Sunday night, bears finally made a sustained break of 4290~4300 support zone and the trending line support, so triangle is ruled out, we hit 4238.5 which is right in the support range for standard wave (2), and rallied 80+ pts so far, micro structure can be viewed as a 5 wave up, so that could be the wave 1 for push higher. So if we could get an pullback today in...
For 3/7 #es_f Mar * Y'day balance 4321 * ON balance 4268 * Weekly balance 4285 * Control 4328-4344 * Stop Size * 26pts Longs above 4338 target 4368 then 4392-4434 * Shorts below 4338 target 4323 then 4297-4234*
Good morning Traders... The market is really liking this 4322 area, as it keeps returning and churning in that area. With that said, this is still a market that is susceptible to big moves due to news. I would expect to see the market continuing higher today, as we try to push back into the middle/upper part of this heavily traded area.
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3.6.22 ES1! Part2...................................................................................................................................
3.6.22 ES: I think the ES is going to trade lower, unfortunately were a little late on a trade tonight since the market has traded lower off the open. Basically, I started the analysis after I started the video. I gave stops that were a little too rich. As I listened to the playback, I should have specifically stated that if you were short after the open on...
The chart says it all the 23&382 @ 3820 & the first week of 2021 close. Only time shall tell 🅿️
Failure to hold yearly range near 4250, we then go south to test highs of May 4230's.. Our weekly support is around 4200, that fails to hold and we see 4150 keep in mind there is always lower, for example the gap near 4015 on the 1W chart..
$ES1! $SPY $SPX Key Levels, Analysis & Targets I will be looking to get back in on the weeklies, because that has been working out… but we shall see how this opens and hopefully I have a way in… any drop in vix at all and I'll be trying to jump in I’m also holding many puts out in April, which I also will be looking to take profit on soon and start positions out...
The SP500 is in a downtrend on a weekly basis as price continues to trend below the 50-week price average. Almost every time that the 50-week average fails to act as support, price falls to the 100-week average which currently rests near $3920, or roughly -8% lower than current price at $4260. Should that fail, the 200-week average would be the next area to...
I've indicated area(s) of ascending and descending support and resistance for the week ahead. Please note, areas are indicated on a daily chart for Monday, 3/7/22 and will adjust according throughout the week. When price settles above an area of resistance, that resistance should then serve as support. When price settles below an area of support, that support...
Could the decline from all time highs be a leading diagonal.
The Triangle could predict the next move lower on Sunday night.
ES1! ES1! SPX500USD 2022 Mar 07 Week Last week's long on test and then short toward the test of 4290 worked well. Market showed topping, if 4290 is broken, market may reach for lower levels, presenting a short on retracement opportunity. Weekly: Average down up bar closing in middle = indecision Daily: Average volume down bar closing in middle =...
I'm predicting a sharp lower opening on Sunday night and new lows on Monday and maybe extending into Tuesday but then quickly reversing. The B Triangle is like a spring that should cause a gap on Monday morning.
The ES has been in a trading range for the week. We went up from the low of 4100, a spike and channel pattern. Looks like the market will go up first before the drop if it ever drops again. Connect the two lows (Jan 24 and Feb 24), we can see the Feb 24 low is higher than the downward channel, more likely a wedge. So if the market did drop to 4000, my theory is...
good evening, i shared this little idea the other day via: found some pretty nice demand today at my target, and i do see a high likelihood of follow through in the week ahead. similar setup to btc in a way, which is nice when both markets line up like this. Wave B target = 4578.50
An update of my first published idea with trend lines since 2008 and the actual EMA´s and SMA´s to match them So the 50EMA was breached in the weekly for the SP500 so the next stop is likely to be the 100EMA... Trend lines could help you see "THE BIG PICTURE" over the years from past support & Resistance levels to make your own conclusions and analysis This is...