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Spxanalysis

SPX gapped up in am and retested the trendline from the topSPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night. I did warn that this can test 4007SPX, its getting close to it. Did few long trades in am, not touching this till tomorrow. FED should be a perfect catalysis for the top. If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high. From where I do expect a strong move down into Dec 1st low. Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX. Should see an easy 150 points into Dec 6th if not more. The setup is coming and its tomorrow. I will be on most of the day and will tweet my trades life.
SP:SPX
by RealTima
6
SPX has a perfect gap fill confluence on Dec 1stI really like what I see here: - Longer term broken to the upside downtrend line test from the top 3744-50SPX - As well as the gap to close from CPI numbers 3748.85SPX All comes to Dec 1st. Number to watch for tomorrow is 4010.50SPX on closing level. - If the price gets to 4007SPX I will short with a 10+ points stop Maj support is at 3744SPX on closing level As noted before, I expect a strong selling into the EOM, ideally we mark a high on the 25-28th and sell hard from the 28th high. The month of Nov will have a lower close then Oct month. Ideal downside timing date is Dec 1st for the low and a high (wave 2) on Dec 6th. From there the price will produce some strong selling into 3389 and ideally 3212SPX by the Dec OPEX or few days later. A small recovery into EOY and high in Jan with crash from there. Next year will produce a great long term long opportunity imo. Have a great night
SP:SPX
by RealTima
2
SPX nothing has changed for meLonger term its in bear market. Short term mid range, hard to make a good reading for either up or down move. My best guess we will see 4k and go down to 3875 if not 3750. One thing to note/repeat is EOM will be very strong in selling, at least thats how I see it, and the bottom wont come till the 1st of Dec. My pathway is lower into 22-24th, up into the Cyber Monday and very strong down move into Dec 1st low. I dont see any Santa Rally. Too many still hoping for one and I have a feeling its not coming, but will be lower into at least mid of Dec low! Then a rally into mid Jan high and continuing much lower (strongest move with VIX capitulation) into Mar low, After that Im going to trade mostly in upside into May and then Aug high. Level for tomorrow to watch is the same it was for the whole last week - 4010.50SPX Rejecting it one more time will be a perfect short or exit for a move to 3750SPX Ideally we have one more spike to 4007SPX or so and hard rejection. Have a profitable week everyone and dont get trapped after Wed Fed shenanigans (ideally a fake rally and sell from there into 24th low)
SP:SPX
by RealTima
12
SPX Fake Rally?As we continue to monitor the broader index market we see many discrepancies between the S&P, Nasdaq, and Dow Jones. All 3 are not displaying the same level of strength, but what they do all have in common is signs of weakness with this last rally. Although I'm open to the idea that the markets have bottomed, I still think its more that we still have 1 more leg down at this moment. I continue to see signs of weakness with this last rally, divergence, over-bought indicators, and topping patterns are all showing right now. That doesn't mean the market has to make new lows, but at the very least I would expect a higher low to develop. I would be extremely cautious over the next few weeks/months until we see the market start showing signs of strength again. I believe the current investor sentiment is persistent optimism, which is not good for the markets. We don't know if we'll see a higher low, or a new low, but I would be prepared for the worst-case scenario, which would be the markets pushing down to the $3200 support level. We have a lot of historical support in that area, including the weekly 400EMA and the bottom of our down-trend channel where I think it's likely we see a bottom. Remember, be patient, level-headed, and don't follow the crowd.
