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US SPX 500

Posted this on the 12th of Sep, playing out so well!!!I did post this warning on Sep 12th as well as emailed to those who are on my email list. Check the MACD on that day and now! It created a hook and continued lower, bearish! Some people noted and didnt get trapped on that day, it was daily high close DO NOT GET TRAPPED Today!!! Dont short this red whole! Have to leave, will be back in few hours, again dont get trapped on the short side today! P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
19
Watch for S1 to hold on closing level!S1 is right at first gap to fill 3831, can act as a very good support. So again, its a day when I will be buying longs, question is from what price. Ideally I buy at 3802-18 level, but might buy at higher price if I see that S1 holding into the close and no new lows. Please note Futs can always extend into AH's session DO NOT GET TRAPPED Today!!! Dont short this red whole today! P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
2
SPX Sep 16th updateThe price has broke down and Im waiting for 3880-86SPX to be lost. Ideally we gap down below 3880-86 and it becomes a resistance. Futs already down and below those numbers if convert to SPX. My pathway for tomorrow is to buy a gap down to 3802-18 for at least a day or 2 bounce. - There is nothing but air after 3880-86 is lost, all the way to the numbers above. - If we loose 3800, next support is not there till 3750-52SPX Im looking for a low in am and reversal into the close and Monday/Tue high On the other hand we held 3888 level today, close enough to my support zone, so if it gaps up, it could be quite a big squeeze imo. But I give low odds for the gap up scenario. Its a weekly closing, important numbers to watch are: - Weekly support is at 3720-22SPX - Next weekly support is at 3635-40SPX - Weekly resistance is at 4018-20SPX We should bottom next week, ideally at or after FOMC decision, then rally up in another bear market rally into second week of Oct and continue lower into Oct final low for this year. - Next week low is expected to hit 3750 or 3680SPX Final low I have is at 3580SPX. i was looking for 34-35 handle to get hit, it should get there sooner then later imo If it gets hit next week, then we will see 32 handle in Oct The trend is down till it's not! Have a good night, rest and get ready for tomorrow... P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
17
SPX - Long term uptrend line unlikely to hold.SPX - Long term uptrend line unlikely to hold. Even if prices where to be halted at the yellow uptrend line (SPX 1750), this still represents a further 55% fall in today's prices. 'Post crisis we will likely end the positive uptrend that began in the 1930s, and enter a period of zero or negative GDP growth furthermore' - to paraphrase Klaus Schwab (Founder/CEO of World Economic Forum). This is the end of abundance and fractional reserve banking and all the exponential growth the twentieth century has become accustom to.
TVC:SPXShort
by platinum_growth
2
SPY Analysis: Mid September 2022This is an analysis of the S&P 500 ETF ( SPY ) for the period of September 12th through September 16th. Weekly Expected Move There is a 68% chance that SPY will close the week within this price range: High price: 416.90 Low price: 396.30 There is a 95% chance that SPY will close the week within this price range: High price: 427.20 Low price: 386.00 For those who do not already know, the weekly expected move is the amount that an asset is expected to move from the close of the prior week until the close of the current week. It is calculated using the implied volatility from the asset's options chain after the close of the prior week but before the opening of the current week. For more information on how to calculate these values, see the link at the bottom of this post. Volatility & Seasonality Historically, volatility typically remains subdued from about the 5th trading day of September until around the 12th trading day of September (September 19th) at which point volatility spikes substantially going into early October, as the chart below shows. This year, the 12th trading day of September happens to coincide with quadruple witching on Friday, September 16th. There is a particularly high chance that the market will become volatile from around that time into early October. There may also be increased volatility if the CPI report that comes out before the market opens on