Which way will the ESM2018 go? I attempted to draw chart trends from the recent correction in February, 2018 through present. It appears there is a triangle chart pattern forming, but I am having trouble identifying whether it is bullish or bearish. If it breaks below the bottom support of the triangle, I am short for a test of the recent lows. If it bounces...
YMH2018 -E-Mini Dow Jones ($5) Futures ;TF 15 minutes ,CBOT Down to Fib. cluster around 23,925 to 23,846
Depois da correção da forte tendencia de alta do dia 18, ajuste realizado até a faixa de 50% de Fibonacci e possível novo inicio de alta.
Since I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind. This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do...
With bank earnings coming up this week, the line in the sand to keep an eye on will be the 2400 level. Breaking it will accelerate the selling into the 2385 level and eventually take us to the 2360 if buyers don't show up to enforce a bounce. Many analysts have been announcing a correction since last summer, and the uptrend has just expanded even more. My only...
The white fork is the major one. Price flows according to it's path. The blue fork is to watch for potential support/resistance within another dimensional (more sideways) flow. However - I see price coming down to at least the L-MLH of the white fork. May the forks with you §8-) P!
ES zoomed above the centerline. Now the bulls try to push it thorough the U-MLH of the blue fork. If we pass this and close above it, then ES will go further north, probably into the resistance zone bevor taking a nap again. P!
I just wait until I have a good stop. My stop shall be behind the bigger structure (see the light blue boxes?). But I'm aware that ES is going parabolic at this time, so no hurry - let it exhaust itself. Hunt mode on ;-)
From the election night panic low, the Trump rally generated a nice impulse wave on the Globex Market that was followed by a very muted correction not even reaching a more acceptable 23.6% retracement suggesting we are not done correcting the Trump Wave. and actually the rally from Nov 11th is seen as part of that correction. Yes a rally within a decline. Even if...
Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area. E-Mini 60Min Chart - October 23, 2016 In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete...
Possible primarily wave count on the monthly chart
When looking at the daily bollinger bands width (bbw) there have only been four other times where the bb were as tight as they are now. Years 1964 & 1965 and year 1995 before the huge breakout into the year 2000 high In all of the previous times the S&P500 was in a small pullback then rallied 5%-6% which I believe it could do again. I believe buying the dip is...
E-MINI S&P MIDCAP is above the all time high but with a big bearish divergence on daily. Meanwhile there is a hidden bullish divergence on monthly. So i'm expecting a correction before a possible strong wave up. If the price breaks the rising trendline it invalidates this setup.
brasil > com o dolar despencando , o indice vai da um grande pulo ! boas compras Usa > with the dollar falling, the index goes from a big leap! good long
BRAsil > -com a forte queda do dolar , no dia de hoje ele andou dentro de um tunel , amanha certamente ele entrara em uma forte queda . o REAL esta muito valorizado sobre o dolar . esperamos que o indice suba pelo menos 300 PONTOS USA > -with the sharp decline of the dollar, the day he walked inside a tunnel, tomorrow he certainly entered into a sharp decline....
Potential Support is in play with the WL1 and the CL. P!
So as you guys & gals know, i was ultra short biased on the S&P. But there are times when i have to admit that my thinking was not how the reality evolve. i'm sitting here and watching this chart, and i see that there is strong support. The two scenarios on the chart give you the idea from the perspective of the A/R framework. I'm patient, waiting for something...