Get started
UnknownUnicorn1156963

Potential entries for coming week

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
UnknownUnicorn1156963  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Fundamental Analysis S&P 500 E-Mini Futures SPDR S&P 500 ETF (SPY) sp500index S&P 500 (SPX500) SPX (S&P 500 Index) US SPX 500 US30 DOW
2
0
trendanalysis chartpattern fundamental es1! spy sp500index spx500 spx spx500usd us30 dow
There is still no swing entry in SP500, but I feel we are getting close to it. Advance Decline Line and Insider Accumulation did an amazing job predicting all major moves. We want to wait till they speak again and hopefully, we will get divergence. For now, I focus on intraday and short-term trading. Based on cycles we can expect a rally this week. I can’t predict price action, but I have a few scenarios on my mind:

getting above Friday’s high on Monday is a short term buy signal
formation of Oops pattern on Monday
Turn-Around-Tuesday (if the market is down hard on Monday, it usually rallies on Tuesday into Wednesday)
So, let’s look for and take a very short-term buy signal in SP500.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.