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!
Spx500short
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.
SPX 500 above 200 weekly MA After a drop of 28% from the peak, SPX has bounced up after touching the 200 weekly moving average.
It does not indicate a trend change but rather seems like a bull trap in the overall bear market.
FED is meeting between 1-2 November and volatility is expected.
If you are entering longs, protect your profits with tight stop loss.
Things can turn down again very soon.
Actual levels for opening short positions 3860-3950.Analysis of the spx 500 index 10/25/22 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 3797. Over the past trading day, we saw an increase in the index, without any attempt at correction. Today I expect the market to peak at 3860, where the correction will begin. If a slight correction starts today, then its bottom can be expected at the level of 3730. 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 3860.
What I'm looking forward to today:
At the open today, I expect the market to try to drop again to the 3743 - 3715 level. However, if this attempt is broken, then the market will continue its growth to the 3860 level.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from level 1 - 3860, level 2 - 3950 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 level of 3652.
If you are out of the market:
Long positions are possible from the level of 3652. Limit your losses. If you want to open a short position, it is better to do it from the level of 3860-3975, 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 spx 500 index.
If you'd like to help me promote my content, please hit the boost.
See you next time!
bye!
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.
SPX500: I'll keep being bearish until 4100Hi Traders,
This is my view for this week on SP500
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————
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!
SPX is in decision modeIm always honest with my homework, I dont like to have several counts to be always right.
At this point Im seeing both scenarios:
1 - We break the orange trendline and we are off the races to 3900-4000 (not preferred)
2 - We break 3500 or Oct 2nd low, we see 3380-3410 at min!
I'm in lower lows camp, as you know. But the window for the strong move down to start is just almost out, has to start tomorrow!
- The bull flag noted on the chart cant be unnoticeable! If it breaks, that's it for lower levels until Midterms!
- On the bear side, we have perfect H&S as well as the price being so weak and bounces being so muted, its ready for the crash to start, it just needs a little help to push the markets off the cliff!
Will we have that catalysis? I bet yes, the question is when!
Will repeat again, November is a panic month. Can be an avalanche of events! War, elections, bonds going off the roof, all the economic issues around the globe.
My conclusion here is this:
- Im net short, I will flip if we get above that trendline shown on the chart and enter on re test. I dont want to do it as it will cost me in stop losses
- Im not adding to short till we break 3500 or Oct 2nd lows!
- If we break, we will see 3380-3410 and then should have a good bounce to 3500, then it will be another perfect show for a move down to at least 3200-10!
Have a good night everyone!
P.S. Please press that rocket button below, push this chart up for others to see.
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SPX broke down, nothing changed since amHi everyone,
I slept in today and did few things around house, needed some time off the screen.
Yesterday wasnt a good day for me, I had some losses with stops, its not an easy market to trade, too wide stops get triggered as well.
Im doing swing trades now only till the first extreme hits.
So far its short the rip game and Im looking for the first test of 3650SPX
Targets to hit are on the chart
- 3640
- 3580
- and then new lows!
Im still expecting down move to new lows, crash scenario is off the table.
At least that is not what Im warred about.
BUT I still expect 3212 within a month time frame and ideally 28 handle (super ideal is 24 handle:)
Shoot me questions, Im on my computer now!
Will post other charts next.
VIX to hit $60+ imo and that could be my 28 or 24 handle