SPX Weekly RangesHere are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...)
We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending on confirmation from Futures ).
We do NOT sell fixed Deltas for our credit spreads, but rather utilize the data driven from our volatility algo for the specific Index (primarily SPX ).
The PVI Weekly SPX Credit Spread portfolio is up just over 47% YTD with 20 straight weeks of profits and zero drawdowns. The ranges have been breached 3 times since the start of 2021 (by an amount greater than 10 SPX points). The system is NOT designed or programed to be perfect, it is to provide us with the most competitive SPX weekly Range with the highest VALUE between Premium & Expectancy
Spxanalysis
SPX Updated Thoughts 5/19/22I am continuing my bearish sentiment on SPX for now.
Most importantly on this chart is the dotted trendline that shows a support line converting into a resistance line where we are currently
I believe this will lead to bearish results and respect given to the solid downtrend line, finding support once hitting 0.618
S&P LongS&P has hit below its 50 year mean average meaning investors and institutional buyers are going to be delighted to get back into S&P, we're waiting for a higher low to present itself before buying into S&P, Volume flow on the weekly chart has crossed 0 and we're expecting this to now hold above it, Squeeze indicates it is dying out for sells, exciting times ahead if everything goes to plan. We have several TP's set to secure profit but we will be keeping on our buy long term if price reacts the way we hope it to.
GL
US500 LongHey traders, in today's trading session we are monitoring US500 for a buying opportunity around 4220 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
$SPX Correction Level PotentialAsset & equity valuations are elevated across the board given unfettered QE. Loose monetary policy and a dovish Fed are no longer sustainable in the face of rising inflation at levels not seen since the late 1970's.
Major SPX retracement levels since 2020:
1. dot.com bubble realized >50% retracement
2. 2008 housing bubble realized >57% retracement
3. 2020 pandemic realized >35% retracement
Bringing these levels forward, SPX has realized nearly 15% correction from ATH... further correction is likely.
Given 3 previous corrections, this gives approximate correction targets of:
1. 35% retrace: 3140
2. 50% retrace: 2400
3. 57% retrace: 2050
S&P 500 A study of Market Cycles: Will History Repeat Itself?This video is a study of the history of The stock market when it comes to bull cycles and consolidation/ranging periods, which I think is a very educational thing to investigate in a period of market correction like the one we are currently living in. Please also refer to the Important Risk Notice.
SPX - Relief rally soon? Key highlights:
1. Bounced off weekly demand
2. Closed just above 50MA on weekly
3. Bounced off weekly support level
4. Formed a high volume Hammer on weekly
5. Formed a bullish engulfing on daily
6. Trying to reclaim 200MA cluster
7. RSI oversold on daily and is curving back upwards.
Conclusion : Expecting a relief rally in the coming week.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
SPX's William % & Stoch weekly conflicting results !!!I could not find a set-up for both indicators ? for tops they both can stay up their hitting the Roof for months !!! .
it is like a dog chasing his tail !!! literally . For bottoms William is much better in searching for one. but, as usual
it gives quite early signal !!! which make it risky if used alone and quite frankly you could get caught in the middle or miss !!!
wish u all the best.
$SPX possible ABC correction $SPX hit a rejection at the 0.702 retracement fib 4745 and potential could be in an ABC correction that could be the start of a larger selloff down to 4400 eventually. $SPX is now currently battling the 4645 area, a break above 4650 should take it to 4700 next where it’ll face resistance and likely resume a downward trend. $SPX breaking above 4745 will invalidated the bearish setup
SPX & OCTOBER 1995-2020 60 % DOWN 40 % UP WATCH FOR TRAPS !!!This month seems another month of H.V . Also, it seems we can not go sideways either up or down 60 - 40 favoring down side .
Another observation is that more than 15 % we get a trap just around the first 1-9 days +- .
BE SMART NEXT SERVRAL DAYS !? BE NIMBLE ! LOSING AN OPORTUNITY, IS BETTER THAN LOSING CASH :-)
wish you all the best.
SPX Leading the wayAs SPX has been leading the way this week, today was no different. Starting off with some downward pressure seaking liquidity it found some @61.8 level and gave a really nice reaction pushing towards the previous 2 day highs but not closing above. this leads me to believe were going into a bit of a range so im looking for this rally to be short lived and possible downside Thursday. watch for a positive retail sales number as this could drive the price higher.
Interesting correlation between S&P 500 and VIXI have noticed this correlation between S&P 500 and Vix.
1. Whenever there is a spike in volatility and volume, that seems to mark the bottom for SPX.
2. This theory seems to be holding for the last 7-8 months.
3. Currently, we are facing a similar kind of situation. The Vix has spiked and the price is tanking.
4. If the theory holds its value, the bottom may be reached soon.
5. However, this is just a probability like every other theory. Hence, we will have to wait and see it out.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.