Hello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone.
for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements.
This is not a financial advice, this is only my view on distribution type.
Same with SPX500/SPY/SP500futures charts.
Follow for...
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000.
Happy Christmas §8-)
ES Hourly - Simple Analysis.
To keep it as simple as possible:
4365 is a key level as clearly depicted. While we are below it, there is bearish sentiment. Above it, bullish.
~4345 is a one hour demand zone because this is where price was able to fill the gap, while also having a strong push above a previous high and breaking above prior resistance. Price has...
So, here we are, below the red Center-Line.
What now?
If the Bears are successful, then we go south.
Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first.
On the other hand, P3 could be in and we get a bounce up for a re-test to P4.
This is a tricky situation.
Even more because the Nasdaq looks ready for a...
This is my 100% believe, that the S&P500 has reached at least a temporary high.
From here we will go down, at least to the dashed WL (Warning Line).
We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking.
A HAGOPIAN means, that price will go further in the opposite direction than...
CME_MINI:ES1!
CME_MINI:ES1! has broken resistance as Wall Street continues to monitor the situation surrounding the debt ceiling with hopes of a deal being reached.
This breakout needs to hold via a retest or Bullish pullback for Stocks upside.
If it's a fake out, look for potential shorts via LTF e.g. 4h
CRYPTOCAP:BTC is like a tech stock and when it's...
Put Option' Premiums are cheap compared to the chance of having a pullback.
RSI in overbought ranges.
Volume has been decreasing for the last weeks.
Entry Level: 4130
Stop Loss set at 4220 .
First Take Profit at 4050 . Second Take Profit at 3980 .
*Important to pay attention to the price action at the level of 4050. If it is recovered quickly,...
CME_MINI:ES1!
So I opened the chart at the weekend and flicked through the time frames and upon punching the Weekly I noticed the 21EMA and the 89EMAs were pretty tight. I decided the rest of the morning looking through the historical relationship of these two EMAs. It turns out that each time the 21EMA has come down to the 89EMA, there has been a violent...
With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a...
DESCRIPTION: In the chart above I have provided a simple MACRO ANALYSIS on current bond market meltdown where the US02Y dropped nearly 25% within FIVE TRADING SESSIONS.
POINTS:
1. US02Y deviation is simple & marked at every 1% difference as bonds rise and fall within the same range percentage therefore it has a rubber band like price action relationship with...
Hi traders,
From a bearish perspective and there are many reasons for it (inflation rates, interest rates, job and housing reports) that we will likely see a prolonged bearish market no matter what the fed does. Billion still being printed for Ukraine and not for stocks and cheap loans.
As I have it, I tried the fibonacci levels all across the impulse or motive...
DESCRIPTION: In the chart above I have provided a MACRO analysis of ES1! a future INDEX on the daily timeframe.
POINTS:
1. Deviation of 250 points would justify placement of SUPPLY & DEMAND POCKETS.
2. Pennant Formation
3. Current CORRECTION FALL is roughly 5.55% falling short by nearly 5% when compared to other CORRECTION PHASES.
RSI: Since the inception...
As you can see, History repeats itself. To my technical eye, The S&P is loosing momentum at a price of major resistance AND(+) a Major trend line where price has previously ended its bull rally to return to its overall bear market downtrend. Second possibility attached. I see The S&P returning to the 350's if not much much lower. Its divergent sister, the VIX is...
