As you can see here on the hourly timeframe we have formed some trend lines. I feel like we will open up tomorrow red and then if we can close above the top trend line above vwap and with good volume on the 5 minute chart I feel as though we can get a nice pop. Be careful tomorrow is a FED meeting!
Remember when i said i was buying calls from $422-$417 and expecting at least a bounce back to $429? Trading options on the daily/weekly has been wonderful with this T/A lately. Now if we can just open lower tomorrow and keep the momentum of Wins going. We began buying PUTS today at the $436 line given. Honestly most of them we worth closing (and did) by...
Intra day does not mean that you will get trades today. I will trade only what candles are telling me to do. Observe the levels and trade as per your risk tolerance. NOTE: WAIT FOR PRICE TO COEM TO YOUR LEVELS
CBOE:SPX chart is quite INTERESTING. We can see the obvious short term downtrend. We're currently at the bottom part of the GAP. Volume has been a lil lighter, holiday is likely the reason. RSI broke the downtrend it was in Maintained the longer term 2022 low up trend. Can AMEX:SPY reach the top part of the current downtrend? AMEX:SPXS AMEX:SPXL...
Expired SPY Weekly outlook. 2nd WK OCT 2023 > NEUTRAL 📊 CORRECT Closed Price: 429.54 Target Price: 428.42 | Strike Price: 427.36 OCT9 Upper Range: 445.03 Lower Range: 411.81
S&P 500 INDEX MODEL TRADING PLANS for TUE. 10/10 Geopolitical risks, high interest rates, sticky inflation, early signs of consumers beginning to scale back (per Walmart's CEO)...yet, retail bullish positioning has increased last week. Is this Fools rushing in where Angels fear to tread or retail investors having some crystal ball into the future that...
Last seen similar upside indication in July and Aug. Hoping some more way to go uowards
Recap Friday was a significant day for the ES, with it reclaiming its core bull market rising trendline from the October 2022 lows at ~4310. This week began with a significant gap down due to weekend headline catalyst out of the middle east. However, the action at the open demonstrated just how powerful simple technicals remain even in the face of geopolitical...
This is my analysis for SPY . Try to understand the logics and try not to push trades on you. NOTE:TRADE OTHER STOCKS LOOKING AT SPY
Let's be honest. SPX is in an uptrend now. The price has been creating higher lows and higher highs. The downsloping trendline which was acting as a strong resistance in March 2023 was retested and confirmed as a support. Since then the price has been in the uptrend and in our opinion we are at the early stage of the new BULL MARKET. Yes, you hear it right: BULL...
In my previous update I discussed that SP:SPX has lost a key support level in the orange support zone. SP:SPX was sitting under resistance as investors waited for Friday jobs data. The strong jobs data led to a spike back up and SP:SPX has successfully regained support at this orange zone again. My current price target for SP:SPX is the yellow resistance...
TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!! DJ:DJI has not traded above and neither has the $SPX. In this chart we see the SP:SPX illustrating the resemblance to 2022. We've been showing this chart for some time now. It's amazing how similar they are trading. AMEX:TYD is running today (leveraged bonds ETF)...
S&P 500 INDEX MODEL TRADING PLANS for MON. 10/09 The geopolitical tensions with the attacks on Israel could be the main drivers of the market today and for the rest of the week. As we published in our trading plans on Thu. 10/05: "With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and...
Recap Last Friday, we witnessed a bullish breakout in ES. The movement was anticipated and played out well, running over 100 points from the day's low right to the final target of 4348 and beyond. The ES reclaimed its core bull market trendline from October 2022, which was necessary to set a low. The Markets Overnight 🌏 Asia: Mixed 🌍 Europe: Down 🌎 US Index...
Practicing my crayons skills... Don't judge :) Fixed range VP setup near breakout zones Things of interest - Previous dips chopped before the next leg up - Currently just outside high volume zones. Low vol = consolidation potential? - Holding, so far, previous resistance zone - Sideways moves could give time for breadth to improve - Oil appears to be going up...
In the previous article about SPX, we discussed how the market conditions were changing and that a prolonged period of selling could be upon us (just like in 2022). Then, on Friday, we articulated our worries that the market was reaching oversold territory in the short term, making a case for a brief rebound (up to Resistance 1 and potentially slightly below...
SPY Weekly outlook. 2nd WK OCT 2023 > NEUTRAL 📊 Closed Price: 429.54 Target Price: 428.42 Upper Range: 445.03 Lower Range: 411.81
10/9 Weekly Plan. ES Futures December ESZ2023. Weekly Pivot is 4,350 Targets 4,448 9/20 gap top + prior 4Wk balance HB + 50% ext of 10D balance zone 4,494 prior 2 months balance hb + prior 5 Days balance low 4527 weekly vPOC from 9/11 Targets 4,314 10D balance zone half back 4,256 unfilled opening range dominator from 6/2 ...