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Spx500short

SXP 500 index: New pivot point Today we're here to talk about the SPX 500 index Today: The index is trading at 3666 and in the last trading session we saw a sharp drop from the local high that I mentioned earlier, here is a link to the idea. Now is the worst time to buy in the market. The market is still waiting for big sales. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 40 - 37 85. But if this movement is broken, then we will see a further fall of the market to the level of 35 50. What I recommend: If you want to go short: It is better to open short positions from the level of 37 40 - 37 85, but limit your losses. If you want to buy: Shopping now is too risky. If you want to buy it is better to wait for the bottom of the market around 35 25 and buy there. If you are not in the market: You can try to go short from the 37 85 level or wait until the market bottoms around 3550-3500 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
SPX resuming decline to 3500 from H&S patternAfter a traceback and hitting neckline resistance, the SPX rapidly resumed its decline to the head and shoulders break target of 3500 as shown on this chart. Failing to hold that line will result in a further decline to the 3200 level. Looking at overwold RSI WEEKLY levels, i would venture to guess that we'd see a bounce (to what extend, i do not know) around either of these two areas. But in order for there to be a complete reversal, we will need to see the VIX hit 50 or higher before there is total capitulation. But without this, we may see continued, griding decline. We also want to see a rise of RSI off the bottoms in order for this to happen as well.
SP:SPXShort
by grenadetrade
SPX Long Term View 4300 becomes the main resistanceMy weekend update is a day early, I will update those who are on my list with a bit more details on shorter time frame view tomorrow. We are in a bear market and those 5500 callers got destroyed all the way down calling every bottom from Jan. This is my long term view and I think we have bottomed here today or super close to it! I got targets for the potential bottom left, all SPX: - 3643 (came super close to it today) - 3688.50 - 3555 We clearly had 5 down or A completed on this move! Now the time for the B (still think this will be an ABC correction going into Mar of 2023) My main target now is 4300, down from 4425. Extension target now is 4425-45 down from 4600 110MA (descending every day) becomes the main magnet for the move up to hit at least I got 2 main targets to hit for the C, one in Oct/Nov of this year and next one is Mar of 2023. Ideally we see the first target hit and then some sort of damage control move into the EOY close and finish up in to 2600 handle (2800 at min) in Q1 of 2023. I was saying for a while now, that the whole move from 2020 will be erased this year, its getting supper close to it now! That yellow dotted line is line in sand for the bears and bulls, break it above and test it from the top will make me change my view to the whole view and look higher. Before it happens its the main line Im paying attention to now. Have a nice day P.S. next week should rally up and ideally we make a higher low end of the month before the window dressing rally
SP:SPX
by RealTima
29
SXP500 Index: Now there are few buyers in the market. Today we're here to talk about the SPX 500 index Today: The index is trading at 3735 and in the last trading session we saw a movement to the target zone of 3700. Here is a link to the idea. However I believe the market has not reached its bottom yet. Sales are still possible on the market. Today we are waiting: Today we are waiting for an attempt to move to the level of 3650. Although the market shows signals for a reversal, there are still very few buyers. What I recommend: If you want to go short: It is better to open short positions from the level of 3850, limit your losses. If you want to buy: Long positions are prohibited. If you are not in the market: You can try to go short on the 3850 pullback or wait until the market bottoms around 3650-3630 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
SXP 500 index: New Pivot Point for Short Positions Today we're here to talk about the SPX 500 index Today: The index is trading at 3750 and in the last trading session we saw the sharp drop that I mentioned earlier here is the link to the idea. Now the market is undergoing a period of stabilization, but there will still be sales ahead of the market. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 00 - 36 50, but then the time will come for the market to stabilize and rise to the level of 3850 - 3880 What I recommend: If you want to go short: It is better to open short positions from the level of 3850, limit your losses. If you want to buy: Longs is prohibited. If you are not in the market: You can try to open shorts from 38 50 or wait until the market bottoms around 3550-3500 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time!
