Es1
S&P500: One last pull back is possible before a new High.The S&P500 is pulling back following yesterday's July 4th holiday and seems to have reached a temporary top similar to May 1st. That was nearly a 1 month consolidation phase, which after testing the 1D MA50, it initiated the new bullish phase. Technically that was also the Higher Low of the four month Channel Up pattern.
The 1D technicals remain bullish (RSI = 67.005, MACD = 54.870, ADX = 30.096) and as long as they do, buying is favored. We expect this short term correction to test the S1 (4,330) and then rebound, which we will buy, to the R1 (TP = 4,500), which was the April 21st 2022 High.
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SP500 is it not yet “bottomed”?! I don’t have answer! 23/Dec/22.SP500. is it bottomed or not yet bottomed? I don’t know. I only know where is my stop lost level..Asked And find answer from Mr. Market. They said treat trading like doing business = maybe in Money management might be correct but not all. E.g ..Don’t never ever try “ not compromised/manipulating” with your client / supplier as you did with Mr. Market. You always got to “succumb “cut Lost” /compromised” to Mr. Market as he is always “right”..So don’t think “ you are the boss” when you are dealing with Mr. Market...AND be honest with ourselves. no shortcut/ no hanky panky trying outsmart with your client/suppliers/ which is Mr. Market..
MarketBreakdown | Dollar Index, USDCHF, S&P500 Index, AUDJPY
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ Dollar Index (DXY) daily time frame 💲
The Index broke and closed above a resistance line of a falling expanding wedge pattern.
It was retested on Friday.
Probabilities are high, that a bullish movement will initiate from a broken trend line soon.
2️⃣USDCHF daily time frame 🇺🇸🇨🇭
The pair keeps consolidating. The market is stuck within a horizontal range.
For now, the plan is to wait for a breakout of one of its boundaries.
A bearish breakout of the support of the range will trigger a strong selloff,
while a bullish breakout will be an important bullish signal.
3️⃣ S&P500 Index (SPY) daily time frame 💲
The market is currently testing a local daily high.
If the price violates and closes above that, it will be a strong bullish signal.
A bullish continuation will be expected then.
4️⃣ AUDJPY daily time frame 🇦🇺🇯🇵
The pair is trading in a long-term bullish trend.
After the price set the last high, a correctional movement started.
The pair formed a falling wedge pattern.
Its resistance was broken last week.
I believe that a trend-following movement will initiate soon.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
SPY Analysis SPY 65m: An acute SPY study shared with peers was used to example the weekly movement of SPY. SPY vs ES was used as a benchmark for S&P Cash Index due to intraday activity (as of recent). Using the 65m horizon, key inflection points were identified using market structure and regression analysis.
Session highs for the index ending the week and quarter and marking a new yearly high with current price for SPY trading at 443.28 at the end of session. With July historically associated as a risk on period for the market, longer term bias for neutral-bullish remains (please seek 6WK study for ES1).
Forward looking (on acute horizon), fibonacci analysis was applied to current structure being developed during price rediscovery and confidence of character being developed where key levels are: 444.30 (HOD), 443.99, 443.62, *443.09*, *442.71*, 441.91, 441.11
*Prices of higher interest using fibonacci application
Bias: Neutral to risk on
ATR: 4.27
Price at time of publish: 443.28 (amc)
S&P 500: Winter Is Here But Spring Is ComingDear friends.
2022 was a tough year for the market with the Fed putting a hold to the tremendous inflow of capital on the markets and reversing its damage after being confronted by record inflation. The Fed did a good job by acting fast and decisive (something other central banks did not or could not do) it resulted in a USD bull market and a bear market for risk on assets.
Now, we are in a different ball game, the DXY has topped, CPI is coming down and massive lay offs are announced by multiple public traded corporations across the globe. This will cool down the labour market and will further bring down CPI - yet, it will lag, thus expect the jobless claims to rise in 2023. The last big factor is that oil is coming down, due to less demand and the China lockdowns are a helping hand as well - yet, we need to keep a close on how the Russian oil sanctions will influence the oil price (see my latest analysis).
If we look at the SPX, we see we have finished our 5th impulse wave down and set in a bullish divergence on the Money Flow Index (MFI) with a lower low in price and a higher low on the MFI. Furthermore, most of the sellers have jumped ship as seen in the lower volumes traded. Yet again, I want point out that this is a retail chart, institutions don't use OANDA - sorry OANDA. Thus, we see little volume at the lows but I bet the big players and especially market makers and LP's have been sweeping the lows.
The overall sentiment is mega bearish and put to call ratio has hit levels not seen since the early 2000's, it was around 1.40 yesterday. With the end of the year in sight and a huge options expiration, I don't think options dealers plan on bringing their traders a happy Christmas time. Max pain is up and a very bullish sign would be if we can set a higher high by spring. Tradingview will likely explode with bullish by then, but they'll be too late.
