S&P 500 Building Up A Short PositionRising Wedge, nearing 0.786 fib, major resistance nearby, low momentum above the 200 DMA and upcoming economic reports are all reasons i've been building up a short here on the S&P. Swing trading with a final target at 3400 over a several month timeframe, and a SL at 4160.
Spx500short
SPX Model Trading Plans for FRI. 12/02: NFP FridayFed Pivot Hope Turning Into a Bull Trap Nightmare?
After 20 days of meandering around 3950/4000 level, the index rocketed out of the range to a session high of 4093.50 on the FOMC day, 11/30/22. This morning's Non Farm Payrolls data could be suggesting that it could potentially be an "irrational exuberance", and the futures' reaction so far post-NFP points to this proving to be the case. Of course, how the index trades in the regular session and how it closes today will hold further clues to this.
Trading Plans for FRI. 12/02:
Positional Trading Models: Our positional models went long on 11/29/22 at 3950.89, with a 40-point trailing stop. The long rode the post-FOMC spike up and stayed long for another session, finally hitting the trailing stop yesterday with an exit at 4060.51 - for a gain of 109.62 index points!
For today's session, models indicate going long on a break above 4040, with a 35-point trailing stop, and going short on a break below 4008, with a 36-point trailing stop. Models also indicate instituting a break-even exit once a trade is in profit by 12 points.
Aggressive Intraday Models: For today, our aggressive intraday models indicate going long on a break above 4040, 4022, or 4007 with a 9-point trailing stop, and going short on a break below 4018 or 4000 with a 10-point trailing stop.
Models indicate long exits on a break below 4054, and short exits on a break above 3991. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31 am ET or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check our results to see for yourself how our published model trading plans have performed so far! Seeing is believing!)
IMPORTANT RISK DISCLOSURES AND NOTICES - READ CAREFULLY:
(i) This article contains personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned.
(ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article.
(iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions.
(iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance.
(v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided.
(vi) All opinions expressed herein are subject to change at any time, without any notice to anyone.
SP500 is facing a lot of resistances. Warning for bulls!Since the spike low at 3500 on 13 Oct, SP500 had a pretty good run and has risen around 15%.
However, fundamentally we are not out of the woods yet, not by far, and also technically there are big warnings on our chart.
First, the rise is clearly corrective in nature and is unfolding in a rising wedge, more often than not, this leads to reversal and resumption of the overall trend, which is down.
Second, between 4100 and 4200 there are a lot of horizontal resistances.
Third, the index is now in the zone of the falling trend line that started in January this year.
All this for me translates into a greater probability of a fall to 3800 than to rise above 4300
Selling rallies from this point on also could have a pretty nice R: R for swing traders.
SPX500 about to fall? Key-Level-Alert!Hey tradomaniacs,
SPX500 just pumped up towards a major resistance-area where a lot of bearish confluence is possible.
Generally I must say that the recent pump caused by Jerome Powell seems to be SUS as his entire speech was pretty hawkish.
I also think he doesnt really want stocks to move up as it would not ease financial conditions and boost inflation.
However, technically a good spot to watch! Either for shorts or a break to the upside!
What do you think?
SPX 4H Analysis📈Trade Idea📉
🟡 #S&P500 Index 4H
✍️We can have two trading scenarios for this index. Considering that S&P is in the Equilibrium range, it can move as a continuation movement (CP) to the supply ranges in the chart (Premium), of course, with the condition of penetrating and closing a four-hour high candlestick (PDH-PWH). In this case, consider two scenarios for trading.
In the first scenario, you can use the supply ranges specified in the chart to activate sell orders.
The second scenario is for traders who are looking for a long stop in this index, they can use the block order limits specified in the chart. For trading in these areas, you can place your trade as a limit by observing the stop loss.
🟢Minor Order Block >🟢3640$ -3684$
🟢Major Order Block >🟢3740$ -3780$
🔴Minor Order block >🔴4080$ - 4120$
🔴Major Order Block> 🔴4165$-41250$
📊Poc (Point of Control) : 3960$
⚠️ Margin 1% For each position.
⚠️Use Tight StopLoss.
✍️Desert Eagle
📊Analysis Method SMART Money
Concept + ICT+ Volume Profile
(DYOR)
📆11.27.2022
⚠️This Analysis will be Updated⚠️
💸Good Luck Traders.
