Complete SPX Analysis / Using Timeframes in Boxes

I will do a complete SPX analysis today, just for the hell of it. This is just one of the steps I take to prepare for th enext trading day.

Here is the 5-day chart + 1 blank day:

Each trend line is important in the setup of a blank day. The current anticipated range should be between 870-900. I know that that is pretty wide, but that’s how it is. Some days are narrower and others are wider. The small orange boxes indicate intra-day pivot points that coincide with their respective trends. If done correctly, multiple lines should perfectly intersect each other. I give more weight on dual segment crosses thank single ones. Why? Because it is reasonable to anticipate slightly stronger support or resistance at these areas.

Moving on to the 2-month/60-min chart + the rest of the month:

I marked the shorter-term consolidation areas while simultaneously marking the pivots are the wider swings. These are my danger zones, or areas where I have to pay closer attention. Why? Usually large breakout or breakdown spikes usually create enough force for a temporary trend shift.

Now the 3-month/60-min chart:

The three separate boxes enclose the largest swings. The green and tred areas indicate that consolidation will take several weeks. Notice how not much time is spent in the orange box. This is the ‘battlefield’. Major shifts occur in this area and it doesnt take long to determine the winner.

Finally, the 5-month/daily chart:

This puts everything I talked about above into perspective. It allows me to guestimate how the month will look like. This range is between 840-930., the major determining point obviously being 875-880, or the horizontal neckline (and current location of the 200-day MA).

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I will try to not decline any prospective students, but there are no guarantees. Just note that when I selected my online group last year, I choose 5 people out of 56 possible applicants, all of whom are still trading with me everyday. I am willing to loosen up my personal requirements to coach as many people here as possible.

I am actually very thankful for the haters I had prior to March/April, despite the occasional community idiot showing up here. Hating on me was a blessing in disguse. In fact, I wouldn’t mind even more hate – mindless bullshit from people who believe all of my trades are hindsight (laugh!). It was because of them that I started posting my trades to prove them wrong. It was because of posting my trades that the coaching program was born, due to the high interest in my performance. Because of this coaching program, you will be better off.

And, so will I. With 43 applicants (in two days time) submitting questionnaires, the program became a whole lot more “worth it” to me. I have every bit of personal, professional, and financial motivation in the world to put my students on the track to success.

To the very few remaining haters hiding in the caves of Afghanistan: You can’t stop reading my blog, can you? It’s because I am right, and you are all just a bunch of circle jerkers with nothing to show for in your lives. Oh by the way, thanks for the traffic — much appreciated 🙂

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