Next weekly support is not there till 3720!
Im still thinking they will squeeze into the close, but if they wont, Im stopping on my longs and probably will buy some lotto puts for Tuesday!
SPX must take 3997 to continue higherVery important to get above 3992-97 tomorrow to continue this move up!
If we reject it in am, very dangerous sign.
Ideally we go up into that target, then retrace and go above 4k level.
The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish.
The issue is, we need a confirmation and trade above Thursday close. Also the 3992-97 resistance zone! Last time we failed that test, the rest is history.
So tomorrow numbers are going to be an important market mover imo,
Projected high is on the 5th, low is on the 7th and high is on the 12-13th, ABC like move up is what Im expecting
Main resistance is at 4025SPX and the 4076-80SPX
Very important - the surprise is on the downside! This has a potential to crash hard, have stops!
Have a good night
SPX day updateI cant post 5 min chart, but you can check yourself.
Use 5 min chart and apply 110MA on it and see where the price topped last few days!
Now its a must press here to finally break the bearish trend, next 20 min will be important!
1H chart is fighting 10EMA as well...
I want green close, Im long and I dont like the price action (def the game we play), so if we reject again and wont close strong, we can crash into the 5th!
Have stops!
SPX - ABC Wave Count - 23/04/22Guidelines state the equal extension of 1 is the most common wave C; however, given the current economic environment, a 1.618 extension of wave A may be plausible target.
Given the swift breakdown seen yesterday, it is also plausible that we have commenced wave 3 of the greater wave C down, therefore opening up the possibility of the scenario shown.
1.618 extension would mark a -27.80% correction .
Not financial advice and always DYOR .
es (bear)this is a follow up to my last post, read that one first.
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Considering what i mentioned in my last post,
if the bounce from 3880~3860 is weak, and price begins to flag into the days ahead,
this will not be good news for the bulls,
but it'll be great news for whoever is ready to catch this short.
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realistically, if this case is confirmed we can see es below 3000 before this year is over.
wait for confirmation, don't jump the gun. nobody knows what comes next, we can only theorize.