For 3/4 #es_f Mar * Y'day balance 4378 * ON balance 4330 * Weekly balance 4325 * Control 4294-4303 * Stop Size * 26pts Longs above 4321 target 4338 then 4370-4412 * Shorts below 4321 target 4297 then 4273-4234*
Here is the weekend look at the ES/SPY going into Feb 28 - Mar 4th. Volatility continued last week with a wild 6.7% turn around on Thursday after a 5% drop to start the week. News broke of the Russian invasion of Ukraine on Wednesday night and the market opened deep in the red on Thursday morning. Traders flipped from short to long quickly leading to a massive...
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...
The market is an immobile crime lord that only knows one thing: cracking skulls like the Hutt mafia to get easy money with zero effort. Rules for thee, not for me. Oh yeah and the higher up syndicate already sold at the top months ago, by the way. When the fat man doesn't get what it wants, it gets angry! Note the quarterly log returns at the bottom, which has...
SPX500 ES S&P Bull Trap - Daily 2-/200ema Xover ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
ES! S&P es_mini watching very close here. watching the daily 20ema (red)/200ema (yellow) - bearish crossover hedged with vxx and selling vxx covered calls as usual during volatility. if we look back at the past indicators the s&p has seen significant drops on this cross. if we get the crossover and a move up, im playing it like a bull trap. 2day 200ema was...
Buyers failed to provide a close above 4410 in the S&P 500. The price action on Thursday is considered bearish in a down day would be expected on Friday. The US economic situation is positive but we still have inflation, the virus and the terrible situation in the Ukraine to absorb in the markets. Friday will also give us a barometer of how people are willing to...
ES rallied higher into open, then started to drop and soon broke the overnight low. It finally found a bottom around 4341, made a clear abc bounce, reclaimed over 61.8% then dropped almost the whole afternoon, made a double bottom 15 minutes before the close. The whole day action fits the typical pattern of reversal day, and the rally since Sunday night is choppy...
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Overlay of MES an SPXS, in case you are wondering what it looks like to hedge with SPXS that rebalances daily.
With FED Powell giving clear guidance, all markets rallied. The 0.168 Fib retracement holding with 5 minutes to go. We are long from 4316.25 with a stop @4305.25. Objective is .50 fib retracement @ or around the 4350 area and will add to position with new highs. Techonomic Trading Strategies 90% Technical Analysis 10% Fundamental Analysis
This is an updated version of my previous post on SPX index, on the basis of Elliott wave analysis after breaching of 4196 ,the fifth wave is going to extend further up to a maximum of 3740.before march end 2022 traders can open shorts near 4280/4300levels on monthly PUTS, but strict stop loss 4340 ,(disclaimer, trading at your own risk, pl, verify with your advisor)
Hello my friends, today I want to talk with you about ES If you see the department that there is a price failure in addition to there RSI DIVERGENCE which confirms a good opportunity to buy and this is what happened Through an analysis I conducted, it seems that the price will continue to rise, so we will wait until the red line is broken in the coming...
For 3/3 #es_f Mar * Y'day balance 4320 * ON balance 4377 * Weekly balance 4351 * Control 4394-4403 * Stop Size * 15pts Longs above 4395 target 4416 then 4334-4469 * Shorts below 4395 target 4373 then 4359-4336 *
Good morning traders... After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff. However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next,...
M top on SP500 confirmed on monthly timeframe when removing M2 (monetary inflation). Previously happened during dot.com and subprime. Localisation - at neckline and major resistance. Momentum - Divergence on MACD & RSI, MACD cross 0 tb confirmed at march closing - MA cross usually happens after retest of neckline (tb monitored) Structure - M TOP...
In this update we review the intraday price action in the SP500 (futures contract) we identify the next high probability trade location and price objectives to target.
If you draw a trend line from the two number 2's theres only been one close above it. And it stopped todays rally so far.