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Snp500

Stocks Await Inflation DataStocks retraced as anticipate yesterday. We fell exactly to the intermediary level of support we suggested yesterday, at 3825. The Kovach OBV has topped and rounded off, suggesting the weak momentum we saw last week has dissipated for now. We won't expect to see any significant moves, as the markets are anticipating CPI data tomorrow. With all eyes being on inflation and the print expected to potentially read in the double digits as per the last reading and in Europe , this could spell another hit for stocks tomorrow. If we are able to rally, then 3937 is a likely ceiling. If we selloff further, then 3737 should be considered a floor.
FX:SPX500Short
by quantguy
Can The Stock Rally Sustain?Stocks appear to be running into resistance at 3909, after a slow trek upwards from the 3700's. The rally was labored, with resistance confirmed at every technical level along the way by red triangles on the KRI. We are seeing a bit of a retracement, to 3867, with support confirmed by a green triangle on the KRI. The Kovach OBV has been bullish, but does appear to be rounding off. This fact, combined with the weakness of last week's rally, suggests we may be in for another selloff. If so, we could retrace the entire rally to 3737, which should be considered a floor. The level 3825 is a reasonable intermediary level of support. If we are able to break out, then 3937, a relative high, will surely provide resistance.
FX:SPX500Short
by quantguy
ES1! SPX500USD 2022 JULY 11 Week ES1! SPX500USD 2022 JULY 11 Week Last week long from 3742 was good. Market is near channel and recent resistance. Together with 3TF analysis weakness, short opportunity may be present. The below scenario still applies for this week. Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 2) Channel rejection / support trades 3) Behavior change scenario for long on retracement 4) Trend continuation Weekly: Low vol up bar close off high = weakness Daily: Ave vol narrow spread UT bar = weakness H4: UHV bar close off high = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4071 3950 3742 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
1
#ES 07.08.22 Daily Overview with Levels to WatchYday we opened up above our 3866.75-3863.25 level and drove straight through Previous day high, came back and tested and found support which told us we will be trading towards the upside and we knew we will have singles up there which = supply so we will need some buying to chew through that, day was grindy as mostly all the buying is from shorts being bought in. We failed to fill the second set of singles around our 3914.75-3910.75 level and in Globex we tested Key level of 3892.25-3887.25 which held for now. We are waiting on some releases at 8:30 so will have to see what that will give us and where we will open but we are currently above T2 high and our Key level which is a sign of strength but its mixed feelings as we are in Previous Days Range and still have supply above so the question today is do we have enough shorts trapped and new buyers to Fill the singles and continue higher towards our next Key Level at 3931.75-3927.25 or will we fail and come back in to test T2 high/Previous Day low area. --- On The Upside: Holding above T2 High and 3892.25-3887.25 is a sign of strength and can give us test of 3901.25-3898, 3914.75-3910.75 this is where we will be watching if we fill the singles and can continue higher towards 3931.75-3927.25. If the buying is strong and we get through that then we have 3944.25-3940.25 as Next area to watch for Failure or continuation. --- On The Downside: Failure to fill the singles and accept over 3914.75-3910.75 can give us a test of 3901.25-3898, Key Level of 3892.25-3887.25 where we would watch for continuation and if that goes we have 3878.75-3874.75 as our T2 High area we could see test and if we accept under it then we have Previous Day Low at 3866.75-3863.25 and next Key Level at 3853.25-3847.25 *** Levels to Watch: 3944.25-3940.25 // 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 // 3878.75-3874.75 // 3866.75-3863.25
CME_MINI:ES1!
by HollowMn
The growth of the index to 4050 is inevitable. Analyst of the spx 500 index on 07/07/22 Today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 3873. In the last trading session, we saw the expected increase in the index that I mentioned earlier, here is a link to the idea. In today's trading session, I expect a move up to the level of 39 20. The struggle that has been going on in the market for the last week has been resolved and now the market is ready for an impulse movement. Today we are waiting: I expect the market to move towards the level of 3920. What I recommend: If you want to go short: Short positions are prohibited. If you want to buy: Buying on the market is possible, limit your losses. If you are not in the market: If you want to buy, you can buy from the market, but limit your losses. The market is developing a steady upward movement, which I spoke about earlier, and I hope you had time to participate in it. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Bye!
