SPX Updated Thoughts 5/19/22I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
Spx500long
SPX 500 index: Local peak is close. Today we're here to talk about the SPX 500 index
What's on the market now:
The index is trading at 40 88. And in the last trading session we saw a move to 41 00 which I mentioned earlier, here's a link to the idea.
Today we are waiting:
Today we are waiting for a movement to the level 41 25, but before that the market can still visit the level 39 60
What I recommend:
If you want to go short:
I recommend you go short above 4125, limit your losses.
If you want to buy:
Long positions are possible from below 3960, limit your losses.
If you are not in the market:
You need to wait for the next bottom or peak. You can go short above 4125 or buy below 3960.
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Also remember to contact me in 1 or 2 days for further trading advice.
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SPX Should be the bottomed then head to 6k's next couple years Sitting on a trendline from 2007, if we switch to linear it's a little lower, so possible there is one more low but think this should be it. Then we get a 1998 style last horrah up to 6k's where we run for the hills, at least my current plan.
SPX 500 index: Is the market ready to show us 4100Today we are here to talk about the SPX 500 index
What's on the market now: The index is trading at 40 08. And in the last trading session, we have a flat correction.
Today we wait:
If yesterday's flat correction ends. And today we can expect the market to move to the level of 41 05. But if the market continues yesterday's correction, then we expect its bottom at the level of 39 30.
What I recommend:
If you want to open short:
I recommend that you go short above 4100. If you want to avoid risk, shorting above 4145 seems to me the safest.
If you want to buy:
Long positions are possible from the 3930 level, limit your losses.
If you outside the market:
You can sell above 4100 or wait until the market bottoms out at 3820-3780 and buy there.
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Also remember to contact me in 1 or 2 days for further trading advice.
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SPX bottomingMain target zone was hit!
4120SPX is the main resistances now
4000, 4056-35, 4115 (must hold for continuation lower)
- Next target is the ideal target 3935-55SPX (3932-34ES) - HIT!!!
- 3900, 3850-30 are next supports (can turn any time, not trading those unless day trading trend)
Buy zone for tomorrow (Hit)
- 3935-55SPX Main buy targets!!! BUY BUY BUY
Main Short 4220, no short above 4240, next and ideal target is 4300
Intraday short 4056-35SPX
Main pathway
- Low (intraday) was on the 11th;
- Long from 3935-55SPX
- final low May 10-11 at 3933-55SPX - Hit!!!
- rally for a week or 2 back to 4420 - 4300 (9+%),
- retrace back to under 4k in June
Main target for the upside is 4380-90 and 4425-40SPX (4300 main resistance on the way up)
Potential higher extension (ATH bull callers trap) around 4600SPX sometime in Aug
Larger ABC pathway down into Oct low to 3500-90SPX or more next year 2023 - 3000-3200SPX zone
SXP 500 index! - We're going sledding.Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down.
What's on the market now:
Globally, the index goes to 3850. And I believe that it will be at this level around May 18-20.
What are we waiting for today:
Today, the market may try to stabilize the price and move it to the level of 40 90, but if this scenario is broken, then the movement to the level of 38 50 will continue.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 4090, limit your losses.
If you want to buy:
Long positions are prohibited. A sharp price movement to 3850 is possible, limit your losses.
If you are currently out of the market:
You can go short above 4090 or wait for the market bottom at 3850.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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See you next time.
SXP 500 index: SXP 500 index: Profit-taking from shorts today?Today we are here to talk about the SXP 500 index.
Today: The index is trading at 3991. In the last trading session, the market went down sharply, as we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the index goes to 3850. And I expect it to be at that level around May 18-21.
What are we waiting for today:
Today we are waiting for an attempt to stabilize the price caused by profit-taking, its movement to the level of 40 80 - 41 00, and then we expect a sharp movement to the level of 3850.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4080 - 4100, limit your losses.
If you want to buy:
Longs possible below 3850, limit your losses.
