Prep for the week - SPX short lived rally

1 окт. 2023 г.

A rally for a few days to complete the 4th wave makes sense with the new month and good news from the government. Target is 4340-60 and then we should have a final move down to 4200 to complete the downward structure.

Good luck!

2 окт. 2023 г.

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good morning, it still looks like a B wave. Maybe a flush at open and then a buy at the trendline again

2 окт. 2023 г.

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If it's a B wave, it may be done, not sure yet.

2 окт. 2023 г.

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AAPL at resistance here, I'm thinking we go down more, but let's see how tech responds.

2 окт. 2023 г.

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RTY at support level.

2 окт. 2023 г.

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2nd tag of structural trendline

2 окт. 2023 г.

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organized selling. if correct and B is done, C is next. over 4300 is the goal for bulls.

2 окт. 2023 г.

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tech is positive. watch for that to lead if it rallies

2 окт. 2023 г.

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this level needs to hold, the red line has been support twice. Underneath it becomes resistance. So far holding.

2 окт. 2023 г.

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winding up. one more low possible, but red trendline is still holding strong.

2 окт. 2023 г.

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although it's possible we go lower, I think the mid time frames are hinting at the up move right now. we'll see how it looks tomorrow - have a good evening.

3 окт. 2023 г.

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one more low made, now or never for bulls.

3 окт. 2023 г.

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potential bear trap, structure still holds.

3 окт. 2023 г.

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nope breakdown, should be a strong move after the consolidation.

3 окт. 2023 г.

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confusing market can't tell if it's a real breakdown or not

3 окт. 2023 г.

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qqq at support, i see signs for both bulls and bears. Going to sit it out till I see what goes on from here.

3 окт. 2023 г.

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test of channel, a little higher but I think it's a short to 4200 area.

3 окт. 2023 г.

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rejection

3 окт. 2023 г.

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watch for a secondary test, it's possible to take out shorts.

3 окт. 2023 г.

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it's possible the downmove is over for now. They have to get over the trendline which was support to make it more clear. We'll see tomorrow!

4 окт. 2023 г.

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good morning, they are over the trendline, a pullback to it this morning (if it comes) is a buying opportunity I believe. Good luck!

4 окт. 2023 г.

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objective buy area with a tight stop.

4 окт. 2023 г.

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Tech now showing strength at support.

4 окт. 2023 г.

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could be this support line is where the market is held. *\Under the morning low and it's going to 4200 and lower.

4 окт. 2023 г.

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qqq still holding support, a break below and it's going lower.

4 окт. 2023 г.

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SPX resistance area again, Not sure what is happening, Needs to clear the previous tops. Very trappy today.

4 окт. 2023 г.

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rejection so far, if we keep selling, the blue trend line may be target area. Tech still holding up very well - buyers coming in there.

4 окт. 2023 г.

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back to resistance, it may be this, start of a larger ABC.

4 окт. 2023 г.

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looks better, if they breakdown under support it will be false.

4 окт. 2023 г.

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rsi bothers me, watch for a false breakout - like this. also could just keep going up but i think being careful now that stops are taken out is smart.

4 окт. 2023 г.

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no false breakout,so we continue to climb higher today. TOmorrow may be a pullback for B

4 окт. 2023 г.

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very tricky. My feeling about the rsi being odd seems correct. I think we've completed A and now we are going to finish B into the close. C up after that. If wrong I will update...

4 окт. 2023 г.

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new video - dips are getting bought, so a corrective phase looks like it has started. Tech especially should be the top gainers

4 окт. 2023 г.

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upper channel area reached