FIBS CONVERGE - .612 .382 SPX AND ES1 SHORT PRICE REJECTION
37 minutes ago
Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use
1. The Fib from Jan 4th high calls this the .382 Resistance line
2. The Fib from Aug 16th high calls this the .618 Resistance line
3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES
Note the declining volume the higher she goes
Notice how the EMA CLOUDS mark key TURNING points marked with circles as it rose into the cloud
EMA Cloud where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Swing Trading 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high-level price over or under 34-50 EMA clouds confirms either a bullish or bearish bias on the price action for any timeframe
SPX - US500 @ 200 EMA - TOPS CALLED BY 200 EMA the 200 day ema has called all 2022 TOPDS - now again
In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. Traders who employ technical analysis find moving averages very useful and insightful when applied correctly.
****** VOLUME DROP OFF THE HIGHER SHE GOES
******* STOCHASTIC CALLS IT WAY OVERBOUGHT
HOPIUM - on slower rate hikes may prove to be premature when next CPI and FOMC meeting takes place in 2 weeks....
On the way to 4110-4150, waiting for a pullback again.Analysis of the spx 500 index on November 23
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 the level of 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said earlier, the next level of growth for the index will be the level of 4110-4150. Although now the growth seems obvious, there is still a chance for the market to develop a correction. Globally, I expect the market to continue rising to the 4150-4250 level, this forecast is confirmed as there is a lot of free money in the market due to the reduction of funds and their positions in bonds that I mentioned earlier. Also, we can expect that these volumes will go to the market, and we will see a sharp increase in the index. However, if this attempt is broken, then we will see stabilization in motion and an attempt to roll back the index to the level of 3860.
What I'm looking forward to today:
Today at the open, I expect an attempt to roll back the index to the level of 3970. But since there are new volumes in the market, therefore, there is still a possibility of a sharp increase in the index to the level of 4115. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4110-4150 level, limit your losses.
If you want to go long:
Long positions are possible from the level of 3860, limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. 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 Boost if you agree with the current market situation.
Thank you!
See you next time!
Goodbye!
SPX gapped up in am and retested the trendline from the topSPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night.
I did warn that this can test 4007SPX, its getting close to it.
Did few long trades in am, not touching this till tomorrow.
FED should be a perfect catalysis for the top.
If the price will hold 3946-49SPX tomorrow instead of making a new high and crap, then I would be looking for another extension to 4068 with holiday volume by the 28th high.
From where I do expect a strong move down into Dec 1st low.
Dec 1st low should produce a good long opportunity and ideally it will hit 3744-50SPX.
Should see an easy 150 points into Dec 6th if not more.
The setup is coming and its tomorrow.
I will be on most of the day and will tweet my trades life.
Get ready. The end of this correction is near, a key moment.Analysis of the spx 500 index 11/21/22 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 3949. Yesterday, as I expected, we saw an attempt to increase the index at the market opening, i mentioned earlier. However, there were few volumes on the market and they were enough to maintain and stabilize the index. Thus, yesterday’s attempt to grow was not realized.
And so today the market will have another chance for the growth of the index. However, today in the morning the situation on the market is different than yesterday. Many market participants saw the weakness of the market and the hesitation of buyers. This will be a signal to experienced players to reduce their positions if the index fails to grow. This will cause the index to drop sharply.
What today:
Today at the opening of the market, rates are rising, the market is expected to be likely to move sharply. The index will have one last attempt to rise to the level of 4110-4150. However, if this attempt is broken, then we will see a sharp drop in the index to the level of 3860 and below.
What I recommend
If you want to go short:
Short positions are possible with a sharp move down. You can go short if the market goes down sharply, but limit your losses.
If you want to go long:
Long positions are possible with a sharp move up. You can go long if the market goes up sharply, but limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. 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 Boost if you agree with the current market situation.
Thank you!
Bye!
SPX has a perfect gap fill confluence on Dec 1stI really like what I see here:
- Longer term broken to the upside downtrend line test from the top 3744-50SPX
- As well as the gap to close from CPI numbers 3748.85SPX
All comes to Dec 1st.
Number to watch for tomorrow is 4010.50SPX on closing level.
- If the price gets to 4007SPX I will short with a 10+ points stop
Maj support is at 3744SPX on closing level
As noted before, I expect a strong selling into the EOM, ideally we mark a high on the 25-28th and sell hard from the 28th high.
