RSI and MFI pretty much hit overbought for ES, NQ< RTY, and YM. The thing is, today is Ponzi 401k payday Friday so there's a good likelihood that the market melts up all day. I'm probably exiting in the morning and calling it a week.
My dear followers , Please, find my technical outlook for ES1! below: The price is coiling around a solid key level - 4214.75 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 4169.50 My Stop Loss - 4170.50 About Used Indicators: By the...
Hey Traders, As indices get swamped, it's time to change your approach. That's if you want to survive. Risk Management as always is imperative. Watch for more and ask Qs.
Here is our detailed technical review for ES1!. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 4198.00. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 4170.50...
Targets heading into next week after 4131 gap close 1st 4175 2nd 4121 Daily RSI 1,3, and 4 hour Money flow over bought, if ES gaps up again the 3hour will be overbought also. Whenever you see the MFI go overbought on 3-4 hour , usually within the next 2days a 2% sell follows. Daily RSI at diamond resistance and Daily candles has room to 4238 or...
Look at the intra-day targets for tonight/tomorrow and the weekly targets. Overview of NQ1! and QQQ as well as ES1! and SPY. Immediate price targets for intraday are: ES1!: 4206 to the downside 4254 to the upside. Most likely: 4206. NQ1!: 14345 to the downside, if that is broken 72% chance of 14283. 14527 to the upside, if that is broken, around a 68% chance...
Just going to post a quick idea. I did not do an idea on SPY this week because its pretty straight forward. The bullish momentum is strongly likely to continue for the week. As of now, I am short as of 4290, my intra-day targets are in the chart. Make no mistake though, this is just expected pullback. Upside is the way this week from what I can see in the...
AMEX:SPY SP:SPX $ES_1 The resistance level in ES everyone's watching 🤓 At least I am
Hey Traders, The S&P opened higher after debt ceiling news regarding an agreement. Likely this will provide impetus going into this week. That's why you must plan. Comment Qs below.
15 pts until the ES gap fill, you know it'll get it before Tuesday open. The only scenario where i see a gap down is if it's overbought during Euro hours and tanks before the market opens. That has happened before. I'm gonna snag a few ATM BITO puts just so I wake up and pay attention Tuesday (just another beer money bet). Otherwise I'll just wind up sleeping...
easy peasy lemon squeezy S&P 500🍋, don't you think?
Amazeballs, ES MFI already hit oversold. MFI is not a good indicator for gap direction though, so we could still see a gap down tomorrow if Europe sells off. Flipped half my BUD puts and riding just the profits. Sticking with small bets for now, crazy market. Gotta make some money to make this worthwhile though.
Not overbought yet, should get there before market open tomorrow. Friday is Ponzi 401k payday, so I don't recommend shorting anything until tomorrow afternoon at the earliest
My dear subscribers , I analysed this chart on ES1!, and concluded the following: The asset is approaching an important pivot point 4219.25 Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 4256.00 About Used Indicators: On the subsequent day, trading above the pivot point is thought to...
... for a 3.00 credit. Comments: Targeting the strike that is 50% of current price that is paying around 3.00 in credit. 1.50/$150 max (due to the multiplier) on buying power of 9.23/$923; 16.3% ROC as a function of buying power at max; 8.1% at 50% max. A basic bet that we don't see 2100 by the end of September in the S&P 500; alternatively, a bet that my...
Well I flipped my BUD puts on open for decent returns, ES MFI hit oversold yesterday but RSI is hung up in the middle. The question here is do the algos pump on MFI being oversold or do they wait until RSI hits it? I'm inclined to believe they're gonna pump because the market is stupid, lol.
Gap filled and everything went overbought on MFI as well. So far it looks like a pump and dump, kept my trade simple and shorted XLF.
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