SPX500

[vlad]

daily

Dont end up shorting 3rd wave; Anil margin traders will short 3rd wave and then will stare at each others once their stops are gone

[Wavecounting]

Agreed! thumbs up Vlad!

[drake36]

Dear Vlad, if your count is right the end of the 3rd wave, I calculated the area (2949-2950) where this can happen.

Drake

[vlad]

Dear Vlad, if your count is right the end of the 3rd wave, I calculated the area (2949-2950) where this can happen.

Drake

yes, i will look to buy at the end of 4th wave to take it up to top on fifth wave rather than shorting like noobs (like any margin trader the 3rd wave for it has broken the top LOL)

but its just me; i reverse trade Anil Margin officially ; we all know that.. so I will buy when they will sell

[Karma]

similar count:
2347-2817-2723=3013(62%),3193(100%)

2723-2860-2785= 2922(100%) exceeded,2959(127%),2974(138%),3007(162%)

price extension 2940-2347= 3018-3103(113%-127%)

[oldmate]

Agree. Trend is clearly up, bigger weekly correction is complete, will break the top and keep going.

Mangals will all be shorting as their imaginary 'structure is now complete', or 'we need to correct this impulse', until structure changes again and then they need to reassess, all the while not winning any trades.

[fxMarshal]

Karma, how I miss this stochastich

ok I.m in , lets take this pips

[vlad]

Karma, how I miss this stochastich

ok I.m in , lets take this pips

Pavel can you tell us your story of the trades you were taking with Nora; she used to show harmonics

Can you tell the story of you reverse trading Anil with Nora many years ago? LOL

[Karma]

similar count:
2347-2817-2723=3013(62%),3193(100%)

2723-2860-2785= 2922(100%) exceeded,2959(127%),2974(138%),3007(162%)

price extension 2940-2347= 3018-3103(113%-127%)

Price within 127% of 2723-2860-2785= 2959(127%), 1974(138%) divergence lower time frame 5min/15mins therefore caution as consolidation possible for the 4th wave, or can continue higher to 3007-3018 before consolidation.
short term consolidation,
break below 2939 then lower to 2925-2920 or upto 2915-2910
break above 2952 then 2959-2974 and higher

[Karma]

15MIN TF, higher lows , divergence, upside still in play, upside target=2959-2974 and higher

[Karma]

2954 might be the 3rd wave and now in the 4th wave price is testing intraday support of 2939 break and close will likely be the start of the 4th wave consolidation, price target= 2879 where wave 4= wave 2. then 1 more move higher for the 5th wave price projection 3007-3018 for now.

Let the 4th wave complete then we tackle the 5th wave.

chart is 1hr TF

[Karma]

Price below 2939 15 min already broke the "trendline" , close below 2924 will target 2910 and lower.

Enjoy the rest of the week

[Karma]

Yesterday's forecast was that the SPX fall to 2910 and lower, today it tagged 2900.50 and then it has started to consolidate, with NFP tomorrow there is likely to be volatility and 2900 could be all there is for this downside and now SPX TURNS HIGHER however the move from 2900 could face upside resistance between 2020-2025 or 2927-2935 then 1 more down move lower to test 2890-2900 again, failure here then 2870 will be next followed by 2850 which will be a game changer.

2870 is where the price will react and support Zone for now. Should the prices go above 2945-2950 then expect 3000-3020 in the next few weeks.

Happy Days

[Karma]

Yesterday's forecast was that the SPX fall to 2910 and lower, today it tagged 2900.50 and then it has started to consolidate, with NFP tomorrow there is likely to be volatility and 2900 could be all there is for this downside and now SPX TURNS HIGHER however the move from 2900 could face upside resistance between 2020-2025 or 2927-2935 then 1 more down move lower to test 2890-2900 again, failure here then 2870 will be next followed by 2850 which will be a game changer.

2870 is where the price will react and support Zone for now. Should the prices go above 2945-2950 then expect 3000-3020 in the next few weeks.

Happy Days

Price tested the upper price zone of 2927-2935 tagged 2947 then dropped back to 2900's(2894) back up again to 2937 and then continued lower to 2870's (2862)... in the last 15-20 mins the market moved higher to close at 2884.

2954-2900=A, 2900-2947=B, 2947-2894=a, 2894-2937=b, 2937-2862=c?(C), C=A *138%.

From 2723 it is forming a ending diagonal however once price closes breaches 2860 then the 4th wave will be complete and the start of the 5th will resume.
One point to be noted is this the 4th wave potentially could have had completed yesterday @2862 and the 5th is already in progress, retest of 2870 price zone likely break below 2862 then 2850's next support zone.

price break above 2910 then upside in progress expect a lot of volatility and big price moves, upside limited to 3000-3050 in the short term.

