I try my best to stay away from "call-out" type posts because that's not really what I'm about. That being said, I'm doing one today in conjunction with an educational post because they fit together pretty well. Note: on the main chart I'm submitting with this, the topmost moving average (where price is resting as I write this) is the 200HMA using daily candles....
Today's idea would be a short one, as market indeed pullback to 4200~4250 range today, held that range and went higher into close, but I still have my doubt that market has made the decision for the bullish path yet. One concern is the scale of the pullback, we had a pullback on Tuesday, that retraced over 88.7%, an abc bounce to a bit over 100% extension, then...
Focusing on longs for now until break and close of day to change bias. Had opportunities for entry today below the daily open to set up next week
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well &...
Looks like ES MFI went overbought on the gap fill attempt, lol. Idiots. Gonna be a long ways down before it goes oversold. Short at will I guess, next week's puts if you want to be safe. Looks to me like it'll break support unless Putin miraculously decides to end the invasion, chanes are less than 1%, lol.
For 3/10 #es_f Mar * Y'day balance 4244 * ON balance 4261 * Weekly balance 4238 * Control 4228-4244 * Stop Size * 19pts Longs above 4249 target 4261 then 4273-4305* Shorts below 4249 target 4212 then 4180-4106*
Good morning traders! 4300 continues to be heavy resistance above. We tried again overnight and now we are trading 80 handles lower. So, while fundamentally there is a whole slew of issues that need to be resolves (interest rates, Russia/Ukraine, inflation, etc), the technical levels are still holding just fine. I'd hope that continues because it provides...
Here is the weekend look at the ES/SPY going into Mar 7-11. Just wrapped up another volatile week of choppy price action. The ES, like the NAS is now stuck in range trading between 4250 and 4400 just below the 21 ema. Price broke briefly above the key ema on Thursday, but was quickly rejected to the down side closing Friday about 3% off the weekly high. Going...
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍 Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace. Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
Mirroring the correction of 2010. The structure is almost similar with minor difference witch is totally normal since we can’t repeat exactly what happen in the past. Both of corrections came from rallying from a massive dump, the 2008 crash and 2020 Covid crash.Even the 200 and 50 MA average are doing exactly the same thing. It will be interesting to see if...
Mirroring the correction of 2010. The structure is almost similar with minor difference witch is totally normal since we can’t repeat exactly what happen in the past. Both of corrections came from rallying from a massive dump, the 2008 crash and 2020 Covid crash.Even the 200 and 50 MA average are doing exactly the same thing. It will be interesting to see if...
Mirroring the correction of 2010. The structure is almost similar with minor difference witch is totally normal since we can’t repeat exactly what happen in the past. Both of corrections came from rallying from a massive dump, the 2008 crash and 2020 Covid crash.Even the 200 and 50 MA average are doing exactly the same thing. It will be interesting to see if...
Well market indeed found a short term bottom yesterday and printed a higher low (4148.25) at yesterday future close, from there, it went straight up for exactly 150 points and reach the high of today at 4298.25. So this fits my c wave projection almost perfectly, but also meet my requirement of 150 points needed to confirm the bottom, where would we will go next?...
I am honestly about 60% sure on this one, I personally have some 420 puts expiring this week (OUCH) decided against closing and looking at the futures I am seeing some potential for a downside. CPI is tomorrow which looks like it might be higher than expected. We hit resistance and didn't break through it, we actually closed the normal day of trading with a sell...
Yesterday we discussed the need for sellers to be cautious because the price action pattern was potentially bullish. On Wednesday buyers indeed retraced the previous day's range. It is hard to imagine that this could be a long-term double bottom in light of the fact that Ukrainian situation rages on and is not resolved. The next 2 to 5 days will be critical in the...
The S&P is in no man's land and needs to catch some strong consolidation above these levels looking for a trend line bounce before i even consider anything long All n ALl were long but i would like to respect the trend line from the 2020 crash and get these prices back down Were back at the largest accumulation area that we were at before the major bull run and i...
es is almost completed with the larger correction, watch for potential rejection around $4300. downside target is at about $4000. once this downside target is attained, i think es expands to $5400+ into the year ahead.
I mentioned two possible paths in yesterday's daily idea, and market picked the route that went lower first and rallied 137 points from overnight low to noon high. I had my route yesterday as 4110->4250, market bottomed at 4138, then topped at 4275, about 25~30 points higher above my expectation, I think that's pretty close. There are a few things that catch my...