The ES range is now, what else...
4441 - 4490
VIX support remains @ 17.25, this is the level to watch for
an important reaction as we enter Settlement for M1 / M2.
The Fill @ Opening GAPS should be complete, we are not trading the
ES Gap Fill but the NQ's from where else... the Pivot @ 074 x 6.
For the S&P Futures, the 64.50 remains the important Level...
S&P 500 new wave started! ATH coming soon.
Every dip has been bought off.
The Rate of change (current red but turning) will turn green soon. This has been a market that is getting more predictable. The shorters are piling up on the dips and the bounces against them always happen.
The S&P 500 has flipped back to Bullish for the Short Duration Timeframes.
From a Weekly perspective, it remains in Negative Territory. OSC's remain well
below respecting the 3 and 4X divergences which built over months.
As Price traded down the lower Channel Boundary for the Downtrend on its third
test of Support volumes began to wane, although Money Flow...
If we look at the 5-6 Hour range we can see a bearish Gartley setup ready on SPY/ES. We might see SPY move up to 448ish before the pattern starts.
There appears to be a strong resistance at 448-449.
After wards we should see a move back down to 431 which is the 0.786 Fib Level. I'm new at technical analysis so if you...
Idea for ES/US500:
- Head and Shoulders pattern.
- Price stalling beneath 50 DMA.
- Trend reversals are characterized by exhaustion candles, and frequently end up in right shoulders as dip buyers step in. A most opportune entry is presented.
Wire to Wire Melt-ups is the very definition of an Aggressive Extension.
The price moved accordingly within NQ Extension to perfectly hit its first area
of Resistance the Heavy Depth of Market Distribution for the next Wave down
within the downturn off the High @ 15,708.50.
We are now roughly 650 Ticks from the September Highs. or conversely as
ES Futures setting up for an explosive week!
In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move...
SPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely.
~RSI has room to go to 430, so it is not out of the question of possibility
~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet?
~Using Elliot Wave theory's 5 part wave we...
4441 has finally arrived after a Lower Boundary in the 4260 Range
has held on 3 attempts to break.
During Globex Price made the Over-Throw to 4448.75.
It has been ranging during the O/N Session, sideways to up within
a 20 handle range.
The Higher Price Objectives are now 4481 to 4500.
Friday's are the Lowest Liquidity / Lowest Participation Day of the...
Patiently waiting for the Equity Complex to resolve after 6 long days of consolidation
within an expanding range felt far more lengthy than it was.
Yesterday we warned of the Overthrows in Down Trend Channels for Price as the Daily
Channel had tested Support at its Lower Channel.
We are using the important levels of 4393/96 and 4441 as the potential Overhead...
S&P500 still climbs up, making small correction downside during second part of yesterday session and then trades in range. The nearest opportunity for Longs would be after breaking above yesterday High and Gamma 0.5 (set as level automatically by script from Options flow) as this area is working currently as strong Resistance. Target placed at 4437 so calculated...
S&P will be green this week and here's why. I have been looking for when this dip has formed and I found it on the last hour.
Market waited to the very end before revealing the start of the retrace. Finishing the day higher than what it was trading mid day.
I envision lots of shorts jumped in and market has them trapped for a re-trend back to the bullish wave....
The ES has repeatedly failed its 50SMA, we are looking for an attempt at
Presently there is a wide spread on Put/Call (400 Puts vs 4500 Calls) for the
SPY. The 400 Level and 430 Level are Key supports, with 438 would be the
Gamma Squeeze point after the Columbus Day low volume.
We will see how the 400 - 430 Puts trade out into November, as this...
We are possibly in technically uncharted territories now that the SPY has broken it's long term upward trend and has now tested and confirmed a new downward resistance level. The market structure is also supporting a downward trend, with few points of volume showing sound structure through out the SPY -- in other words the SPY's profile structure is somewhat...