Inv Head and Shoulders has formed on Daily chart We are just waiting for the breakout which will send the price to Target $16.93 With the bull market across the board with investors moving their money back to stocks and out of crypto, we are seeing global upside to come for stocks.
In the weekly chart of the S&P500, we can see the price has been on a continuous uptrend since 2011. It’s moved from 1,170 up to a high of 4,834. One indicator that I believe has helped this uptrend, the squiggly black line. This is the one and only 200 Day Moving Average. This is the indicator that all investors and traders take note of. When the price is above...
Fellow traders, ES is in a tricky place. Many traders are getting excited about longs this week and I can't blame them. However, my strategy is painting a different picture. Last Tuesday and Wednesday we saw 3580 holding LIKE A BRICK WALL. It is very clear institutional entities had an interest in defending the level. 3600 - 3580 was a battle zone that I don't...
SP500 on 4 hour has broken out of two formations. 1. The medium term downtrend the markets been in for the last few months. 2. A W Formation which has broken into a new uptrend... Bullish Target to 4,200 Regards MATI Trader
More than 80% is the probability of win by buying ES1! now at 3696.00 and sell after some days at 4072.50 Its is really a fast and simple money just buy the ES1! Do not think two times we-are-making-money-ES1!
SP500 index very very bad scenario. If fed will continue to gain interest rate, this time maybe we will see big recession! This is not sell signal, this is just one scenario i see on this chart.
This is a S&P500 chart on a weekly timeframe. Look at it carefully, aren't we about to have a sharp fall and market recession like in 2001 and 2008??
After the Wednesday rebound, SP500 went into downturn again in Thursday, amid investors fears of economic slowdown and further interest increase. The benchmark hit new low on Wednesday, before rebound, of 3602, which was not tested yesterday, but if the downtrend keeps its momentum, this level might be tested and even levels of 3480 might be reached. In the...
This chart shows SP500 futures since 2009. The current correction is wave 4. Now building wave C of 4 with an ideal target of 3000 - 3200. Final wave 5 resides at 6000
Sometimes, to get through resistance, you have to force sellers to liquidate at much lower prices. This just happened. ES struggled to get through 3975 since yesterday, and needed a hit new daily lows to get rid of those sellers. Even though the H&S pattern posted earlier has been technically invalidated, the minimum measured move of the descending channel...
Whether you're doing the continuous contract or the December contract, lots of technical warning signs here. We aren't beearish or bullish just yet in the near term--look either for a collapse under the 50dma and a close underneath the rising wedge pattern ES has made on the weekly chart before rolling short or a breakout and defense of the upper trendline of...
I'm looking at MES on multiple time frames and I believe the 2hr chart gives some outstanding detail and clarity on what has been going on in the markets as of late. Using the fixed range volume profile tool and studying consolidation periods we can see that the perception of value has clearly dropped through the end of August and into September. While I will...
On higher time frames it would appear that the SP500 futures are in a range. Due to that I'm looking at the extremes of the range as an overbought and oversold level and intend on fading the extremes if there is a trigger. Price could break out to the top or bottom side and it would be very interesting if that were to happen. I believe that to be unlikely given...
The Market went through the $4165-$4200 resistance, as described in my previous analysis. We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level. The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation. From my point of...
SPX500 dropped 25% from its peak in Jan 22. It has recouped around 13% loss and standing just below the 200 EMA. The trend will be decided based on whether it crosses 4200 or falls back downward which would make a case for bear market rally. Watch the next few weeks very closely.
SP500 will hit $5600 in 390-420 days. Let's test it! The main argument is engulfing the June dump. I think that big money start to push the market up. Negative around global economy on the highest level. So, maybe they see future growth and the end of the problems. The new SEC target is to form a Bull trend in the market. So, maybe they've done it.
The tape is not good, we can visit 3675 this Thursday. That is a strong a daily demand zone, no to be crossed or crossed before going to 3348
It seems they need to balance a little, but at some point they need to go to 3890, it this fail below 3812 a sell off again to 3725!. pivots 3812, 3840 Above 3812, long to 3840, 3890* Below 3840, short to 3912 and to the end of the world now 3823 $es_F #tapereader #Daytrader