Didnt do much except covered ES short from last night entry.
3886 is a very important resistance level.
Looking at ES small timeframe chart, there is a possible IHS is developing, but so muted, it can fail, but I will go long at 73ES and 68ES (might extend to 58ES) with a stop for tomorrow's exit.
Still want some squeeze into tomorrow and fail there
Hello all,
I would like to do some comparison here. On the LEFT side you can see chart pattern on 3D timeframe during the 2008 mortgage crisis in US. What happened?
From TA perspective - we can see broadening descending wedge or channel where price was strongly rejected from white MA (green circle) - what happened next you can see on the chart = BEARISH...
I was busy all weekend, this update will be quick.
Still seeing this as a bear market, well it is for the past 9 months wasnt it.
The main trend is still down!
Please note those purple lines are the unfilled gaps, will be gone each time the price will fill those, otherwise act as magnet to fill, depends on the trend
Looking at the price action, I can see 1-2,...
ES1! SPX500USD 2022 SEP 19 Week
ES's long trap played out on Monday, later than the other 2 US indices,
before the shorts took over on Tue 13 Sep.
Friday's last 2 H3 up bars happened on very high volume. Keep stops
tight if long as there is likely selling into the up move.
Possible Scenarios are considered:
1) Temporary long opportunity if 3853-3902 is...
SPX is at the end of a cycle and assuming that the crisis will continue, it is in a C wave in my opinion. My estimated target price for wave C is as I have shown.
SPX500 was trading in an uptrend
Along the rising support
But now we are seeing a bearish breakout
Of the support confluence
Which is now a resistance cluster
From where a further move down
It to be expected After retesting an area 3908.77
I did post this warning on Sep 12th as well as emailed to those who are on my email list.
Check the MACD on that day and now! It created a hook and continued lower, bearish!
Some people noted and didnt get trapped on that day, it was daily high close
DO NOT GET TRAPPED Today!!!
Dont short this red whole!
Have to leave, will be back in few hours, again dont...
S1 is right at first gap to fill 3831, can act as a very good support.
So again, its a day when I will be buying longs, question is from what price.
Ideally I buy at 3802-18 level, but might buy at higher price if I see that S1 holding into the close and no new lows.
Please note
Futs can always extend into AH's session
DO NOT GET TRAPPED Today!!!
Dont short...
The price gaped down as was expected, now lets see if 3850 holds.
Below 3850 there is a gap to fill at 3831, which should be filled soon imo.
Gaps to fill 3831, 3800, 3790
Watching 3802-17 to go long
The price has broke down and Im waiting for 3880-86SPX to be lost.
Ideally we gap down below 3880-86 and it becomes a resistance.
Futs already down and below those numbers if convert to SPX.
My pathway for tomorrow is to buy a gap down to 3802-18 for at least a day or 2 bounce.
- There is nothing but air after 3880-86 is lost, all the way to the numbers above.
-...
SPX - Long term uptrend line unlikely to hold. Even if prices where to be halted at the yellow uptrend line (SPX 1750), this still represents a further 55% fall in today's prices.
'Post crisis we will likely end the positive uptrend that began in the 1930s, and enter a period of zero or negative GDP growth furthermore' - to paraphrase Klaus Schwab (Founder/CEO...
This is an analysis of the S&P 500 ETF ( SPY ) for the period of September 12th through September 16th.
Weekly Expected Move
There is a 68% chance that SPY will close the week within this price range:
High price: 416.90
Low price: 396.30
There is a 95% chance that SPY will close the week within this price range:
High price: 427.20
Low price: 386.00
For...
I was sleeping in today, no point to trade this market but hold swing short position.
Mid Bollinger or 20MA crossed 110MA on daily, not a good sign for the bulls. MACD is still making new lows.
This seems to get to 3680SPX by the FOMC decision or right after.
Main resistance now is at 4030-45SPX
Mid resistance is at 3970-85SPX and I think we wont get above on...
Hey traders,
Here is our technical analysis on SPX500USD.
SPX500USD is coiling on resistance area.
Based on our technical analysis the SPX500USD will go lower.
❤️ Please, support our work with like & comment! ❤️
WE EXPECT NICE REACT TO FOR BOTH OF VOLUME SETUPS
JUST WE PREFER FIRST TOUCH ACTION AND BREAKEVEN STRATEGY
we expect nice react for both of volume profile setups
just we prefer first touch action and breakeven strategy
