A good spike up to hit 1.618 tomorrow will be perfect to mark a temp buyable bottom. Fear and Greed is at 18 (extreme low) Tomorrow I start buying!
So close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long...
This update works only if we wont flash crash tomorrow from the open or even pre-market. Next week is a directional change week! If we hold 3636-40 on closing level it will be quite bullish imo. But I still think we will deep down to 3588SPX before it finds a good bottom. Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important. I think...
I know many were doubting it can continue to rise and some were expecting lower before higher. I think its about to explode soon, so be careful! A some sort of a flash crash can spike this guy very high into Oct.
Next stop is at 2020Feb highs! (on the chart, black support line) Eyeing to see that target hit early next week, ideally on Monday/Tuesday Sometimes things are super simple Have a great weekend
Lets see if they can push the price up, I will enter with lotto puts at the close
Im watching the close, will be buying lotto puts Here is a link of the same chart posted before
Resistance is at 3725-30 now. Maj support on closing level today is 3721SPX! The price is below that number. So if we close below (and Im looking for a rally back to 3730 and fail) then we could see my 3580 as early as Monday! Next week supports are: - 3662 - 3636 - 3580 - 3540-45 ES next stop is at 3666! We are below all the possible support fib extensions,...
Its getting close, should hit next week. Its still not a place to be long imo, we are still in a rabbit hole SPX can see 3200 level next month! Powell damage control is here, dont get trapped if we go up into the close BTW here is a link from days ago, you know where the price is now
Hi everyone, This one will be quick Its a weekly closing and I got both daily and weekly Major support at 3721-22SPX on closing level. - S2 is at 3709 - 100% extension off Aug 16 and Sep 12th highs is at 3680SPX We have Powell speaking at 2pm Eastern My trading plan for tomorrow: - currently short, both ES and NQ (ES entered at 3769.50, stop 10 points) - exit...
Here is last chance for the bulls to push into the close, levels to watch are 3802 and 3817 on closing level I have set a buy order at 83 with a tight stop (if it gets there again, will be a good r/r imo) Bull flagging Must close above 3786 at min for any bulls to have hope for another push to 3802-17 at min. My thoughts are either we see 3710-21 tomorrow am...
Only hopes for bulls is this IHS, which is quite ugly looking. Target 3794-95 to 3800 Only if we close above 3817-18SPX, only then I see a possibility of a move upwards to test 3850-55 and ideally 3880 again Daily S2 pivot is at 3707.52, daily and weekly maj support is at 3721 on closing level Wow just realized I have almost 600 followers, thank you all for...
We got my green open but it didnt really continue, I did few longs, still have one running in case its bottoming here But wont be surprised of bigger down days to come, 27th should mark some sort of a low in turn around Tuesday. I think we hit 3680 at min, be careful on the long side. The price is so weak cant even bounce much, means consolidation for lower...
It was a crazy day, as always after FOMC. Im expecting this move down to reverse completely and more by Fri. - Main resistance is at 4012-15SPX on weekly closing - Daily resistance is at 3802-17, 3850-55, 3895 and 3935 Tomorrows support (if the AHs price wont be reversed by the open) levels: - 3752-50 - 3721 - 3680 I expect 3721SPX holding strong on closing...
Check the orange line and see a link for the SPX chart below. ES stopped at the support trendline (we broke out from on Jul 27th and now re-tested from the top) Expect this to be a good support for at least this week. SPX already broke it but stopped at smaller trendline from Sep 1 and 6th lows. Apparently I can post 10 charts per day on this website and not...
This is what is holding me off from being aggressive or just being long into FOMC. Im hedged and waiting for the announcement
Watch the 110MA here on 1h chart, its a key for tomorrow's price action. If we gap up and retest it, the price will go up into 3943 level mentioned yesterday Again my thinking for today, is a repeat of Jun 15th with higher levels after the FOMC on the close level
I want to see a final move down after FOMC, maybe lasting into tomorrow and then up into the 26-27th high. On the other hand it can just blast of making a higher low to suck more bears in and stop the longs. Make your bets, today will be volatile. Main trend is still down. Im looking for a high on the 27th and sell hard into the EOM in Aug like move