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Spx500analysis

SPX Monthly Forecast Movements 1-30 November 2022 SPX Monthly Forecast Movements 1-30 November 2022 We can see that for this month, the implied volatility is around 7.47%, decreasing from 7.49% of last month. This is currently placing us in the 85th percentile according to ATR and 100th according to VIX Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is: BEARISH Candle : 6.23% BULLISH Candle : 5.1% With this in mind we can expect with a close to 15.7% probability that our close of the monthly candle is going to close either above or below the next channel: BOT: 3610 TOP: 4200 Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a : 80% chance that we are going to touch the previous monthly high of 3900(already happened yesterday) 25% chance that we are going to touch the previous monthly low of 3492
SP:SPX
by exlux
SPX rejected its resistance, ES got its gap filled from SunNothing much to add today, another rejection of the top. As noted on Sunday, ES and NQ gaps (all futs gaps) always get filled, so it happened in am. I did long from 3901 and exited at 3922ES just for the am dump to take my gains with stop losses. I did few trades from 58 and 53 level, already exited SPX price is below the opening range and cant re take it, putting pressure for lower to be seen. I have a long order at 3814.50 and 3815ES, want that to hold and break only after the FED announcement fakeout. It seems its going to put a pressure lower into Fri numbers and rally into 7-8th if not the CPI release on the 10th. Then Im looking for much lower into week of 21st of Nov.
SP:SPX
by RealTima
8
Potential LONG confirmation of S&P500Looking at the previous price confirmation, when price met the 50 exponential moving average (EMA) and formed at least a piercing line candlestick pattern, price moves towards the upside If the October candlestick of the S&P500 were to close at least 50% of the previous month candlestick, we are likely to see a reversal movement of the equities market. We are left with the final day of October and it seem likely that the S&P500 will close the monthly calendar with at least a piercing line candlestick pattern. The monthly 50-exponential moving average is also in line with the weekly 200 simple moving average. With confirmation, the long target of S&P500 would tentatively be around the 4150 region (strongly dependent on momentum).
CME_MINI:ES1!Long
by TrainingTrader
SPX update Oct 28thTodays candle, if it closes up (it seems that it will), going to cancel the topping pattern candles we had last 2 days, means more squeeze to come. Next stop is at 3907-09SPX for the top of this move. Support is at 3725-35SPX and I will be buying it for that last target with a stop I have posted in comments this am: That my 50% short was stopped at BE other 50% I took off after the AMZN move, also some protective longs sold yesterday evening at a loss and rest this am with a small gain. I went back to sleep in am and now its a more clear picture to me. Im still in that B wave down camp, only it might be a start of a new wave and that C can be shorter as we are approaching 3907-09. If it does want to extend then we could see very well 4k, but Im not in that camp just yet. My target is the same for the next low - 3690-3718SPX at min, below we could see a retest of Oct lows, which I personally think will be re-tested and it should make new lows into 34 and 32 handle. Again there is no more crash window, but month of Nov is a seasonally bearish month after Oct high! Note this, that its bearish during the bear market, which we are now! Many will be looking for a bullish month of Nov based on regular seasonal pattern. My swing short is quite under the water after those being BE last night, Im holding those for my targets mentioned above
SP:SPX
by RealTima
17
SPX my pathway for the next week or 2First of all I want to say thank you to my 1k+ followers as of today! Means a lot to me, as it shows me that my work helps others to navigate the markets and my time spent posting charts gets respected. Solar eclipse! Seems we have topped here, at least for now There is also a lunar eclipse on Nov 7-8th, watch for a possible higher high if not lower high there. So my pathway is down to 3689 or so, then up to 3908 or so and only after we go down to 3500SPX level again Again, I do think we will re visit Oct 2nd lows at min, so that move could be it. If this pathway will play out up to Nov 2nd, then I will be huge long from that level going into the Midterms and short that lunar eclipse high. If in fact this all plays out, I do believe we will see my 3212SPX by Nov 21st week if not 2855SPX This is my game plan, I do have a right to change it at any time if I see changes going against my pathway. Have a good night and please dont forget to press that 🚀 button to push this chart up so more people will see it.
SP:SPX
by RealTima
32
SPX updateI have missed all todays rally, had only a long from 3792 and exited at 3805 My swing short isnt in a best shape, but I have protective longs going till they stop working. Maj resistance today is 3798SPX and its going to close above it. Next maj resistance is at 3907 on daily and 3913-14 on weekly Today is a solar eclipse day, usually markets top on or around solar eclipse day. Im not buying this move up, its just all 3 waves moves up with extensions, nothing else. The price is already getting to overbought zone and the fear and greed is already in neutral zone and getting close to cross the greed zone. VIX is in support zone, but close to be broken to the downside, still lots of room there. SPX supports are at 3825 and 3808-07 and then maj support is at 3789SPX I have some price confluence in 3900-20SPX zone as mentioned yesterday and closing above 3820SPX will confirm that target. Watching the price and 3820-25SPX test to enter with longs for 3900 target SO far there is a small H&S on ES and NQ on 15min, not touching anything just yet.
