Is this the proper way to start a new bull market? Asking for a friend... -Home prices relative to income are higher than during the peak of the 2008 financial crisis. twitter.com -62% of new homebuyers are having trouble paying their mortgages. listwithclever.com -Some cities already seeing a rollover in housing prices with a rise in...
Whilst this year's 'rally' on the S&P 500 has been mediocre at best, the increase in net-short exposure to S&P futures has been impressive. As of last Tuesday, large speculators pushed their net-short exposure to the futures contract to their most bearish level since late 2007. Yet with prices rising whilst speculators increase bearish exposure, there is a clear...
According to the US30 analysis, the price of spx500 can also have a down trend in the long term
On daily timeframe, we have a last pump wich show us the level of distribution area, nothing bullish undeer 4200. If the daily candle will close under 4.160, i will enter short
Will ES continue to break down the main channel support? If we do not hold 4150, I believe we will see a much needed cool off and a main channel retest around ~4120. I played a short overnight for 20 points for a measured move of yesterdays leg. I believe we will see a small bounce to retest the uptrend, then see continuation down to the main channel as we have...
Put Option' Premiums are cheap compared to the chance of having a pullback. RSI in overbought ranges. Volume has been decreasing for the last weeks. Entry Level: 4130 Stop Loss set at 4220 . First Take Profit at 4050 . Second Take Profit at 3980 . *Important to pay attention to the price action at the level of 4050. If it is recovered quickly,...
S&P 500 has been moving on Ascending Channel for about 12 years😱. S&P 500 had an Impulse wave with an Extended 3rd Wave . When wave 3 is extended , we can use from Elliott Wave Fibonacci Retracement and Extension Guidelines of extended waves : 🔅 If wave 3 is extended , waves 1 and 5 are often nearly equal in magnitude and duration.= This...
Hi Traders, This is my view for today on ES Micro and Macro structure are both aligned. There’re few zone I’ll wait for the price to test: - 4025 for a short - 4080/90 for a short, as well - 3960 for a long (but I need a strong confirmation) Pit, Trading Kitchen DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies,...
Risk on is back and SPX will be climbing in my view
Hello Traders, on higher timeframes CURRENCYCOM:US500 is trading on a triangle. For the moment we don't know where will be a breakout so we're trading inside of it. Next target probably the 3850 level.
Wow! This is a first for me, in such a large timeframe. Looking at both patterns forming. The larger head & shoulders pattern may take precedence, as it is generally considered to be a more significant pattern. If the H&S pattern is confirmed, it would suggest that the uptrend is ending and that a downtrend may be beginning. However, if the Inverted H&S pattern is...
Hi Traders, This is my view for today on ES Ok, the micro-structure. Is aligned to the macro one from are 4050. There is one more GAP to fill around 4080 area. Today’s target is 4090 and could be reached directly during London Session or (better to me) by a liquidity grab from 4057 or Asian Session High Level. Pit, Trading Kitchen DISCLAIMER: Trading...
Our short term trade paid off nicely even though it took 5 days. The price headed to our target price of 4,008. We now need to bank our profits and move on to the next trade. Now we have a gap that is still to fill and we have orders to still fill on the daily (Fair Value Gap). But I'll let you know!
Hi Traders, This is my view for today on ES In terms of Structures and Technical Analysis, everything is BEARISH, next target is 3838, honestly I don’t think will be touched directly during today’s session. A possible manipulation around 4000 level key zone during US opening could bring market to the target. Pit, Trading Kitchen DISCLAIMER: Trading activity...
We are looking at the SP500 on 15 minute time frame. we see two Dotted lines - Green - Daily High of the previous day Red - Daily LOW of the previous day The daily trend is DOWN - so Daily Bias is look for shorts. The first hour, the market came down and formed a new low before we had a break of structure to the upside. This forms what's known as Sell Side...
Hi Traders, This is my view for today on ES Macro and Micro strutture are both BEARISH and aligned. 3902 recent structure has been broken, which is why we must continue to believe that the recent low at 3880 is the next target. There is too much liquidity above Friday's high, which I think can be touched before we go towards target. Personally the most likely...
dear traders sp500 in this case trying to correct the big move i see if he break above 3877.9 you should take a long trade target will be at 40.11.00 trade safe
Hi Traders, This is my view for today on ES Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short). Pit, Trading Kitchen DISCLAIMER: Trading activity is very...