ES is gonna go both ways! I will look to buy at 2600 and sell at 2679, of course we will wait for the confirmation of candle sticks formations at those levels. The bias so far has been to the downside, so on a break of that 2600 i will look for a potential touch of this years low of 2531. So i will look forwar to get this after the long weekend.
Here we have a 4 hr chart of the E-Mini S&P Futures. The 4 hr chart established a down trend channel inside of a symmetrical triangle. The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel. MACD, Slow Stochastics, and RSI are indicating a positive break-out. Wait for the...
Good Afternoon! I continue to watch the ES1! with the symmetrical triangle chart pattern that developed with the trend-lines of the Jan/Feb highs and Feb/Mar lows converging toward each other. There is a higher probability of the pattern breaking out to the long side, but if the bottom leg of the triangle does not hold look for drop to the short side. I am...
Which way will the ESM2018 go? I attempted to draw chart trends from the recent correction in February, 2018 through present. It appears there is a triangle chart pattern forming, but I am having trouble identifying whether it is bullish or bearish. If it breaks below the bottom support of the triangle, I am short for a test of the recent lows. If it bounces...
YMH2018 -E-Mini Dow Jones ($5) Futures ;TF 15 minutes ,CBOT Down to Fib. cluster around 23,925 to 23,846
Depois da correção da forte tendencia de alta do dia 18, ajuste realizado até a faixa de 50% de Fibonacci e possível novo inicio de alta.
Since I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind. This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do...
With bank earnings coming up this week, the line in the sand to keep an eye on will be the 2400 level. Breaking it will accelerate the selling into the 2385 level and eventually take us to the 2360 if buyers don't show up to enforce a bounce. Many analysts have been announcing a correction since last summer, and the uptrend has just expanded even more. My only...
The white fork is the major one. Price flows according to it's path. The blue fork is to watch for potential support/resistance within another dimensional (more sideways) flow. However - I see price coming down to at least the L-MLH of the white fork. May the forks with you §8-) P!
ES zoomed above the centerline. Now the bulls try to push it thorough the U-MLH of the blue fork. If we pass this and close above it, then ES will go further north, probably into the resistance zone bevor taking a nap again. P!
I just wait until I have a good stop. My stop shall be behind the bigger structure (see the light blue boxes?). But I'm aware that ES is going parabolic at this time, so no hurry - let it exhaust itself. Hunt mode on ;-)
From the election night panic low, the Trump rally generated a nice impulse wave on the Globex Market that was followed by a very muted correction not even reaching a more acceptable 23.6% retracement suggesting we are not done correcting the Trump Wave. and actually the rally from Nov 11th is seen as part of that correction. Yes a rally within a decline. Even if...
Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area. E-Mini 60Min Chart - October 23, 2016 In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete...
Possible primarily wave count on the monthly chart
CME_MINI:ES1! INDEX:SPX
When looking at the daily bollinger bands width (bbw) there have only been four other times where the bb were as tight as they are now. Years 1964 & 1965 and year 1995 before the huge breakout into the year 2000 high In all of the previous times the S&P500 was in a small pullback then rallied 5%-6% which I believe it could do again. I believe buying the dip is...
E-MINI S&P MIDCAP is above the all time high but with a big bearish divergence on daily. Meanwhile there is a hidden bullish divergence on monthly. So i'm expecting a correction before a possible strong wave up. If the price breaks the rising trendline it invalidates this setup.