Weekly plan for $SPX:
Looking for a test of the 7470–7480 $SPX resistance zone, followed by a sell reaction that could lead to new weekly lows at the 7340–7350 support zone. If 7330 is broken, the week turns more bearish, with selling likely extending toward the 7310–7315 support zone at a minimum.
Resistance levels are at 7470–7480. A sustained break above 7480, followed by 7495, would turn the weekly outlook bullish and target the 7530–7540 resistance zone, where another sell reaction is likely.
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Weekly plan for $SPX:
Looking for a test of the 7595–7600 $SPX zone, followed by the 7635–7645 $SPX zone if the bulls are motivated enough, where a sell reaction could occur at either level. If both levels are cleared, the next major resistance zone is 7675–7680 $SPX.
Support levels are at 7515–7525, 7480–7490 (major), and 7460–7465. A break below 7450 would turn the week more bearish.
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Recap of the weekly plan for $SPX:
1) The bullish bias for the week was correct, and we got a test of the 7540–45 zone.
2) That 7540–45 resistance area produced a nice pullback on Monday. Price dropped 130 points precisely from that level (without exceeding it by more than 5 points), as shown in the screenshot.
3) The 7420 weekly support held to the tick on Wednesday and produced a 160-point rally into Friday, as shown in the screenshot.
It was a perfect week. The TA levels couldn’t have been more precise.
I’ll post the weekly plan for next week over the weekend.
Have a great weekend, everyone.
Below are $SPX first hour Algo low and high for today, 2/25/2025. Error for Low/high are 1/3 and 1/4 of hourly range. If these levels reached in the first hour, they normally act as support and resistance (within their margin of error).
Algo high: 6006
Algo low: 5961
Weekly plan for $SPX:
Looking for a test of 6060/65 and possibly as high as 6080/85 (resistance) before another sell.
Support levels at 6000/05, 5975, and 5950/55 (major and must hold for bulls).
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Weekly plan for $SPX:
Looking for a test of 6075/80 support. Below that, 6045/55 is the next support. Falling below 6035 turns the week bearish.
Resistance at 6140/45, 6160/65, and 6195/6200.
Follow for real-time intra-week updates and algo levels.
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Starting next week, I plan to post daily plans and real-time alerts on a random day of the week for #ES_F, #GC_F, and #CL_F.
To be fair to our VIP subscribers, I won’t be posting every day. Turn on notifications if you don’t want to miss these alerts.
6127 high in $SPX vs 6131 algo high (pretty accurate) and 6114 low vs 6100 low (just 3 points higher than max margin of error). Overall a good performance today. Hope followers enjoy these FREE and REAL TIME posts.
#ES_F
Below are $SPX first hour Algo low and high for today, 2/14/2025. Error for Low/high are 1/3 and 1/4 of hourly range. If these levels reached in the first hour, they normally act as support and resistance (within their margin of error).
Algo high: 6131
Algo low: 6100
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This weekly plan played out perfectly. $SPX hit my black trendline at 6000 almost precisely and bounced significantly from it (as shown by the arrows in the chart I posted last weekend in advance).
Before-and-after pictures posted for comparison.
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#ES_F $SPY
And high of the day at 6084.75 #ES_F, while we exited our long at 6083.5. Posted our exit here in REAL TIME so people can see how we pick the low and high of the day, almost to the tick, nearly every day.
And where was the low? Almost right at my blue trend line at 6000 $SPX (as posted here IN ADVANCE a few days ago) and +40 points bounce from it so far
Accident or coincidence? You tell me.
We went long #ES_F at 6020 & had nice profit in our group.
Weekly chart of $SPX:
As long as uptrend channel from 10/2023 low holds (currently around 5830), bulls remain in control in the medium term, and no significant correction is expected. Since that low, price has continued to form a series of higher lows and higher highs.