2-days bounce into earningsBetting on a short-term bounce before earnings seasons - going into Friday 11 April.
SPX500 trade ideas
To the Mooooooon! I think we just bottomed and we'll now see a retest of the highs.
I'm still net super bearish but I think a trap is possible.
I've taken profit and bought under 5200.
Maybe This is all a Big Head and Shoulders.This is feeling suspiciously like honey trapping of the bears and I think there's fair odds we're going to see a strong squeeze starting now and lasting over at least the next couple weeks.
This could easily take us to 5800 or so inside of the head and shoulders setup
S&P500 Vast Support from previous High. New 2 year Bull started.The S&P500 / US500 has reached a bottom and is rebounding.
The rebound is taking place just over the 1week MA200 but also the key pivot line that was previously a Cycle High and now turned Support.
We have seen this another 2 times in the last 10 years and both time caused a massive rally.
This puts an end to the tariff war correction and based on the chart starts a new 2 year Bull Cycle.
Minimum rise before was +58%. Target 7600.
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S&P500: Trump's 90-day tariff pause just saved the day??S&P500 is having so far a +9.50% rise from today's low as even though Trump announced a 125% raise to China tariffs, he lowered and paused tariffs for 90 days to all countries that contacted the U.S. for negotiation. The 1D technical outlook is about to get neutral (RSI = 42.537, MACD = -181.510, ADX = 39.036) as the rebound is taking place at the HL bottom of the Bullish Megaphone, while the 1W MA200 stayed intact.
A similar Megaphone was last seen during the previous 2018 Trade War and was completed with the COVID crash that started an abnormal rally to new ATH to correct the equally abnormal crash. Needless to say, it was based on quick rate cuts but the situation isn't all that different today. Trump's stance towards negotiating, coupled with highly anticipated rate cuts, can deliver an equally abnormal rally now.
The previous HH of the Bullish Megaphone hit the 2.0 Fibonacci extension. This time if the rally extends to the end of the year, targeting the 1.5 - 1.618 Fibonacci Zone would be considered fair (TP = 6,900).
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Is 5,700 the New 6,000?The S&P 500 has struggled recently, and some traders may see risk of further downside.
The first pattern on today’s chart is the three-day jump above 5,700 early last week. The move peaked around the January low of 5,773. It also represented a false breakout above the November low of 5,696.50.
In other words, two former support levels have emerged as new resistance.
It’s also reminiscent of the price action in January and February, when failure to hold 6,000 triggered selling.
Next, last week’s high occurred at the 200-day simple moving average. That may suggest the longer-term uptrend has ended.
Third, the 8-day exponential moving average (EMA) has remained below the 21-day EMA. That may indicate that a shorter-term downtrend has begun.
Finally, given the weakening momentum, traders may start eyeing longer-term levels for potential support. One potential spot could be the September low of 5,403, followed by the August trough of 5,119.
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$SPX - Nothing good happens below 200 day moving averageI want to stick to the classics. I want more clarity before I enter any trade here. My bias is bearish as of now
SPX: the absurdity of tariffsTariffs-narrative continues to shape the sentiment of investors on the US equity markets. The high volatility continues to be the predominant way of price movements, ranging from deep pessimism to higher optimism. The reality is that no one is sure what to trade and in which direction. Markets are extremely unhappy in times of high uncertainty, like the tariff-time currently is. Another week with extreme moves is behind the market. The S&P 500 reached the lowest weekly level at 4.840, but soon realized that this might be too low for current conditions of the US economy. Then the news hit the market that US tariffs will be delayed for the majority of countries for up to 90 days, and the market suddenly entered into an optimistic mood, reaching the highest weekly level at 5.480. This occurred at Wednesday's trading session, where S&P 500 gained around 10% within one day. For the S&P 500 this could be treated as highly extreme movement, but it shows how much nervousness is within investors at this moment.