Tuesday, September 13th surprises to the upside. Although inflation is subsiding, I will note that the consensus prediction is higher than the Fed's prediction. In my post about the Fed pivot, I noted that we can extrapolate from the overnight reverse repurchase operations that the inflation rate may be around 8.3%, which is higher than consensus. I also note in that post that inflation is likely to continue to subside modestly in the coming months. See the link below to my post to understand how I reached that prediction. Of note, even though we had one of the worst first 6 months of the year in stock market history, there has still not been backwardation in the VIX term structure. VIX term structure backwardation simply means that the market is pricing in decreasing volatility in the future. This is concerning because VIX term structure backwardation is a characteristic of virtually all major stock market bottoms, as it reflects the type of capitulation that major stock market bottoms typically exhibit. Fibonacci Levels Price found support last week almost exactly at the golden ratio (0.618) using the June bottom and the peak in mid-August. This is generally bullish as it reflects a fairly typical retracement. See below chart. At the close of last week, the 4-hour chart became overextended and printed a bearish reversal candle right at the EMA ribbon. The stochastics are overextended as well. Thus, there is a chance that price may either consolidate or reverse to the downside for the short term. If SPY overcomes the EMA ribbon on the 4-hour chart, it is likely to face significant resistance at the Fibonacci level around the 415, as shown below. This level also resisted price in late May and early June. Regression Channel Regression simply refers to the idea that price tends to revert back to its mean (or average) for a given timeframe. Regression channels can help us identify which trend is governing price action. These channels can give insight into trend reversals. In my SPY analysis for the end of August, I posted the below regression channel. I indicated that the June-August rally is no longer governing price movement and that price is regressing to the mean of the larger bear market channel (red line of the longer channel). Indeed, price reverted precisely to that line, as shown below. What this means is that the larger bear market downtrend is still intact and is governing price action. As many market participants know, our pathway to breaking this bear market will involve one or both of the following: (1) CPI reports continue to surprise to the downside; (2) The market begins to price in a Fed pivot (the Eurodollar Futures will provide insight after quad witching on Friday, September 16th). Weekly Chart The weekly chart shows that the bear market continues unabated. In the below weekly chart, I placed the EMA ribbon (yellow and orange lines) on the chart to show that it continues to resist price downward. This is the longest period of time that the S&P 500 has been resisted by the weekly EMA ribbon since the Great Recession. In the below chart, I added the WaveTrend indicator. Do you notice the two teal/light blue shaded weekly candles? These represent bearish crossovers. They suggest that further downside is likely. Based on my research, when two weekly bearish crossovers occur on the WaveTrend indicator while price is consistently being resisted by the weekly EMA ribbon, further downside occurs before a bull run. Specifically, at minimum, price drops below the low of the week in which the second bearish crossover occurred before a sustained bull rally occurs. In other words, we can expect that SPY could drop below 388 before a sustained bull rally occurs. This is not a perfect indicator, but it's quite plausible. On the flip side, there is a major positive sign in the weekly chart. Specifically, there is a possible formation of a reverse head and shoulders as illustrated below. As you know, a reverse head and shoulders pattern is bullish and the measured move up is generally the distance from the bottom to the neckline. Monthly Chart The monthly chart continues to undergo a bottoming process. Price is being supported by the EMA ribbon and the WaveTrend indicator is trying to build a significant bullish crossover (the third most significant bullish crossover on the monthly chart in SPY's history -- the SPY ETF was created in the 1990s). If the Fed pivots by October, then I would expect the close of November will give