The market since December has been a wild ride, but that is normal for every 4th wave correction because they are the most complex and tend to wipe out traders. Looking to establish positions long at end of day.
Globex opened on gap down and below our Key Level of 4327.25-4321.50 which tells us all the buying Friday was just shorts getting bought it. Will we fill the gap today and keep going or will we keep going down? Failure to touch 4349.50-4345.25 this morning once we broke Key Resistance is a sign of weakness, on the downside if we do not get over 4327.25-4321.50 and...
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SPX fututres on Feb 28 finished a classic ABC correction; B rallies 0.618 of A & C retraces 1.272 of B. (a final capitulation by algos due to the "NUCLEAR" news) It may BO of a bullish falling wedge this week. Some historical data: Market's geopolitical shock events historical on average causes a 5% drawdown, bottoms in 22 days & recovers in 47 days. SPX averaged...
The key levels seem to be 4280, 4260, 4250 (Vwap from low), 4230, and the prior low.
Looking for emini futures to continue the upswing towards 4700-4800 as we get an early week pullback. The only thing that can stop this is a Nuke being dropped. There will be volatility, and there will be red days in there, but overall market will get to 4500, chop chop chop, then finally get the fed to increase bps and we rocket off that.
This script provides a way to see a EMA/SMA cross for a idea on the general direction the ticker is moving. I like to use EMA 8 / SMA 20 The script has the option to hide labels or the table. If the chart is higher then the Timeframe, it will hide the labels to not clutter the chart. Right now it is not dynamic so TF needs set to minutes, TF2 to hourly and TF2...
$SPX $SPY $ES1 Analysis, Key Levels and Targets. So my target - about 10 days out is 407. Could happen sooner though. I don’t use world events as an indicator, only volatility and technicals… but that is where I’m looking. I will probably be playing that strike on a number of timeframes As always I love to hear your thoughts and sorry I’ve been a little...
good evening, i initially expected es to go slightly deeper than it had originally did, and did not expect this random move up last week. was quite the short covering that probably caught a ton of people off-guard. --- after a 3 wave move up these last few days, we saw a sharp move down for todays futures opening session. this tells me one thing, es will likely...
Friday was second day of rally, I was expecting a pullback toward at below 4200, but the market only retraced about 60 points to 4230, then break the overnight high, and go straight up to close at high of 4384.5, since 4350 was breached and market even close above that, my primary count would be that we indeed already reached a bottom on 4101.75. Yes, I understand...
The 4,275 level supported the weekly settlement. While price action occurred below it, price never settled. The descending 4,465 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 4,500 & 4,800 are both positioned as...
ok so earnings are coming in and were looking good, weve got prices down but yet the S&P is still slightly inflated looking for about 3900 to 4001 for a solid turn around and that would match up with the trend line before the 2020 crash.... gotta understand that during these times spy and qqq allotted most of their holding to apple Microsoft tesla nvdNVDAa etc and...
ES1! SPX500USD 2022 FEB 28 Week Fantastic week for the shorts and recovery late week let us finish the week with an awesome long trade after a shakeout. With the spring and return into rotation zone, preference will be to long on retracement. Weekly: Average down up bar closing near high = strength Additionally, it looks like a reversal set up. Daily: High...
Hello World! Sending love to our fellow humans around the world, this winter's eve in Michigan. I always like to know what the worse case scenario looks like... todays version is the grgreen trace dejour. It's also from a fairly prominent area of influence in the harmonic pattern record. I guess the war is gonna escalate to match this movement also?... We...
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.