This is the ES at the 4 hour view. The historical resistance is starting to break down. I'm not too surprised actually. There is a gap above at around 3330 from February that is calling to be filled. Furthermore, liquidity data suggests that liquidity is pretty strong now. So strong that it's drowning volatility runs as well as permabears' pride/egos. This is...
All indicators are stuck in the middle, but this could be a bull flag as indicated by the overlay. NQ is oversold on MFI which usually leads to a pump and dump, especially with MSFT ad TSLA reporting AH.
It seems that yesterday's RTH session High has some strong resistance since it was rejected few times so far. Any test of yesterday's HOD could set direction for the day. Level to watch 3247 --- 3245 Reports to be aware: US:Existing Home Sales 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM ET
Retail activity and strength is starting to transition towards excitement and complacency, when this happens Equities should be sold with confidence for a retest of the March lows. 📍 Here the following line appears the cleanest: 3240/50 => 2640/50 => 2060/70 and Sellers are not particularly favourable. The retail crowd are piling into longs and even some of the...
ES at the 4 hour. The ES was stopped by the historical resistance (red line) for a second time. The first time was in early June. The VIX and VVIX were giving a warning for 2 days that some sort of pullback was coming. It's why I didn't go long here. I'd rather wait for the VIX to clear up and present me better long opportunities. That said, liquidity is rising...
Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...
Overnight session market has rallied to Fibonacci 1.618 extension of yesterday's RTH session, there could be resistance at this level. Test of ETH Highs should provide some direction for the day. Level to watch 3255 --- 3253
Depending on a lot of sign ES1! going to be With a huge endurance decreased and it's the perfect time to sell.
I mentioned yesterday that the ES was hammering to the upside to escape its wedge. It happened. The next resistance would be that red line above at 3260. It was support back in 2017 and it acted as a resistance zone back in early June. If this resistance doesn't stop momentum, then the next resistance would be 3330 which was the original bear market gap from...
Everytime we bounce off the Heikin red daily on Nasdaq we went for all time highs. This lines up with MSFT earnings and tech, these should rise it up solely
To the penny VXX just today satisfied leg C of a legitimate AB=CD pattern. Target 29.84 GLTU!
Initially during overnight session, market sold off and currently it is trying to rally. Need to see a test of Fibonacci 50% level from Friday's RTH session for direction. Level to watch 3212 --- 3210
S&P have a big problem with ressistance on 3200 USD level. 'm looking for a bigger corretion on this stock.
here is a brief analysis of SPY 1D chart.. big week of earnings ahead, let's see what is in store for the market!