SPX is at Very Very Very Dangerous zone!

Oct 9, 2022

Hi everyone,

Im on vacation from Sunday to next Sunday, but I will be trading and will be still posting updates.

I dont want to call for a crash here, chances for it are super slim.

Any trade must be protected with a stop and only you as a trader can make the decisions on what to do with the information you're getting.
Must do is your own homework!
Again do not mortgage your house and go all in as this can be a very well one big bear trap!

Im looking for that final move to be over by end of Oct or early Nov regardless. (updated about this last week Thursday or so)
My target zone is 34 handle by the time window outlined above with ideal target being 32 handle.
Below it, the markets are in real troubles!

Can it be a crash, I don't know, I'm too far out to predict such things.

Here is my quick but important update:

- I wont rule out another low on Monday am and in fact I will be shorting on Sunday if we get a bounce.
- That low can be lower 52 week low or just 3610SPX test

Levels of importance
- 3640.50 (again)
- 3610, below this level comes
- 3550-40
- 3511
- 3480-85 all SPX

Resistance is at 3735-45; 3775-85

Here is my 1h chart


On this chart I have outlined support levels, when/if broken you know whats coming next!

IF we get a strong rally into Wed, I will not be holding longs at all, line none! I will only do options (puts) on what Im ready to loose.

So here is a clue to how low this can fall in a very short time:
- check the fibs from the low of 2009 to the high this Jan, check where is 78.6% retracement is

Oct 9, 2022

Note

I will be updating level on Monday after I see signs of the bottom.
Also will be going long for a mid week rally.

Oct 10, 2022

Note

Hi everyone, I have finally settled, it was a very long 18.50hrs total travel time for my wife and me, super tired now.

I have a lot of confluence at 3515-30 level with 3580 being a medium support which probable wont hold if tested.

I have shorted this move up AHs and will cover early am.

In idea we should be done with the whole move first 30min to an hour after the open tomorrow. Will it do what I think, I have no clue, its my observation here based on few tech analysis.

Have a good night, next week will be super interesting!

Oct 10, 2022

Note

Also important supports are at 3647 and 3610SPX.
Below second number we will see mid 35 handle quick!
Those numbers should help you to navigate tomorrow

Oct 10, 2022

Note

Below 3610SPX, should see mid 35 handle before reverses imo
The gap should be close regardless of the low is what Im thinking is happening today.
Would be great to close at 3610 for a big rally tomorrow

Oct 13, 2022

Note

First stop is 3400