Last week ES gave us a welcomed sign that a local temporary bottom is in place as we are accepting higher prices. The week before last, price balanced in the mean (Red level) and we stayed skeptical and patient waiting for the appropriate signs to get long. Last Monday was the signal, as the day's price action completely engulfed the back-and-forth balancing of...
With the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the...
I'd like to say to everyone reading this hello! I like to draw symmetrical lines and uncover hidden meanings in their relationships. This is a chart of lines I have drawn. Sometimes I like to illustrate my drawings with icons. Historiclese ensures the historical accuracy of each drawing. I hope these lines speak to you too!
Long S&P 500 in Fed Interest Rate Decision 15.06.2022. Max risk.
Long S&P 500 Fed Interest Rate Decision and witches day. Max risk.
So far the market hasn't shown it doesn't want to go lower. Now that we are in the 2nd Half of July and some Sell-side Liquidity has been taken, I anticipate a move up to rebalance price. For next week starting July 17th we have an ATR of 215 which could put us around the 4060-4080 range in terms of expansion. We have several gaps to fill above and some buy-side...
Monthly candle closes tomorrow.... Gulp. Buying or selling?
Instead of waiting for NBER to officially declare the confirmation of recession, an alternative way to identify is using the U.S. indices quarterly chart, especially the S&P. Typically, economists call a recession when GDP has declined for two consecutive quarters. A committee at the National Bureau of Economic Research (NBER) is responsible for officially...
Looks like a big rally shaping up to end the month of May, but June should be a full-on bear fest, at least to start the month. Major Wave 1 down should end in the 3200 - 3500 zone. Likely, we'll rebound from there into the Fall of 2022. Major Wave 3 will likely project down to the 1500 zone. Major Wave 5 will likely end in late Spring 2023 with target...
Watch teh current forming bear flag for a shorting location
First target (green arrow) if 4375 on es after open holds it up. Will try to post trades that system hits on.
I have been trying to only post when you will have 10 or so minutes to join me on the trade. Darn things fire off before i an get them posted. Do not want to post look at the trades I have done. Arrow marks spot i was half finished typing on and it took off, will keep trying to post early.
Orange Fork: Price reached the centerline and flushed through it. Now fighting against a further stretch. A close above the yellow horizontal would indicate, that price reached it's P3-Swing (3?). Red Fork: Speed fork, which is a measure if the speed will increase or not. Close The close above the red centerline tells me, price is slowing down, because of no...
... it is a sign of a top approaching?? Disclaimer: This is just an opinion, not a financial advice. Do your own homework.
When twitter starts posting VIX charts, you know its time to buckle up for them to scream "GolDen AgE oF AsSeT BubBlEs" when the market, against all the social media narratives, rips shorts to shreds. "ArCHEgOs iS goNnA buRsT tHiS BuBBle" -> /es runs to 4k+ instantly No, this is not the 2001 Tech Bubble. 4104 is top line resistance. If hit, we'll have a small...
Hello, Thanks for watching! I see some scalp opportunity for 2/4/2021 to go long take 8-12 points around 3825, 3775, and 3700. Have a great day!
with SPX at 3840, after an impressive run for the last 12 weeks, is it due for a rest? It is likely the market will attempt to ATH to 3880 on heels of good earnings from meg caps but the majority of the moves are already made. Testing 3800 is a higher probability than 3880.