SP:SPXLong
by kvatoo_FX
4
#ES 07.07.22 Daily Overview with Levels to WatchYday we were able to hold above our Key Support at 3809.50-3805.25 and after the FOMC release got a push over Previous Day High and over next Key Level of 3853.25-3847.25. Globex we failed to get back under 3853.25-3847.25 and accept and got a push back over it but so far we have been hanging out here between Key Level and next level up under Previous Day high which is usually a sign of distribution to me as we still have supply above keeping us down but on the other hand we can be absorbing it here before next move up since we are holding over T2 High area for today but I think Market is waiting for ADP and Claims to make the move. Question today is do we have enough people trapped that will help push us higher today and fill the sets of singles we have above us or will we back in under this 53-47 area making this supply that would help and push us back into T2 range. --- On The Upside: Holding above T2 High area of 3839-3835.50 and 3853.25-3847.25 is a continued sign of strength, if we fail to push lower and accept this can give us a push higher and possibly more buy ins today towards the single -prints and upper levels. We can see 3866.75-3863.25, 3878.75-3874.75 which would be our first area to watch for continuation since its Previous Days High then Key Level and first big area of single prints at 3892.25-3887.25 This is where we would see how strong the move is and if we can fill that/accept and continue towards 3901.25-3898 , 3914.75-3910.75 and 3931.75-3927.25 But we have supply above so have to monitor level to level. --- On The Downside: Staying under previous days high and 3866.75-3863.25 can give us a test of 3853.25-3847.25 getting under that would be our first sign of weakness and can give us a test of T2 High area at 3839-3835.50 this is where we would need to see for break and acceptance for any continuation lower, if we do accept back in T2 range and now we will have more inventory from above that can help and push us towards T2 half back areas and possibly the Low depending on how much selling we get IF we do accept back in we will be looing for 3825.50-3820.25 Key Level 3809.50-3805.25 if that goes then can see 3791.75-3787.75, 3780.50-3776.75, 3764.75-3760.50 *** Levels To Watch: 3892.25-3887.25 // 3878.75-3874.75 // 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25
CME_MINI:ES1!
by HollowMn
#ES 07.06.22 Daily Overview with Levels to WatchYday we tested the T2 Low/Previous day Low and found support there and were actually able to drive back towards previous day high, in Globex we attempted few times to get over Previous Day High with failures but we are not getting much selling because we still have shorts trapped below who buy this up every time we come down towards the singles. Question today is will we have enough buying to get use over Previous Day High and T2 High area to maybe see a short squeeze higher or will we fail to get over and will have enough supply to come down and test lower Key Areas along with T2 Low/Previous Day low again and maybe this time break it. We have Jolt and FOMC Minutes tomorrow so also possible market will stay in Balance inside Previous Days range while waiting for those releases. --- On The Upside: Holding above our Key Level of 3809.50-3808.25 is continued sign of strength and from there we can see tests of 3825.50-3820.25, 3839-3835.50 which will be our area to watch for continuation high as that will be T2 and Previous Day High location, above that Key Level of 3853.25-3847.25 to really confirm the upside and for us to continue. --- On The Downside: Holding Below Previous Day High area of 3839-3835.50 can give us a test of 3825.50-3820.50, Key Area of 3809.50-3805.25 this and level below which would be Previous day Half Back at 3791.75-3787.75 would be to watch for any continuation lower, as we might find balance between this areas until Jolts/FOMC tomorrow but if we do break it and continue we have 3780.50-3776.75 Key Level 3764.75-3760.50 and from there we would watch T2 and Previous Days Lows around 3747.50-3744.75 for any continuation lower. *** Level To Watch: 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25 // 3791.75-3787.75 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 07.05.22 Daily Overview with Levels to WatchFriday with held inside previous days range as we thought we might since it was a lower volume day before the three day weekend. In Globex we continued our Friday strength and last night were able to drive above Previous Day (Friday) High and hit next Key Level of 3853.25-3847.25 where we found sellers, we spent time over the high selling inventory and once we did that we had more supply above and failed back inside previous range. After look above the high and fail we can see the Lows as targets for today and depending if we hold down there or not maybe a continuation lower. