Get started

Spx500analysis

SPX quick update15min is diverging down, watch for 3731-32 print (I have few to short there), we came close enough though. That resistance line above it what must hold on any test, it will be quite bearish if it does today/tomorrow. Needs a gap up to confirm the low is in. I have trimmed my longs and entered with SPY Oct exp 351P, also have order to short at numbers mentioned above. For tomorrow Im looking for a higher low and move above that resistance to test the trendlines above at 3750 3750-60SPX is the next resistance after 3725-35SPX Im not shorting here till I see my 3731
SP:SPX
by RealTima
32
SPX Main resistance is at 3752-55We didnt get lower open I was expecting, instead it gaped up. Im not trusting this moves up till new low is made. This week should be green going into next one imo so have to mind that. Mon/Tue are the days for the temp low and since we made a higher high, it seems we got one yesterday. Will be watching levels to go long. Main support in 3680s (if it gets there, I will be starting with some longs) Supports are on the chart, below the price
SP:SPX
by RealTima
13
Very important place to hold, I think it wontSo close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long till tomorrow BTW ES already broken support and last night low and just needs a continuation
SP:SPX
by RealTima
23
SPX500 Entries + Exits for FREE (Best Reverse Strat)My forex course regarding my strategy in full is now AVAILABLE! All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
OANDA:SPX500USD
by ExclusivelyFX
SPX pathwayThis update works only if we wont flash crash tomorrow from the open or even pre-market. Next week is a directional change week! If we hold 3636-40 on closing level it will be quite bullish imo. But I still think we will deep down to 3588SPX before it finds a good bottom. Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important. I think we bottom either tomorrow or Tuesday. Regardless of that low Im going to watch Tuesday higher daily close to mark temp bottom. Ideally we see 3960SPX on the move up by early Oct. But it can be limited to 3830SPX Going to start buying tomorrow if we hit 3636-40SPX and add at 3588SPX. My pathway is this: - bottom on Tuesday - up move into 3rd/4th - down into Oct 7th Dont get trapped with shorts next 2 days!
SP:SPX
by RealTima
29
$SPY $SPX - #SPY #SPX Where is the S & P 500 Index headed next?On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course). The largest issue we are facing is supply chain & employment retention issues. The supply chain will be slowly improving now until the end of the year. If you are following my social media page, I've stated that shipping prices will see a decline beginning this week (shipping is a large part of our supply chain issues). The second large issue is understaffed production. I believe this will adjust as more corporations begin laying off workers, the job market will tighten, making entry level positions more competitive. Real Estate will get slaughtered into the New year to make housing more affordable, but keep in mind we do have a shortage in homes (considering how many millennial/gen Xers are still living with their mamas). New home builders cannot profit with high inflation, high interest loans and a declining real estate market. The will begin to pay off debts first to avoid the new high rates and then buy back single family homes to flip for profits and/or buy back their own beaten down stocks. As FED pivots, homes will get purchased again so not at all am I expecting a 2008 scenario. When the FED decides to pivot, the best place to hold cash will be BITCOIN, GOLD, SILVER, STOCKS, (possibly real estate if you have cash on hand) ect and at that time $DXY will drop and the Dollar will no longer be the best store of value. I listened to the entire 2+ hours of the FED meeting and after analyzing the current data and Jerome Powell's hawkish nature, I'm NOT expecting a big bounce in the S&P 500 Index anytime soon. The shorts are piling in and for good reason because we will definitely drop down and make a fresh low this year. A pivot in our current sentiment isn't happening next month, the bounce going into October will be much weaker than the previous one we just had, maybe just to squeeze enough shorts out of existence before actually making the plunge into the final accumulation pattern. I will keep updating my thoughts as more data is printed but for now this is an estimate of how I see the price action flowing on The S & P 500 Index. Happy Sunday!!
