Prices are now what may be called quite unfair & extended for the st auctions.

A confirmation is required of either a close below 4447 today or a Chicago session open/offered tomorrow below 4447. A retest of 4338 not ruled out.

Now 4455.

Balance trading conditions right now , mild orderflow, slightly favoring the bull above 4417.

Now 4430.

Next 3-4 hours or so may define the day/next week.

Lot of sleuths 🕵️‍♀️ at the AAPL stores globally , they will begin sending reports from the activity at the retail stores (new iPhone day) .

S&P500 will begin making its main move around 12-1 PM today and set the tone for next 5-10 days.

Folks:

As promised, here are my thoughts 💭 on S&P500:

1. 4308 was my target for a long time since late August around 4550 which was finally met prior week, leading to a sharp buying at my key orderflow level.

2. Looking ahead, 4472 is a key level. Any bullish auctions have to happen above it , not below it.

3. With that said, I expect an early test of 4423 this week and if we close below 4403, we are looking at far lower prices, 4308 and beyond. Now 4455.

4. On flip side, a D1 close above 4472 establishes bullish move, reaching for 4510-4522.

5. Feel free to share this plan with traders like your self.

Good morning folks:

We are about to open, it seems, for Chicago session business around 4390. This is the SOC (scene of crime ) from last week’s disastrous and lie ridden FOMC. We are also now about 100 handles down from my 4472 weekly #orderflow pivot (SOLD WHEN ALL BOT ™️®️©️).

Here’s few thoughts going in:

1. This doesn’t seem to be a technical driven auction. Investigate what’s going on.

2. If it is indeed flow induced swoon, 4390-4403 support may not hold for long.

3. If it folds, we should prepare for an eventual retest of lows from last week 4290-4338. Now 4403.

4. For those favoring bullish auction today, I would say leading stocks MUST step up for bullish action. That means #AAPL bid above and beyond 147-148 (BTW we cut it at 146, stock is now 143). #TSLA bid above 796. This will deflate the bears and add fire 🔥 to S&P500 4510 narrative.

#stocks #trading #markets #SPX #SPY

As expected we are now down into 4350, 60 handles off my AM post.

Powell and Yellen must try harder and lie more than average today for S&P500 to close here around 4350-4361. For if we close below this, high chance imo we trade 4256 by Thursday.

#SPX #SPY

S&P500 settling here comfortably under prior week’s FOMC Scene of Crime (SOC). This emboldens new bears unless we soon close above 4403 (in a day or two).

Risk to downside remains. Key level on downside is 4256. Now 4371.

Very early for orderflow to get bullish now at 4308. Orderflow needs more confirmation.

Participants may buy at 4256 and create a “dead cat 🐈‍⬛” bounce..

However we believe a D1 close below 4256 this week or early next week opens doors to 4080-3996.

When buyers do appear, they will show up on tape/orderflow before they show anywhere else.

Bears can not drop ball here. They can not and must not allow the S&P500 market to breath an inch above 4320. Now 4320.

Tactically inventory may be too short here at 4330

Looks like inventory balanced. Now 4330.

Very good close for bears . If we close below 4330.

Those who bought so close to last week’s lows, not so smart.

Now 4335.

ISM manufacturing up. Market loving it (so far). But construction spending sharply down. Which neutralizes the former. Not sure why the celebrations 😂😂

Be careful at this point I won’t put it past these thugs to cook the ISM and consumer numbers , even lie to support S&P500 here. The plan is to sell to the sheep 🐑 some more.

May be they balance the session out today now only to pull the rug next week. They want 3980. Once we get to 3980, we are in good position to close the year at 3552. Now 4299.

A sharp buying at my 4256 level given last night. Buying intensified as more and more iPhone 13 PRO MAX became available of which I was able to snag one too 🤔

Looking ahead, S&P500 may run into headwinds. Unless we can close out above my 4403, the downtrend is intact. Now 4366.

#spx #aapl #trading #bitcoin #crypto #cryptotrading

Asian markets have opened very strong . I assume due to the new Covid pill 💊 by MERCK. This is leading S&P500 to float too.

However me thinks, it’s just an over hang from Friday.

Real move will come tomorrow morning in Chicago session. Now 4361.

Watch RBA rate decision at 1130 in night . These thugs have been cornered and I doubt they will be Uber dovish. Market expects certain degree of hawkishness. However their tone and degree of hawkishness may set tone of S&P500 later tonight and certainly tomorrow.

Now 4284. If you expect comfort from these thugs CB, you will be disappointed ☹️ .

10/5 plan:

1. Tremendous buying over night due to less than hawkish RBA plus some contrarian signals from FED and Dennis. Now 4315.

2. Looking ahead, expecting a failed breakout of 4320 resistance and fall back in balance for a retest of overnight lows 4268.

Market has disagreed with us and continue to rally past 4320 with only 5 point of failed 😨 breakout …

Now 4356

While tactically short term long on this break, I am not convinced markets will find any relief longer term below 4403. My target is 4256, and after a close below 4256 I expect 3980.

Yesterday was an inside day within Monday which was an inside day within Friday.

I am expecting a 200 point move within a matter of days if/when we achieve a close below the inside zone or above the inside zone. Now 4287.

Yet again orderflow has proven its a superior methodology from my 4356 yesterday. Down now 100 points on 1.5 point MAE. HOD was 4358. In September alone we are down 300+ points when I became super bear 🐻 on close below 4517. I have stayed consistently bear while others flip flopped, killed buying the dip.

If we do not close below 4256 today, we will trade 4600 by November end.

Now 4280.

#ES_F $SPX $NDX $SPY $ES_F