This is an updated version of my previous post on SPX index, on the basis of Elliott wave analysis
after breaching of 4196 ,the fifth wave is going to extend further up to a maximum of 3740.before march end 2022
traders can open shorts near 4280/4300levels on monthly PUTS, but strict stop loss 4340 ,(disclaimer, trading at your own risk, pl, verify with your advisor)
Hello my friends, today I want to talk with you about ES
If you see the department that there is a price failure in addition to there RSI DIVERGENCE
which confirms a good opportunity to buy and this is what happened
Through an analysis I conducted, it seems that the price will continue to rise,
so we will wait until the red line is broken in the coming...
Good morning traders...
After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff.
However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next,...
M top on SP500 confirmed on monthly timeframe when removing M2 (monetary inflation).
Previously happened during dot.com and subprime.
Localisation - at neckline and major resistance.
Momentum - Divergence on MACD & RSI, MACD cross 0 tb confirmed at march closing - MA cross usually happens after retest of neckline (tb monitored)
Structure - M TOP...
In this update we review the intraday price action in the SP500 (futures contract) we identify the next high probability trade location and price objectives to target.
Buyers showed up in the S&&P 500 on Wednesday, As demonstrated by higher prices. However, I do not consider this a strong buying signal. A strong follow-through signal would be a close above 4420. It's also important to remember that we have employment information coming out on Friday and the market could be setting itself up for that fundamental information....
$SPY $ES_F Key Levels, Analysis & targets
THE TREND IS YOUR FRIEND
I’d say the 200 MA could be the upper limit here, around 443 before a move downward again. IF it even gets a chance, as there is enough reason for a move down from right here.
GL, y'all... I hope you're loving the volatility as much as I am!!! 💃🏻
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On the far right of the chart is my...
Reasons Why this is Strong Resistance
1: Algo Zone
2. Prior Structure
3 : Strong Pivot "White Horizontal Line" all the way up to "Tri-Yearly"
4: Trend line from our "All Time High"
5 : Strong Volume Nodes on the Volume Profile
6 : Pitchfork Median
7 : 50 MA from the Weekly Timeframe
CME_MINI:ES1!
Possible Scenario: SHORT
Evidence: Bearish Divergence
today pump has no meaning, absolute MM manipulation.
TP: 420$
*This is my idea and could be wrong 100%
Hello everyone, I'd like to share with you todays ES trading levels.
As drawn in the chart we can see, that the price broke the structure of an uptrend and set new LL and LH yesterday.
We want go with the flow and are looking for a trend continuation and some cheaper prices.
Please let me know your thoughs and if you like the idea.
Good morning traders...
Much of the same yesterday. Brief rally, then some selling, then rally again.
This leaves us precariously close to the "cliff" at 4275. Keep an eye on that level today if we get sellers early.
I didn't mention in the video that powell is speaking at 10 today, and will likely cause some large swings in the market.
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
No melt up, looks like MFI is cycling down
As I said last week, 3 or 4 day short covering. Quite a few stocks went green this morning and rolled over. Nobody's looking at PTON and thinking, "geez I need to get into that during a war", just algos squeezing shorts.
Oil hitting transports hard, consumer cyclical is next because oil prices impact everyone's...
