ES

Looking at consolidation boundaries to dictate today's trade ideas: 1) will look for a tight back and forth if we remain inside the boundaries, 2) on a break out to the up side will target the upper line 2938 and possibly much higher, will give targets if that happens. 3) if a break down then looking for 2 targets one at 2919 and the other 2906 today looks like...

Looks like the action is calling for higher levels again, and yes we are do for a retrace however I need to see some price action that tells me it wants to happen until then have to remain bullish. I think today opens in yesterdays range and may or may not move higher today. So far this market has moved then digested then moved so today could be a day of...

Well wish there was something new and interesting to talk about today but looks like more of the same. However The market sure looks poised to make a run higher and in my estimation probably will, maybe not today but a few things to me looks like it will be today. The lines from yesterday only have a slight move up but same idea. If I had to pick a primary idea...

Here we can see the market retesting support after failing to complete the 5th wave targets in the sequence. To put it simply, since Mueller has been cleared we have the fuel but anything beyond to the topside seems very difficult. I expect bulls to come in over the next few sessions and clean the 5 wave sequence. A break of 2800 to the downside would allow for...

Which SPX target will you bank on for 2019? Comment below! Each of these year end scenarios are based on a DCF valuation model: A) 2700 fair value, 170 EPS 2019 estimate, 15.88 PE (20 year average forward PE) 4% EPS growth for next 5 years, shrinking to 2% after B) 2500 fair value, 170 EPS 2019 estimate, 14.7 PE 2% perpetual EPS growth, 9% discount...

My continued research is highlighting the long-term support in Commodities in correlation to the recent rotations in the global equities markets. Pay attention. Commodities have recently rebounded off of historic support and begun an upside price swing. Should the US/China deal reach some positive outcome and should the global markets continue to transition...

When I recently mentioned that I largely didn't use a chart when scalping /ES, I got a bunch of queer looks out of people. "I just use TICK," I explain. "You know, TICK?" (NYSE Cumulative TICK). More puzzled looks. There's a lengthy Investopedia definition of the thing, so I won't bore you with those details; I'll just explain how I use it. (Note: I use the...

Trade the bounce until structure breaks.

Divergences starting to perk up all over the place.

add in 4 points for ES levels. Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event. In the event the upside fails, what has been happening early as of late in the...

Be careful with 2942 - it's historical maximum. With a high probability the price will not be able to breakout this level the first time. Breakdown requires accumulation. I think that a false breakdown will occur and the price will go down sharply.

We are still in the same distribution of last week, however there are a few interesting points to watch for. look for move below 2886 for any hope of a continuation to the down side, above that level we just remain in the 2900 and 2907 area. The high from last week is the other important zone, and above that the market could see a very strong sharp move to ATH...

looking for a opening that pulls back to the 2809 area or a bit lower and then a bounce to take us to 2802 and 2836. If this area of 2804 does not support the bounce then probably trade sideways just above the 2800 area.

Today in the over night was a very small sideways range making me think we go further up today or tomorrow, if tomorrow then today will likely be a small range. The trade I will look for is a open that test lower for a buying spot, observe chart lines for the buying spot. If we remain in this tight range will see very few trading spots. it we do not get a down...

we could get gap up and rip right to 2922, but also could get a bit of retrace back to 2900 2902 area then push back up. Crazy times

today looks bullish and is testing the distribution highs so very probable we get the up side break out today, and if that happens will provide targets at that point. The over night is very balanced so hard to pin point a opening, but will be looking for longs off the levels marked on the chart, remember ES is +4, Just because we are ready for a breaking move...

the 2nd idea is we open drops to 74 (78 ES) and then sits sideways followed by a further drop to 66 (70 Es). we also could get a opening pop going right back to the top of the marked areas of 93 (97 - 98 ES). but do expect pretty much same chop till we can clear this multi day distribution. Leaning on the short side due to DOW weakness. but that can change real fast

Will be looking at the same levels I have posted for yesterday as shown on chart in the ES they are adjusted up plus 4 aprox. I do not need to be anymore accurate than that, I play areas not specific numbers, even though they works out most of the time