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 wont be surprised to see 3900 test and then one more up from the bull flag. If 3900 holds we should see 4100+ move on the last leg up. The amount of puts is insane, unless I/we dont know something, its a retail/perma-bears trying to short every top and you know what happens to those puts when P/C ratio is so up. I also start to see some really out of the money...
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
Triangle, watch for the support to break. You saw how quickly it can fall, now what it will be when the real selling will hit the markets...?
Expect some choppiness here and reversal tomorrow. Thursday is a panic day, we will see what it has in store with the developing news
We have touched the first target in am and sold off hard below maj resistance level - 4010.50SPX Closing below will be very bearish. Whatever the news triggered, was expecting those to come at any time. Those in satanic club are pushing for the big war and it wont be bullish!!! We should see lower lows in Dec, Nov should close lower and Dec will close higher...
Posted this chart last night with the notes to watch the trendline (black line) break otherwise it can extend, it did extend right into the top of the box. Im shorting/adding at 12150+ or on the break test of the trendline
That trendline (black) is what Im watching for the NQ to get a confirmation of a breakdown, without it it can extend higher. Needs to break the line, close 1h under 11735 and re-test the broken trendline to confirm the top. As stated before, Im going to reduce my protective longs by 50%, if we gap up tomorrow, already started here. BTW one important thing is...
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...
While NQ is getting close to its resistance, ES is about to break the flag here. Watching the flag to break to pop in on the long side, otherwise not really doing much at this time Watching the close above 3959SPX for a continuation into 4010+ zone next week. Will jump on the long side if we hold that level on the close
I like how VIX is coiling, when it goes it will hit 65 area conservatively I have started some Apr 35 2023 calls today
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
Watch this candle close. The vol is average, hunt for liquidity is whats happening out there. Remember the latest Crypto move, it went up first right, the rest was history! Now how many of you forgot what just happened with crypto is last 2 days after that move up? People tend to have a short memory. Nov will be a bearish month after Oct bullishness. This is...
Will have a tight leash on this one I want to see a move down to 11410-400 and ideally 10343 if not more, might not be all in one day but who knows. Also watching for the shooting star formation in case we get a sell into the close UVXY is in IHS
Rising wedge was broken down and retested from the low Im short here, scalp.