good afternoon anon, are you feeling bearish all of a sudden? it's okay, that's natural. --- spx looks to be in a local 4th wave right now - 4073.75 is the hard invalidation on this local wave. if it is breached, the upside move is invalidated and bears take full control over the next 2 weeks. --- >if the bulls are succesful in this local setup, >i am...
MACD crossover on the 1 day, rounding top on the 1h, 2h, 3h, 4h. Profit targets: 4070, 4031, 3950
🖼 Daily Technical Picture 📈 ➤ At an index level, equities couldn't hang on to early gains and retreated for another day. The price actually closed a minor gap from the previous uptrend as shown by the blue arrows. Note that there is a minor gap higher and a large gap lower from current levels in the SPY. The question is which one will get filled first? Comment...
For Thursday, 4133.25 can contain session strength, below which the 4066.50 - 4070.00 long-term support area remains in close reach, able to contain selling well into May activity. Breaking/opening below 4066.50 allows 4018.75 intraday, while closing today below 4066.50 indicates a good high through May, 3921.00 then considered a 3 - 5 week downside objective....
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...
this is apr 26, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
After a sharp decline yesterday, traders might try to test yesterday's levels. Any test of ETH session High could provide direction for the day. Level to watch: 4113 --- 4111 Report to watch: US:EIA Petroleum Status Report 10:30 AM ET
The S&P500 (SPX) has had an excellent run following our buy call more than one month ago: Yesterday though it flashed a sell confirmation as the price broke and closed below the Higher Lows trend-line of the recent Channel Up bottom. Both previous times this happened (December 06 2022 and February 17 2023, it was a major sell signal towards a new Channel Up...
For Wednesday, 4130.50 can contain session strength, below which the 4066.50 - 4072.00 long-term support area is likely intraday, able to contain selling well into May activity. A daily settlement below 4066.50 indicates a good high through May, 3918.00 then considered a 3 - 5 week downside objective. Upside Wednesday, closing above 4130.50 indicates a good...
🖼 Daily Technical Picture 📈 ➤ From sitting pretty to pretty ugly. Today's price action has upended the bullish thesis that I was building. However, one ugly day doesn't mean things will now completely reverse. We need two days...OK, I'm just kidding. But on a serious note, the balance of power between the Bulls and Bears have seriously swung towards the Bears. ➤...
Looks to me like RSI and/or MFI needs to hit oversold before we get a bounce. Gap direction tomorrow depends entirely on earnings. If it gaps up, I'm thing another whipsaw day, if it gaps down NQ ($NDX/QQQ) will lose support and we could see a substantial drop. No positions because tomorrow is my birthday. Taking the day off and going drinking tonight, so...
Went to grab some lunch (I'm on west coast) and noticed that RSI hit oversold on ES, NQ, and RTY. MI is not quite there yet but it'll hit it before market open tomorrow. If you;re short, I suggest closing some positions if not all. Oddly, this is an indicator for me to buy PCAR, lol, but I think the earnings play was good enough since I'm taking the day off...
So I'm currently running two shorts, one on the ES! and one on the 6E. I attempted both a Long and Short yesterday, and both were profit stopped for $100, so after only making HKEX:200 yesterday, I waited until the close and then went short on the market into today, ready to bail if the S&P decides to shake off the movement down... again... and rally into the...
After 5 wave decline in a limited downside triangle ,the trend reversed @ 3491 on 10th Oct'23 the reversal is a Zigzag 3 wave up move, where wave B is completed today after a BO rally and retest of upper trend line of Exp Triangle. its time to start next wave 'C' from today 10th march. buying is a good opportunity for a month or more having a target of...
The S&P500 crossed under the 4H MA100 today and is forming a Head and Shoulders pattern on extremly bearish 4H technicals (RSI = 37.236, MACD = -4.910, ADX = 58.125). This is a sell signal especially if the price rebounds now and gets one last rejection on the 4H MA50. A similar pattern formed the February High. We are targeting S1 initially (TP1 = 4,050) and if...
this is apr 25, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend NQ/ES shop zone, trade likely reacting to supply level and demand level
Almost went oversold premarket then bounced. Indicators are all over the place, no real definitive direction. I don't see anything that indicates a tank coming so I decided to play PCAR earnings after all. Wish I had done it Friday, lol, but you know me, I don't really like holding stuff over the weekend. No other position, moving some money around this week. ...
For Tuesday, 4128.00 can contain session weakness, 4176.75 likely to contain intraday strength, beyond which 4211.00 is attainable intraday and able to contain session strength. A settlement today above 4211.00 indicates the targeted 4248.25-4260.25 within several more days, where the broader market can top out through Q3 and a significant upside continuation...