The S&P put in a Gravestone Doji for the month of November, similar to January of 2020. The month of November closed with heavy selling during and after Black Friday. In my opinion, the recent S&P rally is very unhealthy and reminiscent of the January/February 2020 price action. In January 2020 we had a similar Gravestone Doji with markets rallying to new ATH's...
Due to the downward trend of the global ounce price, it is likely that the price will fall to the range of 1700 in the next few days and move to the top of the channel after the bottom floor.
Looking to go long on spx500 as long as open is above 3300 or if we maintain that level will increasing buying volume, i will be aiming for 3400 - 3420 as potential target, if price closes below 3280 on high volume. i will be scaling in above my buy level on the 1 and 5 minute stops get trailed, if a stop at break even or better is hit and trade is still providing...
FEYE has recently caught my attention. Moving into some areas of interest. My first levels of possible resistance would be around the black diagonal line, followed by the 2 green horizontal line which are 3M levels of interest. My first take profit area will be somewhere above the 2 green lines. This is a longer term (months) trade for me if it goes well. Cheers!
RKT seems to have the world refinancing with them. Extended low rates also benefiting them. I think the chart looks strong, after shaking out some early IPO jitters. I plan to hold this for a few months. My first price target is $50.86.
The E-mini S&P 500 futures firstly has created a potential falling wedge pattern and secondly an Elliott wave impulse structure. We have mentioned these patterns in our previous analysis. Currently, after the wedge breakout end creation of the strongest wave in a whole impulse - wave 3 - we may observe a potential correction labeled as wave 4. Thanks to the...
The upper limit within a wedge pattern has been broken on the E-mini S&P 500 futures chart. It seems that the breakout took place with a significant strength of the bulls. This type of fast upward movement may be labeled as a potential wave 3 and is known from the Elliott wave theory. Key support seems to be placed at 3221 pts. and possible next resistance could...
The S&P 500 futures contracts are trying to break the lower limit in the rising wedge pattern. The market has been creating it since the end of June with lower and lower trading volume. What is more, the market has stopped the recent rally at its previous record high from February. Talking about the double top pattern could be too soon, but definitely we can talk...
Can't believe I missed this obvious pattern match, but now that I see it, would suggest another 3-5% run over the next few weeks, possibly more.
Bullish Case of $ES_F #ES_F $MES $SPX Bulls are not done yet. Here is why: - Brocken demand base retested - Daily/Weekly Open retested - Clean break thru Monthly open, looking for retest Invalidation: close below Weekly Open. We may shit the bed below Monthly open for more liquidity.
we just have to break that pesky 3030
$SPY $ES_F $SPX
Projected move based on a combination of chart patterns, EW hacks, and implied volatility. This would obviously imply a move lower Sunday/Monday on ES and SPX.
Looking at the H4 chart of the futures contracts on the US S&P 500 stock index, we may see a potential correction pattern. The last rebound on the US stock market reached about 50 percent of the first wave of declines that was triggered by the spread of the epidemic first in Asia and then on subsequent continents. According to the Elliott wave theory, the entire...
After a corrective movement which has appeared as a consequence of previous strong downward trend the ES.F price has created a potential double top pattern with the key resistance at 2634 pts. If this level is defended we may expect another plunge in the futures market. The level of 2445 pts. should be broken to confirm the new sell-off with potential target at...