BengalTigger
Long

ES; Ticket to the Moon!

CME_MINI:ES1!   S&P 500 E-mini Futures

Jan 16
i don't know what happened but my old chart kind of got messed up. Do not like this but will try and recreate the old one. Anyways, the 2626-2630 level got tagged today and we sold off!. That level was not only a fib level, but also the bottom of the range of Oct/Nov from where we broke down and so was likely to act as resistance. For now, I se support at the 2600 area and below there is support at the 2587 and then 2560 area . (this was the bottom of the range for last week) We might PB here to gather some steam to tray and target the range of OCt/ NOv. Targets there are 48-53, 76, 91 and ultimately 2726 or so. Still a long way off. SO a break now of around 2612 will likley head to down to the 2597-2600 area. Lets see what tomorrow brings. For now, ES sealed the break down with a Kiss..!
Jan 17
Comment: Well, here we are tagging the 96 area. For now, it seems that 2609-2610 will likely be all we get to the upside. My expectation is for a test of the 2587-94 area
Jan 17
Comment: Might get to ydays close. By my take, the more time we spend below the 2613 area, the likelihood of 2582-87 and potentially 2560 increase.. Perhaps a rally into the open, close gap and then sell off. O/N we bounced off consolidation range high from last week in the 2596-2600 area. I kind of like the 2582 area to begin with.
Jan 17
Comment: We got the rally into the open closed the gap, but did not sell off. There was a scenario that might take us back to 2628-30. As I am writing this it appears that we might be turning here. Whoa! what was that. News. What a candle. We got past 2644 by a hairs breadth. That was a 1618 fib.. now getting back to earth. Looks to me that the 55-75 area is a possibility. AS long as we stay above 2612 or so.
Jan 19
IF you look at the chart prior to this (Seal it with a Kiss) I had drawn the triangle (Magenta) which we broke out of to hit 2626. IN that I also drew a Red dotted line that ran from the 1/8 low to the 1/14 low, which ran through the 2584 area. Whilst the support lines (dotted green) represented areas of support, at 2601 and then 2587 I believed that we were forming another IHS and the RS would be the 2587 area, as it also coincided with a VPOC on the 30 minute charts. I guess I was caught on the wrong foot. I was correct in assuming that the O?N gap would be closed and in the back of my mind had a less than 10% chance of hitting 30 again. I never, imagined that it would run straight up to the 45 area. I expected it to head back to the 87 area before reaching its current levels. I am not surprised we are these levels, as I have posted these for a while, just that I thought a little lower then higher. That is the beauty of this vocation. Now we are at the 77 level, the next area comes in at 88-90. IN the VST support is at the 32-46 area and below that we have the 2626, 2600 and then 2566 area.Now that we are here at these levels, above 88-90 is the 2710 area and then 2732 and then the 2782-86 area. I have a ticket to the Moon, for now. It will come back down to Earth, at some point. Have a great Long Weekend!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out