Spxlong
SPX Long and pull backExpecting to reach $4350 limit, then a small pull back to retest $4008, then for higher target, swing towards $4818 previous high.
SPX500USD - Positioning for 2022The Virus had set the stock cycle quite accurate in the last 2 years.
It seems we have 2 intermediate cycle low in a year:
1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL
2020.03.23.
2021.03. 05 .
2022. 01 .24.
2. the other one is "just" a normal ICL (highlighted by blue)
2020.09.21.
2021.10.04.
2022.09....?
The next "normal " ICL will be due only at the end of summer, most probably in September.
So when the ICL is printed you just need start a long position .
The chance is high we printed the lows yesterday. Notice the brutal volume we are having at these lows.
We had a similar setup in 2018 December. After the reversal candle on the next day we had a pullback where you could enter for the next ICL:
Use today's pullback for an entry:
spx attempting retestif we're going to continue up, this zone was inevitably going to be retested. market reacted to nfp numbers this morning.
expecting this to wick up and/or consolidate out.
bear div leading into hidden bull div.
we'll see what happens.
SPX which levels to aim for and projection based on 70's actionBased on the current breadth moves, it is highly likely that the bear market has ended. However, it is highly unlikely that the price will continue rising for many years to come considering the projected persistent inflation by economists like Roubini and El-Erian. Based on the similarities between today's price action and the 70's this idea is based on the assumption that we are currently in the process of making a multi year top before resumption of the secular bull trend. More information is on the chart. Good Luck.
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, expecting closed all week highSPX closed at $3998.95 (Almost $4000) today. Expecting a higher close point between $4010-4038.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting (video meeting?) We'll see whether supply chain issue will smooth a little -- If works, SPX go towards $4300s.
SPX Neutral Consolidation time There area three possible way for SPX to walk - check Blue/Red/Green three way general analysis. IMHO it's going down to retest support $3900, $3940 , and even $3800, $3750 area -- most likely build more consolidation area, then decide to retest $3636, or reach for $4150 -- Follow the wave!
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 $4150s.
overall a long trend with consolidation movement.
SPX ascending triangle & C&H breakoutI'm looking at 4h timeframe. If S&P succeeds in breaking out parallel channel, the neckline of Cup and Handle pattern and at the same time ascending triangle upper band/resistance/ more likely it will hit 4180-4200$ target as mentioned on the chart. Before reaching the mentioned target. I expect a small rejection at 1.61 fib level and retest of C & H neckline.
This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
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.
SPX500 BUYSaw the buy -- we shifted MS to bullish IMO. Want to see it go to 3820 highs .. 6/30 NY highs were never raided that is my target. This isn't financial advice it is just my bias.
SPY AnalysisThis chart shows a trend-based Fibonacci retracement. The trend points used are (1) The market high right before the 2020 selloff, (2) the market low from the 2020 selloff, and (3) the most recent market high (in January 2022).
As the chart shows, SPY has nearly perfect retraced back to the Golden Ratio. My expectation is that SPY will rally into and throughout July 2022.
What are Fibonacci numbers?
Fibonacci numbers are merely a series of numbers in which each successive number is the sum of the prior two numbers. As the series grows, the ratio of each Fibonacci number to the previous Fibonacci number in the series converges to 1.618. Meanwhile, the ratio of each Fibonacci number to the next Fibonacci number converges to 0.618. These ratios often help us mathematically predict important support and resistance points of price action.
Do Fibonacci numbers actually work?
The stock market has always conformed to Fibonacci numbers both because many traders use them and it is thus self-fulfilling, but also because Fibonacci numbers help us mathematically approximate the ebbs and flow of crowd psychology and the fear and greed which dictate market participants' actions. Each time fear takes hold, market participants sell and cause price to fall back to a previous Fibonacci number (often the Golden Ratio, reflected as the proportion: 0.618). Then once the pervasive fear wanes, market participants begin to get greedy as they see a buying opportunity in the lower prices of the market. The fear that once caused selling then shifts to a fear of missing out on profit, and greed regains control of the market. Just as selling begets selling, buying begets buying, and so price continues up to a higher Fibonacci number, thus forming a pattern called the Golden Spiral.
If you don't believe that the stock market has always conformed to Fibonacci numbers, try drawing a Fibonacci retracement level on the S&P 500 (SPX) from its all-time low in 1877 to its high in 1929 just before the Great Depression. You will see that the low point of the Great Recession was, of course, a Fibonacci ratio.
This is just one of an endless amount of Fibonacci sequences that the stock market has followed over the years. Fibonacci sequences dictate price action on all timeframes. To the uninformed person, these endless golden spirals that dictate price action on multiple timeframes simply seems random...
SNP STRONG LONGA huge convergence formed on the weekly timeframe has started to work out on the U.S. Industrial Average. The Fibonacci expansion correction already corresponds to 1.618, which is enough to end it. We closed the gap formed by the candlesticks of the previous two trading weeks. Last week's trading volume was climactic, the highest since June 2020. There is also a support level below. Why not turn the markets around already. Especially since the negative sentiment about the future of the market and FUD about a prolonged recession is all over the place.
SPX Gap Fill Play!SPX has 2 gaps on the daily chart. One gap occurred June 10, 2022 and the other on June 13, 2022.
On June 15, 2022 SPX closed the day with a spinning top.
My plan is to take SPX to the upside after it breaks 3838.51. However, should it break below 3722.08, I will take it to the downside. I have an alert set at 3838.51 with the expectation of a gap fill to approximately 3900.
Please reference the screenshots of the SPX daily chart below.
*This is not financial advice.
Peace,
MrALtrades00
SPX Trade PlanningIf you are looking LONG term at any Equities market labelling long zones is a necessity. IF you cannot do this you will have BAD aim..
If you use monthly charts you are going to be looking for LONG term trades. As we approach some key support and our 40MA on a LARGE forming bearish candle we can look lower for longs.
You also need patience and be comfortable with missing out on all the trades you COULD have taken in between.
That is why we use DCA methods.
This does NOT mean get short. It simply means if you are LONG TERM trading you can take it long lower.
SPX, 1.13 then bounce? SPX first D point was completed on this shark as you can see the beautiful bounce at the .886, but now price is back at that key level testing support, normally when this happens price continues and price hits around the 1.13 before reversing (If it reverses).
The 1.13 does look like a good zone, wiping out a lot of liquidity and landing on another psychological level, I think i'll sit on my hands if we don't get a pullback and wait for this to complete, if we get confirmation it could be a very powerful trade, US30 would also follow it.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Potential Distribution FormingNice BOS on the 10/15m on SPX, if we see this turn into a distribution and continue to fail the highs/break the lows i'll be looking for sells on NAS/US30...
If this is a Sign of weakness now we should get a push down (Tricking the early sellers) before a liquidity hunt up wiping them out before the move continues down... (If this turns out to be a true schematic)
Will probably happen during NYSE open (If it does) Let's see..
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
SPX Scaling in..As Equity Markets fall further we can see a clear example of scaling in to the market.
7 Weeks straight down. NOW you should be thinking long.
Prices get hit lower and we like to get IN. Reflect on market sentiment and current value.
S&P 500 printed Irregular Expanded FlatBased on this EW count S&P 500 correction is likely to be OVER!
If this is indeed to be true, S&P 500 will make a new ATH completing the 5th and final wave of this current bull market cycle.
EW count for SPXEW count for SPX
Speculation:
Wave 4 is done
Wave 5 will print ATH
50-70% Correction after new ATH
SPX 500 index: Is the index ready for 4125? Today we're here to talk about the SPX 500 index
What's on the market now:
The index is trading at 3900. And in the last trading session, we saw a movement to the last bottom area, but the market held it. I expect that in the near future the market will try to rise to the level of 4125 - 4150
Today we are waiting:
Today we are waiting for an attempt to move to the level of 41 25 - 41 50.
What I recommend:
If you want to go short:
I recommend you go short above 4125, limit your losses.
If you want to buy:
Now is a good time to try to go Long, limit your losses to the last bottom.
If you aren't in the market:
Now is a good price to enter long to the level of 4125-4150, but if this plan is cancelled, then the market may sharply go to the level of 3825-3740.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
SPX500 index: Let's go to 3910 today!Today we are here to talk about the SPX500 index.
What's on the market now:
The index is trading at 40 13. And in the last trading session, we saw the price stabilize, as I expected earlier, here is a link to the idea. Globally, the index is moving towards the level of 3830 - 3780.
What are we waiting for today:
Today we expect a decline to the level of 39 00, and then an attempt to rise to 4100. If the movement to 41 00 is canceled, then we expect a sharp move to the 37 80 zone
What I recommend:
If you want to open short:
I recommend you go short above 4100. If you want to avoid risk, going short above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3910 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms around 3820-3780.
Like and subscribe, thanks!
Also remember to contact me in 1 or 2 days for further trading advice.
See you next time!
