weekly key reversal bar made a new high closed of the low indication for weakness ahead. wait for retracement for short. supply zone 4275 & 4320. stop loss few pips above key reversal bar i.e 4340, target 4120.
If 198 days is the approximately length of Cycle Wave A (as is the current expectation), the following timelines could be true:
Supercycle 2 could be ~ 813 days (final bottom is March 2025)
A is ~ 25% of the overall wave it resides
Cycle A would be ~ 198 days
INSIDE CYCLE WAVE A
1 is ~20% of the overall wave it resides:
This would make Primary 1 ~ 40 days
...
Im looking for a test of 4200 to buy or short below 4267.50SPX at the close.
VIX is out of its wedge and Monday can be a good gap down again if we close below 4200
Very important level is 4267.50 on the closing level today!
SPX flagging, there is a good setup for a good size gap down tomorrow.
Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern)
If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close.
If this is what will play out, then we...
Quick update.
The price needs to gap down tomorrow below 4255-57 to confirm the top being in place.
Usually this type of the move trap bulls for long, so as long as we gap down hard tomorrow, I can mark the top being in.
There is still a room to squeeze to 4330-34, but Im not really playing it unless I see a good setup.
If we gap up tomorrow, will have to...
Hello everyone,
We have a very clear 3 wave structure here that has extended the 3rd over the 1.618% fib extension after breaking up from the ending diagonal in the intermediate 4th wave position. I wouldn't expect SP500 to fill the 3,800 or 3,600 gap anytime soon guys. So I think 4,000 or maybe , possibly over shot 3,900 worst case IMO. The 1 fib level will...
SPX needs to break 4245 to be bearish on this move, otherwise still in the trend channel.
Watching 4248-52 level, can be a good r/r long there at least for a bounce with a stop below 45
The chart shows a clear resistance with declining volume.
Closing position, till next breakout.
Be wise, don´t work for the money, make them work for you.
Expected a high being hit today, we got it. Expected a close below 4308.5SPX, we got it. Expected a red close, got it only on NASDAQ and Small Caps.
As long as we stay below 4340SPX we should see lower is my next expectation.
VIX (see my update earlier) has a clear ISH pattern.
Main support is 4177SPX
Tomorrow must watch numbers are
- 4285 and especially 75,...
Ideal target has been met!
Watch to close below 4308.50, ideally we close red, tomorrow will be a bigger sell off with the bounce on the 18th.
The target zone is at 4300-33, it can stretch into 20s, I will short it there, or short if we close below 4308.50
Timing should be right as per my last night update.
I will post a zoomed out chart after the close with...
SPX coming to the top resistance where it previously got rejected (2x).
Also looking at a similar fractal, as well as de MACD showing similar movement.
Price is either gonna go bullish here and breakout, or we're gonna see a big downwards move..
What do you think?
Its a turning day tomorrow, the 16th, expect it to be an intraday or a closing high.
Super close to the Gap Fill at 4300.16 and my main target/resisatnce at 4308.50. Had that number since Jun, didnt expect it to get hit mid of Aug but EOM or first days of Sep.
Timing for the low is on Aug 26th and I expect 4010-30 to hold! Might get to 4050-60SPX only, will...
After news, the dollar fell sharply, which had a significant impact on price increase. Traders are very interested buy, price has strongly broken of key zones, looks likely to up 4350 or 4470.
Nothing much to add since my most recent updates.
The price is in the target zone I had for a while now. Was expecting a good size pullback, never happened.
Im still in some trapped ES short, as well as RTY from Fri close and some SPY puts.
We got right into the Yellow dotted line I had for months now, its the main resistance line and right in our 4308SPX target...
...is highly unlikely.
The chart above shows the entire price history of the S&P 500. Each candle is a 6-month period. The channel that you see is a regression channel. It shows how far above or below the mean the stock market is at a given time.
At the close of 2021, the stock market hit the 2-sigma deviation from the mean. This is about as over-extended as...
The S&P500 Index made a massive recovery over the last week and for that reason most traders are bullish bias, we however have reason to belive that it may be time to short the S&P500.We have a complete bearish gartley that has its point D resting on our resistance, this gives us a strong bearish signal confirming our Bearish Gartley harmonic pattern. We will now...
Nothing much I can add, but few things:
Lots of evidence of the market hitting the ceiling
- SPX is at 61.8 fib retracement, very important to watch
- Added a trendline off Feb 2020 and Sep 2020 highs, we are right at the resistance zone.
- Main target (4308-30) is getting close to hit with no 4th wave pullback but relentless grind in a C wave up.
- Weekly...
Prime Setup,
Break of Structure, Break of Structure, Break of Structure,
Same stuff, just a different day, heading into a HUGE Price Block,
Taking to next demand zone, anything in the below box to target is VALID,
Good Luck and Happy Sniping
