ES at the 4 hour view. Resistance above held for now. ES is stuck since tech is bleeding, but financials and transportation sectors are rallying. That's actually a bullish move.
ES may pullback since P/C Ratio is at below 0.65. VIX is also about to reach a support zone soon as well.
That said, with liquidity rising and key sectors rising, ES may be setting up...
S&P500 E-mini Futures drops to critical levels at 3205.00
The Index had a volatile session yesterday with price swings from 3230.00 to 3196.335 as indicated on the 30 minutes price chart bellow and continued today with prices are now sitting at a crucial level at 3205.00 at the time of writing.
The Index could continue down to 3196.35 and 3184.00 if it fails to...
hey guys,
it looks like spy is preparing for a bullish continuation.
with a sequence of higher lows on a daily and weakening bearish retracements,
the price is one more time testing 3230 horizontal resistance.
being broken to the upside (daily candle close above) it will trigger a buying reaction and the market will start growing further.
next goals will be...
Overnight session market has rallied to test Monday's High.
Test of ETH High should set direction.
Level to watch 3225 --- 3223
Reports to be aware:
US:EIA Petroleum Status Report
10:30 AM ET
US:Beige Book
2:00 PM ET
This is the ES at the 4 hour view. Banks earnings were today - especially JP Morgan and Wells Fargo.
Why did the ES rally? FOMO bears.
Everyone was expecting bank earnings to be bad. So, if everyone is already bearish , they already have short positions in anticipation of bank earnings .
ES' projected supports were near the VPOC around 3115 or the flag support...
Quite the pump and dump today, I pointed out the open gap from last night and that RSI and MFI were overbought. Didn't trade today because I overslept and had some errands, but I don't think I would've predicted an afternoon tank like that anyways.
No clear directions for tonight, but I assume a bounce if this goes oversold. As I mentioned last week, I think...
SPY is retesting a key daily/4H structure.
the price has formed a double bottom formation on that on 1H.
I expect a bullish continuation.
target levels:
3190
3220
ES pulled back today. Why? RSI was overbought at the 4 hour view. Put/Call Ratio was at 0.67 before the pullback. Below 0.75 is considered overbought or a bit extreme.
You know what's the crazier part? TVIX was delisted on July 12th. I guess Credit Suisse knew...
ES is in a bear flag right now. ES and RTY's fate rests in the XLF and XTN/IYT. If financials and...
Jul 7
After we referred to ES1! purchase in the previous analysis . This is the best time to sell, given the low market in the next few minutes.
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