In this post, I will attempt to analyze where the market currently stands, and present both a strong bull case and a strong bear case. Bull case: First, the chart: The chart above shows the S&P 500 ETF (SPY) on a 4h timeframe. The yellow and orange lines are exponential moving averages that represent the MA Exp Ribbon. As noted in a prior post, the MA Exp Ribbon...
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...
Breakout attempts can happen without any triggers but when a trigger appears and coincides with market bottom, then there is an agreement and slight trading conviction that may be worth considering into the last half of the year. There is a daily wolfe wave setup that triggered on June 21 closing day at 3767.75. The projected target is calculated by extending a...
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!
Looking at the spx500 index to run back up to fill liquidity imbalance at 127% extension
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
Analyst of the spx 500 index on 07/07/22 Today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 3873. In the last trading session, we saw the expected increase in the index that I mentioned earlier, here is a link to the idea. In today's trading session, I expect a move up to the level of 39 20. The struggle...
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!
This is a quick update with levels of importance. I will update in more detail those who are on my email list, cant do it all. So I think we will see a really this week and I have 2 targets - 3880 and 3960-90SPX Both are good for the lower lows to come sometime mid of the month, ideal bottom target is July 14-18th. The top in 3960-90 zone actually better fit...
Analyst of the spx 500 index on 04/07/22, today we are here to talk about the SPX 500 index What's on the market now: The index is trading at 3825. In the last trading session, the market began to move up, but in essence the market has stabilized. Now market participants need to choose a general trend in the direction of which the new trend will develop....
Today we are here to talk about the SPX 500 index. What's on the market now: The index is trading at the level of 3788. Currently, we see a developing correction with its end in the area of 3735-3700. In this zone, the market will have a chance to reverse and move up to the level of 4050. However, if the market does not have enough strength, then we will...
Watching the close here. Its really must close above yesterday's lows, above 3801SPX for tomorrow to continue this move. Failing closing above 3800 wont be good going into EOW tomorrow, below 3780 will be bearish for tomorrow's open imo Must save the day with EOD squeeze. Closing above 3825 will be perfect for tomorrow's continuation
So far so good from my yesterday's update. We should test 3760SPX (already did on the ES), with an ideal stretch to 3735 in am. 3725-35 is a must hold for today imo, otherwise it opens a door to 3662SPX, which I'm not in favor to test just yet. Looking to exit remaining short at 3755ES from yesterday's close and start layering in with longs for a potential...
Im back from my little trip. So far so good since my last update, we are going to test 3760 and ideally 35 today/tomorrow and then a run back to 4017-20 by the 4th-6th. There is a chance we see 3500 sooner then later, so have to be very careful in sizing on any trade. Im going to buy longs today starting from 3780 and 60 will add if we see 35
ES is at Bull/Bear line, hit 110 MA and 50% retracement. A real test of who is in charge is right here. As well as ABC move up with perfect 100% extension hit on the SPX close. Jumping over the 110MA and test from the above will be a good sign of continuation of this move. There is also a possible fakeout to watch. A perfect place for a pause of this move up...