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...
Futures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
ES1! / Emini / SPY500 is getting closer to 50% of the range since 2021 began - and can find buyers below 50% of the range (forced or willing) as shown on the chart. Don't blindly trade the weekly chart, look for LTF confirmations. Note : we are not predicting price, it can still drop like a rock. However we anticipate how it could play out. GLGT
Short the buy pressure, long the sell pressure UNTIL support is broken! Decent RR at this key level. Stop at 4250 area, look for price rise to 4290 and 1hr candle reversal. Good luck and hedge your bets :)
ES weekly. Degen is a slang for degenerate gamblers. Many degens were born from the 2020-2021 bull run. In a bull market, everyone is a genius. In a bear or volatile market, only those who practice risk management survive. The new traders will find out very soon as to why very few people make it in trading long-term. As stated in the VIX post, the market cares...
The infamous vomiting camel appears on the daily SPY chart. Very bad sign.
big support area with reason to attempts longs with good R/R
This might be a place for a dead cat bounce? It doesn't seem like it considering the Ukraine - Russia conflict.
The set of averages forming a fan or range signalize a begin of a down trend. If the line do not hold as support and do as resistance. Can be a reversal?
Possible first daily lower low. If the support level fails and hold as resistance, and considering the 17 periods average crossing under the 72 periods average, in my opninion, the next levels are in regions represented by the rectangles.
Seems that we are checking the retracement levels - in addition reaching oversold territory.
I have great faith in my 3 Day signals. It clears all the noise yet shows a short/Medium-term trend. 3D signal is short with more pain ahead for the market. big names are likely to see a sell-off soon...probably in mid/late Feb. -4550 ish range is a given at this point, just the timing is uncertain.
We have seen sideways action, ever since falling into correction territory. At first sight, it does appear to be showing weakness, as the rebound was a lower high. However, we can see the current support level is extremely resilient, and could serve as a spring board for better days. Additionally, the S&P500 is currently creating bulling triangly, which if we are...
S&P Futures $ES MacD Signal Line cross on the Weekly So I’m definitely a TA nerd … and this is an exciting Technical alert that typically signals a return to the mean… When the signal line (orange) crosses down, that would be the first place I even consider starting a long position. GL —————— I am not your financial advisor, but I will happily answer...
The S&P 500 reflects the uncertainty created by the annexation of parts of Ukraine by Russia. How the world will react to this and what is Russia's next move leaves the market in a very uncertain state. When you see capital moving away from the stock market like we are seeing in the S&P 500 the expectation is that prices will increase in the 10 year Notes and the...
falling wedge, the PCCE is back above .9 justifying the heavy imbalance leaning towards sell pressure. most of the time sellers will get exhausted and a squeeze will appear to the the upside. covid, war, corruption the media will create fud.
IN this update we review the recent price action in the SP500 (futures contract) and identify the next high probability trade locations and price objectives to target.
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...