The inside day on Monday in the S&P 500 was the beginning of a wait and setting. Although the bias is to the upside, another inside the slightly higher price movement on Tuesday would make sense as the market waiting for additional information to create a directional move. Be cautious here we are not out of the woods yet to provide a clear clean directional move...
More Ukraine news during the weekend spooked the market and ES future opened sharply lower for a 130 pts pullback a few minutes after open. I was expecting marketing making lower high then more pullback in today's RTH session. However market once again proved how strong it is, it went to retest Friday high, attempted a false breakout, pulled back about 75 points...
For 2/28 #es_f Mar * Y'day balance 4275 * ON balance 4280 * Weekly balance 4302 * Control 4314-4328 * Stop Size * 38pts Longs above 4296 target 4316 then 4332-4369 * Shorts below 4296 target 4284 then 4273-4238 *
Potential Measured Move Target of 3750 if support breaks
Good morning traders, Market gapped down and took much of the move from Friday back. Since then, the market has rallied again. I don't know what to make of this, except for the market is back in the bottom of a heavily traded area. I would give the edge to the longs here, until the next headline :)
The market since December has been a wild ride, but that is normal for every 4th wave correction because they are the most complex and tend to wipe out traders. Looking to establish positions long at end of day.
Globex opened on gap down and below our Key Level of 4327.25-4321.50 which tells us all the buying Friday was just shorts getting bought it. Will we fill the gap today and keep going or will we keep going down? Failure to touch 4349.50-4345.25 this morning once we broke Key Resistance is a sign of weakness, on the downside if we do not get over 4327.25-4321.50 and...
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SPX fututres on Feb 28 finished a classic ABC correction; B rallies 0.618 of A & C retraces 1.272 of B. (a final capitulation by algos due to the "NUCLEAR" news) It may BO of a bullish falling wedge this week. Some historical data: Market's geopolitical shock events historical on average causes a 5% drawdown, bottoms in 22 days & recovers in 47 days. SPX averaged...
The key levels seem to be 4280, 4260, 4250 (Vwap from low), 4230, and the prior low.
Looking for emini futures to continue the upswing towards 4700-4800 as we get an early week pullback. The only thing that can stop this is a Nuke being dropped. There will be volatility, and there will be red days in there, but overall market will get to 4500, chop chop chop, then finally get the fed to increase bps and we rocket off that.
This script provides a way to see a EMA/SMA cross for a idea on the general direction the ticker is moving. I like to use EMA 8 / SMA 20 The script has the option to hide labels or the table. If the chart is higher then the Timeframe, it will hide the labels to not clutter the chart. Right now it is not dynamic so TF needs set to minutes, TF2 to hourly and TF2...
$SPX $SPY $ES1 Analysis, Key Levels and Targets. So my target - about 10 days out is 407. Could happen sooner though. I don’t use world events as an indicator, only volatility and technicals… but that is where I’m looking. I will probably be playing that strike on a number of timeframes As always I love to hear your thoughts and sorry I’ve been a little...
good evening, i initially expected es to go slightly deeper than it had originally did, and did not expect this random move up last week. was quite the short covering that probably caught a ton of people off-guard. --- after a 3 wave move up these last few days, we saw a sharp move down for todays futures opening session. this tells me one thing, es will likely...
Friday was second day of rally, I was expecting a pullback toward at below 4200, but the market only retraced about 60 points to 4230, then break the overnight high, and go straight up to close at high of 4384.5, since 4350 was breached and market even close above that, my primary count would be that we indeed already reached a bottom on 4101.75. Yes, I understand...
The 4,275 level supported the weekly settlement. While price action occurred below it, price never settled. The descending 4,465 resistance level is in near reach of where the market closed this past Friday. Beyond which, if price rallies higher there are several more resistance structures it will need to overcome. 4,500 & 4,800 are both positioned as...
ok so earnings are coming in and were looking good, weve got prices down but yet the S&P is still slightly inflated looking for about 3900 to 4001 for a solid turn around and that would match up with the trend line before the 2020 crash.... gotta understand that during these times spy and qqq allotted most of their holding to apple Microsoft tesla nvdNVDAa etc and...