Tuesday 3.14.23 Review : We were looking for possible lower continuation but market had other plans, as we noted IF 3892-87 holds and we can get over 3932-27 we can see a push into upper Supply area, I didnt see it pushing that much in but what we did is we took it, held over it and then rejected from next Key area which was even better. If long to supply was...
Monday 3.13.23 Review : We got a break of structure and 3892-87 level before RTH and got the flush to one of our possible Support targets at 3866-47, RTH order flow came in and and pushed us back in balance above, over all a great day we tagged Support target and hit Key Intraday Resistance at 3932-27 which gave another good short for the day back towards...
Banks running in trouble, the FEDS want to hike but not sure if they can and S&P500 is attemtping to enter back into the previous descending channel. This support now is becoming thinner as a rebound is not happening. thus i see a danger for 3700 or even 3400-3200 which would be a massive blow for the markets. We will be awaiting for the CPI inflation to be...
Friday 3.10.23 Review : Friday played out exactly within plan except for hitting 3866-47 target but we knew that was a stretch, we found sellers at 3976-71 which was Key Intraday Resistance which gave us nice short trades towards Daily Support at 3915-3890, was a very nice ending to the week. Monday 3.13.23 Prep : As we can see Globex started the party...
Head and shoulders I see in futures Hour so you see the bigger structure!
ES PO3 AMD LEVELS monday 13th we enter distribution after taking accumulation low during manipulation
I have to point out once again that, despite all the bearish fundamentals, market price action is simply not a bear market. You see this so clearly on SPX's monthly bars: During the worst of October, all the market was really doing was retracing to the two-month late 2020 orderblock that ultimately led to the 4,800 ATH. Price has since retraced and the...
Thursday 3.09.23 Review : Yday RTH gave a perfect trade, we pushed over 3995-90 on pre market data, hit the upper part of our potential Daily Resistance and Key Intraday Resistance 4012-08, pushed above it and failed giving us a nice trade down to Key Intraday Support, once we broke we got a nice move down to 2 of the lower Support targets and hit our Daily...
Target is the bottom of this channel or this first support line below
Hi Traders, This is my view for today on ES Micro and macro structure are aligned. Next target will be 3900 and can be reached immediately after a manipulation around Asian Session High or with a retest on 4000 level on a strong SUPPLY zone. (I’ll personally wait for this retest to go short). Pit, Trading Kitchen DISCLAIMER: Trading activity is very...
SP500 Hello traders, welcome back to another market breakdown. In this video I explain my thoughts on SP500 Emini chart. Good luck. Trade safely, Trader Leo.
SP500, SP500, Emini, ES / 4H Hello traders, welcome back to another market breakdown. SP500 has rejected a major level on the monthly and broken to the down side and now is testing the brekaout point. I'll be looking for a short postion around 4080 if I get a confirmition on LTF. trade safely, Trader Leo.
SP500 / Multi-Time-Frame. AUDUSD / 4H Dear Traders, I warmly welcome you to this free and educational multi-timeframe technical analysis on SP500 pair. From a weekly viewpoint, in my opinion, SPY looks remarkably bearish . A Double top formation with a previous high on the monthly time frame, and the downward trend has already begun as seen from last month's...
Wednesday 3.08.23 Review : Consolidated under previous Daily Support with a few attempts to break 3976-71 Key Intraday Support but we held within this 4015-3975 balance. Best trade was when we hit double top in E 11:30 Period, gave a nice trade down to Intraday Support, was thinking we fill finally have more supply to break and continue but so far that has...
If we don't get a higher bounce on es, chances are this head and shoulders pattern is playing out. This idea is invalid if we get over 4060 again, in which case the previous scenario (linked below) is playing out. I'm watching the daily 18ma at 4034, if they get over that level, a bigger bounce is likely playing out. If they stall near the 50ma at 4013, then this...
This is what may be happening as an alternative to the immediate sell off. Note the 2hr rsi, how low it is again. The end of the day may look bearish but with the RSI this low, another move higher to test 4100 is still quite possible. Support is 3990 area, Under 3950 and this idea is likely invalid. Good Luck!
$AAPL exhibiting weakness with a hard rejection this morning and acted as a strong supply zone over the past several months since Nov. I fully expect another leg down to happen as long as it continue to reject.
The last several weeks I have written about the move to the 3800 level and with the smaller chance of a direct move to the low 3,000 level right now. Clearly, there are people on both sides of the bullish/bearish equation and they’re not shy to share their support or disdain for my forecasts. I’m grateful for that, because that is what makes a market. However,...