"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.
Spx500short
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.
Last attempt to take 4050 or wait for a rollback?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 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 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!
Reposting my weekend update for those who didnt see itMy weekend update was banned as noted other place, Im re-posting now:
I have cycles top on Tuesday and choppy period into 22nd low
The way I see here is that the price is about to finish the wave 2 and 3rd wave will bring the price down into third week of Dec.
Dont see and Santa Rally this year, it should be a Santa Crappy.
Nov month should be lowest monthly close when Dec will be higher and Jan 2023 will be another lower monthly close.
Intra day low might not come till Apr or even May.
I have volatility rising from tomorrow all the way into EOM .
I do expect a good down move tomorrow, which will be bought.
Main support now is at 3910-15SPX and smaller degree support at 3950-58SPX
Resistance and target on the upside are on the chart with notes.
Maj resistance on closing daily level is at 4010.50 SPX and weekly at 4116-18.
Ideal target for the high this month is 4118SPX level, might very well top in mid 4000
The way the price is going is not bullish but a bear rally, those can extend and be super fast (we got second part already)
Main support is at 3750-55SPX now, below it top is in.
My game plan for tomorrow is buy low 39 handle for a move up into Tuesday high.
I have exited my MES short from Friday close at Sunday open and flipped to long from 83.50 and 84.50. Already took profits at 91.50 and 93.50 zone.
Im long some MNQ and my main position is swing short MNQ.
I will trim most of my long on Tuesday high.
Possible targets for Santa Claus Rally: 4060-4250-4400Analysis of the spx 500 index 11/11/22 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 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment.
The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880.
Where will the market have a chance to start the Santa Claus rally.
What I'm looking forward to today:
Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4060 level, limit your losses.
If you want to go long:
Long positions are possible on a rollback from the level of 3880.
If you are out of the market:
Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, 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!
SPX bounced off resistance, all eyes on 3907SPXSPX must close above 3907 today to confirm the breakout!
Bounced off resistance on this move, super extended and overbought now.
Resistance is at 3933SPX, broken trend channel test from the bottom
I have trimmed my longs (from yesterday's 3755-60ES entry) before the CPI, oh well, cant win them all.
SPX is still in its opening channel
Tomorrow is a directional change day, will confirm the breakout if the price stays up above 3907 and can get above 3933SPX
Volatility is rising into Nov 23rd, I still expect lower into that day, only after a good rally up into EOM
For now day trading for me with a core short position
SPX can possibly limit down tomorrowWant to make a special disclaimer here:
Do not bet your house on this if you're trading futures (ETF option market is closed) as I might be completely wrong!
I want to present you a possibility of another mini crash tomorrow (Oct 13th like) maybe even limit down!
If CPI comes hot tomorrow am that could produce another huge sell off like we saw on Oct 13th.
CPI poll, make your bets here, share with others:
strawpoll.com
There are several big issues out there which can contribute to a potential move down:
- Treasury reduction,
- Crypto crash (leading imo),
- Hot CPI,
- 10 year action,
- Midterms uncertainty (10000% rigged again)
- Liquidity is a bigger problem then ever this year (there wont be a bid till it's limit down imo)
- Lunar eclipse
- Also SAR produced 3 days dots above the price, means the trend is lower and we have a perfect 1-2 setup to the downside
Now lets talk about the price and levels:
All we need is an open below 3689-3700 and continue sell from the open
Supports are at:
- 3689 SPX
- 3610-45 SPX (support box) where 3610SPX is the maj support, loosing it we get down to:
- 3543-52 SPX
- 3509 is where the limit down target is
- Below 3500 it will not stop till 3415SPX!!!
So if this happens you are ready and prepared to trade it.
Opening below 3689-3700 will act as a maj resistance for tomorrow and all stops must be there.
I will add to my short either before the CPI or right after.
Trail short from the open and seat back and relax, as if it goes, there wont be any good bounce due to lack of liquidity.
Ideally we see a ramp up into the numbers, but with the election results it could be muted and we wont get a desired rally.
Ideal resistance for tonight is at 3780-85ES, I will be closing my longs from 3756 there and flip short with a wide stop.
So again, this is a potential I see for tomorrow, if Im wrong and CPI comes lower then expected we could see a decent rally up to 3900 if not 4k (not in one day of course)
Analysis of the S&P 500 index: The big game begins…Analysis of the spx 500 index 11/09/22 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 3828. Yesterday the market continued moving towards the level of 3820-3845, which I wrote about earlier. However, at the moment, I see all the signals for a market reversal and its movement to the level of 3440. Like yesterday, today a lot will be decided by the election result, but at the moment there were already sales in Europe and Asia. The market reacts negatively to the elections, as I expected. Large and medium-sized hedge funds are shrinking their portfolios, increasing volatility. However, such actions may provoke a sell-off in order to diversify risks for clients. What is likely to cause a sharp movement to the level of 3440 and below.
What I'm looking forward to today:
Today I expect the index to move to 3750, however, if the fall accelerates, then all long positions should be closed. There is also a possibility of a sharp movement of the market to the level of 3660.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the level of 3830-3850. But you can also try to open a position in the market, limit your losses.
If you want to go long:
Long positions are prohibited, the market is likely to fall sharply to the level of 3440.
If you are out of the market:
Today, as yesterday, long positions are prohibited, limit your losses. If you want to open a short position, then it is better to do it from the level of 3830-3875, limit your losses.
But if you see anomalous behavior in the market, like a sharp rise, then it is better to stand aside, although the potential for growth to the level of 3970-4050 remains, but at the moment such an event is unlikely.
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!
SPX can be in a much bigger H&S patternIf this H&S plays out/triggers we will see the price in 3k zone
For now there is a support box for the move lower.
Expect unexpected, as the price was tested so many times on the downside, it can break next time it does test it.
Also if this is a start of the wave 3 down, it will be fast and with min retracements, so be careful when trying catching the knife
Sar dots on daily are printing from the top 3rd day in a raw, 4h just joined the party
VIX and UVXY got very green already
Im swing short and my timing for the low is 21-22nd of Nov
Should move down into 10-11th low, then up into the 15-16th and final push to 21-22nd low