So we ended up with the 30m higher high by 2 points when it came in. That let's the 30m call for correction, the 1hr-3hr calling for a movement down, the 4hr fairly neutral, and the 6hr/12hr calling for movement up.
All in all I feel like there is less direction into today than yesterday. I sat out yesterday and may likely sit out again today.
Trends into...
So here you are again, sitting at the mid 4150 level. Overall trends have shifted from an upside trend movement at the beginning of April (Yes... we got stuck up here since April) to a downside trend movement now in the Middle of May.
I think we are very close to getting a 1hr uptrend, which will be a lower high, and then I'll be looking to see if we reverse from...
So we've got a lower high 30m, and the downtrend of the 30m would be very easy to push below coming in at anything below 4146. Many of the other trends are likely still poised to bring in lower lows if we have any downward momentum.
However, momentum seems to be nonexistent. CPI data has normally been a major mover, but in the end it wasn't. Jobs giving way to...
So I'm glad I didn't jump into 4160 as a short near the end of yesterday, as it gave me the chance to get in short at 4167 this morning.
We've gotten a lower high and a higher low (just hit) for the 30m trend. That leaves me with some skeptic optimism that the market will continue to fall (is optimism the right word?) and we can discount the 30m and look for the...
• First, the bank run APPEARS to have stabilized
• Second, the inflation SEEMS to be taming
Do not be complacent, keep on keeping track of the coming market developments. Just like what Jerome Powell said on the 3rd May after the latest interest rate hike, in the meeting conference, he said “We will take a data-dependent approach, our future policy will depend...
So I mention in the video, but make sure to realize how insanely low the volume has been the last two days. Sub 1 million contract days are very, very rare. 2 in a row... well the last time I could find we had multiple was the week right after Christmas of 2021, just before we started the 2022 sell off.
Now I'm not saying we are heading to a freefall again, I'm...
So since we failed to get a 4hr uptrend, broke below the 30m, and appear to be guided by the 3hr trend timeframe at the moment, I am short at 4151. Looking to see us hit 4130 (the 6hr ascending trendline) and see if we break below that or fail. If we break below that I'll be looking to see if we can head down to the 12hr flatish (slight ascending) trendline at...
So after sitting back and being less annoyed with the market and doing a proper analysis, I see that I think this level is coming in as a pivotal point in our next move.
The 1hr/2hr are both showing higher highs and lower lows for the previous trends. The 3hr has a lower high and lower low but was violated already. If the 4hr hits it too will have a higher high...
So with the 6hr and 12hr both being a higher low, I'd expect at this point for us to at least head up and catch the 1hr violated trend. We've already hit the 30m (lower high) this morning. The 1hr is going to be a tricky trend, as the last uptrend we had was actually low at 4107, so there is the potential it will be a higher high and therefore not provide much...
So while I didn't get my first entry at 4160, I ended up entering back in where I left off at 4125. Sucks to lose out on that almost $2000, but that is the way of risk management.
My key level to watch is where/if this 12hr bar finalizes by 13:00 EST. The last 12hr downtrend was 4060. So if I want to continue following through with this trade, I'd like to see...
Price action analysis on US30 Index.
Potential scenarios & bearish outlook explained.
Trading recommendations given.
❤️Please, support this video with like and comment!❤️
So with the close of yesterday, we have the 30m/1hr downtrends being higher lows and being violated significantly. We then got the 2hr/3hr/4hr all as lower lows. The 6hr was in lower low territory for a while, but just before it closed out that bar, we rallied briefly to give us a slight higher low downtrend signal there.
So basically, we have the 30m/1hr/6hr vs...
So we spiked up briefly but then got the 30m downtrend yesterday just below where we started. While it is only one trend, and we've managed to keep below the trendline associated with it, the move lessens the promise of an easy and safe entry point at 4185, as the 30m could attempt to move the market up on it's own.
I'll most likely put a profit stop now on the...
In this update we review the recent price action in the emini #SP500 futures contract and identify the next high probability trading opportunity and price objectives totarget
So with the 6hr uptrend hitting on the major upward move that ended the week, we are maxed out on uptrends yet again.
I'd expect at least a brief sell off to get a 30m downtrend, in which I'll be able to set a profit stop and go from there. Earnings season never seems to disappoint in that it drives the market up regardless of other macroeconomic conditions that...
So I was away from my computer and basically just managed a trade via phone and had no way to make an update for yesterday. My analysis was basically close to the same sentiment I had from Wednesday, which was that we had violated too many trends and were going to see a brief rally.
From that rally, we now have several trends that when they went uptrend, are...
So I cashed out when we struck the 12hr trendline around 4095 yesterday. With the way the trends are looking I think I'm likely to just sit out for today and let the market play itself out. While I was stopped out and lost nearly half of the surge I gathered in the 6E, between the few hundred on that and the money made on the S&P I've more than surpassed my weekly...
