For bulls, good news is the possibility of 0.50% rate increase in March has significantly reduced last few days. And the bad news are all from Ukraine issue, which I think is a total nonsense, but obviously most market participants take it very seriously. Every a bit of even slightly possible Russian aggression will instantly drop the market. But assuming it cools...
Thursday Feb 17 (2022) (4H TF) I’m Anticipating that price will sweep the Low For Sell Side Liquidity and possibly Perform an ICT Market shift Model that can give me a Long Position Targeting the Intermediate highs and possibly Filling Redelivered Rebalance with Final TP being Equal highs/ Buy Stops at Top. Will Update The before Entry and After Entry soon....
The concern that Russia is not pulling troops away from the border and there could be an invasion of the Ukraine any day. This concern dominated the market. The result is the S&P 500 fell out of bed. Additional news on the Russia situation could easily cause this market to move lower and for sellers to remain in charge. Therefore, the price action for Friday is...
One example of how my thesis played out today. In the morning I posted for the downside scenario for today we had - all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of...
Until we see a strong close on volume above the 4550 level, the market will continue to develop a right shoulder. This will allow the SP500 to work off it's oversold condition while volume indicates that the market is distributing vs accumulating stocks. If this distribution continues, we will likely see the next leg down begin within the next few weeks and we can...
let's go for the crisis, I am going to maintain the position in sales throughout the fall, adding new sales in corrections, taking partials and keeping most of them open positions, the entry is due to the inflation generated in the United States and a break in the structure of the market, looking for it to return to previous areas of demand
S&P 500 futures have respected the downtrend since Jan 4, 2022. They're headed to a support zone of 4,318 to 4,291 that was last tested in July 2021, October 2021 and January of 2022. Once they reach this zone, they might bounce... or not. I can't be sure what they'll do once they reach the zone, but it looks like they will hit that zone given the RSI is breaking...
Don't forget to Click on the Follow Button for More Daily Detailed Analysis. Also, if you have any questions, Please do ask them in the comments Section. Pre Market we have seen SPX start to drip down to comfortable support at our Key MA's. This comes after renewed Tensions Globally amongst Russia and the West. We can start to look long on this fall due to...
clear entry at the 50% retracement level target new lows but as always protected with a trailing stop above prior two days high...
For 2/17 #es_f Mar * Y'day balance 4462 * ON balance 4450 * Weekly balance 4439 * Control 4416-4432 * Stop Size * 13pts Longs above 4438 target 4457 then 4468-4501 * Shorts below 4438 target 4412 then 4385-4336*
Good morning traders, Some news on twitter saying that there were some shots fired in a village in Ukraine spooked the market briefly overnight, it looks like. This market feels like it's one news move pushes it one way, just to get pulled in the other direction by the next news move. This leaves us with a market that is swinging wide from side to side, but...
We spent two days in this value area with two failed break outs and one failed breakdown. We are bound to make a move out so lets see where can we head if we do. Today we have 4465.25-4460.25 as PM Resistance and 4479.75-4475 as our Key Intraday Resistance that we need to see break and hold to get upside into 4490-4487.25, 4497.25-4494.75, 4508.75-4505.50 and...
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The idea here is nice and simple. The market only reacts to policy changes. Real policy changes and not rumors. Seeing how the market is neutral at the same time that a major shift in monetary policy is (allegedly) about to take place, we can conclude one of two things: 1) market stays under the red line: They are about to let the market have a complete insane...
Wednesdays price action in the S&P 500 saw a weaker session during the Asia time zone but were close higher by the and of the US session as buyers enter the market. Can these buyers follow through if they can you want to see their footprints on Thursday. Still need to be cautious because sellers are still dominant.
I was right that today is indeed a buy the news event day. But I was too naive to think Ukraine issue already settled, just look at how many new spikes we had in the last 24 hours. Actually, we even just had one less than one hour ago. So with Fed minutes day resolved in a bullish way, what would be the likely path next? Well, we can review the rally from Monday...