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.
Spx500short
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.
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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.
Also feel free to share my charts with anyone, lets get 1k followers, means my work is important for others to see.
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
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!
Triangle broken to the downside, casious of VIX OPEX flowEven if the triangle is broken down, it still can spike up into tomorrow.
watching 3680-83SPX.
Im holding my swing short, will add if we see higher levels today.
Quick ins and outs
Main resistance is at 3798SPX,
Support is not even close at 3565-70SPX and below, they are minor, weak.
I think we will have a range bound day into tomorrow, cautious on both sides, even if I lean towards buying the dips today
This bear market rally is weak and every one of them is getting weaker and weaker.
There was no pain on the market, no heavy selling, no one is calling to their broker to sell their position as they all being told this was the low!
Its coming though...
SPX can be at the begging of a very stip downtrend channelSmall disclaimer:
- Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame!
- When we are out of the crash window, I will reduce this possibility to bare minimum!
For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below 3450-55SPX, then its in a clear fall.
- Invalidation point is a move above 3840-50SPX on closing basis. Then the whole pathway is a trash
Perfect first cycle low early Nov, if not last day(s) of Oct and main cycle low for this year is on week 21st of Nov (+2 or -1 day).
Supports are on the chart, again if it starts falling (which I think we will) soon.
First big low should come on the 24th of Oct imo.
Moon cycle crash window is from 20-24th.
If it misses, then no crash and maybe we just bottom at 34 handle or 32 handle (my ideal target all year) max.
Please keep in mind, that this is not my main pathway till 3450-55SPX is broken on daily level, must close below it, better for 2 days straight.
I will be updating support levels on the go (if this plays out), but main support levels (lines) are on the chart.
Will be updating more in this thread tomorrow with smaller timeframe charts
SPX EOW Close ChartWell its a very bad close imo.
Bullz have only one chance to hold todays close in B wave down and rally up to 3800 even!
But if it instead (higher odds imo) we crash from the open, then my pathway will be
- Down to 3400
- Bounce to 3500
- Down to my 3212 (better hold it)
If 32 handle wont hold, we will see 2855SPX by 24th!
Be ready! Im sure majority is not ready for this type of scenario!
Also I think we bottom EOM or early Nov, how low only the GOD knows!
Im short lots of SPY puts but will do ES and NQ short on Sunday after I see the opening reaction of the futures.
Have a great weekend
Selling SPX into swing high.US500 - 23h expiry - We look to Sell at 3710 (stop at 3780)
Buying pressure from 3580 resulted in prices rejecting the dip.
The trend of lower highs is located at 3721.
The bias is still for lower levels and we look for any gains to be limited.
This is negative for sentiment and the downtrend has potential to return.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 3510 and 3450
Resistance: 3800 / 3980 / 4160
Support: 3450 / 3210 / 3000
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S&P 500 Index Analytics: The collapse is close.Analysis of the spx 500 index 10/17/22 Today we are here to talk about the SPX 500 index.
What's on the market now:
Today the index is trading at 3583. And yesterday, as expected, we saw a sharp drop in the market, which I mentioned earlier. Today, I expect market volatility to continue. The market will still be volatile for a while. Globally, as I said earlier, the market goes to the level of 3200. However, it still has a small chance to rise to the level of 3800. In my opinion, the market will try to start this attempt from the level of 3550-3570. However, if this attempt is broken, we will see a sharp drop towards the 3200 level.
What I'm looking forward to today:
Today at the open, I expect the market to try to rise to the level of 3630, but then the movement to the level of 3550 will continue. There is also a high probability of a sharp fall in the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 10.17.22
What I recommend:
If you want to go short:
Short positions are possible from the 3840-3800 level, this will be the ideal place to sell this week, limit your losses.
If you want to buy:
Long positions are prohibited, limit your losses.
If you are not in the market:
Long positions are possible from the 3200 level, limit your losses. If you want to open a short position, then it is better to do it from the level of 3840 - 3800.
Like and subscribe, thanks!
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.
See you next time!
Bye!
SPX500|Stock market closes down again!Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
The already familiar picture of the S&P500 market goes down for the weekend again...
On Monday, at the opening of the market, I expect a continuation of the downward movement to the $3,550 zone, followed by $3,490 LOW, I think that's where we can be loaded at the beginning of the week, it all depends on further events from the Fed.
The latest PPI data was higher than expected and the markets reacted negatively, both the Bitcoin chart and the SPX500
I think that before raising the key rate we will be able to return to the $3700-3850 zone, but locally the priorities are downward for the next few days.
S&P500 For the first time since the COVID sell off the SP:SPX closed the WEEK below the 200 SMA at 3583 points, for the previous three weeks the index was trying to test the support of the 200 SMA but after the heavy selling pressure in the other indexes TVC:DJI NASDAQ:IXIC and NASDAQ:NDX .
SP:SPX has broken the support to the downside and most of the stocks are closing at the lowest prices after breaking most of the medium and long-term supports. on the other hand, the indicators are confirming the same view as the RSI is below its moving average at 36 level, also the stochastic is still giving sell and weakness signals.
A small rebound is expected as a correction in the very short term closing the long positions, and opening short positions are recommended.
SPX 2 pathways, all the same resultMorning everyone,
I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again.
The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it!
I see 2 possible pathways:
- first is the price is working on the right shoulder and will push much lower next week. My ideal pathway
- second is the touch of the upper channel of the trend channel ABC black line.
If second, we should touch 3600 and hold, then push for the final move to hit 3815-20SPX
Its Friday, do not over trade, let the trade come to you and then press!
Im swing short into EOM!
SPX main target for the whole move down is at low 2400!Sometime things are super simple!
This low wont be even lower then 2020 lows!
I did expect the 2020 lows to be re-visited since Jan-Feb of this year!
Well its coming imo
Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know.
I would like to see that low to be seen in Nov and Q1 next year to be a higher low.
Then we rally so hard into 2025-26!
Have a good night