For 3/9 #es_f Mar * Y'day balance 4193 * ON balance 4219 * Weekly balance 4205 * Control 4228-4243 * Stop Size * 34pts Longs above 4224 target 4249 then 4273-4305* Shorts below 4224 target 4180 then 4140-4106*
Morning Traders, Want to get you guys this video fast today, as the market is about to open. I would expect much of the same as yesterday, as we are now only 5 trading days to the big FOMC announcement. Heavy resistance remains overhead at 4300
Consistently bearish, entry points in oversold conditions, follow through during rest of the week
S&P500 has to check its air supply because it must decide whether it should dive until the bottom of the turquoise zone between 4251 and 4135 points immediately or rather return to 4275 points first for some fresh air. Whatever its decision will be, we expect the index to start into a new upwards movement after finishing wave ii in turquoise at the bottom of the...
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...
Gotta stop posting on my phone. Sorry the chart image was messed up so I'm posting another one. I'll try to summarize what I posted in the previous one. Basically I see spy going higher. Wars do not crash the market. The market thrives during a war. Too many people are bearish hoping for a crash but I don't see one happening just yet. There's a bearish crab...
Be greedy when others are fearful Almost every post in trading view is bearish which makes me think we hit bottom. Plus since everyone thinks they are a stock guru now predicting crashes... this solidifies my idea more. The market is not that easy to predict... alot of traders are going to get wiped out paying hefty premiums to buy shorts You gotta understand,...
Currently I see spy in an area of consolidation between this sell zone in red and buy zone in green. Looking for confirmation before entering a trade exiting/bouncing either of these zones.
Possible ending diagonal in the wave C position with 3800-3700 def in play
On Tuesday the S&P 500 rallied before it broke to lower prices. This structure I refer to as a false sense of security. The issue is were the buyers that cause the rally profitaking or are new buyers entering the market. If it is the latter this could be a change in market direction based on price action. The overall market environment fundamentally is still very...
Same chart two time frames Algos need reference We sold off this morning at the 30 Min Point of Control from yesterday. Then we sold this afternoon from the 15 Min Point of Control from yesterday. It matters. Here's the thing anything over a 15 Min charts really doesn't give the real Point of Control, yet these references are used on many different time...
MFI touching oversold but RSI hasn;t hit oversold yet. Possible whipsaw day, staying out
3.8.22 ES1! : I wanted to show you a 2 Chart setup on the ES when scalping the markets looking for buyers AND sellers in a market that is likely to move lower when all is said and done.
A hard day, bears were all the time pushing the price down. But they wanted to get filled high.
For 3/8 #es_f Mar * Y'day balance 4279 * ON balance 4199 * Weekly balance 4254 * Control 4194-4203 * Stop Size * 27pts Longs above 4224 target 4249 then 4273-4305* Shorts below 4224 target 4180 then 4140-4106*
3.8.22 ES1! the summary since the Friday close: in the end it is about finding good trade location (reasonable risk with a good reward), and factoring in the volatility of the market and price action and market dynamics that tell you what you can expect for entries, but also targets. More volatile markets offer bigger targets.
Good morning traders, Another wild day yesterday as the touch of 4322 found sellers, and fast! We are back in this thin area from below, so it's important to watch your risk here. The market has the tendency to move violently in these areas.
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...