Spxshort
SPX must take 3997 to continue higherVery important to get above 3992-97 tomorrow to continue this move up!
If we reject it in am, very dangerous sign.
Ideally we go up into that target, then retrace and go above 4k level.
The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish.
The issue is, we need a confirmation and trade above Thursday close. Also the 3992-97 resistance zone! Last time we failed that test, the rest is history.
So tomorrow numbers are going to be an important market mover imo,
Projected high is on the 5th, low is on the 7th and high is on the 12-13th, ABC like move up is what Im expecting
Main resistance is at 4025SPX and the 4076-80SPX
Very important - the surprise is on the downside! This has a potential to crash hard, have stops!
Have a good night
US500 BEARISH OUTLOOKAfter the speech of Fed chairman Jerome Powell last Friday, on which he clearly stated that the main goal of Federal Reserve is to stabilize prices and will remain hawkish on interest rates, expectations of increased strength of the USD made big portion of the investors to sell their shares and increase the amount of dollars they are holding, which plummeted the price of S&P500.
RSI indicator is below 30 level and MACD is below zero as well, which also indicates a bearish trend.
The instrument broke the support at 4109 and continues to decline. If this pattern continues, the instrument might test its levels at 3940. Otherwise, if the trend reverses, the price might test levels at 4060.
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SPX hit 4308.50 target!Ideal target has been met!
Watch to close below 4308.50, ideally we close red, tomorrow will be a bigger sell off with the bounce on the 18th.
The target zone is at 4300-33, it can stretch into 20s, I will short it there, or short if we close below 4308.50
Timing should be right as per my last night update.
I will post a zoomed out chart after the close with the expected pathway into Oct low.
One thing to mention is I wont be holding any longs after end of this month!
Sep can produce a good crash, you've been warned!
SPX gap fill is at 4300.16, maj resisatcne is at 4308.50Its a turning day tomorrow, the 16th, expect it to be an intraday or a closing high.
Super close to the Gap Fill at 4300.16 and my main target/resisatnce at 4308.50. Had that number since Jun, didnt expect it to get hit mid of Aug but EOM or first days of Sep.
Timing for the low is on Aug 26th and I expect 4010-30 to hold! Might get to 4050-60SPX only, will calculate target when I see that we topped. 4200 will have to be lost at min, today this number could rise.
This Fri Max Pain is at 405 SPY, something to watch!
So I was thinking if we see a low on the 26th, then there is a high chance we stretch into the Sep OPEX for bear max pain and suck every bull in at 4425-35SPX. That was my ideal target before we saw lower in June, now its secondary target.
spx "bullish" wave count. pull back to test lowsthe "bullish" scenario, as we see it, is still set for a major pull back from this level.
looking to retest the lows. from a bullish count, would need to recover quickly to see a retest of the 4500 zone, before 5 more waves down.
there's also the chance that this is the top of the dead cat and we get the 5 waves down starting from here.
either way, this ads to our macro swing bear thesis.
SPX is at 100% extension still see the whole move as bear rally- VIX gave a long signal and short signal for the markets, same as we had on the 29th of July.
Tomorrow we have a directional change as well as Fri with clear low on the 16th. I would like to see a good move lower starting tomorrow or Fri and a gap down on Monday. Volatility spike on Monday supports my view on this possible outcome. And then reversal day on Tuesday with lower low in am and higher close then Monday to mark a temp bottom.
Im swing short both ES (under the water) and NQ AH's.
I did trade NQ and ES on the long side last night and woke up to some very nice gains, happy with seeing a good long setup last night. So my paper loss on the ES short was very well offset today, not counting every day day trading.
Im fine holding those shorts with no stop for now.
Can we extend, 100% we can if it wants too and my ideal target still seats at 4308-30SPX. Please note that we are supper close to my min target I had for second month now - 4225SPX (very close and I wont be upset that we wont hit it:). I didn't expect that we get there on a straight line with such low pullbacks, but we did. And I'm trapped with some swing ES short for second week now (which is fine with me as I day trade through the day with NQ and make all that paper loss back with both long and short trades, like I did from last night entry)
My downside targets are the same - 4012-28 and ideal 3992 and 3950SPX. All we need is to break 4125SPX
Important levels (on closing level) for tomorrow and rest of the week to watch are:
Support, Daily:
- Maj is at 4135 and then 4079 on closing level
- Air below 4079 all the way to 3860-70SPX and 3810-20SPX
Weekly:
- There is only one support on weekly level and its at 3636SPX
Resistance Daily
- Maj is at 4308SPX
- Air above 4308 all the way till 4460SPX!