AMEX:SPYShort
by ChaldeaCode
2
SPX all eyes on 3721 number!Resistance is at 3725-30 now. Maj support on closing level today is 3721SPX! The price is below that number. So if we close below (and Im looking for a rally back to 3730 and fail) then we could see my 3580 as early as Monday! Next week supports are: - 3662 - 3636 - 3580 - 3540-45 ES next stop is at 3666! We are below all the possible support fib extensions, new lows are coming! How do you feel now about 5500 call (I know some of you watch my channel here), being wrong all year and not admitting it its a diagnosis! Dont get trapped going into the weekend, being in cash is a position too P.S. I got stopped on todays lotto calls, 50% cut, thats why its a lotto
SP:SPX
by RealTima
12
SPX weekly end updateHi everyone, This one will be quick Its a weekly closing and I got both daily and weekly Major support at 3721-22SPX on closing level. - S2 is at 3709 - 100% extension off Aug 16 and Sep 12th highs is at 3680SPX We have Powell speaking at 2pm Eastern My trading plan for tomorrow: - currently short, both ES and NQ (ES entered at 3769.50, stop 10 points) - exit ES at 3936 - looking for a low before Powell, ideally in first couple of hours of the trading day - 3721-3709SPX and possible extension (less odds) 3680SPX (has a perfect 1.618 fib for the ES extension lower) - will buy lotto calls if we see second number - exit at the EOD ideally at 3770 level I will be entering with some lotto Monday puts if we get EOD rally and fail before the close Most important number is 3721SPX tomorrow! Closing below will bring 3660 and 3636SPX next week if not lower! There is a potential crash scenario on Monday if we get the rally into the close and fail to close on the highs. Have a good night!
SP:SPX
by RealTima
23
SPX tested the broken out trendline from the top, pushHere is last chance for the bulls to push into the close, levels to watch are 3802 and 3817 on closing level I have set a buy order at 83 with a tight stop (if it gets there again, will be a good r/r imo) Bull flagging Must close above 3786 at min for any bulls to have hope for another push to 3802-17 at min. My thoughts are either we see 3710-21 tomorrow am and rally into the 27th, or the opposite, we fail again tomorrow at 3817 and go down to 3720 and even 3680-36 by Tuesday
SP:SPX
by RealTima
19
SPX both supports broke down (added ES chart)We got my green open but it didnt really continue, I did few longs, still have one running in case its bottoming here But wont be surprised of bigger down days to come, 27th should mark some sort of a low in turn around Tuesday. I think we hit 3680 at min, be careful on the long side. The price is so weak cant even bounce much, means consolidation for lower levels. 3721 and 3636 are both maj supports to watch! (on closing level) Its a short the rip game till its not As you can see only ES is holding from falling apart
SP:SPX
by RealTima
SPX is at its support trendline off Sep 1st and 6th lowIt was a crazy day, as always after FOMC. Im expecting this move down to reverse completely and more by Fri. - Main resistance is at 4012-15SPX on weekly closing - Daily resistance is at 3802-17, 3850-55, 3895 and 3935 Tomorrows support (if the AHs price wont be reversed by the open) levels: - 3752-50 - 3721 - 3680 I expect 3721SPX holding strong on closing level and wont rule out an overshoot to 3680SPX SPX daily targets 3475-85SPX by Oct 28-31st ES support trendline hit - resistance is at 3825-35 for tonight If we open green or flat, it will be a bullish sign and I will be looking to enter with longs and ride it till at least over today's highs. Otherwise will be looking to buy at 3752 and 3721SPX tomorrow for a good size rally back to 3890-95 or so. No point to over trade this but trade the levels of importance Have a good night
SP:SPX
by RealTima
6
SPX one more big bear channel visualizationA slightly lower into my 3802-17 level will be a perfect hit of the lower trend channel. NQ already broke its on to the downside! Important to note A right shoulder fake rally will be perfect before it really drops into Oct/Nov lows Also dont be surprised if it breaks, then look for the retest of the broken trend channel from below P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
14
