Could the decline from all time highs be a leading diagonal.
The Triangle could predict the next move lower on Sunday night.
ES1! ES1! SPX500USD 2022 Mar 07 Week Last week's long on test and then short toward the test of 4290 worked well. Market showed topping, if 4290 is broken, market may reach for lower levels, presenting a short on retracement opportunity. Weekly: Average down up bar closing in middle = indecision Daily: Average volume down bar closing in middle =...
I'm predicting a sharp lower opening on Sunday night and new lows on Monday and maybe extending into Tuesday but then quickly reversing. The B Triangle is like a spring that should cause a gap on Monday morning.
The ES has been in a trading range for the week. We went up from the low of 4100, a spike and channel pattern. Looks like the market will go up first before the drop if it ever drops again. Connect the two lows (Jan 24 and Feb 24), we can see the Feb 24 low is higher than the downward channel, more likely a wedge. So if the market did drop to 4000, my theory is...
good evening, i shared this little idea the other day via: found some pretty nice demand today at my target, and i do see a high likelihood of follow through in the week ahead. similar setup to btc in a way, which is nice when both markets line up like this. Wave B target = 4578.50
An update of my first published idea with trend lines since 2008 and the actual EMA´s and SMA´s to match them So the 50EMA was breached in the weekly for the SP500 so the next stop is likely to be the 100EMA... Trend lines could help you see "THE BIG PICTURE" over the years from past support & Resistance levels to make your own conclusions and analysis This is...
Although we had positive fundamental economic data in the United States with 670,000 jobs added in February greater than the expectation of 400,000 and the unemployment rate dropping to 3.8%, but the Ukrainian situation is still dominant in the market and we saw downward pressure in the S&P 500. Because of the shadow on the bottom of Friday's action in the shadow...
im confident on the abandoned baby/bullish doji daily theory, and i think we may be seein a similar pattern now to the one i have circled in oct '21. if we continue off of oversold bullish divergence and cross the vwma getting a long entry in qqe then this market is a buy. we may gap up and trade upwards on monday. if we treat that average as resistance qqe will...
I think we've already started the accumulation phase of a market turn. I think this COULD in theory lead to a second leg similar to the one that started in the middle of 2020. I still think we're in a large Wyckoff Cycle, and we're about to have buyers drive price toward 6000 before a 45% failure. Then just trade up and down in that same crown top, typical of this...
all you need to know is in the chart look closely and make your position smartly this is just my idea and not a financial advice
here are the technicals for the monthly chart. indicators showed bearish crossover but also showing bullish divergence over longer term. Higher highs with higher lows on RSI monthly chart. indicators are bullish except on weekly with possibility of monthly bearish crossover in the making but has not yet done so.
For 3/4 #es_f Mar * Y'day balance 4378 * ON balance 4330 * Weekly balance 4325 * Control 4294-4303 * Stop Size * 26pts Longs above 4321 target 4338 then 4370-4412 * Shorts below 4321 target 4297 then 4273-4234*
Here is the weekend look at the ES/SPY going into Feb 28 - Mar 4th. Volatility continued last week with a wild 6.7% turn around on Thursday after a 5% drop to start the week. News broke of the Russian invasion of Ukraine on Wednesday night and the market opened deep in the red on Thursday morning. Traders flipped from short to long quickly leading to a massive...
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The market is an immobile crime lord that only knows one thing: cracking skulls like the Hutt mafia to get easy money with zero effort. Rules for thee, not for me. Oh yeah and the higher up syndicate already sold at the top months ago, by the way. When the fat man doesn't get what it wants, it gets angry! Note the quarterly log returns at the bottom, which has...
SPX500 ES S&P Bull Trap - Daily 2-/200ema Xover ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.