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness and can give a test of Previous day Low and T+2 Low, we are currently already coming down so levels to watch are 3780.50-3776.75 Key Level of 3764.75-3760.50 where we can see some support but if that breaks we have Previous Day Low and T+2 Low area around our 3747.50-3744.75 level to watch for continuation but below that is 3728.75-3725.25 and next Key Level of 3714.75-3709.75 Where we can also see support unless going down on good volume and get right through it then can watch for further continuation. --- On The Upside: Testing and Holding Previous Day Low/ T+2 Low area can give us a move back over 3764.75-3760.50, 3780.50-3776.75, 3791.75-3787.75. *** Levels to Watch: 3809.50-3805.25 // 3767.75-3760.50 // 3747.50-3744.75 // 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
SXP500 Index: The day when the markets are ready to move. Analyst of the spx 500 index on 04/07/22, today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 3825. In the last trading session, the market began to move up, but in essence the market has stabilized. Now market participants need to choose a general trend in the direction of which the new trend will develop. Currently, the market is at a point of equilibrium and is clearly waiting for new trading ideas. I expect the market to move to the level of 4000 and above. Today we are waiting: In the current trading session, I expect the market to move towards the level of 3900. But if this trend is broken, then a sharp movement of the market to the level of 3650 is possible. What I recommend: If you want to go short: Short positions are prohibited. If you want to buy: You can enter the market, but there remains the possibility of a sharp downward movement of the index. If you are not in the market: If you are out of the market. I recommend that you try to go short around 4125. If you want to buy, you can buy from the market, but limit your losses. It is important to remember that if this new upward trend breaks, we will see a sharp drop in the index to the level of 3550 - 3480. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index. See you next time! Bye!
SP:SPXLong
by kvatoo_FX
2
SPX Last Leg Down?SPX is in a descending channel and a falling wedge, both more likely to break to the upside. It also seems short-term bullish for this week, but bearish for next 2 weeks - a possible bear flag is forming that suggests it taking out 2 gaps and eyeing the 200 week SMA. The targets of the descending channel and falling wedge are the fibonacci golden pocket or the 0.786 level. Of course, if it breaks above the 2 long descending patterns, invalidating the flag, and forms a base with higher lower patterns, that would change things, but this does not seem likely for the moment.
SP:SPX
by Indotermes
ES1! SPX500USD 2022 JULY 04 Week ES1! SPX500USD 2022 JULY 04 Week Last week market found support at 3743. Trade remains guided by channel and reaction to price levels Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 2) Channel rejection / support trades 3) Behavior change scenario for long on retracement 4) Trend continuation Weekly: Ave vol down bar close below middle = weakness Daily: Ave vol up bar close at high = minor strength H4: Ave volume up bar close off high = minor weakness. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4071 3950 3742 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
S&P500 Delayed rebound but not out of woodsLast weekend's review, it was expected that the S&P500 would follow through with a bullish week. Instead, it was quite the opposite, until the late part of Friday that the upticks started. This could have been attributed to the end of the quarter, half year sell-off by portfolio managers, just a possible consideration. This week's price action was clearly not enough to close the week (and month) in positive territory, however, it appears that a possible higher low is being formed. This is the first indication that there is a lower probability for a bear trap. Technical indicators for the weekly have yet to turn, and a couple more weeks might be needed for that. The daily technicals have already started to turn up... perhaps the incoming week would be be clearing up the technical fog. Looking for the higher high. Meanwhile, do look into the monthly chart. The major downtrend is still in force, and there is a large range of movement in the daily ranges. Take care!
CME_MINI:ES1!
by Auguraltrader
2
How Will Stocks Begin July?Stocks have begun July with a whimper so far, maintaining a very narrow range after selling off from the 3900's. We have found support in the mid 3700's, but appear to be forming a bear flag pattern. Volatility has consolidated which may portend a breakout. If so, we could make a run for the 3900's again, with 3825 and 3937 likely targets to the upside. If we sell off from here, then 3645 is a likely floor. The Kovach OBV has started to uptick slightly, which could indicate a bull divergence.
