ES - S&P 500 move is not over yet Short

E-mini S&P 500 FuturesCME

Description

⋅ Apr 26, 2022 6:29 AM

Yes, SP500 is down a lot.
Many indicators show oversold.

But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.

To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.

#planyourtradeandtradeyourplan

Comment

⋅ Apr 26, 2022 1:58 PM

How R u guys & gals doing?
Making money? ;-)

It's totally OK to take partial profit or close the position earlier if you have a nice bag of $.

And don't let this one morph into a looser if suddenly price jumps!

Comment

⋅ May 11, 2022 5:27 PM

Huge pressure.

Beware to short into the hole!
We are at the Centerline again. There is a high probability, that the market will bounce north.

Comment

⋅ May 11, 2022 5:27 PM

Comments

chaugiang73

⋅ Apr 27, 2022 10:33 PM

Thanh you.

Tr8dingN3rd

⋅ Apr 28, 2022 5:40 AM

Hey @chaugiang73,
Your welcome, hopefully it worked for you too.
Happy day.

firemarkets

⋅ Apr 26, 2022 10:05 PM

Amazing analysis. I have followed Tim Morge for some time and have to say your work is excellent. I am eaglestar if you want to find me.

Tr8dingN3rd

⋅ Apr 27, 2022 6:05 AM

Hey @firemarkets,
Thank you very much.

Wow, these where the times when he was teaching with Shane, right?
I was a student for many years of his Market-Geometry group back then.
Do you know what the heck happened with MG and why they broke up?
Found & Follow you eaglestar §8-)

firemarkets

⋅ Apr 29, 2022 12:57 AM

@Forker, Tim passed away and Shane broke off and started his own site before he passed. Hit me up by DM I would love to share ideas. I got some ideas for a few things.