I am waiting patiently for a continuation of the trend trade for the month of July. With 100-point profit potential using a 25-point stop. 1 ES Contract is $5,000.00 USD potential. 1 MES is $500.00. Risk will be roughly $1,250.00 per 1 ES $125.00 per 1 MES Remember risk comes first and foremost before potential profits My...
We have been in a bear market since the beginning of the year. I do not see any letting up. It is looking like 2008 all over again. Here I see a bear channel pattern almost setting up for a measured move back to 3400. A 500-point move. ONLY if I can see a strong close under the trend line.
The four hour chart just completed the reverse head and shoulders. I am looking for a counter trend sell back to the MA and then the support Long trade back to 4100.
Overnight session is more than likely going to continue the downward trajectory in price and maybe NY session will take out the highs as a retest. There is money still sitting up there
In consolidation up high at '25 level. Creeping trend down with support at the '25 level. NY session was a rip. Profitable trades in the money are sitting down at the 3800 level. Do we hit the high first at 3850 to clear the top then drop to 3800?
possible long idea off 3800 support. I am looking for a target of around 4000 before the next major sell off.
Looking for a bear channel to form. short the trap high. ES I am expecting price to fall to 2500 area and possibly lower. We are just barely getting into this crash. take advantage of the sell highs