04 DEC 2014 - Update: Friends, Important NFP data coming out tomorrow. Expectation favors softer employment data. In the long-term, USDollar index remains bullish. However, the interim calls for unwinding. Looking at the $USDJPY, model defines a high-target at 120.996 - This nominal target represents a low-probability reach, but high-probability reversal...
The over all market remains strong. The NFP number is out on Friday and could pop us into the 2100 area. For now the path of least resistance is up. Be smart with your risk.
TECH-NOTE: From Twitter: ---------- #CME's $ESZ2014 eyes internal 1.414-Fib and 1-3-5 Line confluence: - via @tradingview | $USD $JPY #nikkei #forex ---------- Worth following as it correlates positively well with $USDJPY
S&P500 This Week Perspective This week should be the turning point on weekly chart and price should start falling off the high next week. Are we talking about the odds here, the import point I want to stress on here is the weekly high 2044 must be respected. Any breakout of this high will turn S&P 500 into bullish mode again 2064, 2070, and 2099 are possible...
S&P500 Forecast-ed Move for this week. ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week. For the short...
We bounced off of the 127 and the trend line with a vengeance, clear path to the 161.8% extension, I'll be buying until this channel is broken.
ES 12-14 is preparing for a weekly top next week Monday November 3rd, 2014. Any pullback to 2003-2004 zone will be a good buying opportunity for an upward move before reversal. Targets will be 2028 level and if the price closes above this line, next target will be 2048. Note the move will be accompanied by United States elections, 2014. I prefer testing the...
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Weekly bottom was formed on 15-Oct-2014 which is one week earlier than our expected ES bottom on this week ended on 24-Oct-2014. The price closed well above the critical sentiment level of 1941.50 on Thursday 23rd and continued the move on Friday 24th towards critical resistance lines 1965/1966. We are looking to buy the dips to 1940-1942 levels and if the price...
Pretty interesting to see the first lower low formed in yesterday’s trade, remember QE3 ends this month. Keep this in mind when looking at longer term trades. I'm moving to a cautiously short bias
The overall market is slightly oversold. The main selling on Friday came into the lower volatility, high yielding stocks and many stocks in that universe are now very oversold. Another down day will offer a good opportunity to begin scaling-into US indexes
Friends, A quick and dirty way to forecast your way across the blank screen is to make use of very simple tools, such as Fibonacci forward projections of its significant 1.618 extension. In the case of the #ES, here we are dealing with a high-probability geometry, derived from a Elliott Wave's pattern, in which we recently noted a Bullish Flat. Hope this...
Traders, Watch for possible decline to 1992 and subsequent 0.618-Fib recovery to structural resistance at 2003.75. David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
Short ES due to resistance at a prior support on the sliding parallel
In markets that can remain irrational longer than we can remain solvent here some tips to consider when using indicators on price. There is a reason they say the trend is your friend. GL out there!
// update 06-08-2014 // This chart was posted last month where we noted the limited upside potential. Price came off the highs an could be rolling over. Where and how we rebound are the key questions. The two support areas to observe are marked with the blue and brown arrows. It would be healthy to witness at least a minor bounce at the blue support level.