ES we got ABC up from Sunday open, SPX didnt

7 Nov 2022

I posted ES chart on the weekend with the ABC move up, we got that, but didnt in SPX

ES Daily MACD is around 0 and RSI is around 50, no mans land, unless its a retest before more selling.

Im sticking to this chart for now and will add to my short going into tomorrow high (if we wont see one today)
Its a lunar eclipse tonight and elections tomorrow.
This will start moving hard very soon!

Do not force yourself into a trap, wait for a setup and then take it.

Im swing short and have a small protection for a move higher.

7 Nov 2022

Catatan

SPX closing resistance number is 3810.80, closing above can propel us to 3905-10SPX

7 Nov 2022

Catatan

Im buying lotto SPY 400C exp 11/11 in case Trump makes an announcement that he is running in 2024. Tomorrow can be a good gap up if that happens

7 Nov 2022

Catatan

Pure speculation here!

7 Nov 2022

Catatan

The price hit 3814 today, my target was 3815-35SPX, I can say it got hit. Will it get extended, very possible up to 3840. But if higher, then something else is playing out.
Here is a good tweet to read, fits perfectly with what I see
twitter.com/maxjanderson/status/1589701520521842688?s=20&t=IbkPOiWpPlkjmSEEAT5vQQ

7 Nov 2022

Catatan

Im expecting a first good low on the 21-22nd of Nov and then a rally up into EOM and another low before Christmas. I call it Santa Crappy.
After that low we will have 15-20% rally into Jan high and one more lower low (final) by Mar/Apr of 2023, ideally down to 2410-20SPX level, 2855SPX is my min target for the next year

8 Nov 2022

Catatan

ES just got 200MA on 1H and 50MA on 4h charts hit, expect at least a pullback if not more