The down Market has gone on a halt now price is going up if price breaks 3725 will see price move all the way to 3920 so prepare buys and get ready for some bullish momentum
This is why Im not jumping on the long side today just yet, another bull trap from the open.
I want new lows to enter with longs, ideally we hit 3588 or at least low 3600. Maj closing support is at 3636-39
The buy is coming soon, waiting to press at lower levels
We didnt get lower open I was expecting, instead it gaped up.
Im not trusting this moves up till new low is made. This week should be green going into next one imo so have to mind that.
Mon/Tue are the days for the temp low and since we made a higher high, it seems we got one yesterday.
Will be watching levels to go long.
Main support in 3680s (if it gets there,...
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...
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How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and...
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...
On Friday September 23rd, the FED held a very important meeting to discuss the current issues that we are facing economically, while most of the comments were bleak, there were a few clues that our supply chain could finally see a light at the end of the tunnel by next year (not without heartache of course).
The largest issue we are facing is supply chain &...
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,...
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...
A slightly lower into my 3802-17 level will be a perfect hit of the lower trend channel.
NQ already broke its on to the downside! Important to note
A right shoulder fake rally will be perfect before it really drops into Oct/Nov lows
Also dont be surprised if it breaks, then look for the retest of the broken trend channel from below
P.S. Dont forget to like...
I have changed the color theme on my chart and removed everything I could to make it clear for those who are having troubles reading my charts.
Look what I just saw!
Let me introduce a possible pathway after tomorrows FOMC announcement.
On June 15th we have spike up and had a big range day. Then next day the price gaped down and made new lows.
I see kinda...
There is plenty of room for MACD to go lower and still stay in the channel.
current MACD is showing a hidden positive divergence, but again, the price can make new lows while MACD a higher low.
I missed am short, now waiting for 3802-17 to go long.
Wont rule out a move down to 3750 tomorrow before FOMC
The way I see it is that we will bottom today tomorrow and rally back to 3880+ after the FOMC decision, then completely erase the move by Fri.
Should bottom on the 17th and rally up into EOM early Oct, then continue lower
Dont try to trade this, very...