us a formal bullish crossover. Until then, there's room for caputilation-type candles to continue. Stage of the Economic Cycle: Late Stage (Stages are early, mid, late and recession) Since the 10Y/2Y yield curve remains inverted we are in the late stage of an economic cycle. Below is a chart of how each sector typically performs during this stage. Credit: Fidelity Investments We are most likely in Stage 6 of the economic cycle as shown below because stock, bonds, and commodities have all been declining to some degree in the past several months and because the yield curve is inverted. Once the yield curve inverts, economic contraction will subsequently occur. Although the general trend of all assets is down during Stage 6 there can still be rallies before contraction takes hold. Credit: StockCharts.com Yearly Chart While the monthly chart suggests a bottoming formation that can lead to a rally in the 4th quarter of 2022 into the 1st quarter of 2023, the yearly chart is much more bearish. Below is a regression channel that I created of the entire stock market history dating back to 1871. It helps us measure and compare every major market top and bottom in history. Below is a closer view. To put things in perspective, the June 2022 bottom was the same standard deviation from the mean as the Great Depression peak. The stock market is so overvalued from a historical perspective, that we had to undergo one of the worst first 6 months in stock market history just to get down to a level that is roughly as overvalued as the Great Depression peak. The Shiller PE Ratio confirms this scope of overvaluation, as shown below. The stock market is extremely overvalued because of monetary easing. Monetary easing is a central bank experiment that began in recent decades and was normalized in the years following the Great Recession. Today, the amount of assets on central banks' balance sheets due to monetary easing is unprecedented in the past 322 years for which reliable data exist. The monetary easing experiment has created tremendous reliance on its continuity. Under the surface cracks are beginning to appear, as indicated in the chart below, which shows the impending rise in cost to the U.S. federal government to finance its debt in the future. Only time will tell how the experiment ends... Please leave a comment if you find an error in my analysis above or if you'd otherwise like to share your thoughts. Thank you. If you'd like to plot the weekly and daily expected moves for SPY on your chart, try the indicator "SPY Expected Move by VIX", which is calculated from the VIX rather than from the implied volatility of the options chain. The expected moves that I've posted above were manually calculated by me using SPY options chain data. If you'd like to learn how to calculate the weekly expected move yourself, this video can help: www.youtube.com
AMEX:SPY
by SpyMasterTrades
60
SPX Sep 15th mid day updateI was sleeping in today, no point to trade this market but hold swing short position. Mid Bollinger or 20MA crossed 110MA on daily, not a good sign for the bulls. MACD is still making new lows. This seems to get to 3680SPX by the FOMC decision or right after. Main resistance now is at 4030-45SPX Mid resistance is at 3970-85SPX and I think we wont get above on any test, like it came short yesterday. I will short 3970-85 level for a continuation of this move down So far its breaking down here to my eyes and should follow through soon. Main support is at 3880-86 now! On closing level I will be trying long at 3880-86SPX tomorrow am, but its OPEX day and all the quarterly hedges will be off the lines and this can unleash much bigger swings in both directions, but main direction is down. After the FOMC meeting 3680 should produce a good size bounce and ideally we see lower in Oct, 35-34 handle is very doable imo. So need to over trade this as it chops both sides!
SP:SPX
by RealTima
6
spx 9-14 update ~good morning, es ended up rejecting my 4170 level almost to the penny yesterday. pretty nice move down, but not really big enough for the bears to take back control. --- im going to be looking for a grindy suckers rally over the next few days, before another flush comes and takes es down to about 3750. from there i'm theorizing that spx will squeeze to 4500 into late november \ early december. this rally will be mostly short squeezes, and theta bang - to eliminate as many bearish positions as possible (before the real drop comes). ✌
CME_MINI:ES1!
