Im not an EWT expert but this looks to me like completing the 5th down or the C wave of the bigger A wave down!
THIS IS THE BEAR MARKET!!! 6th month and rolling now. All those 5500 coo-laid smokers were destroyed 6 months straight!
Typically the bear market is lasting 2 years, I expect the maj low in Q1 next year. Its 6th onth now, so this move down should follow...
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
Simple game plan, considering price action is narrowing down:
Long Order:
✔️ Entry: 4090.00
⛔ Stop: 4050.00
🤑 Profit: 4203.90
Alternative scenario would be for the price to rest on the lower trendline, slowly trending up until it does a sudden drop down. In order for the above mentioned setup to be valid, I would like to see a bounce off that level, not consolidation.
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,...
This idea i posted in my channel on Friday, i Entered at 4098 and hit my TP2 at 4167. I believe we could find another entry around this region.
Here is my analysis for S&P 500
SP:SPX
I have marked out step by step how i have come to find a long position on S&P500 .
Price has broken the previous LH and created a new HH which has BOS.
There is a key level of...
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 looking for a low to buy, ideally in am in 3922-45SPX zone, might stretch to 3885-90 (low odds)
- Low target for tomorrow 3885-90SPX - Main Buy
- 3922-45SPX mid buy point, high chance of holding tomorrow
- 3850 and then 3834 zone is the maj support zone
Buy zone for tomorrow
- 3922-45SPX expect it to hold and press higher
- 3885-90 is the main buy zone
-...
buying the next pullback can be very profitable for higher levels to come.
If closing at this area tomorrow can gap up for a stop run at min
Ideally we still see 3900 test, will be a gift
In this analysis we can see clearly the fall that has followed a sharp rise in the value of the SPX.
These Rises come accordingly with larger falls and retracements.. It is YOUR job as a trader to manage risk and get deals in at the right point.
That's right. you buy as price drops because you want it low. You sell it back HIGH! That is how you make money.
Take...
Im leaning long after 25th shenanigans, ideally we hold 3885-90SPX and move up to breakout from the downtrend channel into EOM
It seems I accidentally was posting my charts as private and not public and only few who got the link was able to see it.
4305SPX is the main resistances now
3970-75; 4036-56; 4111-25 and 4160-70 (must hold for continuation lower)
-...
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
