This devastating bear market officially began 6 months ago back in January 2022 for the S&P 500, and it's far from over, with an official recession on the horizon, potential bankruptcies, a housing bubble that's about to pop, and potential war, there is a lot of fear in the economy & market, but could there actually be some similarities between the 07-09' crash to...
ES1! SPX500USD 2022 JUNE 13 Week Last week a long awaited breakdown followed after Scenario1 rotation, and market tested lower level at 4031 before heading south. Possible Scenarios are considered: 1) Short on retracement 2) Rotation 3 Test of T1 / T2, Reject and short Weekly: Ave vol, higher than previous bar's EwR bar closing at low = supply remains,...
Well we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54. Im seating on my hands and looking for 3885-89SPX to hit to go long. We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX 4215SPX will the be the main target on...
let's all just inflation and chill, --- if the bullish fractal fails to hold, here's the bear case. a move down to around 3700 before some kind of bottom is created. could happen right into opex next week. now i absolutely have my doubts about the bear case, given the amount of puts in the market, but anything is possible - so expect the unexpected. --- i...
US500 Intraday We look to Buy at 3940 (stop at 3885) We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. We look to buy dips. Our profit...
Im watching 2 numbers - 3980 and 3950SPX (there is 4008 as a smaller degree support, so far held AHs in futs) We should hold the am low and rally um into Monday high. 2 pathways: - either we get to test 4077 (after 4008 or 3980test in am) and decline lower into Monday to 3950 - or just blast up into the 13th high, can stretch to 4215SPX for a fake out move...
after a week of chop, mm decided to break it down and i absolutely don't blame them. lot of people thought it was a bull flag, myself included, so the market has humbled us this time around. --- we have 4h hidden bullish divergence, and our indicator is starting to print a significant buy signal, should be primed by tomorrow. cpi data tomorrow morning will be a...
Im long here, tight stop, next long will be at 77 and 62 respectively. The bulls are running out of time to push higher, the max Im expecting is 4215 or so test as a fakeout move and then a full retracement down to 3885. Hard market to trade, unless you trade the range, which is not easy as well. Probably will stay in one till the DEF meeting
Simple game plan, considering price action is narrowing down: Long Order: ✔️ Entry: 4090.00 ⛔ Stop: 4050.00 🤑 Profit: 4203.90 Alternative scenario would be for the price to rest on the lower trendline, slowly trending up until it does a sudden drop down. In order for the above mentioned setup to be valid, I would like to see a bounce off that level, not consolidation.
spy continues to move sideways, vix is crushing all short term plays for both bulls and bears. --- 3x witching coming up soon; lot of people are expecting something big to happen for this witching event, but i think we stay flat till then. few people are making money in this market these days, most are the option writers. --- i think spy could see a little pop...
US500 Intraday We look to Buy at 4050 (stop at 4004) We are trading at oversold extremes. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. We look to buy dips. Our profit targets will be 4180 and 4230 Resistance: 4105 / 4230 / 4370 Support: 3960 / 3780 / 3500 Please be...
So far so good from the other day update. We should test 4090SPX at the open with ideal test of 4077 and 4062SPX and hold today. Holding 4060-75SPX level will produce a good support for a move up to 4215-25SPX and ideally all the way to 4300. After the next high this week or early next, will set us up for a move down to 3885SPX test! Only after 3885SPX tested,...
This idea i posted in my channel on Friday, i Entered at 4098 and hit my TP2 at 4167. I believe we could find another entry around this region. Here is my analysis for S&P 500 SP:SPX I have marked out step by step how i have come to find a long position on S&P500 . Price has broken the previous LH and created a new HH which has BOS. There is a key level of...
good afternoon, after further observing price action today, i feel fairly confident that we will see one more leg up to around $4300. this leg will put in a 5th wave in the local impulse. (which for now will be labeled as wave A) --- price action is currently contracting within a triangle \ bull flag up here. sentiment is mixed, but the whole structure fits the...
Refer to my Nasdaq post for a comprehensive deep dive into what this structure is, and how you can decipher it using the simple guidelines (if that's something that interests you). --- to keep things simple; i'm expecting some kind of B wave to play out in the days ahead. it can take the shape of quite a few different patterns. could be a triangle: a...
Those gaps will be filled, Im looking for all the 3 below to fill sooner then later
SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300! Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high Buy zone for tomorrow with stops! -...
ES1! SPX500USD 2022 JUNE 06 Week Last week market rotated between 4071-4204. No resolution between Supply and Demand has been reached. Will wait for early week to see if any market direction will emerge from it. Possible Scenarios are considered: 1) Market rotates between 4204-4071 = wait 2) 4204 becomes support for long 3 4071 becomes resistance for...