SPX last night email update chart
Güncellendi
Morning everyone,
Im sharing my last night work with you here. This was sent out to those who are on my email list.
It was a long update, I will copy paste only important stuff here:
I think we get Jun low to Aug high type of move but much faster.
Looking at the zoomed in chart (4h white background chart)
- You can see that I expect to have a deep pullback into Fri (ideal target is 3680-70SPX), another move up from there either to 3875SPX to finish up the whole move up of this 4th wave.
- Or we get Jun to Aug (but faster) move off the lows and get a move from upcoming Fri low back to 3785, down to 3645 and final strong move up to 4040-4100SPX. This pathway will make the next high not mid month but closer to the EOM (making higher monthly close)
After mid or end of the month high expect the final move down early Nov to finish up the whole move down of A wave from Jan high and mark the low for the year.
Targets to hit:
- If the price makes 4040-4100SPX , then the first target will be back to just a bit under 3600SPX
- Ideal target zone is 3475 and 3389-95SPX
- 3212SPX is the extended target
Trading plan for the rest of the week.
- Looking to start taking off my swing short at 3715-20SPX level and will start layering with longs there 25%
- Exit full short position at 3670-80SPX level and get 50% more longs to make it 75% long position
- In case we hit (less odds) 3640SPX I will be 125% long, otherwise I will add on a move above 3755-3760 test and hold.
On the simple daily SPX chart 110MA is below 50MA can be the main target to hit next, need to close above the mid Bollinger, which I think will happen on the move up after Fri low.
I really think the price should close the last gap from 3678SPX before the move up resumes.
I want to see a price gap down below 3750 from the open to have my plan playing out.
3640SPX is a very important number to hold on any closing level!
Numbers of importance for tomorrow:
Resistance:
- 3876SPX (closing above should see 3960SPX next)
Support:
- 3749-50SPX, closing below should see below 3700 next
- 3715-20SPX
- 3670-80SPX
- 3640-45SPX
Im sharing my last night work with you here. This was sent out to those who are on my email list.
It was a long update, I will copy paste only important stuff here:
I think we get Jun low to Aug high type of move but much faster.
Looking at the zoomed in chart (4h white background chart)
- You can see that I expect to have a deep pullback into Fri (ideal target is 3680-70SPX), another move up from there either to 3875SPX to finish up the whole move up of this 4th wave.
- Or we get Jun to Aug (but faster) move off the lows and get a move from upcoming Fri low back to 3785, down to 3645 and final strong move up to 4040-4100SPX. This pathway will make the next high not mid month but closer to the EOM (making higher monthly close)
After mid or end of the month high expect the final move down early Nov to finish up the whole move down of A wave from Jan high and mark the low for the year.
Targets to hit:
- If the price makes 4040-4100SPX , then the first target will be back to just a bit under 3600SPX
- Ideal target zone is 3475 and 3389-95SPX
- 3212SPX is the extended target
Trading plan for the rest of the week.
- Looking to start taking off my swing short at 3715-20SPX level and will start layering with longs there 25%
- Exit full short position at 3670-80SPX level and get 50% more longs to make it 75% long position
- In case we hit (less odds) 3640SPX I will be 125% long, otherwise I will add on a move above 3755-3760 test and hold.
On the simple daily SPX chart 110MA is below 50MA can be the main target to hit next, need to close above the mid Bollinger, which I think will happen on the move up after Fri low.
I really think the price should close the last gap from 3678SPX before the move up resumes.
I want to see a price gap down below 3750 from the open to have my plan playing out.
3640SPX is a very important number to hold on any closing level!
Numbers of importance for tomorrow:
Resistance:
- 3876SPX (closing above should see 3960SPX next)
Support:
- 3749-50SPX, closing below should see below 3700 next
- 3715-20SPX
- 3670-80SPX
- 3640-45SPX
Not
I took 1/3 shorts off around the lows, ready to re-strike soonNot
Added back SPY 360 puts I sold earlier and ES short, missed second short by a bit.61.8% retracement here, puts are hitting the tape hard today again
Not
Now Chop Chop around till after the lunch time and we break that 3749SPXNeeds to get below 3715 for 3670-80 next.
As per my plan:
Will be covering some short at 3715-20SPX level and start longs, small position
Not
Chop Chop continues as expected, premium burn! Weeklies are getting destroyedNot
Who is having fun? Friday gap down!Was saying about this on that other day evening update and yesterday since am here.
Was able to short back at 3769 and cover at 3723ES in less then a minute.
Will be layering longs starting at 3707.50ES
Not
Correction, longs from 3698-3700ES evenLevel of importance are:
- 3640.50SPX
- 3749SPX
Must hold the first number at any attempt or it will make new lows next!
Not
Ideal long will be at 3670SPXLets get my 3670-80SPX tested early am.
Careful with sizing though
Not
This is what playing out so far!I might change that A wave to Oct 5th high as it could be complete and the B wave can get to test if not make a new low on Monday. Then a strong rally into Tuesday high. What comes after Tuesday (if it plays out as outlined), no one knows how deep it can go in a very short period of time.
Stay tuned!
Feragatname
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