[Karma]

Prices on spx 500 futures currently at 2870 , break below 2860 then 2850's & lower too. Price needs to consolidate the entire price structure from 2954-2862(ABC) for an X wave for subdivision lower.

IF 2954-2862(ABC) is complete then expectation for consolidation before higher prices, upside resistance 1st price zone=2880-2895,2nd= 2895-2920, above 2920 then 2940-2950 breakout above 2954= 3000-3050 resistance zone.

[fxMarshal]

All serious traders , follows Your charts !


God bless YOU, Karma

[vlad]

Yesterday's forecast was that the SPX fall to 2910 and lower, today it tagged 2900.50 and then it has started to consolidate, with NFP tomorrow there is likely to be volatility and 2900 could be all there is for this downside and now SPX TURNS HIGHER however the move from 2900 could face upside resistance between 2020-2025 or 2927-2935 then 1 more down move lower to test 2890-2900 again, failure here then 2870 will be next followed by 2850 which will be a game changer.

2870 is where the price will react and support Zone for now. Should the prices go above 2945-2950 then expect 3000-3020 in the next few weeks.

Happy Days

Price tested the upper price zone of 2927-2935 tagged 2947 then dropped back to 2900's(2894) back up again to 2937 and then continued lower to 2870's (2862)... in the last 15-20 mins the market moved higher to close at 2884.

2954-2900=A, 2900-2947=B, 2947-2894=a, 2894-2937=b, 2937-2862=c?(C), C=A *138%.

From 2723 it is forming a ending diagonal however once price closes breaches 2860 then the 4th wave will be complete and the start of the 5th will resume.
One point to be noted is this the 4th wave potentially could have had completed yesterday @2862 and the 5th is already in progress, retest of 2870 price zone likely break below 2862 then 2850's next support zone.

price break above 2910 then upside in progress expect a lot of volatility and big price moves, upside limited to 3000-3050 in the short term.

good chart; not selling spx yet

[Karma]

SPX has followed script as intended, I was not able to update earlier today that prices would turn around from 2835-2810 price zone.

so far from the 2723 low it is forming a diaganol:

2723-2860=i, 2860-2785=ii, 2785-2954=iii, 2954-2835=iv(50% 2723-2954 &2785-2954=66%, 2835 onwards will be the 5th wave upside price target 2975-3010 or 3020/3050).

the 4th wave likely has completed at 2835 today this level is also a 50% consolidation zone from 2723-2954 if not complete then there is a potential prices could drop to 2810 zone but not required. disregard the labels on the chart not relevant.

[vlad]

anil margin traders selling indices like stupid; soon they will lose everything

[fxMarshal]

Karma, we need new waymarks

[vlad]

correct way of trading indices is buy side only... i will only buy from the bottom

only anil margin traders wait months to short a small leg and lose their accounts

[Karma]

Karma, we need new waymarks

Pavel, my crystal ball does not work all the time however when i have a plan then I have to consider where it finishes and also what would happen next, I had Expected price zone of 2836-2810 and it exceeded down to 2801 therefore next price zone 2785-2770 or upto 2750 too.

prices exceed 2825 then upside resistance = 2836-2856 zone, there is resistance zone 2856-2875. Short term break below 2801 then lower price zones 2785-2770-2750, BREAK out below 2723 then expect 2700-2660 or upto 2600-2575.

For upside continuation break out above 2836 and 2876 is required, once above 2900 then 2954 and higher upto 2975-3018, with the volatile markets upside could exceed above 3018, for now next price zone = 2836-2876

[fxMarshal]

Pavel, my crystal ball does not work all the time

No problemo , my friend,
I have a Lucky Coin

[oldmate]

Significant weekly demand zone here. Will be watching for long setups

https://www.tradingview.com/x/VIHyuig2/

[fxMarshal]

Pavel, my crystal ball does not work all the time however when i have a plan

Significant weekly demand zone here. Will be watching for long setups

https://www.tradingview.com/x/VIHyuig2/

Karma, oldmate
I am impressed !!

[Oxygen]

Pavel, my crystal ball does not work all the time however when i have a plan

Significant weekly demand zone here. Will be watching for long setups

https://www.tradingview.com/x/VIHyuig2/

Karma, oldmate
I am impressed !!

Indeed...!

[fxMarshal]

Karma, we need new waymarks !

Cristalball in action !

Magic in the room

[Karma]

Karma, we need new waymarks !

Cristalball in action !

Magic in the room

price at inflection point therefore caution required, break out above 2890 then 2900-2915, can also consolidate from current level

support = 2850-2860, below 2850= 2840-2830.

[Karma]

Karma, we need new waymarks !

Cristalball in action !

