ES1! SPX500USD 2022 AUG 29 Week
ES1! SPX500USD 2022 AUG 29 Week
Rejection at 4204 was good for short.
Possible Scenarios are considered:
1) Long if 3940 / 4071 supported
2) Short on low vol retracement / rejection at 4071 / 3940
Weekly: Ave vol down bar = some demand
Daily: High vol down bar close off low = some demand
H4: Climatic down bar followed by very high vol
down bar close at low, breaking through previous support = bearish absorption
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4303 4204 4071
3950 3743
Remember to like and follow if you find this useful.
Have a profitable trading week.
US SPX 500
SPX end of the week updateI had no time to post this last night, but I did the ES.
We did hit my upper target at 4210-20, reversed and never looked back!
Was looking for this move for several days now, but it came so big, I didnt expect to have so much of a move in 1 day.
This gives me more confidence on my lower target zone to hit 3930-50SPX
So for today's close 2 very important numbers are:
- 4157
-4125
Closing below second number will make me even more confident of seeing that lower target next week.
Main supports are:
- 4078 (expect a good bounce from this number, ideally to test 5150 level)
- 4050
Main daily resistance is at 4177 now
have a great weekend
calm before the storm?a larger than expected gap up this morning with no fundamental change to remove the underlying bearish atmosphere.
was this gap up the last opportunity to go short ahead of the fed meeting tomorrow?
or is this simply retail traders eagerly investing extra funds they were saving to pay off their loans, despite market circumstances?
please leave a comment, curious to hear opinions on the matter.
SPX level of importance is 4145 on closingMorning, quick update here
Lets see if we close below 4145 again, then we are going down into the 29th low
I have a main resistance to hit at 4166+-, above it it can stretch to 4175-76, should hold the night highs today and make a lower high during the regular hours imo
Im going to short 4166 and 4175-76 with a stop
Im currently long ES from 4148, tight stop there
Right chart - SPXPosted my other working chart instead of this one.
Again very important to watch 22-23rd highs being taken or making lower highs.
Today's level of importance is 4145SPX, closing above will press higher tomorrow, below not good for the bullz
On the road all day, will not post till late night
Daily analysis & day trading setups - SPX500 SPX S&P500 20220824Happy Midweek, Happy Wednesday,
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 4 125, 145, 160, 175
Reversal: 4 115, 100, 085, 060, 045
Sell
Break: 4 118, 106, 086, 062
Reversal: 4 152, 170, 187, 211, 243
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - SPX500 SPX S&P500 20220823Happy Tuesday, Happy PMI Day,
If you fib 10 DMA & 100 DMA, SPX is standing right in the middle. This is the moment of making up the mind.
Bulls want to push it above 4175-200 and bears want to continue below 4135-100
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 4 145, 155, 170
Reversal: 4 140, 122, 100, 085, 070
Sell
Break: 4 145, 125, 110, 090
Reversal: 4 160, 172, 182, 208, 230
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
SPX must watch number for the close is 4135.30!Watch 4135.30SPX number, closing below will flush tomorrow and vice versa!
1h is showing a positive divergence when 15min is actually setting up for a flush, RSI is below 50, MACD below 0.
It should give one way or another!
Very interesting thing is this, next stop is at 4069-80 and nothing till 3951!
On the upside must close above 4140.20 for a push higher.
Resistance is at 4140, 4211 and 4308.50 (again)
My bottoming timing is on the 25th
Temporary relief for S&P 500 Index?SPX500USD - Intraday - We look to Buy at 4083 (stop at 4018)
Daily signals for sentiment are at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Further upside is expected although we prefer to buy into dips close to the 4080 level. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 4246 and 4280
Resistance: 4250 / 4500 / 4800
Support: 4080 / 3900 / 3500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
21-AUG - BTC in stagflation and global recessionIf you just take into consideration, that so far entire #cryptocurrencies #ecosystem grew up in global #hossa and that #hossa has ended and #global #market is going into #recession, what could this mean to e.g. #BTCUSD ?
