Setup: 1. we note a d3 Choch 2. OB D3 3. Liquidity D3 4. will wait for 12H LTF Choch 5. Last OB H12 OB creation 6. Then we willSell
S&P500 has formed triple bottom around 3800 shown a minor pullback Technically, near-term resistance is at 4000 significant support stands at 3800
Today price action with high volatility could look like this
Netflix What is going on? After 6 years of exponential growth + 1'000% (2015 - 2021) the time has come for an immense profit taking. Losing 70% (going from a $ 300b to a $ 100b market cap. This capital will be used to refinance the company and to develop new commercial products. However, losing the SUPPORT 430/380 now NEW RESISTANCE. We find 3 main...
ES. Daily view. First off, you can't solve supply chain issues (Keynesian economics) with rate hikes. Rate hikes might slow down some demand due to lack of cheap credit, but this type of inflation goes much deeper than just the Fed's money printing. Economies are complex beasts that don't have one simple cause or answer. Even the 2008 Recession had several...
Sp500 futures stuck in a range. The black TNT bar shows the range for the markets now. We will consolidate until we break the range.
The S&P 500 has Bullish Divergence on the RSI. We should see it head back up to the 4400 - 4450 area over the next couple of days. The threat of a flash sell-off is always looming, so precautions have to be taken when trading against the trend (currently down). However, if we do not get anything random in the markets, then the SP 500 should make it's way up to...
Since the beginning of the year, SP500 lost almost 20% of its value from top to bottom (close to entering bear market territory) However, the drop from the top looks corrective and 4100 can very well be the end of this correction. Technically, the drop under 4250-4270 support was quickly reversed and is a false break and, if SP500 manages to break back above 4400,...
ES futures update waiting to cross 4270 trendline resistance for more upside can easily retest 4200 level if 4250 is not held in overnight session. Overall bullish look so far looking for more upside soon.
Looking at the SP500 Weekly chart, we have so far retraced about 11% from the top, and it doesn't seem to be the bottom. The market appears to be going for another test of the 4200-4250 area. If the support breaks, we could reach the 4000-3900 zone. If we try to simulate Covid not happening, consider that the market has seen a higher growth before Covid, take...
If S&P 500 closes below support level of 4291.25, which has held since July of 2021, then that would be confirmation of the following idea. The S&P 500 is likely headed to 4118 or 3990.5, which are the fib extensions of the downtrend which began on Jan 4, 2022, marked as point A on the chart. Points A, B, and C on the chart were used to create a "Trend-based...
Short around 4440 with stops above 4485. PT around 4330. Good Luck!
SP500 after the doubletop over the monthly trendline at the 4800 melt to the support. The market reacted at the support area and tested twice the resistance area at the 4590 level creating another reversal. Furthermore, the market reacted to our beloved 0.618 Fibonacci level of the previous impulse. How can we approach this scenario? We will monitor the market...
Futures pre-market analysis not look great for AMEX:SPY in my eyes. Big rejection when trying turn to green bar on today (1,60% wick).
ES weekly. Degen is a slang for degenerate gamblers. Many degens were born from the 2020-2021 bull run. In a bull market, everyone is a genius. In a bear or volatile market, only those who practice risk management survive. The new traders will find out very soon as to why very few people make it in trading long-term. As stated in the VIX post, the market cares...
S&P 500 futures have respected the downtrend since Jan 4, 2022. They're headed to a support zone of 4,318 to 4,291 that was last tested in July 2021, October 2021 and January of 2022. Once they reach this zone, they might bounce... or not. I can't be sure what they'll do once they reach the zone, but it looks like they will hit that zone given the RSI is breaking...
We might see an euphoric W shaped recovery after Russia reported pullback of military troops. Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry. Looking forward to read your opinion about it.
Last weekly candle triggered a BEARISH ENGULFING PATTERN ! Indeed, the failure to : 1) Recover above the Mid Bollinger Band 2) Hold above Kijun-Sen and Tenkan-Sen is confirming this persisting downward pressure in this weekly time frame. Looking ahead, it is likely to see an ongoing downside move with temporary recovery attempts in a countertrend tactical...