A Wolfe Wave? Maybe. Another Win? Definitely. | SPX Analysis 16 What do you call it when you wake up, sip your tea, and realise the market is exactly where you thought it would be?
Answer: another day following the damn plan.
Yesterday’s price action? Snooze city. But tucked away inside that inside day was a lovely little income win, all thanks to those glorious GEX levels we’ve had our eyes glued to for weeks. 5400/5425 was once again the no-go zone. SPX tiptoed up, chickened out, and reversed politely on cue.
While retail traders yawned or second-guessed, we quietly hit our numbers. Again.
And while the surface was calm, beneath the charts... something’s stirring.
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🎯 "Same Setup. Same Result."
Some traders chase action. We wait for systematic decision-making framework.
While the masses complained about a boring market day, we snagged another payday. The setup was textbook: resistance at 5400/5425, backed by GEX, ADD extremes, and the ol’ "...oh and..." wedge-in-the-making.
Throw in a mechanical bear Tag 'n Turn and we were go for launch.
The overnight futures have started to crack the two-day range. One of the perks of short-dated expirations? You don't need massive moves - just a push in your direction, and the premium does the work for you.
And here's a wildcard for your "...oh and..." notebook:
👀 Possible Wolfe Wave forming. If valid, we could be looking at a gravity slide down to 5000.
Is it the holy grail? Nah. But if it lines up with pulse bars and structure, I’ll be ready.
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GEX Analysis Update
5425 again
🎓 Expert Insight – "Pattern First, Prediction Later"
Common Trading Mistake: Jumping on a trade just because the news made your pulse spike.
Fix It: Let your levels do the talking. GEX, ADD, Tag 'n Turns… the market leaves breadcrumbs. Follow those, not the headlines.
Don’t predict. React with structure.
Trade setups, not emotions.
Repeat winners are born from repeatable processes.
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🤓 Fun Market Fact
The Wolfe Wave pattern is named after Bill Wolfe and is often misunderstood as some esoteric mystery. But really? It’s just a glorified channel break with attitude.
It projects a reversal target based on converging trendlines, often in five-wave structures. The magic? The final wave usually slams to a specific line, called the EPA/ETA - and can happen quickly if volatility kicks in.
Most people don’t spot it until it’s too late. But if you know what to look for, it becomes a spicy tool in the AntiVestor arsenal. 🐺📉
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
SPIUSD trade ideas
Bullish Flag In The SPX/USDWhat's going on Traders? Making money I hope! What if I told you you could make some more $
Yepper! That's right! There is another chance at making some more cash if the flag pattern in SPX plays out.
Measured move; TP-1 5501.6 area.
TP-2 5794 area.
Believe it or not but we likely going higher.
Best Of Luck In All Your Trades.
CHEERS! $$$
China is about to decided whether retailiate or not. Donald Trump and hes administration went to far and to many direction.
EU and China at the same time is just too much but tretening the whole world is just an enormous startegic error.
He made woke up not1 but 170 bear at the same time while the bears were sleeping and dreaming. And the dream ended. The USA not enymore realiable, trustworty, and therefore friendly country. The bears are dissapointed and angrys.
They dont wanna have does fals dreams at the next time, and its seems that Trump is in a deadend roed.
Honestly this story can be continued for pages but lets just speak about the an abnormal situation.
BONDS UP 10Y 5Y - trough agressive selling of US debt which is really will tied up the FED hands if the inflation does not happen due to the lack of the tarrifs. 10Y is at the 4,3
The questions can china put the USA in a situation then interest rate cat wount help on the longrun since China and may some of their contries under their influence reaching high detach in a US10Y 5Y and interest rate relation and sending US in to debt cicle.
The slow one is that that will slowly sell as much debt of US that they are cancelling the fed rate cuts.
The fast one is sending aup rates by at least 6% and making the big boys on the stock market to capitulate.
I will update and elaborate this idea better , but I hope if someone reads gets some hints.
Bullish bounce off pullback support?S&P500 is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 5,326.10
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 5,211.08
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 5,517.82
Why we like it:
There is an overlap resistance level.
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SPY: Breakout Brewing?📍SPX500 | Triangle Compression Before Breakout?
SPX500 is currently coiling into a symmetrical triangle on the 5-min chart, suggesting a volatility expansion is imminent.
