short term short mid term bullish long term at potential decision point. Needs to reach above where outlined our continue lower
SPX may run higher to 4400 level to complete wave(B). I expect to see wave (C) of circle 4 somewhere at 3k+ level.
2.16-17.23 Review: Thursday we failed to continue over 4170 and failed to hold 4143-37 which gave us a move to our lower target down at T2 low and a break of 4103-4099. Friday we opened at potential support area and were able to hold it during the day due to short covering before the weekend with a move back towards potential resistance towards the close but...
Friday 2.03.23 Overview: Coming into the day we had our Globex inventory around 4168-62 Support which broke overnight, 8:30 am data gave us a flush taking out lower stops and finding support at our Key Intraday Support 4143-37, RTH Open didn't waste much time and corrected the inventory back inside the value and up to Intraday Resistance at 4191-85 this is an...
Review: Today we saw that our suspicions about possibly finding a place to tighten up a bit to get ready for next move might have been correct, still have to see what we do in Globex but so far the information we have is we have accepted in this 4220 - 4137 intraday range, we have supply over 4220 - 15, we have built a support last night Globex under 4061 -...
Review For 2.01.23: Fun day with the Fed today, not sure I how missed so many signals today for a long trade and why I was so short biased coming into today after mentioning Friday that we had more in the tank the way we closed and from our pre Fed price action. If long at the break over 4084-77 was caught, it made a nice little run over our Daily Resistance...
Review: Sunday Globex opened right at key level of 4084-7, attempted to get back over but failed trapping the buyers and yesterdays end of day supply above. We sold got the move lower which broke 4061-56 and found buyers at lower support area of 4046-42 pre market. At RTH Open we corrected short inventory back to our Resistance area of 4084-77 where more...
This week we find ourselves opening right against bigger resistance area of 4120-4080, its a big market moving data week which will bring in volume. Lots of traders are looking for this to either reverse hard or keep going to 4150-4200-4300 those two are great options and another is to use this to maybe shake things up on both sides. It feels like there is still...
Review of 1.26.23: Last night Globex opened and found support on our TPOC location from Monday-Tuesday right above our 4030-25 level. We used the volume from morning data to run the stops over 4046 and get us up against our resistance before RTH Open. RTH opened with the stop run over ON High into Supply area where we found our sellers which took us down...
Review: Last night Globex opened and drove under 4030-25 trapping supply over which started our move overnight move. Yesterday we had signs that inventory is still low and someone is buying, Globex was used to drop the bid under Previous day low which helped get us under 94-89 and our T2 Low Support which made more people sell out into the buying under...
Review: Didn't have enough gas today to get to our supply area, Globex spent most of the night between 4042-430 building up supply, break of that trapped supply from yesterday and overnight above it, that was our first red flag to be cautious today as if we were to continue strong we would have held that area in Globex. Area mentioned for possible support was...
Review: Short covering continued today, during Globex we held above 3976-71 Support, consolidated under VWAP before then open and once we took the open out off we went, we flushed most of the supply out of this area last Wednesday so this move over 4030 was much easier without much consolidation needed on the way up. We saw our first decent correction and...
Review: Last week Thursday we got back to our possible support area under 3930 and we could see the short covering stabilize the price before RTH at 3915-10 area which was important going forward, during RTH we failed to continue lower and only did a look below Globex low and came back in without reaching next level and taking out the low from 1.10...
New Year - Same Old Range In Play In our trading plans published on Thursday, 12/22, we stated: "Our models reiterate range-bound trading while the index is within the broader 3810-3860 range on a daily close basis". In spite of a lot of spiky price action since then, the index is still within this range as of today, the second full trading session in the New...
Title: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 34707 Pivot: 34199 Support: 33675 Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price...
Title: S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 4173.25 Pivot: 3913.25 Support: 3751.75 Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud, indicating that the market is bullish. If the bullish momentum continues, price may move towards...
strongly advice dont pick sell, looking for buy signal and buy pinbar for hold to new high if you have old sell you must close all near 33000 good luck
Title: Corn Mini Futures ( XC1!), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 699.3 Pivot: 661.20 Support: 654.20 Preferred case: On the H4 chart, price has tested the 1st resistance line at 699.3 multiple times where the 20% and 78.6% Fibonacci lines are located. Price then retraced downwards with price under the Ichimoku cloud which...