New high for the SP500 Index during Friday's session, and it may need further bullish consolidation this week. That said, if we look on hourly chart, the 12345 impulsive structure might with has been completed yet, so it might be interesting to try to take long position in support area. Trade with care! Like if my analysis is useful. Cheers!
S&P 500 INDEX MODEL TRADING PLANS for MON. 05/22 Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". Looks like potentially arriving at some kind of agreement on...
We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money. But to make the right decisions you must look at the data and filter out all the noise and be patient. I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the...
This idea aims to visualize the market cycles in place since the great depression. Based on analyzing the cycles we can see some similarities which we may be able to use to our advantage. According to this analysis we are currently halfway through the 3rd cycle which started after the GFC in 2009. We had 2 bear markets since then which were both less than 50% in...
S&P 500 INDEX MODEL TRADING PLANS for FRI. 05/19 Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". Looks like potentially arriving at some kind of agreement on...
Sharing a simple yet very visual idea of what could be happening with SP500 in terms of Eliott Wave. We would be in an ABC correction, A finished, B in course, near to its end, C to happen in the future. In the end, uptrend. So short term, LONG for a little while, might end anytime soon. Medium term, further correction (SHORT). Long term, LONG.
Not fan of the SP:SPX , prefer the smaller TVC:DJI & tech heavy NASDAQ:NDX BUT It is always good 2c more breadth So much negativity it is EASY to be a bear BUT Been saying for some time, outside few shorts here & there, momentum = BULL Last 2 days volume decent and AMEX:SPY shows it bit better RSI broke 1st downtrend & about to face more important one,...
With the TVC:VIX breaking the symmetrical triangle, see previous post, to the downside we're seeing high levels of complacency. Much of this doesn't make sense but we've been saying for the longest times that markets are IRRATIONAL! With #SPX breaking we could very well see a bigger push and faster. At the moment they are saying it's just a handful of companies...
TVC:VIX mini inverse head & shoulder pattern has gone way of dodo bird Long term trend has been broken for some time We stated long ago that the direction this would be broken would show how #stocks would react What does SP:SPX look like it wants to keep doing? Will post quickly right after this #SPX #VIX
S&P 500 INDEX MODEL TRADING PLANS for THU. 05/18 Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". Looks like potentially arriving at some kind of agreement on...
On daily timeframe, we have a last pump wich show us the level of distribution area, nothing bullish undeer 4200. If the daily candle will close under 4.160, i will enter short
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/17 Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". Looks like Biden and McCarthy potentially coming close to...
No position here, yet. Looks like a HS is forming but still yet above of strong support area. We need something to trigger the break down, unemployment claims news is coming on Thursday and Powel speaks on Friday. Just be ready for a big drop.
As an analyst, I often wonder if I get too much into the weeds (so to speak) at times. In the final analysis do those tiny details even matter? When you’re both a full time trader for profit, and simultaneously an analyst who shares one’s work publicly, often times distraction and multi-tasking is the enemy of discovery. Hopefully, this is not one of those...
I will enter with a short if the support line will be broken
This market is very strange, keeps bouncing off within a narrow range. I just bought some calls expiring on the15th, highly risky. Let's see what happens. I'm speculating that market will open with a gap up.
The S&P500 closed lower by 0.3% as of the week end at level of 4.098. This is the second weekly decline for the index. Although big tech companies finished the week in green supported by the surge in Alphabet shares, still, the fear over potential new collapses in the banking sector are driving the investors sentiment to the down side. Regional PacWest Bancorp...
In this post I will be making some projections and will also try to walk through the thought process to make those projections. Note: This is not Finacial Advice these projections are just some calculations based on the data we have currently, if the data changes, projections are likely to not play out. I am sure many of you might have already seen this...