SPXUSD
SPXUSD Volatility Stops and 9Season (4h, 12h, 1d)Partly working on a new indicator set so these ideas are part me working out my thoughts. see more at the bottom for those thoughts. The two volatility based stops, the VSTOP and the Chandelier, are both based off the average true range. Link to the 9Season idea
Key points for all timeframes
Support fails
Volatility stops flip bearish
(mostly) Bearish 9 season rainbow.
4h
Price action for the ending of both uptrend shows price action finally breaking the black trendline then consolidation at the red arrow before the next leg down with both the Chandelier and VSTOP creating a ceiling.
The 9 Season for the first bearish move showed yellow on multiple timeframes (which is clear resistance) and the lowest timeframe flickered lime green which is crazy overbought and generally unsustainable This current uptrend has flicked straight to bearish for 4 timeframes and at the highest timeframe has gone from yellow to lime green to weak bull. I expect it to go to bearish shortly as well.
12h
The volatility stop for both movements still show the price action slipped the trendline and the volatility stops created a ceiling. The last move down had yellow at the higgher timeframes which was proved to be very bearish. The higher time frames for this move down are still green for a bullish move but the lower timeframes are yelling exhaustion. With the 4h timeframes looking so bearish I expect the 9Season to look bearish on all timeframes shortly.
1d
for the last leg down the 9Season lagged a clear entry until the lowest timeframe went yellow to red and that was no better than shorting the trendline break. Also currently there is no daily signal on the 9Season. But the Volatility based stops were in pretty good agreement.
Currently the different volatility stops are not in agreement. The VStop said we should have gone short either the last trading day or the day before, using the VSTOP beneath the trendline as a sell stop (very provisional notion here) while the Chandelier has us stopped out. The chandelier would have had you in the uptrend trade from 2640 to 3000 which is pretty good. The Vstop would have had you on this uptrend from 2450 to about 2773 then if you reentered from 2773 to 3170. Not bad either but re-entering is psychologically difficult.
In conclusion
4h - Bearish and short
12h Bearish and short
1d Mixed, either close long and wait for clearer signal or use V-Stop
Not financial advise as I am not a certified market technician, and this is a new system I am trying to work on. Have the same problems as many, not letting my winners run and not cutting my loses soon enough so my account could have gone up a whole lot more than it did the last 4 months.
One thing I am looking at is changing the VSTOP and Chaelier setting to 2.1 or 2.2 to avoid some of those narrow wickouts . Prioritizing letting my winners run by giving them just a bit more space than getting a super quick entry. Other things I am looking at is doing some of my standard TA (MACD, OBV divergence, Bollinger band, etc) at one time frame, and then cutting the time fame in half to look for my entry. So if I am looking at a weekly chart for a move that could last months I would be looking at entry on the 3d chart. If I am looking at the daily chart for a move that should last a week or two? Maybe a month? Enter on the 12h (crypto, futures) or 4h (normie securities).
Still very provisional.
SPXUSD (S&P500) is close to the Key Level!If the price will touch the Key Level with a big candle we can open Sell trade.
But if it will squeeze it means that the level can be broken.
Buy trade is possible only if the H12 candle will close above.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
$2940 Must Hold! (SPX)We did have a surprising move from the spx500 as it broke above old Resistance of $2940 and currently sit at $2951.
We want to see the old Resistance become new support for a trend continuation upward for the bulls.
The daily, 3 day and weekly are all green. Which can help validate how strong this trend reversal is.
I'd look to find a long term position on a short below 2940 or a long 2950, will play tight stoploss.
If support cracks this could be a fakeout and return with a massive selloff.
Perfect compression play setup with our Crossover strategy.
As of now we are bullish.
Time to get aggressive on the spx500.
Have a blessed day! 😁
🥇MLT | PRO TRADERS
S&P 500 update: two of many possible optionsIt looks like the index is going to retest the former top as we got here the consolidation and not an impulse down as
was expected before as retracement prolonged.
Option 1 (blue) - we can see simple ABC 3-3-5 and A-B parts are done.
Option 2 (yellow) - we can drop one more time in double (WXY) or even triple three (WXYXZ, not shown).
The distance of the first leg up in A or (W) is enough to repeated in B or (Y) to tag the all-time high.
#SPX - Breakout Trading The price is stuck inside the symmetrical triangle. Breakout upwards leads to the growth; breakdown downwards leads to the fall.
Taking into account that the support is much stronger than resistances, we can expect a breakout of the second. Anyway, if you trade this asset - enter a position after breakout retest.
SPX Bounce, Part II! (SPXUSD)Hello Traders - you may have caught our scalp on SPX the other day, shown below. Once again, a TD9 signal on the four hour appears at a critical juncture for SPX, and there seems to be potential for a bounce here.
In addition, on the 12H chart, we have just hit candle #4 on a correction after a bearish nine. Sometimes, 4 candles is the extent of a pullback.
Keep an eye on the bottom of the channel...
Good luck
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