We opened up this week lower on the S&P and we are currently sitting in a bearish 1hr channel.
Could we see a test and break of the monthly lower channel?
What do you think?
ES BIG PICTURE
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ince Oct price has been moving up on low volume
High volume spikes on down months
Last 3 months have been bullish price exploring new ATHs.
Price Volume Traded showing divergence on monthly/weekly/ TF
On daily price is moving up
On 240 price is moving up up approaching divergence level - so expect a pullback if not reversal
I will need to see...
Completed bearish gartley pattern on S&P 500 index .
There is a high chance to see a bearish impulse from the current level.
Entry - 3000
Stop - 3042
T1 - 2958
T2 - 2920
hey traders,
after a very strong selloff SPY has retraced and currently, the market is approaching a key level of resistance on daily.
On 1H chart the market is consolidating and coiling within a narrow trading range.
If bears break below the range, for us it will be a perfect signal of a bearish continuation and...
Price action played out as anticipated. It was an inside day. Overnight session appear to have just been a continuation of price action that had been disrupted by the tweets thereby creating some obfuscation of intent.
Overnight the downward action continued on good volume of about 330k contracts. VPOC established below yesterday and Tuesday’s.
I am expecting...
The first day back from a long weekend. Yesterday's trading volume was rather low as expected, since most of Europe was on holiday. Today, Tuesday, overnight session trading was confined to a narrow range of 6pts within the highs of yesterday's NY session. On open, I am expecting the price to test yesterday's highs.
Note this week heavy on Q1 earnings. Rather...
