SPX target @ 4230

https://twitter.com/CosTes_trading/status/1653408312530984966?t=PWiMbfwZGVhZ5tiiA-hghg&s=19

SPX minimum target projected to 4281 cash (by June 24th)

 SPX minimum target projected to 4281 cash.

As shown in below 4Hrs chart:

MEJT forecst for June 16th - Calls for a possible market top

 

Watch for the FOMC meeting

S&P500 today's target - June 15th 2021

 Hello traders,

it was a long time since last I posted here....

Let's recap.

Today's target for the SPX: 2463.4

https://www.tradingview.com/chart/SPX/sPXpLNR2-Target-at-2463-4-by-today-June-15th/

Happy trading ;o

Tom Demark analysis

 Pay attention to the maestro, Tom Demark.

MEJT seminar by Jeffrey Tennant - 23 September 2020

 Hello traders,

there is scheduled a webinar for those who have read J. Tennant book: "The MEJT system".

The webinar registration fee is $57 USD and will start on September 23, 2020 5 minutes after market closing bell.

Webinar registration is at the following web address:

https://us02web.zoom.us/webinar/register/WN_pZkzLhzTSYSS2wV8SRUv6Q

Here is the announcement on YouTube (from 24 seconds into the video) :

https://youtu.be/CCEEQ4t9b2w?t=24

MEJT

MEJT predicts huge move from Monday August 31th

 Interesting times ahead!

https://youtu.be/VSjq7Xdmnvk

I have noticed that often 13 higher close (modified TD combo) marks a top and are followed by a sell-off.. So I'm expecting that the big move on Monday will be on the downside:

Also we have a TD Combo on 2Days chart:

I think the following scenario is most likely:

Week-end update - Sunday, August 23rd 2020

Hello traders,

The bull train continues slowly higher. Next target is @ 3460SPX 

Looking at the weekly chart, I notice a TD trend-line projection up to 3460 SPX.

Also we have completed bar no. 7 of a TD sell setup on the weekly.

Furthermore, on the same chart, I notice we completed bar no. 12 of a TD Combo sell.

All this indicating further strength and higher targets.

Looking for 3460 SPX by early September.

The weekly DOW (DJI) charts shows a price target projection up to 29470, that is a price target 5,5% higher from Friday's close:

Trade well ;o

Some charts to justify why I'm bearish

Hello traders,

I prefer the bullish side of trading as it is much easier to time market bottoms than market tops. 

We have now reached a price level where I cannot just ignore what charts are foretelling. 

I think we are inn for a second leg down of this recent correction (wave C) and that this should start today or by Monday. This could be a quick correction that ends by this month of August.

Please comment below your view and ideas...

Trade well ;o

VIX ready for take off... - #VIX chart https://t.co/RyzB9BGUUa

— SP500daytrader (@CosTes_trading) August 7, 2020

TVIX ready for take off... - #TVIXF chart https://t.co/7XGrQZEtnb

— SP500daytrader (@CosTes_trading) August 7, 2020

 Lots of MEJT targets below, waiting to be filled... lowest at 2768.30 SPX:

Short term trades - TZA and FAZ

TZA target 18 USD by Monday - #TZA chart https://t.co/BwpX4EDrZr

— SP500daytrader (@CosTes_trading) August 5, 2020

FAZ to 18USD by early next week - #FAZ chart https://t.co/10HKVDIUQ9

— SP500daytrader (@CosTes_trading) August 5, 2020

New TD combo sell signal on lower SPX time frame

Sell signal on 4 hr SPX - prepare for waterfalls - #SPX chart https://t.co/xJBpi0YfC6

— SP500daytrader (@CosTes_trading) August 5, 2020

NIFTY - next target at 10410

My previous projection for NIFTY printed the very next day.
New projection is at 10410..... Sell NIFTY for over 6% profits!

Happy trading ;o

NIFTY - next target at 10410 by SP500daytrader on TradingView.com

Sell off starting today

TD Combo sell signal effect has started simultaneously on many index:

Down we go!

Trade well 😎

NASDAQ100 index - triple top

NASDAQ is at weekly sequential bar 9, and on daily chart has formed a triple top.

On 4 Hr chart and 1 Hr chart the index is now forming TD Combo sell signals.... these are very powerful signals when they appear parallel on multiple index and time frames.

NASDAQ Daily chart

NASDAQ Weekly chart

Volatility is back ;o

Notice how the 5 minutes bars are getting longer especially the red ones 😎

Closing the gap @

Trendline projection is suggesting that we will close the gap @ 3337,73

NIFTY 50 projection printed already...

Nice 😎

...check out this projection I posted yesterday!

Sell Nifty - minimum target 10880 by SP500daytrader on TradingView.com

Correction

Hi traders,

I had a wrong TD Combo sell count on my last blog post with tiltle " Strong correction into full moon 3 - 4 th of August"

The chart shows there a no. 13 TD Combo but should have been a no. 12.

In fact no. 13 is printing today as I'm posting this.

In fact, TD-combo sell signals are now forming on 4 hr charts and daily charts (observed on SPX and NASDAQ).

VIX touched lower Boolinger Band and should be soon ready for a reaction upwards.

Today we have a full Moon. Notice what happens each time there is a full Moon:

DJA weekly chart with target down more than 11%

DJA weekly chart with target down more than 11% by SP500daytrader on TradingView.com

Watch out below! It will come down to target very fast.

Strong correction into full moon 3 - 4 th of August

Watch out below!

Strong correction to SPX 2900 level is expected for next week.

Trade well ;o