SP:SPXShort
by CryptoSyphn
ES chart, nothing changed from last nightI wont be surprised to see 3900 test and then one more up from the bull flag. If 3900 holds we should see 4100+ move on the last leg up. The amount of puts is insane, unless I/we dont know something, its a retail/perma-bears trying to short every top and you know what happens to those puts when P/C ratio is so up. I also start to see some really out of the money SPY put prints, like down to 300-335, which I havent seen last 2 weeks Today is a turning day as well as tomorrow and the day after, so a lot of choppiness is expected and trading levels will be rewarded imo There could be a start of the real move down only after 22-23rd going into EOM where Nov 30th is a panic cycle day. I will be looking to buy next low and currently short ES from 3960.50 with a 9 points stop. Will exit half at 10+ points gain and will move the rest at BE
CME_MINI:ES1!
by RealTima
11
ES above 4001 it explodes, below 3960 goes down to 3900-10I have marked resistance to take and support to break. Did a quick long from 3972.5 long and already out at 3983.50. I will jump on a wagon if it break either side, so far no mans land, need to see the real move here. My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long with a stop. There is a clear bull flag and as well as roofing pattern on the charts, so really need to see a move in a right direction to enter into a trade, waiting at this point There is a turning day tomorrow and the day after. I wont rule out a cycle inversion and a high on the 21-22nd instead of a low. The maj resistance/support levels were provided. Closing above 4010.50SPX will be bullish going into the next cycle of importance. There is a huge option flow to expire on Fri, so a fakeout and dump from there is very possible A close around 385 will be ideal to kill all the premium out there. There is also a big 390 put wall for this Fri exp. Main support for the SPX is at 3750. Daily supports are at 3950-52SPX and then down at 3907-13SPX Have a good night
CME_MINI:ES1!
by RealTima
4
Reposting my weekend update for those who didnt see itMy weekend update was banned as noted other place, Im re-posting now: I have cycles top on Tuesday and choppy period into 22nd low The way I see here is that the price is about to finish the wave 2 and 3rd wave will bring the price down into third week of Dec. Dont see and Santa Rally this year, it should be a Santa Crappy. Nov month should be lowest monthly close when Dec will be higher and Jan 2023 will be another lower monthly close. Intra day low might not come till Apr or even May. I have volatility rising from tomorrow all the way into EOM . I do expect a good down move tomorrow, which will be bought. Main support now is at 3910-15SPX and smaller degree support at 3950-58SPX Resistance and target on the upside are on the chart with notes. Maj resistance on closing daily level is at 4010.50 SPX and weekly at 4116-18. Ideal target for the high this month is 4118SPX level, might very well top in mid 4000 The way the price is going is not bullish but a bear rally, those can extend and be super fast (we got second part already) Main support is at 3750-55SPX now, below it top is in. My game plan for tomorrow is buy low 39 handle for a move up into Tuesday high. I have exited my MES short from Friday close at Sunday open and flipped to long from 83.50 and 84.50. Already took profits at 91.50 and 93.50 zone. Im long some MNQ and my main position is swing short MNQ. I will trim most of my long on Tuesday high.
SP:SPX
by RealTima
16
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. * October CPI rose 0.4%, the same increase as in September ; but what moved markets was that Core CPI rose 0.3% compared to 0.6% in September. Such an impulsive rally after one dovish CPI print is hardly sustainable in a bear market; however, if the UofM Sentiment Survey tomorrow is bullish and Russia renews their grain deal with Ukraine on 11/19, this rally may be able to continue into the PCE report on 12/01. Equities finished up in today's session and Equity Futures, Oil, Agriculture, DXY, Long-Term US Treasuries, HSI, NI225 and CNYUSD are up. Cryptos are correcting after many experienced a ~20% rally in today's session. VIX, Natural Gas, Gold, JPYUSD, GBPUSD and EURUSD are down. Russia ordered their citizens to evacuate Kherson City in anticipation of a Ukrainian shelling that would level the whole city, this of course is probably another False Flag operation because Ukraine likely has no interest in destroying their own infrastructure. Ukrainian military officials cast their doubts over such a retreat and think it's a ploy to lure Ukrainian soldiers into a central location to maximize inflicted damage. Key Upcoming Dates: UofM November US Consumer Sentiment Survey at 10am EST 11/11; Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price finished today's session trending up at $3956, it's still technically testing $3913 minor resistance and will need to close above it in tomorrow's session to help confirm bullishness; considering that Price appears to be legitimately breaking above the 50MA for the first time since 07/19, it may test it as support before continuing higher. Volume finished the session High (moderate) and obviously after a bullish CPI when inflation is the number one market focus, it favored buyers; Price is trading in the second largest supply/demand zone on the chart. Parabolic SAR flips bearish at $3700, this is mildly bearish at the moment. RSI is currently trending up at 60 with no signs of peak formation as it approaches a retest of $4058 minor resistance. Stochastic resisted a bearish crossover in Wednesday's session and is currently trending up at 60, it's still technically testing 48 minor resistance. MACD remains bullish after also resisting a bearish crossover in Wednesday's session and is currently trending up at 21 as it attempts to confirm a break above 11 minor resistance. ADX is currently beginning to form a trough at 17 as Price has been pushing higher, this is mildly bullish at the moment. If Price is able to flip $3913 minor resistance to support then the next likely target is a retest of $4058 minor resistance . However, if Price breaks down below $3913 minor resistance , it will likely retest ~$3855 as support before potentially falling lower to test the 50MA as support at ~$3800 . Mental Stop Loss: (two consecutive closes below) $3913.
