Is a Two-Phase Market Sell-Off on the Horizon for $ES1/$SPY?
SPDR S&P 500 ETF (
ES1!
ES1!
Comment:
Market update: 💥 Overnight, we lost core support at 4129-33, leading to a flush down to major support level 4123-4118. CPI is out at 8:30 am today. ⏰ If we drop below 4118, it's time to sell and aim for 4099. Stay tuned for more updates.
Comment:
📈 CPI numbers released and ES aims to break out of a 2-day bull flag! 🔥
🎯Targets: 4165, 4178-81. 🐂 Bulls must hold 4148, or risk false breakout & return to 4129 support. 📉
🔍 Watch for shifting market narrative from CPI to US debt payment delays. 🇺🇸
📊 Added to my ES & SPY shorts; SPY short position to be increased post-open. ⚠️
Stay tuned & trade wisely! 🧠 #premarket #analysis #trading
🎯Targets: 4165, 4178-81. 🐂 Bulls must hold 4148, or risk false breakout & return to 4129 support. 📉
🔍 Watch for shifting market narrative from CPI to US debt payment delays. 🇺🇸
📊 Added to my ES & SPY shorts; SPY short position to be increased post-open. ⚠️
Stay tuned & trade wisely! 🧠 #premarket #analysis #trading
Comment:
📉 Bulls lost the crucial 4148 support and got flushed! 😓 Down we go, stair-stepping to 4129. 🎢
🐂 Bulls regained 4148 and are now consolidating in an attempt to form a base. 🛠️ However, overall market sentiment remains bearish. 🐻
📉 Bulls lose 4148 basing attempt! Bears take full control. 🐻 Bulls must hold 4129/4134 or next leg down to 4118!⬇️
🌊 Choppy technicals today! 4129-4134 support shattered for the bulls. 🐂 To see upside potential, 4142 must be reclaimed. 📈 Bears eyeing 4123-4118 as their next target. 🐻
📉 Bulls lose 4118-4123 support, hitting new intraday low! 😩 Bulls attempt to base at 4115 — if they can't hold, bears 🐻 continue their march down to next level at 4082. ⬇️
🐂 Bulls bounce back & reclaim 4134! 💪 To move higher, bulls must break above 4042. 📈 Keep in mind sell pressure remains below 4118-4123. ⚖️
🐂 Bulls regained 4148 and are now consolidating in an attempt to form a base. 🛠️ However, overall market sentiment remains bearish. 🐻
📉 Bulls lose 4148 basing attempt! Bears take full control. 🐻 Bulls must hold 4129/4134 or next leg down to 4118!⬇️
🌊 Choppy technicals today! 4129-4134 support shattered for the bulls. 🐂 To see upside potential, 4142 must be reclaimed. 📈 Bears eyeing 4123-4118 as their next target. 🐻
📉 Bulls lose 4118-4123 support, hitting new intraday low! 😩 Bulls attempt to base at 4115 — if they can't hold, bears 🐻 continue their march down to next level at 4082. ⬇️
🐂 Bulls bounce back & reclaim 4134! 💪 To move higher, bulls must break above 4042. 📈 Keep in mind sell pressure remains below 4118-4123. ⚖️
Trade closed manually
