First target is at 3808-09SPX We came super close to it Next and most important target is at 3789SPX, closing below will be bearish. Im looking for a low into EOM, will it be a re-test of Oct 2nd lows or just 3680-3720 I have no idea, today AHs will be a telling story
SPX there is a good setup for a push, will it break to the upside or just break, no idea. Im leaning lower into EOM regardless of the outcome. I will trade the breakout or breakdown test On daily the chart is looking for lower, yesterday and today's candles are bearish to my eyes
I didnt have much time on research today, busy day. But I did spend some time on the NQ, as I didnt do NQ update for a while. I will also add comments to this post after I do my other research and go through few others updates I follow. So stay tuned, high chance this chart will get updated with extra comments several times. So as you can see on the chart, we...
This support has to break down for lower to be seen, otherwise still can hold and push into tomorrow. Like I said, Im not playing it unless quick scalps
I have checked the amount of days from Mar 2020 first spike to the main low of this VIX smile, its 491d If counting from the same low day 491d it comes to Nov 2nd! give it plus one day in case I should of start from the following day of the mid low. Very interesting timing. Also week of Nov 7th is a cycle panic week... Im only looking up in VIX
Im not buying till at least first support is tested. Tomorrow should mark the top if it was not done today. Im not trading the "last move up" as it might or might not come. Those who are in ATH camp will get destroyed like they were all this year. Its not going to bottom (for the year) till Nov low and the bottom would not come will Apr/May next year and it can...
First of all I want to say thank you to my 1k+ followers as of today! Means a lot to me, as it shows me that my work helps others to navigate the markets and my time spent posting charts gets respected. Solar eclipse! Seems we have topped here, at least for now There is also a lunar eclipse on Nov 7-8th, watch for a possible higher high if not lower high...
I have missed all todays rally, had only a long from 3792 and exited at 3805 My swing short isnt in a best shape, but I have protective longs going till they stop working. Maj resistance today is 3798SPX and its going to close above it. Next maj resistance is at 3907 on daily and 3913-14 on weekly Today is a solar eclipse day, usually markets top on or around...
This is how I see the whole move developing into end of Q1 of the next year. I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up. There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032 Please note Im not a Nostradamus or a person who...
Ideal target if the re-test of a broken flag holds 3798SPX is what Im watching on closing level. Daily chart is setting up for a squeeze to 3900+ So lets see what the close number brings
ES main support for today is at 3700-10 As longs as we hold today's lows, we should see lower levels into tomorrow imo If it breaks out, check SPX chart I posted on the weekend. Main resistance is at 3798SPX! The price came close to it and retraced. ABC structure from Oct lows is complete, 3 waves up are bearish, must hold 3820SPX on any close for lower to be...
Happy Sunday everyone Here is a 4h chart. We are getting close to the breakout point, has to hold at that upper trendline Main resistance is at 3775SPX, dont rule out a fakeout into 3800 to finish up C wave up. - If breakout happens, will be watching for the test of the breakout trenline from the bottom and if broken out from the top. - Will do a long trade on...
No follow through today, really in a no mans land. A bull flag is a worry for the bears and the H&S (which is quite big) is a worry for the bulls. Peak your side:) Wont rule out a move to 3770-80SPX to have everyone believe that we have broken the bull flag to the upside, then we finally reverse and re-visit Oct 2nd low at min Im seating out and waiting for a...
Good morning everyone! Posted this chart last night, we are at the resistance point. Must hold here if we see lower or breakout in C&H formation, that bull flag scares me! I did exit my short at that 3650-55ES level and did few ins and outs in am. Its Friday, do not over trade!
Must hold here! should explode soon imo Staying elevated for a while, next stop wont be at 35 level but 45+
Im always honest with my homework, I dont like to have several counts to be always right. At this point Im seeing both scenarios: 1 - We break the orange trendline and we are off the races to 3900-4000 (not preferred) 2 - We break 3500 or Oct 2nd low, we see 3380-3410 at min! I'm in lower lows camp, as you know. But the window for the strong move down to start...
Posted this first target during the trading hours, we hit first target - 3650-60ES Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down, My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is. Then second and it was ideal target for the low of the...
Hi everyone, I slept in today and did few things around house, needed some time off the screen. Yesterday wasnt a good day for me, I had some losses with stops, its not an easy market to trade, too wide stops get triggered as well. Im doing swing trades now only till the first extreme hits. So far its short the rip game and Im looking for the first test of...