this is apr 21, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
This analysis is basically an extension of the study we published last week, explaining how the index is starting an aggressive expansion: Based purely on the 3W time-frame, now we have incorporated the Sine Waves to clearly display the cyclical buy/ sell pattern inside the long-term Channel Up that started at the bottom of the Housing Crisis (March...
So I did dip out yesterday where I said I would, did not get back into the second wave down, and ended with making my weekly goal of $2500. Looking at today, I feel the market is giving off a lot of indecision, and so I've decided to continue with my sentiment, and will likely just sit out today altogether. The trends into today; Last Macro Trend Signal...
Just wanted to point out that all of my daily indicators rolled over and looks bearish. At the same time, none of them went overbought. I posted this morning that I canceled my "BTFD" call for today based on short term indicators going overbought on RTY, and ES/NQ MFI should go overbought on my 3 hr chart tomorrow before open. I'm not feeling all that bullish...
🖼 Daily Technical Picture 📈 ➤ Equities lost ground after a weak open followed by an attempt to make up ground only to lose it all and more prior to a small bounce off the low at close. Overall, it was just another meaningless day. ➤ Meaningless in the context that the price action has not broken any structures that warrants attention e.g a breakout out of a...
The market isn't tanking because ES and NQ haven't gone overbought yet. Does not appear that the algos are gonna hit the sell button until it does. The market is down because TSLA is down 9.5%. ES/NQ left a small open gap yesterday after the break, so I guess the algos are going for it right now. Crazy whipsaw market the last couple of weeks, tough to make...
Indicators show no direction, no direction for tomorrow's gap either. I'm hoping TSLA misses and MFI goes oversold tomorrow. Note that I said hoping, much like NFLX, I don't think it moves enough to cover options premium. Market does appears to be melting up though. I'm just not very bullish on TSLA earnings. Just pretty much repeating what I said about NFLX...
Markets Struggling to Gain Some Traction Markets seem stuck in the tug-of-war between the "Inflation peaked" optimism and the "recession onset" concerns, and the earnings season so far has failed to give either the bulls or the bears any real traction. Whether the earnings ahead will help the markets gain momentum in either direction remains to be seen. Our...
So I am yet again short at 4180. I've made my weekly goal at this point, and if things rally again back up to 4160 I'll likely just cash out, take my weekly HKEX:2500 quota, and sit out this week. However, trends are beginning to show that dip backwards, even if currently it is only the lower timeframes of the 30m and 1hr. We got lower highs and lower lows off...
The 3 Star ✨ pattern on the Daily chart shows us the possibility of ending upward momentum and the beginning of a new downtrend.
🖼 Daily Technical Picture 📈 ➤ Kind of like opposite day with today's price action acting in reverse of Tuesday. Again, tight ranging and finishing flat. Yesterday I posed the question: Who Blinks First? Alluding to the idea that there is a regime shift incoming that will determine a period of Bullish prosperity or a brutal Bearish collapse. ➤ Whilst it is way...
Short & Sweet My 1Hr Long Take of the ES Futures Channel Trend Continuation failing to break the lower channel/bear flag Wedge into and over 4180 holding it and the lower channel trend as support
4180 Break and Retest on Both Sides There's tons of resistance/support @4180 and a major trendline thriving upward (will it become a Bear Flag to break?) {who knows]
Just drifting sideways, indicators are neutral. I think MFI goes oversold tomorrow morning on RTY and ES, will wait until then to BTFD, lol. I think it's gonna be a whipsaw day. Futures need to sell off but lots of dip buyers already. Slept in (kinda obvious now, lol) because I was all cash, no positions. Will take a potshot at the market again tomorrow if...
this is apr 19, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Yesterday market tested February Highs and got rejected. For this rally to continue , yesterday's High needs to be breached. Level to watch: 4164- 4162 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US: Beige Book 2:00 PM ET
So after sitting out yesterday, I am short yet again today at 4180. I am looking for some continued downward movement now that we are developing some downtrends, and then I expect the potential of a brief bounce back up. If this is the end of this rally, basically I want to see a good 60 points drop, a 30 point rebound, and then another move back to meet new...
In this update we review the recent price action in the emini #SP500 futures contract and identify the next high probability trading opportunity and price objectives to target