For crypto I expect a similar pathway. Bitcoin put options have been popular these last months and max pain for the end of the year is currently sitting around 19-20K. Crypto will need more time to get out of trouble especially with the chaos that is currently unfolding - yet again, I flipped net long since the last drop towards 15K with the majority of my capital invested in fundamentally strong alts. If you like to know which alts, please refer to the links below.
Bring on the FUD and the market will bring the pain.
Have a good weekend.
😀APPLE SAYS, 'HELLO, INDIA', as First India Stores Are LaunchedHello once again TradingViewers, and Welcome Aboard 💖
"The stars are aligned"
✨That is what tech pundits and insiders like to say on Apple’s first retail stores in India which will open in Mumbai and Delhi earlier in April, 2023, a move that would get the Cupertino-based company closer to the market with one of the youngest populations in the world.
✨As India’s economy is expected to have solid growth, with its 1.4 billion population, combined with the market’s increasing appetite for high-end smartphones, Apple is seeking to thrive in a market that offers many untapped opportunities for brands like it.
Apple has launched its first stores in India in Mumbai and Delhi.
✨ The Mumbai store will cover well over 22,000 square feet inside the Jio World Drive Mall, an upscale mall owned by India’s richest man Mukesh Ambani.
✨The retail outlet is a beautiful one, featuring a triangular handcrafted timber ceiling that extends beyond the glass façade to the underside of the exterior canopy.
✨ According to Apple, each tile is made from 408 pieces of timber, forming 31 modules per tile with a total of 1,000 tiles that make up the ceiling.
✨ In fact, there are over 450,000 individual timber elements, all of which were assembled in Delhi.
The Store
✨The flagship store, just like Apple’s other retail stores in key locations including Dubai and London, will be a cross between a retail store and an education centre, which Apple calls a "Town Square".
✨Just as with its other flagship locations, Apple’s stores in India will include the new Genius Grove, which is essentially a redesigned Genius Bar, as well as a new in-store experience called "Today at Apple".
✨Apple will also begin offering educational workshops and events, including sessions for photography, music, gaming, and app development.
✨Apple is known for maintaining a tight grip on the sales and distribution of its products. The company operates over 500 directly run stores globally. Until now, consumers in India had to buy iPhones, iPads, and Macs through resellers, online, or when on a trip abroad.
Things to consider
✨ Gaining a foothold in India gives brands like Apple access to a broader customer base.
✨ 65 per cent of Indians are under 35 years old.
✨ Technically, Apple stocks stay firmly above 5-years SMA, as well as above major Bullish multi-year trend
✨ Apple stocks are 30 per cent YTD, and seems are ready for further price action, as key breakout of Head and Shoulders Chart Pattern is happening right now.
Soft PCE Adding to the Window Dressing Push UpS&P 500 INDEX MODEL TRADING PLANS for FRI. 06/30
The choppy trading for the last week or so appears now resolved to the upside with the soft PCE numbers released this morning. This appears fueling the typical quarter-end window dressing by funds, resulting in the path of least resistance being to the upside. Cover any open shorts and avoid going short - next week's holiday-shortened week could add more spikes to the upside to hit any stops on the shorts.
The previously stated resistance level of 4400-4410 is now the support level. Do not be short while above these levels. With a quarter-point rate hike next week a given, the FOMC meeting next week might become a non-event unless Powell delivers a shocking surprise (which is very unlikely). Hence, this spike up has a potential to turn into the next leg of the bull.
Positional Trading Models: Our positional models' were short at 4350 with a stop at 4416, which was hit this morning for a loss of 66 points. Models are now flat and indicate remaining flat into the weekend.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4442, 4423, 4400, or 4391 with a 9-point trailing stop, and going short on a break below 4437 or 4388 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4418 or 4396. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:16am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #fomc, #fed, #pce, #softpce
Nasdaq 4hour say=if low not break, 16000 is target as predicted before, Nasdaq is in up trend ( new up trend can start soon) ,,, on bad news if low break 14200 is down target
advice= 90% looking for buy , when you see buy Pinbar on 1h,4h,daily chart, don't fear pick buy with SL in pinbar low
if you have old sells, you must hedge them now
wish you win
S&P500 Holding the 4hour MA50 is criticalS&P500 / US500 crossed back over the 4hour MA50 and so far today is holding it.
For this level to stay as Support is critical as a 4hour candle close under it can delay the uptrend and send it to the 4hour MA200, 1day MA50 near the Rising Support.
In that case sell and target 4300.
As long as the 4hour MA50 holds, be bullish and target Resistance A at 4500.
The 4hour MACD is on a Bullish Cross, favoring a buy.
Previous chart:
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S&P 500, 6/29/23For Thursday, 4426.75 can contain session strength, 4341.25 in reach and able to contain session weakness. A settlement today below 4341.25 signals 4263.00 - 4284.00 by the end of next week, where the market can bottom out on a weekly basis - possibly through July activity.