The month of Nov will have a lower close then Oct month.
Ideal downside timing date is Dec 1st for the low and a high (wave 2) on Dec 6th.
From there the price will produce some strong selling into 3389 and ideally 3212SPX by the Dec OPEX or few days later.
A small recovery into EOY and high in Jan with crash from there.
Next year will produce a great long term long opportunity imo.
Have a great night
"Soft Landing" for stocksThis is just an idea of a "soft landing" for stocks. The level marked is technically the last gap that could close to the downside when it comes to this cycle. I'm still on the page of being all in at that level as I still am of the essence that a bottom has been reached for stocks. Of course all this can change the moment something breaks.
If this does play out it would be a reverse H&S pattern.
Exciting times to say the least. Good luck everyone, going to be a fun ride.
SPX had 61.8 retracement on that chimney spikeSo far its a text book 1-2 setup to the downside.
2 targets are on the chart with the red arrows there pointing to each target
I did few longs today and now positioning myself short
Ideally the price sell into the close and we see lower next week for a 22-23rd low
Have a great weekend and dont over trade during the Fri OPEX fckery
SPX Fake Rally?As we continue to monitor the broader index market we see many discrepancies between the S&P, Nasdaq, and Dow Jones. All 3 are not displaying the same level of strength, but what they do all have in common is signs of weakness with this last rally. Although I'm open to the idea that the markets have bottomed, I still think its more that we still have 1 more leg down at this moment. I continue to see signs of weakness with this last rally, divergence, over-bought indicators, and topping patterns are all showing right now. That doesn't mean the market has to make new lows, but at the very least I would expect a higher low to develop. I would be extremely cautious over the next few weeks/months until we see the market start showing signs of strength again. I believe the current investor sentiment is persistent optimism, which is not good for the markets. We don't know if we'll see a higher low, or a new low, but I would be prepared for the worst-case scenario, which would be the markets pushing down to the $3200 support level. We have a lot of historical support in that area, including the weekly 400EMA and the bottom of our down-trend channel where I think it's likely we see a bottom.
Remember, be patient, level-headed, and don't follow the crowd.
SPX 500 index: When will the current correction end?Analysis of the spx 500 index 11/15/22 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 the level of 3946. As expected earlier, the market started to correct. And yesterday we saw the price reach the 3920-3900 level which I mentioned earlier. Now the market is in the zone of consolidation, and will leave it when there are new volumes of money on the market.
Today, the market is in a sideways movement, however, I expect an attempt to increase the index to the level of 3975-3990, but if experienced players enter the market, then we will see a sharp movement of the index to the level of 3860. However, if this attempt is broken, then the target for the index will be 4150.
What today:
Here are my trading recommendations for today.
Today I expect the index to stabilize and try to rise to the level of 3990 and then the index will try to move to the level of 3860. But if this attempt is broken, then we will see a sharp increase in the index to the level of 4110-4150.
What I recommend
If you want to go short:
Short positions are possible from the 4110 - 4150 level. This would be an ideal place to sell this week, limit your losses.
If you want to go long:
Long positions are possible from the 3860 level, this would be an ideal buy, limit your losses.
If you are out of the market:
If you are out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. 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 Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
ES above 4001 it explodes, below 3960 goes down to 3900-10I have marked resistance to take and support to break.
Did a quick long from 3972.5 long and already out at 3983.50.
I will jump on a wagon if it break either side, so far no mans land, need to see the real move here.
My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long with a stop.
There is a clear bull flag and as well as roofing pattern on the charts, so really need to see a move in a right direction to enter into a trade, waiting at this point
There is a turning day tomorrow and the day after.
I wont rule out a cycle inversion and a high on the 21-22nd instead of a low.
The maj resistance/support levels were provided.
Closing above 4010.50SPX will be bullish going into the next cycle of importance.
There is a huge option flow to expire on Fri, so a fakeout and dump from there is very possible
A close around 385 will be ideal to kill all the premium out there. There is also a big 390 put wall for this Fri exp.
Main support for the SPX is at 3750.
Daily supports are at 3950-52SPX and then down at 3907-13SPX
Have a good night
SPX is gonna continue the bearish TrendHello!
SPX is in a Descending channel. The Price is gonna Keep falling for now it seems. the Price haven't touched the top of the channel yet so this means the price will Increase a bit before Descending further to the point where it touches the bottom of the channel.