CME Group could be attempting a breakout as the broader market struggles.
Notice how the exchange operator snuck above $231 a month ago, overcoming resistance from early November.
Second, CME pulled back and held the level on February 24 (after Russia invaded Ukraine). The 50-day simple moving average (SMA) was also coming up from below. Prices followed by...
Idk man this thing is weird it pumped really hard before and now it kinda looks bullish again, not that great for options but better as a commons play imo
Not easy to find base patterns out there but CME is one of them.
On the weekly time frame we have a multi-year base with a head and shoulders formation, followed by a breakout over a 12 week base.
Zooming in on the daily frame there's a few ways to manage the trade if getting long.
- Short term you'd want that 21ema to hold
- Longer term position trade you'd...
People forget that crypto and commodity trading never sleeps.
volatility = more trading = benefit for exchanges.
This is the perfect setup for tomorrow's (4/28) earning's play.
Strong support: $201( If this doesn't break, build your position from here!)
For self-education use only. Not financial advice.
Long and short CME
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
Pattern recognized: Running flat
Hypothesis: Bullish long-term, short-term bearish.
conclusion: I'm expecting a drop soon, and I'll long CME shortly after.
***This does not constitute financial advice.***
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The PEAD projected a Bullish outlook for $CME after a Negative Under reaction following its earnings release placing the stock in drift D
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CME has been relatively Neutral throughout the recent run-up in asset prices. CME should be a proxy of rising commodity prices. The ADX/DMI indicator is showing mild strength. Look for the Choppiness indicator to confirm a new trend prior to entering a position. CME Price is above "The Cloud" indicating a slightly Bullish situation. Be prepared to Cover your...
CME should benefit form the increase trading volume in stocks and options. The stock has had a huge decent but it looks like it could be reversing here after breaking the regression line at support. Rate of change also remains positive and its a decent risk/reward setup
