After employment report we got a very strong move so here is my thinking.
Above 3138 we go to 3144 minimum, and below 3127 we spend the day chopping in that distribution.
This could be a great impulse to play off of so will be leaning long on almost every dip.
Well, we hit my 3130 target from earlier this week, not the way I expected obviously. Back tested the old channel line.
RSI overbought, MFI divergence, which is bearish. Not chasing this rally. At the same time, any news can happen over the weekend.
Daily Market regime
Selloffs are quick
and short lived
Use as buying opp
The best shorts get
stopped out quickly
Longs are slow and
Also known as the market
regime that pisses off
the bears more than
Always In Long Market
Long story short. New highs incoming.
I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild.
RSI is trending up. not over bought yet.
Gold sold off hard today. Still down trending off a massive weekly resistance
TLT had money go into it and its rise got smacked back down...
SP has recently broken out of its ascending channel its been in the past few months on news the trade talks might not reach a decision by the 15th. With more volume than previously put on while it was going up, we are forming an flag pattern which looks potentially as a distribution channel with further move to the downside. Looking for a possible short on the...
Use this as a guide to develop your setup:
Main items we can see on the Daily Chart:
a)The price was not able to broke above the Highet trendline of the White ascending channel.
b)The price Broke the ascending dash-dot light blue channel.
c)Price Found Support on the Higher trendline of the Yellow channel (most significant structure of the chart).
over night action started balanced inside yesterday then made a little gaping move higher so a retrace to 3114 and then continuing up is one decent idea. I do see 3117 as a import support between 2 distributions.
If we break above 3125 I can see us heading for the blue box target area.
So today becomes a day the bull get to decide if the day session ATH is going...
Futures went oversold on MFI and RSI, so we get the expected bounce, probably back to 2130, not sure what happens after that.
If we're doing a sideways whipsaw here, it's certainly bigger than I expected, but hey, I can't predict the news...
First of all, I have zero financial knowledge. I am not educated and finance is not my profession. I barely understand your language. I'm only a technical guy.
Looking at charts, I have predicted some possible targets of the next stock market crash. The worst scenario begins around $2600's. Hopefully this never happens. Maybe there's only 1% probability or maybe...
The ES Daily time frame is at the top of
resistance. The market is starting to break
the counter trend line bearish. If the market
closes below the counter trend line. I am
expecting a +600 tick bearish move towards support.
The S&P 500 is at new all time highs, and this market is well positioned to head significantly higher. I've featured the pattern on this chart in several other analyses, and it shows that the market is setting up perfectly for an upside continuation. From my perspective, as an analyst, this is strong evidence that the bull market is entering a new continuation...
Phantom is signaling sell on the hourly and the 4hr
Possible wicks to $3159, which would complete the pending XABCD formations.
indicators used are by: @CoinObsAlgos
my 3 targets are on the chart.
Here comes the liquidity
Short fill levels in red.