SPX - I got you all targets hit!
Aggiornato
Well we hit all the targets outlined on Oct 30-31st.
Now if we wont hold today's lows we will see mid 3600
- I have a box zone at 3665-75
- and 3641.50-50SPX as the next target zone, where 3641.50 is a Maj support on closing level!
- Supports on the way are
- 3718-20SPX
- 3689SPX
Resistance:
- 3791-3803
- 3907 is where the Maj resistance again
Also I want to present a possibility I was taking about on Oct 31st update of a bigger H&S where its working on the head at the moment.
I did some calculations and there is a chance we see 3552-89SPX on this leg down, that would be a perfect spot for the head to stop.
Can extend into 3500 zone as I expect the whole move to be retraced in full from Oct 13th lows (mentioned this many times)
Will post the H&S chart here in a bit
Now if we wont hold today's lows we will see mid 3600
- I have a box zone at 3665-75
- and 3641.50-50SPX as the next target zone, where 3641.50 is a Maj support on closing level!
- Supports on the way are
- 3718-20SPX
- 3689SPX
Resistance:
- 3791-3803
- 3907 is where the Maj resistance again
Also I want to present a possibility I was taking about on Oct 31st update of a bigger H&S where its working on the head at the moment.
I did some calculations and there is a chance we see 3552-89SPX on this leg down, that would be a perfect spot for the head to stop.
Can extend into 3500 zone as I expect the whole move to be retraced in full from Oct 13th lows (mentioned this many times)
Will post the H&S chart here in a bit
Nota
BTW my bias is bullish into Fri, Im long with 1 NQ and ES call.Nota
Small IHS hereNota
Guys dont forget to press that 🚀 button to push my charts up in algo for others to see.Also feel free to share my channel with anyone
Nota
Here is the H&S possibility chartPlease do not trade based on it as it can fail any time.
It has all the chances to succeed, then the low will be around 3050SPX
My main target for this year is 3393-3410 and the Ideal is at 3212
If we do in fact break that Ideal low, we wont stop till mid 28 hundred
Nota
Our main target box from the 30-31st is acting as a resistance nowNota
All eyes on 3741.50SPXClosing below will lead us to mid 36 hundred!
Nota
There is a huge 370, 366 and 360 put wall expiring tomorrow. I doubt they will close those in green. So holding today's am lows or better another low tomorrow will be a good buy, even a lotto buyNota
Sentiment is so bearish now, expect 370-365 SPy to hold tomorrow (if it gets tested)Im going to be very long there for a rally into EOD or even the 7th. The rally wont be huge, but still should produce nice returns and ideally close the gap
Nota
If we do hold today's high then tomorrow I will be looking to 3660-65SPX to get hit, 3683-89SPX at min. Then a rally back to 3786-3816SPX level before the real stuff hits the fan
Stay tuned
Nota
Min target for this rally is 3796-3810SPX
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