Hello there all, Here's the SPX analysis outlook potential direction. Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis. Please do drop the chart link below in the comment section. This is not financial a advice. 🙂 Thanks all.
Seems like the perfect time to fill the gap down to 3790 retest the breakout of the leading diagonal and confirm wave 2 is what we want to see. Pelosi in Taiwan today and China about to fail to start WW3 IMHO. ;)
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+
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...
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...
SPX closed at $3998.95 (Almost $4000) today. Expecting a higher close point between $4010-4038. Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend. Red -- drop back into the consolidation area for more wave. -- News -- in next 10-days Xi & Biden will have a meeting...
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...
-currently forming a bearish rising wedge -lower highs in supply zone from 385-393 - ultimately bearish since FOMC is 7/26-7/27 and J. Powell was considering another 75 BPS hike -looking for a reject at 385 to then come down to retest 373 again -crossover of the 20/50 SMA at 10:30 July 14-15 on the 4HR chart IF SPY pushes above trailing resistance line from...
This is a quick update with levels of importance. I will update in more detail those who are on my email list, cant do it all. So I think we will see a really this week and I have 2 targets - 3880 and 3960-90SPX Both are good for the lower lows to come sometime mid of the month, ideal bottom target is July 14-18th. The top in 3960-90 zone actually better fit...
Im back from my little trip. So far so good since my last update, we are going to test 3760 and ideally 35 today/tomorrow and then a run back to 4017-20 by the 4th-6th. There is a chance we see 3500 sooner then later, so have to be very careful in sizing on any trade. Im going to buy longs today starting from 3780 and 60 will add if we see 35
ES is at Bull/Bear line, hit 110 MA and 50% retracement. A real test of who is in charge is right here. As well as ABC move up with perfect 100% extension hit on the SPX close. Jumping over the 110MA and test from the above will be a good sign of continuation of this move. There is also a possible fakeout to watch. A perfect place for a pause of this move up...
This analysis is for 1h so it's very dangerous. Median is good for buy. Target : 🎯 3779.16 Stop Loss Level : 🛑 3753.95 Not Financial Advice.
Two periods can be observed on the RSI for SPX on this 3Monthly chart A downward trend which correlates with a sideways move on the relative timeframe And a small uptrend that correlates with sharper growth on the SPX, these begin within the green circle These green circles show very comparative structures, however one is during an up period, while the current one...
My weekend update is a day early, I will update those who are on my list with a bit more details on shorter time frame view tomorrow. We are in a bear market and those 5500 callers got destroyed all the way down calling every bottom from Jan. This is my long term view and I think we have bottomed here today or super close to it! I got targets for the potential...
SPX went down on fundamentals and made a huge gap. It will probably try to fill the gap on Monday. The 4000 level is a great level to take short trades. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
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...
SP:SPX is rallying from the low which completed the ABCD down. Now im looking for one more rally into 4230-4250 before we get another correction down followed by another rally into 4400-4450. For this to be correct we need the completion of the 5 waves up, then that will be the start of either a move to all time highs or the start of an ABCD correction to set...
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