Spx500short
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
S&P 500 USD - Black TuesdayA crash is coming in the stock market in the following days: probably this week or maybe next week.
The last intermediate cycle lasted for 80 bars and ended on the 16.06.2022.
The new intermediate cycle rallied to the 200 SMA then dropped into the DCL on the 9th Sept. The new daily cycle is only on day 14 - we are in this daily cycle - and it is close to the support of 3634...
If we we are having the same length of intermediate cycle like the last one then we are going to break 3634 this week and drop to 2962.
If we are having a longer intermediate cycle ( 100-120 bars) then we are going to bounce from here for a few days and break 3634 a few days later sometimes next week.
As the dollar seems to working to print its multi year top these days there is a good chance that the support zone is going to break tomorrow or Wednesday this week.
SPX is at Very Very Very Dangerous zone!Hi everyone,
Im on vacation from Sunday to next Sunday, but I will be trading and will be still posting updates.
I dont want to call for a crash here, chances for it are super slim.
Any trade must be protected with a stop and only you as a trader can make the decisions on what to do with the information you're getting.
Must do is your own homework!
Again do not mortgage your house and go all in as this can be a very well one big bear trap!
Im looking for that final move to be over by end of Oct or early Nov regardless. (updated about this last week Thursday or so)
My target zone is 34 handle by the time window outlined above with ideal target being 32 handle.
Below it, the markets are in real troubles!
Can it be a crash, I don't know, I'm too far out to predict such things.
Here is my quick but important update:
- I wont rule out another low on Monday am and in fact I will be shorting on Sunday if we get a bounce.
- That low can be lower 52 week low or just 3610SPX test
Levels of importance
- 3640.50 (again)
- 3610, below this level comes
- 3550-40
- 3511
- 3480-85 all SPX
Resistance is at 3735-45; 3775-85
Here is my 1h chart
On this chart I have outlined support levels, when/if broken you know whats coming next!
IF we get a strong rally into Wed, I will not be holding longs at all, line none! I will only do options (puts) on what Im ready to loose.
So here is a clue to how low this can fall in a very short time:
- check the fibs from the low of 2009 to the high this Jan, check where is 78.6% retracement is
SPX500 SELL IDEA - 10.12.22They took out Monday's highs from the beginning of this week already and we still have that low intact -- so I'm going along with the trend and selling and targetting those two lows we have below.. lets see what we get.
I targeted that FVG + BREAKER as the entry which is why I entered there.. We also tapped into 0.705 perfectly which was nice to see. wicked it and the bodies closed at the 0.618. My target is 3571.75.
SPX pivot points!Check out how the daily Pivots aligning!!!
I expect S2 to hit if it break this week!
- 3228SPX, my target was 3212, close enough
Ideally we hit S3 on this one!
- is at low 2800!!!
Perfect storm is getting ready!
If we rally tomorrow, I will short EOD close and add on Wednesday
Dont tell me that i didnt warn about this possibility of much much lower levels to be seen in end of Oct to Nov 21st week timeframe!
Timing is everything is this game,
Do Not Get Trapped!
Ideal Sell trade of the day -- 30M trade Idea --
Confluences: broke below Breaker -- Previous OB had support at that Breaker (Which also had support inside a previous 45m FVG it rejected) so I expected that price was not needed to come back into this breaker again -- We also had a lower 30M fvg which we tapped into and did not need to fill, as it just tapped into the low of that fvg for liquidity and then sold lower.
We can also see that we had a Gap from the opening week which I did not mark on this chart but will show here: (BOLD RED LINES)
We can see we had major support and resistance there for manipulation lower very quickly to tae the lows and tap back into that previous orderblock.
9AM open was the EXACT time we tap into that 30M FVG and sell heavily.. talk about manipulation ... haha
we then take the lows from Asian and London ( London had already tapped Asian lows however I sure there were people who re-entered once more after getting stopped out)
It is now 11:52 and we are getting a retracement back into the Asian midpoint from our session earlier today, the question is will it become a support or be a resistance since we are tapping below it..
However, This is an outline of the ideal trade idea for someone who just wants to get in and out of the markets by a certain time. My aim is to be on the charts by 8:30-9am so that I can catch the retracement of the day. I don't need to catch the whole move. I want to be in and out of the markets. I am learning to control my greed because ultimately that is what causes you to lose your profits. Confidence and Determination to execute your trades is what is needed in order to be truly successful. That is why I am creating a robotic system that I don't need to think it can be just a pattern that I follow on the daily basis based n what the market gives me.