a larger than expected gap up this morning with no fundamental change to remove the underlying bearish atmosphere.
was this gap up the last opportunity to go short ahead of the fed meeting tomorrow?
or is this simply retail traders eagerly investing extra funds they were saving to pay off their loans, despite market circumstances?
please leave a comment,...
Morning, quick update here
Lets see if we close below 4145 again, then we are going down into the 29th low
I have a main resistance to hit at 4166+-, above it it can stretch to 4175-76, should hold the night highs today and make a lower high during the regular hours imo
Im going to short 4166 and 4175-76 with a stop
Im currently long ES from 4148, tight stop there
Posted my other working chart instead of this one.
Again very important to watch 22-23rd highs being taken or making lower highs.
Today's level of importance is 4145SPX, closing above will press higher tomorrow, below not good for the bullz
On the road all day, will not post till late night
Very important POC (Point of Control) leve (the orange) here for #ES, we got the top idea correct now we are looking for some kind of bounce before we get more downside basically
Happy Tuesday, Happy PMI Day,
If you fib 10 DMA & 100 DMA, SPX is standing right in the middle. This is the moment of making up the mind.
Bulls want to push it above 4175-200 and bears want to continue below 4135-100
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 4 145, 155, 170
Reversal: 4 140, 122, 100, 085,...
Watch 4135.30SPX number, closing below will flush tomorrow and vice versa!
1h is showing a positive divergence when 15min is actually setting up for a flush, RSI is below 50, MACD below 0.
It should give one way or another!
Very interesting thing is this, next stop is at 4069-80 and nothing till 3951!
On the upside must close above 4140.20 for a push...
SPX500USD - Intraday - We look to Buy at 4083 (stop at 4018)
Daily signals for sentiment are at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Further upside is expected although we prefer to buy into dips close to the 4080 level. Risk/Reward would be poor to call a buy from current levels.
Our profit targets...
AMEX:SPY
Possible Scenario: SHORT
Evidence:
1- Rising wedge
2- Bearish divergence on (Price | Volume)
3- oversold RSI
4- Bearish money-flow
Price Targets: TP1:400, TP2: 385$, TP3: 375$
Time Estimation: less than a month
*This is my idea and could be wrong 100%
Hello, Friends!
SPX500USD is trading In way
That I predicted previously
And now the pair is retesting
A hidden bank’s level
So I think a bearish move will follow!
SELL!
✅LIKE AND COMMENT MY IDEAS✅
If you just take into consideration, that so far entire #cryptocurrencies #ecosystem grew up in global #hossa and that #hossa has ended and #global #market is going into #recession, what could this mean to e.g. #BTCUSD ?
During each previous recession (dotcom bubble in 2001, global recession in 2008, etc.) #SPX500 fell down >50%.
We should take into...
ES1! SPX500USD 2022 AUG 22 Week
Previous supply returned for short opportunity.
Possible Scenarios are considered:
1) Long if 4704 is supported
2) Short on low vol retracement / channel
support becomes resistance
Weekly: Ave vol down bar = minor strength
Daily: Ave vol down bar close off low = minor weakness
H4: High vol down bar close off low = some...
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!
SPX500USD - Intraday - We look to Sell at 4274 (stop at 4322)
A bearish Head and Shoulders is forming. This is negative for sentiment and the downtrend has potential to return. There is scope for mild buying at the open but gains should be limited. Resistance is located at 4280 and should cap gains to this area.
Our profit targets will be 4161 and 4120
...
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
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...
We are in a bear market, and the upwards corrections are often very aggressive. We have seen massive up move from 3750ish towards 4100, showing exactly that.
We see market taking a breath now, but earlier SPX broke out of the falling channel and - as indicated by the green boxes - buyers are in control and they aren't tired yet.
RSI is clearly trending up but not...
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...
