ES SPX At A CRITICAL Probabilities Zones...2008 Again or 5150 ?
In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week.
First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where the manipulate the markets with flushes and squeezes.
Second, watch the dollar ($DXY) - if it goes back down, it will support risk on assets and thus support the ES and SPX around the 3800 level. See my prior video on the VIX index for a refresher on risk on and risk off assets.
Remember trading is all about probabilities and there are no absolutes in trading. Stay flexible and go with the order flow.
Hope its helps
Have a great week everyone
Marc
First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where the manipulate the markets with flushes and squeezes.
Second, watch the dollar ($DXY) - if it goes back down, it will support risk on assets and thus support the ES and SPX around the 3800 level. See my prior video on the VIX index for a refresher on risk on and risk off assets.
Remember trading is all about probabilities and there are no absolutes in trading. Stay flexible and go with the order flow.
Hope its helps
Have a great week everyone
Marc
Decision Tools and Ideas by Traders for Traders