SPX500USD - Positioning for 2022
Updated
The Virus had set the stock cycle quite accurate in the last 2 years.
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
Note
SPX500USD printed a swing low today.
The 1.000.000 $ question will it hold by the close?
There is still a possibility that the market sells off by the close …
Note
Swing low in place.Trade closed manually
The daily cycle is quite mature this is the maximum we are going to get , I’m closing this idea.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.