ES1! SPX500USD 2023 FEB 06ES1! SPX500USD 2023 FEB 06
Last week's Scenario1 short and breakout trade
both offers TP of 50pts each.
Market is back into supply zone (circled), 3 TFs
showing supply coming in. Temporary short
opportunity may arise if market moves up on lower
volume and narrow spread.
Scenario Planning:
1) Short if 4209-4175 is resisted
2) Long on support and acceptance at 4094-4048 level when
breakout level is tested.
Volume Analysis:
Weekly: High vol up bar close off high = supply coming in
Daily: Higher vol down bar, possible 2BR formation = supply coming in
H4: High vol down bar close at low (UT) = S>D. If up bar(s) after this
is narrow spread and low volume, we may have a temporary
short opportunity
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
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Have a profitable trading week.
SNP
SNP500 Short-Term Bullish Analsyis.GLOBALPRIME:US500
Factors of confluence for the analysis:
* On the higest Degree of structure (Daily). We are coming from building equal highs.
* coming from the equal highs, the price had built a Distribution and right after its completion, there was an accumulation that reversed the effort of the sellers.
*On the purple trend, the last bearish retracement, came from the Bearish POI. However, the sellers failed to break the structure and the buyers took control of the market.
Conclusion:
The purple trend is likely to have as target the equal highs.
We identify the highest volume interests to select the levels from which the Smart Money (the purple trend) might keep buying from. This is represented by the white dashed arrows.
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This expectation is a framework to look for a potential trading setup; I recommend you to not just execute based on these levels. I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
ES1! SPX500USD 2023 JAN 29
ES1! SPX500USD 2023 JAN 29
Market presented scenario2 for Long with TP1 at 29pts & TP2
at 80pts.
Supply observed on H4 and Daily TF. Supply may be back to
defend their position.
Scenario Planning:
1) Watch for H4 bar, possible scenario
- if next H4 bar close higher but on narrow spread and lower vol,
market may present a temporary short opportunity
- if next H4 bar closes lower, weakness is confirmed. Short when
market retraces to a recent high and is rejected.
2) If market breaks through on very high vol, retraces and finds
support, it will be opportunity to go long.
Volume Analysis:
Weekly: Ave vol up bar close off high = No Demand
Daily: Ave vol up bar close at middle = Supply coming in
H4: High vol down bar close at low (UT) = S>D. If up bar after this
is narrow spread and low volume, we may have a temporary
short opportunity
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
SPY about to break out OR fail?The week to close leaves Friday (today) and currently, the weekly candle is looking really really good... A potential weekly break out is in the cards IF Friday can hold current levels and/or rally further above 400.
Furthermore, note that the MACD is in alignment for an uptrend. albeit the VolDiv is slightly less than ideal, being flattish-ly up trending somewhat.
Also, this should be the third weekly close above the 23 week EMA... and what we really want to see is a close above 410.5, for a higher high.
DeMark Sequential started as this week is the third candle, and noted that there is no completed Buy Setup since late 2022 when the down trend started. Oddly, without a completed Buy Setup, the primary trend is actually UP, which suggests this deep retracement is about over.
IF all goes really well, expect upside target at 442-448, a good 10% upside.
For now, this is just a technical heads up and plotting of the next couple of week's projections.
ARE YOU BULLISH????Hello!
Bullshort is here!
An interesting spectacle amid news. But as I said the Fed rate will only start to show itself closer to March. In the meantime, you can arrange a false breakdown of the downward channel. From a chart perspective, the price should bounce off 4077 and return below the trend line.
The government is about to remove the restrictions on public debt which is fascinating.
Continue...The increase in rates will begin to realize itself closer to March. FRS does everything right.
Taking into account the Fed's policy for 2023, macroeconomic factors and banking policy, 2023 can easily become the year of the red candle or the continuation of the downtrend.
Let's now go deeper into the economy and see what is happening in it now.
