Looks how its holding the upper part of the cloud, I expect it to break at some point and get into the target box I wont be long if we hit my target by the close, especially the 4k region Im slightly long here, for the required target, will add if the price gets to 3950ES
Didnt see this yesterday, this makes today's rejection off the top a possible indicator of the price going down to test low 3900 Careful if long!
Nothing much to add since yesterday's updates. Im looking up for a breakdown trendline test. If its very bearish, then it can just get to 3965-70SPX and stop there. That would mean much lower levels are coming this month! Ideal pathway is to test 4k level and reverse down. That would be your shorting opportunity The whole move off CPI will be erased next! If...
So far so good from last night update. Just twitted, that Im not looking to short here, but looking for a long to buy! from lower levels. Unless the prices goes first to 3990-4k level, then I will short it there I have set a buy order at 3940ES, that would be 3932-34SPX. And if take I will add near 3900SPX. Its a full moon on the 8th, ideally we get a lower...
Rising Wedge, nearing 0.786 fib, major resistance nearby, low momentum above the 200 DMA and upcoming economic reports are all reasons i've been building up a short here on the S&P. Swing trading with a final target at 3400 over a several month timeframe, and a SL at 4160.
SPXUSD daily guidance is cautiously bullish. Recommended ratio: 65% SPX, 35% Cash . * US EMPLOYMENT SITUATION WATCH . If Unemployment reports higher tomorrow (which with the amount of layoffs in corporate USA these days would be reasonable), this would signal that the FOMC's monetary policy is becoming increasingly effective and they will likely go ahead with...
Now the next target is the ideal extension target 4119+- few points Ideally we get that number tested by the 5th and see 3750 filled EOM It was a panic cycle day and I did mention about it many times in my posts. One was done during my last night update together with the explanation. We got that a move in one direction above previous high or low, it was up the...
If the price will gap down from the open, I expect the price to hit low 39 hundred. The a rally into the FED speech, where more volatility is expected. All day today the price stopped at 10EMA on 1h, not a bullish sign Its a panic cycle day, a move, explanation below: - Given their abrupt or dramatic nature, panic cycles do not necessarily reflect changes in...
I dont see the FED to pivot any time soon. It can be another Jackson Hall event which will start a new directional move. My ideal pathway is the low around Dec OPEX and high early Jan (might be the 200MA test) Must hold numbers on closing level for tomorrow are: - 3944.50-45 - 3906.50 Both are maj support zones. Second number fits the best with other trendlines...
SPX has to hold 65 level here. Below we will see the target outlined in my last night update The trend is down, its been all year! Ideally we spike up tomorrow and sell hard on the 30th
There is a potential H&S on longer time frame I mentioned before, noted on this chart as well Must hold support for the next week is at 3898-3920SPX. Has to hold on any test, otherwise the price will revisit the Oct 13th gap very quickly My ideal pathway is bottom on the 1st (I still see month of Nov close red at least compare to the previous month) and bounce...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * CRITICAL RESISTANCE WATCH . US Equity Futures are starting the week down as Cryptos are attempting to finish the week up (barely). Markets are apparently getting spooked by the unrest in China and how it may affect demand if the CCP is to enforce stricter lockdowns...
📈Trade Idea📉 🟡 #S&P500 Index 4H ✍️We can have two trading scenarios for this index. Considering that S&P is in the Equilibrium range, it can move as a continuation movement (CP) to the supply ranges in the chart (Premium), of course, with the condition of penetrating and closing a four-hour high candlestick (PDH-PWH). In this case, consider two scenarios for...
Watching 4010.50SPX on closing level, if above its a bullish sign for a move to final target at 4068SPX Tweeted my entries after the FED minutes release,, now flat Im on the sidelines for now, waiting for the close.
Potential for massive SPX dump over the course of the next 1-2 months w/ macro continuing to look bleak.
SPX gaped up in am and retested the broken trendline from the top, a perfect long for those who traded my call from last night. I did warn that this can test 4007SPX, its getting close to it. Did few long trades in am, not touching this till tomorrow. FED should be a perfect catalysis for the top. If the price will hold 3946-49SPX tomorrow instead of making a...
I really like what I see here: - Longer term broken to the upside downtrend line test from the top 3744-50SPX - As well as the gap to close from CPI numbers 3748.85SPX All comes to Dec 1st. Number to watch for tomorrow is 4010.50SPX on closing level. - If the price gets to 4007SPX I will short with a 10+ points stop Maj support is at 3744SPX on closing...
Longer term its in bear market. Short term mid range, hard to make a good reading for either up or down move. My best guess we will see 4k and go down to 3875 if not 3750. One thing to note/repeat is EOM will be very strong in selling, at least thats how I see it, and the bottom wont come till the 1st of Dec. My pathway is lower into 22-24th, up into the Cyber...