SP:SPX
by RealTima
28
Long term chartThis is how I see the whole move developing into end of Q1 of the next year. I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up. There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032 Please note Im not a Nostradamus or a person who predicts the future, my view can be changed at any time if I see changes on long term charts. Few numbers to watch - 3196 is 61.8% retracement off 2020 lows - 3238 is where 38.2% retracement off 2009 lows Maj support for the whole move down is at 3200-3240SPX - A wave B wave up to 4k+- (to be determent) C wave down to my low 24 handle next year to mark the bottom of the whole move down from Jan highs.
SP:SPX
by RealTima
20
SPX is in mid range decision pointHappy Sunday everyone Here is a 4h chart. We are getting close to the breakout point, has to hold at that upper trendline Main resistance is at 3775SPX, dont rule out a fakeout into 3800 to finish up C wave up. - If breakout happens, will be watching for the test of the breakout trenline from the bottom and if broken out from the top. - Will do a long trade on the test with a tight stop (if breakout happens) - 3800-20SPX will be a very important level to watch or 3798SPX on closing level (bull/bear closing number) - above 3820SPX we will see 3910-25SPX Few things to mention: - TRIN is at .69 on Fri close (can mark a top or within 2 days) - VIX at support - All main moving averages are pointing down - Bull flag broken to the upside on Fri (something to pay attention to!) - Right shoulder is getting close to invalidate, watching Will be watching 3800 and 3645 SPX levels this coming week. We have a directional change tomorrow as well as following Tuesday. My thinking we will turn down hard on Monday and bottom on Tuesday fulfilling cycle low on the 24th Then rally into the 27th high and down again into EOM or 2-4th of Nov Will be looking a rally after the Midterms, which will be short lived. A maj low on week of Nov 21st and then rally into Jan Nov low will be a good swing long imo will be looking for dips to buy after that low is behind us. Will post long term view next
SP:SPX
by RealTima
10
Chop Chop continues. Its Friday - Dont Overtrade!No follow through today, really in a no mans land. A bull flag is a worry for the bears and the H&S (which is quite big) is a worry for the bulls. Peak your side:) Wont rule out a move to 3770-80SPX to have everyone believe that we have broken the bull flag to the upside, then we finally reverse and re-visit Oct 2nd low at min Im seating out and waiting for a right setup to come as well as holding my swing short. Dont want to miss the bus when the things starts moving. Its Friday, DO NOT OVER-TRADE! Keep your weekly gains, dont give those back!
SP:SPX
by RealTima
16
SPX is in decision modeIm always honest with my homework, I dont like to have several counts to be always right. At this point Im seeing both scenarios: 1 - We break the orange trendline and we are off the races to 3900-4000 (not preferred) 2 - We break 3500 or Oct 2nd low, we see 3380-3410 at min! I'm in lower lows camp, as you know. But the window for the strong move down to start is just almost out, has to start tomorrow! - The bull flag noted on the chart cant be unnoticeable! If it breaks, that's it for lower levels until Midterms! - On the bear side, we have perfect H&S as well as the price being so weak and bounces being so muted, its ready for the crash to start, it just needs a little help to push the markets off the cliff! Will we have that catalysis? I bet yes, the question is when! Will repeat again, November is a panic month. Can be an avalanche of events! War, elections, bonds going off the roof, all the economic issues around the globe. My conclusion here is this: - Im net short, I will flip if we get above that trendline shown on the chart and enter on re test. I dont want to do it as it will cost me in stop losses - Im not adding to short till we break 3500 or Oct 2nd lows! - If we break, we will see 3380-3410 and then should have a good bounce to 3500, then it will be another perfect show for a move down to at least 3200-10! Have a good night everyone! P.S. Please press that rocket button below, push this chart up for others to see. Also feel free to share my charts with anyone, lets get 1k followers, means my work is important for others to see.
SP:SPX
by RealTima
8
SPX broke down, nothing changed since amHi everyone, I slept in today and did few things around house, needed some time off the screen. Yesterday wasnt a good day for me, I had some losses with stops, its not an easy market to trade, too wide stops get triggered as well. Im doing swing trades now only till the first extreme hits. So far its short the rip game and Im looking for the first test of 3650SPX Targets to hit are on the chart - 3640 - 3580 - and then new lows! Im still expecting down move to new lows, crash scenario is off the table. At least that is not what Im warred about. BUT I still expect 3212 within a month time frame and ideally 28 handle (super ideal is 24 handle:) Shoot me questions, Im on my computer now! Will post other charts next. VIX to hit $60+ imo and that could be my 28 or 24 handle
SP:SPX
by RealTima
20
Triangle broken to the downside, casious of VIX OPEX flowEven if the triangle is broken down, it still can spike up into tomorrow. watching 3680-83SPX. Im holding my swing short, will add if we see higher levels today. Quick ins and outs Main resistance is at 3798SPX, Support is not even close at 3565-70SPX and below, they are minor, weak. I think we will have a range bound day into tomorrow, cautious on both sides, even if I lean towards buying the dips today This bear market rally is weak and every one of them is getting weaker and weaker. There was no pain on the market, no heavy selling, no one is calling to their broker to sell their position as they all being told this was the low! Its coming though...
SP:SPX
by RealTima
8