One of few reactions on the extreme volatility of US equity markets came from Susan Collins, head of the Boston Fed, who noted that “markets are continuing to function well” and that the Fed would be prepared to address chaotic conditions on the market, if needed. However, there is no indication that the Fed will react at this moment, and whether current developments will have any effect on their decision on rate cuts during the course of this year. The next FOMC meeting is scheduled for May 6-7th.
At this moment, the long term investors should not be worried, as this absurdity will come to pass one day, and US equities will continue to follow the growth of the US economy. Short term investors and traders will find this period of time as highly challenging. This sentiment will, unfortunately, continue for some time in the future, until the final tariffs-deal is set or dismissed.
Planning to short a little higher. I made a full pivot on my bear position while we were 6% down on the day into the end of last week, switching to long positioning at 5150 and adding a couple times once the first resis levels broke, now I'm starting to get ready to try to position short again into a move a little higher (5550 or so).
My bias at this point is fairly neutral. As a trader, it really doesn't matter which way the market goes. One could equally make the polarised case for us to trend up 1000 points or down 1000 points. Many people think I want to be a bear for the sake of being a bear, but those 1000 points pay the exact same. I'd opt for the one with no systemic risk.
After all, the money I make I keep in banks and brokerages. Nicer to know they'll be okay.
But markets are not a place for preference. Heading into 5550 is where we have another window of risk for the bear setup.
We took a large position (relative to typical exposure) betting 4% long on SPX at 5150 with 100 points stop. Banked on this for 300 points. With the added positions this was a bit over 15%. Basically, we made as much as a non leveraged long would make trading from the absolute low to a retest of the high.
Still currently have some light exposure betting on 5550 hitting.
If and when we get there, we'll cycle some of our long profits back to shorts. Even inside of a bull market case I could make a reasonable case for 5000 retesting.
And if we're actually inside a bear market, then we've just been through the eye of the storm.
Over the last few days I've not done much. Caught up on work outside the market (or related to work I do based on the market that isn't trading). Caught up on sleep (because I slept very rarely through March / early April).
Whatever way it goes, I think we're going to be back to being super active some time in the next few days.
For now, locking in the profits. Through this year the market has made over 50% worth of swings when you add them all up. We caught a lot of them. Covering multiple years of the standard expected gains for the style and low risk setting used. My priority is keeping that.
But I can see myself repositioning as a bear in the coming days.
I'm undecided of how deep a bear move I'd be targeting. But I do strongly suspect I'll be a short 5550 if it trades.
Do not panic. Let's look for opportunity.Don't panic. Let's try to find the opportunity here. Let this be a place free of fear p0rn.
Yes, we bounced, but as you can see - we bounced at a perfectly logical place.
IF we go lower, where MIGHT the bottom be? Where might we get a major bounce? Let's assume this is something "historic". What I have indicated in the chart would be a crash worse than COVID, but not AS BAD as the Global Financial Crisis.
Take the long-term support (going back to GFC) and extend it out. Take the PRE-COVID high and extend it out. This may be an important coordinate, and even if we touch either of the lines, I would expect some bounce.
Let's see how it plays out.
STICK TO YOUR STRATEGY. Don't panic!
Could the price bounce from here?S&P500 is falling towards the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 4,963.98
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 4,800.67
Why we like it:
There is a pullback support level.
Take profit: 5,158.53
Why we like it:
There is a pullback resistance level.
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SPX500 – Nailed the Drop, Now Time to Fly?We’ve been calling for a decline—and the market delivered exactly as forecasted.
✅ 100% accuracy on the previous moves.
Now the structure is shifting, and signs are pointing to a strong rebound.
Wave count, momentum, and price action all align for the next bullish leg.
Time to flip the script. See you on the other side. 📈
SPX Roadmap April 2025Similar to the 4Q18 fractal from Trump 1.0 The current one is of course bigger and better
S&P500 INDEX (#US500): Intraday Bullish ConfirmationAfter a breakout of a key horizontal resistance,
📈US50P retested this level and then formed an ascending triangle pattern on a 4-hour time frame.
