Hello traders, welcome to this S&P 500 update. This is my first time analyzing the S&P 500 and I hope it will be helpful. To analyze this chart, I am using the 21 monthly moving average and the kiss of death pattern. The S&P 500 is on its way to making a bearish move and it got stronger after the price got rejected below the 21 MA. The actual confirmation came...
ES1! SPX500USD 2022 SEP 25 Week ES' short was awesome. Possible Scenarios are considered: 1) Short on test and reject of 3792 // lower trend line 2) Long if 3540-3600 // 3711 // dotted and solid trend line is supported Weekly: High vol down bar close off low = minor demand Daily: High vol down bar close off low = minor demand. H3: Possible bottom...
ES1! SPX500USD 2022 SEP 19 Week ES's long trap played out on Monday, later than the other 2 US indices, before the shorts took over on Tue 13 Sep. Friday's last 2 H3 up bars happened on very high volume. Keep stops tight if long as there is likely selling into the up move. Possible Scenarios are considered: 1) Temporary long opportunity if 3853-3902 is...
ES1! SPX500USD 2022 SEP 12 Week Last week's 3903 support provided fruitful long. We have an engulfing bullish weekly bar. Possibility of continued upward momentum, for long preference. Possible Scenarios are considered: 1) Long if 4010 / 4095 is supported 2) Short on trend channel rejection / rejection at 4095 / 4010 Weekly: Ave vol up bar (engulfing...
ES1! SPX500USD 2022 SEP 05 Week Last week's 4071 rejection + channel rejection provided fruitful short. Currently market is temporarily supported at 3903. Possible Scenarios are considered: 1) Long if 3903 is supported 2) Short on low vol retracement / rejection at 4080 / 4030 / 3903 Weekly: Higher vol down bar close off low, same spread as previous bar =...
ES1! SPX500USD 2022 AUG 29 Week Rejection at 4204 was good for short. Possible Scenarios are considered: 1) Long if 3940 / 4071 supported 2) Short on low vol retracement / rejection at 4071 / 3940 Weekly: Ave vol down bar = some demand Daily: High vol down bar close off low = some demand H4: Climatic down bar followed by very high vol down bar close at low,...
ES1! SPX500USD 2022 AUG 22 Week Previous supply returned for short opportunity. Possible Scenarios are considered: 1) Long if 4704 is supported 2) Short on low vol retracement / channel support becomes resistance Weekly: Ave vol down bar = minor strength Daily: Ave vol down bar close off low = minor weakness H4: High vol down bar close off low = some...
ES1! SPX500USD 2022 AUG 01 Week Market has reached previous supply zone. Preference is long on retracement. Possible Scenarios are considered: 1) Continuation of uptrend for long on retracement 2) Supply returns to reject higher prices. If market exits uptrend and is rejected, possible formation of range 4071 to 3742-3642 Weekly: Ave vol up bar close at high...
ES1! SPX500USD 2022 JULY 25 Week Long preference last week was good. 3TF analysis reveals weakness. Short opportunity may be present. Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 3) Behavior change scenario for long on retracement Weekly: Ave vol up bar close off high = weakness Daily: Ave vol down bar close off low +...
ES1! SPX500USD 2022 JULY 18 Week Last week' rotation trade was good. Rotation strategy applies for this week as well. Minor strength observed, so additionally there's a preference to long on retracement. Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 2) Channel rejection / support trades 3) Behavior change scenario for long...
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)...
ES1! SPX500USD 2022 JUNE 27 Week Last week Scenario1 3642 + Historical Demand returned to support market. Volume analysis expressed caution as price advanced on low volume, which may be a long trap. Wait for price reaction to the possible test levels and channel resistance Possible Scenarios are considered: 1) Test of 4071-4204 = wait for price reaction 2)...
ES1! SPX500USD 2022 JUNE 20 Week Last week favored the shorts. Some demand on the weekly & H4 bar may cause a retracement for temporary long opportunity. Possible Scenarios are considered: 1) Long if 3600 /3642 is supported 2) If retracement to higher levels happen on weak volume, = short on price rejection 3) Rotation (grey box) = trade at boundary or no...
Today we're here to talk about the SPX 500 index Today: The index is trading at 3900 and in the last trading session we saw a sharp drop from the local maximum. Here's the link I mentioned earlier. Now is the worst time to buy in the market. The market is in for a huge sale. Today we are waiting: Today we are waiting for an attempt to move to the level of...
ES1! SPX500USD 2022 JUNE 13 Week Last week a long awaited breakdown followed after Scenario1 rotation, and market tested lower level at 4031 before heading south. Possible Scenarios are considered: 1) Short on retracement 2) Rotation 3 Test of T1 / T2, Reject and short Weekly: Ave vol, higher than previous bar's EwR bar closing at low = supply remains,...
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...
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 &...
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:...