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US SPX 500

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!
SP:SPX
by RealTima
8
#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.
FRED:SP500Short
by naphyse
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.
CME_MINI:ES1!
by paradox677
1
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
SP:SPX
by RealTima
25
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 .
OANDA:SPX500USDShort
by fvideira
36
es (bear)this is a follow up to my last post, read that one first. ---- 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. ---- 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.
CME_MINI:ES1!
by notoriousbids
8
SP500 a short term outlook 🦐SPX500USD on the 4h chart has tested an important confluence zone. The market got rejected and is now giving the opportunity of a bearish price action. How can i approach this scenario? I will wait for the US market open and if the market will break below i will set a nice short order according to the Plancton's strategy rules. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
OANDA:SPX500USDShort
by InkyGrip
8
S&P500 - watch for short term downsideGood afternoon everyone, Watch for short term sell setup (bearish flag) that could prove completed if the price breaks the small corrective structure (black trend line). The target is a rather strong support level @3970, which could yield @2% profit. Nonetheless, trade with care as this is a short term setup and, despite the negative news flow for risk assets recently, a sharp reaction to the key support level below is likely probable. Wish you all the best trades, PTFX Disclaimer: This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure based on wave theory.
OANDA:SPX500USDShort
by PureTradingFX
2
SPX very muted reaction to Fri sell offI was expecting a better rally off today's lows. Main support cluster is 3910-50SPX Main resistance is at 4125 and 4160-65SPX One more support is in 3992-96 zone Was looking for a low on the 29th, we got that, tomorrow will be a tell if we get a reversal Tuesday. Im planning on buying the longs tomorrow if we make new lows and hold into the 2-5th high. NQ already hit 2 targets and one more to go (doesnt have to go lower, so careful with shorting). We are in bottoming timing zone, must note that!
SP:SPX
by RealTima
8