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Spx500analysis

SPX must take 3997 to continue higherVery important to get above 3992-97 tomorrow to continue this move up! If we reject it in am, very dangerous sign. Ideally we go up into that target, then retrace and go above 4k level. The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish. The issue is, we need a confirmation and trade above Thursday close. Also the 3992-97 resistance zone! Last time we failed that test, the rest is history. So tomorrow numbers are going to be an important market mover imo, Projected high is on the 5th, low is on the 7th and high is on the 12-13th, ABC like move up is what Im expecting Main resistance is at 4025SPX and the 4076-80SPX Very important - the surprise is on the downside! This has a potential to crash hard, have stops! Have a good night
SP:SPX
by RealTima
25
SPX very muted reaction to Fri sell offI was expecting a better rally off today's lows. Main support cluster is 3910-50SPX Main resistance is at 4125 and 4160-65SPX One more support is in 3992-96 zone Was looking for a low on the 29th, we got that, tomorrow will be a tell if we get a reversal Tuesday. Im planning on buying the longs tomorrow if we make new lows and hold into the 2-5th high. NQ already hit 2 targets and one more to go (doesnt have to go lower, so careful with shorting). We are in bottoming timing zone, must note that!
SP:SPX
by RealTima
8
SPX end of the week updateI had no time to post this last night, but I did the ES. We did hit my upper target at 4210-20, reversed and never looked back! Was looking for this move for several days now, but it came so big, I didnt expect to have so much of a move in 1 day. This gives me more confidence on my lower target zone to hit 3930-50SPX So for today's close 2 very important numbers are: - 4157 -4125 Closing below second number will make me even more confident of seeing that lower target next week. Main supports are: - 4078 (expect a good bounce from this number, ideally to test 5150 level) - 4050 Main daily resistance is at 4177 now have a great weekend
SP:SPXShort
by RealTima
23
SPX must watch number for the close is 4135.30!Watch 4135.30SPX number, closing below will flush tomorrow and vice versa! 1h is showing a positive divergence when 15min is actually setting up for a flush, RSI is below 50, MACD below 0. It should give one way or another! Very interesting thing is this, next stop is at 4069-80 and nothing till 3951! On the upside must close above 4140.20 for a push higher. Resistance is at 4140, 4211 and 4308.50 (again) My bottoming timing is on the 25th
SP:SPX
by RealTima
17
SPX flagging, there is a good setup for a good size gap down SPX flagging, there is a good setup for a good size gap down tomorrow. Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern) If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close. If this is what will play out, then we should re-test 4308.50-23 on Monday with a gap up and crap. So must watch number for tomorrow is 4189-4207. Must gap down below 4255 to have this setup more probable! Some good setups are coming, just need to be patient. Maj resistance is at 4308.5SPX on closing level.
SP:SPXShort
by RealTima
26
SPX needs a Gap Down below 4255-57 tomorrow...Quick update. The price needs to gap down tomorrow below 4255-57 to confirm the top being in place. Usually this type of the move trap bulls for long, so as long as we gap down hard tomorrow, I can mark the top being in. There is still a room to squeeze to 4330-34, but Im not really playing it unless I see a good setup. If we gap up tomorrow, will have to revisit my charts. Tomorrow should continue today's day, we had a reversal to downside and if this is real we should see a low on the 22nd-23rd, small bounce 23-24th and last low or higher low on the 25-26th 24th is a panic cycle day! Mark it on your calendar Numbers to watch tomorrow: - Maj resistance is the same - 4308.50 (on closing level) - First main support is at 4255-57 - 4220 and next is at 4175 - Ideal target of this move is at 4125-46 Ideally we should see something similar of a move from EOM Mar high. You can revisit a gap down below 4520, which was retested and never seen since after. Tomorrow's move should be a start of the first move down, fits with cycle lows into 22-23rd or 25-26th, then a rally into Labour Day high/lower high. The week of Sep 5th is a panic cycle week, so a gap down from there is expected to trap all the bulls, especially after staying long over the long weekend. Have a good night
SP:SPXShort
by RealTima
2