After a nice rally yesterday, ETH session is testing Fibonacci 50% level from yesterday's RTH session.
However, we could expect some sort of range bound day after a massive rally yesterday.
Level to watch 3885 --- 3887
Reports to watch:
US:New Home Sales
10:00 AM ET
US:Jerome Powell Speaks
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
we're working on sub wave (1) right now
>I will be updating these charts every so often, so stay tuned.
here was the original idea from yesterday, on the larger frame:
Long SPY here new wave started again!
Chart self-explanatory. I have been nailing my ideas left and right, every dip followed by another wave up to new highs. same ol same nothing changed with fed monetary policy or market dip and launch-off plays.
Overnight tested both sides before testing prior days top
of range.
overnight also was complacent with higher prices of
session.
This leaves me looking long but aware it could be a choppy session after the massive
lift yesterday.
will play off 3862 and 3897 and look for breaks as doing so.
Also have marked targets above and below this range in the event we break out.
buy signal for my prediction
stop loss and take profit on the chart
We have slow uptrending with some force swing.
My target: A: 3895 and then the market will keep going down.
if you have any question please leave it in the comment section
Dragged down by $NQ_F while rotation to other sectors continues. As long as above key TL (from 2002) path is likely higher
$SPY $SPX $VIX $QQQ $NDX $TLT $TNX $GLD $DXY #ElliottWave #Stocks #Trading 📈
The zwischenzug is a chess tactic in which a player, instead of playing the expected move, first interposes another move posing an immediate threat that the opponent must answer, and only then plays the expected move. It is a move that has a high degree of "initiative".
Overnight tried to balance and then printed more shorts than longs.
below 3872 i lean short, looking for impulse lower or a
rejection at mentioned level to get short.
Added a new watch level that will want to resolve. 3829
This shows that using significant Bitcoin down days as a leading indicator for declines in the S&P 500 is not reliable enough to be useful as a trading tool. However, the lack of a Bitcoin selloff has usually been a reliable indicator of a continuing bull trend.
Relevant: right now, many are calling for a top in the S&P 500, but Bitcoin is not suggesting a...
Trying to hammer off of the TL. Back over the 50dma and could rip
$FCX $AKS $MP $HG_F $SPY $SPX $ES_F $TNX $TLT $ZB_F $ZN_F #Economy #Commodities #Inflation
Another volatility spike is coming soon.Athought stock market indicies CME_MINI:ES1! CBOT_MINI:YM1! CME_MINI:NQ1! rising another all time high CBOE:VIX sitting on its support at 20 very stubbornly. That indicatates there are still doubts about market a and global economy recovery...
What is TVC:VIX ?
Its realtime market index calculated by CBOE and its...
We are going so local in descriptive language today! No other word better describes the S&P500 weekly chart just now, other than Pum-Chek
In local Singlish, this means punctured, or rather, out of air. And that is how the S&P500 appears technically. Allow me to explain...
First up, the obvious giveaway here is the candlestick pattern... at the historical high...
We have a downtrend last few days.
Now the market will start it recovery
Long for my prediction
Stop loss and take profit mentioned on the chart
My Target:
A: 3895
If you have any question leave it in the commentbox section
This is what I see from S&P500. My bull scenario without a big correction is 4200 at maximum. Besides quantative easing, long it is a bad risk/reward, US bonds are going up and real economy is a mess.
everyone is expecting spy to hit $400 this week, but...
we're approaching a very important algorithmic target at 397,
expect some strong volatility in the days ahead.
max pains on 2/19:
$spy = $380
$qqq = $320
$iwm = $216
proceed with total caution, and don't fall for the retail trap.
