SPX 500 - more whipsaws possibly on the menu
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All in the video. I'm not sure the B wave is done, this looks like a suckers rally right now. Bullish into the end of the day is probable but tomorrow a gap down may occur - good luck!
Ghi chú
one more move up and the B of B should be done. Ghi chú
watch out for this, B waves should have 3 parts, so ramp into close is likely if they sell it first.... Ghi chú
right now, people are thinking "they know something" youtu.be/RLySXTIBS3c?si=W7kEJSteQ4zgqfW8
Ghi chú
stops destroyed on NQ I believe it will reverse. Ghi chú
how bout that Ghi chú
if correct tomorrow will gap down hard but it may be near support in which case it's a buy. Ghi chú
good morning, we had a sell off overnight but we're experiencing a substantial bounce from the overnight lows. This doesn't bode well for a C of B which should just sort of melt down with little bouncing. If it isn't C of B then we have to consider one more low (wave 5) is developing. As I said yesterday, there are still many traders expecting a bounce. RTY has already made a new low overnight while the other indexes haven't, so we may have to go down to 4180-60 after all into Halloween. I will update today when ( or if) we get to support.
Ghi chú
Nasdaq should get just a wee bit higher before the bulls trapped from yesterday start selling it. This looks like a 1-2 of wave 5. Ghi chú
if this is 5th wave, here's a sketch of the NQ structure. Ghi chú
i'm seeing the potential for a rally this morning, I think it will fail and fail hard.Ghi chú
Something like this is possible, be aware. Ghi chú
SPX bear flag broke - 4200 next Ghi chú
letting it ride - if this is 3 of 5, today will be very little bouncing. EnjoyGhi chú
they are at structural support, but unless they get over 4230 this is bearish and this support will break. On spx cash the target is 4180 (double bottom) Ghi chú
see you later, out for a few hoursGhi chú
took off some in case I'm wrong and this will rally. just in case.....Ghi chú
Well that support level from yesterday is holding strong and this bounce is a LOT more than I expected. If they keep going we're going to 4300, I've stopped out of the runners already. A break below today's low is VERY bearish but I don't know if that is going to happen. A quick C wave up in a day could be unfolding like so ---Waiting to see how the pullback looks here.....Ghi chú
5 minute chart can certainly be an impulse wave. C wave up to 4300 possible, waiting for a pullback then I'll try long instead (with tight stop)...... Ghi chú
attempting long here, if I get stopped out I will reshort under today's the low Ghi chú
if they get over today's high, the C wave is probably playing out. Today's low may be it for a few days.....I will keep checking.... Ghi chú
bulls want 4210 to hold that's really the dividing line here. Ghi chú
a stab through of 4210 may happen just to make another trap. Under 4200 and it's bearish, right now undecided. I'll check in later, I have things I have to do.... Good luck and safe trading!Ghi chú
they are trying to hold this level of 4200, if it breaks we'll get impulsive selling. ok I'm out! Ghi chú
typing from a laptop, 4200 lost - any test of 4200 or slightly above it should be a short opp. I've added some shorts entries in that area, may not get filled.....Right now the C up idea does not look good. Wave 5 is more likely what it is.
Ghi chú
4180 bear flag target reached, could just keep going lower though....Ghi chú
ok back for a little while, there's a channel they are ping ponging. Top of the channel is a short opp until it isn't. A day like today likely keeps snaking down and then at some point the channel breaks down. Doesn't mean it has to do that, but I think that may happen.... Ghi chú
ramped up at close but stopped right at 4200, I expect lower but not a whole lot more. The weekly MA's in this area should hold on even if they get through them a bit... Ghi chú
there's going to be a day - this week or probably next where the market goes into full panic mode, that's what I'm waiting to see for a bottom. This selling is very organized stillGhi chú
if it's a head and shoulders target of 4060, this may be the structure. A lof of people are seeing the channel, but the expanding channel I don't think many are noticing.....Ghi chú
put/call is now getting respectable. I spike above 2 is usually a time to start thinking long. Ghi chú
Good morning, we're at the channel trendline, so it could be a consolidation type of day. A break below 4140 and any retest of the channel area would be another short opportunity. Although targets are hit on spx, the SOXX etf hasn't hit my bear flag target of 420, so I'm watching for that area, will update. Ghi chú
i'm shorting USOIL, the consolidation broke, retraced and now it's starting to waterfall. The target is 72. Small bounces will likely be sold into. Should be a big move.... Ghi chú
on relentless downtrends like this - watch the 5 minute RSI, When it gets overbought it may stay overbought for a bit but eventually you get a sell down. We're at a hot 5minute RSI reading here on NQ. It could go higher for sure, but it's worth watching for entries... Ghi chú
they are likely going to push the open up, but I think it fails. Good luck!Ghi chú
nq to trendline Ghi chú
short entry here, if I'm wrong I will stop out with a loss but not too big. I won't touch the position today as I think today could start the panic selling.Ghi chú
it's going higher to take out stops and convince bears to stop shortingGhi chú
gap open on futures at 4211, still could get thereGhi chú
US OIL - good short entry possible here Ghi chú
channel target on nq is around 14100ish, and it looks like it may complete 5 waves. Just be aware that we may bounce from that level. GOod luck, I'm out for the day . Ghi chú
objective short here, Looks like 1-2 right now. Could be wrong, tight stopsGhi chú
Ghi chú
oil shouldn't go higher according to the structure. Tight stops. Ghi chú
ok they ramped it up, Either it's a C and we fill the futures gap at 4211, or it's just a 1-2 before going lower. Either is possible but regardless, I think the rally will fail. Staying short. Ghi chú
put call down 25 percent, it will tank if they push up for C. Bears have no confidence like the bulls do. Ghi chú
updated chart, I still think mid 4k is the goal. Ghi chú
if oil gets over today's high the analysis is wrong. Ghi chú
I expect panic and the 3 to be finished today, a small bounce for a few days and then next week the final move. Ghi chú
USOIL is following the markets, so if we bounce tomorrow, US oil will invalidate this short and we're looking at an ABC to go up and test the bear flag. Ghi chú
the fact that IWM is strong today also gives me reason to think we bounce tomorrow.Ghi chú
NQ has reached the morning target and will probably go lower, but I don't like the bull divergences I'm seeing on the smaller time frames. A move down from here is likely, but they may reverse anytine, so I'm not going to risk it. Day is over for me - see you tomorrow. Ghi chú
that may be the bottom, I don't know. Bulls want to see that low hold and start getting a squeeze going into day's endGhi chú
if it gets under, more downside into end of day - good luckGhi chú
hi this looks like 4, not an impulse. Selling into end of day is very possible. Ghi chú
no sorry this is too big for 4 , so the correction/bounce has started most likely. Ghi chú
new video, I will update from there until end of week.... 
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