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The Traders Room

XmanFLX

XmanFL

@XmanFL
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Recent Best Controversial

  • TTR
    XmanFLX XmanFL

    SPX: CPI numbers were ok so markets are up for now. Two choices, one continue up to ATH or can turn later today since now we are waiting for tomorrow's numbers. Either way I follow my levels and a key level is 6,315.


  • TTR
    XmanFLX XmanFL

    SPX analysis: I updated my charts and looked at a few EW counts I keep track besides my weekly wave counts I trade on. The count most accurate so far is when I use the 5408 low (Sep 2024), which is a larger degree count, the levels match every low we had in the last 2 months:

    SPX closing lows: 5,861 5,878 5666

    I haven't seen a double bottom at all in the last 2 weeks, is the opposite, new lows, therefore I'm continuing with the trend downwards but buying calls along the way in case it turns up in the next 2 weeks. The US economy is going through new changes (tariffs, removing regulations, opening energy avenues) so it might be a grind for a little while but the important issue for the markets is to find a temporary or permanent bottom and retrace to get the market some breathing room. The next level down is 5566 & 5408, so if we go lower than 5566, then we could visit 5408 and that should be the last bottom for now, I don't see going lower than that. Good trading to all.


  • TTR
    XmanFLX XmanFL

    Looks very nice do far T, nice job! I will try to play with the new site sometime this week.... thanks for your hard work.

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