Sometime things are super simple! This low wont be even lower then 2020 lows! I did expect the 2020 lows to be re-visited since Jan-Feb of this year! Well its coming imo Will it be Oct-Nov low or extend into 2023 Mar/Apr low, I dont know. I would like to see that low to be seen in Nov and Q1 next year to be a higher low. Then we rally so hard into...
Is anyone a candle pro? Usually it gets resolved in a direction its started, the first candle. How it has to close tomorrow to be a valid pattern? Please post below
If and when it falls, the target will be much lower from where we are now. Todays rally, can very well extend into tomorrow and hit the upper part of this chart 3730 So far its a perfect trap imo. This month will be crazy volatile!
Hi everyone, Im on vacation from Sunday to next Sunday, but I will be trading and will be still posting updates. I dont want to call for a crash here, chances for it are super slim. Any trade must be protected with a stop and only you as a trader can make the decisions on what to do with the information you're getting. Must do is your own homework! Again do not...
The U.S. CPI came in higher than expected at 8.2% against a 8.1% forecast but lower than the previous month (8.3%). It remains to be seen how the market will react to that. Technically though, the bearish leg of S&P500 (SPX) since the August 16 Lower High within this 2022 Bearish Megaphone, is close to completing the exact same pattern of the previous two bearish...
This is what I see, a formation of H&S This still can test 3545-55SPX level before reversal. So careful with sizing here 3610SPX is still maj bull/bear number on the closing level for today. Im long into CPI, will re assess before the numbers
Morning everyone, Im sharing my last night work with you here. This was sent out to those who are on my email list. It was a long update, I will copy paste only important stuff here: I think we get Jun low to Aug high type of move but much faster. Looking at the zoomed in chart (4h white background chart) - You can see that I expect to have a deep pullback into...
Still think we hit 3830-50SPX at min. Next pullback will be a telling story if we can get to 39 handle or not. Main support is at 3715 now and one more at 3735SPX
The price gaped above the main resistance line, there is noting much but air above. Main target is 3850 now, while first resistance is at 3788-90SPX Any pullbacks should be bought imo, especially 3735-15 Level of importance is 3715 on closing level, must hold on any closing to continue higher
The S&P500 (SPX) index broke above its 4H MA50 (blue trend-line), which as we mentioned on our previous analysis, it was the bullish break-out signal. In fact the current post is an update to the post Rate Hike analysis made on September 22: The pattern remains the same and so does the current price action that appears to be replicating the late August -...
I really want to see 3675SPX tested and then a move above it after a retracement. The down trend channel is important here, so all eyes on 3675SPX! Im out from my Fri longs at 3645, will re-enter Also closed my SPY 346 calls at BE, very happy with not loosing there:) Please note, all the purple lines are the unfilled gaps! P.S. Dont forget to like (click...
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The S&P500 index (SPX) dipped aggressively following yesterday's Fed Rate Decision, which was a natural reaction to the third straight 0.75% rate hike. The first one was made on Jun 15 2022 (rate gone from 1.00% up to 1.75%) and the second on July 27 2022 (rate gone from 1.75% to 2.50%). In both cases the market reacted positively by the following day, despite...
A slightly lower into my 3802-17 level will be a perfect hit of the lower trend channel. NQ already broke its on to the downside! Important to note A right shoulder fake rally will be perfect before it really drops into Oct/Nov lows Also dont be surprised if it breaks, then look for the retest of the broken trend channel from below P.S. Dont forget to like...
I missed am short, now waiting for 3802-17 to go long. Wont rule out a move down to 3750 tomorrow before FOMC The way I see it is that we will bottom today tomorrow and rally back to 3880+ after the FOMC decision, then completely erase the move by Fri. Should bottom on the 17th and rally up into EOM early Oct, then continue lower Dont try to trade this, very...
I was busy all weekend, this update will be quick. Still seeing this as a bear market, well it is for the past 9 months wasnt it. The main trend is still down! Please note those purple lines are the unfilled gaps, will be gone each time the price will fill those, otherwise act as magnet to fill, depends on the trend Looking at the price action, I can see 1-2,...
The S&P500 index (SPX) got sold off aggressively on Monday after a worse than expected CPI report. The price action since the August 16 High appears to be repeating the trading sequence of last May. As you see it seems to be a W structure that pivots off Symmetrical Support and Resistance levels, at least so far. If completed that means that the price should...
In my yesterday analysis, I said that SP500 is facing a very strong sell zone above 4.1k and a drop is possible from now on. CPI data triggered this drop and the index fell hard putting in an immense bearish engulfing on our daily chart. I expect a resumption of the trend that started at the beginning of the year and is very possible for SP to visit the...