FX:SPX500
by quantguy
#ES 07.01.22 Daily Overview and Levels to WatchYday we opened right at our 3780.50-3776.75 level, failed over it and drove down to break Key Level of 3764.75-3760.50 from which I was expecting to go down and hit next Key Level lower but we failed to take out 3747.50-3744.75 and found a nice bid down there that took us all the way back to test Previous Day Low and T2 area over our 3809.50-3805.25 level where we found sellers. Rest of the day was not much action as we have Holiday Weekend coming up and not as many participants in the market plus all the real size traders are out enjoying their time with interns running the show. Question today is will we have a slower balanced day or will we get some unexpected action. In Globex we found support at Previous day low and put together a position between Previous Day Low and our 3764.75-3760.50 Level that we drove up and selling up here, we should open today inside Previous Days Range but under T+2 low which tells us we can see selling from that area but will it be strong enough to take us lower today and break previous day low and extend to next Key Level or not. --- On The Downside: Holding below Previous Day High and T+2 area which is around Key Level of 3809.50-3805.25 is a sign of continued weakness and failure to take 3791.75-3787.75 and extend higher or failure at T+2 low area can give us a push lower to 3780.50-3776.75 and Key Level of 3764.75-3760.50 This will be first area to watch for continuation lower, if this breaks we have Previous Day Low and our 3747.50-3744.75 Level that we need to see break for us to get any lower, if that happens we have 3728.75-3725.25 and 3714.75-3709.75 Where we can find support so would be the spot to watch if we get there for continuation or not. --- On The Upside: Holding above Globex position and Key Level of 3764.75-3760.50 can give us 3780.50-3776.75, 3791.75-3787.75 and possibly T+2 low Key level of 3809.50-3805.25 where we would watch for continuation higher, would have to take Previous Day High and accept to really get going to the upside. --- We can also have an inside day and just balance between T2 Low areas and Previous Day low, Friday before the holiday can give us a grindy day without much to do. *** Levels to Watch: 3825.50-3820.25 // 3809.50-3805.25 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 06.30.22 Daily Overview with Levels to WatchYday we had a balanced day between our supply above 3853-3847 and our buyers in the Gap area and Key Support at 3809.50-3805.25. We had a seller above 3840 all day and we could get past that 40 wall even with all the buying which tells us someone was selling filling orders into all the buying. Globex we broke the Key Support and saw that inventory leak out down to our next Key Level which we wanted to see yesterday at 3764.75-3760.50, We currently found support here but as I mentioned yesterday there is not a lot of support below and if this does break today and we accept then I will have my eyes on lower Key Levels at 3714.75-3709.75 and always possible to reach 3671.75-3665.75 if enough order flow. It is last day of the Month a day before 3 day Holiday weekend so no one wants to put a lot of risk on these last two days and a lot might want to try and get out of their positions. Anything can happen on Month end so we watch levels to break and continuation. Currently our Globex inventory is short from yesterdays close, we are under T+2 and previous day lows which can give us margin calls. At the open we will want to see if we will get any correction to the ON Inventory or if we will get a trend continuation right away. We have Core PCE at 830 we are waiting for now, lets see how we open. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness, if we fail get over 3780.50-3776.75 and come back down to break/accept under Key Support of 3764.75-3760.50 that can give us a test of 3747.50-3744.75, 3728.75-3725.25, Key Level of 3714.75-3709.75 where we can see some buying but if going down and break it then we can see continuation lower towards 3698.50-3695.50, 3686.75-3683.75 and Key Level of 3671.75-3665.75 --- On The Upside: Holding above Key Level of 3764.75-3760.50 can give us a correction to the upside towards 3780.50-3776.75 and maybe 3791.75-3787.75 these would be important areas to watch for continuation higher but in order to get a upside confirm and get any real continuation higher we would have to get through and accept over 3809.50-3805.25 *** Levels to Watch: 3791.75-3787.75 // 3780.50-3776.75 // 3764.75-3760.50 // 3714.75-3709.75 // 3698.50-3695.50
CME_MINI:ES1!
by HollowMn
SXP500 Index: Big game ahead. Are you ready?Today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 3818. In the previous trading session, we saw price stabilization. However, in my opinion, although the correction actually took place from the last local maximum, the correction has not yet reached its local bottom in the region of 3780 - 3750. Today we are waiting: Today, I expect the market to decline to the 3780 - 3750 zone. We may see an increase in the market decline, but if the market can turn around and the correction is broken, then the market will continue to rise to the level of 4050. What I recommend: If you want to go short: It is too early to open short positions now, it is better to open them from the level of 4050, limit your losses. If you want to buy: It is better to refuse to buy the index and stocks now, the index has not yet reached its bottom in the region of 3750 - 3700. If there is a positive mood in the market from the level of 3750 - 3700, then you can buy, limiting your losses. If you are not in the market: If you are out of the market. I recommend that you try to go short around 4050. But if you want to buy, then I recommend that you go long from the 3700 level. Remember to always limit your losses. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index.
SP:SPXShort
by kvatoo_FX