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Yesterday was a day of extreme volatility, as expected. The US stock market has lost a key support level and is again retesting this zone, which is currently acting as resistance. If we have a rejection on a retest like this, we will see more downward movement. As we all know, once the New York session begins, the US Market has a strong link with BTC,...
ES futures update waiting to cross 4270 trendline resistance for more upside can easily retest 4200 level if 4250 is not held in overnight session. Overall bullish look so far looking for more upside soon.
Russia began its invasion of the Ukraine yesterday. The S&P 500 reacted to this news by going down while this invasion is still going on we are seeing buyers coming in at lower levels and it closes above its opening price. Who are these buyers? Are they entering the market because it felt so cheap that it was attractive to enter the market. The sellers who 1st...
This is basically an AB=CD prediction, also showing some possible ranges for 1.61 extensions, also 4000 is a pretty big psychological support level, also there's a gap around there from April of last year. Also I bet this will give people plenty of time to get in and wait for confirmation and everything. FOMO no mo. Based on these trend lines, selling everything...
ES has formed a Head and Shoulders like pattern with price action recently breaking the neckline 4260 zone. Following the break we saw a strong sell to 4100, followed by a strong rally, but technically was just a retest of the neckline and more than likely fueled by shorts covering. Big day tomorrow for longs in my opinion. I'm expecting a brief pop to the...
Last night came the news that everyone is waiting for: official Russian invasion of Ukraine, market tank immediately and stay around low almost the whole night, and we reached the lower edge of ideal support range of 4100~4150. From the low of 4101.75, market then rallied all the day since regular market open for a wholly 188.25 points, hit 4290 a few minutes...
Here is the weekend look at the ES/SPY going into the shortened trading week of Feb 22-25. My analysis of the ES is almost a carbon copy of my NAS post. We saw whipsaw price action last week and closed down 1.5% on war tensions and worries about a tightening Fed. This week the ES has gapped down on Sunday night and threatening to continue its move lower. 4212...
es looks to be in a pretty heavy impulse to the downside, after a double 1-2 extension from earlier in the month, it still has more legs to go before this correction is completed. sub 4000 is where i'm aiming for. 3970~3920ish before we see a larger deadcat bounce to potentially as high as 4700. that bounce will get a lot of people very excited - people will...
For 2/24 #es_f Mar * Y'day balance 4311 * ON balance 4127 * Weekly balance 4312 * Control 4105-4120 * Stop Size * 36pts Longs above 4106 target 4153 then 4181-4250 Shorts below 4106 target 4065 then 4020-3992
As predicted yesterday, MFI went oversold Flipping my puts on open and probably calling it a week. Wish I had bought (obviously) more but I wasn't sure since MFI never hit overbought. Probably some whipsaw the next couple of days so be careful.
Good morning traders, Wild situation in Ukraine going on right now. Please watch the ideas this morning to get a warning! Don't mean to be negative Nancy, but this may be a day to just chill!
ES is in a consolidation zone with very low signs of a pullback, its getting heavy off here. Break below these levels (4100 ) we are headed for 4030 3900
Follow up to the last post now that the profit targets were hit. Possibility for price to continue lower - following through on a 38% retracement / healthy correction on the Weekly chart which formed a successful double top on the Daily chart. I wont enter the trade until I see a set up on a smaller timeframe, and if price action reaches the invalidation point,...
ES500, YOUR SET UP FOR 2022/02/24 you can relay on in
Yesterday I mentioned minimum target of (C) would be a revisit of Jan low, and today we hit it and even broke it in early evening, but I seriously doubt the drop is over, in fact, we may be in the heart of that if it's targeting 4000 range or lower. Right now seems everyone is waiting for Russian's official invasion, and there might be still some selling once that...
Lots of news and lots of selling in Globex, hoping everything ends without many losses. Where we at on ES today? Currently the inventory is under our 4143.75-4137.50 Key Level, will we get back over and go higher today to fill order on the way up or will the sell off continue? On the upside we need to get over the Key Resistance at 4143.75-4137.50 and hold in...