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US SPX 500

SPX is in the target and maj resistance zoneNothing much to add since my most recent updates. The price is in the target zone I had for a while now. Was expecting a good size pullback, never happened. Im still in some trapped ES short, as well as RTY from Fri close and some SPY puts. We got right into the Yellow dotted line I had for months now, its the main resistance line and right in our 4308SPX target zone. Maj daily resistance is at 4308-35SPX Maj support (and I expect it to hold) is at 4000-08SPX Might stretch into 4930-50, but low 4k has higher chance in holding on the upcoming pullback. As noted on the RTY chart, there is a chance we wont tag 200MA, too many are looking for one to get hit. We should get some sort of pullback next week, how deep it will be, I dont know, but it can be quite fast. Maj turn dates are the 16th and week of 29th, Im assuming that week will mark the high, might be lower high. We have 9 unfilled gaps since Jun low, I expect those to get filled by Oct low. Im expecting a double bottom or a marginal lower hit in to below 3450SPX zone before a good size rally into EOY. Sep comes up as a panic month, I expect a good size reversal that month and it can get quite ugly in Oct. I see some serious market movers Sep/Oct time, might stretch into Nov Midterm elections. Those in power will do everything to rig it, so expect more international instability as well as something serious in the states. Interesting and very dangerous times we live in. Very important to gap down tomorrow to mark temp high. Expect a counter trend next 2 weeks into week of 29th. 2 scenarios Im watching: - top in main target zone of 4308-35SPX - top at 4425SPX in case it wants to extend into mid of Sep
SP:SPXShort
by RealTima
6
$ES - What to do now?$ES - What to do now? This weekend, I present you many ideas in various assets and here's one chart of $ES is last and its important chart I am keeping an eye on for LT positioning. We've had great bullish momentum due to 'we are at neutral rates', CPI steady - For now and all data is excelling perfectly this week we do have FOMC minutes and as have US Retail sales. The key areas I am keeping in mind when it comes to fundamentals is the factoring in credit cards, has been escalating further and real estate is in trouble due to obviously high rates. There are many other bearish fundamental factors but then we have the bullish momentum side technically - ES is bullish and the fundamentals less rate hikes of hights 75 is less anticipated and further slow down leading DXY to pull back and ES, RYT, NQ & even looking at QQQ to excel further and this could be the bottom of 3700 areas for ES. Technically - we are a trendline resistance which comes at the levels of: 4300-4200 areas. A key pull back towards areas of support of: 4180, 4000 & 3900. Are the areas I am keeping an eye on. TJ
CME_MINI:ES1!
by Trade_Journal
ES1! SPX500USD 2022 AUG 15 Week ES1! SPX500USD 2022 AUG 15 Week Previous supply zone has been tested and accepted. Preference remains long on retracement. Possible Scenarios are considered: 1) Continuation of uptrend for long on retracement 2) Temporary short opportunity on rejection of channel supply line. Weekly: Ave vol up bar = minor strength Daily: Ave vol up bar = minor strength H4: High vol narrow spread = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4368 4303 4204 4071 3950 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
V-Shaped Recovery......is highly unlikely. The chart above shows the entire price history of the S&P 500. Each candle is a 6-month period. The channel that you see is a regression channel. It shows how far above or below the mean the stock market is at a given time. At the close of 2021, the stock market hit the 2-sigma deviation from the mean. This is about as over-extended as it ever has been. The Federal Reserve has been pumping the stock market up for decades with lower and lower interest rates and quantitative easing: Looking at this 6-month chart, if it were a daily chart, how would you trade it? The yearly chart is no less concerning. Here's the yearly chart of the S&P 500: I am not posting this to incite trading based on fear. Never buy or sell based on emotions. I still hold plenty of long positions myself since yearly charts are not to be traded on. These charts, however, call for extreme defensive plays. Have your stop losses in place. Trade strategically and consider how much risk you're taking for how much reward. It's highly unlikely that we're going to have a V-shaped recovery in the stock market and that we will casually blast through new all-time highs for years. You can read my post below about the extreme yield curve inversion that has already occurred, and my post on why I believe the charts are saying a significant recession is coming.
