Hello, good evening, ladies and gentlemen. I have a story for you... it starts on the 30minute view with this RED forecast, of high "giggle factor" which means, i like it. Then we zoom out tot he 4hr, and use that red trace to develop the TURQUOISE forecast, Which leads us to the yellow forecast on the next larger harmonic pattern. I live for this :) gonna...
Well, I kinda figured it'd go oversold overnight then pop back up. I guess I could've gone long yesterday but decided I didn't need the heartburn, futures were red when I went to bed. Plus the other issue I noticed is that oil goes up every time the market does, so transports are kinda stuck in a gridlock. (Yeah, bad pun, lol) IYT is green but UPS is still...
Value Area High 4466.00 Point of Control 4450.00 Value Area Low 4398.50 R3 4539.75 R2 4503.25 R1 4448.50 Pivot 4412.00 S1 4357.25 S2 4320.75 S3 4266.00
Expecting macro bad news to cool off in Q2 but really pressure markets by end of year. Crypto will not be immune to this. Expecting $BTC to retest $30k or $25k min. Ethereum to hit $2000 to $1500. Most Altcoins to be down -50% from ATHs at minimum or -80% in many cases.
After more rally on Tuesday the sellers drove the S&P 500 market lower. This overall price structure is potentially bullish. Therefore, be cautious on the short side of this market. I'm looking for an inside day unless we get new market information that can stimulate the S&P 500.
Looking like a bullish symetrical triangle ready to break out to me .. lets see.
I see a lot of talk on whether the S&P is in a bull or bear market and IMHO, neither the bulls or the bears have control right now. I think this is a 2-way tape frustrating a lot of bulls and bears. In this video I share my simple process for assessing how we are in a 2-way market, not a bull or bear market and how I am using Anchored VWAP's to keep me out of...
ES last video/follow up today....................................................................
4.12.22 ES: relating market dynamics and price action objectively to gut level feelings when trading. Listen to this at least twice, and then work with it and refine it to your own trading experience. You will make it better for your own trading.
Bullish crossover - check Pull back to slow EMA - check Waiting for candle to close above previous body, then pull back into range of previous candle for better price, then OTM calls with expiration 1-2 weeks out.
4.12.22 ES: example for a short scalp.......................The mic was off for the first few minutes...but the rest of the video has the "meat and potatoes"
Hey guys, I am going to publish some ideas that I think will be valid in the next few days coming up. There is a rally that is happening but I think all of that will crumble by the beginning of next week. Since we have Good Friday this weekend, the markets, in my opinion, are trying to push up just a little in order to come back down! If you like my ideas,...
For 4/12 #es_f Jun * Y'day balance 4456 * ON balance 4396 * Weekly balance 4444 * Control 4428-4444* Stop Size * 18pts Longs above 4438 target 4457 then 4468-4501 * Shorts below 4438 target 4412 then 4385-4336*
Good morning traders, CPI rose 8.1 percent this morning, pushing the market up...somehow. This is why we don't trade around news. Inflation you would expect to hurt the economy, as it will likely mean faster tapering of asset purchases and quicker rate hikes to keep inflation in check. Both of those things are deflationary, and not good for the markets. I...
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...
Price seems to be wedging as it heads toward the 618. I am think ing a range retest. Pure technical analysis. Time will tell. Happy trading.
Value Area High 4451.00 Point of Control 4428.00 Value Area Low 4420.50 R3 4500.50 R2 4480.00 R1 4444.50 Pivot 4424.00 S1 4388.50 S2 4368.00 S3...