SP:SPXShort
by kvatoo_FX
SXP 500 index: Terribly terrible day. The shock is yet to come. Today we're here to talk about the SPX 500 index Today: The index is trading at 3900 and in the last trading session we saw a sharp drop from the local maximum. Here's the link I mentioned earlier. Now is the worst time to buy in the market. The market is in for a huge sale. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 50 - 38 00. What I recommend: If you want to go short: Short positions are better to open on the market, but limit your losses. If you want to buy: Longs is prohibited. Positions must be liquidated. If you are not in the market: You can try to go short or wait until the market bottoms around 3550-3500 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
5
SPX is looking for the 5th down or completing the C wave downIm not an EWT expert but this looks to me like completing the 5th down or the C wave of the bigger A wave down! THIS IS THE BEAR MARKET!!! 6th month and rolling now. All those 5500 coo-laid smokers were destroyed 6 months straight! Typically the bear market is lasting 2 years, I expect the maj low in Q1 next year. Its 6th onth now, so this move down should follow by a very strong rally soon (Mar like) The FED is on Wednesday and I will not be in short or be short on that day or maybe even since Tuesday! We closed below 3909SPX on Friday, targets 3850 or lower (warning email was send to my email list people second part of Fri). ES already below 3855 3855 is the maj resistance now with following 3885-4k zone. I got several targets for this move down: - 3805-09SPX maj support - 3765-80SPX Some other calculations are pointing for much lower levels! - 3665SPX level and, - 3555!!! Something to be open mined to. Ideally we hold 3800 handle, below is very bed! Notes from the chart 4170-90SPX is the main resistances now Resistance - 3855; 3885-4kSPX (must hold for continuation lower) - Low target for tomorrow 3805-09, 3780SPX - Buy if seen in am, dont buy if we see higher first - 3818-20SPX mid support, - 3805-09 and then 3765-80 zone is the maj support zone Buy zone for tomorrow with stops! - 3805-09SPX - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon) Short - no short on the FED day or even after Tuesday - 3855SPX and 3885-4k, no short above 4025 - Low (intraday) was on the 12th (about to get renewed); - Long from 3855-65SPX zone (email was sent when the price was at 3867-68SPX) Larger ABC pathway down into Oct/Nov low or more of the year is in play imo Final target in 3000-3200SPX zone Potential 5 waves down is forming! Next mid Jun low can be lower low! Have to be careful with sizing
SP:SPXShort
by RealTima
4
SPX is on the way to 3885SPXWell we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54. Im seating on my hands and looking for 3885-89SPX to hit to go long. We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX 4215SPX will the be the main target on that move up. Supports on the SPX are 3929, 3908 and 3885-89SPX Weekly support which must hold is 3853SPX, closing below will get us to low 3800 and ultimately to 3775SPX. My view is that we will hold 3885SPX, but dont rule out a test 0f 3850. Ideally we just blast from am lows and finish the move down on Monday/Tuesday.
SP:SPX
by RealTima
7
S&P 500The index is moving within the forecast, we saw a pullback from the 3850-3920 zone. We tested the previous strong support level, which became a strong resistance of 4120-4200, then we saw a flat at the level. Globally, I expect the markets to fall further, both fundamental and technical factors indicate a continuation of the fall. We will soon find out new data on inflation, and next week the Fed is expected to raise rates again by 0.5%. All this can trigger an update of the lows. The next serious support zone is at the level of 3500-3250, but the price may show pullbacks, I do not expect a drop in one candle. For the S&P 500, this will be 30% down from the highs, it is possible to expect a market reversal from these values, but it will be necessary to look at the fact of approaching them and accumulating at these levels.
SP:SPXShort
by kEril_420
2
SPX is set a last test lower before a rally upSo far so good from the other day update. We should test 4090SPX at the open with ideal test of 4077 and 4062SPX and hold today. Holding 4060-75SPX level will produce a good support for a move up to 4215-25SPX and ideally all the way to 4300. After the next high this week or early next, will set us up for a move down to 3885SPX test! Only after 3885SPX tested, we will have a nice multi week rally all the way to 4425-45SPX and possibly even 4600. Dont get trapped!
SP:SPX
by RealTima
12
SPX short term is bearish, medium term is bullish!SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300! Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high Buy zone for tomorrow with stops! - 4060-65SPX - 4055SPX light level of support - 3927; 3908SPX - 3885-90SPX is the main buy zone - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon) Short - 4175-70SPX and 4215-25, no short above 4225, next target is 4300
SP:SPXShort
by RealTima
1
SP500- Bulls MUST hold 4070-4100 zoneLast week was a very good week for SP500, with the index reversing strongly and rising back above 4k important figure. However, after reaching 4.2k, SP500 has started to drop and now is trading at 4120. It remains to be seen if this is just a correction for the previous leg up or a resumption of the downtrend, but one thing is clear for me: for SP to remain bullish it needs to stay above 4070, if not, a new visit to previous low is very probable. Although at this moment I don't have an open trade on SP500, my opinion is that the downtrend is not yet done and we will have a new low around 3.5k in the medium term. I will become bullish if the index manages to get back above 4.3k
OANDA:SPX500USDShort
by Mihai_Iacob
10