Incoming months for S&P500A mid-year check of the S&P500 futures ES1! show an uncanny resemblance to the beginning of 2008. This has been reiterated by many already over the recent months, and it appears to continue as outlined by others too.
In the monthly log chart, there is an eerie resemblance that might bring the S&P500 to 2600-2800 levels, if by a similar magnitude to 2008-2009.
Market conditions are different, but even on a longer term monthly chart, you see the uncanny comparison.
Do not know what to make out of this, but on a probability basis, only two major outcomes...
First, is that it would follow similarly, hence 2600-2800 becomes a reality.
Second, it would break the pattern, and this would take something rather extraordinary to trigger it.
Either way, in the coming months, we can be expecting a single or a series of extraordinary events that would put the above two outcome scenarios in play... watch for it!
SNP
ES1! SPX500USD 2022 JUNE 06 Week
ES1! SPX500USD 2022 JUNE 06 Week
Last week market rotated between 4071-4204. No resolution
between Supply and Demand has been reached. Will wait for
early week to see if any market direction will emerge from it.
Possible Scenarios are considered:
1) Market rotates between 4204-4071 = wait
2) 4204 becomes support for long
3 4071 becomes resistance for short
Weekly: Ave volume down bar close off low = minor strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4303
4204 4071 3943
3902 3855 3720
*3913-4000 (previous high demand area)
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Have a profitable trading week.
ES1! SPX500USD 2022 MAY 30 Week
ES1! SPX500USD 2022 MAY 30 Week
Last week looks like a million alpacas pushed demand and market ventured into
previous rotation zone.
Note: Strongest demand volume sighted last week.
Possible Scenarios are considered:
1) Test and reject again from rotation zone and market will then test lower levels
2) (a) 4091-4135 becomes support for long
(b) 3943-3974 becomes support for long
Weekly: Ave volume up bar = minor strength + reversal bar
Daily: Low vol up bar = weakness
H4: High volume up bar close at high = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4303
4133 4091 3947
3902 3855 3720
*3913-4000 (previous high demand area)
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 MAY 23 Week
ES1! SPX500USD 2022 MAY 23 Week
Last week's retracement went beyond 4056,
as demand came in to support the market.
Nonetheless short on retracement was good.
This tells us the importance of waiting for
price reaction at the levels.
Possible Scenarios:
1) Test and reject at supply line of channel for short
2) Market rotate between 3855-4091 as demand & supply
slug it out
Weekly: Ave volume down bar close off low = minor strength
Daily: Average vol up bar close off high = minor strength
H4: Very high volume up bar close at high = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4303
4133 4091 3947
3902 3855 3720
*3913-4000 (previous high demand area)
Remember to like and follow if you find this useful.
Have a profitable trading week.
SPX500 index: Let's go to 3910 today!Today we are here to talk about the SPX500 index.
What's on the market now:
The index is trading at 40 13. And in the last trading session, we saw the price stabilize, as I expected earlier, here is a link to the idea. Globally, the index is moving towards the level of 3830 - 3780.
What are we waiting for today:
Today we expect a decline to the level of 39 00, and then an attempt to rise to 4100. If the movement to 41 00 is canceled, then we expect a sharp move to the 37 80 zone
What I recommend:
If you want to open short:
I recommend you go short above 4100. If you want to avoid risk, going short above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3910 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms around 3820-3780.
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Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
ES1! SPX500USD 2022 MAY 16 Week
ES1! SPX500USD 2022 MAY 16 Week
Last week high demand area 3913 - 4000 support came in, causing a retracement.
Possible Scenarios:
1) Test and reject 4056 breakdown area for short opportunity
2) Market rotate between 4056 and 3913 to exhaust demand before being
able to resume downtrend
Weekly: Ave volume down bar close above middle = minor strength
Daily: Low vol up bar close off high = weakness
H4: Very high volume up bar close near low followed by high volume up bar
closing off high = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4303
4133 4056
3913-4000 (previous high demand area)
3870 3720
Remember to like and follow if you find this useful.
Have a profitable trading week.
SXP 500 index: 3850 - 3780 May bottomToday we are here to talk about the SXP 500 index.
Today: The index is trading at 3935. The market went down sharply in the last trading session. Since there is no profit fixation in the market for players, this tells me that the stop of this fall will be at the level of 38 00 - 37 80
What's on the market now:
Globally, the index goes to 3850, which I mentioned earlier, but since the movement occurs with a small rollback, I expect an acceleration of the fall and a market bottom in the region of 38 00 - 37 80
What are we waiting for today:
Continuation of movement to the level of 3850 - 3780
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4000, limit your losses.
If you want to buy:
Long positions are possible below 3850 - 3780, limit your losses.
