The market has been rallying for about a weak now but less and less buyer's are committing to their positions as volumes drop when premium prices are advertised. 4031.6 is the last line of defense as liquidity is available 4042.6
📈Trade Idea📉 🟡 #S&P500 Index 4H ✍️We can have two trading scenarios for this index. Considering that S&P is in the Equilibrium range, it can move as a continuation movement (CP) to the supply ranges in the chart (Premium), of course, with the condition of penetrating and closing a four-hour high candlestick (PDH-PWH). In this case, consider two scenarios for...
37 minutes ago Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use 1. The Fib from Jan 4th high calls this the .382 Resistance line 2. The Fib from Aug 16th high calls this the .618 Resistance line 3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES Note the declining volume the...
the 200 day ema has called all 2022 TOPDS - now again In general, the 50- and 200-day EMAs are used as indicators for long-term trends. When a stock price crosses its 200-day moving average, it is a technical signal that a reversal has occurred. Traders who employ technical analysis find moving averages very useful and insightful when applied correctly. ****** ...
SPX500 Double Top Confirmation off our R2 Resistance area Looking at the market to hold and based off FOMC admitting a looming recession I believe there is a lot of room to the downside of this market potentially targeting the 3300's in the coming months.
Potential for massive SPX dump over the course of the next 1-2 months w/ macro continuing to look bleak.
Analysis of the spx 500 index on November 23 Today we are here to talk about the spx 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at the level of 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said...
SPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night. I did warn that this can test 4007SPX, its getting close to it. Did few long trades in am, not touching this till tomorrow. FED should be a perfect catalysis for the top. If the price will hold 3946-49SPX tomorrow instead of making a...
Analysis of the spx 500 index 11/21/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at 3949. Yesterday, as I expected, we saw an attempt to increase the index at the market opening, i mentioned earlier. However, there were few volumes on...
I really like what I see here: - Longer term broken to the upside downtrend line test from the top 3744-50SPX - As well as the gap to close from CPI numbers 3748.85SPX All comes to Dec 1st. Number to watch for tomorrow is 4010.50SPX on closing level. - If the price gets to 4007SPX I will short with a 10+ points stop Maj support is at 3744SPX on closing...
This is just an idea of a "soft landing" for stocks. The level marked is technically the last gap that could close to the downside when it comes to this cycle. I'm still on the page of being all in at that level as I still am of the essence that a bottom has been reached for stocks. Of course all this can change the moment something breaks. If this does play out...
So far its a text book 1-2 setup to the downside. 2 targets are on the chart with the red arrows there pointing to each target I did few longs today and now positioning myself short Ideally the price sell into the close and we see lower next week for a 22-23rd low Have a great weekend and dont over trade during the Fri OPEX fckery
As we continue to monitor the broader index market we see many discrepancies between the S&P, Nasdaq, and Dow Jones. All 3 are not displaying the same level of strength, but what they do all have in common is signs of weakness with this last rally. Although I'm open to the idea that the markets have bottomed, I still think its more that we still have 1 more leg...
🔴 SPX500 TF: 4H Side: Short SL: $4009.75 TP 1: $3937.75 TP 2: $3893.00 TP 3: $3857.00 SPX500 will have a small correction here.
Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index. And so let's see what happened to the index over the past day. What's on the market now: Today the index is trading at the level of 3946. As expected earlier, the market started to correct. And yesterday we saw the price reach the 3920-3900 level which I mentioned...
I have marked resistance to take and support to break. Did a quick long from 3972.5 long and already out at 3983.50. I will jump on a wagon if it break either side, so far no mans land, need to see the real move here. My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long...
Needs to break 3950-52SPX to continue lower. In triangle now, below maj resistance trendline. Looking to buy 3907-13 for a bounce back to 3950-55 level, otherwise holding my swing short Topping is a process...
Perfect example as to why patience is key in trading... It is all it takes and it is a valuable lesson I am still learning dearly!