my ta shows spy could bounce all the way up to 438 tomorrow with a next leg up to 445. MM won't want 410P to be itm, many puts being sold
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For weeks, I have been expecting market rally toward FED meeting, however, by losing almost 3% today and close at dead low, I think bulls are losing this battle for now. We will have CPI report this Thursday morning and Fed meeting next Wednesday, both add to the uncertainty to the market until it's done, which make it very unlikely for market to go for the...
Read!!!! Alternate Count if we can't hold the previous low Target Area --->>>>> (White zone) : 1. Algo Target 2 .Pivot points 3. Parallels Meet 4. Prior structure of a "Lower Degree 4th wave" 5. Fibonacci from the pivots of 2nd wave ---> 4th wave 6. Measured Move "Golden Zone" 7. Time Extension "1-1.272" 8. Extension from W ---> X ----> Y...
I'm not suggesting here that the broader equity market is going to violently sell-off soon or anything like that. I figure that posting an idea on such a scenario might be useful just in case volatility picks up a few knots with some foreseeable seasonal headwinds. Also, the broader equity market is probably going to sell off soon. Now that the possibility of...
spx emini futures are looking like they are on their last leg intraday. puts are coming in that are slamming this thing into the lows, and it looks like that support may break. 4225.25 is a decent target.
3,7.22 ES1! Part 3 Let's analyze what happen and think about what would have helped in making trade decision as a seller AND a buyer.
Sunday night, bears finally made a sustained break of 4290~4300 support zone and the trending line support, so triangle is ruled out, we hit 4238.5 which is right in the support range for standard wave (2), and rallied 80+ pts so far, micro structure can be viewed as a 5 wave up, so that could be the wave 1 for push higher. So if we could get an pullback today in...
For 3/7 #es_f Mar * Y'day balance 4321 * ON balance 4268 * Weekly balance 4285 * Control 4328-4344 * Stop Size * 26pts Longs above 4338 target 4368 then 4392-4434 * Shorts below 4338 target 4323 then 4297-4234*
Good morning Traders... The market is really liking this 4322 area, as it keeps returning and churning in that area. With that said, this is still a market that is susceptible to big moves due to news. I would expect to see the market continuing higher today, as we try to push back into the middle/upper part of this heavily traded area.
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3.6.22 ES1! Part2...................................................................................................................................
3.6.22 ES: I think the ES is going to trade lower, unfortunately were a little late on a trade tonight since the market has traded lower off the open. Basically, I started the analysis after I started the video. I gave stops that were a little too rich. As I listened to the playback, I should have specifically stated that if you were short after the open on...
The chart says it all the 23&382 @ 3820 & the first week of 2021 close. Only time shall tell 🅿️
Failure to hold yearly range near 4250, we then go south to test highs of May 4230's.. Our weekly support is around 4200, that fails to hold and we see 4150 keep in mind there is always lower, for example the gap near 4015 on the 1W chart..
$ES1! $SPY $SPX Key Levels, Analysis & Targets I will be looking to get back in on the weeklies, because that has been working out… but we shall see how this opens and hopefully I have a way in… any drop in vix at all and I'll be trying to jump in I’m also holding many puts out in April, which I also will be looking to take profit on soon and start positions out...
The SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to...
I've indicated area(s) of ascending and descending support and resistance for the week ahead. Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week. When price settles above an area of resistance, that resistance should then serve as support. When price settles below an area of support, that support...