Watch a very important Level (1894) www.facebook.com
Expecting ES to continue declining for next couple of days.
Looking at MACD on the weekly for SPX500 reveals that historically when MACD is negative for as long as it has been recently, SPX500 has crashed further. Weekly MACD suggests a bear 2016-2017 for SPX500
So, 1st Fib. level has been broken. Target is 50% now
Short term Long: Long at 2063, tp at 2076, sl at 2060 Long term Short: Short at 2080, tp at 1640, sl at 2140 Here's the movie link: kat.cr extra fun, thanks to quandl, don't know you, but nice idea LOL:
Still holding a small size on ES longs from an avg entry price of around 1854. Targets and stops as shown. It's probably safe enough to move the stop to either the breakeven point, or below 1870 (S3 pivot daily). The rationale is basically dip-buying. There's a lot of market chatter about the "death" of dip-buying (beta.finance.yahoo.com), but that underscores...
I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
In bounce mode - came into res. 1-1 pattern. Now support is .382 www.facebook.com
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
SPX (ES) came into res. area: www.facebook.com
Most of the notes are on the chart, but I wanted to make a chart, showing the current bearish activity. We blew right through the Bullish crab PRZ. We then created a bearish crab that completed in the PRZ of the previous bullish crab PRZ (Which became resistance). After the bearish crab completed the type 2 reversal, price then attempted one last shot at...
With US market deeply os, bounce expected. Target (nearest one) - by arrow. BUT longer time frame - still BEARISH
We hit local support on Globex. Here is update - going up (inevitable) into Res. (50% level) www.facebook.com
After the brief bounce we saw today, it seemed like buyers just were not able to muster enough momentum to derail SPY's downward move back below $200.00. As of 11:38 PM ET, /ES minis were trading 17.50 points down which could spell trouble for SPY with a significant gap downward Wednesday morning. If SPY opens below $200.00, I think the ~194.00 target is pretty...
Euro hit 50% level, where it bounced from. Short will come if/when we see that level is broken. Then, and only then - sell short to .618 Video with explanations: www.youtube.com
Support has broken - Bearish. Targets by arrows. Watch video for details: www.youtube.com
We are back. Fundamentally we don't have too much to say about the markets as professional traders started to return to their trading desks after sluggish markets during last couple of weeks of December 2015. Back to the charts of Emini S&P500 which shows daily top on Dec 29th, 2015 which has been confirmed today Monday 4th Jan. by reaching the first target...