Good morning seasoned traders,
Ever heard of the Head and Shoulders pattern? Well, depending on which study you consult, it's said to play out between 50-81% of the time. Quite the range, right? But some reliable sources swear by that impressive 81% success rate.
Now, let's take a peek at the ES chart. Can you spot what I'm seeing? Yep, potentially a Head and...
Never in the history of the Fed has the chairman been stupid enough to talk about rate cuts when the stock market is at an all time high.
www.cnbc.com
Powell is an unbelievable moron who's going to cause rebound inflation by pumping the market. I'm no longer bearish because I realized today that all of the central bank chairs are morons. (The ECB meeting was...
Well ECB meeting happened, market green. Looks like it can go further tomorrow on Ponzi Friday.
CPI numbers Tuesday, will look at buying puts on Monday.
Thursdays Daily candle displaced and closed strongly above Wednesdays high and the fractal swing high from last week.
DOL is the PDH.
I want to see H1 bullish arrays respected to then look for M5 bullish displacement entry.
NFP volatility tomorrow will surely impact whether or not this idea works out or not.
Will the S&P 500 demonstrate confidence with a positive close above Thursday's high as we go into the weekend. The expectation is for a higher close on Friday.
Going over the price action ES watching for clues and trying to listen to what the market is telling us. took some paper cuts today. bot NVDA TSM GFS LVS META. replay today as it was a great day to replay.
Watch This Resistance Level on the S&P 500 ( ES Futures ).
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Going over the RTH Morning Price Action ES. trying to decipher the clues and make some good decisions. don't fight the trend and still looking for buy setups but we are in the chop session and starting to see signs of topping patterns.
Good morning guys, we have this morning the market keeping the rally from yesterday. The price bounced 5090 and its finding some resistance at 5136, we need to be carefull right now, we dont want to get trapped in a bad trade, be patient and just let the market tell you what is going on.
If we cant go through this 5136 maybe we gonna see a good sell off
Going over the price action ES over NIght. watching for clues. getting our plan put together. looking to buy the strong and sell the weak. on setups. follow your own plan. dial it in and OWN your trades. that's our goal for today.
With continued fundamental information expected on Thursday and Friday, the market is waiting for continuing fundamental information to support a directional move.
Indicators are neutral, the big news tomorrow is ECB meeting premarket. Bunch of retailers reporting earnings this afternoon as well, but ECB will have a bigger impact.
Inflation numbers Tuesday, I think I'd rather bet on that than the ECB. I'm still bearish, but ou have to have good timing to make any money shorting anything.
Going over the price action for ES March 6. gathering clues to what we should have done. going over our morning game plan and how it turned out. very difficult day today. technically challenging. rest and spend some time with loved ones. We battle tomorrow.
Bears have been so wrong this whole rally. They are busy soothing their anti-America bias, and don't understand the basics of money flows or monetary principles in a credit-based system. They call for crashes based on feelings, every dip is going to be a crash, market narrowing is seen as risk. They start from their preconceived notion of how the market should...
Good morning everybody, i was off this days, having some time with my girlfriend.
Back to the markets the prices has being falling since monday, yesterday we saw that perfect bounce on 5071 5064 demand. now we have a level where sellers appeared yesterday here at 5118. Lets see how the market react to it. Above that honestly i dont have anything right now.
