15 minute chart inverse h&s on $ES_F -- same old pattern..... inverse into a floaty ass ascending wedge that floats up for ages knocking against the top trendline until it finally breaks down fast and hard... just enough to trap bears... than another inverse h&s lol, hilarious.. Powelll brrrrrr..
After yesterday's afternoon sell off, overnight session has been trading in a range similar to yesterday. As long as market can stay above yesterdays RTH session Low, bulls are going to try to push higher. Level to watch 3024 --- 3026
After such a strong rally yesterday, overnight session market has been trading sideways. As long as market stays above yesterday's Close, we probably expect a rally today. Level to watch 3032 --- 3034 Reports to be aware of are: US:Pending Home Sales Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET US:EIA Petroleum Status Report 11:00 AM ET
Double TOP bottom forming on 1minute and 5minute chart. Watch for price to make a sell off below 200MA on 1 minute chart
Yesterday during RTH session sellers were very active every time Buyers tried to start a rally. If Buyers can not push it above ETH Highs then we could see sellers become active. Level to watch 2997 --- 2995 Reports to watch: US:Beige Book 2:00 PM ET
Market has rallied substantially since Friday's close. As long as market can stay above 3000 (psychological round number), we should see a nice rally. Level to watch 3003 --- 3005 Reports to watch : US:Consumer Confidence 10:00 AM ET US:New Home Sales 10:00 AM ET
$SPY $SPX $QQQ $ES_F $NQ_F -- $ES_F Shorted the h&s + top channel line @ 3008 for a pullback to 2995 or so, with a stop set around 3020 -- looks like a decent setup on the 5/15 min chart.
Will SPX 0.618 bounce after filling the huge double gap?! That is a trade that I would make! Clear 12345 impulse just happened, way too many people are currently longing 0.618 resistance, be smarter than the crowd, wait for the retrace!...
Overnight session market sold off to Fibonacci 1.618 level of RTH session and started a rally. For this bounce to continue market will need to trade above yesterdays Close. Level to watch 2927 ---- 2929
Overnight session market sold off to test Fibonacci 1.272 Level from yesterdays RTH session. If Bulls can defend ETH low, then we might have a nice rally. Level to watch 2946 --- 2948 Reports to watch: US:Existing Home Sales 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Two previous trading sessions where sellers were very aggressive in the afternoon. However during the overnight session market rallied to test yesterdays HOD. If Bulls can not take out yesterdays HOD then we might have sellers active again today. Level to watch 2927 --- 2929 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Minutes 2:00 PM ET
After a great rally yesterday, market sold off aggressively during the last hour of trading. That is concerning because there are sellers at those levels. We might see some selling pressure today. Level to watch 2945 --- 2947 Reports to watch: US:Jerome Powell Speaks 10:00 AM ET
Overnight session market has rallied substantially. We might see a pullback and it might be a good idea to use Fibonaaci levels on ETH. Level to watch 2890 --- 2892 Reports to watch : US:Housing Market Index 10:00 AM ET
After a significant rally yesterday, market sold off during overnight session. As long as market stays above 50% Fibonacci level from yesterdays RTH session, we might see another rally. Level to watch 2826 --- 2828 Reports to be aware : US:Business Inventories 10:00 AM ET US:Consumer Sentiment 10:00 AM ET US:JOLTS 10:00 AM ET
After an Initial rally during overnight session market started to sell off. Would like to see a test of double bottom during overnight session before deciding on direction. Level to watch 2800 ---- 2798 Reports to be aware of : US:EIA Natural Gas Report 10:30 AM ET
After yesterdays sell off, overnight market rallied to Fibonacci 38.2% level. For this rally to continue, market needs to get above Fibonacci 50% level It seems like we might have both sellers and buyers active today. Level to watch 2868 --- 2866 Reports to watch : US:EIA Petroleum Status Report 10:30 AM ET
Overnight session market sold off to test yesterdays LOD and started to rally. For this rally to continue, Bulls must defend yesterdays LOD which also was LOD of day before . Level to watch 2894 --- 2892
Overnight session market rallied initially then to start selling off. It seems that both buyers and sellers are active and we might have trading both directions. Level to watch 2930 --- 2928