This is how I see the whole move developing into end of Q1 of the next year. I do expect we will bottom on Mar/Apr (May if stretched) 2023 and then rally up into a bigger B wave up. There is a chance that we will see 1550-1750SPX as well as 4300-4500 within next 10 years, doubt we see new highs till after 2032 Please note Im not a Nostradamus or a person who...
Ideal target if the re-test of a broken flag holds 3798SPX is what Im watching on closing level. Daily chart is setting up for a squeeze to 3900+ So lets see what the close number brings
SPXUSD daily guidance is cautiously bullish. Recommended ratio: 70% SPX, 30% Cash. *Equity Futures are up to start the week and Cryptos are currently seeing some Sunday Scaries, this particular combination typically bodes well for the Equity bulls in Monday's trading session. DXY is up and US Treasuries are down. Today Russia accused Ukraine of planning to...
Happy Sunday everyone Here is a 4h chart. We are getting close to the breakout point, has to hold at that upper trendline Main resistance is at 3775SPX, dont rule out a fakeout into 3800 to finish up C wave up. - If breakout happens, will be watching for the test of the breakout trenline from the bottom and if broken out from the top. - Will do a long trade on...
No follow through today, really in a no mans land. A bull flag is a worry for the bears and the H&S (which is quite big) is a worry for the bulls. Peak your side:) Wont rule out a move to 3770-80SPX to have everyone believe that we have broken the bull flag to the upside, then we finally reverse and re-visit Oct 2nd low at min Im seating out and waiting for a...
The S&P500 index (SPX) has been trading within a Bearish Megaphone pattern through this Bear Cycle of 2022. Since August 31, despite having the candle action on Lower Lows, the RSI on the 4H time-frame has been on Higher Lows, i.e. flashing a Bullish Divergence. The only other time that this took place within this Bear Cycle was early on from January 21 to...
Small disclaimer: - Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame! - When we are out of the crash window, I will reduce this possibility to bare minimum! For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below...
SPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * On Saturday, the Chinese Foreign Ministry urged Chinese citizens still living and working in Ukraine to evacuate as soon as possible . In what Russia claims to a be a response to "acts of terrorism" on Russian people after the Crimean bridge bombing, Russia has now...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * SHORT SQUEEZE WATCH . US September CPI came in 0.4% higher than in August compared to a 0.1% increase from July to August , and CPI without Food + Energy came in 0.6% higher, signifying that the decrease in fuel prices wasn't enough to slow inflation. This leaves...
Check out how the daily Pivots aligning!!! I expect S2 to hit if it break this week! - 3228SPX, my target was 3212, close enough Ideally we hit S3 on this one! - is at low 2800!!! Perfect storm is getting ready! If we rally tomorrow, I will short EOD close and add on Wednesday Dont tell me that i didnt warn about this possibility of much much lower levels to...
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...
The price is finally giving up, recent history is showing that the rallies are lasting 2 days, will it repeat today and we close red, we will see. Numbers of importance for today: Support: - 3749 (on closing level) - 3712.40 - 3680-88SPX (Again this number as an important) support, now becomes an ideal target) - 3640.50 is a final must hold on any close today and...
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
15min is diverging down, watch for 3731-32 print (I have few to short there), we came close enough though. That resistance line above it what must hold on any test, it will be quite bearish if it does today/tomorrow. Needs a gap up to confirm the low is in. I have trimmed my longs and entered with SPY Oct exp 351P, also have order to short at numbers mentioned...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * BOUNCE WATCH . Chicago Fed President Charles Evans mentioned yesterday that FFR will likely top out around March of 2023 . DXY, US Treasuries and VIX are finally down today while Equities, Futures, Commodities, Cryptos, EURUSD and GBPUSD are all up. I think it's...
So close to new lows. DOW already made one last Fri. SPX to make today or tomorrow imo. Too many stops below that low Jun low, Im sure algos will shave those, before turn. Fear and Greed is at Extreme fear levels, VIX is above 31-32, perfect bottoming indicators to me Below the support line (3662-58) we will see 3636-20 and my ideal target 3588 Im not going long...
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 20% SPX, 80% Cash. * BOUNCE WATCH . Equity Indexes and Equity Futures are down, as are Commodities, GBPUSD and EURUSD... meanwhile DXY, US Treasuries, VIX and Cryptos are up. Interestingly, Cryptos have been defiant recently in the sense that they have held key supports in what can be seen as an...
We got my green open but it didnt really continue, I did few longs, still have one running in case its bottoming here But wont be surprised of bigger down days to come, 27th should mark some sort of a low in turn around Tuesday. I think we hit 3680 at min, be careful on the long side. The price is so weak cant even bounce much, means consolidation for lower...