I really want to see 3675SPX tested and then a move above it after a retracement. The down trend channel is important here, so all eyes on 3675SPX! Im out from my Fri longs at 3645, will re-enter Also closed my SPY 346 calls at BE, very happy with not loosing there:) Please note, all the purple lines are the unfilled gaps! P.S. Dont forget to like (click...
To go over my thought process with this trade -- I realized We are going over those highs -- We had 3 distinct BSL zones look intreaguing -- The funny part is my Initial Entry that I was targetting ALL ALONG was correct.. This is the trade I am currently in targetting 3628.75. -- SL NOW AT BE - We had distinct lows all 3 were higher lows than the other.. ...
We are getting there! So close to a touchdown. Those who follow me, know that I had 3588SPX target for a long time now, so the price is delivering that to you! Have a great weekend.
After the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the...
CONFLUENCES: - Respected 50% fib from HTF Trend - Took out BSL - MSS x2 - Retest inside 3M FVG - Retest under Breaker - Re-entry inside FVG after judas wicking out previous highs inside 3m fvg - relative eq lows are targets + 15m FVG below - (HTF Bearish)
I wanted one more high today to short and the price is just so weak, its unreal! This was my NQ update from last night No more longs for me till the quarter end tomorrow! All eyes on 3636 and 3600SPX on closing level! Closing below 3636 will bring mid 3500 (3555-45) next, then 3500. Closing below 3600 could cut another 100 points plus tomorrow! So far it...
Hey tradomaniacs, ICEBERG-Order spotted again after Buyers got trapped with fake-momentum. Absorption happening here! Usually another fakeout before aggressive sellers (we need velocity)! Don`t join the party too early and watch this level. What do you think?
In the past 2 years things were very strange, good and bad. But now again during the uncertain times, what can we expect? Well, I just put 2007-2009 crash chart, and what we can see, believe it or not, it looks very similar to the current one. What needs to happen in the world to see such a collapse or even worse than in 2008.. There can be a lot of reasons,...
15min is diverging down, watch for 3731-32 print (I have few to short there), we came close enough though. That resistance line above it what must hold on any test, it will be quite bearish if it does today/tomorrow. Needs a gap up to confirm the low is in. I have trimmed my longs and entered with SPY Oct exp 351P, also have order to short at numbers mentioned...
the sp is looking like it could bounce here forming a double bottom pattern will see everything else rally aswell if we can get a bounce here
here is my setup for on S&P500 my expectation is the end of the long up move gonna be from the area A or B in chart all my SL for both area make sure to trade with SL the down move gonna be fast and maybe you will not able to enter the trade the best way to trade it to wait until you see the first move then you try to have entry on 5060% of reverse wave i...
This is why Im not jumping on the long side today just yet, another bull trap from the open. I want new lows to enter with longs, ideally we hit 3588 or at least low 3600. Maj closing support is at 3636-39 The buy is coming soon, waiting to press at lower levels
US500 - Intraday Expiry 9pm UK - We look to Sell at 3777 (stop at 3836) Sentiment remains negative despite the pull-back higher in prices. We are assessed to be in a corrective mode higher. Horizontal resistance is seen at 3800. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
Hey tradomanics, currently we see an inceberg-order and absorptionat the top of the day. As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here! Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to...
So close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long...
This update works only if we wont flash crash tomorrow from the open or even pre-market. Next week is a directional change week! If we hold 3636-40 on closing level it will be quite bullish imo. But I still think we will deep down to 3588SPX before it finds a good bottom. Timing is limited for Mon/Tuesday am only, so tomorrow's action is very important. I think...
Market participants are wondering right now if we are merely in a bear market rally or if this is the beginning of a new long-term bull run. I thought I would write a post to share my thoughts. First, the chart above: This is a weekly chart of the S&P 500 ETF (SPY) with Fibonacci levels applied. I drew Fibonacci levels from the January high to the June low to...
We are unveiling our finals paths based on the completion of waves 1 and 2 inside of our suspected final downturn for 2022. We believe we are in Sub-Millennial wave 1, Grand Supercycle wave 5, Supercycle wave 2, Cycle wave A, Primary wave 5, Intermediate wave 3, Minor wave 3, and believe we may have completed Minute wave 4 at the close on Friday. Our next steps...