If you outside the market:
You can sell from 4000 or wait until the market bottoms around 3850-3780.
If you want to ask a question about an idea:
If you'd like more information, please contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
Like and subscribe, thanks!
See you next time.
One of the severest declines the market has ever gone through.Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 23. And in the last trading session, we saw the price stabilize. However, the market is moving towards the level of 3850
What's on the market now:
As I said earlier, there is a negative mood in the market globally and now the market is moving to a local bottom in the 3850 area.
What today::
We expect a sharp move towards 3850.
What I recommend:
If you want to open short:
I continue to recommend that you open shorts around 4250. But if you would like to avoid risk, short above 4335 seems to me the safest.
However, the most speculative players can open short the market on pullbacks while limiting your risk.
If you want to buy:
I strongly recommend not to buy yet due to the possibility of a sharp correction to 3850.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
ES1! SPX500USD 2022 MAY 08 Week
ES1! SPX500USD 2022 MAY 08 Week
Last week Scenario1 test of breakdown and target of 4135 reached.
*3913 - 4000 = previous significant demand area.
Down channel with extension of supply area mapped out.
Daily and Weekly showed minor strength, so there could be a test of the higher
levels first (retracement) as supply is temporarily exhausted.
short on retracement is preferred,
Scenarios:
1) if 4133 is supported, market may attempt Test zone 4303 for a short opportunity
2) If price rotates between 4133 and 4056, prefer to stay out
Weekly: Ave volume down bar closing off low and shortening of low = minor strength
Daily: Ave vol down close above mid of bar followed by ave vol down bar with
narrower range closing above mid of bar = minor strength
H4: Ultra high vol up bar closing off high followed by weak close up bar = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4303
4133 4056 *3913-4000
Remember to like and follow if you find this useful.
Have a profitable trading week.
The Fed's decision makes adjustments but doesn't change plans.Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4300. In the last trading session, we saw a sharp move up, due to the decision of the US Federal Reserve. Although I could imagine something like this. And yet it was very powerful. Link to idea below.
What's on the market now:
Now the market is experiencing growth caused by the decision of the Fed. And I think the peak of growth will be around 4350.
What are we waiting for today:
Today the price may rise to 43 35 on positive news from the FRS and continue its correction from there.
What I recommend:
If you want to open short:
Open short positions above 43 35, limit your losses.
If you want to buy:
From Long positions are possible with rollbacks 42 25, limit your losses.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Like it and subscribe, thanks!
See you next time.
ES1! SPX500USD 2022 MAY 02 Week
ES1! SPX500USD 2022 MAY 02 Week
Market reached 4127, so scenario1 has materialized.
Wait for price reaction to this level.
We should now be on the look out for Scenario2 or 3. Preference is to
short when price retraces on lower volume to test demand.
Scenarios mapped out:
1) Test of breakdown 4368 (test may not happen), and
price continue toward 4135-4212 region --> materialized
2) 4135-4212 broken and price continue downward or
3) 4135-4212 again is supported and market attempts for
next higher level.
Weekly: Ave volume down bar closing at low = weakness
with some demand
Daily: Ave volume down bar closing at low = weakness
H4: Ultra High Volume down bar closing off low and narrower spread = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P500 -> about to hit the fanThis is perhaps a little controversial, but my earlier observations are panning out, and worse than I had thought...
Basically, the S&P500 since the beginning of 2022 has been struggling. Called previously, based on weekly chart, the S&P500 futures to target 4140. It had since done that a couple of times. Yesterday, it revisited, only to close below support on BOTH the weekly and monthly charts. This was a prompt to look at the bigger picture, as something appears amiss here...
The monthly chart (right panel) shows that since 2008, the times taht the MACD crossed under the Signal line, the S&P500 returns to the 55EMA (orange line), and possibly below it (in 2008, 2011, 2020).
In Feb 2022, the MACD crossed under the Signal line. And today, we stand about a 1/3 of the journey down to the monthly 55EMA.
Using Fibonacci retracements, 3800 appears to be the next viable support, where the S&P500 meets and might bounce off the supporting 55EMA.
This is another 8-10% down from today, and opens the possibility for further downside should it fail the 55EMA.
3500 being the next support.
BEARISH... and the next weeks to months would be rather volatile to the downside.
ES1! SPX500USD 2022 APR 25 Week
ES1! SPX500USD 2022 APR 25 Week
Scenario2 again come into play last week.
Market should be attempting 4135-4212 region
If market reach there, Wait for price reaction
Scenarios mapped out:
1) Test of breakdown 4368 (test may not happen), and
price continue toward 4135-4212 region
2) 4135-4212 broken and price continue downward or
3) 4135-4212 again is supported and market attempts for
next higher level.
