Here are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...)
We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending...
I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
S&P has hit below its 50 year mean average meaning investors and institutional buyers are going to be delighted to get back into S&P, we're waiting for a higher low to present itself before buying into S&P, Volume flow on the weekly chart has crossed 0 and we're expecting this to now hold above it, Squeeze indicates it is dying out for sells, exciting times ahead...
Are we in a bull market correction? Or is this it & the big Crash is finally here? Have the chickens finally come home to roost?
What my video and comment below let me know what you think.
Would like to see the 618% fib retracment level around 4350 get tested. This should hold for W2 as we continue higher into W3. Levels marked off in a minor trend as I expect this to take a few months 6 plus.
Hey traders, in today's trading session we are monitoring US500 for a buying opportunity around 4220 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
On the Weekly chart it can be seen that the wedge pattern is respected with three down waves
The same pattern arose on the Monthly timeframe, yet a third wave is absent, and bullish continuation was the result
Thoughts?
Asset & equity valuations are elevated across the board given unfettered QE. Loose monetary policy and a dovish Fed are no longer sustainable in the face of rising inflation at levels not seen since the late 1970's.
Major SPX retracement levels since 2020:
1. dot.com bubble realized >50% retracement
2. 2008 housing bubble realized >57% retracement
3. 2020...
Key highlights:
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion : Expecting a relief rally in the coming week.
Disclaimer...
I could not find a set-up for both indicators ? for tops they both can stay up their hitting the Roof for months !!! .
it is like a dog chasing his tail !!! literally . For bottoms William is much better in searching for one. but, as usual
it gives quite early signal !!! which make it risky if used alone and quite frankly you could get caught in the middle or...
$SPX hit a rejection at the 0.702 retracement fib 4745 and potential could be in an ABC correction that could be the start of a larger selloff down to 4400 eventually. $SPX is now currently battling the 4645 area, a break above 4650 should take it to 4700 next where it’ll face resistance and likely resume a downward trend. $SPX breaking above 4745 will invalidated...
I believe that there are so many ways to view any one pair. Here is another viewpoint/perspective on spx500 aka #bae lol. Instructions on screen. feedback welcome.
SPX500 narrowly missed my 1.618 W3 TP by 60 base appoints or there about, then began what we are now currently in and I am calling W4 and expect another ABC correction here to lead us into W5 which can break above 5,000 EOY
This month seems another month of H.V . Also, it seems we can not go sideways either up or down 60 - 40 favoring down side .
Another observation is that more than 15 % we get a trap just around the first 1-9 days +- .
BE SMART NEXT SERVRAL DAYS !? BE NIMBLE ! LOSING AN OPORTUNITY, IS BETTER THAN LOSING CASH :-)
wish you all the best.
