Exploring the S&P500: Decoding the Market Maker-Here's my quad chart analysis of ES1!, the S&P500 futures index, displaying striking accuracy with Fibonacci retracements.
-The top two boxes present micro charts on daily tf's, showing recent Fibonacci-based peaks and troughs. The bottom two are weekly schematics on 3 Day tf's, revealing longer-term trends obediently following Fib levels.
-KEEP IN MIND THE BOTTOM TWO "WEEKLY" ARE ACTUALLY 3 DAY CHARTS MAPPING A WEEKLY SCHEMATIC
-This alignment suggests the Market Maker's playful maneuvers before an anticipated significant move. Based on the patterns, I hypothesize a considerable downtrend on the horizon for the S&P Futures Index (ES1!).
-Remember, market predictions aren't set in stone and require vigilance. However... dump city here we come.
SNP
The History of the Stock Market: Path of Orwellian ControlThe History of Modern Humanity is flawed. A lie is a better word. Our history starts with the S&P being formed in 1870. We then have the Invention of the Telephone and the lightbulb a few years later... (What a Coincidence)
We see the impossible to construct Worlds Fairs Buildings of 1883 knocked down and our history rewritten. The Market has been turned into a weapon. In fact it has always been a weapon. "New inventions every few years when the time is right" to keep the market on its feet and the people under control.
SPX 500 (ES) Bearish and Bullish OpportunitiesThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
CPI, DXY, VIX Down. Stocks Up! Blowoff Top Underway!Traders,
The big news this week was that inflation is now just under 3 percent! This is hugely bullish as any further certainty as to what actions the FED will take in the future only aids in investing confidence. Along with this news, we will cover the dollar decline, VIX 2-year low levels, and stocks beginning to break out even further, confirming my long-held blowoff top theory.
00:00 - CPI, FED rates, Unemployment Rate, DXY, VIX
10:00 - Bitcoin and Crypto
Combined US Indexes stick sandwichedQuick review... The combined charts appears to be giving a very clear heads up - with a candlestick sandwich !
Together with falling volumes, or in this case a falling VolDiv indicator, once the two red lines are broken, it is going way down, probably close to 600.
MACD is also supporting a weakening rally that is long in the tooth.
A storm is brewing... you know how you can smell it before you see it? That's where we are now, I think.
S&P500 Crash: Trillions Vaporized in Titanic Fed-Inflated BubbleThe S&P 500 is facing a significant correction due to the potential bursting of the Federal Reserve's asset bubble, which is currently driving its artificially inflated values. Amidst signs of overheating markets, soaring valuations, and unsustainable monetary policies, the equity market is on the brink of a major downturn.
The 2008 financial crisis, a debacle of epic proportions, wreaked havoc on a worldwide scale, decimating trillions of dollars in wealth. Subsequently, the COVID-19 pandemic, an unanticipated black swan event, exacerbated the situation, warranting an even more vigorous response from monetary authorities.
To offset these crises' debilitating effects, the Federal Reserve rapidly escalated its balance sheet from a figure shy of $1 trillion in 2008 to a staggering excess of $8 trillion by 2021. This monumental expansion was effected primarily via the purchase of government securities and other asset classes, essentially serving as the economic bellows to reignite the embers of the economy and replenish market confidence.
My prediction lies at the levels waiting beneath us including the 2.618, 4.236, 6.854, and 11.09....
A notable Fibonacci cluster is at 2,400... onky time will tell.
SG10Y Govt Bond and SPY relationship Part VI - Bear for EquitiesAs mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or so.
Enough said,
pattern recognition checked,
trend correlation checked,
projection based on hypothesis checked...
now the rubber hits the road.
Not expecting any deviation from the correlation, so is very likely that equities should be tipping over in a bearish slide.
HEADS UP!
ES (SPX500) Short-Term Bullish Expectation/AnalysisThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
[SnP 500] WarningFrom a technical point of view, the SPX is in a rising wedge pattern with bearish divergences on the indicators and a FIBO retracement near 61.8%.
From a macro point of view, it should be remembered that all inflationary shocks have always caused a recession, the warning signs of which are bank failures (Silvergate Bank, Silicon Valley Bank, Signature Bank, First Republic Bank and soon PacWest).
In the short term, the market drop will surely be triggered by the US debt crisis.
ES Short-Term Bullish AnalysisThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels.
I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy, which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
TIP off?Overlayed the TIP a chart with SPY (blue line). Quite clear that TIP (amongst JNK/HYG and even copper) precedes the index.
Given all previous analyses and outlook, what we would like to see is that TIP break out and above its trend line resistance, as does its VolDiv. When this happens, can expect a bullish advancement.
MACD has not yet turned to crossover, but VolDiv is already giving us a heads up tip off! < Pun not intended >
Combined US market analysis - Going UP!From the combined weekly chart, it appears that the indices are bullish and on the way up.
1. Tested, bounced off and broke above the Fake Out Lines;
2. Last week's candle is obviously bullish with momentum
3. MACD and VolDiv are both supportive of bullish upside
4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over the next 2-3 weeks.
5. Closed at the highest point for 2023 last week
Taken together, there is enough bullish momentum to push forth and upwards.
