Weekly Outlook - SPX 10-22-23
Weekly Chart:
We gapped up last week only to trade near last week's high and into the W-FVG(MT). Price failed to continue the move up. We are down for the month and this week's candle has opened inside of last week's candle. Staying bearish for now with last week's low at risk PWL and 10/2-10/6 PWL as well. Getting a bullish short term move into the last up close candle would be where I'm looking for setup unless we go after the PWL first.
Weekly Chart:
Daily Chart:
Opened to the upside is likely my short term bias and I'm okay with seeing prince move into the D-FVG above Friday's PDH. However, just given the proximity oof Friday/PWL (previous week low) this is the first place at risk to be taken out. 10/4 is holding the next PWL target if Friday's PWL is taken out.
Daily Chart:
4H Chart:
As we push up short term, I'll be looking to see how price pushing and if we reach into this 4H-OB during the over night sessions. That will be my first POI to determine how we setup Monday morning. We don't have a swing low from the weekly to the 4H so far so this still plays into this pushing to the downside a bit more.
4H Chart:
1H Chart:
Short term focus will be how we move, if we move into this 1H-FVG, take out the +LP above Friday's closing session high, or if we move immediately after the PWL. Overall I'll be paying attention to the short term move but looking to see if I can get into a HTF setup.
1H Chart:
We gapped up last week only to trade near last week's high and into the W-FVG(MT). Price failed to continue the move up. We are down for the month and this week's candle has opened inside of last week's candle. Staying bearish for now with last week's low at risk PWL and 10/2-10/6 PWL as well. Getting a bullish short term move into the last up close candle would be where I'm looking for setup unless we go after the PWL first.
Weekly Chart:
Daily Chart:
Opened to the upside is likely my short term bias and I'm okay with seeing prince move into the D-FVG above Friday's PDH. However, just given the proximity oof Friday/PWL (previous week low) this is the first place at risk to be taken out. 10/4 is holding the next PWL target if Friday's PWL is taken out.
Daily Chart:
4H Chart:
As we push up short term, I'll be looking to see how price pushing and if we reach into this 4H-OB during the over night sessions. That will be my first POI to determine how we setup Monday morning. We don't have a swing low from the weekly to the 4H so far so this still plays into this pushing to the downside a bit more.
4H Chart:
1H Chart:
Short term focus will be how we move, if we move into this 1H-FVG, take out the +LP above Friday's closing session high, or if we move immediately after the PWL. Overall I'll be paying attention to the short term move but looking to see if I can get into a HTF setup.
1H Chart:
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