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...
SPX500 is trading along The rising support line and Is about to retest the support So I am bullish biased and I think We will see a bullish rebound
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...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. **Happy Thanksgiving. Thank you for reading, I hope I've helped you navigate the markets in 2022. Through helping you, it has helped me develop a better understanding of what moves markets and I'm grateful.** *Tomorrow is a short day for trading with US stock...
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.
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...
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...
So far its a text book 1-2 setup to the downside. 2 targets are on the chart with the red arrows there pointing to each target I did few longs today and now positioning myself short Ideally the price sell into the close and we see lower next week for a 22-23rd low Have a great weekend and dont over trade during the Fri OPEX fckery
I have marked resistance to take and support to break. Did a quick long from 3972.5 long and already out at 3983.50. I will jump on a wagon if it break either side, so far no mans land, need to see the real move here. My thinking is that we get a fakeout in am and sell off into 3900. But I will be looking at the resistance test (if it breaks) and will do a long...
Needs to break 3950-52SPX to continue lower. In triangle now, below maj resistance trendline. Looking to buy 3907-13 for a bounce back to 3950-55 level, otherwise holding my swing short Topping is a process...
SPX outside reversal, evening star on the daily The close is below highs from last few days, bearish close. Tomorrow is a panic cycle day on SPX and Dow has one on Thursday. If there is a strong sell tomorrow, it will last at least 2 days and wont be one day event. Remember this if will try to catch the knife, IF we get a good sell tomorrow Im short
My weekend update was banned as noted other place, Im re-posting now: I have cycles top on Tuesday and choppy period into 22nd low The way I see here is that the price is about to finish the wave 2 and 3rd wave will bring the price down into third week of Dec. Dont see and Santa Rally this year, it should be a Santa Crappy. Nov month should be lowest monthly...
Interesting how those Bollinger bands expanded and moved against each other. Last time I saw this, it didnt held up for long. I wont short this till tomorrow, I want VIX close below the lower Bollinger band and SPX above for a sell signal. Its over 3933SPX now, should push to 3959-60SPX and if taken, we will see 4010-20SPX I mentioned last night
SPX must close above 3907 today to confirm the breakout! Bounced off resistance on this move, super extended and overbought now. Resistance is at 3933SPX, broken trend channel test from the bottom I have trimmed my longs (from yesterday's 3755-60ES entry) before the CPI, oh well, cant win them all. SPX is still in its opening channel Tomorrow is a directional...