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Spx500analysis

SPX supports to holdThe price is finally giving up, recent history is showing that the rallies are lasting 2 days, will it repeat today and we close red, we will see. Numbers of importance for today: Support: - 3749 (on closing level) - 3712.40 - 3680-88SPX (Again this number as an important) support, now becomes an ideal target) - 3640.50 is a final must hold on any close today and tomorrow Resistance: - 3830 - 3860 - 3875 Tomorrow must be very careful with longs! this can really fall tomorrow if no turn today.
SP:SPX
by RealTima
8
SPX must take 3675 for higher levels to be seenI really want to see 3675SPX tested and then a move above it after a retracement. The down trend channel is important here, so all eyes on 3675SPX! Im out from my Fri longs at 3645, will re-enter Also closed my SPY 346 calls at BE, very happy with not loosing there:) Please note, all the purple lines are the unfilled gaps! 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
11
SPX500 Update to Sell IDEA (L taken)To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct.. This is the trade I am currently in targetting 3628.75. -- SL NOW AT BE - We had distinct lows all 3 were higher lows than the other.. However, today we broke the previous low from MIDNIGHT EST at 9:40AM right before the news came out. We come to take all the Internal liquidity created within NY session to then continue the sell. We had a Breaker and FVG waiting to get tagged as well as the Breaker from the previous low that was taken earlier this week as resistance. There are other confluences I just can't think of them at the moment but will add any notes or anything interesting below this thread.
CME_MINI:ESZ2022Short
by BDripTradess
15min SPX is about to give buy signal, but will fail imoVery weak day today. I want 3636 test and fail from there to close at the lows. Very important level to watch on closing level as mentioned before. So many are trapped since yesterday and the gap might not close till Wednesday next week at min imo Also no one would expect another 100 points trim tomorrow, everyone is looking how "oversold" it is and pray for a bounce. All we get is muted reaction and more selling. Tomorrow should mark temp bottom imo
SP:SPX
by RealTima
7
SPX is looking lower as wellI wanted one more high today to short and the price is just so weak, its unreal! This was my NQ update from last night No more longs for me till the quarter end tomorrow! All eyes on 3636 and 3600SPX on closing level! Closing below 3636 will bring mid 3500 (3555-45) next, then 3500. Closing below 3600 could cut another 100 points plus tomorrow! So far it bounced off my support (grey line below the price), that support is less important then 3636! So be very careful here! Also I wont aggressively short it, as the window for the low is tomorrow/Sunday (for futs) I will be taking off all my swing MNQ short tomorrow and wont hold over the weekend. Next week should get us a relive bounce into 6-7th high, then this can continue! Closing the month below 3600 will bring 3200 on the table for the next month or Nov too be seen This is not the time when you go all in with longs, have stops or wait for the extreme levels to come to enter (much safer bet)
SP:SPX
by RealTima
3
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