Good evening and i hope you are well. This week was another very strong one for the bulls. Having these kind of climaxes at the top after such a long ongoing trend is often the exhaustive end of it. But all that is just mumbling until bears show up. Bulls continue to pump this higher and that’s just what’s happening right now. All targets have been met and market...
Good evening and i hope you are well. Bears making lower lows but bulls buy them. That means prominent tails above and below bars and you have to be humble about your scalps. Markets don’t go from big bull to big bear trend and betting on breakouts after mind boggling rallies is low probability and a losing strategy. nasdaq Bears tried all day to get the...
Good evening and i hope you are well. In my weekly outlook i talked about the major trend reversal for most indexes since the bull trend is coming to an end and we are in a trading range at the highs imo. Markets are in the process of forming a top and confirmation would be lower lows by the bears now. Today was a good start. sp500 In my weekly outlook i said...
Good evening and i hope you are well. Today we witnessed a perfect bull trap above the recent new all time highs for US markets. Here is the most important quote from my weekly outlook i posted yesterday: We already ranged at the highs for some time now and for most indexes it’s just a higher high and now i expect a major trend reversal. Hence the title, the...
Good evening and i hope you are well. Today was the day i started talking about around 2 weeks ago. The price action of the last 6 days was conclusive and i had no doubt market will reach the given bullish targets for more bear pain. SP500 e-mini futures printed 5020 and printing a new ath tomorrow is highly probable. I hope you played it and made some. Quote...
Good evening and i hope you are well. Markets went sideways today, as was expected and laid out yesterday. We are forming many triangles, which means that prices are converging and we get a break out soon. Bears tried a bit but bulls bought it, which confirms my thesis of higher prices. I still expect a bit more sideways movement. If i had to guess, i’d say we...
Next week will be very rich in fundamentals, with the trial of a major Chinese developer scheduled, and the FOMC meeting on Wednesday. All these events are likely to have an impact on the market. Here are the key zones for the upcoming week based on the volume profile. The first zone is 4916, where the market closed. There is a local point of control according to...
Hi Everyone, I saw this structure break just now and love to share that with you, Nasdaq 100 from 15 sep 2023 changed the trend from Up to Down trend and the structure was moving smoothly to down, if you notice the trend made 3 times retesting on 18 aug 2023 and on 27 Sep 2023 and this week starting from 23 Oct 2023 which almost each month have the same retesting...
CME_MINI:ES1! just completed a 50% retracement. Bounced right off the 50% line and retraced to a bearish 1H order block. Tapped the 50% line of the OB twice. Now looking for price to sweep sell-side liquidity and dig into bullish order block. Short term bearish....
S&P 500 INDEX MODEL TRADING PLANS for WED. 05/31 We started this trading week yesterday with these words: "Now that the Debt Ceiling drama is apparently over ("apparently" is the keyword there), can the markets continue to be intoxicated on the nVidia-A.I. exuberance and continue the bullish leg or get back to the macro-economic fundamentals of inflation,...
On S&P 500 is nice to see strong buying reaction from the price 4119, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Strong rejection of lower prices + Uptrend...
short term short mid term bullish long term at potential decision point. Needs to reach above where outlined our continue lower
SPX may run higher to 4400 level to complete wave(B). I expect to see wave (C) of circle 4 somewhere at 3k+ level.
2.16-17.23 Review: Thursday we failed to continue over 4170 and failed to hold 4143-37 which gave us a move to our lower target down at T2 low and a break of 4103-4099. Friday we opened at potential support area and were able to hold it during the day due to short covering before the weekend with a move back towards potential resistance towards the close but...
Friday 2.03.23 Overview: Coming into the day we had our Globex inventory around 4168-62 Support which broke overnight, 8:30 am data gave us a flush taking out lower stops and finding support at our Key Intraday Support 4143-37, RTH Open didn't waste much time and corrected the inventory back inside the value and up to Intraday Resistance at 4191-85 this is an...
Review: Today we saw that our suspicions about possibly finding a place to tighten up a bit to get ready for next move might have been correct, still have to see what we do in Globex but so far the information we have is we have accepted in this 4220 - 4137 intraday range, we have supply over 4220 - 15, we have built a support last night Globex under 4061 -...
Review For 2.01.23: Fun day with the Fed today, not sure I how missed so many signals today for a long trade and why I was so short biased coming into today after mentioning Friday that we had more in the tank the way we closed and from our pre Fed price action. If long at the break over 4084-77 was caught, it made a nice little run over our Daily Resistance...
Review: Sunday Globex opened right at key level of 4084-7, attempted to get back over but failed trapping the buyers and yesterdays end of day supply above. We sold got the move lower which broke 4061-56 and found buyers at lower support area of 4046-42 pre market. At RTH Open we corrected short inventory back to our Resistance area of 4084-77 where more...