Pictured above is not only the drawn chart, but the in depth written interpretation as well. Happy Palm Sunday, wishing you many blessings for the week ahead! Anthony
A dip further to 4321 is possible. A bounce from there could set up a move back to the neckline of an inverse head and shoulder formation.
I'll be looking at long trade continuations during the week, but firstly I'm anticipating the price to pull back to one of the indicated imbalances. If we find support there I'll be looking to add long positions and target March high and then higher prices/imbalances created in Q1 of 2022.
I'll be looking at intraday short positions for Monday to target sell stops marked with equal lows. I'm expecting the price to pull up above the Friday settlement price during the weekly kick off Asia/London open session, followed by the sell-off to rebalance Thursday's buy-side imbalance and then target equal lows. We'll see how it plays out ;)
ES1! SPX500USD 2022 APR 11 Week Last week 4525 presented long and short opportunities. Preference will be to short on retracement. Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525 Weekly: Ave volume upthrust bar closing off low = some demand present. next bar will confirm if market...
I know it's so wrong but I'm so far gone Don't need you to tell me I'm so cynical Quit being so over-skeptical What's wrong?
Weakness forming in SPX futures, can see 4hr 200ma.
I think Friday's close creates a neutral zone trade. It is behaving like a market waiting for additional information to make a commitment direction wise. The overall bias for this structure is for continued movement to the downside. Based on the price set up I'm looking for a sideways move on Monday unless we get fundamental information that will create a directional move.
Indicators in the middle and no indication of direction for tomorrow. Just remember EOD direction is not a good way to determine gap direction. Could just be another mixed day tomorrow.
Good morning Traders, I explain something about markets trading around VPOC in the video today. Very important to understand where we are vs where weve been, so we can get an idea of what likely (not definitely) happens next. I'm looking for chop today.
$SPY Gamma Environment: Negative (-1.2bn) Key Gamma Levels: 8th 457 - R3 resistance 455 - R2 resistance 453 - R1 resistance 450 - S1 (First Support) 448 - S2 (Second Support) 445 - S3 (Third Support) Views: Following what was expected to be a much larger move, we had very little in the way of realised vol despite the strong words from Bullard...
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I hope you guys had a good trading day, the levels for tomorrow haven't changed much, we still have 4450 as the immediate support after that 4415. for resistance we have 4500 and after that a minor resistance at 4525. Somebody asked me how I use these levels, and is very simple, If i have a S/R level and a pivot, plus the other factors that i look for then i take...
Here is the weekend look at the S&P futures going into the trading week of April 4th – 8th. The S &P started out the week with a strong move above the neutral box. Price broke through the Feb 2nd (4586) pivot on Tuesday getting as high as 4631. Price met resistance just below the 786-fib retracement and then reversed lower dropping approximately 2% during the...
The evidence that buyers are returning to the S&P 500 is the green candle that occurred on Thursday. In this type of market movement is it sellers that entered the market over the last 2 days taking profit. Has this market gotten cheap enough that new buyers are willing to enter, as well. It is most likely a combination of both, we have fundamental data coming out...
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well &...
The buying above prior sessions VALUE AREA HIGH shows an even better performance than simply buying above the POC or on a reveral at prior day long. In any case seasonality shows that buying on the 7th april and holding till end of april was very profitable in the last 15 years
Buy Signal Entry - 4458.50 TP - 4654.00 SL - 4388.00 For Daily Support/Resistance levels click here! www.cannontrading.com **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used....