Weekly Resistance is at 4385SPX
I will update NQ chart tomorrow, it was updated to those who are on my email list though.
Enjoy/Share/Like
SPX500 OutlookHello there all,
Here's the SPX analysis outlook potential direction.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below in the comment section.
This is not financial a advice. 🙂
Thanks all.
SPX HAS FALLENPrice moves for TWO REASONS:
1. Liquidity
2. Imbalances - to Rebalance
There is major imbalances to fill and SPX has shown her hand.
The market has 3 moves
1. Up
2. Down
3. Sideways.
This is the 4hr TF.
Never Over Leverage.
Trust your trade set up. Give it time to mature.
Have Fun!
I AM Pro Trading Made Simple.
I Represent #SniperGang
SPX Long -- Pull back for reset, then expect higher $41xx - $43xStrong SPX expecting higher 30F point -- looking at $41xx this week and $43xx next week with strong forecast financial report.
Tomorrow will have a pull back retest $3980 bottom -- a great chance to buy dip for Friday rally -- Apple expecting close at $160 +; Semi-conductor rally is in town!
SPX long, quick pull back towards $3880A quick pull back towards $3880 and form a 5F pivot area -- fill or not fill the gap, then keep going up towards $4150s.
overall a long trend with consolidation movement.
SPX 500 IdeaThis set up is based on objective price action that the market does daily.
Once you know the timeframe when the algorithm will operate and run on its MICRO Program ( a short list of actions that engage for a specific area of liquidity or to a time where an imbalance can be filled),
then you can pinpoint exact candle pattern clues that give us the edge when price will begin to trend from areas of INSTITUTIONAL STRUCTURE (Gaps found on the 1hr and Daily are great starting points)
In the Morning Zone price will leave clues. Watch for bullish fake out moves right before 12am EST
12am-2am price will reach fast and furiously for BUY SIDE LIQUIDITY. (This is the FakeOUT.)
The True bias will present for a short entry.
Price should not come back to your entry.
Set a 10 pip SL as your Safety Net.
Now lets see if price follows the script!
Never over leverage.
Trust Your Trade Set Up.
Have Fun!
I Am Pro Trading Made Simple
S&P 500 June Bottom Was SignificantThe S&P 500 actually bottomed in June 2022 right at the 3rd Fibonacci extension from the Great Depression high. (The Fibonacci levels here were drawn from the all-time low in the 1880s to the high in 1929 right before the Great Depression).
Since the S&P 500 corrected down to an extremely important Fibonacci level and cleanly found support, this could be quite bullish, at minimum for the intermediate period.
SPX 500 index: local peak at 3850 - key turning point: Today we're here to talk about the SPX 500 index
Today: The index is trading at 3795 and yesterday we saw the market attempt to move up to the 3850 level. Here is a link to the idea. Today, market participants will continue to push the market to the 38 50 zone. Where I expect the formation of a new local peak.
Today we are waiting:
Today, like yesterday, we are waiting for an attempt to move to the level of 3830 - 38 50.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 38 35, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge and subscribe to me, and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
Understanding The SPXThe hot focus at the moment is on the FED and their MPC decisions.
We are seeing now that the rising of rates is to SLOW the economy and drag inflation down. The problem is this is rarely ever a fast process and markets can drift for a long time to the downside.
Market crashes can last a long while and it is important to trade IN LINE with sentiment. There is no good lumping in when the sentiment surrounding the particular Asset Class you are Trading is poor.
Take decisions on your size in a risky market. Understand what is going on and trade accordingly.
This is how you maintain solvency and profitability regardless of the swing in market price.
SPX short term is bearish, medium term is bullish!SPX is simple here, short 4165-80 Zone, buy low 3900 for the move up to 4300!
Im looking for a bottom early in a week, ideally by Tuesday and move up to at east 4215SPX and ideally to 4300 before a test of 3885-90SPX
On the other hand we could see 3885-90SPX next week or pre-Fed and move up to 4300+ into early July high
Buy zone for tomorrow with stops!
- 4060-65SPX
- 4055SPX light level of support
- 3927; 3908SPX
- 3885-90SPX is the main buy zone
- 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon)
Short
- 4175-70SPX and 4215-25, no short above 4225, next target is 4300