S&P500 - Prepare for the bears next week

Expecting a final push towards 2070 - 2100 region on SPX500 ahead of a decline towards 1900 eventually. Book partial profits at 2010 - 2000 and move to BE.

On the flipside, as noted, only a 'CLOSE' above 2106 - 2100 will invalidate the short set up. Expect to see spikes to this level if price doesn't start its descent already ahead of the Dec 16th FOMC Meeting.

Dagangan aktif:

Move to break even. Need a break below 2010/2020 support for a decline lower. Else, there could be a bounce back to 2060

Dagangan aktif:

Book partial profits and move stops to break even. Expecting a bounce off the current levels.

Dagangan aktif:

SPX is slowly moving upwards as anticipated. A close above 2024/25 will see a test to 2046/45 region. A close above could be bullish with a test to 2065 where the last support was formed before prices turned lower last week. So 2065 is a great level to watch for a reversal (H1 or H4 doji would be perfect there). If we do find a reversal near 2065, SPX could be looking to a prolonged decline down to 2000 and 1880 eventually.

A close above 2065 however could see a continuation to the upside. So trade management would be essential here.

Good luck!

Komen:

Price eventually managed to move higher during the NY session yesterday. 2050 looks like an inevitable retest. Shorts still in play but as noted, at break even. A short term long on the intraday dips should offer some quick profits to 2046/2050 zone. Price above 2050 and below 2070 could mean trouble and should be used to exit all short positions.

Komen:

Exit at 2030.. Makings of a Santa rally and a potential inverse H&S pattern shaping up!

Komen:

Potential medium term scenario that could be worth keeping an eye on