For 3/1 #es_f Mar * Y'day balance 4315 * ON balance 4364 * Weekly balance 4345 * Control 4314-4328 * Stop Size * 22pts Longs above 4338 target 4357 then 4368-4401 * Shorts below 4338 target 4323 then 4312-4297*
Globex inventory is short and right at our Key Support of 4327.25-4321.50. Lets break down some paths for us today. To the upside holding above our Key Level which is also currently PM support can leave us with a test of PM resistance of 4349.50-4345.25 which we need to break and stay over to see continuation to 4362.75-4359.50 and next Key Resistance at...
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...
it looks like ES is going to take dive the retracement Is short lived doesn't look like up
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CME_MINI:ES1! Possible Scenario: SHORT Evidence: Price Action, bearish divergence, bearish fundamentals, VIX bullish pattern, TLT rejection at resistance. TP1: 421$ TP2$: 410$ TP3: 396$ Time Period: Next two weeks before 18th March *This is my idea and could be wrong 100%
Short the ES. S&P500 for 100$. with 20$ stop. seems that the up move is too rapid to keep going and its just a strong retranchement
Just follow the trend. the we will await for the trigger to buy the Short position.
The inside day on Monday in the S&P 500 was the beginning of a wait and setting. Although the bias is to the upside, another inside the slightly higher price movement on Tuesday would make sense as the market waiting for additional information to create a directional move. Be cautious here we are not out of the woods yet to provide a clear clean directional move...
More Ukraine news during the weekend spooked the market and ES future opened sharply lower for a 130 pts pullback a few minutes after open. I was expecting marketing making lower high then more pullback in today's RTH session. However market once again proved how strong it is, it went to retest Friday high, attempted a false breakout, pulled back about 75 points...
For 2/28 #es_f Mar * Y'day balance 4275 * ON balance 4280 * Weekly balance 4302 * Control 4314-4328 * Stop Size * 38pts Longs above 4296 target 4316 then 4332-4369 * Shorts below 4296 target 4284 then 4273-4238 *
Potential Measured Move Target of 3750 if support breaks
Good morning traders, Market gapped down and took much of the move from Friday back. Since then, the market has rallied again. I don't know what to make of this, except for the market is back in the bottom of a heavily traded area. I would give the edge to the longs here, until the next headline :)
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...
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 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...