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...
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
4020-23SPX is the must watch, failing to regain it by tomorrow's close, will be super bearish imo! I know many are trapped and can be in denial, get protection! Im going to enter with lotto Sep 6th puts if we see 4020 today/tomorrow
SPX can stretch all the way down to 3900-10 if it wants to. Maj support cluster is at 3910-50SPX Today is the reversal cycle day, so I take what I have. Main resistance now is 4025, above it, we can fly. Mid of the channel hit, not shown on the chart Monthly resistance close is 4156SPX, so must watch on closing level, its tomorrow... Im long
I was expecting a better rally off today's lows. Main support cluster is 3910-50SPX Main resistance is at 4125 and 4160-65SPX One more support is in 3992-96 zone Was looking for a low on the 29th, we got that, tomorrow will be a tell if we get a reversal Tuesday. Im planning on buying the longs tomorrow if we make new lows and hold into the 2-5th high. NQ...
I know its crazy in one day, but targets are targets! Homework pays well when you follow and stick with it
I had no time to post this last night, but I did the ES. We did hit my upper target at 4210-20, reversed and never looked back! Was looking for this move for several days now, but it came so big, I didnt expect to have so much of a move in 1 day. This gives me more confidence on my lower target zone to hit 3930-50SPX So for today's close 2 very important...
it appears to be a now mildly bullish sentiment in the short term, but a period of uncertainty with low volatility. what technical indicators does anyone think were present for today's short term reversal?
a larger than expected gap up this morning with no fundamental change to remove the underlying bearish atmosphere. was this gap up the last opportunity to go short ahead of the fed meeting tomorrow? or is this simply retail traders eagerly investing extra funds they were saving to pay off their loans, despite market circumstances? please leave a comment,...
Morning, quick update here Lets see if we close below 4145 again, then we are going down into the 29th low I have a main resistance to hit at 4166+-, above it it can stretch to 4175-76, should hold the night highs today and make a lower high during the regular hours imo Im going to short 4166 and 4175-76 with a stop Im currently long ES from 4148, tight stop there
Posted my other working chart instead of this one. Again very important to watch 22-23rd highs being taken or making lower highs. Today's level of importance is 4145SPX, closing above will press higher tomorrow, below not good for the bullz On the road all day, will not post till late night
Watch 4135.30SPX number, closing below will flush tomorrow and vice versa! 1h is showing a positive divergence when 15min is actually setting up for a flush, RSI is below 50, MACD below 0. It should give one way or another! Very interesting thing is this, next stop is at 4069-80 and nothing till 3951! On the upside must close above 4140.20 for a push...
Im looking for a test of 4200 to buy or short below 4267.50SPX at the close. VIX is out of its wedge and Monday can be a good gap down again if we close below 4200 Very important level is 4267.50 on the closing level today!
SPX flagging, there is a good setup for a good size gap down tomorrow. Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern) If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close. If this is what will play out, then we...
Quick update. The price needs to gap down tomorrow below 4255-57 to confirm the top being in place. Usually this type of the move trap bulls for long, so as long as we gap down hard tomorrow, I can mark the top being in. There is still a room to squeeze to 4330-34, but Im not really playing it unless I see a good setup. If we gap up tomorrow, will have to...
Hello everyone, We have a very clear 3 wave structure here that has extended the 3rd over the 1.618% fib extension after breaking up from the ending diagonal in the intermediate 4th wave position. I wouldn't expect SP500 to fill the 3,800 or 3,600 gap anytime soon guys. So I think 4,000 or maybe , possibly over shot 3,900 worst case IMO. The 1 fib level will...