On the 50 range bar chart for SPX E-Minis Futures , you can see what has happened during this last run-up when RSI dips to 40 or below and starts climbing. Marked with the red arrows.
We take a day or two for a quick breath, then start climbing again. I would like to see a couple more bars print for confirmation.
If we can punch thru the $3202 level, marked by...
based on current fibonacci extension levels we might see a drop to 2000-1800 levels.
compared to the 2008 recession this could be the best chance to step into the market.
Precio de Entrada: 2955.25 USD
Stop-Loss: 2997.25 USD
Objetivo Mínimo: 2819.25 USD
Objetivo Máximo: 2819.25 USD
Razonamiento:
- Entre el 01 y 02 de Octubre el precio rompe a la baja zona de soporte en donde confluyen el mínimo del mes de Julio 2019 y un nivel invertido semanal. De tal modo que el sentimiento de mercado que tomo es bajista.
- El precio de...
When some asks me: "All is ok with American economy".
My answer is: "Yes, ofcourse, it just prepare to smash down:)"
There is two point for short:
1st at 2900 1 hour resistant.
2nd at 2961.daily resistans.
I will wait for 2nd to short.
Drop started from 3000's and now on 2971. RSI, Parabolic SAR, Moving Average most of the main indicators are supporting the drop.
First target will be 2962 and if it breaks that support, next target would be 2939. In case of an upturn in chart, we should check if it can break 2974.
S&P500 still in main move down.
The best point for short near 2961.
Also, it can be little lower at 2935.
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You can ask Your questions about any instrument You want.
Is it something wrong with my yesterday plan?
Of course not))) I just wait for better point to open short.
The Best point for short is 2961. But will price reach it?
Most of the people tell me: "Just relax, it is move down before new high on S&P500".
But I don't think so.
Price moves down now. Main target at 2700.
I wait for opportunity to open short.
The Best point for enter is near 2961, but price, also can fall from here.
Price took out the Asian highs. No real momentum to the upside. HAs failed to take Friday highs. On NY open expecting price to test Friday highs before coming down to fill the gap.
Today I believe it’s going to be a balanced profile day as market awaits Sino-US trade talks outcome.
Overnight price traded within yesterday’s value area. I believe price will come down to test yesterday’s lows before going up to test overnight VPOC or try to take out overnight high before falling back within the range -baring any unexpected news of course.
Basically price /market has rejected everything that occurred on Friday.
I did point out that smart money was balancing their books. They did that beautifully. A long of longs got trapped and accounts blown!
One rule of thumb – too many speeches on the day, obfuscate price action. Add Trump tweets and China-US trade war and it being Friday.
Note how the drop came...
After an eventful price action yesterday, price calmed down overnight with a slow grind pullback.
Today I am expecting the price to retest the top of the value area high and take out the overnight highs before coming back down and taking the lows of yesterday. If the lows are taken expecting price to test the weekly VPOC.
Yesterday’s price action was a bit unexpected due to earnings outcome. However, while price went up, it was not very convincing, due to the pace and low volume. Divergence remains.
Overnight session remained within the value area low of the previous session. Towards market open, price pierced yesterday’s POC and pulled back to the bottom of value area high.
Based...
An interesting week ahead. China trade relations raising it’s head. October highs stealthily taken out overnight, on low volume. More earnings reports out this week. Beware of traps!
I think the market with try to establish value at Friday’s POC before deciding whether to retest the overnight high or continue to the downside.
Wait and see what the initial...
Overnight price has been confined below yesterday's POC, around the value area low. Price rejected the low pricing. During London morning session, price still undecided. Positive GDP figures pushed up price.
I am expecting price to test overnight highs and lows, and possible yesterday’s low, before going up to take out the weekly high.
A couple of figures still...
Another day of earnings and uncertainty. Nasdaq made higher highs after earnings reports after market close. Dow lost some of the gains made on Tuesday. This has left S&P a bit flustered. There is no clear directional bias on intra-day. Overnight price action, particularly during London, held in a very narrow range. Maybe those in the know, know something retail...
I see a scalp trade opportunity. This is going to be 1:2.5 RRR quick trade. I have 12 tick stop. Actually I am not trading futures so often. But I will give it a try
This is not financial advice
Trade safe
Atilla
