Market correction prior Xmas rally

SPX daily chart

A "refueling" sharp correction is expected during the next few days before the index resumes a Xmas rally to new all time highs.







https://twitter.com/CosTes_trading/status/1196066697846771712

SPX trading pattern prediction - Thursday, Mai 2th 2019

SPX trading pattern prediction valid for Thursday, Mai 2th 2019

Tomorrow's pattern is expected to be the one with an early low and a late high. The early low expected at around 10:30 and most of the time followed by a rally to closing bell, ending at the highs of the day.

Trade well ;o

Here follows some typical trading chart patterns applicable for tomorrow;

Expected trading pattern for SPX, Monday April 29th

Expected trading pattern for SPX, Monday April 29th

Monday's pattern is for the most of the times a trading day with an early high (around 10 am) followed by a decline to a low at around 12pm then a rally to a lower high at closing bell.

Trade well ;o

Here some examples. The last chart shows the less common variant of Monday's pattern.

#SPX - Expected trading pattern for Thursday, April 25th

Hello traders,

Yesterday's pattern prediction for today was quite spot on:
Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

And here is what we got: 👍👍👍👌

We did really good at the trader's chat room today 👍👍👍👌
Join us tomorrow for further profitable trading calls ;o
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Expected trading pattern for April 25th

Tomorrow's pattern is the one with an early low and a late high.
From the early opening low (does not mean we won't gap up first) we rally up to a high at around 12 / 12:30 pm. 
Then a short rally to a high at 1 / 1:30 pm followed by decline to 2:30 / 3 pm so a rally to higher closing price.

SPX - pattern for trading Wednesday, April 24th

Hello,
no comments or recap about the pattern for today, we have got the extreme opposite of what was expected and posted in this blog. We did better forecasting during today's trading on the traders chat-room.
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Tomorrow's pattern is the one with an early low and a late low.
From the early low we rally up to a high at around 12 / 12:30 pm. From that high we shold decline into a lower closing price.

Today, we closed the gap on daily chart from October 3th... we should see some strong resistance at this level and make a turnaround ;o
Trade well!
;o

SPX - Expected trading pattern for Tuesday, April 23th

Let's first recap today's chart and compare to the predicted pattern:

Monday pattern is the one with an early high at around 10 am, selling until around 10:30 followed by a rally until around 11:30 / 12pm. 
During the afternoon could be mixed with lower prices but also rallies until 3pm, last hour trading is characterized by sell pressure.  

Green part of the prediction turned out to be right while in the last hour trading we have seen that bulls was in charge.
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Expected trading pattern for Tuesday, April 23th

Tomorrow pattern is expected to be the one with an early high and a late low.
Tend to be often (not always) a weak day and tomorrow can be a sell off day. I expect a sell-off to a low at 2pm, rally to a high at around 3pm and new decline to a low into closing bell.

Some actual examples:

SP500 cash - expected trading pattern for Tuesday, April 16th

End of trading summary for today, Monday, April 15th:

Pattern prediction for today SPX trading, was as follow:
"The chart patterns shown below are valid for Monday's SP500 cash session trading, all seems to show an early high and late high, usually a wishy-washy day.My expectation is something more similar to the last chart here below, the one showing an early high followed by a decline to around 1pm and rally to a high at closing bell.The reason for a bearish sentiment is due to sell signals I see on daily chart."

And here follows today's chart right after closing bell.
We can see here as predicted, an early high and a late high.
We had also a decline to a low at 12:10 followed to the expected rally into closing bell.
Amazing! ;o

Expected trading pattern for Tuesday, April 16th 

Tomorrow we can expect trading to start with a move down to an early low, from 10:30 to 11 am a change in trend that brings the index up to a high around 1pm followed by a move to a low at around 2 or 2:30 pm then a rally to a high at closing bell.
Trade well and put always first your protective Stop Loss! ;o

Following charts represent similar patterns to what we can expect tomorrow:

Check out 8 Minute TopstepTrader Video 

S&P 500 prediction for trading Monday April 8th 2019

SPX trading pattern for Monday, April 8th / 2019 is expected to be the one with an early low, decline into 10:00, rally to a high at around 1PM, decline to a low at 3PM followed by a rally to closing bell at 4 PM1(14:00).

The pattern described above should be similar to the 2 following earlier trading days: