SPY - And now...

Something completely different?

SPX - After 1375...

As a reminder (read more here "The end"):

"First target around 1375 and second is... Well, we will get back to these charts if price tests 1375 or 1437"

4th November SPX @ 1414.20

As expected, price tested 200 days e.m.a.. Price action after that test was strongly bearish: a week trading around 1375 incapable to get back on track.

If price can´t get back above 1375/82 one should expect the index to give up all his gains for the year and trade under 1270. This is the second target. Back to the formula if SPX closes 2 days above 1382 or under 1270.

One small alert, SPX have an important support around 1345/52, which can always get the bulls back on his feet again, at least for a while!

K.I.S.S. -"Keep It Simple (and) Stupid" 

SPY above 142.24/8

Dangerous day, as we have pay-rolls, price is under 21 day e.m.a. but above last week consolidation.
Weekly charts are still on "building long term top", but ST is the key for "P/L action"...

SPY - A clear break down, but...

I really don´t think its another (bear) trap (Weekly chart). In the meanwhile, watch for a short term up move if SPY holds above 142.25...

Under 141.92 expect further weakness and possibly a test to 140.35 or even 139.1, this week!

SPY - Bearish bias

Double top?

Under 143.30 i will sell any rally, targeting 140.35 and then 200 days e.m.a. (Friday at 135.75).

QQQ - Under 67.06...

Two scenarios:

- Price regains 67.06, i will stay neutral and will wait for a short term bounce.

- Price will not hold above 67.06, i will sell any rally in any time-frame, targeting 65.5 and 64.35.

S&P500 - 1430 tested, now 1396?

As said during the week trading days, i am bearish in all time-frames with SPX under 1430.
Market is also short term oversold, which might let the bulls fight back a bit... Above 1430 expect 1444 or even 1451...