Overnight Trading for 11/23/18, 4 Hour Chart
.... Could Be Very .
A Breakout Above 2672.00 in Dec.18' ESZ,
would Confirm a Short Term Bottom was in Place
and would be a screaming BUY SIGNAL.
Until then,..WAIT For CONFIRMATION,
USING 2625.00 as a LONG STOP.
ESZ 2643.50 Last
11/23/18 400 am
This is my own Proprietary Analysis, NOT meant as Trading Advise.
Just 1 Tick. Away....,25 ..think of that.. from my Dec. S=P Futures Buy Signal
that I had written about on 11/23/18 was possible
BUT RESISTANCE At 2672.00 HAS HELD YET AGAIN.
11/26/18 High Thus Far is ES 2671.75
I have repeatedly suggested that ALL rallies up
to the 2670 SPX and 2672 ES should be SOLD,
and today's sharp morning rally is yet another....
FAILED BULL RALLY PAST CRUCIAL RESISTANCE,
that I am defining for you here.
Should ....Dec 18 S+P Futures go on to rally past 2672, at any point in the future,
without making a new new low below ES 2625 ( as noted in my article above)
my own analysis continues to say that would be a confirming BUY SIGNAL.
Shorts should recognize, and take notice.
Disclaimer. This is my own proprietary chart analysis, and is not meant
as trading advise of any kind. Thank you.
11/26/18 120 PM
notably in the Cash SPX in the 5 minute time frame
on this rally, ABOVE previous rallies up to 2670
and that bullish divergence in RSI,.. MUST BE NOTED HERE.
11/26/18 200 PM
Reversed the Buy Signal given at 2772 this afternoon.
After rising to 2676.25 High today,
In After-Hours Trading,
2672 has been broken to the downside
giving a RENEWED SELL SIGNAL.
A Potential Bull Trap...on the Breakout. Wow.
2663.50 ES Dec.18' Last
11/26/18 445 PM