This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
Overlayed the TIP a chart with SPY (blue line). Quite clear that TIP (amongst JNK/HYG and even copper) precedes the index. Given all previous analyses and outlook, what we would like to see is that TIP break out and above its trend line resistance, as does its VolDiv. When this happens, can expect a bullish advancement. MACD has not yet turned to crossover, but...
From the combined weekly chart, it appears that the indices are bullish and on the way up. 1. Tested, bounced off and broke above the Fake Out Lines; 2. Last week's candle is obviously bullish with momentum 3. MACD and VolDiv are both supportive of bullish upside 4. TD Sequential primary trend is bearish, but the current setup appears to aim for a completion over...
The target has been readjusted for time. The week closed above the two fake out lines, which now become critical supports. Technical Indicators, MACD and VolDiv, are bullish. Bull on, Risk on!
With all the Doom & Gloom regarding recession worries we liked our idea even more so into Q1 close last month. So far so good however we are still very early in Q2. We remain bullish above last months high (March 2023) Seeking Pips will be managing our positions on the Weekly and Daily charts. We also note that the current price is also in a key Fib...
while the NASDAQ leads and is super bullish, the S&P500 lags a little... So, took the combined chart and realized that previously had done some longer term analysis. You can see the marked target which was done the last time I looked at this in March 2023, before posting the related posts. Now, to play the sceptic... watch the fake out lines.
ES1! SPX500USD 2023 MAR 27 I won't be trading till the new month starts. Keep profits and rest if target has been reached, and also chart is messy at the moment. Can't imagine a new quarter is starting soon! Scenario Planning: 1) Possible short if market tests previous rotation area (grey box) Volume Analysis: Weekly: Ave vol up bar close off high = possible...
The NASDAQ (and other indices like the SPY/SPX) appears to have what I would call the decisive candlestick(s). For the NASDAQ, it appeared ready to break out and then it epic failed with a long tailed dark cloud cover type of candle. Speaks so much to say that it is heading down. IF it is as expected, then we should see a break down below the red box (outlined...
ES1! SPX500USD 2023 MAR 20 No trade for SnP last week since levels not reached. Scenario Planning: 1) Trades will be guided by the channel 2) Long on support and accept of 3788 // 3893 Volume Analysis: Weekly: High vol up bar close above middle = demand Daily: No Supply ave vol down bar Price reaction levels: Short = Test and Reject | Long = Test and...
Here is what I see and why I think the S&P500 is due for a good bounce... From the weekly chart, 1. The candlestick pattern is a rather bullish one. The candlestick itself from last week is beautifully bullish. 2. Last week's candle bounced off a very critical meeting point - 23EMA, trend line retest, a higher low, and a possible pivot of a triangle. 3. The...
✅SPY is set to retest a Strong support level below After trading in a local Downtrend from some time Which makes a bullish rebound A likely scenario With the target being A local supply area above LONG🚀 ✅Like and subscribe to never miss a new idea!✅
ES1! SPX500USD 2023 FEB 20 Scenario1 rotation play yielded 120pts gain for week of 13 Feb. Scenario Planning: 1) Rotational play = trade at boundary of 4175-4061 zone 2) Short on test and reject of 4094-4048 zone Volume Analysis: Weekly: Ave vol down bar close off low = minor demand Daily: Ave vol up bar close toward high = Minor demand H4: Ave vol up bar...
Cobra here! Friday's report was quite neutral. The markets did not react much, but they closed with a fall. Let's take a brief look at the current situation: The index is getting closer to its old GAP, which I wrote about a long time ago and said that it would be closed last. If there will be no additional bad news on the market, the gap will be closed, and then...
ES1! SPX500USD 2023 FEB 06 Last week's Scenario1 short and breakout trade both offers TP of 50pts each. Market is back into supply zone (circled), 3 TFs showing supply coming in. Temporary short opportunity may arise if market moves up on lower volume and narrow spread. Scenario Planning: 1) Short if 4209-4175 is resisted 2) Long on support and acceptance at...
GLOBALPRIME:US500 Factors of confluence for the analysis: * On the higest Degree of structure (Daily). We are coming from building equal highs. * coming from the equal highs, the price had built a Distribution and right after its completion, there was an accumulation that reversed the effort of the sellers. *On the purple trend, the last bearish retracement,...
ES1! SPX500USD 2023 JAN 29 Market presented scenario2 for Long with TP1 at 29pts & TP2 at 80pts. Supply observed on H4 and Daily TF. Supply may be back to defend their position. Scenario Planning: 1) Watch for H4 bar, possible scenario - if next H4 bar close higher but on narrow spread and lower vol, market may present a temporary short opportunity - if next...
Bearish on indices, looking to see if last week's high holds. watching intraday for trade opportunities.
The week to close leaves Friday (today) and currently, the weekly candle is looking really really good... A potential weekly break out is in the cards IF Friday can hold current levels and/or rally further above 400. Furthermore, note that the MACD is in alignment for an uptrend. albeit the VolDiv is slightly less than ideal, being flattish-ly up trending...