all notes on the chart. Watch for a sharp reversal after a breakout sucking in retail traders.. If this reverses sharp say goodbye to BTC :/
Friday was rough for Traders' offsides. I'm reluctant to even state the obvious at this point as it is self-evident. If you were on the incorrect side, feel for you as it was an insidious trap. In conversations with Traders, the large majority were Buyers for Friday. My bias was lower and a Negative close as SPX buyers had positioned for the Kill. The Falcon and...
Island Reversal's are said to be some of the strongest reversal patterns...typically the strongest ones form at a significant top or bottom and are usually news driven. While I do not feel we are at any sort of significant top; I do see today's price action as a near term reversal pattern as long as we can hold the gap that was created between Friday's close...
the two line are marking the inside of the 15 minute as it was at time of posting. If this remains the same the following candles will look for a trade from the action outside this range. I personally would like long better, staying in the range. This said short momentum is there.
This is the retrace i was looking for, and has returned the market right back to the prior double boxed area on chart. would expect we test the bottom of the box. That is the level will have the radar on full alert. ES 4088 is the zone i see possible support. Today will look to take advantage of the weakness but do think a chop or small retrace back up to 4170 area.
Another study on market cycles! Starting this study from COVID bottom, we look at the bigger cycle using the 200ma and the intermediate cycles with the 40ma. Currently - I see an intermediate stage 1 base which is both a diamond and range box breakout. stage 2 identified with a 40ma cross. Downward broadening channel break with another upward extended...
Perfect 4200 hit, I had few running from 4148, some was exited at 4172 and 80, one at 4196.5. Have only 2 left, will exit at BE or if we extend to 4210-20. Im short NQ after the close. Nothing broken, Im looking at it as another bear rally. EOM will be quite surprising. Its def frustrating for many who short every top, have stops!!! Always hedge! If resistance...
this is todays position i took for $ES Failed swing to the AM session target which created more liquidity to go for during PM session
Exit longs here, short with a stop above am highs, SPX still can stretch into my second target at 4177-9
ES has a bit different look from SPX, needs to hold here if it going to continue sliding. I have exited half of the longs from 4148 here, rest BE
SPX Daily Chart - Linear Mode This post will have multiple charts to show my point behind the title I test my channeling by inserting fib levels to legitimize it's positioning. Channels can be drawn very subjectively leading to disastrous conclusions. Ask me how I know... What clues does this channel provide? The median line is a price magnet...reversion to the...
Current SPX range . Above supply expect retest of 4200. Below 38.2 fib expect hello vwap or the lower fib to hit .
Must hold this level and especially 4140 to press to 4160-65 Im flat, will be watching the close to make a decision for tomorrow.
How often does the Market reward both when they are aligned? Not often. Rare to see both seeking Prices to move higher, and potentially why Wall Street will shake things up with a few surprises. Volumes declined significantly yesterday. NVDA reports today. ________________________________________________________ In all probability, they will attempt to...
Below the current fib lvl ( which it bounced perfectly on ) expect possible bounce near 4080 or down to 4060 it is.
I want to point out this bear flag, both on the ES and the NQ, perfect fib alignment into 12703-20 zone. Tomorrow is a panic cycle day, will it be a gap down and reversal or we just break down? My timing for the low is still the 25th and possibly 29th I like 4069-80 zone hit and hold, failure to hold it will get us down to 3930-50 zone before it's over.
Increasingly, competitive crosscurrents are creating notional Equity Directional disturbances. A large number of Investors/Traders have convinced themselves the Federal Reserve was attempting to Bluff the Markets. Running Indexes up off the Mid-June at the greatest rate of change in history once the SloMo began to move through its varying psychological...
Be careful if long! This could gap down tomorrow again and hit 4065ES before a good size bounce to 4190-4200