SP:SPX
by dailytaguy
SPX bounced off resistance, all eyes on 3907SPXSPX must close above 3907 today to confirm the breakout! Bounced off resistance on this move, super extended and overbought now. Resistance is at 3933SPX, broken trend channel test from the bottom I have trimmed my longs (from yesterday's 3755-60ES entry) before the CPI, oh well, cant win them all. SPX is still in its opening channel Tomorrow is a directional change day, will confirm the breakout if the price stays up above 3907 and can get above 3933SPX Volatility is rising into Nov 23rd, I still expect lower into that day, only after a good rally up into EOM For now day trading for me with a core short position
SP:SPX
by RealTima
21
SPX can possibly limit down tomorrowWant to make a special disclaimer here: Do not bet your house on this if you're trading futures (ETF option market is closed) as I might be completely wrong! I want to present you a possibility of another mini crash tomorrow (Oct 13th like) maybe even limit down! If CPI comes hot tomorrow am that could produce another huge sell off like we saw on Oct 13th. CPI poll, make your bets here, share with others: strawpoll.com There are several big issues out there which can contribute to a potential move down: - Treasury reduction, - Crypto crash (leading imo), - Hot CPI, - 10 year action, - Midterms uncertainty (10000% rigged again) - Liquidity is a bigger problem then ever this year (there wont be a bid till it's limit down imo) - Lunar eclipse - Also SAR produced 3 days dots above the price, means the trend is lower and we have a perfect 1-2 setup to the downside Now lets talk about the price and levels: All we need is an open below 3689-3700 and continue sell from the open Supports are at: - 3689 SPX - 3610-45 SPX (support box) where 3610SPX is the maj support, loosing it we get down to: - 3543-52 SPX - 3509 is where the limit down target is - Below 3500 it will not stop till 3415SPX!!! So if this happens you are ready and prepared to trade it. Opening below 3689-3700 will act as a maj resistance for tomorrow and all stops must be there. I will add to my short either before the CPI or right after. Trail short from the open and seat back and relax, as if it goes, there wont be any good bounce due to lack of liquidity. Ideally we see a ramp up into the numbers, but with the election results it could be muted and we wont get a desired rally. Ideal resistance for tonight is at 3780-85ES, I will be closing my longs from 3756 there and flip short with a wide stop. So again, this is a potential I see for tomorrow, if Im wrong and CPI comes lower then expected we could see a decent rally up to 3900 if not 4k (not in one day of course)
SP:SPXShort
by RealTima
22
SPX long termHe is a bit cleared out chart for my long term view on the SPX. I think (as was saying all year long), that we will revisit 2020 lows and ideally make a higher low at 2855SPX or if super weak low 2400 (less odds at this point) by Mar/Apr 2023. If there is a H&S playing out and we will know soon enough, then the price should get down to 3k zone My ideal target for this year low is at 3212SPX with min 3389SPX (which I think will be sliced/wont hold long if tested) Maj support going into Nov 10-11th low is at 3610 to 3656 SPX, where 3610SPX is the maj support. Below 3610SPX the price will test min 3543-56SPX is not all the way to re-test Oct 13th lows. If in fact that happens, then the move down to 3389 and ideally 3212SPX will be very fast and will bottom on Nov 21-22nd. Ideally we test 3389SPX level on Nov 21-22nd, rally up back to 3545-55SPX and ideally back to 3610-55SPX by EOM and make a final low in Dec either at 3212 or that mid 3k zone. I do think 3k will be a very solid support and will hold this year. This year is a pure bear market and so many still expecting a Santa