good evening, i initially expected es to go slightly deeper than it had originally did, and did not expect this random move up last week. was quite the short covering that probably caught a ton of people off-guard. --- after a 3 wave move up these last few days, we saw a sharp move down for todays futures opening session. this tells me one thing, es will likely...
Friday was second day of rally, I was expecting a pullback toward at below 4200, but the market only retraced about 60 points to 4230, then break the overnight high, and go straight up to close at high of 4384.5, since 4350 was breached and market even close above that, my primary count would be that we indeed already reached a bottom on 4101.75. Yes, I understand...
The 4,275 level supported the weekly settlement. While price action occurred below it, price never settled. The descending 4,465 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 4,500 & 4,800 are both positioned as...
ok so earnings are coming in and were looking good, weve got prices down but yet the S&P is still slightly inflated looking for about 3900 to 4001 for a solid turn around and that would match up with the trend line before the 2020 crash.... gotta understand that during these times spy and qqq allotted most of their holding to apple Microsoft tesla nvdNVDAa etc and...
ES1! SPX500USD 2022 FEB 28 Week Fantastic week for the shorts and recovery late week let us finish the week with an awesome long trade after a shakeout. With the spring and return into rotation zone, preference will be to long on retracement. Weekly: Average down up bar closing near high = strength Additionally, it looks like a reversal set up. Daily: High...
Hello World! Sending love to our fellow humans around the world, this winter's eve in Michigan. I always like to know what the worse case scenario looks like... todays version is the grgreen trace dejour. It's also from a fairly prominent area of influence in the harmonic pattern record. I guess the war is gonna escalate to match this movement also?... We...
Not only did we see buying continue on Friday but it also shows an example of people willing to go home long the futures market going into this weekend. Even though it would take very little to turn this market right back down if expectations are changed if there is any new developments in Ukrainian situation this could easily turn over back down. This type of...
We are at a time where the bulls and bears continue to fight. It looks like bulls can take control as this push up has brought us a MICRO WAVE 1 of 5 to upside. We are looking to fall to the 4222 region.
in the past it was profitable to go long above a blue pin bar. even if the trade just runs for 1-2 days without getting stopped out at prior days low trailing stop... what else can you do, the short at 50% level from feb. 16th was a good entry, but now its time to trade long...
Good morning traders, Nice short covering rally yesterday, but it brings us right back to 4300 which is the bottom of this large "high volume" zone. I talk in the video how the technical picture looks like the market will likely struggle here, at least initially. That can change in the blink of an eye with the news, so be careful if you're trading that.
For 2/25 #es_f Mar * Y'day balance 4150 * ON balance 4257 * Weekly balance 4295 * Control 4314-4328 * Stop Size * 26pts Longs above 4296 target 4316 then 4332-4369 * Shorts below 4296 target 4284 then 4273-4238 *
Globex session last night we put together a position under 4272 and currently running the stops to sell it, will we continue higher after or come back down? Today we have on the downside 4291.50-4286.75 as our recent support, breaking that would be the first sign of weakness, under we have our Key Support at 4272-4265.50, if we break that then that leaves the door...
CME_MINI:ES1! Cup & Handle formed What Next ? It is the Recovery time on this time ? What do you think ? Se ha formado el patron de Graficas del Cup & Handle sera que seguira a la alza ? el Mercado se empezo a recuperar despues de esta gran caida pasado unos dias? que sera lo que viene? Gracia spor compartir tus ideas
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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...