In previous threads looking at SPY: SPY - Did We Bottom, Or Is Manipulation Coming? Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And ES SPX ES - Welcome To The Fourth Quarter Rodeo We've noted that both the extreme bear and extreme bull cases are dubious. After the five day 8% rally to start the month, we warned that...
Recap In yesterday's trading, ES finally bumped into resistance after an 80 point monster short squeeze on Friday. The level of resistance was no coincidence, as it was noted last week that we were closing just above the most significant resistance in ES at 4418-25. This level is the core downtrend line from the August high. The Markets Overnight 🌏 Asia: Up 🌍...
Capitalize on the around-the-clock liquidity of E-mini S&P 500 futures (ES), and take advantage of one of the most efficient and cost-effective ways to gain market exposure to the S&P 500 Index, a broad-based, capitalization-weighted index that tracks 500 of the largest companies of the US economy and a key indicator of the stock market’s health. With ES futures,...
Recap Last week, we saw a major squeeze to the 4418-24 upside target. Triggers for this squeeze were a failed breakdown of the 4377-85 level, which was then backtested and cleared on the second attempt, leading to a rapid squeeze higher. The largest, fastest moves often come from failed breakdowns, and this system is built around exploiting this edge. The RSI...
Ok, this may be a bit much, but I'm bored and there are too many kids upstairs...... Well, I love me some Fibs, so take a look at some of these. The two Cypher patterns, the 2nd smaller one is set to the exact same parameters (measurements) as the first one. The yellow line is the path that the market had been on, except COVID hit and the market got back on path...
Recap After an incredible eight-day green streak for ES, we saw a shift on Wednesday as the consolidation range finally broke down, triggering shorts. This was the first real pullback since October 27th, marking the first red day after eight green ones. This week's price action has normalized, and we've settled back into more typical price action, with the 85/15...
Recap In Tuesday's newsletter, we discussed the historic rally of the ES, which saw 7 green days in a row for the first time since November 2021. While there was a slight dip yesterday, this “red day” was quickly bought up, with ES closing only marginally off the recent highs. The extreme magnitude of this recent 8-day rally was demonstrated by yesterday’s...
Recap The market has seen an extraordinary seven green days in a row, with ES not only recording its largest single green week since the first week of November last year but also forming a clear bull flag. Yesterday was largely a consolidation day, but it continued the green streak, making it an even rarer six in a row. Today, we tested 4368-66 in the morning,...
In my preceeding posts, I'm actually "bullish" on equities in the fourth quarter. SPX ES - Welcome To The Fourth Quarter Rodeo Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And while I think this price action, coming on the back of news that the US Treasury will "only" issue $10 billion more worth of bonds this quarter (compared to like...
-See the Chart above for an analysis -Price reaching off of daily/weekly supply -Shorts valid with confirmation -Personally will be trading smaller timeframes but still interesting levels. buy still valid for day-trading/scalping to the upside
Still in a downward trend and entered in that bearish weekly FVG. Looking to possibly add to position. Target is the previous lows or bullish Weekly FVG. Looking for this trade to play out by the end of 2023.
Recap We witnessed an impressive stock market rally, marking the largest green week since the inception of the current bull market in October 2022, and a record not seen since November 2020. Every trading day experienced significant gains, driven by a strategic short squeeze following a preceding sell-off period. The Markets Overnight 🌏 Asia: Up strongly 🌍...
Capitalize on the around-the-clock liquidity of E-mini S&P 500 futures (ES), and take advantage of one of the most efficient and cost-effective ways to gain market exposure to the S&P 500 Index, a broad-based, capitalization-weighted index that tracks 500 of the largest companies of the US economy and a key indicator of the stock market’s health. With ES futures,...
Capitalize on the around-the-clock liquidity of E-mini S&P 500 futures (ES), and take advantage of one of the most efficient and cost-effective ways to gain market exposure to the S&P 500 Index, a broad-based, capitalization-weighted index that tracks 500 of the largest companies of the US economy and a key indicator of the stock market’s health. With ES futures,...
ES/MES range for 06-Nov Capitalize on the around-the-clock liquidity of E-mini S&P 500 futures (ES), and take advantage of one of the most efficient and cost-effective ways to gain market exposure to the S&P 500 Index, a broad-based, capitalization-weighted index that tracks 500 of the largest companies of the US economy and a key indicator of the stock market’s...
Recap In the past week, we saw an impressive rally of 180 points, marking one of the best trades of the year. This was largely due to a textbook failed breakdown bottoming setup triggering on Sunday evening, demonstrating the power of the short squeeze. The rally continued for four days straight, reaching a peak at a major pivot point of 4336. This marked the...
Recap This week started off with a firm yes rallying 100+ points from Friday’s low to yesterday’s high. The rally was triggered by a reclaim of 4154 on Monday, which put in a failed breakdown bottoming trigger. This led to three large green days in a row. The Markets Overnight 🌏 Asia: Up except Mainland China down slightly 🌍 Europe: Up strongly 🌎 US Index...
The equities markets have spent the last three months liquidating bulls, and then liquidating bears, and then liquidating bulls, because the markets are primarily a scam for big money to sell options and have them expire worthless. No matter what system you use or whose ideas you follow, you're always just guessing, because the computers can take price and do...