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
Spx500short
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
SPX next week pathwayIm looking for an ABC move up tomorrow for a new high 3815-35SPX (if we wont take Fri lows)
Ideally we bottom in ES deeper then the cash price and cash will get its 50% retracement hit in am tomorrow, then we go up to close the Sunday opening gap
Then we should fall hard into 34 handle territory.
My timing is a low in Nov for the year and Jan high, then Mar/Apr maj low of this move.
Note this:
Fed is removing $40B by Nov 15, then aprox $20B/week through the EOY
So dont expect Santa being nice to the bullz...
SPX updated Fri chartFibs are on the chart, so far stopped at 50% retracement, I would expect 61.8 to get hit today, right into the resistance trendline (black line)
Yesterday's box was resistance, now its a support, use that if you want to go long (if we get a pullback today)
I was expecting this rally, but missed am entry, had one NQ running on the long side from yesterday and that was closed at the open spike.
I have also added back to my swing short MNQ (was closed those at 645 and 685 mentioned pre-market on that spike down), not doing anything else, as this can stretch up into the 7th and I dont want to increase my short position here.
You saw how they can do destroy both sides with am fckery, so have stops if you are in green, do not let your trade turn against you!
Again its Friday, DO NOT OVER TRADE! Dont give them back your weekly gains!
SPX - I got you all targets hit! Well we hit all the targets outlined on Oct 30-31st.
Now if we wont hold today's lows we will see mid 3600
- I have a box zone at 3665-75
- and 3641.50-50SPX as the next target zone, where 3641.50 is a Maj support on closing level!
- Supports on the way are
- 3718-20SPX
- 3689SPX
Resistance:
- 3791-3803
- 3907 is where the Maj resistance again
Also I want to present a possibility I was taking about on Oct 31st update of a bigger H&S where its working on the head at the moment.
I did some calculations and there is a chance we see 3552-89SPX on this leg down, that would be a perfect spot for the head to stop.
Can extend into 3500 zone as I expect the whole move to be retraced in full from Oct 13th lows (mentioned this many times)
Will post the H&S chart here in a bit
Selling SPX into rallies.US500 - 7h expiry - We look to Sell at 3807 (stop at 3847)
Trades at the lowest level in 8 days.
Broken out of the wedge to the downside.
The formation has a measured move target of 3629.
We are trading at oversold extremes.
Preferred trade is to sell into rallies.
3810 has been pivotal.
Yesterday's Marabuzo is located at 3807.
Our profit targets will be 3672 and 3629
Resistance: 3807 / 3810 / 3845
Support: 3672 / 3629 / 3600
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 Weekend updateThis will be a quick update.
As long as we hold 3907-13SPX on closing level we should see lower going into Tuesday am, then up into 2nd/3rd high.
Another possibility is we bottom on the 2nd and reverse into the Midterms with higher levels to be seen, maybe even above 4-4.1k zone
I really have no good support till the support cluster zone at 3739-3750SPX
There are 2 supports on the way, look for 2 grey lines below the price.
Ideally we gap down tomorrow and wont look back till 3750-40 zone is tested then a rally back to 3918SPX before the Fed decision.
Im having a dilemma is we see a low or a high on the 2nd (pre-FED), ideally its a low and not the high, as I want to see a good push into Midterms with the high to be seen on week of Nov 7th.
Then I would expect a strong move down to at least re-test of Oct 13th lows + or -, if not 34 handle.
Its getting to a point where it can breakout, cant rule out that.
If we do, we should see 4-4.1k and no way higher then 4300.
Nov is a bearish month when going back to Mid-Term elections and since its a bear market, I expect Nov to be a red month with Oct being the high month.
Tomorrow am will be a telling story, so far futures are slightly down and we have a gap from Sunday open, futures gaps always get filled!
Will those be filled after a strong move down tomorrow into the 2nd or it might get filled before the open or in am at top.
Again all eyes on 3907-13SPX as a maj resistance going into tomorrow.
If the price closes strongly above that resistance tomorrow, I will get long into Nov 2nd high.
So far Im swing short and quite under the water from Fri close.
Its going to be a very volatile month, so dont get emotional thinking that you're missing the train and jump when tomorrow it all can dramatically change
SPX rejected its resistance, ES got its gap filled from SunNothing much to add today, another rejection of the top.
As noted on Sunday, ES and NQ gaps (all futs gaps) always get filled, so it happened in am.
I did long from 3901 and exited at 3922ES just for the am dump to take my gains with stop losses.
I did few trades from 58 and 53 level, already exited
SPX price is below the opening range and cant re take it, putting pressure for lower to be seen.
I have a long order at 3814.50 and 3815ES, want that to hold and break only after the FED announcement fakeout.
It seems its going to put a pressure lower into Fri numbers and rally into 7-8th if not the CPI release on the 10th.
Then Im looking for much lower into week of 21st of Nov.
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
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.
Trend channel is brokenIm not buying till at least first support is tested.
Tomorrow should mark the top if it was not done today.
Im not trading the "last move up" as it might or might not come.
Those who are in ATH camp will get destroyed like they were all this year.
Its not going to bottom (for the year) till Nov low and the bottom would not come will Apr/May next year and it can be so much lower from where we are now!
SPX to stop climbing?US500 - 7h expiry- We look to Sell a break of 3812 (stop at 3867)
Prices have continued the bullish move higher and resulted in 3 consecutive positive days.
A lower correction is expected.
Price action has formed an expanding wedge formation.
A break of 3813 is needed to confirm follow through negative momentum.
Further downside is expected.
Our profit targets will be 3680 and 3650
Resistance: 3863 / 4280 / 4550
Support: 3813 / 3505 / 2800
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.