Head and shoulders I see in futures Hour so you see the bigger structure!
ES PO3 AMD LEVELS monday 13th we enter distribution after taking accumulation low during manipulation
I have to point out once again that, despite all the bearish fundamentals, market price action is simply not a bear market. You see this so clearly on SPX's monthly bars: During the worst of October, all the market was really doing was retracing to the two-month late 2020 orderblock that ultimately led to the 4,800 ATH. Price has since retraced and the...
Thursday 3.09.23 Review : Yday RTH gave a perfect trade, we pushed over 3995-90 on pre market data, hit the upper part of our potential Daily Resistance and Key Intraday Resistance 4012-08, pushed above it and failed giving us a nice trade down to Key Intraday Support, once we broke we got a nice move down to 2 of the lower Support targets and hit our Daily...
Target is the bottom of this channel or this first support line below
Hi Traders, This is my view for today on ES Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short). Pit, Trading Kitchen DISCLAIMER: Trading activity is very...
SP500 Hello traders, welcome back to another market breakdown. In this video I explain my thoughts on SP500 Emini chart. Good luck. Trade safely, Trader Leo.
SP500, SP500, Emini, ES / 4H Hello traders, welcome back to another market breakdown. SP500 has rejected a major level on the monthly and broken to the down side and now is testing the brekaout point. I'll be looking for a short postion around 4080 if I get a confirmition on LTF. trade safely, Trader Leo.
SP500 / Multi-Time-Frame. AUDUSD / 4H Dear Traders, I warmly welcome you to this free and educational multi-timeframe technical analysis on SP500 pair. From a weekly viewpoint, in my opinion, SPY looks remarkably bearish . A Double top formation with a previous high on the monthly time frame, and the downward trend has already begun as seen from last month's...
Wednesday 3.08.23 Review : Consolidated under previous Daily Support with a few attempts to break 3976-71 Key Intraday Support but we held within this 4015-3975 balance. Best trade was when we hit double top in E 11:30 Period, gave a nice trade down to Intraday Support, was thinking we fill finally have more supply to break and continue but so far that has...
If we don't get a higher bounce on es, chances are this head and shoulders pattern is playing out. This idea is invalid if we get over 4060 again, in which case the previous scenario (linked below) is playing out. I'm watching the daily 18ma at 4034, if they get over that level, a bigger bounce is likely playing out. If they stall near the 50ma at 4013, then this...
This is what may be happening as an alternative to the immediate sell off. Note the 2hr rsi, how low it is again. The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid. Good Luck!
$AAPL exhibiting weakness with a hard rejection this morning and acted as a strong supply zone over the past several months since Nov. I fully expect another leg down to happen as long as it continue to reject.
The last several weeks I have written about the move to the 3800 level and with the smaller chance of a direct move to the low 3,000 level right now. Clearly, there are people on both sides of the bullish/bearish equation and they’re not shy to share their support or disdain for my forecasts. I’m grateful for that, because that is what makes a market. However,...
Inflation will need more hikes. Probably bigger than 25bps I can tell you that:)
Monday 3.06.23 Review : Globex pushed us into the resistance area at 4061-56, RTH Opened on Gap up and buyers came in for continuation, we hit our upper early in the day and then consolidated below it. 4084-77 was our key area for continuation higher and we failed to take it out and showed weakness at it instead, until we built up enough Supply which gave us...
Hi Traders, This is my view for today on ES. First strong LONG reaction which puts me on a BULLISH perspective today. So 3960 could be a good zone to let the price re-aligning with the bullish micro structure. Anyway, the Macro one's tells me we're bearish yet and the strong supply zone on 4120 could be good for us. I remind you that this is only a forecast...
Friday 3.03.23 Review : Friday Globex consolidated at Previous Day High, took the stops at night and we opened on a gap up over Previous Day High in RTH. Failed to closed the gap and gave a push towards the upper resistance target and a move above it into the next Supply area. Monday 3.06.23 Prep : What are our options today, Will this move higher hold...