SPX - overview for the week of 7/23
Just the SPX and my thoughts on what may happen this week. FOMC on wednesday and PCE on friday so please be cautious before events like that.
Note
nasdaq close to an hourly trendline and already showing bull divergenve on the hourly. another low and then bounce seems to make sense for overnight Note
Good morning, no sell off overnight. Looks like we may push up and then fall. It might be very choppy until FOMC so a scalping market might be the way to play it.Note
a break down at open would probably be a trap Note
right now this looks like an ABC, if so, target 4500 area....Note
tech can come down more, but the gap may be support. 2hr rsi is very low. Note
yes, tech is likely going to bounce hard, probably outperform. The market is going to get squeezed today Note
15 minute rsi pointing to one more low. Note
selling may get intense, but I see this - qqq Note
still looks fine for one more low. A premature break of the upper red trendline would be bullish. Note
watching this lower trendline for a breakdown - qqq Note
objective short for qqq, could be a false breakdown so stops closeby Note
at the apex of both lines Note
redline broke, but orange hasn't. I think it's trap but we'll see if buyers can push it. Note
SPX nothing has changed, still looks like B with C next. Note
SPX will likely close at the highs today but I believe it's a bull trap. Note
QQQ broke wedge and retested it. It's an objective long entry. I thought it was a false breakout, but it certainly can be this sell off is a bear trap and tomorrow we gap up esp on tech. Note
nq popped up overnight, but a move down before a larger move up looks possible, same with spxNote
spx at horizontal support. Small time frame rsi quite oversold, expecting a bounce and/or rally at open. Note
could be ABC on QQQ - Note
watch for possible head and shoulders here - Note
NQ structure I'm watching. Still thinking we're in B with C next. Tech should outperform some more. Note
if it's a bear flag, the target is about 4550, then we'll see how the rsi looks. Note
this could be wrong, but smaller RSI needs to be reset. Part of the larger B wave before C. I will be away today, don't forget FOMC at 2pm. Note
this is spx, but QQQ will move similar. THis is what "i think" is coming into and after fomc. Just an idea before I'm out for the day, fwiw - Note
Good morning, the C wave on tech started overnight. Hard to say exactly where this ends, so be careful. I prefer collecting shorts slowly during the day. SPX also now near it's monthly BB target. Note
Weakest index should be IWM, followed by SPX and NQ. TEch should stay strong for a little while longer, while IWM falls more than the others. Note
C wave on SP - Note
trendline break, looks like it's done. should bounce a little but I think it keeps going down. to 4500 area if correct 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.