SPX needs to break 4245 to be bearish on this move, otherwise still in the trend channel. Watching 4248-52 level, can be a good r/r long there at least for a bounce with a stop below 45
Expected a high being hit today, we got it. Expected a close below 4308.5SPX, we got it. Expected a red close, got it only on NASDAQ and Small Caps. As long as we stay below 4340SPX we should see lower is my next expectation. VIX (see my update earlier) has a clear ISH pattern. Main support is 4177SPX Tomorrow must watch numbers are - 4285 and especially 75,...
SPX near the key resistance level @4305 that it tried to break unsuccessfully 3 times on 25 April, 28 April and 5 May 2022. This subsequently led to a continuous bear run down to the lows of 3643. I'm expecting at least a slight pullback/retracement from here @4305, back down to 4200 to find support at the 200 Day EMA. Buy Zones: 4100 (100 Day EMA + Previous...
Ideal target has been met! Watch to close below 4308.50, ideally we close red, tomorrow will be a bigger sell off with the bounce on the 18th. The target zone is at 4300-33, it can stretch into 20s, I will short it there, or short if we close below 4308.50 Timing should be right as per my last night update. I will post a zoomed out chart after the close with...
SPX coming to the top resistance where it previously got rejected (2x). Also looking at a similar fractal, as well as de MACD showing similar movement. Price is either gonna go bullish here and breakout, or we're gonna see a big downwards move.. What do you think?
Its a turning day tomorrow, the 16th, expect it to be an intraday or a closing high. Super close to the Gap Fill at 4300.16 and my main target/resisatnce at 4308.50. Had that number since Jun, didnt expect it to get hit mid of Aug but EOM or first days of Sep. Timing for the low is on Aug 26th and I expect 4010-30 to hold! Might get to 4050-60SPX only, will...
Nothing much to add since my most recent updates. The price is in the target zone I had for a while now. Was expecting a good size pullback, never happened. Im still in some trapped ES short, as well as RTY from Fri close and some SPY puts. We got right into the Yellow dotted line I had for months now, its the main resistance line and right in our 4308SPX target...
Nothing much I can add, but few things: Lots of evidence of the market hitting the ceiling - SPX is at 61.8 fib retracement, very important to watch - Added a trendline off Feb 2020 and Sep 2020 highs, we are right at the resistance zone. - Main target (4308-30) is getting close to hit with no 4th wave pullback but relentless grind in a C wave up. - Weekly...
SPX back into the broken channel, fakeout was expected since my last night update. ES has the same look. Im having internet issues all day, barely traded few times. Might internet problem can last up to end of Saturday, might be an issue posting till then. I will try my best to post when I have internet working Daily S1 is at 4383.52, we got a bit shy of that...
I dont think we will see much lower today but form a shooting star on daily. So far broken above the upper channel and the ES tested it from the top. Im going to watch this level and comeback before the close.
SPX500 has dropped 25% from its peak on Jan 22. It has recouped around 14.5% loss and it is above 200 EMA. The trend appears to have reversed. The market is in a bull phase now. It is safe to be long if the market is above 4,200 levels.
- VIX gave a long signal and short signal for the markets, same as we had on the 29th of July. Tomorrow we have a directional change as well as Fri with clear low on the 16th. I would like to see a good move lower starting tomorrow or Fri and a gap down on Monday. Volatility spike on Monday supports my view on this possible outcome. And then reversal day on...
Im watching 3992 and 3938-40SPX zone for a possible support zone by Aug 16th. Should stay below the broken channel and gap down tomorrow
Posting from my phone, not sure if the picture will be normal looking or squeezed. Must watch sone here, bulls must defend it, long with a stop below today’s lows. Bears must break the line and short on the retest of the broken support Same support levels as they were in my last SPX update
Didnt do a weekend update, was no point, nothing new since the last updates. NQ hit it's resistance cluster I mentioned before, SPX did as well and even exceeded a bit, but now way below it. Resistance cluster is at 4160-77SPX, where 68 is the maj resistance on closing level Im going to watch 3992 and 3938-40SPX level for the support to hold and a push into EOM...
Video analysis of the recent Price Action to the SPX500. Hope this helps anyone interested.
This is what was sent to those who are on my email list. I have 2 pathways going into the mid of the month. - 5 waves up, then the 4th wave should be limited to 3930-40 and might even get to 3985-92 only. 3910 MUST hold on any test for this count to be alive. It means next 12-13 days will be less volatile move lower and limited. - Much deeper B wave down to...
Hello there all, Here's the SPX analysis outlook potential direction. Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis. Please do drop the chart link below in the comment section. This is not financial a advice. 🙂 Thanks all.