Magic in the room

price at inflection point therefore caution required, break out above 2890 then 2900-2915, can also consolidate from current level

support = 2850-2860, below 2850= 2840-2830.

break below 2875= 2865-2855

[fxMarshal]

Magic ....

[fxMarshal]

Karma, we need new waymarks !

[Karma]

SPX tested lower support @2830 then consolidated higher to 2870, however price at 2870 is 62% retrace from 2890-2830, support at 2950-2845 and retest of 2830 too, break below 2830 then 2820-2810 for lower support.

break out above 2860= upside resistance = 2870-2880,2885-2995, 2900-2915.
caution required volatile price action.

[Karma]

SPX tagged 2820-2810 at 2804 double bottom and has potentially started the upside however there is resistance between 2836-2856 , prices need to break out above 2856 then 2876 for higher price zones= upside resistance= 2900-2920.

From 280= 2801-2892= abc(3wave), 2892-2804=(3 waves), now from 2804= ?? it could be either 3 waves or 5 waves and price zones = 2870-2890 or 2900-2920.

futures currently at 2835 within resistance zone 2836-2856, support zone = 2815-2825, breka below 2815 then retest of 2800 or lower to 2785-2750.

[Karma]

SPX broke below 2800 and tested 2766, upside resistance 2790-2805, 2820-2845, more downside as long as 2790-2805-2820-2845= resistance.

Break below 2766= 2733-2722, 2695-2685, 2645-2625, price at 2733= C=A*100%, 2690=C*A127%, 2635=C*A162%

Price extension from 2961-2800= 2755(127%),2732(141%),2699(162%)

fib retrace 2437-2961= 2715(38%), 2640(50%)

spx futures chart attached

[fxMarshal]

SPX broke below 2800 and tested 2766,
spx futures chart attached

God bless You, Karma !

[vlad]

SPX broke below 2800 and tested 2766, upside resistance 2790-2805, 2820-2845, more downside as long as 2790-2805-2820-2845= resistance.

Break below 2766= 2733-2722, 2695-2685, 2645-2625, price at 2733= C=A*100%, 2690=C*A127%, 2635=C*A162%

Price extension from 2961-2800= 2755(127%),2732(141%),2699(162%)

fib retrace 2437-2961= 2715(38%), 2640(50%)

spx futures chart attached

karma bounce should be near soon be careful

[Karma]

SPX futures tagged 2732 where C=A @100% and also about therefore looks ready to consolidate.

Upside resistance = 2760-2770, break out above then 2800-2820 crucial consolidation zone for more lower prices, however breakout above here then
2890-2920 resistance zone.

short term upside resistance = 2760-2780, 2800-2820.

break below 2730= lower support 2715-2690, 2650-2630.

[Karma]

SPX has had a nice rally off from 2930, and breached all the resistance zones on it way higher to get to 2890-2920 zone.

From 2954(2961futures), there is a cypher forming where 2911 = D, is this enough! or will it continue higher?

from 2930 price has gone up in 3 waves 2825-2800-2911 and had dropped to 2870 which could be the 4th in progress or completed for the 5th to follow

if it is the 4th then 2911-2870-2904=a,b and C in progress therefore breach of 2870 =2855-2840 or if 4th completed at 2870 and this is the 5th wave then 2935-2945 or 2955-2960 for a double top, there is the option of testing 3000-3100 on the upside too if 2960 is breached.

short term 2880-2870 support , break below here then 2850-2840 support zone.

break above 2911 then double top retest 2950-2960, break above 2960 then 3000 and upto 3100 likley.

[Karma]

2730-2911-2870 completed the consolidation for the 4th wave, it is now in the 5th wave , however there are 2 options still targeting higher levels above 2950-2960= 2990-3060 resistance zone.

2960-2800-2894=2730(100%) a,b,c and equal, if the same is applicable for a,b,c then 2730-2911-2870= 3051(100%)

the CYPHER pattern was busted and now upside from 2960-2730= 2990-3023(113%-127%) or upto 3055(141%) for a butterfly completion.

[Karma]

Spx had tested 3394... and then reversed lower, why 3394, its simple math 1576-667=909*3=2727+667=3394.

From the previous low 2347-3394= 2748(62%) retrace however markets tested 2707 expect a 38-50% rally back to 2707+(262)or(343)=2969-3050 or even higher, if higher resistance= 3120-3135

[Karma]

there is a probable diagonal forming however it is too early for now, keep track of the pattern posted below.

price will be volatile for the next few months.

[Karma]

SPX ENDING TRIANGLE got busted when it broke thru 2347, lower price in play
see chart, market is what it is... expected price range 2150-2000.

Friday prices on futures dropped to 2268... this is also another support zone however if it does break thru lower then expected
2150-2000 price zone.
expect a consolidation (3394-2150(2000)) after a drop of 1250(+/-150pts)