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Jan 15 • 5 tweets • 6 min read
$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here

For more info read our newsletter (It will be out tomorrow)

Subscribe for Free

pointblanktrading.substack.com

#SPX $SPY $ES $SPX #ES_F $GAMMA #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading #options #Futures
The Bear's take:

•Recession is just around the corner
• Rates and valuations are high
• Geopolitical tensions
• Friday, stocks rise on low volume
• Earnings will be low
•China Covid shutdown hurt earnings
• Market is overbougth
• #VVIX is rising

#SPX #ES_F $SPX #options
NEXT WEEK

The Bull's take

• Inflation/Commodities/Oil/$ are ↓
• $DJI chart is very bullish. $DJT and $IWM also look good
•Up week on increasing volume
• $VIX and #DXY in strong donwtrend
•Breadth indicators are strong
•Positive divergence from CCI, RSI, ROC, Stochastics
NEXT WEEK

Our take

•Momentum is up
•Markets are at/near major resistance levels, so a slight pullback is expected probably on Wednesday
•Earnings will have its say this week, but the uptrend will continue
•Retail sales in focus

#SPX #ES_F $SPX #options #trading #Futures
Comments:

•Uptrend should continue up to resistance levels (We'll give our targets in our bulletin)

• #VIX should close at 19 on Tuesday

• Retail sales number will have an impact

Read our newsletter for more details on #Opex #GAMMA, regressions, etc

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More from @PointBlank_Algo

Point-Blank-Trading Profile picture
Jan 11
If you haven't read it
From our newsletter:
$DJI
"Last Friday it managed - just like the $DJT and $IWM - to make a solid upward breakout... did so on high volume... close above the 20, 50, 100 and 200DMA.
All indicates that this will most likely be the way forward for the #SPX"
" #DJT made an excellent breakout and closed above 20 and 100DMA. It closed right at its 50DMA. Bullish action from a leading indicator. $DJT will have to surpass the conjunction of 50DMA and 200DMA next week, in order to validate more upward moves"
It did that yesterday

#ES_F
$QQQ

"A follow up rally is expected to allow it to break out of the Noise Box and break above at least the 20DMA.
On Monday it broke above the Noise Box, yesterday above the 20DMA, today above the 50DMA"

#QQQ #NDX #TradingSignals #bearmarket #SPX #ES_F #trading #SPX
Read 10 tweets
Point-Blank-Trading Profile picture
Jan 8
$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here

For more info read our newsletter, it will be out later today

Subscribe for Free

pointblanktrading.substack.com

#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading #options
NEXT WEEK

The Bear's take:

•Recession is around the corner
• Rates ↑
• Geopolitical tensions
•CPI is coming
• Bearish monthly engulfing candle on the main indexes
• Charts of market leaders are broken
•Bearish flag on the index charts

$ES_F $SPX $SPY #SPX #trading
NEXT WEEK

The Bull's take

•Inflation/Commodities/Oil/ $DXY are ↓
• $DJI and $DJT broke above consolidation
•Higher volume on up days
• $VIX in strong donwtrend
• $VVIX broke below support, is at 2017 levels
•Positive divergence from classic indicators
•Breadth is +
#SPX
Read 5 tweets
Point-Blank-Trading Profile picture
Jan 7
$SPX has been trapped in a Noise Box for the past 14 days

As at other times patience pays: whichever side SPX breaks out of the box will be followed by a big move

A great trading opportunity

👁️👁️Volume has been higher on bullish days and SPX closed above 20DMA

#SPX #ES $SPY
We should look at the indices that have led the recent moves up and down: $DJI, $IWM, $DJT, #S5TH.

The #DJI has a more defined Noise Box. It broke out of it last Friday, and did so on higher volume, closing above 50DMA and 20DMA. Bullish, DJI should continue up on Monday
$SPX
$DJT has as $DJI a more defined Noise Box. It broke out of it yesterday in higher volume, closing above 20DMA, and like $SPX rigth at the 50DMA

The general look of this chart is bullish short term, so a continuation rally is on the menu for next week

#DJT #XTN #DJI #DowJones
Read 5 tweets
Point-Blank-Trading Profile picture
Dec 18, 2022
$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here

For more info read our newsletter

Subscribe for Free

pointblanktrading.substack.com

#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading
NEXT WEEK

The Bear's take:

• Rates, dollar, employment ↑
• Geopolitical tensions
• $VIX and $VVIX are above 20DMA and uptrending
• $SPX closed below 200, 100, 50 and 20 DMA
• Negative #Gamma regime
• Leading sectors are breaking down
$ES_F $SPX $SPY #SPX #VIX #trading
NEXT WEEK

The Bull's take

•Inflation/Commodities/Oil/ $DXY are ↓
•Seasonality favors up movement
•It was all about heavy $GEX & #Quad witching day
•Indices are very near strong support
• $VIX and $VVIX still in donwtrend
• Breadth indicator (#S5TH) is still holding
#SPX
Read 5 tweets
Point-Blank-Trading Profile picture
Dec 15, 2022
TODAY IN THE MARKETS
$VIX

Down day for the #SPX, and the #VIX closed down -6.26% and below 20DMA

Yesterday: large bearish engulfing candle
Today: Continuation

Despite the lack of sync this looks like a bullish development for $SPX

#ES_F #trading $SPY $ES #options #VIX $VVIX
$XLF
#XLF was rejected at 20DMA

The sector remains above the 200DMA, and near support

For the October #SPX rally to continue it's necessary for #XLF to hold above $34.40

#trading #banks #options #ES_F $SPX $SPY $ES #DayTrading #Futures #inflation #ratehikes #Fed #Financial
$QQQ
It is in "the pinch", right between the 100DMA and the 20DMA.
One is support, the other is resistance

Let's see which side #QQQ comes out on.

It's still in the uptrend channel.

#NASDAQ #IXIC #NDX $NDX #NQ_F #options #trading #Futures #DayTrading #TradingSignals #SPX #ES_F
Read 10 tweets
Point-Blank-Trading Profile picture
Dec 14, 2022
TODAY IN THE MARKETS
$SPX
A low #CPI triggered a 114-point jump that took it above the dominant trendline. At the open, sell orders above that level initiated a pullback that took it 126 points down to the 20DMA

Not what we would call a 1-day reversal, more upside to come
#SPX
$DIA
Same picture for #DIA, sell orders above Dec 1 high pushed the #DJI lower

It went down after an impressive initial rally
Bounced from 20DMA

#DJIA will continue to lead the rally

Not a pretty candle, but not exactly a 1-day reversal

#DowJones #trading #options #trading
$IWM

Same story

Perhaps an uglier candle, closer to a 1-day reversal than $DIA and $SPX.

$RTY looking much better

Bounced from important support in the trading channel

Big volume today.

#IWM needs to catch up with $DJI for accompanying leadership

$RUT #RUT #RTY_F #trading
Read 12 tweets

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