Looks like the action is calling for higher levels again, and yes we are do for a retrace however I need to see some price action that tells me it wants to happen until then have to remain bullish. I think today opens in yesterdays range and may or may not move higher today. So far this market has moved then digested then moved so today could be a day of...
Well wish there was something new and interesting to talk about today but looks like more of the same. However The market sure looks poised to make a run higher and in my estimation probably will, maybe not today but a few things to me looks like it will be today. The lines from yesterday only have a slight move up but same idea.
If I had to pick a primary idea...
With SPX approaching its All Time Highs (ATH), having risen non-stop on the 1M chart since the December low, we try to answer this question: How SPX behaves near its All Time Highs?
In this attempt, we thought it would be useful to back-test two long term periods, which share remarkable similarities: the 1966 - 1990 period with the 1998 - 2019...
Short term Elliott Wave view on S&P 500 Futures (ES_F) suggests that the rally from March 9, 2019 low (2726.50) is unfolding as a 5 waves impulse Elliott Wave structure. The Index is now within wave (3) which subdivides in 5 waves of lesser degree. In the chart below, we can see wave 3 of (3) ended at 2899.5 and wave 4 of (3) pullback ended at 2877.61.
Short...
As the S&P500 approached its all-time high last week, it was met with massive resistance in the form of more EM problems. I strongly believe you do not need to know current news to analyze price action, because they commonly work together. Price has been attempting to get over this ket resistance zone in the past six months, and has not been able to do it. Whether...
Here we can see the market retesting support after failing to complete the 5th wave targets in the sequence. To put it simply, since Mueller has been cleared we have the fuel but anything beyond to the topside seems very difficult.
I expect bulls to come in over the next few sessions and clean the 5 wave sequence. A break of 2800 to the downside would allow for...
Looks like they're trying to pump futures (look at MFI) but the only things going up are FAANG stocks.
Europe's still on holiday, low volume today. Staying out of the market, expecting another pump and dump with futures.
add in 4 points for ES levels.
Toady we are inside yesterday's range so far and are looking at 2 things one a move above the 2918 area and if this happens I would target 2936 for the day. NQ is leading very strong to the up side and if it stays strong this is the most likely event.
In the event the upside fails, what has been happening early as of late in the...
Yesterdays rally which hardly had any volume, is very suspicious whether it is a bear trap or not. We might get a sideways day today.
There is a report which could effect trading is US:New Home Sales 10:00 AM ET.
Welcome to this updated analysis on S&P 500 Let's get right to it!
a bull market is now 10 years old. It is the longest lasting bull market in the history of the US financial system.
Daily S&P chart, we can see that the market has now contacted the upside resistance zone. However, more importantly, we can see that the market is beginning to produce a...
It seems that market will open gap down and try to close the gap. Otherwise, market will sell off.
Important report will be out which could be a market mover. US:Existing Home Sales 10:00 AM ET
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![ES1!: [ES1] S&P 500 Struggles in Major Resistance](https://s3.tradingview.com/3/3z21zEfd_mid.png "[ES1] S&P 500 Struggles in Major Resistance")
