We are currently in an upwards rally in the markets With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a...
12/03 Weekly Plan. ES Futures December Weekly Pivot is 4,580 Targets 4,608 4,633 4,670 Targets 4,560 4,524 4,500 Now trading at 4,596 Alerts You will receive alerts in this channel every time ES hits (2M candle close): Weekly opening 4,603.25 Weekly pivot at 4,580 Each weekly target. Side notes: One time framing up in daily + weekly chart. Daily...
A thought from me to you: "Maybe madness only comes to the people who think the most!" For those who like to think outside the box, I personally think that the future dictates "our present". Yes, because the future we desire will dictate what we must do in the present, so that our future can come to fruition. What a thing, right? Looking for a soft landing?...
/ES daily frame Fibonacci & Elliot Wave informed analysis as of Friday Market close 12012023 | pending price action /ES continuation of the corrective pullback from October 2022. B wave valid until break above July 2023 high /ES 4634.5. Break above that level; targets 4685.25/ 4696 /4743.25 Inability to break above that level will lead to a downward pullback...
Haven't published an idea in a long time. Have learned a lot and have coded a lot since then. I have made a few risk on/risk off indicators since then. Both shorter term and longer term. They are not taking account of the ES price action, but are based on totally different factors. The things that wag the market (at least I'd like to think so). As of now, ...
A smaller range to the upside in the S&P 500 is expected for Monday's price action. Buyers continued in this market and the same size of move on Monday would not be expected unless we get new fundamentals to stimulate this market.
Entered into a short position today on SPY based off of a 4h signal on ES from ELMo (a strategy that I developed). LHH (liquidity metric) daily is rapidly falling and 4h is low already. ELMo (entropy/momentum) daily is very extended and starting to level off, and 4h is already looking bearish coinciding with the short entry signal. Looking for 4480 ES as a...
11.7.2023 Second to the last trade executed for 2023. This trade is an ATM trade (at the money) and will use aggressive adjustments to maintain total position delta between +1.0 and -1.0. This is accomplished by moving the short strikes as necessary. Happy Trading All! -kevin
After reanalyzing the S&P 500, I've made significant adjustments as the previous scenario didn't quite align. According to my current assessment, the upcoming weeks and months might unfold as follows: I still believe that a Wave 5 emerged in January 2022. Subsequently, we experienced a Double Zigzag descent to the $3500 level, where Wave A formed with another...
📊 Market Sentiment Neutral to Short-Term Bearish: Entering December, market sentiment is mixed with a cautious outlook. Traders are closely watching Jay Powell's speeches for potential market-moving insights. After a record-breaking November, markets are consolidating, suggesting a period of uncertainty. 🔄 Recap November concluded with a mix of bullish runs and...
Looking at CME_MINI:ESZ2023 Price is in the middle of the weekly range: the low was created yesterday: 4544.75 the high was created Wednesday: 4597 The trading range I see for today is in-between the overnight high 4584.50 and yesterday's (the weekly) low 4544.75 . Trading outside of that range will indicate some direction for next week. My bias is targeting...
Large Time Frame Overview In 2023 we have trended predominantly higher, but encountered sell side pressure around August which lead to 3 months of bear side movement. With that correction we tested some keys areas, mainly the 4240, yearly POC, as well another high volume node inside of the balanced trading we were experiencing throughout the beginning of 2023,...
DR was false today and reversed on the upside, trade is now risk free Going for target to previous fair value gaps and Defining range.
Can buyers finish in the S&P 500 on Friday with a positive close going into the weekend. That would be the expectation based on the price structure. However, there are challenges at the previous highs that could slow this market down.
Wednesday's price action implies the set up waiting for Thursday's market data.
The US government is well on its way to going into lockdown and shutting down the economy as policymakers are deadlocked over the national budget for the next fiscal year. While leading stock market strategists are not yet terribly concerned about such perspectives, and entertain hopes that investors have a high probability of "getting away with it" with strong...