ES1! - Head and Shoulder Confirmed - in 3DResistance is found at the 2h 8 EMA on ES1!, NQ1!, and RTY1!. Support was indicated at the Pattern Break 21.4% level. (.214 is the inverse .786, the square root of phi.) Tech Falling Wedges are top watch.
SPXL
ES1! - Approaching 8h H&S Neckline15 min LBB test as the key spot approaches. Backtested upper neckline during the AM session.
ES1! - H&S in 3DAfter all the turmoil of the first 14 days of January SPX is 4.5% away from all-time highs. Opex week next week with this H&S in-play. Resistance for RTY, ES1! and NQ1! currently at the 2 hour 8 EMA.
spx run up at gap close may fail (spxl)if we dont break 133.33 confidently, and confirm 15 min reversal pattern with a lower low 131.85 this may signal overheated conditions in spx
should we keep the uptrend holding 130.69 and continuing higher i imagine we have a go at 135, although id still be wary of buying borader markets right now except for a quick flip
if we dont hold 130 and cant get back over 130.66 we will probably see 127.66 again soon
volatility comes in waves
the odds we close up at the highs are low but if we do theres a good long in it
tightening range should break soon (spxl)looking for prices above 145.5 or below 144.6 if we break out of this pattern of higher lows and lower highs in the s&p500
SPY OMICRONEsperando Noticias Nuevas Del Ómicron Y Alguna Conferencia De Prensa Para Informar Nuevas Medidas En Donde Pudiera Estar Afectando La Economía. Así Ayude A Regular Los Futuros Que Están Cerrando El Año A Máximos Históricos Y Con Un Aproximado 30% De Rentabilidad En El Ytd.
SPX sky is the limit now SPX is trading at all time highs now. We remain bullish but will keep a support level at 4784 to manage our risk.
We use Aspen Trading Support & Resistance Levels to risk manage our positions. These levels are invite only and can be accessed through url in my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
SPX key levels into FOMCGoing over key levels on the SPX ahead of the FOMC and Dec OPEX. If you have any questions or comments please feel free to share. Thanks!
SPY - Perfect Time for Entry!-What is better than hopping on the SPY during its recovery? Well, the answer is NOTHING!
-SPY has seasonal/monthly drops where our boy cools down and hitting back the previous highs is his habit.
-So what else is left other than loading on short-term options and rolling the profit in the house?
SPXLThe WAE is pointing down
The Vortex5 is showing that the bulls are very volatile but the bears are in a dip buy right now and in a few day to weeks there is going to be another pull back. Not sure what the % is but there will be one.
ES1! - Inverse H&S Break Target .618 AchievedThe market feasted on the fuel from the iH&S break and has powered price to the Golden Section of the Pattern Break Target. Along the way a H&S was invalidated and a Diamond served as a continuation pattern to the upside. Big Tech continues to report as both MSFT and APPL have set up above support in sideways patterns.
Bert and Ernie CorrectionAre we there yet?
Elmo, we just started
Lots of interesting action at the top, facts remain. Interesting pair of ellipses here leading us back to a low. Time will tell.
GL
Gap Down - October 20Vix = Low
RSI = Low
Resistance at new ATH bounding line
Escape from Regression Trend
SPY - Finally finding a support?-After tumbling and moving indecisively up and down since September 22, looks like SPY finally shows some signs of a potential rise.
-Economy is still under great pressure, we won't be too optimistic and only are putting our target back at the previous highs.
-Load the dip boys!
SPXL - Buy the dip boys!-Great time to return on the bullish side!
-Definitely expect some volatility though.
-With the high VIX stay away from calls and buy them stocks / ETFs. VIX started falling, has a way to go down.
SPXL - 3X SPX Bull We will be using the SPXL again for the next SELL Setup.
Many of these 3X ETFs, such as TQQQ outperform on the
downside.
It has performed very well and has Larger Objectives @
the 94 Level.
It can be used to hedge against Positional SELL entries
that require a small hedge, it tends to erase any mistakes
very quickly.
$SPXL - LongDouble buy signal on $SPXL 4 hour chart.
87% win rate, 108 wins, 16 losses.
2% Equity deployed.
ES1! - Opex Eve - Eve and AdamWith Opex on tap there is increased risk of volatility and opportunity. Scouting this double bottom pattern as the opens have produced fireworks in September.
Todays Price Action and Thoughts for Next Week
One a sleepy Friday in July the market that was up pre-market sold off fairly significantly
So what happened?
Look at the Fibs marked with yellow arrows and you can see all part of the plan.
We arrived at the .50 Fib just before the open and ended at the 2.0 Fib (not a real fib numbers)
Currently price is inside of a triangle that will broken - it is balancing for a bigger move. That said this looks like a double bottom over a multi-day period.
For us to reach the bottom of the triangle we will get to the 2.272 Fib - most likely this will bent or even broken to clean up the VPOC at 4291
Lately the Market Movers have decided to use a fib number between two obvious levels to make a turn - looks random but its not, either a .61 or .50.
Ironically the 4300 level is the buy - but truly who knows exactly, best to wait for a a couple of 15 minute candles to confirm.
There are VPOCS at 4291 and 4229 - these may or may not be target this upcoming week. Mind your risk!
Fed hasn't turned off the spigot so no reason to become negative - and while I hate to say it, because it seems nonsensical, buy the dip. Its better deal than was on Wednesday :P
SPXL - End of the Bubble!After a long positive run full of speculation and non-ending green days, the time has come for stocks to go back to their real values.
SPXL - Not normal at all!-As we all know, COVID-19 was a hard period of time full of uncertainties. While many of us were scared that the market will maintain a bearish run for a good amount of time and that the effect of the Pandemic will show its negative effects throughout the years as the economists predicted too, the Market showed us a totally different scenario. Both the SP500 and Nasdaq had a tremendous rise during the pandemic and the market was nothing but all green and positive. For the beginner investors who started investment with the help of social media and some research added on the positivity and for a period of time, it felt like no matter where you put your money it turned green in the next couple of days! But here we are, the harsh reality time has come. Now it is the time for the bubble to pop and for the stocks to go back to the normal way of performance rather than having an "Always Rising" state.
-Okay yeah the market is a bubble but so what? Can't it be the new normal? Why do we think that things are going to go bad soon?
Because of the following facts dear ladies and gentlemen!
Fact # 1: The well-known Buffet Indicator shows us the ratio of total US stock market valuation to GDP. Named after Warren Buffett, who called the ratio "the best single measure of where valuations stand at any given moment". Currently, the ratio has passed the levels of "over-valued" and it has officially entered the "Strongly over-valued" levels. We are currently standing at the levels of the popular Internet Bubble. While the Internet Bubble popped at +67% the current level of the indicator is standing at +88%. It is a brainer, we are rising at a very abnormal speed, and the state of the economy is not that positive.
Fact # 2: Level of Corporate Debt. According to the research that the popular McKinsey has done, the Global debt has grown from $97 trillion to $169 trillion since the crisis but has been stable relative to world GDP. It is bad.
Fact # 3: Levels of money printing are at their highest highs. At this point, FED can either keep printing to sustain the green state of the market, or at a point if they stop printing (cancellation of stimulus paychecks, unemployment paychecks, COVID affected interest-free small-business loans) then things will definitely fall apart.