A bullish breach of the triangle's neckline is a key confirmation of buyer strength and suggests potential for a price increase to at least 5,500.
us500 buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
Buy Low Sell High (Buy The Fine Dip)
When the market becomes "Cheap" it's time to buy. And when the market is in decline "Sell High, Buy Low". At this time we saw a lot of Institutional activity, they were positioning at the top, when the index was struggling to make new All Time Highs, which according to the Wyckoff theory, it signals a reversal. It happened way harder than anticipated. There was a tiny Dead Cat Bounce not long ago, followed by a flush in the market.
We reached the main trend line that was supported during the "COVID19 recession", the "FED's Soft Landing" and now the moment of truth, the "Tariffs & DOGE" period. If we compare the three critical moments in the market, we realize they all are the same size, 1,200 points. Let's go from there and assume the flush was the same and the support line holds. We have the ingredients for a dead cat bounce, taking the index back to 5,500, which will be another moment of truth. Will the short covering and the "buy the dip" mentality will be able to hold the levels and at least make the market pause the decline and best case scenario, consolidate? This will be answered if the index keeps above the 4,900 - 5,000-ish levels.
I don't see a change in the economic policies of this administration, which makes me think a decline will happen after this Dead Cat Bounce. In which case the markets may fall back to the 3,600 levels, which will be signaled if the main support line doesn't hold, then brace for impact. The interest rates are relatively high, the inflation is ticking up and the unemployment, after the layoffs and the DOGE purge is ticking up as well. I don't see a forced slow down in the interest rates since this would take us to a scenario of high inflation and low rates, similar to what happened during the late 70's during the "Stagflation" period where after the initial high inflation peak, lowering the interest rates only exacerbated the economy.
In the Weeks ahead we'll see the "Back to Normal" and the fanfares of a "quick recovery" in the markets, so I go long in the short term and wait for direction in the range.
Stock Market Dives into Correction? It Happens—Here's What to DoYou wake up, check your portfolio, and see a sea of red. The market’s down, your stocks are taking a nosedive, and CNBC is running apocalyptic headlines about an impending crash. Sounds familiar?
It’s maybe because we’re in (or super close to) a correction right now — the S&P 500 SP:SPX was down 10% from its record high two weeks ago and a lot of people are unsure what to do.
The truth of the matter is, stock market corrections are routine—not as often as the meeting that should’ve been an email, but also not as rare as a winning trade in the Japanese yen ( widow maker is real, yo ).
And, most importantly, they’re usually not as catastrophic as they feel in the moment.
So, before you hit the panic button (or worse, start revenge trading to “win it all back”), let’s talk about what’s shaking the market right now and how to navigate corrections like a pro.
🤔 First Things First: What’s a Correction?
A stock market correction is a drop of 10% or more from a recent high. It’s not a crash, it’s not the end of capitalism, and it’s definitely not a sign that you should liquidate your entire portfolio and move to a remote cabin in the woods.
Corrections happen regularly, typically once every year or two. They’re a natural part of market cycles, shaking out excessive speculation and resetting valuations to more reasonable levels.
For the record, a drop of 20% is considered a bear market.
🤝 Why the Market’s Getting Jittery
Markets don’t move in straight lines, and sometimes they hit turbulence. Lately, two big themes have been dominating headlines:
Trump’s Hard-Line Tariffs Hit Hard (And Markets Are Nervous About It)
If there’s anything Trump knows how to do is say things online or on-site and move markets. And his hostile and straight up combatant approach to handling international relations has sent traders scrambling to offload risk.
With hiked tariffs on China, Europe, and Mexico and Canada, businesses are bracing for severe supply chain disruptions, higher costs, and tighter margins. When tariffs go up, corporate earnings tend to go down—and the market doesn’t like that math.
