Spx500short
SPX quick update - Main closing support is 3820Just got time to do an update.
Very important to close above 3820 today, otherwise we will be on the way to my 3730-60 zone, 3750 will become the next target.
If we close below 3820 today, I will short any rip and do some lotto puts.
On the other hand closing above 3820 will get me long for tomorrow
Broke 3820 already, could be an ugly close
The S&P 500 could fall another 23% in a worst-case scenarioThe S&P 500 is settling into a bear market that could push the index down as far as 3,000 in a worst-case scenario. this scenario is estimated to happen by mid 2024.
Best regards.
SPX still pointing to 3980 zone to hitSPX can retrace a bit tomorrow, 3810-30 should hold.
Looking for a rally up to 3960-90 zone from there.
C&H possibility is still alive!
SPX SHORT - JULY 2022
On the back of good employment figures from last week, price action shows a likely leg down for the S&P500 as we end the bearish run in the near term.
The lows of 3866 from Friday July 8 might be tagged early this week of July 10. If we see a liquidity hunt there and subsequent rally, look for the highs at 3949 to be taken. My idea is that this will lack follow through and result in the beginning of the next leg down to approach 3500. My entry short will be at 3948-50 and stop loss 4050 with targets at 3900, 3860, 3800,and 3500 in extension.
One alternative scenarios is that the break of July 8’s low has follow-through to the downside and not enough bulls to retest 3948. In that event, I’ll be looking for sells with targets above.
Another alternative scenario is that the break of 3948 does show follow-through, in which event we’d look for a lasting move above 4000 to invalidate the trade idea going short, and turn me into a bull looking for longs.
S&P500 (SPX500) Double Top And Orderblock EntryHi Traders,
S&P500 (SPX500) Double Top And Orderblock Entry is the trade of the day. Price has created two tests at 39835 and then fell from there, This has resulted in a Double top formation.
Price has come back to retest the broken neckline of the current double top. I have taken this entry as we have a few confluences coming into play which are the following.
Price has left an order block at 3895 which is now being retested. Price is also retesting a neckline at the exact same price. Price is in a downtrend and this could be a place for the extension to the downside.
My target is the low of 3672 where I will close all my positions.
Do not over risk.
Renaldo Philander
possible C&H targets 4240Its a very deep C&H but still can be valid. NQ and ES have a better looking formation.
All we need here is to get above 3955SPX and then we are off the races.
Its a long way up, resistance levels are:
- 3913-15
- 3965-82
- 4075
SPX500 with a potential fakerally!Hey tradomanics,
looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance.
I will give it a shot and go short from here on.
What do you think?
SPX - Its all about closing above 3838-40, otherwise down3838-40 is the dividing line for today, failing closing above it will get us down to test new lows.
The markets are weak with not being able to close the highs for several days, a warning sign
SPX looking for 3720-30 zone test and hold or double bottom hereLooking for either a double bottom here or a 3720-30 test
SPX longer term updateThis is a quick update with levels of importance.
I will update in more detail those who are on my email list, cant do it all.
So
I think we will see a really this week and I have 2 targets - 3880 and 3960-90SPX
Both are good for the lower lows to come sometime mid of the month, ideal bottom target is July 14-18th.
The top in 3960-90 zone actually better fit with expected by me 3500 test.
3500 is a very important level and failure of that level will get us to 3200 very quickly.
Off that expected low, Im expecting a good size rally, maybe a month or month an half (into end of Aug) all the way to 4300 and maybe even 4425SPX.
From there we will see either 3200 or 2900-2800 (depends on the July bottom 3500 and 3200 respectfully) sometime in Oct.
That low alone will be a one big A wave of the correction and the bigger B wave will go up into Jan and final low might come in Mar of 2023, unless its really extended and we wont see the low till 2024. But its too far out to speculate at this point.
So my this week trading plan is to exit longs at 3880 and it taken out re-enter to ride to 3960-90 zone and then I will be naked short for the trip down to 3500 zone.
If we lucky to see 3750-60 tomorrow, then I will be long for the trip to 3880 at min.