We all know that the credit policy of the USA and the EU for individuals. the price is very profitable. Interest rates were very low, and housing loans were even negative. All this led to individuals grow lending themselves to the ceiling of their salaries. Not the way I teach you – to calculate only from net income – namely from a salary on paper.
Due to the increase in interest rates, % on loans begin to grow and payments from individuals grow with them. All this, at a distance, will lead to the fact that many people will have to start selling their property in order to pay off their debts to banks.
~ Profiit Opportunity~RSI reversal in s&p 500Hi guys, this is yet another simple chart based on a pattern that works 90% of the time. It's the rsi reversal, coupled with other trends you can take in impressive profits quickly.
The volume is high but it's sell volume (red candle). Following position can be taken. Also 4k is a resistance on psychological level.
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Open: Market
TP: 3940 - 1
3920 - 2
SL: 4005
ES1! SPX500USD 2023 JAN 01ES1! SPX500USD 2023 JAN 01
After rotation between 3788-3928, market breakout for long opportunity.
Temporary weakness may be expected. Wait at high levels to short is preferred
Scenario Planning:
1) Short at rejection of 4175-4094
2) Long test and accept of rotation area 4175-4094
Volume Analysis:
Weekly: Low vol up bar close at high = No Demand
Daily: Low vol level bar close toward high = No Demand
H4: Low Vol narrow spread up bar close off high = No Demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094 3928-3788
3580 3502 3231
Remember to like and follow if you find this useful.
Have a profitable trading week.
SPY the time to rally... Previously, expected the SPY to make a higher low (orange ellipse). I think it just did.
For the higher low, as expected, It pulled back to that level on 22 Dec 2022, and then near it again on 28 Dec 2022 (higher low!).
Usually, I would use the SPY weekly chart, but this week being the first week of the year, I thought it more appropriate to use the daily chart to break down what happened in the week.
Based on the last two weeks price action, we can draw a (yellow) support line which shows quite clearly that there is a strong support about 379 that has been tested multiple times. Then on Friday, the SPY closed above the last two weeks range. This alone is a clear bullish indication.
MACD is aligned and supportive of a nascent rally; and VolDiv is appears favourable though lagging.
390 appears to be the immediate resistance as well as the 23-week EMA (resistance). Beyond that, expect a nice bullish close beyond 403.5 for a second confirmation. Then to top the cherry, a high/close above 410 establishes the higher high.
Expecting a bullish week to follow through...
Observing Historical Top to Bottom to Top CyclesThis is more of a observation or thought experiment than any kind of technical analysis. The starting point of all data points is the SPX ATH. All other historical ATH values begin at the most recent ATH (January 22), and end whenever price returned to its respective ATH.
Time and Change is more important than Time and Price. It's easier to see this from a logarithmic view.
Historical data is color coded. Vertical lines represent lows.
Happy Holidays and may you be a part of the next cycle. Maybe the start is now? Maybe next year? Nobody can be sure.
SPY down again, normal to get a Higher LowNot all down days/weeks are bad, some are necessary.
It appears we are at the juncture, where the weekly candlestick pattern is bearish. very clearly bearish. so we are likely heading for a down week.
MACD is indicative, so is the daily candlestick. Can expect an early to mid-week down draft.
Overall, looking into a end of year low, but a higher low, of about 375.
VolDiv indicator is telling of a bottoming consolidation formation.
Having said that, the longer run into 2023 should be bullish, and that remains to be seen. It is expected, and projected, but not yet seen the roots of it. Just need a higher low on the weekly chart now.
[S&P 500] short term bullish but mid term bearishTechnical indicators show a high probability of a “dead cat bounce” pattern which is a bullish retracement inside a downtrend.
Indeed, the drop was triggered by a huge bearish MACD divergence and confirmed by a cross between MA50 and MA200, while the recent rise was triggered by a small bullish MACD divergence.
I believe the bullish retracement will end below the 50% FIBO and will be confirmed by the historical resistance of the 50 period disparity index.
