RSI and MFI both hit oversold, flipped my puts. Didn't pick the best stocks to short so I made some money but not a lot. THought about going long but I'll wait until this afternoon. Got other stuff to do, plus I'm always a bit too early anyways, lol.
Inside market sentiment : check out insider tracking of big tech company . there are almost 0 buying activity all of them is sell their share including big smart money like Warren Buffett Charting : Momentum indicators such as MACD ROC is show bearish divergence Market Breadth indicators such as Mcclellan show divergence that mean amount of stock price begin...
Following up with a previously posted idea, the index reclaimed the prior day high and the key daily pivot. What do we have above? A volume void - Which tend to "fill" quickly, meaning price and exhibit momentum through those areas Can be incredible setups if you are well positioned
Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...
Going over the price action from overnight. looking for clues and trying to listen to the market for whats its trying to tell us.
On S&P 500 (ES) it's nice to see a strong sell-off from the price of 5287. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
Last Week : Last week we opened below 5227 - 07.50 HTF Edge but weren't able to hold under it, we got some selling from Edge area back down towards VAH but not strong enough to get inside or break it, for any continuation under we needed to get through it which didn't happen. Once we got back over the Edge on Tuesday and this time held above, we were able to put...
After the break lower in the S&P 500 on Tuesday, the expectation for Wednesday is a rest day as the market waits for additional job information in the latter part of the week.
With individual names blowing up left & right, a new covid varient & margin debt at all time highs, could this finally be the top of one of the greatest bull markets in history?
4/2/24 Global Futures: S&P 500 ES1! Nasdaq 100 NQ1! Dow Jones YM1! Euro Stoxx 50 FESX1! FTSE 100 Z1! China A50 CN1! Nikkei 225 NKD1! DAX FDAX1!
Good evening and I hope you are well. Today bears actually showed up and bulls began the profit taking. Very refreshing to see some two sided trading and not making more ath. I do think for all indexes the selling was strong enough to get another leg down, which then is mostly a third leg or W5 and markets are or will then trade at bigger support prices, trend...
Going over the price action for April 2. going back and in hindsight looking for better entries & exits. what could we have done better and what did we do that was good. great day for learning and growing.
The index gapped lower this morning (following yesterday's bear engulfing bar) and price showed continuation off the open, before finding a bid versus the 5237 LOI. This was a 100% retrace of the FOMC move and the pre-FOMC vPOC. RTH daily candles now show hammers… The main watch for tomorrow will be whether buyers can show follow-through above today’s high.
Primary bull count has us on wave 4 of iii of (iii) of V. Anticipated bottom 5116.25-5199.25 before move back up towards 5450-5550. Primary bear count has top in, (b) of IV complete, (c) would be impulse with bottom expected 2979-3300.
Welcome to our instructional guide where we delve into the fascinating realm of recognizing patterns in trading and leveraging them to your advantage. The core idea is simple yet powerful: patterns repeat themselves, and by understanding them, you can enhance your trading success. Our comprehensive lesson plan is designed to equip you with the skills necessary to...
Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...
Going over the price Action ES trying to listen to what the market is telling us to do.
After Monday's action in the S&P 500, a dramatic lower move would not be expected for Tuesday.