Many buyers were caught in today's selloff. This zone shows where the most volume of these trapped buyers is. Take a short when price comes back to this zone.
Probability: 65% We have a Sell signal Stop loss:3570.25 Take profit: 3549.75 High Risk with a good probability and opportinuity
Yesterday market rallied to Close at ATH. However, last few weeks when the market would rally it would be on a lower volume than usual which could be a sign of distribution. During overnight session, sellers have been active to test Fibonacci 50% level from yesterday's RTH session. Level to watch 3559 --- 3561 Reports to be aware : US:ISM Services Index 10:00...
E-mini is trying to roll over but with some resistance from momentum chasers
If we're going to pullback soon this is where it'd start. Upward channel since July has held so something to watch to downside $SPY $SPX $VIX $NQ_F $QQQ $NDX $TLT $TNX $GLD $DXY #ElliottWave #Stocks #Trading 📈
Probability: 65% The S&P will keep going down Swing Take profit: 3528.50 Stop loss: 3549.50
Since yesterday morning, this market has rallied to another ATH. Test of ETH High should provide direction for the day. Level to watch 3545 --- 3547 Report to be aware: US:Factory Orders 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET US:Beige Book 2:00 PM ET
After last minute sell off yesterday. market has rallied to test yesterday's High during overnight session. A test of Fibonacci 50% level of yesterday's RTH session should provide some direction for the day. Level to watch 3502 --- 3500 US:PMI Manufacturing Final 9:45 AM ET US:ISM Manufacturing Index 10:00 AM ET US:Construction Spending 10:00 AM ET
Market started to pull back after rallying to Fibonacci 1.618 extension of Friday's RTH session. Test of Friday's Close should provide some direction. Level to watch 3503 --- 3505
Probability: 65% The market will keep going up Stop Loss: 3477 Take profit: 3498.50
Yesterday's price action should be concerning to Bulls, because Sellers were very active at certain levels which was evident by watching volume. Similar price action is evident on ETH session. Test of ETH High should provide direction for the day. Level to watch 3494 --- 3492 Reports to be aware : US:Chicago PMI 9:45 AM ET US:Consumer Sentiment 10:00 AM ET
Overnight session market has been trading sideways, we could have a repeat of yesterday. A test of yesterday's Fibonacci 50% level could set the direction for the day. Level to watch 3473 --- 3471 Reports to be aware: US:Pending Home Sales Index 10:00 AM ET US: EIA Natural Gas Report 10:30 AM ET
Managed to squeeze off another small long on e-mini. We are building up to what a call a 'fat pitch'. Watch the tail risk!!!
Yesterday market closed at another ATH which would be three days in a row. However, overnight market has been trading sideways. If recent pattern holds than we might have another day of rally. Level to watch 3451 --- 3453 Reports to be aware: US:State Street Investor Confidence Index 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
The ES is behaving pretty predictably as stated before. The sequence of events are coming together just fine. 1) ES reaches the old all-time highs. 2) Overly eager and arrogant bears force their vision of a double top pattern followed by their dream of a crash. 3) Bears short with their leftover ammo then place their short stop at the most obvious place (around...
Probability: 60% High Risk! but you can choose Another Close TP ( and use your own strategy :) ) TP & SL on the chart but as i say: high risk!
Overnight session market has continued its rally from yesterday. However, market has a tendency to regress and a test of yesterday's Close might set the direction. Level to watch 3440 --- 3442 Reports to be aware : US:Consumer Confidence 10:00 AM ET US:New Home Sales 10:00 AM ET
We have a Sell signal Probability: 65% The market will keep going down SL and TP on the Chart.