$SPX Update via $SPY
Impulse is setting up to finish with an expected pull back
Two paths: 🐂 🐻 👇
Bulls - pullback followed by a strong move up to new highs, you don’t want to see invalidation
Bears - the “pullback” will be hard rejection and should not take out whatever highs it rejects from
Of course we won’t know for sure which case at play so manage your positions based on how heavy/ light you are in and if you got leverage or not 🤷♂️
$SPX blue path at play
$ES did make fresh lows, invalidating the white path. It complicates things a bit. Personally will be watching the two levels given for any hard rejection again. If we reject my target is the lower orange box
$LLY up a nice 16% since I posted
Never dropped to give a clean entry but glad I had my started position, I’ve gotten out, will get back if opportunity is presented
I like the technicals of $LLY
Broke out a large consolidation and retested it, now trying to make next leg up
Above the weekly 10, 20, 50 ema’s
Would add more if it drops to my alert and bounces hard and set my stop
It’s $XYZ time for the brave ones (or if you like pain)
Got an inverse H&S set up that is also a 1-2 1-2 setup in terms of waves
Got clean invalidation
If this breaks out on larger timeframe it could rocket 🚀
It’s been forever since I’ve posted on $XYZ what an absolute pain stock for majority including me
BUT
Can’t ignore that base, looks a little too nice 👀
Above the 10, 20, 50 weekly ema and 200 weekly sma
$SPX blue path at play
$ES did make fresh lows, invalidating the white path. It complicates things a bit. Personally will be watching the two levels given for any hard rejection again. If we reject my target is the lower orange box
$SPX Outlook:
Strong drop today, managed to go below first target but didn’t reach second target while have a wild reversal so far
Important spot: this could be start of next impulse up OR start of some consolidation/ correction before the real drop
There is a lot taking place that can influence either direction: CPI data, Trump posts, Iran situation, IPOs, AI, etc
I did buy the dip today, let’s see how it plays out
$GLD has not gone anywhere for a while, I think that’s about to change:
Golds been on a decline in price while volume has been dropping
I’d like to see a bounce towards $5000 before a final leg down towards $3200, would love to buy some physical coins there if we get there
No trade setup yet until we get first impulse up on smaller timeframe
$SPX Outlook:
Strong drop today, managed to go below first target but didn’t reach second target while have a wild reversal so far
Important spot: this could be start of next impulse up OR start of some consolidation/ correction before the real drop
There is a lot taking place that can influence either direction: CPI data, Trump posts, Iran situation, IPOs, AI, etc
I did buy the dip today, let’s see how it plays out
$SPX downside targets and what to look for:
Seems we got our new blue trend line (will adjust as it develops over time)
Two main targets: ~7310 which is 23% retrace then next spot is ~7155 which lines up with 38% retrace and blue trend line (big spot)
$SPX downside targets and what to look for:
Seems we got our new blue trend line (will adjust as it develops over time)
Two main targets: ~7310 which is 23% retrace then next spot is ~7155 which lines up with 38% retrace and blue trend line (big spot)
$SPX forecast came out mint
Strong pump into second target ✅
Hard rejection ✅
Red path spot on 🐻
Bulls got invalidated and now I’m targeting the orange regions
Did you take gains into strength? Did you enter short at sight of weakness?
$SPX managed to put in an impulse up with a corrective down so far
Regardless of bull or bear case I’m expecting a pump into/during tomorrow
But what follows is hard to tell. There is a clean invalidation for bulls
Personally, will offload some longs into a strong pump if we get it and see if we get any hard rejection from the given levels then take light shorts
Green = bullish path (new highs)
Red = bearish path, the pop you want to short
Need ⏳
$SPX managed to put in an impulse up with a corrective down so far
Regardless of bull or bear case I’m expecting a pump into/during tomorrow
But what follows is hard to tell. There is a clean invalidation for bulls
Personally, will offload some longs into a strong pump if we get it and see if we get any hard rejection from the given levels then take light shorts
Green = bullish path (new highs)
Red = bearish path, the pop you want to short
Need ⏳
It may be time for $MSFT to do some moving, it’s been lagging behind the mags
I have a longer term swing on this, would love to see it gain some upside
Seems like a inverse head an shoulders
In waves it’s a 1-2, hopefully w3 starts soon 🤞
Bare minimum I’d want to see the gap down filled at ~$481
Given the sentiment in crypto, I’d guess we are much closer to a bottom than anything else
Could we still fall further? Yes, but if there was a spot to add, we are near it
$SOL $FSOL is my biggest and pretty much only crypto position and I’m down big but I like the count and don’t mind the hold
Seems like a complete impulse up with an ABC correction where A almost = C
We are also at the yellow bouncing trend line as well
Would love to see a reversal structure to upside in the coming weeks
#solana #crypto
$SPX downside targets and what to look for:
Seems we got our new blue trend line (will adjust as it develops over time)
Two main targets: ~7310 which is 23% retrace then next spot is ~7155 which lines up with 38% retrace and blue trend line (big spot)
The $SPX leg is here, though I don’t think it’s finished
Did notice this volume spike on a candle that didn’t go anywhere meaning lots of shares exchanged
It’s great to see at lows but not so much at highs