So I am finally back into the S&P, and short at 4090. We got the 12hr uptrend I wanted, which was just barely a higher high and gives us room to head down and get a new lower low if the market wants to take a dive over the next few months. Lots of commodity prices are rising, bond yields are going up, the value of the dollar is beginning to gain strength, volume...
Setting a limit order here at high of this 15m FVG. 5 handle stop. 8 handle tp where some equal highs reside.
The S&P500 has extended its rise since our buy call 11 days ago: We are slightly modifying the technical parameters within this Channel Up that started back in November as the 1D RSI broke above its 3-week Resistance and on the previous bottom fractal of late December/ early January that translated into a price Resistance rejection and pull-back short-term to...
Hard to find any short term supply zones. When we look back in the charts, there was only the large zone created above as shown or the previous support/resistance white line. Let us see what tomorrow brings!
Dejavu of 2008 recession is looming here in the world stock markets. This is not a joke. Deutsch and Cahrles Schwab are having troulbes. What if...more banks are revealing to fail. Are they too big to fail? MACD is getting bearish and all charts are indicating that parachutte mode is on. Looks like we are on the edge of the mountain.
We might see a reversal after taking out the liquidity area from the 4h OB
🖼 Daily Technical Picture 📈 ➤ Once again equities gapped higher. Depsite some "gap filling" action, price recovered to finish some distance from the lows. All is not equal of course, Nasdaq still leads the way and Russell2000 small cap woefully lagging. Long big tech and and short the weaker small caps would have been a wonderful trade. ➤ So is there MOAR upside...
This is not the first time we look into the S&P500 (SPX) from a multi-decade perspective. Every time we look into the Cycles since the Great Depression we bring an additional element to the table. This time we break down parts of those Cycles even more and look into the RSI as well. This analysis will attempt to shed light into the doubt of, perhaps the majority...
this is mar 30, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
Germany CPI rose more than expected but apparently that's good news because FDAX is up 1.4%, lol. Everything is overbought now, financials just touched red. US PCE tomorrow before open, expected number is 0.4% so we could see another "disinflation" pump premarket. Think I'm just gonna sit this out until next week and buy when MFI hits oversold. Missed out this...
The S&P500 index formed a Channel Up with the 4H technicals indicating a healthy uptrend (RSI = 63.246, MACD = 19.720, ADX = 49.272). The 4H RSI is on Higher Lows of its own and the 4H MA50 is about to cross over the 4H MA200 and form the first Golden Cross since January 17th. A pullback will be an excellent opportunity for lower risk buys. The Fibonacci...
Good morning people! Here is my chart for this session. I hope this helps! We nearing the highs!
Every sector closed positive yesterday, maybe it is time to be cautious. Any test of ETH session High could provide direction for the day. Level to watch 4082 --- 4080 Report to watch: US: EIA Natural Gas Report 10:30 AM ET
Window Dressing Buoying The Markets? As we wrote in our trading plans on Tue., 03/28: "However, our models indicate the risk for the markets to spike to the upside rather than to the downside, owing to the potential for quarter-end window dressing. We will get more clarity on this potential as we approach Friday". Our models continue to monitor the price action...
spx showing some bearish movement today. I ananlyzed the weekly and monthly candles both. Candle is changing from bull to Bear right now. This kind of pattern shows very dangerous powerful crash. Maybe the big short will come soon. Dejavu of 2008 crash,.
So, the low volume continues to plague these movements. Most of the movements have been in premarket trading now also. I think another day of sit and wait is in order for me. We've gotten the 3hr/4hr/6hr uptrends. The 6hr was a lower high and was immediately violated with no hesitation. The 3hr and 4hr were higher highs, which we also pushed past. With the...
🖼 Daily Technical Picture 📈 ➤ Equities shot up higher with you guessed it...Nasdaq leading the way. If investors did not have a large tech allocation, they have been left way way behind at least so far this year. ➤ S&P500 is up 5% YTD but is now back trafficking at the 400 level. This has been the recent "zero" line from where prices oscillate up and down 5% on...
So I may stay out of the ES a bit more today. My ES! analysis says we are prime for a movement down, however, my ESM contract says that we are beginning to fail that down movement and could see a bit more upside. I don't like the divergence, and don't remember a time they were this bad, so I have browsed over to other areas to trade. On the ESM it is clear that...