During each previous recession (dotcom bubble in 2001, global recession in 2008, etc.) #SPX500 fell down >50%.
We should take into consideration, that #Bitcoin had so far only positive market conditions and previous #BTC #cycles just were the #elliotwave in #uptrend and we shall enter corrective Elliot wave.
#SPX500 could fall again >50% that would crash #Bitcoin heavily.
It's not investment recommendation !!
ES1! SPX500USD 2022 AUG 22 Week
ES1! SPX500USD 2022 AUG 22 Week
Previous supply returned for short opportunity.
Possible Scenarios are considered:
1) Long if 4704 is supported
2) Short on low vol retracement / channel
support becomes resistance
Weekly: Ave vol down bar = minor strength
Daily: Ave vol down bar close off low = minor weakness
H4: High vol down bar close off low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4368 4303 4204
4071 3950
Remember to like and follow if you find this useful.
Have a profitable trading week.
Bearish head and shoulders on SPX500USDSPX500USD - Intraday - We look to Sell at 4274 (stop at 4322)
A bearish Head and Shoulders is forming. This is negative for sentiment and the downtrend has potential to return. There is scope for mild buying at the open but gains should be limited. Resistance is located at 4280 and should cap gains to this area.
Our profit targets will be 4161 and 4120
Resistance: 4280 / 4625 / 4800
Support: 4160 / 3900 / 3700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
SPX500USD Is Bearish! Sell!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
SPX flagging, there is a good setup for a good size gap down SPX flagging, there is a good setup for a good size gap down tomorrow.
Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern)
If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close.
If this is what will play out, then we should re-test 4308.50-23 on Monday with a gap up and crap.
So must watch number for tomorrow is 4189-4207. Must gap down below 4255 to have this setup more probable!
Some good setups are coming, just need to be patient.
Maj resistance is at 4308.5SPX on closing level.
Don't underestimate the bulls - SPX higher firstWe are in a bear market, and the upwards corrections are often very aggressive. We have seen massive up move from 3750ish towards 4100, showing exactly that.
We see market taking a breath now, but earlier SPX broke out of the falling channel and - as indicated by the green boxes - buyers are in control and they aren't tired yet.
RSI is clearly trending up but not in the strong overbought area yet.
Looking at the chart we can see the falling trendline coinciding nicely with the 200 daily SMA, which is a perfect target where bulls might show exhausted, we reach overbought RSI, and hit double resistance(sma and trendline). This is also close to the 0.618 fib level.
I am definitely bearish in the longer term but I am convinced we will push a bit higher up before we go down. The fact that we have horizontal resistances around 4150 from the highs end may/ early june, is just not enough to sell now.
We are at levels where I would not per se buy, but it's definitely NOT the area to sell.
SPX needs a Gap Down below 4255-57 tomorrow...Quick update.
The price needs to gap down tomorrow below 4255-57 to confirm the top being in place.
Usually this type of the move trap bulls for long, so as long as we gap down hard tomorrow, I can mark the top being in.
There is still a room to squeeze to 4330-34, but Im not really playing it unless I see a good setup.
If we gap up tomorrow, will have to revisit my charts.
Tomorrow should continue today's day, we had a reversal to downside and if this is real we should see a low on the 22nd-23rd, small bounce 23-24th and last low or higher low on the 25-26th
24th is a panic cycle day! Mark it on your calendar
Numbers to watch tomorrow:
- Maj resistance is the same - 4308.50 (on closing level)
- First main support is at 4255-57
- 4220 and next is at 4175
- Ideal target of this move is at 4125-46
Ideally we should see something similar of a move from EOM Mar high. You can revisit a gap down below 4520, which was retested and never seen since after.
Tomorrow's move should be a start of the first move down, fits with cycle lows into 22-23rd or 25-26th, then a rally into Labour Day high/lower high.
The week of Sep 5th is a panic cycle week, so a gap down from there is expected to trap all the bulls, especially after staying long over the long weekend.
Have a good night