Get ready. The end of this correction is near, a key moment.Analysis of the spx 500 index 11/21/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3949. Yesterday, as I expected, we saw an attempt to increase the index at the market opening, i mentioned earlier. However, there were few volumes on the market and they were enough to maintain and stabilize the index. Thus, yesterday’s attempt to grow was not realized.
And so today the market will have another chance for the growth of the index. However, today in the morning the situation on the market is different than yesterday. Many market participants saw the weakness of the market and the hesitation of buyers. This will be a signal to experienced players to reduce their positions if the index fails to grow. This will cause the index to drop sharply.
What today:
Today at the opening of the market, rates are rising, the market is expected to be likely to move sharply. The index will have one last attempt to rise to the level of 4110-4150. However, if this attempt is broken, then we will see a sharp drop in the index to the level of 3860 and below.
What I recommend
If you want to go short:
Short positions are possible with a sharp move down. You can go short if the market goes down sharply, but limit your losses.
If you want to go long:
Long positions are possible with a sharp move up. You can go long if the market goes up sharply, but limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
Bye!
SPX500: 4110-4150 before a deep correction, key point.Analysis of the spx 500 index 11/21/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at 3965. Last Friday we saw the index approach the 3990-4000 level I mentioned earlier. Also at the end of the day we saw trade entries from experienced players. Today I expect the index to make one last attempt to get out of the sideways movement it has been in for the last 7-10 days. The market still has a chance to continue its movement to the level of 4110, however, there is a small possibility of this. Which is likely to be implemented in the morning. However, if this attempt fails, then the target of the index will be 3860.
What today:
Today, the index at the opening will have a chance to make the last attempt to rise to the level of 4110-4150. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
What I recommend
If you want to go short:
Short positions are possible from the 4110 – 4150 level. This would be an ideal place to sell this week, limit your losses.
If you want to go long:
Long positions are possible from the 3860 level, this would be an ideal buy, limit your losses.
If you are out of the market:
If you are out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
SPY Will Go Up! Buy!
Hello,Traders!
SPY bullish reaction
To the CPI news continues
And we saw that the price
Broke a local key level las week
Now SPY will likely retest the
Horizontal support briefly
And then go further up
Buy!
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See other ideas below too!
Last attempt to take 4050 or wait for a rollback?Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index.
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
There the SPY goes… next leg downAs heads up yesterday, the TLT and VIX were telling… and the SPY buckled slightly (-2%) for the day.
Over the next two days, breaking down below 370 (red support line) and in doing so trigger a TD Flip to start a new TD Sequential should see the SPY find its way close to 350 (or lower).
MACD is supporting this and the VolDiv had already been warning a long time ago…
Analysis of the S&P 500 index: The big game begins…Analysis of the spx 500 index 11/09/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3828. Yesterday the market continued moving towards the level of 3820-3845, which I wrote about earlier. However, at the moment, I see all the signals for a market reversal and its movement to the level of 3440. Like yesterday, today a lot will be decided by the election result, but at the moment there were already sales in Europe and Asia. The market reacts negatively to the elections, as I expected. Large and medium-sized hedge funds are shrinking their portfolios, increasing volatility. However, such actions may provoke a sell-off in order to diversify risks for clients. What is likely to cause a sharp movement to the level of 3440 and below.
What I'm looking forward to today:
Today I expect the index to move to 3750, however, if the fall accelerates, then all long positions should be closed. There is also a possibility of a sharp movement of the market to the level of 3660.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the level of 3830-3850. But you can also try to open a position in the market, limit your losses.
If you want to go long:
Long positions are prohibited, the market is likely to fall sharply to the level of 3440.
If you are out of the market:
Today, as yesterday, long positions are prohibited, limit your losses. If you want to open a short position, then it is better to do it from the level of 3830-3875, limit your losses.
But if you see anomalous behavior in the market, like a sharp rise, then it is better to stand aside, although the potential for growth to the level of 3970-4050 remains, but at the moment such an event is unlikely.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index. Press your thumbs up. This will give me more motivation.
See you next time!
Bye!