Low mid month, high into 13900-1400 zone by end of Aug or early Sep. This is going much lower into Oct low! Planning on exiting all the long term longs around 13910-14000 zone
Im looking for a low tomorrow at 4058-62 and ideally we stretch to 4012-4027.5 which I expect to hold. My timing is showing a low on the 3rd (if we wont reverse tomorrow), then high on the 5th or 8th and low into the mid month. That would mark the B wave and one more push into EOM, ideally we see 4330+
So far so good, needs a continuation tomorrow. Main supports are: - 4027.5 - 4010-12 - 3940-45 (must hold on any tests for continuation higher!)
VIX bounce off the trendline support and got a buy signal automatically. Needs to close above the lower Bollinger Band
NQ almost hit my target zone, expect a test of the mid channel if not more. I still day trade this, no swing positions, only ES from Fri. All depends on how we will be closing today, might enter with either long or short for tomorrow Tomorrow is a turning day, it can be a move in one direction. VIX has a long signal, be careful if long indexes
Im slightly short as of Fri close, not planning to hold for long, looking at other day to get in with swings. Notes from the chart: 4308.5SPX is the main resistances now (must hold for continuation lower) Resistance - 4158.50, 4160.2, 4177.60, 4168.80 (Maj) SPX - Low target for tomorrow 4052, 4027 and Main support 4012SPX - Buy if seen in am, don't buy if we...
Expecting the high in range of 25800 to 28500 Looking for a low in 14-15k zone, if we stretch down to 10k that would be a gift imo
Right at the maj resistance now. Same as VIX at the support, SPX is at the do or die spot here Maj support is at 4050 now!
Very important level here, SPX is at the top of the bear channel as well. We will know soon if this it and the maj low is in or not
I did send this chart during the last trading hour yesterday to those who are on my email list. I have revised the bear channel and it fits much better with the current price action as well as the fibs. Im short here and looking to add if we see a double tap of a bit higher high, otherwise doing only day trading. Its a weekly and monthly closing day today, so...
If it continues to grind up into the 4-5th, then it could get all the way to 4225 2 targets on the way are: - 4120-25 - 4162-68
NQ is about to test the upper bull channel in a bigger bear channel. Perfect confluence at 12797. Im doing only day trading on it, I will enter long term short when we hit or get close to my ideal target.
We did make a new low tomorrow, SPX is above the trend channel at the moment. Watching the main trendline to hold, a test of 21.50 zone will be super important going forward. I still view VIX as a bullish setup forming going into Sep/Oct shenanigans
He didnt gap down and gap up today, so no call for the full retracement off yesterday's low into Fri. The next targets are 4075 and 4090SPX I have some good confluence with the 4090SPX and as far it was so far away from a week ago, its getting close to it. Tomorrow is a double directional day, watching for the 4090 to be hit to mark the high. Also getting close...
I find the close not bullish, should of close on the highs for tomorrow's continuation. So if no gap up tomorrow above that channel, we should see a full retracement of day's day by Fri. Im out from my long term longs keeping only 1/4th running Enjoy your evening
VIX did not make new lows when the markets made higher highs since July 22nd. A good confirmation for the A wave to top soon
So far so good with one more push. First targets is about to get hit: 4022, 4030-34 Next target and ideal is 4090! This could reverse tomorrow and erase all gains by Fri! So have to be careful here on the long side. Im out from 3/4 of my remain long term longs at 4021ES
Im set to cover at 12145 NQ has a same look as the ES, H&S pattern