Rally, I think we get Santa Crappy instead. So after a good size rally (13-18%) from Dec lows to mid Jan high Early next year it will be a perfect scenario where the price dives down to 2855 and low 24 handle to mark the bottom of the whole move down from Jan highs. Then I think the price will start to move up with the money flow from the European countries and other countries to a safe heaven - the US stock market. DOW will benefit the most imo, so I expect DOW to outperform, SPX to follow. That high might be a double top sometime in 2026 and then another move down to 1550SPX zone by 2030-32 So if played right and give enough time to your trade, a lot of money can be made playing long term/swing this pathway Have a good night, tomorrow will be interesting, expect a lot of volatility to hit the market going all the way till Christmas time
SP:SPX
by RealTima
5
SPX can be in a much bigger H&S patternIf this H&S plays out/triggers we will see the price in 3k zone For now there is a support box for the move lower. Expect unexpected, as the price was tested so many times on the downside, it can break next time it does test it. Also if this is a start of the wave 3 down, it will be fast and with min retracements, so be careful when trying catching the knife Sar dots on daily are printing from the top 3rd day in a raw, 4h just joined the party VIX and UVXY got very green already Im swing short and my timing for the low is 21-22nd of Nov Should move down into 10-11th low, then up into the 15-16th and final push to 21-22nd low
SP:SPX
by RealTima
2
SPX next week pathwayIm looking for an ABC move up tomorrow for a new high 3815-35SPX (if we wont take Fri lows) Ideally we bottom in ES deeper then the cash price and cash will get its 50% retracement hit in am tomorrow, then we go up to close the Sunday opening gap Then we should fall hard into 34 handle territory. My timing is a low in Nov for the year and Jan high, then Mar/Apr maj low of this move. Note this: Fed is removing $40B by Nov 15, then aprox $20B/week through the EOY So dont expect Santa being nice to the bullz...
SP:SPX
by RealTima
6
SPX updated Fri chartFibs are on the chart, so far stopped at 50% retracement, I would expect 61.8 to get hit today, right into the resistance trendline (black line) Yesterday's box was resistance, now its a support, use that if you want to go long (if we get a pullback today) I was expecting this rally, but missed am entry, had one NQ running on the long side from yesterday and that was closed at the open spike. I have also added back to my swing short MNQ (was closed those at 645 and 685 mentioned pre-market on that spike down), not doing anything else, as this can stretch up into the 7th and I dont want to increase my short position here. You saw how they can do destroy both sides with am fckery, so have stops if you are in green, do not let your trade turn against you! Again its Friday, DO NOT OVER TRADE! Dont give them back your weekly gains!
SP:SPX
by RealTima
31
SPX - I got you all targets hit! Well we hit all the targets outlined on Oct 30-31st. Now if we wont hold today's lows we will see mid 3600 - I have a box zone at 3665-75 - and 3641.50-50SPX as the next target zone, where 3641.50 is a Maj support on closing level! - Supports on the way are - 3718-20SPX - 3689SPX Resistance: - 3791-3803 - 3907 is where the Maj resistance again Also I want to present a possibility I was taking about on Oct 31st update of a bigger H&S where its working on the head at the moment. I did some calculations and there is a chance we see 3552-89SPX on this leg down, that would be a perfect spot for the head to stop. Can extend into 3500 zone as I expect the whole move to be retraced in full from Oct 13th lows (mentioned this many times) Will post the H&S chart here in a bit
SP:SPX
by RealTima
33