The rate of SNP at which recovered since the bottom on March 23rd 2020 is regressing into a logarithmic recovery (see blue line), which is similar to the bottom of December 2018, although not as steep as 2020. In 2018 the recovery stopped when we reached the previous high around $2,940, then we saw a a fibonacci retracement to the second level ~$2,726 . If this...
ES_F Projections week of 08022020
Whelp, we are here again. We are at that historical resistance again. This time I am pretty sure the historical resistance will not hold for too long. Liquidity is still high according to the internal data. The price action indicates that this market has a destination up north. The dollar is collapsing helps push the markets up due to inflation. If it weren't...
The ES price chart with automated critical support and resistance still tracking prices close to major price points The Index sold off after falling below 3256.25 but made a come back after bouncing at 3216.25. The major resistance for the next session is at around 3276.25
This whole week has been up and down alternating between RTH and ETH sessions, and today is no exception. However, a test of Fibonacci 50% level should provide some direction. Level to watch 3228 --- 3226 Reports to be aware: US:Chicago PMI 9:45 AM ET US:Consumer Sentiment 10:00 AM ET
Hi Folks, S&P500 seem so be trying to form a bearish Quasimodo pattern. Entry should be around QML line and Stop Loss should be above the HH as per your discretion. Cheers!
The S&P500 Mini is pushing up and the red top line is showing the expected probable maximum reach before retreat. The top red line could be a possible great short entry point. Beware of high volatility and keep an eye always on the US Treasury Bond patterns to validate your entry on the S&P500.
After closing at High yesterday, market has sold off and given back all of its gain during overnight session. For sellers to continue selling, they will have to defend Fibonacci 50% and 61.8% levels. if it gets to that point. Level to watch 3233 --- 3231 Report to be aware: US:EIA Natural Gas Report 10:30 AM ET
I RECOMMEND TO SELL THE ES1 IF THE MARKET DOESN'T BREAKOUT FROM THE RED RESISTANCE, AND MAKES A PULLBACK ON IT. THE NEXT TARGET IS THE YELLOW SUPPORT.
At the time of writing market is trying to put a rally together, but having difficulty getting over Fibonacci 61.8% level of yesterday's RTH session. However, based on yesterday's late sell off, sellers are probably active. Any test of ETH Highs should provide direction. Level to watch 3223 --- 3221 Reports to be aware: US:Pending Home Sales Index 10:00 AM...
ES at the 4 hour. The ES is still in a giant bear flag pattern since July 23rd. With the Fed press conference tomorrow, I wouldn't be surprised if this gets pumped up for that press conference then starts dumping on Thursday. The VIX right now is projected to break its wedge between 7/30 to 8/5. Obviously, I cannot get an exact date, but it's in that date...
Hello, ES1 is now at a distinct entry point to buy, but we buy in the place indicated by green, and upon breaking the first green resistance we will make a profit Bonjour, ES1 est maintenant à un point d'entrée distinct pour acheter, mais nous achetons à l'endroit indiqué par le vert, et en brisant la première résistance verte, nous ferons un profit
Market tried to rally during overnight session, however it sold off to test Fibonacci 38.2% level of yesterday's RTH session. Any test of yesterday's RTH session High should provide direction for the day. Level to watch 3215 --- 3213 Report to be aware: US:Consumer Confidence 10:00 AM ET