Not only did we see buying continue on Friday but it also shows an example of people willing to go home long the futures market going into this weekend. Even though it would take very little to turn this market right back down if expectations are changed if there is any new developments in Ukrainian situation this could easily turn over back down. This type of...
We are at a time where the bulls and bears continue to fight. It looks like bulls can take control as this push up has brought us a MICRO WAVE 1 of 5 to upside. We are looking to fall to the 4222 region.
in the past it was profitable to go long above a blue pin bar. even if the trade just runs for 1-2 days without getting stopped out at prior days low trailing stop... what else can you do, the short at 50% level from feb. 16th was a good entry, but now its time to trade long...
Good morning traders, Nice short covering rally yesterday, but it brings us right back to 4300 which is the bottom of this large "high volume" zone. I talk in the video how the technical picture looks like the market will likely struggle here, at least initially. That can change in the blink of an eye with the news, so be careful if you're trading that.
For 2/25 #es_f Mar * Y'day balance 4150 * ON balance 4257 * Weekly balance 4295 * Control 4314-4328 * Stop Size * 26pts Longs above 4296 target 4316 then 4332-4369 * Shorts below 4296 target 4284 then 4273-4238 *
Globex session last night we put together a position under 4272 and currently running the stops to sell it, will we continue higher after or come back down? Today we have on the downside 4291.50-4286.75 as our recent support, breaking that would be the first sign of weakness, under we have our Key Support at 4272-4265.50, if we break that then that leaves the door...
CME_MINI:ES1! Cup & Handle formed What Next ? It is the Recovery time on this time ? What do you think ? Se ha formado el patron de Graficas del Cup & Handle sera que seguira a la alza ? el Mercado se empezo a recuperar despues de esta gran caida pasado unos dias? que sera lo que viene? Gracia spor compartir tus ideas
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Yesterday was a day of extreme volatility, as expected. The US stock market has lost a key support level and is again retesting this zone, which is currently acting as resistance. If we have a rejection on a retest like this, we will see more downward movement. As we all know, once the New York session begins, the US Market has a strong link with BTC,...
ES futures update waiting to cross 4270 trendline resistance for more upside can easily retest 4200 level if 4250 is not held in overnight session. Overall bullish look so far looking for more upside soon.
Russia began its invasion of the Ukraine yesterday. The S&P 500 reacted to this news by going down while this invasion is still going on we are seeing buyers coming in at lower levels and it closes above its opening price. Who are these buyers? Are they entering the market because it felt so cheap that it was attractive to enter the market. The sellers who 1st...
This is basically an AB=CD prediction, also showing some possible ranges for 1.61 extensions, also 4000 is a pretty big psychological support level, also there's a gap around there from April of last year. Also I bet this will give people plenty of time to get in and wait for confirmation and everything. FOMO no mo. Based on these trend lines, selling everything...
ES has formed a Head and Shoulders like pattern with price action recently breaking the neckline 4260 zone. Following the break we saw a strong sell to 4100, followed by a strong rally, but technically was just a retest of the neckline and more than likely fueled by shorts covering. Big day tomorrow for longs in my opinion. I'm expecting a brief pop to the...
Last night came the news that everyone is waiting for: official Russian invasion of Ukraine, market tank immediately and stay around low almost the whole night, and we reached the lower edge of ideal support range of 4100~4150. From the low of 4101.75, market then rallied all the day since regular market open for a wholly 188.25 points, hit 4290 a few minutes...
Here is the weekend look at the ES/SPY going into the shortened trading week of Feb 22-25. My analysis of the ES is almost a carbon copy of my NAS post. We saw whipsaw price action last week and closed down 1.5% on war tensions and worries about a tightening Fed. This week the ES has gapped down on Sunday night and threatening to continue its move lower. 4212...
es looks to be in a pretty heavy impulse to the downside, after a double 1-2 extension from earlier in the month, it still has more legs to go before this correction is completed. sub 4000 is where i'm aiming for. 3970~3920ish before we see a larger deadcat bounce to potentially as high as 4700. that bounce will get a lot of people very excited - people will...
For 2/24 #es_f Mar * Y'day balance 4311 * ON balance 4127 * Weekly balance 4312 * Control 4105-4120 * Stop Size * 36pts Longs above 4106 target 4153 then 4181-4250 Shorts below 4106 target 4065 then 4020-3992