CME_MINI:ES1!   S&P 500 E-mini Futures
Touched the overbought condition, MFI divergence. Rare intraday dump, but that's what futures signaled for.

Expect the gap below to fill tomorrow or Monday, but at the same time the market tanked so fast there's gaps down in futures . So more whipsaw I guess.

Either way, bearish for tomorrow, but you never know. Algos can get pumptarded.
Nov 07
Comment: Note: Things can change on a daily bases, don't use my charts for long term projections, I take things day by day as the indicators point the direction.

Bearish for tomorrow, but you never know.
Nov 07
Comment: As bearish as the charts and indicators may look, there's always the possibility that the Euros will pump futures again. I'm convinced that this has as much to do with negative interest rates in Europe as it does with the China trade talks.

As always, be careful what you short. One thing to note though is that FAANG stocks look weak other than AAPL. Don't short AAPL, damn thing is going parabolic, lol.
Nov 07
Comment: Futures whipsawing AH, appears that not all of the algos are on the same page. In the end, it's the Euros that get to decide the morning gap, so we won't know until the morning.

Futures looked weak yesterday as well, until they jacked it up in the morning.
Nov 07
Comment: Asians selling off, but the gap gets decided by the EUros, so we'll see what they do in the morning.

I've gone to sleep with futures down over 15 points only to wake up with futures up big. Futures are coming down from an overbought condition though, but the EUros can send it right back up like last night.

All my positions are short, so hopefully they don't jack it up.
Nov 08
Comment: Futures red across the board though only a couple of points. I think we get a dip and reversal today but you can never predict this wacky market.

At least there was no EUro pump this morning like the last 5 weeks, lol.
Nov 11
Comment: Note that I drew a pennant on the other chart, looking at this one, it could hit either trendline (upper or middle) this week.
Ty 4 updatez. I expected 3112 by Full Moon Tues, it's a Fibo extension. Look back at Nov 2017. Small pullback mid-month sparked the massive parabolic in Dec/Jan. Might be in for it again... ultimate ATH drive?!
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, I have no idea which way this is going to break. All I got right now are some BYND puts.
Reply
DaddySawbucks hungry_hippo
@hungry_hippo, Yea its a crapshoot now. My calls fell short of the strike.
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, I'm not tempted to go long because the Euro market looks bearish. Might be one of these weird scenario where the day computers fight futures.

If that's the case, then complete whipsaw.
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, all I gotta say is that GOOGL, FB, and AMZN look really weak and the market will have a hard time setting new highs without those stocks because they have huge market caps.

In any case, the pennant looks like it will complete first, it may bust out overnight.
Reply
hungry_hippo DaddySawbucks
@DaddySawbucks, it finally made the move. I expected it to come earlier this week as well but Asia kept tanking. Now that the Asia tank is over, we get to go pumptarded again.
Reply
DaddySawbucks hungry_hippo
@hungry_hippo, Yeah here we go dammitol! BOHICA take it in shorts!
Reply
Like clockwork it pumped again at 7.30 am something is up
Reply
it may break 310
Reply
@LoLBeach, it could, maybe even next week. Arrows just show I expect a whipsaw, not meant to be actual price levels.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out