Finally back to my desktop, can post wider charts. If H&S breaks here, target is my 3885+-
Im in transition for next 16 hours plus, wont be able to post or trade the open. Im seeing a small H&S pattern forming on smaller time frame. Should stay below or around 4k top for it to hold and then trigger. Looking for a low either on the 25th or 28th. Ideally we top tomorrow as time window suggests we will, or low tomorrow and high by Wednesday. Im expecting...
Nothing changed since my last update, we dont get much in declines, so the pressure is up. My timing for the high is 25th, ideally we gap and start the move down hard. 3880SPX is the main support now. If we get down to 3950 I will get my longs back on for a trip to 4030-40 and even 4075-90. There is a solid yellow trendline goes from 2009 lows and goes all the...
So far so good, the top should be hit any day. Looking to short from 3992 and then at 4015-30. I got some trapped short running from yesterday as well, was looking for a small pullback into the low 3900 and we got shy of my cover zone. Traveling is coming to an end next week, hate that type of mistakes
There area three possible way for SPX to walk - check Blue/Red/Green three way general analysis. IMHO it's going down to retest support $3900, $3940 , and even $3800, $3750 area -- most likely build more consolidation area, then decide to retest $3636, or reach for $4150 -- Follow the wave!
Copy pasting of what I sent last night to those who are on my email list: It seems the market is going to test 3965-80 zone after all. I was expecting it first part of July but it took time. So some "wave slapping": - My target is 4030, it can top at 4013-18 but it doesn't really matter - A wave (around 25-26th of Jul) - Down to higher lows into 37xx zone (with...
Quick update here. It seems it want to see high 39xx after all. Really has to close above 3918SPX today to confirm higher numbers ahead. 3930 is the absolute must hold for this to be over. Looks like a 5 up here, very clear on the NQ (needs 12225-35) and the ES. Will be watching the close to either enter with longs or short for tomorrow. Next levels, if closed...
I didnt have much time for a research this weekend, it's our family trip we are on and I have no time to trade at all. As promised, do a quick weekend update, will do a broader one for those who are on my email list (if I find time later today) Next week most important resistance is 3918-20SPX on a daily closing level and 4090SPX on weekly closing. 4090 is the...
SPX closed again below 3820, today that number was 3819SPX Next support is not till 3752. Below 3752 will get us down to 3660 zone Im expecting to low to hit tomorrow, Fri am at max, then probably a weak up to 18th and final low to hit on the 20-21st. Ideally we hit 3500 or 3555-50 and hold, then rally to 4225 and ideally to 4300 in Aug. Will update those who...
Hi there, We just completed 5 waves down, now we are changing the trend short term for the upside, Price is inside a bullish triangle correction waiting for next leg up, up until 4300 possible Add at spikes down longs to the target 4300, good luck
Just got time to do an update. Very important to close above 3820 today, otherwise we will be on the way to my 3730-60 zone, 3750 will become the next target. If we close below 3820 today, I will short any rip and do some lotto puts. On the other hand closing above 3820 will get me long for tomorrow Broke 3820 already, could be an ugly close
SPX can retrace a bit tomorrow, 3810-30 should hold. Looking for a rally up to 3960-90 zone from there. C&H possibility is still alive!
I think the move up is not over yet, needs to hold 3830-45 (45 is the gap fill zone), below will get us down to test 3730-60 zone again. 3730 is the main support at the moment. All my resistance numbers from July 7th post are active! Please note that the C&H formation is still out there and it needs to get above 3945SPX to trigger the rally to 4225+ There is...
Its a very deep C&H but still can be valid. NQ and ES have a better looking formation. All we need here is to get above 3955SPX and then we are off the races. Its a long way up, resistance levels are: - 3913-15 - 3965-82 - 4075
3838-40 is the dividing line for today, failing closing above it will get us down to test new lows. The markets are weak with not being able to close the highs for several days, a warning sign
Looking for either a double bottom here or a 3720-30 test
My long term chart. There is no 5500 anytime soon!