In this update we review the recent price action in the SP500 (futures contract) and identify the next high probability trading opportunity and price objectives to target.
Prior major short signal: And here we are again I see a good risk/reward short here in the SP500. There is much more than in this chart, but this is already enough of confirmation that the market is taking a deeper breadth.
#ES in support zone. consolidation likely before resuming downtrend.
ES hit Quarterly Pivot recently with a LCC. More downside in store most likely. Volume on OBV is terrible.
Taking a look at the 1H chart we can see that the close came down right to a previous structure level, if price bounces from this level we have some resistance at 4525-4530 after that 4550-4555, on the downside 4495 to 4500 would be our first support after that 4445 to 4450. Keep in mind that these level are mainly for daytrading.
I was looking for follow through to the upside in the S&P 500 on Tuesday. When the US time zone began to trade the market rallied to 4588.75. As the market absorbed the hawkish comments from Fed Gov. Brainard the market broke to the downside through the previous by level at 4565 and below the Barry sell level of 4550. As a swing trade, the buy failed and created...
Hey traders, The market seems to be doing fine at these higher prices, and I don't expect that to change in this low volume environment (50 percent relative volume). I'd watch for a back and forth slow day to resolve itself higher, if there is any direction.
good evening, es looks to be playing out a triple three. a complex corrective phase for this wave 4. i've got triple confluence at my downside target of 4478 from there, i do believe es melts up to 4720 before topping out \ falling off a cliff. watch for a quick flush into tomorrow, but that dip will be for buying 💰
The bear market rally has ended and now the index is at a crossroads. scenario 1) the market forms a new base over the summer then rallies to new highs. 2) We retest the lows and head to the 3800 region which is an unresolved magnet. The macro picture is horrible, but as was famously said, the markets stay irrational longer than you can stay solvent. Trade...
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$SPY Gamma Environment: Positive (289mn) Key Gamma Levels: 5th 465 - R3 resistance 460 - R2 resistance 458 - R1 resistance 452 - S1 (First Support) 450 - S2 (Second Support) 447 - S3 (Third Support) Views: Vix no longer remains bid maintains a clear path below 18, given the current stats and the 100% spike the past would suggest we don’t see...
It looks like the bulls have taken control, if they can take 4580 they might look to get to 4610, in the other hand if they failed, 4555 might turn into a support zone to look for some long opportunities.
Alert, the purple projection just matched as a possibility with slightly higher probability in the neuro-network pattern recognition bio-computations. Creates a lovely harmonic pattern… looks good, must be a fit. Should follow this for at least a little bit, and maybe a lot bit ;) Follow along for more updates. Good Luck, God Speed, Love & Light to all!
When doing my monthly analysis on the ES I noticed that the 55 EMA is beginning to cross above the monthly Kijun (or Base) Line for Ichimoku. I thought this was interesting so I began to research other times this has occurred and have come to find that a similar situation or set up does not exist. (For those wondering, I use the 55 EMA vs. the 50 EMA because I...
Buyers didn't provide follow-through on Monday in the S&P 500. The next challenge will be a close above 4600 to 4610 on Tuesday. If we are going to get follow through at the current levels the price action over the next 2 to 3 days to be critical to provide information for longer-term outlook.
Equities Harmonics is a short-term sell with no long-term confirmation and they are a confirmed sell on SSTIS and a fake bear. 2D MV chart is a short-term sell with a long-term buy signal. Equities are at V-MA. The forecast was pretty good, the target MA was taken and now stocks -after a few days of hesitation- are to go upwards. SVT will buy SPX when it's above...
Probably close to a meaningful pullback zone at the .62 fibo from Jan 3 highs. OFC it can always creep higher, been on rally 9 days now, usually means a dip to be expected. Overbought in every timeframe now.
A clear decrease in the MACD indicator and a crossover in the Belkhayate direction indicator