SPX support is at 4077 and 62, Im leaning bullish from the openIm long here, tight stop, next long will be at 77 and 62 respectively.
The bulls are running out of time to push higher, the max Im expecting is 4215 or so test as a fakeout move and then a full retracement down to 3885.
Hard market to trade, unless you trade the range, which is not easy as well. Probably will stay in one till the DEF meeting
Spx500short
SPX Short ZoneAs we look to further Short zones we can hold OFF on the bullish price action. We are approaching our KEY 100 MA and also The top of a price channel.
This short is likely to be for those who are Swings/intraday. This does NOT mean buy now, it means wait to sell.
Trade lightly and incorporate DCA.
SPX500 likely to FALL!HEy tradomaniacs,
looks like SPX500 is about to fall due to the last overshoot and breakout - retest scenario.
Yesterday we`ve seen news about the liquidity which hasnt been that low for a long time, means we can expect more big moves to the up and downside.
The market will wait for upcoming news before we get more volume and eventually less volatility.
Technically a good spot to sell.
What do you think?
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!
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
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
SPX ready for Y to 3219Im tracking SPX Elliott Waves and SPX is about to close a Flat ABC (yellow). Next targets are 3582, 3220, 3002 and even 2633 is possible. Also Fed should announce new Rates hikes... everything is sync to present new oopportunies lower.
Cycle Wave 4 top entry fibs are
in between
0.3 - 3573 and
0.5 2743
ES(SPX)Bulltrap? may fall 30% to 3400 if H&S neck@4128 is lostMy thesis: The pandemic drop was 35%. The sentiment now is even more bearish. So I use that drop as a fractal to guide me where SPX may react at certain critical levels going forward.
BEARISH CASE: I super-impose the pandemic top onto the recent wave b turning top at 4640. SPX fell but bounced from 3800 but was rejected by 4200 with the oversold RSI already turning down. 4200 is approximately where the weekly ema10 & the violet VWAP from 4640 top is located. It means the average price of those who bought at 4640 is still at a loss.
SPX is also rejected by the base of the Ichimuko cloud.
The reason I said this may be just a bulltrap is because 4128 is the neckline of the H&S pattern from 4808 ATH. SPX many times overshoots previous highs, trapping buyers before turning down. 4200 technically is still inside the zone where SPX may be rejected by the neck. If the 4200 to 4000 zone does not hold in the next few days, then the measured move of H&S may play out pulling SPX down to 3400(a 30% drop from ATH).
Other strong supports are 3500 (27%drop to 0.50 Fib retracement from pandemic low to ATH & also approximately WMA200). 3200 is a 34% drop to 0.618 Fib. (Remember the pandemic fractal is also a 35% drop).The downtrend continues & 3800 may not hold this time.
BULLISH CASE: there may be some consolidation in the next few weeks within the 4200 to 4000 zone before SPX gains strength to BO above the 24Jan first low @4212. This also is a BO above the falling wedge. Price action may follow the fractal to break a new high in early 2023 reaching the 5200 to 5250 red zone. (A 1.618 Fib of the H&S height).
Not trading advice
SPX US STOCK MARKET CRASHPoliticians, Illuminatii love crisis. In fact, they are the ones creating the crisis like wars, health pandemic, .....
Financial Crisis like 2008 was one of their favourite.
The sign were here:
- Stock market overheated.
- Real estate and housing bubble
- Crypto bubble.
As much as I love to see Bitcoin detach from Stock market however, all of shitcoins, NFTs hype have to go to their true value: 0.
People may pick up Bitcoin from the ash of the another financial burn like 2008.
SPX Planned Formation Update 5/23/22Right now we are experiencing the early stages of a big breakdown on the SPX
I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart
A break down like this will be disastrous, but not the end of the world
The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to come.
The Aptiv chart shows also a great representation of this within the Fibonacci circle, with a big extension (similar to that on SPX) leading to big downfalls to complete the broadening wedge pattern
I have made charts of this in the past please check them out
Above is the smaller formation VS the larger formation we can see on the Monthly timeframe
Above is the original post
SPX Updated Thoughts 5/19/22I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
SPX 500 index: Local peak is close. Today we're here to talk about the SPX 500 index
What's on the market now:
The index is trading at 40 88. And in the last trading session we saw a move to 41 00 which I mentioned earlier, here's a link to the idea.
Today we are waiting:
Today we are waiting for a movement to the level 41 25, but before that the market can still visit the level 39 60
What I recommend:
If you want to go short:
I recommend you go short above 4125, limit your losses.
If you want to buy:
Long positions are possible from below 3960, limit your losses.
If you are not in the market:
You need to wait for the next bottom or peak. You can go short above 4125 or buy below 3960.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
SPX500 likely to continue sell-offHey tradomaniacs,
SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off.
So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy.
However, previous upmoves were probably just a result of an oversold market as the volume has been very thin and moment not very convincing.
Good hance to short soon imo!
What do yu think?
SPX 500 index: Is the market ready to show us 4100Today we are here to talk about the SPX 500 index
What's on the market now: The index is trading at 40 08. And in the last trading session, we have a flat correction.
Today we wait:
If yesterday's flat correction ends. And today we can expect the market to move to the level of 41 05. But if the market continues yesterday's correction, then we expect its bottom at the level of 39 30.
What I recommend:
If you want to open short:
I recommend that you go short above 4100. If you want to avoid risk, shorting above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3930 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms out at 3820-3780 and buy there.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!