All in the video, basically bears are in control as long as we're under the green channel trendline (which failed today), bulls are in control above it. Possible megaphone pattern may come into play. I believe the bottom for this year will be around the 3-4th week of October.
Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities)...
All in the video, expecting a pullback but how much is hard to say if it's a B wave. Logic tells me to feed the bears just enough before they take away the plate, but we'll have to see how CPI is reacted to tomorrow. Oil looks very good for a move above 100 still, Wheat could still be a Flat completing, but I'm not concerned about a pullback if it does. Gold,...
Had a bearish daily bias to start the day. Stops were taking after an aggressive move up, very bearish move. Waited for a break in market structure and entered at a fair value gap on 1m chart. Could have held for longer but lows were being respected previously so we had to be careful for any smart money going long. Profits taken.
Video analysis of the recent Price Action to the SPX500. Hope this helps anyone interested.
I am trying in this analysis to figure out the price movement of the ES futures in the coming months Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant supply zone on the price front. We could see some...
In this update we review the recent price action in the EminiS&P futures contract and identify the next high probability trading levels and price objectives to target
Just a quick trade map of where I think the opportunities might be on the current 4-hour configuration. Looking to get short in the 4075 area with a main target front running the balance area
SPY is heading lower as expected and is now in our target area. In this video I discuss why the selloff could possibly come to an end soon, and how we can see this in correlated assets.
Predictive for 2-3 days. Levels and direction. Please subscribe and give some likes if you find this video useful
Has the S&P reversed? In this video I look at two potential Elliott wave counts, and why the 10 year Bonds could indicate the end of the selloff.
In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week. First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where...
CME_MINI:ES1! tested 4500 levels yesterday and got rejected severely after the markets where spooked by FED's hawkish comments on aggressive rate hikes in the near future. CME_MINI:ES1! is in the process of breaking a major confluence of support around 4400 indicating that BEARS are firmly in support and the index futures are headed for a test of it support at...
There's the key levels to look out for this week on the US indices!
In this update we review the recent price action in the SP500(futures contract) and identify the next high probability trading opportunities and price objectives to target
Entered for a 10% RoM - 0.50 Credit - large MoE on this trade, and compensation was there. When will this turn around, I do not know but the goal here is to be in place for when either a turn around happens or atleast a new range is established.
Lets see how the open plays out, It's volatility season.