Weekly: Ave volume down bar closing off low = weakness
with some demand
Daily: High volume down bar closing off low = weakness
with some demand
H4: Ultra High Volume down bar closing at low = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
S&P500 Breakout Long! Buy!
Hello,Traders!
S&P500 broke out of the bullish flag pattern
Which makes me locally bullish biased
And I think that after the pullback
And retest of the broken level
We will see a move up
Towards the target above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
SXP500 Index: ready to U-turn Today we are here to talk about the SXP500 index.
Today: The index is trading at 4462. In the last trading session, we saw a sharp rise in prices to the level of 4485, which I mentioned earlier here is a link to the idea.
What's on the market now:
The market continues to develop lateral movement. Perhaps there is a good place to enter the market.
What are we waiting for today:
Today we are waiting for the market to try to rise above 44 85. And then the subsequent stabilization of the price to the level of 44 15.
What I recommend:
If you want to open short:
I recommend going short above 44 85, limit your risks
If you want to buy:
Long positions are possible below 44 15. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, please do not hesitate to contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
Bye!
ES1! SPX500USD 2022 APR 18 Week
ES1! SPX500USD 2022 APR 18 Week
Last week, scenario2 4525 short was good.
Preference will be to short on retracement.
Watch reaction to 4368.
If supported = Scenario3 possibility
If broke and become resistance = continuation of Scenario2
Play scenario:
1) Test & Rejection of T+R area for short
2) Rejection of 4525 for short
3) Rotation play between 4631-4525
Weekly: Low volume down bar closing at low = weakenss
Daily: Average volume down bar closing at low = weakness
H4: High vol down bar closing at low = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 APR 11 Week
ES1! SPX500USD 2022 APR 11 Week
Last week 4525 presented long and short opportunities.
Preference will be to short on retracement.
Play scenario:
1) Test & Rejection of T+R area for short
2) Rejection of 4525 for short
3) Rotation play between 4631-4525
Weekly: Ave volume upthrust bar closing off low = some
demand present. next bar will confirm if market is weak.
some demand
Daily: Average volume up bar closing of high = supply present
H4: Vey high vol up bar = strength (caution of supply
present)
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4631 4584 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 Mar 28 Week
ES1! SPX500USD 2022 Mar 28 Week
Snp may test 4587. Watch for reaction there, don't
chase long as market approaches previous supply level.
Play scenario:
1) Support on test of 4525 long
2) Rotational play 4433 - 4525
3) 4587 being resisted again for short.
Weekly: Low vol narrow up bar closing on high = weakness
(no conviction in the up move)
some demand
Daily: Low volume up bar = weakness
H4: Ultra High vol up bar closing toward middle, followed
by high volume up bar = strength.
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525
4433 4368 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 Mar 21 Week
ES1! SPX500USD 2022 Mar 21 Week
4133 was tested and price reaction long was good.
Next level to test may be 4487 & 4587.
Caution as price and volume alerts weakness.
Keep stops tight if long
Weekly: Low volume up bar closing on high = weakness
some demand
Daily: Low volume up bar closing near high = weakness.
H4: High volume up bar closing at high = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4487
4399 4319 4213
4135 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 Mar 14 Week
ES1! SPX500USD 2022 Mar 14 Week
4290 provided several short opportunities. Price may
test 4133. If this breaks, market may head lower.
Wait for price reaction at 4133 before entry.
Short on retracement preferred for this week.
Weekly: Average volume down bar closing off low =
some demand
Daily: Average volume down bar closing near low =
weakness
H4: Average volume down bar closing slightly off
low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525 4446
4397 4290
4213 4133 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 Mar 07 Week
ES1!
ES1! SPX500USD 2022 Mar 07 Week
Last week's long on test and then short toward the
test of 4290 worked well.
Market showed topping, if 4290 is broken, market
may reach for lower levels, presenting a short
on retracement opportunity.
Weekly: Average down up bar closing in middle =
indecision
Daily: Average volume down bar closing in middle
= indecision
H4: High volume up bar closing off high = weakness
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525 4446
4397 4290
4213 4133 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.
ES1! SPX500USD 2022 FEB 28 Week
ES1! SPX500USD 2022 FEB 28 Week
Fantastic week for the shorts and recovery late week
let us finish the week with an awesome long trade after
a shakeout.
With the spring and return into rotation zone, preference
will be to long on retracement.
Weekly: Average down up bar closing near high = strength
Additionally, it looks like a reversal set up.
Daily: High volume up bar closing at high followed
by average volume up bar closing at high = strength
H4: Very high volume up bar closing at high = strength
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525 4446
4380 4337 4290
4213 4133 4037
Remember to like and follow if you find this useful.
Have a profitable trading week.