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SPXS

My last night SPX update with detailed notes belowThis is what was sent to those who are on my email list. I have 2 pathways going into the mid of the month. - 5 waves up, then the 4th wave should be limited to 3930-40 and might even get to 3985-92 only. 3910 MUST hold on any test for this count to be alive. It means next 12-13 days will be less volatile move lower and limited. - Much deeper B wave down to ideal target zone of 3850+- to even 3800-10. This pathway has higher odds as we have volatility rising from the 8th all the way to the 15th. Also tomorrow is picking up as a volatile day, I wont be surprised the first gap of 4091.19 penetrated by tomorrow or Fri am. There is a chance that the second gap of 4072 will be filled as well on this move down. Ideally we see that low Fri am, then end the week with a rally into the close to trap the bulls and gap down on Monday. We didn't see a move lower today, so the gap fill to watch for tomorrow going into Tuesday I have a good resistance cluster for the end of the week from 4158 to 4177SPX. Max stretch I see is 4200 but might not be seen till after the mid month low. Ideal target is 4225 and 4255-60 (depends on the day we make the high) with possible stretch to 4308-30SPX. Failure to close the gap at 4300 will be a huge sign of a much bigger correction ahead. So regardless of the outcome I see lower levels (double bottom if we stretch into the 4308-30 zone) by Oct low. Im only short few ES, those are under the water, I will be adding tomorrow and stay short over the weekend. Expect the market to move and get some volatility from the next week. Looking to be out from short position and flip long mid month and my timing for the low is 16th of Aug. Tomorrow is the directional change day, the price should start moving into Tuesday, up into Thursday and final move lower on the 16th. Main support for the next week is 3992SPX, then 3939SPX Ideally we gap and crap tomorrow into the resistance cluster mentioned above, it might just gap down.
SP:SPXShort
by RealTima
8
THE HUNT FOR "A" BOTTOM?Are you hunting for a bottom in stocks? Were you bullish 6 months ago but have now turned bearish? Are your trading decisions influenced by your feelings and 'current events'? There is a tremendous amount of information written right here on the charts if you know how to look for it. I will help you to see this. The best advice I can give is this: Do not make trading decisions based on what you think "should" be. Do not allow your anger and emotions into this game. You are not going to change the trend. Do not tie "news" to "price". The market is way ahead of what you believe is 'news'. I will not play the game of "I told you so" but if you follow my TradingView ideas I shared several warnings for a few months about what I was seeing and it looked concerning. So for me personally, whatever dark and terrible news I have bombarding me from any electronic device is actually good news for my trading. It's not wise to trade strictly against sentiment because sentiment and price often move together for a while. But it is useful as an indicator. The put:call ratio is such an example.. as seen on this chart. Also observe the rate of change at the top. It can serve as a clue as to when we are about to see a very big move within a short period of time. We are at such a place where it looks like it has the potential to bounce. This could actually be very bearish or very bullish. But price is likely about to make a series of large moves in both directions. It is my opinion that we are at or very near "A" bottom of some kind. But don't misinterpret what I'm saying. Firstly, I am saying "A" bottom of some kind. It could be medium-short term. Secondly, when I say at or near I am referring to time. So maybe now.. this week or next. I don't know. But price can move severely within that time period. Using the Fibonacci retracement levels, I see a few key levels in the S&P 500. Watch the .786. Watch the .618. Watch this zone at 0.5. My original target for a correction were the two horizontal lines at about 3200-3600. Price is within my crosshairs now. Where and when you buy is important but also HOW you buy. You do not want to chase the falling knife and back yourself into a corner where you are desperate and pressed. Yes I have been there. In my experience it is best to ease into positions that you have a lot of good evidence for. Slowly.. easily.. carefully. If you like options, consider giving yourself a LOT more time to build into a position and also consider how severely options decay. It's not unwise to go out a year or more on expirations so you're not trapped on the very steep decay. Those are just a few tips I can share. Stay tuned because I will be posting more information here about current market conditions and potential pivots. I posted this in December to demonstrate some early warnings for what is currently happening.
SP:SPX
by gghsusa
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
S&P 500 VS STOCKSIn this idea, I'm simply taking a look at the S&P 500 verses the actual stocks that make up the S&P 500 by using their 200d and 50d averages. This can be useful as an indicator to look for divergences, early warning signs, or confirmational trend changes. Top pane = SPX stocks above their 200 day moving average Middle pane = SPX stocks above their 50 day moving average Lower pane = SPX index Since May 2021, it's evident that the stocks > their 200 day and stocks > their 50 day have been trending down while as the overall index has been trending up. This is a sizable divergence that could cause a sudden correction in the index. While I'm speculating, I do not believe the indices have put in their major top yet. But that doesn't mean we will not see a sizable correction with weeks or months of volatility. Let's see if the indices can take a chill pill for a while and offer another buying opportunity.
SP:SPX
by gghsusa
68
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
S&P 500 (SPX) | Bulls are BackS&P 500 (SPX) has been in bullish trend since March of 2020. It has been following bullish parallel channel by heart. Recently it has broken the trendline but found a good support at Fib Level 0.236. We are expecting bulls to be active again as they were little tired with almost 2 years of trend. This support zone will be important level and bounce is expected from here to atleast recent high and if broken to ALL TIME HIGHS. Trade your levels accordingly. Don't forget to share your valuable feedback in comment section. Check our other Forex and Crypto Setup on Profile.
TVC:SPXLong
by JustTradeSignals
3