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Spxanalysis

BEARISH ON SPY-currently forming a bearish rising wedge -lower highs in supply zone from 385-393 - ultimately bearish since FOMC is 7/26-7/27 and J. Powell was considering another 75 BPS hike -looking for a reject at 385 to then come down to retest 373 again -crossover of the 20/50 SMA at 10:30 July 14-15 on the 4HR chart IF SPY pushes above trailing resistance line from 393-383 then this bearish set up has failed I will only swing a put if we close at 383.70 or under Always trade your own plan ;) Sincerely Kai D3 Trades <3
AMEX:SPYShort
by Kailonid3
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.
SP:SPX
by RealTima
3
ES is at Bull/Bear lineES is at Bull/Bear line, hit 110 MA and 50% retracement. A real test of who is in charge is right here. As well as ABC move up with perfect 100% extension hit on the SPX close. Jumping over the 110MA and test from the above will be a good sign of continuation of this move. There is also a possible fakeout to watch. A perfect place for a pause of this move up and some retracement. An ABC move up to 4017SPX or so is what Im looking for with A being done and we get to test 3730-40 zone before the continuation higher. Ideally we see the whole move going into the 4th of July weekend! Im slightly short as of close, kinda risky trade as this can just continue extending to 1.618 Will send a separate email with more charts to those who are on the email list. Enjoy your weekend, lots of volatility is coming after the 28th, so prepare for huge moves both ways
CME_MINI:ES1!
by RealTima
12
SPX - RSI Analysis Two periods can be observed on the RSI for SPX on this 3Monthly chart A downward trend which correlates with a sideways move on the relative timeframe And a small uptrend that correlates with sharper growth on the SPX, these begin within the green circle These green circles show very comparative structures, however one is during an up period, while the current one is during a sideways trend period Price will very likely continue through the up channel on this larger timeframe
TVC:SPX
by Bixley
1
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
SPX500 - One more rally before sell off. SP:SPX is rallying from the low which completed the ABCD down. Now im looking for one more rally into 4230-4250 before we get another correction down followed by another rally into 4400-4450. For this to be correct we need the completion of the 5 waves up, then that will be the start of either a move to all time highs or the start of an ABCD correction to set off the next major sell signal which could see us heading down into the low 3000s. But for now just following this rally to see where we go next. If time and price is right the rally should stop around June 22. Exciting times ahead. 👍👍
FOREXCOM:SPX500Long
by L_F
1
SPX Weekly RangesHere are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending on confirmation from Futures ). We do NOT sell fixed Deltas for our credit spreads, but rather utilize the data driven from our volatility algo for the specific Index (primarily SPX ). The PVI Weekly SPX Credit Spread portfolio is up just over 47% YTD with 20 straight weeks of profits and zero drawdowns. The ranges have been breached 3 times since the start of 2021 (by an amount greater than 10 SPX points). The system is NOT designed or programed to be perfect, it is to provide us with the most competitive SPX weekly Range with the highest VALUE between Premium & Expectancy
SP:SPX
by VeteranWS
4
S&P LongS&P has hit below its 50 year mean average meaning investors and institutional buyers are going to be delighted to get back into S&P, we're waiting for a higher low to present itself before buying into S&P, Volume flow on the weekly chart has crossed 0 and we're expecting this to now hold above it, Squeeze indicates it is dying out for sells, exciting times ahead if everything goes to plan. We have several TP's set to secure profit but we will be keeping on our buy long term if price reacts the way we hope it to. GL
OANDA:SPX500USD
by Life_In_Forex
2
$SPX Correction Level PotentialAsset & equity valuations are elevated across the board given unfettered QE. Loose monetary policy and a dovish Fed are no longer sustainable in the face of rising inflation at levels not seen since the late 1970's. Major SPX retracement levels since 2020: 1. dot.com bubble realized >50% retracement 2. 2008 housing bubble realized >57% retracement 3. 2020 pandemic realized >35% retracement Bringing these levels forward, SPX has realized nearly 15% correction from ATH... further correction is likely. Given 3 previous corrections, this gives approximate correction targets of: 1. 35% retrace: 3140 2. 50% retrace: 2400 3. 57% retrace: 2050
SP:SPXShort
by R0MM3LL
SPX - Relief rally soon? Key highlights: 1. Bounced off weekly demand 2. Closed just above 50MA on weekly 3. Bounced off weekly support level 4. Formed a high volume Hammer on weekly 5. Formed a bullish engulfing on daily 6. Trying to reclaim 200MA cluster 7. RSI oversold on daily and is curving back upwards. Conclusion : Expecting a relief rally in the coming week. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick)
SP:SPX
by johntradingwick