Upside Thursday, closing above 4426.75 signals a good low through next week, the 4530.50 formation then expected over that time horizon, able to contain buying through next week and the level to settle above for yielding the more meaningful 4616.50 over the following 1-2 weeks, where the market can top out through Q3.
S&P500 Short term sell signalS&P500 is pulling back after the March Channel Up topped on an overbought RSI (1d).
The MA50 (1d) has been intact since March 29th and is the support of this strong uptrend.
Trading Plan:
1. Sell on the current market price and/ or the June 16th High.
2. Buy on the bottom of the Channel Up at 4310.
3. Sell if the price closes a (1d) candle under the MA50 (1d).
Targets:
1. 4310 (bottom of the Chanenl Up).
2. 4640 (Resistance 2).
3. 4110 (bottom of the long term Channel Up).
Tips:
1. The RSI (1d) is on a Channel Up indicating that the momentum on a 3 month basis remains bullish. If it breaks below, it will confirm the sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Markets Awaiting the PCE and FOMC – Day 3S&P 500 INDEX MODEL TRADING PLANS for WED. 06/28
Our models indicate choppy trading with no directional momentum until PCE release later this week. Depending on the number, it may bring inflation and interest rates back onto the market radar, with downside pressure added on the markets, which could crescendo into the FOMC meeting next week.
In our trading plans for Fri. 06/16, we wrote: "The spectacular bull run of the last few weeks fueled by speculation around the Fed policies and, possibly, an epic short squeeze, could be consolidating in the week ahead". It appears gaining traction with Powell's comments about inflation and interest rates since then.
The index slightly consolidated downwards from 4409.59 from the close on Thursday, 06/15 to the close of 4381.89 Thursday, 06/22. Our models indicated 4315-4325 as the next support level, which was tested within next few days and the market rebounded from there. 4400-4410 is the resistance level, below which the bias is choppy at best.
Positional Trading Models: Our positional models went short on the break below 4350 on Friday, with a hard stop at 4406. For today, models indicate carrying the short, with the hard stop updated to 4416 and a take-profit instituted at 4325. If the short is closed out through one of these exits, models indicate staying flat until indicated otherwise.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4380, 4373, 4363, or 4351 with a 9-point trailing stop, and going short on a break below 4377, 4370, 4360, or 4348 with a 9-point trailing stop.
Models indicate no explicit exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:01am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #speech
TUE. 06/27 Markets Awaiting the PCE and FOMC - Day 2S&P 500 INDEX MODEL TRADING PLANS for TUE. 06/27
Our models indicate choppy trading with no directional momentum until PCE release later this week. Depending on the number, it may bring inflation and interest rates back onto the market radar, with downside pressure added on the markets, which could crescendo into the FOMC meeting next week.
In our trading plans for Fri. 06/16, we wrote: "The spectacular bull run of the last few weeks fueled by speculation around the Fed policies and, possibly, an epic short squeeze, could be consolidating in the week ahead". This has played out as anticipated with yesterday's consolidation. It appears gaining traction with Powell's comments about inflation and interest rates this morning.
The index slightly consolidated downwards from 4409.59 from the close on Thursday, 06/15 to the close of 4381.89 Thursday, 06/22. Our models indicate 4315-4325 as the next support level, which might be tested in the coming days.
Positional Trading Models: Our positional models went short on the break below 4350 on Friday, with a hard stop at 4406. For today, models indicate a profit take on a break above 4324. If the short is closed, models indicate going short again on a break below 4320, with a trailing stop of 12 points.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4373, 4366, 4343, or 4324 with a 9-point trailing stop, and going short on a break below 4370, 4360, 4339, or 4321 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4370, and explicit short exits on a break above 4363. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:45am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #fomc, #fed, #fedspeak, #speech
S&P500: First buy conditions following the top are emerging.The S&P500 is close to a -2.89% pull back, same as the April 26th, with the 1D technicals turning neutral (RSI = 56.566, MACD = 43.450, ADX = 27.595) for the first time since June 1st. This is a standard technical pull back inside the March Channel Up that is aiming at the bottom of the Channel and the 1D MA50, which is untouched since May 4th.
We will use both 4,330 and 4,270 for a double buy entry, targeting the R1 (TP = 4,500). Pay attention also at how the 1D RSI is on the HL trendline since March, an additional buy signal.
Prior idea:
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S&P 500, 6/27/23For Tuesday, 4430.75 can contain session strength, 4326.25 in reach and able to contain session weakness.
A settlement today below 4326.25 signals 4263.00-4273.25 by the end of next week or sooner, where the market can bottom out on a weekly basis - possibly through July activity.
Upside Tuesday, closing above 4430.75 signals a good low for the week, the 4519.75 formation then expected within 3-5 days, able to contain buying through next week and below which 4273.25 is attainable over the next several weeks.
Inversely, a daily settlement above 4519.75 will keep the longer-term objective at 4616.50 in reach over the next 1-2 weeks, where the market can top out through Q3 and a meaningful upside continuation point over the same timeframe.