DESCRIPTION: In the chart above I have provided a MACRO analysis of ES1! a future INDEX on the daily timeframe. POINTS: 1. Deviation of 250 points would justify placement of SUPPLY & DEMAND POCKETS. 2. Pennant Formation 3. Current CORRECTION FALL is roughly 5.55% falling short by nearly 5% when compared to other CORRECTION PHASES. RSI: Since the inception...
S&P 500 hits supply zone and will continue its downward trend. Exit at 3rd demand zone
As you can see, History repeats itself. To my technical eye, The S&P is loosing momentum at a price of major resistance AND(+) a Major trend line where price has previously ended its bull rally to return to its overall bear market downtrend. Second possibility attached. I see The S&P returning to the 350's if not much much lower. Its divergent sister, the VIX is...
This is what I've been telling to some folks when we reached upper edge of the flag on daily. Precise charting and tight SL are your friends. I've told everyone that this was a massive bull trap when price reached 4100 and then returned to 4080. Others were saying that is just the gap covering up to 4220. All in all, I believe that this will be our last...
Were headed back down , hard. Lets just hop on the short train and ride it to tendieville. Good luck to you! LFG!
S&P 500 reverses from 200 MA for the third time. Bear market continues..🧸 $SPX $SPY
37 minutes ago Comment: SEE FUTURES MAKING THIS MORE CLEAR = Interesting how FIB lines stay constant no matter what start or ending point you use 1. The Fib from Jan 4th high calls this the .382 Resistance line 2. The Fib from Aug 16th high calls this the .618 Resistance line 3. They BOTH LAND on the 4000 cash - 4030 on the FUTURES Note the declining volume the...
I want to see a slow grind down to 4016-20ES zone for a potential bottom and then one more up to 4069-81ES to finish the whole move up Ideally we see that low on Fri open I have a turning day on the 28th, should mark the high. Below 4016 the price will see a support at 3990-94 and if below 3969-73.5 Make your bet for Fri open, share with others on other sites....
I have 3 targets for the Fri low: - 4017-20 - 3992-88 - 3972-77 ideal target I will be buying am lows on Fri for Monday maj high Make your bets on attached link Poll link below Gap down, up or flat Fri open strawpoll.com Happy Thanksgiving Everyone!
Rising wedge was broken down and retested from the low Im short here, scalp.
Three attempts at pulling back: Pullback One: Clearly, the strongest positive angled pullback of the three. Short-lived and rejected fully met. Pullback One, can be construed as the second weakest pullback, if you take into consideration how quickly it came, and went. Upon failure, strong downside ensued. Lower-Lows in Down Trend. Pullback Two: Calm, Collected,...
Im trading VWAP today only and very cautious about that orange trendline! So far so good with the timing, should top by tomorrow (VIX OPEX) and then we see a reversal for the low on the 24th APPL bull flagging, can push this baby up into the ideal target at some point Dont get trapped, get a trade come to you, give to that trade time
9/15/22 was a Traders dream with multiple set ups and entries with volatility. Used ICT and Strat concepts to trade these levels and find my entries. #ict #thestrat #spy #spx
This is my take on the SPY ETF and SPX. It seems though there was much buying near the support, many other market participants or the CO (composite operator) was off loading--or even initiating short positions-- these shares. There are many economic hints that point us into the conclusion of a Recession--Yet of course recessionary news is posted every day even...
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...
Be careful if long! This could gap down tomorrow again and hit 4065ES before a good size bounce to 4190-4200
Must hold level for tomorrow is 4172-90. We must penetrate 4200 or 11th low to mark the temp (if not maj) high on Aug 16th Ideal target is at 4045-60ES on this move lower and the bottom timing is on 25-26th of Aug. Rally after into the 2nd of Sep high! I dont want to be long going into the Labour Day weekend; market, historically, tops around the Labour...
See the resistance trendline, nothing much to add to this chart, all is in my last SPX update ES 200MA is at 4325, in the target zone!