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...
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.
The S&P 500 rallied to new highs on Wednesday based upon information that the Ukrainian and Russian peace talks were productive and headed in the right direction. There still is a ways to go before this becomes reality. Can Russia be trusted even though an agreement is produced? It is also important to remember that if these talks do not continue in the right...
HELLO GUYS , I see that ES WILL GO UP IN THIS NEXT DAYS TO THE FIRST resistance IN 4604.00 and fort probably the price will touch TRAGET 2 4708.12
as price hit to major resistance and nominate trend line expect bear will born pls like for support thank you
Watching for a higher low set up, we are at GP depending on how its drawn. watching for break to next target or support to the low.
C wave of an "Expanded Flat" with a "5th wave Truncated Ending Contracting Diagonal" Noticable Weakness : C wave is relatively large P.S : Although it is a different "Bullish Alternate" , both this one and the (Bullish WXY Double Zig-Zag) will both meet the same goal but just a slightly different (Sub-Division)
Indicated on the chart is the breakout 1%+ confirmation. A defined entry, stop and multiple target area(s). This trade is progressing nicely thus far. Once Target #1 has been filled, I'd then be moving my stop to breakeven if I plan to remain in the trade toward the 2 higher targets. If not, once the next breakout sets up with confirmation - we'll hopefully...
The ES dipped into the 4612s, the Gap Fill below may not fill today. Apple has 177 as the PO. MSFT 312 TSLA 1122 AMZN 3450 If financials can squeeze, the ES may be able to grind higher to the 4654s. _______________________________________________________________ AN RT is due Thursday. Gamma is heavily influencing Price.
The Lower Trend Line is within the Chart. We are seeing extreme readings beginning to form in the ES & NQ. Memes are back with the largest gains in the shortest duration in their history. ______________________________________________ Waiting on the Rain from Jpowell.
The S&P, and other world markets are at levels seen BEFORE Russia massed its troops. Also the weekly MACD is overbought. I would be careful on the long side. We still have a weak bond market,inflation, and Fed headwinds.
In my opinion, bulls have always been in control. A break of $4050 support is what I was looking for to confirm bearishness. The bears failed to show themselves. In my opinion, the bull market is likely to continue to $7000+, unless $4050 support is broken, which I believe is unlikely without a significant catalyst. Inflation seems to be inflating the stock...
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...
spx tested same deviation as backtest of march lows...
Recap : Pitchfork - Played very well as you can see how many times PA played around the "Centre Line" before break above Indicators : We are still in a Trend lining down divergence from the "Ewo and Rsi" , we are above the 200 Daily MA On the chart is what we can expect from my proposed count. Feed back : Could we dip a little earlier ,yes the only thing it...
S&P 500 still rising! After the break up of the trend line (blue) with a big green candle on Mars 16th, The Market continued to rise and broke the HMA 209 (white) on Mars 24th, and we can see that HMA 38 (yellow) is about to break up the HMA 209 as the market will continue rising.
Buyers return to the S&P 500 during Monday's trading session. The trading day started out soft in Asia with lower prices. However, as the day progressed buyers continue to push prices higher with a clean close at the high. The next 3 days will be important for this market to look for longer-term price action.