Not being able to even test 4k zone, we should see my 3955 and ultimately 3935-40
4003-10 is the main resistance level.
Im going to short 4020-25ES with a tight stop
Its all about 4125-35, 4150-60 and 4202SPX now.
All 3 are resistance levels!
Support is at 4085-90 and 4025, below it we should see 3955SPX
Im not sure about the exact pathway, so my game plan is to short 4145-60 and 4202 zone. If we breakout I will flip for a trip back to 4285-92 and even over 4300SPX
Please note, that this can even extend to 4425 just to screw...
I want to present a very possible pathway in case MACD will make a hook like turn, which is very bearish!
I saw this many times, when everyone is cheering bullish and looking for that golden cross and all they get is a the hook formation (zoomed in and outlined at the bottom of the chart)
So far MACD is still way below 0, RSI is at 50 level and could make a lower...
I missed most of the day, Im waiting for my 4125-35 test to short and exit some longs I have running since last week (those were under the water at some point, now nicely in green)
Want to see some pullback into the close and then spike up tomorrow to hit the target zone for a fakeout move.
High tomorrow and low on the 16th, then we should rally to 4200 and even...
SPX Look how interesting. After this crisis that we are experiencing with the corona virus, several opportunities have arisen to buy assets over sold and giving a great asymmetry that is ridiculous. But, everything is not flowers, the government had to print money like never before, causing the dollar to depreciate and inflaming the consumer price index. Making it...
We didnt get a move down off am highs as I was hoping for, gap up above 4020-35 happen, so the move lower is off the table.
Now 4025 and 4015 are 2 main supports to hold for next week to continue advance. 4085 is next target.
This still can be a fakeout and if we close below am open, and especially below 4015SPX it will be bearish and I will be looking for 3925...
Hi everyone!
Im still battling with timing on the high and potential crash this/next month.
We either bottom this month, we have interest rate decision on the 21st and then up into Oct 3rd week where the turn suppose to happen and last into EOM or even Nov.
My timing showing a low in Oct/Nov.
There is a chance for us to see 4425! but the lows we just had must...
Hey tradomaniacs,
looks like SPX500 is ready to fall again soon unless news give us any other input.
So far Market-Depth has shown on overshoot with trapped buyers right at resistance.
Another re-test with e.g. SL-Hunt could confirm this setup! Technically a good spot to sell.
Let`s see! =)
I have no good feeling here to be aggressively long, this either holds and we have good size rally for a week or two, or we just fall apart from here.
Have stops
P.S. Dont forget to like my posts, so it gets pushed up on TV for others to see as well.
Thanks in advance!
Here is my SPX update I sent out to those who are on my email list:
Ideally we see lower open on Sunday and maybe Monday and then push higher into the cash open on Tuesday (we already got the first part), that would be bullish.
Also, I wont rule out a move down to 3840-50ES on Monday and 12k NQ and reverse to open green on Tuesday, that would be very bullish...
Double bottom here, ideally we go hard up on Tuesday.
Im in with lotto Sep 7th calls as well as some ES longs, short NQ from higher level, keeping as a hedge
Its a panic cycle week as well as a directional change week, so a straight move up is not ruled out
Have a good weekend.
I didnt expect such a big Fri fckery all day, wanted some retracement off 4025 and break it above and it just fall!
The white trendline is the king, support cluster is 3910-50, closing below will be very bad going into the weekend!
Its a weekly closing today. Next weekly support is not there till 3720!
Im still thinking they will squeeze into the close, but if...
Very important to get above 3992-97 tomorrow to continue this move up!
If we reject it in am, very dangerous sign.
Ideally we go up into that target, then retrace and go above 4k level.
The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish.
The issue is, we need a confirmation and...
I cant post 5 min chart, but you can check yourself.
Use 5 min chart and apply 110MA on it and see where the price topped last few days!
Now its a must press here to finally break the bearish trend, next 20 min will be important!
1H chart is fighting 10EMA as well...
I want green close, Im long and I dont like the price action (def the game we play), so if we...
Accurate analysis. That's an update. Based on my analysis for US500 on Aug 17.
To be Notified about the analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
Futs are down and it seems the flush continues!
Must hold the 3910-43 cluster tomorrow or it opens the door for low 3800!
Absolute must hold is at 3890-3900 tomorrow am, right at the support trendline!
If it holds and reverses tomorrow, we should go up into the 5th high, ideally we see 4080-4135 at min
Have a good night
