Looking over 20+ years back. Pretty self explanatory.
Today gives me some info. so will be looking to how the market acts from here.Does it take out yesterdays high or low. And at that time does the internal action of the S&P agree. When these two events happen either long or short I will them be entering my trade.
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.
Hey Guys, Yurii Domaranskyi here. Risk vs Reward = 1 to 8.76 ✨ It means if you risk here 100$ you may make 514$ Not bad, huh?
What a mess, a very violent and choppy mess of a Market. Let's see if they can recapture the 377... It's a Buy/Sell Hall of Mirrors with the 1 Hour Death Cross being a 199/377 2X affair. The Range continues to expand - from 388 to 404s For the ES - 3910 to 4120. NQ - 12070 to 12714/12818 ________________________________________________ The week is young,...
ES has formed this very nice bullish flag structure A breakout will come from this tight range and it will most likely be to the upside This is a bullflag An alternate view of this, yet quite similar is below
I wont rule out a gap down tomorrow into the support cluster zone of 3910-50SPX. ES has a small H&S pattern, visible on 5 min and bigger ISH, visible here. Im not going to fight it when it breaks in either direction. The cycle window for the low is today, it can stretch into tomorrow with lower lows being bought in am and rally all day. This is my best guess for...
I'm looking at XHB weekly timeframe and comparing 2006-2009 US housing market with current situation. On 17 July 2006 XHB bounced 38% then dumped and lost previous swing low/ key support /28-30$ level/ on 23 July 2007/371 days/. When XHB lost key support SPX made first top and second top was 3 months later with bearish divergence, after which S&P dumped 57% and...
I really want to see a low made pre-market and reverse into the open, that would be very bullish! 4160-75 is the main resistance one and one more to follow at 4200, that should cap any move up. Going to buy longs tonight and exit ES short around 4k, if we get there. I will be shorting that move up from 4160-70 and then 4200 for a move down to 3920-50. Im...
This weekend I wanted to exam the topping process of previous markets that had expansive down draws to see if any of them resembled or was similar to today. The only topping process that is following the same visual set-up on the Quarterly timeframe is 1973. Of note: The two Quarterly spikes above the red dotted line produced what some traders might call a...
Looks like a nice buying op soon off the 618% retracement level after 5 up have been completed. If my count is correct the 618% should hold as support for the HTF B wave and lead us right into wave C. Not sure if wave C goes all the way to $13.50 or ends up being truncated. But upside looks pretty juicy for a short term trade.
all notes on the chart. Watch for a sharp reversal after a breakout sucking in retail traders.. If this reverses sharp say goodbye to BTC :/
Friday was rough for Traders' offsides. I'm reluctant to even state the obvious at this point as it is self-evident. If you were on the incorrect side, feel for you as it was an insidious trap. In conversations with Traders, the large majority were Buyers for Friday. My bias was lower and a Negative close as SPX buyers had positioned for the Kill. The Falcon and...
Island Reversal's are said to be some of the strongest reversal patterns...typically the strongest ones form at a significant top or bottom and are usually news driven. While I do not feel we are at any sort of significant top; I do see today's price action as a near term reversal pattern as long as we can hold the gap that was created between Friday's close...
the two line are marking the inside of the 15 minute as it was at time of posting. If this remains the same the following candles will look for a trade from the action outside this range. I personally would like long better, staying in the range. This said short momentum is there.
This is the retrace i was looking for, and has returned the market right back to the prior double boxed area on chart. would expect we test the bottom of the box. That is the level will have the radar on full alert. ES 4088 is the zone i see possible support. Today will look to take advantage of the weakness but do think a chop or small retrace back up to 4170 area.
Another study on market cycles! Starting this study from COVID bottom, we look at the bigger cycle using the 200ma and the intermediate cycles with the 40ma. Currently - I see an intermediate stage 1 base which is both a diamond and range box breakout. stage 2 identified with a 40ma cross. Downward broadening channel break with another upward extended...
Perfect 4200 hit, I had few running from 4148, some was exited at 4172 and 80, one at 4196.5. Have only 2 left, will exit at BE or if we extend to 4210-20. Im short NQ after the close. Nothing broken, Im looking at it as another bear rally. EOM will be quite surprising. Its def frustrating for many who short every top, have stops!!! Always hedge! If resistance...