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The_Unwind
Jan 2, 2019 2:59 AM

Dramatic Triple Top Failure at S+P 2521.25 Short

E-mini S&P 500 Futures (Mar 2019)CME

Description

S+P 500 March 19' Futures ESH
have had a dramatic "Triple Top Failure" this evening
at the 2520 level instigating a sharp immediate 30 Handle Reversal to ES 2490.

This "event " should be closely monitored,
as it could spread overnight to the open of trading on the NYSE for 2019

If that occurs, bullish bounce expected. could be quickly negated.

ESH Last 2490.00

THE_UNWIND
1/1/19
NEW YORK
Comments
CodedFlow
this cat will not bounce !
azimi57

azimi57
Jan 1
Dear Unwind: Happy New year
Thank you for your patience. Regarding your vast experience with QQQ would you please mention about the risks they have{sqqq and tqqq}.for example, fees, rebalancing,tracking error and so on.
It would be perfectly educational regards
MystryBox
Isn't this just another trip to the bottom of the horizontal channel we've been in the last few days?
The_Unwind
@MystryBox,

Not by my read.

4 Hour Open Continuous Chart I keep on S+P Futures,
will show a major trend line failure at the 1 am open on 1/2/18,
if price is below 2489.75 OPEN
serepok
@The_Unwind, It was below 2489.75 at OPEN, so will the uptrend failure? Thanks!
I followed you not so long but you and your friends impressed me much!
ATCTA
Hey good evening Unwind, wanted to leave this here for you to check out, Mr Miner video this week - youtube.com/watch?v=_-J-GvHIcIs
I am not a student of Elliot Wave theory except from a very limited stand point but I think you'll like his take on this recent down turn, very much in line with this pullback almost to the $
The_Unwind
@Jay6336,

Jay,

This is very good. I had not been familiar with Mr. Miner, but his EW target points look spot on.
I will review in greater detail overnight. Thank you much for this link ! Happy New Year.
ATCTA
@The_Unwind, Happy New Year to you as well! His previous video Dec 8 also very good that was the first time I had heard of his work, he was highly recommended by another great trader that knew him from his commodity trading days.
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