The S&P500 index (SPX) hit again the bottom (Higher Lows trend-line) of the October Channel Up following two straight rejections on its 4H MA50 (blue trend-line). This completes a 2-week fall following the 1W MA50 (red trend-line) rejection. Even though it appears to be staging a small rebound early today, so far it remains even below the 1D MA50 (green...
The S&P500 index (SPX) is rebounding since yesterday after the 7 day fall followng the 1W MA50 (red trend-line) rejection. Even though it rebounded near the bottom of the October Channel Up, so far it remains below the 1D MA50 (green trend-line), the 4H MA200 (orange trend-line) as well as the 4H MA50 (blue trend-line). Based on the 4H MACD, it appears that S&P...
Look where we closed today, exactly on the support trendline The CPI gap open is at 3865, opening below tomorrow will flush in am down to 3808. Holding here can spike up the price for a gap up open. Thats is why I have no strong conviction on tomorrow's open and direction, like I had on yesterday's close. So I will leave it for the night monkey's do...
I was sleeping in today after my BD celebration yesterday and what a present I got:) The only issue is I didnt short 2am last night as was looking to do it and tweeted about it! Good I got some of those lotto puts (tweeted yesterday as well) We got a gap down I was looking for, hope people are not trapped long since yesterday as I warned so many times as well as...
SPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * The FOMC announced a 50bps rate hike today and adjusted their Dot Plot to reflect a 5.1% FFR in 2023 . Markets rallied prior to the announcement and then fell shortly after, though this could have been a short-squeeze, Equity and Crypto markets could see more...
This is the best I can come up with today. i didnt do much research today. Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking. Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking. Thats my plan for...
Well who would of know about gap and crap? My yesterday post had it all covered. The magnitude of a gap up I had no idea about and it came quite strong, but still made a lower higher into that Yellow resistance line That Yellow line comes from Feb 2020 high, so its a very important resistance. I have taken several trades on the open, sold calls and bought puts,...
Trade Idea: Buying SPXUSD Reasoning: Crazy move higher on a weaker CPI number? Market expects 7.3%. JPMorgan suggesting a move of <6.9% could see stocks rally by 8-10%?" Entry Level: 3993 Take Profit Level: 4398 Stop Loss: 3907 Risk/Reward: 4.6:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains...
This is my second try, there was an issue with posting, it reset the whole post back to empty. All what Im thinking is that there is a possibility of the opposite Oct 13th move. In this case it can be a gap up and crap all the way into the Fed on Wednesday. I still cant get 3748 gap to get out from my mind and still believe it will get hit this month at...
SPX is in triangle, closing below Fri close will be a huge tell going into tomorrow. I will be watching the option flow at the end of the day. I did short NQ before the open and covered half after the open, rest got stopped on afternoon spike.
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * US November PPI came in at 0.3%, a bit higher than the consensus estimate of 0.2% after rising 0.2% in October . This sent Risk-On markets lower as fears of another 75bps rate hike returned to the table. One good thing about November's PPI is that it increased 7.4% from last...
●● Preferred count ● S&P 500 - U.S. (^SPX),🕐TF: 60D Fig.1 The current count of long-term waves is already two years old. How much more is allotted to the wave V of (III) no one will tell you. All we are capable of is tracking the shape and structure of the wave, which should manifest itself in the form of a five-wave motive...
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
Ideal pathway for tomorrow is either gap down or sell after the open to mark new lows in low 3900SPX (3896-3908), then a strong reversal into Fri open Im watching two levels for tomorrow on the upside: - 3965-70SPX - 4000SPX Holding 4k will be important, as it will be a text book test of the broken down bull trend to confirm that the price has marked the top and...
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...
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . It's volatile week with investors preparing for another FFR hike (12/14) that is widely expected to be 50bps (with a chance at 75bps) as China continues to formally lax their Covid-Zero restrictions in major cities like Beijing where people with a negative PCR...
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...