If you are in cache:
You can sell from 4100 or wait until the market bottoms around 3850-3780.
If you want to ask a question about an idea:
If you would like more information, please contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
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See you next time.
SPX is all upside down today.Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4155. In the current trading session, we saw a sharp drop, which we so happily made up for yesterday. Unfortunately, I didn't manage to catch the peak at 43 35 that I was expecting. In addition, I entered the market at 42 24 and exited at 41 77. At the same time, I received a loss of -1.125%
What's on the market now:
The situation is very complicated, there is a lot of volatility, as we can see. Personally, I need a calmer market to make trading decisions.
What are we waiting for today:
We are waiting for price stabilization and its arrival in one of the target zones. Currently, trading in the market is too risky.
What I recommend:
If you want to open short:
Short: abve 43 35, limit your losses.
If you want to buy:
Long - below 3995, limit your losses.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
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See you next time.
SXP500 Index! - This will be a hard daySXP500 Index! Today we are here to talk about the SXP500 index.
Today: The index is trading at 41 75. In the last trading session, we saw the price stabilize and come to the target zone of 41 90.
What's on the market now:
Now the market is calm we see a sideways movement in the market
What are we waiting for today:
Today the price may rise to 42 45 on the positive news from the FRS US and continue its correction from there.
What I recommend:
If you want to open short:
Open short positions from the level 42 45, limit your losses.
If you want to buy:
It is better to refuse long positions. A sharp drop to the level is possible. 4015-3995. Limit your losses to the last low.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
Like it and subscribe, thanks!
See you next time.
S&P500 - Quick Chart AnalysisFor what it's worth, I'm dropping a very basic analysis of the current price action for S&P500. It seems that the price is resting on the middle trend line of the descending channel.
The risk-takers might want to open a long order at the current level of $4,150 with a target at $4,400 and a stop loss below the recent lowest low, which is $4,060.
I personally will be trading with the trend and have an order set up at $4,400 to short the index. The stop loss is slightly above that level.
SPX and what you need to know..Well yesterday we saw a hugely important lesson for Traders on the SPX. Im sure many of them left a stop under the previous low as per usual...
Why is this unwise...? Well if you know how the markets work on a mass scale, it rather makes sense.
Entities with large amounts of money like good deals. They want to get in at the right time.
The volume of their trading size moves the market so much they put it in before the previous low. That's why stops get taken out.
Do not get yours taken out... Spread risk. Trade small. It will keep you happy..!
SXP500 Index: Stumbled and fell.Today we are here to talk about the SXP500 index.
Today: The index is trading at 4287. In the last trading session, we saw a sharp increase to the 4315 zone which I expected earlier here is a link to the idea.
What's on the market now:
Today the market will be in the phase of fixing the profit received yesterday. Globally, the market moves to the 3780 zone. And yesterday it formed a local peak at the price of 4308.
What are we waiting for today:
We are waiting for a movement to the level of 4220 and a further attempt to rise to 43 35.
What I recommend:
If you want to open short:
It is possible to open short positions only on rollbacks 4300 – 43 35, while limiting risks.
If you want to buy:
Longs are prohibited. Possible sharp movement to the zone 41 00
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
SXP500 Index! - Let's buy! (risky)Today we are here to talk about the SXP500 index.
Today: The index is trading at 42 15. This time we saw a sharp fall in after the correction to the 4220 zone that we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the market is moving towards the 3780 zone. But now a local correction with a local top at 4320 is possible. However, we still have an important level And yesterday it formed a local bottom at the price of 4200.
What are we waiting for today:
Now we are waiting for the market to try to rise above 43 15. However, the market still has the possibility of a sharp price movement to the level of 41 00.
What I recommend:
If you want to open short:
Open short positions above the level of 4315, limit your losses.
If you want to buy:
Long positions are possible from the 42 20 level. Limit your losses to the latest bottom at 42 00.
If you want to ask a question about an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!