SP:SPX
by SpyMasterTrades
23
SPX quick updateNothing much I can add, but few things: Lots of evidence of the market hitting the ceiling - SPX is at 61.8 fib retracement, very important to watch - Added a trendline off Feb 2020 and Sep 2020 highs, we are right at the resistance zone. - Main target (4308-30) is getting close to hit with no 4th wave pullback but relentless grind in a C wave up. - Weekly bullish reversal is only at 4385SPX on closing level, we are not going to hit it today. - Daily is at 4308, same as the main target, also a gap to fill. - MACD, RSI, Stoch etc are all in overbought territory, can last for several days more to hit that 4308+ target - We have 9 gaps on the downside left, I expect those to get fill in Sep/Oct - VIX is giving another long signal and sell to equities, need to watch the close below the Bollinger band to confirm Im only day trading and have few ES under the water I m holding. Will be short over the weekend with NQ, especially if we reverse into the close and close below the highs. My internet is still very bad and technicians are only coming tomorrow end of the day, cant trade much in this environment but using my cell data for small trades
SP:SPXShort
by RealTima
4
SPX back into the broken channel, fakeout was expected since my SPX back into the broken channel, fakeout was expected since my last night update. ES has the same look. Im having internet issues all day, barely traded few times. Might internet problem can last up to end of Saturday, might be an issue posting till then. I will try my best to post when I have internet working Daily S1 is at 4383.52, we got a bit shy of that target. 4h chart is showing a good negative divergence Tomorrow should follow throw if we got the fakeout or break above the trendline again. If second we will see 4308+ by Aug 16th. Im still looking for the low on the 16th, tomorrow will be a tell if we got an inversion or we are good to go for the low
SP:SPXShort
by RealTima
4
S&P 500: High volumes in Asia and new tops of growth to 4350. spx 500 Index Analyst on 8/10/22 Today we're here to talk about the SPX 500 Index What's on the market now: Today the index is trading at 4198. And we saw a sharp increase in the index, after yesterday's short and short correction. The market still has the possibility of the index moving towards the level of 4280. But due to the large number of trading volumes in Asia, I change my views on the market and expect the index to peak at the level of 4350. What I'm looking forward to today: I maintain my positive view on the growth of the index, due to the large volumes in Asia, there is a possibility of the index rising to 4350. Today I am changing my trading recommendations again for today 10/08/22. What I recommend: If you want to go short: Short positions are prohibited. However, a good opportunity would be to go short in the 4280-4350 area. If you want to buy: Buying on the market is prohibited, the market may begin a correction caused by profit taking. If you want to buy the index, then it is better to do it from the level of 4110, but limit your losses. If you are not in the market: If you want to buy, it is better to place your buys at the 4110 level, but limit your losses. Short positions are possible from the level of 4350. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Goodbye!
SP:SPXLong
by kvatoo_FX
1
SPX is at 100% extension still see the whole move as bear rally- VIX gave a long signal and short signal for the markets, same as we had on the 29th of July. Tomorrow we have a directional change as well as Fri with clear low on the 16th. I would like to see a good move lower starting tomorrow or Fri and a gap down on Monday. Volatility spike on Monday supports my view on this possible outcome. And then reversal day on Tuesday with lower low in am and higher close then Monday to mark a temp bottom. Im swing short both ES (under the water) and NQ AH's. I did trade NQ and ES on the long side last night and woke up to some very nice gains, happy with seeing a good long setup last night. So my paper loss on the ES short was very well offset today, not counting every day day trading. Im fine holding those shorts with no stop for now. Can we extend, 100% we can if it wants too and my ideal target still seats at 4308-30SPX. Please note that we are supper close to my min target I had for second month now - 4225SPX (very close and I wont be upset that we wont hit it:). I didn't expect that we get there on a straight line with such low pullbacks, but we did. And I'm trapped with some swing ES short for second week now (which is fine with me as I day trade through the day with NQ and make all that paper loss back with both long and short trades, like I did from last night entry) My downside targets are the same - 4012-28 and ideal 3992 and 3950SPX. All we need is to break 4125SPX Important levels (on closing level) for tomorrow and rest of the week to watch are: Support, Daily: - Maj is at 4135 and then 4079 on closing level - Air below 4079 all the way to 3860-70SPX and 3810-20SPX Weekly: - There is only one support on weekly level and its at 3636SPX Resistance Daily - Maj is at 4308SPX - Air above 4308 all the way till 4460SPX! Weekly Resistance is at 4385SPX I will update NQ chart tomorrow, it was updated to those who are on my email list though. Enjoy/Share/Like
SP:SPXShort
by RealTima
2
es 8-10 update ~good morning, i'd like to be bearish, but it's not advised to go against the flows of nature. here's three scenarios i currently see at play in this general area~ --- 1. the green (the bull) - this case will confirm that a bottom was created and we successfully were able to put 5 waves up to create wave (1) of a higher degree, wave 2 would pull back 50~60% of this entire move up, then we'll see a rally to $6000 after. (this would truly be the least expected scenario, as the world enters into a recession, quantitative easing begins, and the markets roar to all time highs on pure euphoric madness, just because they can). --- 2. the red (the easy bear) - this case implies that the market fails to create 5 waves up, and is terminated after the initial 3 wave move next move out of this is to 3500. (most probable). --- 3. the blue, 5 waves up is created, but the market is unable to maintain structure and breaks the lows. the 5 waves up is counted as an expanded flat, and a target between 3300~3500 becomes a magnet. (least probable). --- which ever case plays out, there will be a trade on the opposing end. for now, i think it's best to wait for confirmation unless you're already in, and don't forget to take profit o/ let the market show you where it wants to go, and simply go with the flows of nature 🌊
CME_MINI:ES1!
by Eloquent
2
SPX Aug 8th updateDidnt do a weekend update, was no point, nothing new since the last updates. NQ hit it's resistance cluster I mentioned before, SPX did as well and even exceeded a bit, but now way below it. Resistance cluster is at 4160-77SPX, where 68 is the maj resistance on closing level Im going to watch 3992 and 3938-40SPX level for the support to hold and a push into EOM after. Some changes on my chart, we did in fact hit one of the channels I had for a while and retraced of it. Now some Elliot Wave slapping from non expert (I find short term EWT counts useless!): - What if the 4 is over and we will star a first move down and 2nd wave up will be beck into the same trendchannel resistance. The fibs align with my main target zone for the wave 3 down as well as the 5th wave landing. That would make it 5 waves down into Sep/Oct low! How big of a slap those EW "analysts" will get after their 5500 call for over then 8 months gets destroyed. I know some will just add another count and be so "right", always "right" I still favor another push into 4300-30 zone, but now see a much more bearish potential. We are not even close to a bottom, the bull market wont be back till 2023 or even 2024, only bear market rallies!
SP:SPXShort
by RealTima
12