Sales continue in this indices, it continues to break structure and the fundamentals are against it, hopefully it will give us good opportunities, that the wind is on our side
Good morning traders!
Pretty big move yesterday lower, as the market is having a hard time holding onto higher prices.
The situation in Ukraine with Russia certainly not helping stabilize the market.
I think there is a big chance for a "Fat Tail" move.
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Here we have our SPX Chart analysis.
With global tensions rising we have seen a dip back in the price of the SPX. this has been sustained over several weeks as we can see from our high timeframes. On this dip we can start to get lightly long.
The...
Yesterday our downside scenario played out perfectly, what can we expect today? In the Globex session inventory got too short and we got a nice squeeze up to our 4405 level but could not break and and reach our Key level at 4424.50-4418.75 and that was our sign of weakness and that we have more inventory above us. This morning we finally broke PM support and got...
Although, Circumstances & atmosphere & situation doesn't favor bullish scenario.
But, I would like to be the GUEST to make this WILD GUESSTIMATE.
Even common sense says that some big downside movement is coming up that i agree upon as per market condition.
However, what i observe on the chart also defies that there is just much FUD in the market and market...
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Quick chart on S&P using Gann box/angles - been finding these to be a great asset when charting potential support and resistance zone. Chart on the left focuses on the next 6 months while the one on the right is for painting a picture of the larger correction that may be at play compared to previous significant correction.
Sitting below the 200MA on the daily,...
Who is this guy, Buffet's secret son or something?
Not quite, but you'd recognize my last name if you saw it...
Feel free to reach out to me if you'd like to collaborate on some trading ideas.
Here is the weekend look at the ES/SPY going into the trading week of Feb 14-18. The ES started the week in the middle of the neutral and made a bullish move into the top of the neutral before the CPI data release. Following the the data release price rallied briefly and then fell away dropping 3.75% for the remainder of the week. Price currently sits below the...
ES has been basically consolidating in a triangle inside a larger support and resistance zone since JAN.
4240 and 4540 have been key levels as far back as May.
Trade ideas in the chart but wether you're bullish or bearish I think you can follow price and trade accordingly.
Right now is a time to be PATIENT in my opinion and wait for the bigger move......
For bulls, good news is the possibility of 0.50% rate increase in March has significantly reduced last few days. And the bad news are all from Ukraine issue, which I think is a total nonsense, but obviously most market participants take it very seriously. Every a bit of even slightly possible Russian aggression will instantly drop the market. But assuming it cools...
Thursday Feb 17 (2022) (4H TF)
I’m Anticipating that price will sweep the Low For Sell Side Liquidity and possibly Perform an ICT Market shift Model that can give me a Long Position Targeting the Intermediate highs and possibly Filling Redelivered Rebalance with Final TP being Equal highs/ Buy Stops at Top. Will Update The before Entry and After Entry soon....
The concern that Russia is not pulling troops away from the border and there could be an invasion of the Ukraine any day. This concern dominated the market. The result is the S&P 500 fell out of bed. Additional news on the Russia situation could easily cause this market to move lower and for sellers to remain in charge. Therefore, the price action for Friday is...
One example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of...
Until we see a strong close on volume above the 4550 level, the market will continue to develop a right shoulder. This will allow the SP500 to work off it's oversold condition while volume indicates that the market is distributing vs accumulating stocks. If this distribution continues, we will likely see the next leg down begin within the next few weeks and we can...
let's go for the crisis, I am going to maintain the position in sales throughout the fall, adding new sales in corrections, taking partials and keeping most of them open positions, the entry is due to the inflation generated in the United States and a break in the structure of the market, looking for it to return to previous areas of demand
S&P 500 futures have respected the downtrend since Jan 4, 2022. They're headed to a support zone of 4,318 to 4,291 that was last tested in July 2021, October 2021 and January of 2022. Once they reach this zone, they might bounce... or not. I can't be sure what they'll do once they reach the zone, but it looks like they will hit that zone given the RSI is breaking...
