Oh, man, what a day! Even if I list this route on my chart yesterday, if you tell me we are going straight down in 2 days to 4400, I would have my doubt. Overnight market hit 4454.5, 4.5 points from my bottoming range, but then it rallied toward 4520.5, above the 4511 low made yesterday after CPI report. At that moment, I really thought the drop was over, and we...
ES1! SPX500USD 2022 FEB 14 Week Last week's ES tested recent high and weakness at top presented a good short opportunity late week. Shall wait for price reaction at 4411. I am more inclined to look for short opportunity should price goes up on low volume. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set...
Last weekly candle triggered a BEARISH ENGULFING PATTERN ! Indeed, the failure to : 1) Recover above the Mid Bollinger Band 2) Hold above Kijun-Sen and Tenkan-Sen is confirming this persisting downward pressure in this weekly time frame. Looking ahead, it is likely to see an ongoing downside move with temporary recovery attempts in a countertrend tactical...
Going to attempt a different approach in the commentary to be as simple and direct as possible. The dudes and dudettes who run this Casino had a whole bunch of Whales at the Sports Book. Said Whales (and Money Managers) were feasting like the Chicago Bulls with Jordan and Pippen. Win after win as the rooms were filled with 90% pure Oxygen. Cocktails were...
Difficult to know where are you going, unless you are aware of where you've been. The Chart above has a Long-Term Count (LT) and an Intermediate-Term Count (IT). Presently Price has moved into the Long Term 5/5 after the February 2020 correction @ 4/5 via a 30% Correction. We resume the Bull Market into 5/5 (the FInal Rise) and moved through IT Count 3,...
I am looking at Fib extension level 1 around 3990-4000. the downtrend has its 1st leg down, now the second leg started and may have at least 2 sub legs down. 4000 also a daily gap that never got filled. Level 1.618 and 2 are also interesting levels. If the market did go to level 3, I will be all in, which I do not believe will happen this year unless...!
The S&P500 futures do not look well at all... Weekly chart has "hairy tops" that indicate failed rallies, and the candle body is engulfing last week's candle body, ending the week very close to the weekly low. Bearish momentum prevails clearly. supported by technicals below. Daily chart has a clear 55EMA failure, a second failure no less. The technicals are just...
IF the downside takes a full quarter then March is a possible bottom if not and a bigger retracement is formed June OPEX bottom etc. If Jan 24th low is breached then we can quickly assume 4119 and 3993 area will be a possible bounce. Slide below 3620 will indicate more downside.
I’ve been calling this for MONTHS, first I called crypto and then said the market will follow. This is it everyone, all indices are forming head and shoulders, rising wedges on all larger time frames. This will be largest market crash of our lives. Everything is set up to perfection, the charts, the economy, the global tension with Russia. It’s being put onto...
Looks like ES is having trouble at resistance. See my last ES chart post for an explanation. A lower low is still a very real possibility.
La correción de los último días se habrá tratado de sólo un pull back del movimiento real?
For dear life. It broke through this trendline on the 45 minute chart and then stick saved it back above. This is important as it is a line that was built up as a support line from the January 24 lows. It is very important for bulls to keep this up and not break to the downside. It is equally important to not test this trendline too much, because the more that it...
Although the Asia session in the S&P 500 was down during the European session for the S&P 500 the market began to rally until news about a possible invasion of Ukraine by Russia could happen at any point in the market collapsed closing on its low. Stock markets hate uncertainty. Commodity markets love uncertainty. I am not looking for another large day down...
Another wild session, another opportunity to suggest that you learn how to use RSI to find turning points, and perhaps more importantly, stay away from the drops that keep on dropping. In this short video, I revisit the same concept from my past 2-3 posts, which is how to use Relative Strength (with the correct settings) to identify potential reversal points in...
Just a possibility I see playing out around this price. Looks weak. Technically speaking and contextually. Not a recommendation.
hello o/ potential change of trajectory in the indexes as of today in my previous post i discussed the idea of us having reached a significant top \ the potential to see a move down to around 4100. we ended up double topping \ backtesting the same 12 year level i was eyeing for awhile now. if you seen my 12 year count on spy, you'll know the significance of this...
For 2/11 #es_f Mar * Y'day balance 4551 * ON balance 4481 * Weekly balance 4497 * Control 4517-4532 * Stop Size * 15pts Longs above 4510 target 4541 then 4577-4621* Shorts below 4510 target 4476 then 4456-4437*