מדד S&P 500
מעודכן

Windup for a downmove - SPX

2117
The falling wedge pattern and rsi are not acting as bullish as usual. The fact that they couldn't get over the trendline last week on a huge push up also points to more downside. I think 4350 is the target, from there a bounce is likely. I will update if I'm wrong, but right now this is what I'm seeing.

Good luck!

הערה
getting close to resistance again - it has worked for shorts before, no reason to believe it won't work now. תמונת-בזק
הערה
target area reached, if correct tomorrow will gap down. תמונת-בזק
הערה
gap down, so it was a bull trap yesterday. OK so today "should be" the day it breaks down. No promises, but it looks likely after yesterdays fake breakout. The opening or 830 retail sales numbers may bounce first but yesterday's high should hold as far as I can tell. תמונת-בזק
הערה
"Maybe" something like this after open. I think any push up is a selling opportunity for a bigger down move. תמונת-בזק
הערה
bottom of channel again, will they break it finally? תמונת-בזק
הערה
small rally into close would not surprise me, gap down tomorrow again probable if they decide to ramp it. תמונת-בזק
הערה
starting to crack, let's see if they try to save it by close. תמונת-בזק
הערה
hard to say what's going to happen today. On one hand you have RSI on smaller time frames at pretty extreme lower levels, on the other, the daily rsi could drop more. With FOMC minutes today at 2pm maybe we get a sudden pop but I still think the momentum would push it down after regardless. תמונת-בזק
הערה
2 hr view תמונת-בזק
הערה
the market is creeping down. Usually when it creeps up they say "don't short a creeping market". With it creeping down like this it may be the exact opposite. תמונת-בזק
הערה
muted response from the 2pm minutes, looks like they will test the blue trendline. I expect more downside. תמונת-בזק
הערה
perfect backtest, I would think this keeps going to the 18 weekly ma around 4360. תמונת-בזק
הערה
bounce overnight, but small time frames are sufficiently reset to drop again. I think we may finish this down move today. All other RSI readings are at extreme lows. תמונת-בזק
הערה
here's another channel to watch תמונת-בזק
הערה
reaction at the channel edge. I think they will sell the day and we may see a little panic today תמונת-בזק
הערה
close up תמונת-בזק
הערה
small time frame RSI already pretty low. If they get over the channel the selling may be done for now. A reversal would catch shorts off guard. תמונת-בזק
הערה
if the move is done (possible) this would be the count on futures. תמונת-בזק
הערה
QQQ now at support as well תמונת-בזק
הערה
watch tech it just turned positive. תמונת-בזק
הערה
SPX is at the channel. A rejection here and it probably starts to fall quickly. A breakout above 4420 would be very bullish תמונת-בזק
הערה
nope, rejection for bulls. Looks like one more down to complete into EOD. Will update if not. תמונת-בזק
הערה
Close to channel, I expect a spike through and then reversal, 18weekly ma is in that area as well. Everything i see is pointing to this general area as being support. תמונת-בזק
הערה
probably sell the close but 4350 will be strong support. Target area reached, now I think a bounce (weak) for a while. תמונת-בזק
הערה
Target area reached (18 ma weekly) overnight. If they can't rally here, then the 18ma will become resistance on the way back up when it happens. תמונת-בזק

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.