Inflation Just Won’t Quit
The Federal Reserve spent most of the last two years trying to tame inflation, and just when it seemed like things were cooling off, it’s creeping back up. The latest readout of the personal consumption expenditures (PCE) report showed prices ticked up more than expected at 2.8% in February.
Higher inflation means the Fed might keep interest rates elevated for longer than expected, making borrowing more expensive and slowing down growth. Every new inflation release has investors guessing: Will the Fed cut rates, hold steady, or—worst case—hike again?
Between trade wars and stubborn inflation, uncertainty is running high, and that dynamics breeds volatility. But a correction doesn’t mean the market is broken—it just means sentiment has shifted.
⚠️ How NOT to React (aka: Rookie Mistakes to Avoid)
When corrections hit, bad decision-making is at an all-time high. Here’s what not to do:
Panic selling – Selling at the bottom is a classic rookie move. If you weren’t planning to sell at the highs, why dump everything when it’s down?
Trying to time the exact bottom – Good luck. Nobody, not even Warren Buffett, can catch the bottom (not that he’s trying). If you’re waiting for the “perfect” dip, you’ll likely miss the rebound.
Going all-in on one asset – Thinking of putting everything into one stock or crypto because it’s “cheap” now? Please don’t. Diversification exists for a reason .
Getting glued to financial news – Watching every market update during a correction is like doom-scrolling Google after a mild headache—you’ll only freak yourself out more.
Now that we’ve covered what not to do, let’s focus on the smart plays.
💪 So, What Should You Do?
If you want to come out of a correction with your sanity (and portfolio) intact, here’s your game plan:
1️⃣ Zoom Out—Corrections Are Temporary
The market moves in cycles, and corrections are just part of the game. Historically, corrections last a few months, while bull markets last years. If you’re investing for the long term, a correction is a blip on the chart, not an extinction event.
2️⃣ Review Your Portfolio Like a Hedge Fund Manager
Corrections are a great excuse to audit your holdings. Ask yourself:
Is this stock/ETF/index still worth holding?
Has anything fundamentally changed, or is this just temporary market noise?
Do I have too much exposure to one sector?
Think of it as spring cleaning for your investments. It's also an opportunity to make some good use of the handy Stock Screener or Stock Heatmap to spot the best (and worst) performers. If something was a FOMO buy and doesn’t belong in your portfolio, consider trimming it.
3️⃣ Buy Selectively, Not Blindly
Corrections create opportunities, but that doesn’t mean you should just throw money at every stock that’s down. Some companies deserve their declines ( looking at you, Nikola )—others are just collateral damage in a broader selloff.
Look for quality companies with strong earnings, manageable debt, and real growth potential. If they were solid before the correction, they’ll likely recover faster than the overhyped names.
Example: Remember when Amazon stock NASDAQ:AMZN tanked 90% in 2000, the dot-com bubble? No, because you were too busy being 2 years old instead of loading up on Jeff Bezos’s dream. And look where the guy’s now.
4️⃣ Do Some Good Old DCA
Instead of dumping all your cash into the market at once, use dollar-cost averaging (DCA). Buying in small increments at regular intervals helps you avoid the stress of trying to time the bottom. If prices drop further, you can buy more at an even better price.
5️⃣ Keep Emotions in Check
Corrections test your patience and discipline. The best investors don’t let fear dictate their strategy. If you’re getting emotional about your trades, step away from the screen and take a breath. The market will be there when you come back.
👍 The Market Always Bounces Back—Eventually
Every correction feels like the worst one while it’s happening. But let’s look at history:
The S&P 500 has faced 30+ corrections since 1950. It survived them all.
The average correction lasts four months before a recovery begins.
After a correction, markets typically rally higher within a year.
Unless you believe the global economy is permanently broken (hint: not yet, at least), every major downturn has eventually turned into a new bull run.
