SPX Personal Notes - Jan. 23rd, 2023 - Feb. 10th, 2023. Trend broke bearish channel, short analysis of what I'd be looking for in the next immediate days.
The levels and zones should be fairly easy to follow, the blue drawings are from the weekly timeframe and above, the yellow are from any shorter timeframes.
SPX was following a bearish channel that is labeled and can be seen if you scroll back. I assumed, at least in the short term, that if there was a daily break above and close, and a second daily open and close above the channel that this would represent a bullish trend flip. After this flip I began looking into longs starting on January 23rd, 2023.
'buy target wk 30-3' shows the area I would've been okay with entering long trades for this week.
'buy 6-10' and 'sell 6-10' (and respective above and below areas) show the areas that I would be comfortable with opening long or short trades this week or next week, given the current conditions and structure.
'dnt 6-10' is an area between two levels that does not have enough information or structure in this current moment for me to be confident with opening a trade in either direction.
The buy/sell/dnt areas are not drawn to accurate timeframe scales.
Sorry for the repost!
All information and drawings are subject to change and are for educational purposes only. This is not to be taken as financial advice!
The levels and zones should be fairly easy to follow, the blue drawings are from the weekly timeframe and above, the yellow are from any shorter timeframes.
SPX was following a bearish channel that is labeled and can be seen if you scroll back. I assumed, at least in the short term, that if there was a daily break above and close, and a second daily open and close above the channel that this would represent a bullish trend flip. After this flip I began looking into longs starting on January 23rd, 2023.
'buy target wk 30-3' shows the area I would've been okay with entering long trades for this week.
'buy 6-10' and 'sell 6-10' (and respective above and below areas) show the areas that I would be comfortable with opening long or short trades this week or next week, given the current conditions and structure.
'dnt 6-10' is an area between two levels that does not have enough information or structure in this current moment for me to be confident with opening a trade in either direction.
The buy/sell/dnt areas are not drawn to accurate timeframe scales.
Sorry for the repost!
All information and drawings are subject to change and are for educational purposes only. This is not to be taken as financial advice!
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe