Im looking for a low tomorrow at 4058-62 and ideally we stretch to 4012-4027.5 which I expect to hold. My timing is showing a low on the 3rd (if we wont reverse tomorrow), then high on the 5th or 8th and low into the mid month. That would mark the B wave and one more push into EOM, ideally we see 4330+
So far so good, needs a continuation tomorrow. Main supports are: - 4027.5 - 4010-12 - 3940-45 (must hold on any tests for continuation higher!)
SPX remains in a major downtrend. Speculative setup: -short entry at the strong weekly resistance -stop loss above the entry (increase stop loss if willing to risk more) - target at the previous weekly lows
Made this prediction based off the 2000 & 2007 bear markets. Hopefully things don't get this bad, but I think the market is due for at least a 50% correction from the top (4818). Doesn't help that the US ( & world) is dealing with war, COVID (& monkeypox), historic inflation, supply chain issues, monopolized oil market, a deteriorating housing market, two quarters...
Im slightly short as of Fri close, not planning to hold for long, looking at other day to get in with swings. Notes from the chart: 4308.5SPX is the main resistances now (must hold for continuation lower) Resistance - 4158.50, 4160.2, 4177.60, 4168.80 (Maj) SPX - Low target for tomorrow 4052, 4027 and Main support 4012SPX - Buy if seen in am, don't buy if we...
Right at the maj resistance now. Same as VIX at the support, SPX is at the do or die spot here Maj support is at 4050 now!
I did send this chart during the last trading hour yesterday to those who are on my email list. I have revised the bear channel and it fits much better with the current price action as well as the fibs. Im short here and looking to add if we see a double tap of a bit higher high, otherwise doing only day trading. Its a weekly and monthly closing day today, so...
He didnt gap down and gap up today, so no call for the full retracement off yesterday's low into Fri. The next targets are 4075 and 4090SPX I have some good confluence with the 4090SPX and as far it was so far away from a week ago, its getting close to it. Tomorrow is a double directional day, watching for the 4090 to be hit to mark the high. Also getting close...
I find the close not bullish, should of close on the highs for tomorrow's continuation. So if no gap up tomorrow above that channel, we should see a full retracement of day's day by Fri. Im out from my long term longs keeping only 1/4th running Enjoy your evening
So far so good with one more push. First targets is about to get hit: 4022, 4030-34 Next target and ideal is 4090! This could reverse tomorrow and erase all gains by Fri! So have to be careful here on the long side. Im out from 3/4 of my remain long term longs at 4021ES
Finally back to my desktop, can post wider charts. If H&S breaks here, target is my 3885+-
Im in transition for next 16 hours plus, wont be able to post or trade the open. Im seeing a small H&S pattern forming on smaller time frame. Should stay below or around 4k top for it to hold and then trigger. Looking for a low either on the 25th or 28th. Ideally we top tomorrow as time window suggests we will, or low tomorrow and high by Wednesday. Im expecting...
Nothing changed since my last update, we dont get much in declines, so the pressure is up. My timing for the high is 25th, ideally we gap and start the move down hard. 3880SPX is the main support now. If we get down to 3950 I will get my longs back on for a trip to 4030-40 and even 4075-90. There is a solid yellow trendline goes from 2009 lows and goes all the...
The S&P 500 broke out of its descending trendline on Tuesday and is bulling, here is why I'm playing this cautiously... It has a gap (red) that it is beginning to fill. It can easily fill the entire gap (into supply zone) and be in this bear flag territory. This could be a BIG BULL TRAP. Beware as we head into FOMC Fed Meeting next week. I would not swing long...
So far so good, the top should be hit any day. Looking to short from 3992 and then at 4015-30. I got some trapped short running from yesterday as well, was looking for a small pullback into the low 3900 and we got shy of my cover zone. Traveling is coming to an end next week, hate that type of mistakes
SPX500 - 22.07.2022 Start mega dump🩸🩸🩸 911/966/199/33 71/17 SIGMA ===============///////////////////
Copy pasting of what I sent last night to those who are on my email list: It seems the market is going to test 3965-80 zone after all. I was expecting it first part of July but it took time. So some "wave slapping": - My target is 4030, it can top at 4013-18 but it doesn't really matter - A wave (around 25-26th of Jul) - Down to higher lows into 37xx zone (with...