SPX500USD Shorts Coming This weekHi Traders,
S&P500 Has a similar structure to the Nasdaq and the Dow Jones, Right now I see a few points of interest where I may take a short position. I would like to see Price reach 3895 where I would look for potential sells seeing that price has made a lower high at 3950. Keep in mind that Price is yet to make a lower low and if we do reach our point of entry it may be the best place to enter the short for a lower low.
Price has left an imbalance at 4080 which still has the potential of being filled. Knowing this, I will be very conservative with the entry at 3895 where I will wait for rejection and then some sort of bearish candles before entering.
Let's be sure to smash this week, Remember to be patient disciplined, and very calculated with each trade. Many Traders tend to bring the gambler's mindset into their trading.
Best Regards,
Renaldo Philander.
us500 trade ideaUS500, high chance that correction continues until it reaches at the median line, previous swing high and strong resistance.
Once price has reached the level, we will have a nice opportunity to open a short pos.
SP500Weekly TF is trying to turn bullish and make the C wave bottom of the minor 4th wave and could be starting the 5th wave to the fib extension target 5430 and probably over shoot.
US500/SPX enters into a bear market The last time this happened was in 2018 but the market some how management to rally which resulted in a false breakout.
In 2020 the market came back to this level and spiked around this area before turning into an almost 2 year rally.
2007 was a different story as market broke structure and the result was a sell of that lasted one year.
What will happen in 2022? Will the bulls take control and result in the SPX hitting another all time high.
Or will we see similar events of what happened in 2007 which resulted in a huge sell off that one year.
sell at 3898 and take profit at 3833 so 1.70% 65 full ptsoverbought short time frame
near filled/or filled the gap of 13 june
he have much power btu i not think he wil go much up than now before back to 3833 pts
if he go up like 3950 pts i not put a stop loss but add 1 lot and so when he back to my enter pts 3898 so i will cut both and will be in big gain also.. if he go up liek crazey and i m wrong so i will not be alone and it will be much crazy
SPX must close above 3800 for tomorrow to continue upWatching the close here.
Its really must close above yesterday's lows, above 3801SPX for tomorrow to continue this move.
Failing closing above 3800 wont be good going into EOW tomorrow, below 3780 will be bearish for tomorrow's open imo
Must save the day with EOD squeeze. Closing above 3825 will be perfect for tomorrow's continuation
SXP500 Index: Big game ahead. Are you ready?Today we are here to talk about the SPX 500 index
What's on the market now:
The index is trading at 3818. In the previous trading session, we saw price stabilization. However, in my opinion, although the correction actually took place from the last local maximum, the correction has not yet reached its local bottom in the region of 3780 - 3750.
Today we are waiting:
Today, I expect the market to decline to the 3780 - 3750 zone. We may see an increase in the market decline, but if the market can turn around and the correction is broken, then the market will continue to rise to the level of 4050.
What I recommend:
If you want to go short:
It is too early to open short positions now, it is better to open them from the level of 4050, limit your losses.
If you want to buy:
It is better to refuse to buy the index and stocks now, the index has not yet reached its bottom in the region of 3750 - 3700.
If there is a positive mood in the market from the level of 3750 - 3700, then you can buy, limiting your losses.
If you are not in the market:
If you are out of the market. I recommend that you try to go short around 4050. But if you want to buy, then I recommend that you go long from the 3700 level. Remember to always limit your losses.
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S&P500Possible short , after a bos and pullback to th 1hr ob, & we also have support turned into Resistance on the level. Sl above ob and targeting the lows or 1hr ob
SPX not a bullish looking to my eyesThis is not a bullish close to my eyes, the whole day was just a consolidation.
The only good thing I see is holding 3800, so if we gap below 3799 overnight, then we will see 3760 next. Mid support is at 3780, low support is at 3734
Next support is not till 3662 and below!
Looking for that low to be bought and rally into Fri close.
Note this - closing below 3992 on monthly level will get us to 3200 next!!! So very important day tomorrow. And from where we are now its quite a distance to close above that number!
More pain is coming into the market next month! It seems that the rally will come after the July low. Im still looking at 4300+ but want 3500 to get hit first
P.S. There is a higher chance of seeing 3662SPX then 3992SPX, we are really at the no mans land now, pick you side 50/50 here. I would prefer lower first and run to 4017-20SPX after.
Its all about gaping down below 3799 and gaping up above 3840SPX tomorrow
