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OEX trade ideas

OEX vs SPYThis is a ratio of the OEX to the SPY. Which is a ratio of the market cap of S&P 100 vs. the S&P 500. It is interesting to note that during previous bubbles, such as 2000 tech bubble and 2007 housing bubble, there was a considerable increase in the ratio of the S&P 100 to the S&P 500. At the moment, many are ringing the alarm bells on the 2021 bubble. However, as we can see, this analysis does not suggest any major issue, if history is any indication. However, this is just one model.
CBOE:OEXLong
by mind-wattle
OEX S+P 100 Upside Break Out to All Time HighI use the "OEX" CBOE S+P 100 as an overall market confirming Trend Index Comprised of the 100 largest capitalization companies on the NYSE and Nasdaq, the OEX is a "proxy, and broad range"for United States cooperate performance. This past week... the OEX broke out to an historic all time high closing at 1547.90, clearing the Feb 2020 top, prior to the onset of the pandemic. . Traders should look for any pullback in the OEX to Buy, although the market is not giving you that opportunity now. With a complex bottom being formed in the CBOE Put/Call Index, quantified evidence on the OEX shows a very bullish" and significant upside market breakout. THE_UNWIND 8/8/20 NEW YORK
CBOE:OEXLong
by The_Unwind
10
Wolfe Wave Pending; Model Targets 1063.34 | #elliottwave $SPXFriends, I would like to consider the possibility that the SP500 Index might carve out a higher high, based on a set of technical conditions I will define below. PREDICTIVE/FORECASTING MODEL: First and foremost, the Predictive/Forecasting Model I use in the foreground of my analysis has defined a probable bullish target, namely: - TG-Hix = 1063.34 - 12 OCT 2015 (For those intrigued by numeral plays, you might perhaps enjoy the mathematical relationship of this relative to the fractional period) This target is a qualitative target, or Qual-Target, which not only represents the highest allowable target by the Predictive/Forecasting Model, by also by its nature will tend to impose a reversal - not just retracement - as a counter-force against price. ELLIOTT WAVE: Now, looking at the general gist of price action in terms of Elliott Wave count, I have ascribed three degrees of scale to this monthly chart: 1 - A Cycle degree, denoted by the tail-end of a large multi-year bullish impulse, denoted by circled points , and (here using the brackets to indicated a circle) 2 - An Intermediate degree denoted by the last bullish impulse in parenthesed points (1)-(2)-(3)-(4)-(5), whereby point (3) carved the historical top and the reactive low in point (4) remains a tentative structure low, likely expressing the beginning of a zig-zag based on its initial reactive, counter-trend impulse (Note: a ZZ is the only correction expressing its initial leg in a 5-wave form). Point (5) is thus pending. 3 - A Minor degree denoted by a completed impulse of internal minor points 1-2-3-4-5 of intermediate wave (3). Note also that as a general rule, an extended 3rd wave is associated with an equality rule, relating Wave-1 and Wave-5 such that the two are equal in height (here, 237.42 points), such that Intermediate wave-5 is expected to reach 1044.87. WOLFE WAVE ANALYSIS A 5-point geometry is nearing its entire cycle, expressed by Mr. Bill Wolfe's Wolfe Wave, where convergence of 1-3 and 2-4 Lines define a 1-4 Line, also known as the "Target Line" - This TL remains pending and quite proximal to a potential rallying. FIBONACCI ANALYSIS: First, let's propose that the recent Intermediate Wave 5 and Intermediate wave 4 hold the following Fibonacci relationship, such that: Intermediate Wave 5 = 1.618 x Intermediate Wave-4 = 1035.49. This Fibonacci based target (which is one that is quite standard and typically anticipated when relating these waves) comes near-alignment to above Predictive/Forecasting Model = 1063.34, and in even closer alignment with the equality-based intermediate wave-5 = 1035.49. OVERALL: Whereas the Predictive/Forecasting Model stands as an independent element in the analysis, it is interesting to note that there is compelling evidence which can be made here to expect not only further advance in the SP-500 Index, but also a probable reversal at the 1035.49/1044.87/1063.34 cluster. To be followed. Best, David Alcindor Predictive Analysis & Forecasting Durango, Colorado - USA ----- Twitter: @4xForecaster LinkedIn: David Alcindor TradingView: www.TradingView.com ----- .
CBOE_DLY:OEX
by 4xForecaster
5