$SPX Levels: - 5600 Call Wall - 5562 Gamma Flip, also where the Anchored VWAP from ATH is - 5400 Put Wall (break below, and we see 150-200 points lower)
$SPY level to watch tomorrow is 535.30, and a hold or break 544.25 in the morning. Bullish if 544 SPY is holding in first 2hrs of the session, berish if below
$SPX Levels: - 5600 Call Wall - 5562 Gamma Flip, also where the Anchored VWAP from ATH is - 5400 Put Wall (break below, and we see 150-200 points lower)
$SPY level to watch tomorrow is 535.30, and a hold or break 544.25 in the morning.
$SPY 1h, closed above 200MA A place where it must hold for the bulls in case of a trend change. A gap down or a close below 200MA tomorrow will be a rejection of a breakout. #Stochastics is in the extreme zone, while MACD and RSI are in the bull zone, which can get a cross fairly quickly if there is a gap down open tomorrow.
The bulls have a shot here, and if they fail, it will be a sizable drop here…
Can they close the $SPX gap or it will be a shooting star daily closing today?
Daily #cycles for tomorrow have a directional change day (I think it will be a continuation of today’s closing trend) and highest daily and overnight #volatility bars I can get.
#Trump speaks after the close, rumours that he will keep 60%, but what if that number is 64 instead of? Number 4 is a very unlucky number in Chinese culture. And he kept hitting them with that death sentence number over and over again.
#TariffWAR will NOT settle quickly, trade the charts and not emotions!!!
Next major buying opportunity is May 12-19th, then 🚀
BTW, China didn't comment a thing about what Trump just said recently.
Let us wait for the Chinese markets to open and for the officials to comment. If they say no progress was made in the negotiation, we might open red tomorrow.
So much for the #volatility these days. Watch for the #ES_F 1h candle close in the next 7 min.
BTW, China didn't comment a thing about what Trump just said recently.
Let us wait for the Chinese markets to open and for the officials to comment. If they say that no progress was made in the negotiation, we might even open red tomorrow.
So much for the #volatility these days. Watch for the ES 1h candle close in the next 7 min.