Trading signals and market predictions for SPX cash sessions. S&P500, E-mini futures, daytrading, SPX, Market forecast.
Sunday, August 23, 2020
Week-end update - Sunday, August 23rd 2020
Wednesday, July 8, 2020
MARKETS APPROACHING A MAJOR CYCLE HIGH
According to Raj times and Cycles we are in for a major cycle high today or tomorrw the 9th of July:
"What's Next: We rally to a July 8-9 major High and start a relatively sharp decline."
http://timeandcycles.blogspot.com/2020/07/july-8-9-is-master-cycle-major-high.html
That seems to be in line with mr. J Tennant bearish expectations for the days to come:
Sunday, June 30, 2019
Bearish Summer Ahead
The S&P 500 is on worrying triple top pattern and is expected to complete a sell setup following a higher weekly bar close with a higher high above 2964.15. This will result in a double sell signal:
- TD Countdown sell
- TD Combo sell
This higher close on weekly bar should complete this week starting July 1th, 2019.
The same triple top pattern is visible also on the Dow Jones industrial average chart. As the middle top is still the higher top, this could be described as Head & Shoulder formation.
Nasdaq Composite index is telling the same story on weekly chart, where it is expected a higher closing weekly bar forming a triple top at 8164 level. That would complete the ongoing TD sell countdown (giving a blue no. 13) in addition to the previous TD Combo sell signal from early May (yellow no. 13).
A TD countdown sell signal is also triggered on the monthly Russel 2000 chart, this signal would be perfected if we trade and cross 1670.805:
Volatility index, TVIX is suggesting a lower weekly bar to complete the buy setup, thus confirming the bearish scenario starting from second week of July:
In the following chart, the German index DAX is at triple top resistance area, on a lesser time frame chart this index is also approaching a sell signal:
Notice how all the above mentioned index shows sharp V formed rallies and none of them has yet retested the lows, a common phenomena to be expected based on historical similar chart patterns. In my opinion, that is where the market will return.
Expect a sharp decline for a retest of early June lows and perhaps much lower!
Trade well ;0
👋
Thursday, June 13, 2019
Short #SPX @ 2892 - time is inn for a correction!
In my last blog post from June 3th, I projected a turnaround and sharp rally from the lows:
For Monday, I expect a gap down and that we print a target down at 2723, from there we start a rally to a target at 2820 SPX, to be reached in few trading days!We rallied to a 2910.61 high after an incredible rally!
My next call is for a correction to start tomorrow Friday, June 14th that should take us down to a projected low @ 2710
The expected decline could be very sharp and faster than the rally from the June 3th low:
Trade well ;o
Join us in SPXChat -- SP500daytrader chatroom: https://
Short #SPX @ 2892 - time is inn for a correction!
In my last blog post from June 3th, I projected a turnaround and sharp rally from the lows:
For Monday, I expect a gap down and that we print a target down at 2723, from there we start a rally to a target at 2820 SPX, to be reached in few trading days!We rallied to a 2910.61 high after an incredible rally!
My next call is for a correction to start tomorrow Friday, June 14th that should take us down to a projected low @ 2710
The expected decline could be very sharp and faster than the rally from the June 3th low:
Trade well ;o
Join us in SPXChat -- SP500daytrader chatroom:
https://
Sunday, June 2, 2019
SPX trading pattern prediction for Monday June 3th, 2019
SPX trading pattern prediction for Monday June 3th, 2019
For Monday, I expect a gap down and that we print a target down at 2723, from there we start a rally to a target at 2820 SPX, to be reached in few trading days!
The following chart shows trading pattern prediction for SPX, we should see an early high around 10 am and decline into a low at 10:30....
MEJT stock market forecast 31 MAY 2019:
SPX trading pattern prediction for Monday June 3th, 2019
SPX trading pattern prediction for Monday June 3th, 2019
For Monday, I expect a gap down and that we print a target down at 2723, from there we start a rally to a target at 2820 SPX, to be reached in few trading days!
The following chart shows trading pattern prediction for SPX, we should see an early high around 10 am and decline into a low at 10:30....
MEJT stock market forecast 31 MAY 2019:
Saturday, May 25, 2019
MEJT stock market forecast for 27 MAY 2019... strong gap up on Tuesday?
A gap up scenario is possible but I'm pretty sure that it would be short lived.
We could have a dead cat bounce up to test the TD trend-line (previous support on daily chart) and then turnaround and dive below 2800!
Risk Off!
Do not make mistakes, lower lows on daily chart are expected.
MEJT stock market forecast for 27 MAY 2019... strong gap up on Tuesday?
A gap up scenario is possible but I'm pretty sure that it would be short lived.
We could have a dead cat bounce up to test the TD trend-line (previous support on daily chart) and then turnaround and dive below 2800!
Risk Off!
Do not make mistakes, lower lows on daily chart are expected.
Monday, April 29, 2019
Expected trading pattern for SPX, Tuesday, April 30th
we start reviewing today's pattern, and the following was expected:
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.
Below is SPX 5 min. chart for today and as we see we had a high after 10:30 am a low at exactly 12pm so we rallied from that 12pm low to a high of the day at around 14:30 then we closed to a lower high: 👍👍👍
Expected trading pattern for SPX, Tuesday, April 30th
Expected trading pattern for SPX, Tuesday, April 30th
we start reviewing today's pattern, and the following was expected:
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.
Below is SPX 5 min. chart for today and as we see we had a high after 10:30 am a low at exactly 12pm so we rallied from that 12pm low to a high of the day at around 14:30 then we closed to a lower high: 👍👍👍
Expected trading pattern for SPX, Tuesday, April 30th
Thursday, April 25, 2019
#SPX chart pattern prediction for Friday, April 26th
Here follows today's SPX 5 min. chart:
Pattern prediction was as follows:
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.
Well... we got that, an early low and a late high (not considering the last 5 min. trading)
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SPX chart pattern prediction for Friday, April 26th
Tomorrow pattern is expected to be the one with an early low from where we rally to a wishy-washy midday high followed by a decline to a low around 2:30 / 3:00 pm then a rally into closing bell to a lower high. Occasionally the pattern could be the one from an early low to an all day rally ending at higher high.#SPX chart pattern prediction for Friday, April 26th
Here follows today's SPX 5 min. chart:
Pattern prediction was as follows:
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.
Well... we got that, an early low and a late high (not considering the last 5 min. trading)
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SPX chart pattern prediction for Friday, April 26th
Tomorrow pattern is expected to be the one with an early low from where we rally to a wishy-washy midday high followed by a decline to a low around 2:30 / 3:00 pm then a rally into closing bell to a lower high. Occasionally the pattern could be the one from an early low to an all day rally ending at higher high.Wednesday, April 24, 2019
#SPX - Expected trading pattern for Thursday, April 25th
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 - Expected trading pattern for Thursday, April 25th
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.