🔍 Fibonacci Levels in Play:
Key Support: 5,419 – 5,428 (0.5 to 0.618 retracement)
Breakout Target: 5,482.83 (Fib 1.382)
Higher Projections: 5,499.94 (1.618), 5,516.82 (1.854)
📈 Probabilities:
Bullish Breakout → 5,455 / 5,483 = 65%
Sideways Chop in 5,420–5,440 range = 20%
Bearish Fade < 5,419 = 15%
🚨 Watching for confirmation above 5,434 with volume for long entry.
This setup aligns with our high-probability DSS framework for intraday signals. Mark your levels. Monitor the breakout.
🧠 Discipline is your alpha.
📊 Chart by: Wavervanir International LLC
#SPX500 #TradingView #TechnicalAnalysis #Fibonacci #TrianglePattern #BreakoutStrategy #SmartMoney #QuantEdge #Wavervanir #MarketUpdate #DayTrading #DSS #SP500
US500 (S&P): Trend in daily time frameThe color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas.
So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive.
Be careful
BEST
MT
Relief Rally: A chance to take profits?If we are in a historic crash/correction/recession/whatever, we need to use these relief rallies to take some profits AND dump some of our low-quality speculative positions.
IF WE GET TO TARGET TOMORROW, I'm unloading some of my baggage. Time to give the hot potatoes to someone else.
Caution on Crypto, Tech, SPXI know its a mess, this is just for me anyway.
I tend to overcomplicate things so now then, lets over simplify for my monkey brain:
Trend line broken = Warning, thing are likely to change ( even though you didnt get the bull market you wanted)
Watch said trend retest, look for weakness, struggling price action
selling on the retest of the top lows last time would offer you 5% off the peako top, (Thats really good!! stop being a perfectionist)
I am very much frustrated with this market, never got the crazy part I was waiting for. But the lack of euphoria is really not that unreasonable when you think about what has been goin on the past 5 years. Everyone is poorer liquidity has been super tight to curb inflation and we still got NASDAQ:NDX up 150% Coinbase NASDAQ:COIN did a 10x and I still am not happy(likely due to the max pain trade of my life COINBASE:ETHUSD ). I have realized that I have been hoping for another 2018 bull run. It may or may not happen, but I can't expect any market to reflect that in any significant way. Markets are much more dynamic than I give them credit for sometimes. They will rhyme but often in ways you do not expect and will not be made clear until that little bastard hindsight kicks in, showing you how obvious it was.
Bullish??? That was all very sudden, is it over now?The market correction really seamed to be an over reaction. I am hopeful that the worst is behind us, at least for the meantime.
maybe this will be closer to 2018 correction and we just keep grinding higher for the rest of the year. I suppose anything is possible.
-Everyone got way to bearish to quick - Spidey senses going off!
-we never copy and paste last cycle to the next, but people have such a recency bias, sometimes its all they can see ( I may know from experience)
- hopefully bullish
Planning to short a little higher. I made a full pivot on my bear position while we were 6% down on the day into the end of last week, switching to long positioning at 5150 and adding a couple times once the first resis levels broke, now I'm starting to get ready to try to position short again into a move a little higher (5550 or so).
My bias at this point is fairly neutral. As a trader, it really doesn't matter which way the market goes. One could equally make the polarised case for us to trend up 1000 points or down 1000 points. Many people think I want to be a bear for the sake of being a bear, but those 1000 points pay the exact same. I'd opt for the one with no systemic risk.
After all, the money I make I keep in banks and brokerages. Nicer to know they'll be okay.
But markets are not a place for preference. Heading into 5550 is where we have another window of risk for the bear setup.
We took a large position (relative to typical exposure) betting 4% long on SPX at 5150 with 100 points stop. Banked on this for 300 points. With the added positions this was a bit over 15%. Basically, we made as much as a non leveraged long would make trading from the absolute low to a retest of the high.
Still currently have some light exposure betting on 5550 hitting.
If and when we get there, we'll cycle some of our long profits back to shorts. Even inside of a bull market case I could make a reasonable case for 5000 retesting.
And if we're actually inside a bear market, then we've just been through the eye of the storm.
Over the last few days I've not done much. Caught up on work outside the market (or related to work I do based on the market that isn't trading). Caught up on sleep (because I slept very rarely through March / early April).
Whatever way it goes, I think we're going to be back to being super active some time in the next few days.
For now, locking in the profits. Through this year the market has made over 50% worth of swings when you add them all up. We caught a lot of them. Covering multiple years of the standard expected gains for the style and low risk setting used. My priority is keeping that.
But I can see myself repositioning as a bear in the coming days.
I'm undecided of how deep a bear move I'd be targeting. But I do strongly suspect I'll be a short 5550 if it trades.