Last week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account.
I expect buying to continue into next week and I'm interested in buying any weakness.
Green area is very...
possible spy play out leading to the fed minutes esp if talks of balances sheet run offs. i dont need to list all the other crazy factors which are on the chart. mrkets can and will do anything its just something i kinda eyed out.
ES1!
ES1! SPX500USD 2021 Nov 01 Week
Short from test and reject 4590 and
Long on test and accept of 4552 was good.
Wait and see if H4's ultra high volume is bullish absorption.
Price may return to test the 2nd last bar, and if support is found,
it is a long opportunity.
Weekly: Higher volume narrower spread up bar = weakness
Daily: High volume up bar...
ES1!
ES1! SPX500USD 2021 Oct 25 Week
Market went up on narrow spreads, made new high and a UHV
ultra wide spread bar took out the previous 6 bars' low.
This is weakness. If market moves up on tiny spread and lower
volume, this is no demand, don't get trapped in long positions, or
tighten stops if long.
Weekly: Low volume up bar closing off high = Weakness....
YM1!
ES1! SPX500USD 2021 Oct 18 Week
Don't chase long. Wait for price to return to test lower levels and
find acceptance to long.
Weekly: Low volume up bar = Weakness.
Caution and keep stops tight if long
Daily: Narrowing spread, low volume up bar
as price approaches previous resistance = weakness. Tighten stops
H4: Narrowing spread and effort no result as...
SPX500USD ES1! SnP500 2021 Sep 27 Week
Impressive recovery of the SnP after the down move. This means the uptrend is still intact at the moment.
However caution needs to be exercised.
Weekly: High volume ultra wide spread up bar. Weakness appears on UP bars, tighten your stops if long.
Daily: Market moved up on reducing volume, narrowing of spread =...
ES1!
SPX500USD ES1! SnP500 2021 Aug 16 Week
Weekly: Narrowing spread, tiny spread up, Effort No Result = Weakness
Daily: Ascend on declining volume, tiny spread Effort No Result = Weakness
H4: Market ended week in a 10pt rotation. Narrowing spread and effort no result
= Weakness
Strategy for Short (Test and Reject):
- 4463
- 4456
Strategy for Long (Test...
