Well check those trend-lines held in am, was a perfect hit if you have followed this chart from yesterday. Im swing short and not doing much till I see first extreme lows hit, then I will take profits and restrike higher November is a panic month!
Im still very bullish on VIC and want to see 2x on VIX at min, ideally we get even 2.5-3x VIX OPEX is behind us and monthly will come tomorrow, after that we are free to move in a wider range and have new levels to be seen. Nov is a panic month!
Bonds got destroyed today, I dont think the markets will hold for much longer. Im waiting for EOD to add to short or wait for AHs
Even if the triangle is broken down, it still can spike up into tomorrow. watching 3680-83SPX. Im holding my swing short, will add if we see higher levels today. Quick ins and outs Main resistance is at 3798SPX, Support is not even close at 3565-70SPX and below, they are minor, weak. I think we will have a range bound day into tomorrow, cautious on both...
This is the only bullish setup I can come up with if the price takes 3822ES The target is 3965, right where is the top of the trend channel is - Fits well with the fibs extensions To me the price has to gap up above today's am highs to have this pathway proven. Also wont rule out just a test of 3820-22ES or 3800-20SPX. I have also revised my SPX chart, see...
Its a very bearish extension by not even making it to 100%, we got only 78.6 off Oct 2nd and 3rd lows! SPX support is at 3675 Like noted last night, ES better hold 3660 today or its gone. The trendline support is at 3705-07
NQ is so much weaker then the ES, it got up to 50% retracement when ES had a perfect 61.8% Also on this move down it made a lower low, def leading to my eyes. ES has bullish setup, NQ has more room to go before its going to test the uptrend channel. Todays close will be interesting. If weak, then tomorrow we can gap down
Watch this breakout and the re-test of the breakout trendline! Can be a very tricky stop run here, just above the trendline, so have stops regardless if you short or long. I will be enetering with longs if the breakout zone holds for a move up to 3820ES or so (SPX target was 3800 for the C wave up)
Im trading VWAP today only and very cautious about that orange trendline! So far so good with the timing, should top by tomorrow (VIX OPEX) and then we see a reversal for the low on the 24th APPL bull flagging, can push this baby up into the ideal target at some point Dont get trapped, get a trade come to you, give to that trade time
Small disclaimer: - Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame! - When we are out of the crash window, I will reduce this possibility to bare minimum! For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below...
This is getting super close. Wont rule out a fake down and then move up to above $60 level. Some out there made a bet with Apr 2023 100 Calls for $4mil plus on Fri
Well its a very bad close imo. Bullz have only one chance to hold todays close in B wave down and rally up to 3800 even! But if it instead (higher odds imo) we crash from the open, then my pathway will be - Down to 3400 - Bounce to 3500 - Down to my 3212 (better hold it) If 32 handle wont hold, we will see 2855SPX by 24th! Be ready! Im sure majority is not...
Im finally back home and rested. Hope everyone read my Sunday am update about holding the futs 3580ES open for a move higher, which we did. Question is will it take out Fri highs or it will make a lower high here. Watch this triangle to break, it will be a waterfall when it does. ES target is 3711 and ideal stretch to 3730 (must be rejected) I see some very...
I got a veird feeling we start crashing on Monday if the wont recover it here right now. Last 10min rally wont count as it would have no institutional weight on it! Make your bets! Im long SPY 337P Oct 17, Oct 24th and SPY 335P and 330P Nov 11th First 2 positions are the lotto trades for me!
Morning everyone, I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again. The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it! I see 2 possible pathways: - first is the price is working on the right shoulder and will push much lower next week. My...
The fall will be big imo, there will be a very long red candle, when I have no idea, but its getting close Ideal target is 3680 and 3700, then 3735-45SPX
Sometime things are super simple! This low wont be even lower then 2020 lows! I did expect the 2020 lows to be re-visited since Jan-Feb of this year! Well its coming imo Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know. I would like to see that low to be seen in Nov and Q1 next year to be a higher low. Then we rally so hard into...
Is anyone a candle pro? Usually it gets resolved in a direction its started, the first candle. How it has to close tomorrow to be a valid pattern? Please post below