Just like other index futures, S&P E-mini has been overextended on monthly chart for sometime. Key resistance level as marked on the chart is approaching. Don't know if it's top. Any resistance can become support. So observe price action and manage risk.
Potential retracement/pullback/correction from current high and how much #ES_F will be back in price and...
We have a Buy signal
Stop loss: 3427.50
if the market achieve the target (TP), Yellow line is our Resistance and if it cut by a GreenCandle => use it as a Support and take another position to achieve our Second TP2 ( Blue Line)
We have a buy Signal (please Read carefully)
Probability : 65%
Take profit : 3506.50
Stop Loss: 3495
If we achieve our Target ( TP) then Wait until the Green candle cut the first Green Line => Take another Buy position and Use the Orange Line as the second Take profit 2. and the Green line is my new support.
If the Candle cut the Orange Line ( TP2) , use...
Good probability: we have a uptrend
The market will keep going up
% probability: 65%
Stop Loss: Red line
Take profit 1: The Orange Line
If the Candle cut with Force the First line ( Orange one) Then You can buy again
Take profit 2: The Yellow Line
We're initiating a swing short 3375 MESU2020 on the double top retest here in the Friday session globex. Using the first extreme turn on the 2H since 7/29. No initial stop, targeting the 50 Fib bid zone at 3300. Small starter position so risk will be .03% of account.
Another expression of the signal is synthetic short calls, shorting the ES and selling ATM ES...
For the week ahead, the 2975.75 is a key level to watch. If you notice my annotations, I am indeed outlining that there are two possibilities for price to play out. We're not here to make predictions, but the observation of how price plays out along this level is very important. Fundamentally speaking, the US is potentially in the second wave of the COVID-19...
After a concerted move down yesterday, the ES! tried to reverse the downturn overnight on reducing volume. It has mainly trade above the VWAP however, the overnight POC has been below yesterday’s. This could mean that price needs to come back and test the overnight POC or low before continuing up. After yesterday’s move, the price could just oscillate within...
Overnight price action was within yesterday’s value area. Overnight high tested Wednesday’s VPOC and price came down and has taken out Asian low. With overnight VPOC just above yesterday’s.
Economic figures out earlier were worse than expected, however had little effect on price. The main driver is the US-China trade decision. All things being equal price is...
This may not age well, due to the extent the markets and the plunge protection team manipulate these markets, but the S&P 500 is at all time highs, and there is the potential we are are a double top . This is just a warning to be on high alert. We made a new all time high, then fell back below, so I am watching to see if the 2950 area begins to act as resistance...
Overnight price has been confined below yesterday's POC, around the value area low. Price rejected the low pricing. During London morning session, price still undecided. Positive GDP figures pushed up price.
I am expecting price to test overnight highs and lows, and possible yesterday’s low, before going up to take out the weekly high.
A couple of figures still...