Well we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54. Im seating on my hands and looking for 3885-89SPX to hit to go long. We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX 4215SPX will the be the main target on...
Im watching 2 numbers - 3980 and 3950SPX (there is 4008 as a smaller degree support, so far held AHs in futs) We should hold the am low and rally um into Monday high. 2 pathways: - either we get to test 4077 (after 4008 or 3980test in am) and decline lower into Monday to 3950 - or just blast up into the 13th high, can stretch to 4215SPX for a fake out move...
Im long here, tight stop, next long will be at 77 and 62 respectively. The bulls are running out of time to push higher, the max Im expecting is 4215 or so test as a fakeout move and then a full retracement down to 3885. Hard market to trade, unless you trade the range, which is not easy as well. Probably will stay in one till the DEF meeting
So far so good from the other day update. We should test 4090SPX at the open with ideal test of 4077 and 4062SPX and hold today. Holding 4060-75SPX level will produce a good support for a move up to 4215-25SPX and ideally all the way to 4300. After the next high this week or early next, will set us up for a move down to 3885SPX test! Only after 3885SPX tested,...
SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300! Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high Buy zone for tomorrow with stops! -...
After a bullish breakout above a strong, weekly trend line(in yellow) and a previous lower high, S&P 500 is surely showing bullish signs. A small LTF consolidation has formed at the retest of these keylevels, a strong bullish continuation willnbe expected if an impulsive bullish break of the consolidation occurs. If u found this, remotely helpful please drop a...
Im tracking SPX Elliott Waves and SPX is about to close a Flat ABC (yellow). Next targets are 3582, 3220, 3002 and even 2633 is possible. Also Fed should announce new Rates hikes... everything is sync to present new oopportunies lower. Cycle Wave 4 top entry fibs are in between 0.3 - 3573 and 0.5 2743
Todays close must hold 3990-4000 on closing level! Closing below will bring much lower levels in Jun. Im not in the camp of the price falling that much in one day, but something to watch in case it happens. 4305SPX is the main resistances now Resistance - 4160-70; 4208SPX (must hold for continuation lower) - Low target for tomorrow 4105-10SPX - Buy if seen in...
Daily is a downtrend, and it has pulled back very deep. Although it has done that I still expect price to continue down overall. I think it is time for it to meet those lows again and make a new one
Right now we are experiencing the early stages of a big breakdown on the SPX I say this based on the formation provided, which has even been produced on a smaller scale for observation on the SPX chart A break down like this will be disastrous, but not the end of the world The formation provides bottom points along the dot come bubble, 08 crisis and what is yet to...
I am continuing my bearish sentiment on SPX for now. Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
Hey tradomaniacs, SPX500 is about to re-test a very important resistance-zone which can provide bearish confluence and so another sell-off. So far fundamentals are still pretty hawkish which should not be good for equities, especially since Jerome admitted it might be painfull to "softland" the economy. However, previous upmoves were probably just a result...
Sitting on a trendline from 2007, if we switch to linear it's a little lower, so possible there is one more low but think this should be it. Then we get a 1998 style last horrah up to 6k's where we run for the hills, at least my current plan.
Going short Spx, looking like it will take out that “support”/double bottom. Overall daily bias bullish but a good setup in my opinion. Goodluck everyone and always have good risk management!
We are on the daily timeframe and we can see that historically buying the S&P index on RSI lower than 30 is an opportunity. Current S&P 500 PE Ratio is decent: 20.34 Min: 5.31 (Dec 1917) Max: 123.73 (May 2009) I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $4900 by the end of the year. 2. Worst case scenario:...
Due to plans this weekend I'm writing my weekend updates early for my followers Aristotle is quoted as having said. "It is the mark of an educated mind to be able to entertain a thought without accepting it." I entertain thoughts of alternative patterns constantly, but always rely on a primary count to follow through first and foremost. But with Fridays late...
Going short Spx as overall price bearish and got a shift on the lower timeframe. Possibly the high of the day has just been made, goodluck today!
Price looking like it’s failing to make HH’s and HL’s. Going short and targeting 4.5R as my TP. Goodluck!