by notoriousbids
14
SPX quick updateI want quickly update the SPX chart. 2 scenarios: 1 - we gap down tomorrow 2 - we hold the lows and go up in am First scenario: Support is at 3885-86SPX And nothing till 3800-20 I would be looking for 3775 and ideally 3680 as the main targets before or buy 20-21st. Second scenario is we see 3970-85SPX tomorrow and sell off into above outlined numbers by 20-21st. Or we make a higher low and stretch to 4152-55 and ideally above 4200+ to a potential 4295-4300 by same 20-21st. 4145-60 is a very strong resistance! So all eyes are on the overnight or pre-market action. Breaking today's lows will be bearish and we closed below my 3955 and especially 3935SPX today, so I favour a gap down in this case. Holding 3885-86 level tomorrow am, will be a good sign for a potential reversal, below is air till 3800-20SPX I have positions on both sides and I personally would love to see an extension up into 4155 and even 4295SPX zone before the real crash happens. Looking for lower levels regardless of the price and ideally we wont get there in one straight line. Im looking for a low in Oct and that low should be a good buying opportunity going into EOY Have a good night P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
42
SPX MACD hook formation - warned Monday amI did warn about this possible outcome early Monday am All we need is to gap down tomorrow (which has a high probability now as we closed below 3955 and especially 3935) Then the downside targets will be 3775 and even 3680. It can even stretch to 3450 if Jun lows are broken. Only a gap up tomorrow can save from this pathway for now. Dont pay attention to the chart, but the MACD P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
13
SPX faile to even touch 4k zone - 3955SPX is nextSo far so good for lower levels - 3945-55 must hold and I think it will not go lower today. If we close at the lows, there is a potential of gaping down below 3935 tomorrow, which will make 3885 next target. Main target on the downside to hold is 3800-20 as a must hold on any test. Below 3800 we will see 3720 and 3635-40!!! Watching the close, riding short from 3992SPX P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPXShort
by RealTima
16
spx300it was last july when i first made a warning about what was to come, and the market rallied a bit higher than i originally expected, but ended up breaking down as hard as i had originally discussed. you can see that post over here: ---- a lot of people are extremely bearish right now, not just retail either, institutional traders are on the bear side as well. though, i have this feeling that the market will expand in time to eliminate a lot of the short positions before it makes the final plummet into the 3000 region. end of november \ beginning of december, i expect a top to be made, and it won't be until may 2023 where a bottom will be created, based on my primary calculation. ---- trade safe!
CME_MINI:ES1!
by notoriousbids
1
SPX can extend to a higher high before the 21st or fail hardIts all about 4125-35, 4150-60 and 4202SPX now. All 3 are resistance levels! Support is at 4085-90 and 4025, below it we should see 3955SPX Im not sure about the exact pathway, so my game plan is to short 4145-60 and 4202 zone. If we breakout I will flip for a trip back to 4285-92 and even over 4300SPX Please note, that this can even extend to 4425 just to screw everyone out on both sides and then sell hard. So regardless of the situation, I will be short (if we make a new high) or long (if we make a higher low) on the 20-21st or before the FOMC. Ideally we spike up to 4125-35 and even 4145-60SPX tomorrow and sell off into Fri OPEX low. That low should produce a good setup for a few days rally before the FOMC decision on the 21st. One certain thing is that the Oct low should provide a good buy and hold setup going into EOY high. Ideally we make a new low in Oct and then higher low in Nov (before the Midterms) and then off we go together with Santa. Jan (in case of the above scenario) should mark the high and then we should see lows in Apr. Levels of importance tomorrow: - 4145 - 4160-62 Closing above those levels will get us back to 4195-4205SPX by Fri. Im going to short tomorrow's gap for the crap scenario. Ideally we hit 4125-35 or even 4145-60 in am and crap from there. Have a good night P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
7
SP500 entering sell zone. 1:3 R:R sell tradeLast week I said that SP500 is drawing a nasty picture and although we can have a rebound from the recent ascending trend line, this will not change the longer-term bearish perspective. Indeed, we had this rebound and now the SP500 index is trading in a very strong sell zone that is set between 4100 and 4200. In my opinion, a reversal to the downside will follow from this zone and traders should look for selling opportunities. This outlook is intact as long as the price is under 4300 and bears can target the previous low for their sell short trades.
VANTAGE:SP500Short
by Mihai_Iacob
17
SPX possible pathway to min 3720 and ideal 3450!I want to present a very possible pathway in case MACD will make a hook like turn, which is very bearish! I saw this many times, when everyone is cheering bullish and looking for that golden cross and all they get is a the hook formation (zoomed in and outlined at the bottom of the chart) So far MACD is still way below 0, RSI is at 50 level and could make a lower high. We have touched 50% today and one more push to 4150 zone for 61.8 (see the retracement fibs on the chart) is what I would expect to hold for that MACD hook formation. - 4090 is the support now, - 4125-35, 4145 and 4160 resistance So stay alert, have stops if trading on the long side! BTW all the pink lines are the unfilled gaps P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
SP:SPX
by RealTima
12