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
Spx500long
SPX positive divergense, not going to push anything just yetSPX there is a good setup for a push, will it break to the upside or just break, no idea.
Im leaning lower into EOM regardless of the outcome.
I will trade the breakout or breakdown test
On daily the chart is looking for lower, yesterday and today's candles are bearish to my eyes
The market is ready to turn, will it?Analysis of the spx 500 index 10/27/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3830. Yesterday we saw a stabilization in motion and a decline in the market, as I mentioned earlier idea link below. In the near future, I expect an attempt to develop a correction. Today I expect that the market will continue to develop a correction and reach its bottom at 3780-3750. However, if this attempt is broken, then the market will continue its growth, where you need to look for places to open short positions from the level of 3970.
What I'm looking forward to today:
Today, I continue to expect the beginning of a correction and an attempt by the market to go down to the level of 3750. However, the market also has the possibility of a sharp fall in the index, so long positions are prohibited.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from 3950 which would be a perfect place to sell this week, limit your losses.
If you want to go long:
Long positions are prohibited, limit your losses.
If you are out of the market:
Long positions are possible from the level of 3750, but it is risky. If you want to open a short position, then it is better to do it from the level of 3970, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index. Press your thumbs up. This will give me more motivation.
See you next time!
Bye!
US500 two possible scenariosS&P500 might be at the end of his short-medium term rally to resume the bearish behavior.
the price can continue to a higher target 3140 where a previous high.
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.
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!
I'm going all in.Dear Trading View Fam,
I will throw everything at this level as I have a bias that the bottom for the S&P has been reached. My speculation is based around that by the time the good news comes out and the sad news of unemployment numbers increasing, the bottom is nearly always in before hand. I think we have reached peak fear and fear itself has become a bit of a bubble.
Even if the bottom is not in a reasonable rally needs to happen before we even consider going lower. As price doesn't go up forever, it also doesn't go down forever.
This is my personal strategy and have no fear max bidding the running of stops below 3600 and closing of gap. I think earnings come out relatively neutral and that should be the catalyst to sweep the 3600 levels.
On the lower time frame it should look like a reverse head and shoulders pattern.
A small reminder that what I will do is considered to be classed as an irresponsible trade and please don't copy trade. However for me my gut is telling me buy and TA is telling me to sell. I'll go with my gut on this one.
Have a great week all.
3605 a small but important level before the rise to 3840.Analysis of the spx 500 index 10/20/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3695. And over the past trading day, we saw a slight decrease in the index, but there was no sharp drop, the market continues to be in the support zone. Today the market has every chance to fall to the level of 3605. However, if this attempt is broken, the market will fall to the level of 3200. Thus, globally, nothing changes.
What I'm looking forward to today:
Today at the open, I expect the market to try again to drop to the level of 3605-3670. But there is also a high probability of a sharp fall to the level of 3200 on the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 10.20.22
What I recommend:
If you want to go short:
Short positions are possible from the 3840-3815 level, this will be the ideal place to sell this week, limit your losses.
If you want to buy:
Long positions are prohibited.
If you are not in the market:
Long positions are possible from the level of 3605 - 3570. If you want to open a short position, it is better to do it from the level of 3840 - 3815, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to me and you will always be aware of the movement of the S&P 500 index. If you want to help me promote my content, then press your thumbs up. This will give me more motivation and help promote the content.
See you next time!
Bye!
Buying SPX previous resistance.US500 - Intraday - We look to Buy at 3687 (stop at 3613)
Buying pressure from 3560 resulted in prices rejecting the dip.
This is positive for sentiment and the uptrend has potential to return.
A weaker opening is expected to challenge bullish resolve.
Support is located at 3680 and should stem dips to this area.
Dip buying offers good risk/reward.
Our profit targets will be 3857 and 3900
Resistance: 3840 / 4140 / 4600
Support: 3680 / 3590 / 3200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SPX has turned positive?US500 - Intraday - We look to Buy at 3674 (stop at 3598)
Following yesterday's bullish candle, the overall trend higher looks set to continue today.
A weaker opening is expected to challenge bullish resolve.
Support is located at 3670 and should stem dips to this area.
Preferred trade is to buy on dips.
Our profit targets will be 3850 and 3900
Resistance: 3850 / 4150 / 4630
Support: 3670 / 3270 / 3000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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!