SPX possible H&S pattern targets 3500 or soI have changed the color theme on my chart and removed everything I could to make it clear for those who are having troubles reading my charts. Look what I just saw! Let me introduce a possible pathway after tomorrows FOMC announcement. On June 15th we have spike up and had a big range day. Then next day the price gaped down and made new lows. I see kinda similar pathway were we either make a new low in am - 3802-17 and maybe 3795, then rally up to 3925-65SPX level to make a right shoulder. (I prefer 3955-65 in case we see low of 3800 in am) Then the price can start moving fast and get below 3700 even by Friday, bottoming on the 27th in Tuesday turn around structure. That low can be as deep as 3500! I have fibs supporting this possible move down from 3680 to 3500 So my plan for tomorrow, exit shorts (partly) in am and go long for a FOMC squeeze. Then short the close and hold into the 27th low. Please do your own risk management as the price can be very volatile and will take both sides in stops (been there done that) 22nd is a reversal day of whatever day we get tomorrow and should bottom or top on the 27th. So if in fact we see selling after the FOMC, then I will be looking for a long at the end of the day instead of shorting the hole. - 3802-17, 3752 and 3721 are the support levels to watch! I will leave this right here. Feel free to share this update with anyone. P.S. (Sometimes Im getting interesting comments like my charts make people seizures (those people dont even follow me). Just want to make it clear, that Im not here to make it pretty, Im not selling a anything to anyone or make money out of my posts. I do post my updates just to share with those who will appreciate that work and use it for their own homework. So please no need to even follow or see my charts if you cant read them, that means you're very new to the markets and need to do more study and learn simple stuff like moving averages, support/resistance lines as well as trendlines etc. All my charts are working progress, please respect that as well as my time)
SP:SPXShort
by RealTima
34
SPX to hit 3802-17I missed am short, now waiting for 3802-17 to go long. Wont rule out a move down to 3750 tomorrow before FOMC The way I see it is that we will bottom today tomorrow and rally back to 3880+ after the FOMC decision, then completely erase the move by Fri. Should bottom on the 17th and rally up into EOM early Oct, then continue lower Dont try to trade this, very choppy designed to take both sides. I got chopped with stops here, now entered with short and exit at my 3802-17SPX level P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPXShort
by RealTima
6
SPX to retest broken trendline from the bottomMain resistance for the SPX is: - 3942 - 3952-60 Support cluster is still the same: - 3802-3817 - 3750-55 and much lower (check my last SPX update) Im currently long ES and some SPY calls and will be adding to my swing short NQ position tomorrow and ideally on Wednesday. - 3955 and 3975 are the 2 numbers where I will be adding to my short position. In case of a super bullish case (like the one in NQ going to 12700), next resistance level to short is: - 4025-35 So far Im looking for lower level, again please see my latest SPX update (link above) And I think there is one big move down is coming up very soon. Ideally we bottom on the 27-29th and rally hard into early Oct where we should see lower prices printed before this is over and another 11-14% rally starts Have a good night P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
4
SPX Weekend quick updateI was busy all weekend, this update will be quick. Still seeing this as a bear market, well it is for the past 9 months wasnt it. The main trend is still down! Please note those purple lines are the unfilled gaps, will be gone each time the price will fill those, otherwise act as magnet to fill, depends on the trend Looking at the price action, I can see 1-2, 1-2 development (Im not an EWT pro or do I want to be at this point) to the downside and much lower levels into Oct/Nov low. Also think, that this bear market will merge into Q1 2023 and should bottom sometime in Apr/early May As for this upcoming week of Sep 19th: - Im looking for a day or 2 muted bounce and continue lower after the FOMC decision. - If we see the opposite, a drift lower into the FOMC decision, then I would be looking for a long right before the announcement. I think we will bottom this week on the 21st-22nd, or make a intraday low next week 27-29th. Friday price action wasnt what I expected and limited to the downside by holding 3850 level. I dont find that level important to hold and think its a low level of support at this point. The most important thing on Friday was this - the price gaped down below my 3880-86 support level, which was much stronger then 3850 level. So I think this can still get to 3802-17SPX early next week, ideally on Monday and then move up into a muted action to 3950-60SPX level and reverse lower from there. Main weekly resistance is 4155-60 with 4015-25 in the middle. Support levels: - 3802-17 - 3750-55 - 3735-40 - 3720 - below last number nothing but air till 3636 and my ideal target of 3580, 3550-55 and 3500 even. My main target for this move is at 3200-10SPX! And I think we will see lower into 2020 higher lows in 2023 Im looking to buy longs tomorrow in 3802-17 zone or just short 3950 zone. No need in over trading this but the levels of importance! Have a great weekend, do not over trade, this bear market will get both sides, wait for a good setup to take with higher R/R odds P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
17