SPX pathway going into tomorrow
If the price will gap down from the open, I expect the price to hit low 39 hundred.
The a rally into the FED speech, where more volatility is expected.
All day today the price stopped at 10EMA on 1h, not a bullish sign
Its a panic cycle day, a move, explanation below:
- Given their abrupt or dramatic nature, panic cycles do not necessarily reflect changes in trend or a new high or low—they tend to align to short-term moves or temporary corrections.
- A relatively fast, one-way price move, either exceeding a previous high or penetrating a previous low, but not both.
My pathway for tomorrow is:
- open (gap down) and test low 3900
- rally back to 3970-80SPX (important to hold on any test)
- strong sell after Powell opens his mouth
Im expecting bottom on Dec 1st.
Also tomorrow can produce a very strong selling (if happens, then only after Powell speaking) and it should follow through into the next day.
Ideally we retrace all the way to Oct 13th low, it will be a huge buy for a rally back to 3850+ at min by Dec 5-6th.
The low is expected by Dec OPEX.
The cycles might get inverted, so tomorrow's move will be important to determine a low or a high by Dec OPEX
Tomorrow (again IF we start breaking down hard) must close below 3906SPX for a double reversal confirmation.
That close will confirm the move down to test 3744-50SPX
Resistance is at 3975-80, 4001-10.50, then gap fill and 4037-45SPX, closing above will produce a next target 4120SPX
I might be tweeting my trades life tomorrow
Have a good night
The a rally into the FED speech, where more volatility is expected.
All day today the price stopped at 10EMA on 1h, not a bullish sign
Its a panic cycle day, a move, explanation below:
- Given their abrupt or dramatic nature, panic cycles do not necessarily reflect changes in trend or a new high or low—they tend to align to short-term moves or temporary corrections.
- A relatively fast, one-way price move, either exceeding a previous high or penetrating a previous low, but not both.
My pathway for tomorrow is:
- open (gap down) and test low 3900
- rally back to 3970-80SPX (important to hold on any test)
- strong sell after Powell opens his mouth
Im expecting bottom on Dec 1st.
Also tomorrow can produce a very strong selling (if happens, then only after Powell speaking) and it should follow through into the next day.
Ideally we retrace all the way to Oct 13th low, it will be a huge buy for a rally back to 3850+ at min by Dec 5-6th.
The low is expected by Dec OPEX.
The cycles might get inverted, so tomorrow's move will be important to determine a low or a high by Dec OPEX
Tomorrow (again IF we start breaking down hard) must close below 3906SPX for a double reversal confirmation.
That close will confirm the move down to test 3744-50SPX
Resistance is at 3975-80, 4001-10.50, then gap fill and 4037-45SPX, closing above will produce a next target 4120SPX
I might be tweeting my trades life tomorrow
Have a good night
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