The ES Daily time frame is at the top of
resistance. The market is starting to break
the counter trend line bearish. If the market
closes below the counter trend line. I am
expecting a +600 tick bearish move towards support.
SP500 is still consolidating above the Range High and needs to break out the Key OB. The direct proportion between the volume and the price action (higher highs and higher lows) is indicating that this distribution isn’t done until it reaches its targets.
Entry: 2881
SL: 2719
TP-1: 3089
TP-2: 3219
R/R: 2.09
Please let me know if you have any suggestions or any...
The ES Daily time frame his hitting a level of
U-turn that has U-turned the market 13 out
of the last 14 times it hit its angle. If the
market U-turns as expected, the market
should fall bearish towards the up support
level about +600 ticks away.
I think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will...
The ES Daily time frame his hitting a level of
U-turn that has U-turned the market 13 out
of the last 14 times it hit its angle. If the
market U-turns as expected, the market
should fall bearish towards the up support
level about +600 ticks away.
Looking for a breakout of this rising wedge to new ALL TIME HIGHS. My target is 3,300 or close to it then going to close my position or keep a tight stop. Do all time highs in the S and P make sense with the Global slow down, manufacturing recession, Dow Transport crashing, isolationism around the globe, China economy slowing.... no, but greedy investors are...
We are right at a level here, which is the log .618 of the local range and also the neckline of that previous broadening formation that can be indicative of a major top. I think this will be the level to break and close to potentially take out the ATH in the coming days/weeks. The current daily, if it were to close as is, would look like a bearish hanging man but...
One of the best ways to outperform the market is to buy the S&P 500 (SPY) or a leveraged S&P 500 index fund (UPRO) and simply hold it for the long term. However, the price at which you enter such a buy-and-hold trade is extremely important. If you get a price that's 50% cheaper, you'll make 100% more money over the lifetime of the investment, because you'll have...
Last post: See link below.
Review: Price was trading above previous resistance now turned support.
Update: Price is currently losing momentum as it approaches the next area of resistance.
Conclusion: Time will tell what price chooses to do next, but we are still patiently waiting for a breakout of resistance.
Any comments or questions, do not hesitate to leave...
The ES is at the back side of the old up trend line.
I am looking for signs of a bearish push towards
the south. This should cause a bearish trend
reversal off the smaller time frames.
The S&P 500 E-Mini Futures one hour time
frame is in sideways movement. I am waiting
for the market to hit the top of the
range price point 2940.00 from there I will
look for counter trend line breaks bearish
towards support price point 2830 about
+440 Ticks away or $5,500.00 of potential
opportunity for every one e-mini contract.
We have now slipped into the abyss and a full correction down to levels, which were being considered as deeply unfathomable just mere months ago, and are looking more likely to be explored sooner rather than later. This updated chart provides a shot at near-term predictive bottoms, which now includes a pre-Christmas estimation; end January 2020, end of February...
Welcome! Today we'll have a look at an interesting development in the S&P500, as well as look back at some past history making events.
First up, I'm not predicting anything. I'm not in the business of predictions because it's a fools errand. I trade what happens, and until something happens all of this is academic. However, I am in the business of making money,...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
