Short #SPX @ 2892 - time is inn for a correction!

Short #SPX

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

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SPX trading pattern prediction for Monday June 3th, 2019

SPX trading pattern prediction for Monday June 3th, 2019

Hello traders,
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....

Remember, that this indicates high and lows in time and not magnitude.

Happy trading! ;o

MEJT stock market forecast 31 MAY 2019:

[youtube=https://www.youtube.com/watch?v=-EncFHA7b5U&w=320&h=266]

SPX trading pattern prediction for Monday June 3th, 2019

SPX trading pattern prediction for Monday June 3th, 2019

Hello traders,
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....

Remember, that this indicates high and lows in time and not magnitude.

Happy trading! ;o

MEJT stock market forecast 31 MAY 2019:

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;

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, Tuesday, April 30th

Hello traders,

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: 👍👍👍

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Expected trading pattern for SPX, Tuesday, April 30th

Tuesday pattern is expected to be the one with an early high at around 10 am followed by a decline to a low at around 10:30/11 am so a rally to 11.30/12.

From 11:30 we see a decline to a low at 13:30.

From 13:30 low we have 2 options:

1) rally into closing bell

2) continue the decline into closing bell.

Trade well ;o

Here follows some similar 5 min. chart pattern for SPX:

Expected trading pattern for SPX, Tuesday, April 30th

Hello traders,

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: 👍👍👍

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Expected trading pattern for SPX, Tuesday, April 30th

Tuesday pattern is expected to be the one with an early high at around 10 am followed by a decline to a low at around 10:30/11 am so a rally to 11.30/12.

From 11:30 we see a decline to a low at 13:30.

From 13:30 low we have 2 options:

1) rally into closing bell

2) continue the decline into closing bell.

Trade well ;o

Here follows some similar 5 min. chart pattern for SPX:

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 chart pattern prediction for Friday, April 26th

Hello traders,

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 - 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 - 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:

The power of number 13!

Hello traders,

hoping you are enjoying your long Easter weekend.
I am always fascinated about the power of no. 13!

So I would like to stress how significant are the latest exhaustion sell signals I posted on this blog concerning SPX, DAX and other financial instruments....

Most are related to completion of this TD Combo variant that I have most faith in.
Here follows another example of this , where we see the SPX 3 days chart has just completed 13 off higher closing bars since starting the first TD sell setup.

On the following link to a chart I posted on Tradingview, January 2th, 2018 was a market prediction warning of a significant correction following the completion of this bar no. 13 on monthly chart.... Click the play button to see what happened since that prediction... yes! a whopping 500++ points correction on the following month of February!

https://www.tradingview.com/chart/SPX/tOH3Xpgo-SPX-This-is-it-market-due-for-significant-correction/

#SPX - This is it, market due for significant correction. by SP500daytrader on TradingView.com


Trade well ;o

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 cash trading pattern prediction for Friday, April 12th, 2019

Predicted pattern for today, Thursday the 11th of April was the following:

"The expected pattern is the one with an early high (not considerable gaps observed), followed with lower highs into closing bell... tend to be a negative day"

And here follows today's chart with the early high with lower lows a negative day for most of the trading day but we managed to close UNCH.

S&P 500 cash  trading pattern prediction for Friday, April 12th, 2019

Tomorrow's pattern is expected to be the one with an early high and a late high.

It tends to be a strong rally day if it opens with a gap up (that is what I expect).

Here follows some typical charts with patterns valid for tomorrow showing early high and late highs:

What'd You Miss from yesterday