I posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that this happened...
Hi Traders! We are approaching the all-time high on the S&P 500, and traders are eagerly anticipating tomorrow's Federal Reserve interest rate decision along with the FOMC minutes meeting announcement. Looking at the technical price action on the 1W chart, the market has been in a steady bull market since October 2022. We have drawn the ascending price channel...
The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due. I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the...
We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money. But to make the right decisions you must look at the data and filter out all the noise and be patient. I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the...
A small follow up for the bullish case of the SPX: We're still in the resistance zone, located below the resistance line of the bigger falling channel we're in. Now we've seen the first rejection of the upper part of the resistance zone, however, we just shot right back in. That is still bullish. Right now, the bullish case for the SPX is still in play, and im...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * US New Residential Construction saw Building Permits for November down 11.2% from October to 1,342,000 and November Housing Starts down 0.5% from October to 1,427,000 . These numbers are reflective of an economy preparing for weakening demand as we head into 2023. ...
SPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * The FOMC announced a 50bps rate hike today and adjusted their Dot Plot to reflect a 5.1% FFR in 2023 . Markets rallied prior to the announcement and then fell shortly after, though this could have been a short-squeeze, Equity and Crypto markets could see more...
Rising Wedge, nearing 0.786 fib, major resistance nearby, low momentum above the 200 DMA and upcoming economic reports are all reasons i've been building up a short here on the S&P. Swing trading with a final target at 3400 over a several month timeframe, and a SL at 4160.
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * CRITICAL RESISTANCE WATCH . US Equity Futures are starting the week down as Cryptos are attempting to finish the week up (barely). Markets are apparently getting spooked by the unrest in China and how it may affect demand if the CCP is to enforce stricter lockdowns...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. * October CPI rose 0.4%, the same increase as in September ; but what moved markets was that Core CPI rose 0.3% compared to 0.6% in September. Such an impulsive rally after one dovish CPI print is hardly sustainable in a bear market; however, if the UofM Sentiment...
Demand zones are 3770 & 3730. stop loss: 3710, target: 3870
SPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . US September Building Permits came in 1.4% higher than in August while Housing Starts registered 8.1% lower , following a recent trend of builders making more plans to build but being unable to start. Several factors contributing to this include average 30yr...
SPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * SHORT SQUEEZE WATCH . US September CPI came in 0.4% higher than in August compared to a 0.1% increase from July to August , and CPI without Food + Energy came in 0.6% higher, signifying that the decrease in fuel prices wasn't enough to slow inflation. This leaves...
SPXUSD Daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash. *Equities, Futures, Cryptos, Metals, Energy, GBPUSD, and EURUSD are all down while DXY, US Treasuries and VIX are up once again. Fears of nuclear war being exacerbated by resolute threats from Putin and desperate social media pleas by people like Elon Musk are pushing investors...
SPX500 now forming one more time Rising Wedge Pattern with Patterns forming its looking Bearish for now stay safe from CRYPTO LAST 6 months SPX500 drop down (-21.06%) if this Index will reach (-29%) (-30%) i think BTC will drop 10000$-12000$ Comment Below if you agree with me ?
SPX went down on fundamentals and made a huge gap. It will probably try to fill the gap on Monday. The 4000 level is a great level to take short trades. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Another week of writing successful Credit Spreads on $SPX...almost 49% NET Returns YTD
Here are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending...