3 short setups I'm watching (red circles are indicative),
First one is currently in play. Looking to cover ±2730 around April 1st. Stop out when 2828-2830 is reclaimed on 1d close TF.
Let's see how the market develops. The middle part might take some extra bars, in that case will update at later stage.
I am looking to see if there are still unfilled orders in the 02 area. if there is we should expect a move down and away. this is the only trade im looking at today as going long this week is more risk than I want to take.
Looking Back the First Trump Vs Kim Summit in Singapore on 12-Jun-2018,
Market is peak and heading for retracement day after the Summit.
Now, 27/28 Feb Summit will this happen Again ?
Also this coincide my previous MACD Dead Cross Counting mechanism + 12 Day Extended cycle.
For who Reading this -
DO NOT TAKE THIS AS PREDICTION.
Trading is only based on FACT and...
EMINI SP has been trending higher session after session. The Trend looks completely healthy and there seems to be nothing that is contraindicating the current Major Bias.
Hence, with the established Structure in context, a major buying opportunity is at the Marked Zone. The price is very likely to fall back in the direction of the trend at the zone.
If the price...
I'm currently testing how balance areas work out and the 2way auction process.
We've just moved out of balance and are getting higher again.
If we test the last balance area and bounce up - the next resistance is around 2804-2816 (previous big balance area)
If we fail and go lower - we will test the lower end of the last balance area at ~2680
We can of course...
Emini has been showing a Strong Rally to the Upside on Daily and Hourly has had a very neat Price Action.
Looking at the Current Price behavior, I am expecting the price will stay in its course to make a move much higher.
So, my idea is that the Price may Pullback to the initial Demand Zone and may Rally from there. Further Price Action information is needed...
The white up-sloping lines are the lines of a LT Pitchfork. The dashed one is the WL1 (Warning-Line 1).
Price was not able to find support above the WL1.
So it's naturally break down and...we see a classic retest from below. Picture perfect rulebook trade!
Then price trades south again and nearly meets the Centerline of the yellow Fork.
The red dashed line is...
SPX - The most traded Derivative Product on the planet.
Its at Market Profile acceptance zone (Undervalued) on a Daily chart.
Market Internals TICK Index and UPVOL and DOWNVOL - Suggests the same reversal
Running behind the price action of SPX, will not be good enough to trade this sophisticated product.
Market Profile/Volume Profile + Market Internals(TICK...
Wednesday's rally did indeed hit resistance at the 2732 level and then pulled back some (green arrow). Enough for partial profits but nothing to write home about. The pullback was short-lived and continued strength on Thursday gave way to a significant breach of the 2732 level on Friday (red arrow). To me this means one of two things:
1) I have the wrong...
I see a possible mean reversion pattern ,so current probability of touch at 2775 is 52% and increasing, thats my current trade plan for this week and a 2.01 risk reward ratio possible profits of 87 points and a profit of 4350 bucks per contract. Thanks :_) Give a Like
Thanks to TradeDevil's analysis I also looked into SP500 in the bigger picture.
One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe.
So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long?...