Yesterday afternoon's sell off should be a reminder that sellers are present at certain levels. Need to see a test of ETH High. Level to watch 3380 --- 3382 Reports to watch: US:ISM Manufacturing Index 10:00 AM ET US:Construction Spending 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Overnight session sellers were aggressive and buyers are trying to rally this morning. If Bulls can not get over Fibonacci 50% level of yesterday's RTH session then we might get a sell off today. Level to watch 3330 --- 3332 Reports to watch: US: Pending Home Sales Index 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
Overnight session market has been trading in a range which could be the case for RTH session. Would like to see a test of ETH Low. Level to watch 3334 --- 3336 Report to watch: US: Consumer Confidence 10:00 AM ET
Overnight session has continued to rally since Friday's RTH session. However, it seems that the rally has slowed down this AM. Test of ETH high should provide some direction for the day. Level to watch 3328 --- 3330
Bulls are having difficult time to put together a rally. When price is around any round number as 3200, it is prudent to keep an eye on it and see how traders react. Level to watch 3210 --- 3212 Reports to be aware: US:New Home Sales 10:00 AM ET US:Jerome Powell Speaks 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
E-mini still just a two leg mean reversion at this time. When price gets so over extended from the mean like it was there can be some overshoot to the downside past he mean.
Yesterday market closed above previous session's close which gives bulls momentum. However, to continue on this momentum bulls need to defend Fibonacci 50% level from yesterday's RTH session, if it gets to that level. Level to watch 3300 --- 3298 Reports to be aware: US: Jerome Powell Speaks 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
This is my expected (predicted) price action. It states 33% up and 66% down and it's valid only until end of the day. Let's see how is that going to work. Disclaimer: This is not financial or investment advice Stay healthy, trade safe. Atilla Yurtseven
Yesterday's afternoon rally seems to have hit resistance at Fibonacci 1.272 extension. Any test of ETH high should provide some direction for the day. Level to watch 3278 --- 3280 Reports to be aware : US:Existing Home Sales 10:00 AM ET US:Jerome Powell Speaks 10:30 AM ET
Probability: 65% for my prediction We have a Buy Signal ( even if we are in a downtrend) The Stop loss and Take profit As Mentioned on the Chart Please Note: I Close the Trade Manually so , my SL: 3220 and my TP: 3271 and if the green candle cut with force the TP line then i take another position and choose another TP :) Manually !
This is the second leg on the retracement on the 4hr. Nice pickup on the 30/15.
All last week market has closed below previous session's low. As long as it continues to do that, bulls will have a hard time to stage any significant rally. A test of ETH Low could provide some direction for the day. Level to watch 3251 --- 3253
Price looking to reach the 3200 big figure for the most part! And that is where our targets would be
Probability: 65% STOP LOSS & TAKE PROFIT As Mentioned on The Chart Note : RATIO RISK/Reward =1.36
Yesterday RTH session market sold off initially then bounced. ETH session is also doing the same pattern. Therefore, test of ETH High should provide some direction. Level to watch 3359 --- 3361 Report to watch: US:Consumer Sentiment 10:00 AM ET