SPX 500 - more whipsaws possibly on the menu
Diupdate
All in the video. I'm not sure the B wave is done, this looks like a suckers rally right now. Bullish into the end of the day is probable but tomorrow a gap down may occur - good luck!
Catatan
one more move up and the B of B should be done. Catatan
watch out for this, B waves should have 3 parts, so ramp into close is likely if they sell it first.... Catatan
right now, people are thinking "they know something" youtu.be/RLySXTIBS3c?si=W7kEJSteQ4zgqfW8
Catatan
stops destroyed on NQ I believe it will reverse. Catatan
how bout that Catatan
if correct tomorrow will gap down hard but it may be near support in which case it's a buy. Catatan
good morning, we had a sell off overnight but we're experiencing a substantial bounce from the overnight lows. This doesn't bode well for a C of B which should just sort of melt down with little bouncing. If it isn't C of B then we have to consider one more low (wave 5) is developing. As I said yesterday, there are still many traders expecting a bounce. RTY has already made a new low overnight while the other indexes haven't, so we may have to go down to 4180-60 after all into Halloween. I will update today when ( or if) we get to support.
Catatan
Nasdaq should get just a wee bit higher before the bulls trapped from yesterday start selling it. This looks like a 1-2 of wave 5. Catatan
if this is 5th wave, here's a sketch of the NQ structure. Catatan
i'm seeing the potential for a rally this morning, I think it will fail and fail hard.Catatan
Something like this is possible, be aware. Catatan
SPX bear flag broke - 4200 next Catatan
letting it ride - if this is 3 of 5, today will be very little bouncing. EnjoyCatatan
they are at structural support, but unless they get over 4230 this is bearish and this support will break. On spx cash the target is 4180 (double bottom) Catatan
see you later, out for a few hoursCatatan
took off some in case I'm wrong and this will rally. just in case.....Catatan
Well that support level from yesterday is holding strong and this bounce is a LOT more than I expected. If they keep going we're going to 4300, I've stopped out of the runners already. A break below today's low is VERY bearish but I don't know if that is going to happen. A quick C wave up in a day could be unfolding like so ---Waiting to see how the pullback looks here.....Catatan
5 minute chart can certainly be an impulse wave. C wave up to 4300 possible, waiting for a pullback then I'll try long instead (with tight stop)...... Catatan
attempting long here, if I get stopped out I will reshort under today's the low Catatan
if they get over today's high, the C wave is probably playing out. Today's low may be it for a few days.....I will keep checking.... Catatan
bulls want 4210 to hold that's really the dividing line here. Catatan
a stab through of 4210 may happen just to make another trap. Under 4200 and it's bearish, right now undecided. I'll check in later, I have things I have to do.... Good luck and safe trading!Catatan
they are trying to hold this level of 4200, if it breaks we'll get impulsive selling. ok I'm out! Catatan
typing from a laptop, 4200 lost - any test of 4200 or slightly above it should be a short opp. I've added some shorts entries in that area, may not get filled.....Right now the C up idea does not look good. Wave 5 is more likely what it is.
Catatan
4180 bear flag target reached, could just keep going lower though....Catatan
ok back for a little while, there's a channel they are ping ponging. Top of the channel is a short opp until it isn't. A day like today likely keeps snaking down and then at some point the channel breaks down. Doesn't mean it has to do that, but I think that may happen.... Catatan
ramped up at close but stopped right at 4200, I expect lower but not a whole lot more. The weekly MA's in this area should hold on even if they get through them a bit... Catatan
there's going to be a day - this week or probably next where the market goes into full panic mode, that's what I'm waiting to see for a bottom. This selling is very organized stillCatatan
if it's a head and shoulders target of 4060, this may be the structure. A lof of people are seeing the channel, but the expanding channel I don't think many are noticing.....Catatan
put/call is now getting respectable. I spike above 2 is usually a time to start thinking long. Catatan
Good morning, we're at the channel trendline, so it could be a consolidation type of day. A break below 4140 and any retest of the channel area would be another short opportunity. Although targets are hit on spx, the SOXX etf hasn't hit my bear flag target of 420, so I'm watching for that area, will update. Catatan
i'm shorting USOIL, the consolidation broke, retraced and now it's starting to waterfall. The target is 72. Small bounces will likely be sold into. Should be a big move.... Catatan
on relentless downtrends like this - watch the 5 minute RSI, When it gets overbought it may stay overbought for a bit but eventually you get a sell down. We're at a hot 5minute RSI reading here on NQ. It could go higher for sure, but it's worth watching for entries... Catatan
they are likely going to push the open up, but I think it fails. Good luck!Catatan
nq to trendline Catatan
short entry here, if I'm wrong I will stop out with a loss but not too big. I won't touch the position today as I think today could start the panic selling.Catatan
it's going higher to take out stops and convince bears to stop shortingCatatan
gap open on futures at 4211, still could get thereCatatan
US OIL - good short entry possible here Catatan
channel target on nq is around 14100ish, and it looks like it may complete 5 waves. Just be aware that we may bounce from that level. GOod luck, I'm out for the day . Catatan
objective short here, Looks like 1-2 right now. Could be wrong, tight stopsCatatan
Catatan
oil shouldn't go higher according to the structure. Tight stops. Catatan
ok they ramped it up, Either it's a C and we fill the futures gap at 4211, or it's just a 1-2 before going lower. Either is possible but regardless, I think the rally will fail. Staying short. Catatan
put call down 25 percent, it will tank if they push up for C. Bears have no confidence like the bulls do. Catatan
updated chart, I still think mid 4k is the goal. Catatan
if oil gets over today's high the analysis is wrong. Catatan
I expect panic and the 3 to be finished today, a small bounce for a few days and then next week the final move. Catatan
USOIL is following the markets, so if we bounce tomorrow, US oil will invalidate this short and we're looking at an ABC to go up and test the bear flag. Catatan
the fact that IWM is strong today also gives me reason to think we bounce tomorrow.Catatan
NQ has reached the morning target and will probably go lower, but I don't like the bull divergences I'm seeing on the smaller time frames. A move down from here is likely, but they may reverse anytine, so I'm not going to risk it. Day is over for me - see you tomorrow. Catatan
that may be the bottom, I don't know. Bulls want to see that low hold and start getting a squeeze going into day's endCatatan
if it gets under, more downside into end of day - good luckCatatan
hi this looks like 4, not an impulse. Selling into end of day is very possible. Catatan
no sorry this is too big for 4 , so the correction/bounce has started most likely. Catatan
new video, I will update from there until end of week.... 
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