🦸♂ Final Thought: Be the Hero, Not the Victim
Market corrections separate the professionals from the wannabes. The people who panic and sell at the bottom? They usually regret it. The ones who keep a level head, stick to their strategy, and take advantage of good opportunities? They come out stronger.
And finally, if you need to take away one thing it’s this: Corrections aren’t the enemy. They’re the price of admission for long-term gains.
👉 Let’s hear it from you!
How do you handle corrections, what’s your strategy when the market is in a downturn and what’s in your portfolio then? Share your experience in the comment section!
SP500 may have already hit the low In the video I have shown an interesting relationship between past crashes on SP500 which shows we might have already hit the low are very close to it before we start next major rally.
Note: Even though the relationship I have shown holds true so far doesn't Guarantee it will in future as well as all patterns no matter how convincing get invalidated at some point.
Modified Count to Reflect Recent DeclineIn truth, the levels we're seeing this morning when the SPX cash market opens, I was not anticipating seeing till the 3rd quarter of this year. Mid last week, we had positive MACD divergences on the intraday charts and was setting up to be almost a textbook bottom.
Nonetheless, the SPX cash market will not hold the must hold zone when it opens this morning. This means we will get a retracement higher in a minor wave B that should last some time. This will represent one the final opportunities traders will have to relieve themselves of excess portfolio leverage and risk.
We very well may spend the summer months retracing higher...but there is no doubt some of you reading this will assume this will result in the resumption of the previous bull market.
It will not be.
25-04-11 SPX 5363.36 - Move up, Move downSPX with nice structure EW 1-5, now A reached.
Now in wave B with target 5500-5600 USD.
A-B-C completed when C reached, around 4600 USD.
Maybe only 5000 USD, who knows exact, what and when Mr. Trump will say.
S&P500 Still a Short: Be mindful of Alternate CountI discuss how the additional wave up could have a larger implication on the entire outlook of S&P500 and could cause a re-labelling of the entire wave structure. What we want to see in order to keep our primary count, is a breakdown below the low of where I plotted wave 1 of C. That is, below 5119.8.
But no matter the primary count or the alternate count, it is still a short opportunity. But there is an implication on the Take Profit target.
SPX Elliott Wave Count AnalysisJust dropping a multi-timeframe breakdown of my current EW thesis for SPX, starting from the macro and drilling down to now.
Big Picture (3M View):
We’re still grinding through Grand Super Cycle Wave 3 (GSCW3) that I have starting in the 1932 low till now.
Scoped in look at Super Cycle W4(SCW4)
Super Cycle Wave 4 (SCW4) wrapped up around the ‘08-‘09 housing crash lows. Since then, we’ve been in SCW5, and based on current structure, I believe we’re still early or mid-stage, not near the end.
Zoom-In: SCW5 to Present (Cycle Degree Breakdown):
From the 2009 lows, price action carved out a textbook impulsive structure into what I’m labeling as Cycle Wave 1 (CW1), which likely topped out ~Dec 2024.
The correction that followed has the characteristics of an Expanded Flat:
A-B-C structure where Wave C just completed around April 7th.
This structure, in my view, forms Wave W of a potential WXY complex for CW2.
Now we’re either in:
The early stages of Wave X, targeting the 0.618 retracement zone of W (marked on the chart),
Or, X has already completed in a shorter move.
Alt (Low-Probability) Scenario:
There’s a slim case that the ABC (now W) correction was all of CW2 — given how it wicked into a deep, low-probability Fib zone (gray box).
If we get a clear impulsive move above that 0.618 area, I’ll pay closer attention to this alt — but for now, I’m leaning toward more downside after this X-wave finishes (if it hasn't already).
EW interpretations evolve, but this is my current working roadmap
S&P 500 Short: Break of trendline for wave 3 of C downAs explained in the video, we are in wave 3 of C down and I expect that we will make a new low. Good luck!