Bullish above last month HIGH Buy signal still valid SPX SPY SNPWith all the Doom & Gloom regarding recession worries we liked our idea even more so into Q1 close last month.
So far so good however we are still very early in Q2.
We remain bullish above last months high (March 2023)
Seeking Pips will be managing our positions on the Weekly and Daily charts.
We also note that the current price is also in a key Fib retracement zone to SELL SPX on the monthly chart so we will not be surprised to see another pullback, again we would consider adding to our core position if this happens and volatility is right.
Our Bull & Bear price level is clear and as long as we above it we want to be buyers only.
A failure of March 2023 Low we would have to revaluate our current thesis.
Happy trading have a GREAT WEEK.!
===============================================================
SUBSCRIBE TO OUR CHANNEL & FOLLOW THIS TRADE IDEA FOR UPDATES.
Combined US market analysiswhile the NASDAQ leads and is super bullish, the S&P500 lags a little...
So, took the combined chart and realized that previously had done some longer term analysis.
You can see the marked target which was done the last time I looked at this in March 2023, before posting the related posts.
Now, to play the sceptic... watch the fake out lines.
ES1! SPX500USD 2023 MAR 27
ES1! SPX500USD 2023 MAR 27
I won't be trading till the new month starts.
Keep profits and rest if target has been reached, and also
chart is messy at the moment.
Can't imagine a new quarter is starting soon!
Scenario Planning:
1) Possible short if market tests previous rotation area
(grey box)
Volume Analysis:
Weekly: Ave vol up bar close off high = possible weakness
= Supply remains
Daily: Mark up on lower volume = possible buyer's trap
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4082 3928
3788 3502-3580
Remember to like and follow if you find this useful.
Have a profitable trading week.
NASDAQ - the candlestick that broke its backThe NASDAQ (and other indices like the SPY/SPX) appears to have what I would call the decisive candlestick(s).
For the NASDAQ, it appeared ready to break out and then it epic failed with a long tailed dark cloud cover type of candle. Speaks so much to say that it is heading down. IF it is as expected, then we should see a break down below the red box (outlined yellow), the break down area. This are holds a number of supports and breaking down below should see it pushed to 11750 support area around mid-April.
IF this is a wrong technical read, then 13,000 shoudl be easily attained and maintained. At this point, I do not see that happening, if at all.
Still early in the down draft, so technical indicators are not yet aligned.
Note to add...
SPY's candlestick closed the gap as well!
ES1! SPX500USD 2023 MAR 20
ES1! SPX500USD 2023 MAR 20
No trade for SnP last week since levels not reached.
Scenario Planning:
1) Trades will be guided by the channel
2) Long on support and accept of 3788 // 3893
Volume Analysis:
Weekly: High vol up bar close above middle = demand
Daily: No Supply ave vol down bar
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928
3788 3502-3580
Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P500 / SPY up for a good bounceHere is what I see and why I think the S&P500 is due for a good bounce...
From the weekly chart,
1. The candlestick pattern is a rather bullish one. The candlestick itself from last week is beautifully bullish.
2. Last week's candle bounced off a very critical meeting point - 23EMA, trend line retest, a higher low, and a possible pivot of a triangle.
3. The VolDiv has crossed over. MACD did so too, and moderated a bit, so now waiting for more upside to pushing the alignment.
4. TIP, TLT, JNK leading indicators are also indicative of bullish upside.
5. USD is looking precarious to tip over and retrace. This bodes well for bullish upside.
One more condition needed... to close the weekly candle gap, and close the week decisively above 410.
One caveat is that a sudden turn of events, which at this point is not likely IMHO. Perhaps from May 2023...
all the best!
ES1! SPX500USD 2023 FEB 20
ES1! SPX500USD 2023 FEB 20
Scenario1 rotation play yielded 120pts gain
for week of 13 Feb.
Scenario Planning:
1) Rotational play = trade at boundary of 4175-4061 zone
2) Short on test and reject of 4094-4048 zone
Volume Analysis:
Weekly: Ave vol down bar close off low = minor demand
Daily: Ave vol up bar close toward high = Minor demand
H4: Ave vol up bar close toward high = minor demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4061-4048 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
HI EVERYONE!Cobra here!
Friday's report was quite neutral. The markets did not react much, but they closed with a fall. Let's take a brief look at the current situation:
The index is getting closer to its old GAP, which I wrote about a long time ago and said that it would be closed last. If there will be no additional bad news on the market, the gap will be closed, and then it can continue further downtrend. On Friday the dollar index DXY gave a good candle up, before the markets closed.
You can read next posts about crypto!
ES1! SPX500USD 2023 FEB 06ES1! SPX500USD 2023 FEB 06
Last week's Scenario1 short and breakout trade
both offers TP of 50pts each.
Market is back into supply zone (circled), 3 TFs
showing supply coming in. Temporary short
opportunity may arise if market moves up on lower
volume and narrow spread.
Scenario Planning:
1) Short if 4209-4175 is resisted
2) Long on support and acceptance at 4094-4048 level when
breakout level is tested.
Volume Analysis:
Weekly: High vol up bar close off high = supply coming in
Daily: Higher vol down bar, possible 2BR formation = supply coming in
H4: High vol down bar close at low (UT) = S>D. If up bar(s) after this
is narrow spread and low volume, we may have a temporary
short opportunity
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.