Spx500analysis
SPX short term is bearish, medium term is bullish!SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300!
Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX
On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high
Buy zone for tomorrow with stops!
- 4060-65SPX
- 4055SPX light level of support
- 3927; 3908SPX
- 3885-90SPX is the main buy zone
- 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon)
Short
- 4175-70SPX and 4215-25, no short above 4225, next target is 4300
SPX ready for Y to 3219Im tracking SPX Elliott Waves and SPX is about to close a Flat ABC (yellow). Next targets are 3582, 3220, 3002 and even 2633 is possible. Also Fed should announce new Rates hikes... everything is sync to present new oopportunies lower.
Cycle Wave 4 top entry fibs are
in between
0.3 - 3573 and
0.5 2743
SPX Planned Formation Update 5/23/22Right now we are experiencing the early stages of a big breakdown on the SPX
I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart
A break down like this will be disastrous, but not the end of the world
The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to come.
The Aptiv chart shows also a great representation of this within the Fibonacci circle, with a big extension (similar to that on SPX) leading to big downfalls to complete the broadening wedge pattern
I have made charts of this in the past please check them out
Above is the smaller formation VS the larger formation we can see on the Monthly timeframe
Above is the original post
SPX Updated Thoughts 5/19/22I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
S&P500 - Quick Chart AnalysisFor what it's worth, I'm dropping a very basic analysis of the current price action for S&P500. It seems that the price is resting on the middle trend line of the descending channel.
The risk-takers might want to open a long order at the current level of $4,150 with a target at $4,400 and a stop loss below the recent lowest low, which is $4,060.
I personally will be trading with the trend and have an order set up at $4,400 to short the index. The stop loss is slightly above that level.
SPX500 New Entries + Exits (Best Reverse + Momentum Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
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!
SPX500 with potential Peek-Sell!Hey tradomaniacs,
SPX500 has tested the current upper trendline and could continue its way down as recent attempt to break has got rejected with a fakeout.
As always I`m very cautious here due to the current volatility and uncertainy of the market.
Generally we can assume that rising rates are putting stocks under pressure which is why I`m currently staying on the bearish side.
A breakout could of course cause another correction to the upside, but as long as this level holds we have a potential peek-sell here in case of another rally sell-off.
What do you think?
SPX500 likely to MOVE UP!Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So far the day has been a mess, buit the previous breakout did not cause another rally which is a strong indication for a reversal due to exthaustion by sellers at the bottom of the day.
Liquidity turned out to be pretty bullish as we head into the after-lunch-session and I could imagine to see a strong breakout here to the upside (short squeeze).
Let`s see what happens =)
SPX500Decision time soon, are we in a 1,2 1,2 EW wave pattern that is bullish leading to 5,130-5,200 wave 3 target?
Or do we loose critical support now and start the bear market, nuke to 3,200.
I discuss in my analysis why I'm leaning towards option 1 where we hit W3 soon to 5130.
Whats your opinion? Comment below.. Thanks and BigMike loves you.
S&P 500 See, according to the existing page, our external harmonic bat pattern enters the fall from 4632 to 3875
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Fibonacci says we may have a 50% return, maybe up to 38 Fibonacci and sometimes 23 Fionachi will go back.
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We now see 4 strong downward contexts
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But this 200 pp rise does not mean that stocks are rising
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With this situation, the news that indicates inflation in the world and traders are going all the way to gold.
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I hope you are not fooled by HFT institutions in transactions
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We are the market fuel, so let 4500 be completed and the market trend be determined