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...
this is todays position i took for $ES Failed swing to the AM session target which created more liquidity to go for during PM session
Exit longs here, short with a stop above am highs, SPX still can stretch into my second target at 4177-9
ES has a bit different look from SPX, needs to hold here if it going to continue sliding. I have exited half of the longs from 4148 here, rest BE
SPX Daily Chart - Linear Mode This post will have multiple charts to show my point behind the title I test my channeling by inserting fib levels to legitimize it's positioning. Channels can be drawn very subjectively leading to disastrous conclusions. Ask me how I know... What clues does this channel provide? The median line is a price magnet...reversion to the...
Current SPX range . Above supply expect retest of 4200. Below 38.2 fib expect hello vwap or the lower fib to hit .
Must hold this level and especially 4140 to press to 4160-65 Im flat, will be watching the close to make a decision for tomorrow.
How often does the Market reward both when they are aligned? Not often. Rare to see both seeking Prices to move higher, and potentially why Wall Street will shake things up with a few surprises. Volumes declined significantly yesterday. NVDA reports today. ________________________________________________________ In all probability, they will attempt to...
Below the current fib lvl ( which it bounced perfectly on ) expect possible bounce near 4080 or down to 4060 it is.