Daily higher-high from last post completed. Green count has ES1! completing five-wave impulse off October 2023 low of 4236.25. Red count has ES1! needing one more daily higher-low and higher-high to complete what I'm interpreting as a C-wave and likely market top.
Going over the price action for ES NFP day. what a tough day. market is really amazing. never ceases to amaze me at its intelligence. trap move after trap move only to confirm the hot report. amazing. do your homework this weekend. replay the day. review all your trades. prepare for Monday we Go back to Battle.
ES! on pressure ... big Sells start on NVDA + AVGO NQ close same as ES under TDO Trader waiting for correction Monday will show how is going .
The selling action in the S&P 500 on Friday could imply buyers taking profits before the weekend. The expected price action on Monday would be for the S&P 500 to trade inside Friday's range as the market gets ready for additional fundamentals coming out next week.
As I posted last night, I'm bullish long term, but my short term RSI indicator appears to have gone overbought and now cycling down. The way to play this is to wait until RSI or MFI hit oversold and buy the dip. I don't think I'm buying until Thu morning, CPI and PPI coming out Tue and Thu. BTFD, lol. Threw some beer money at some puts, just goofing around...
ES show a huge accumulative divergence with the RSI and the MACD at daily chart, at this moment of FOMO every bearish strategy will be wrong because all the people are betting to the upside move.... Just looking out the market...
Trading Plan for Friday Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5155 (major), 5146, 5140, 5133 (major), 5125 (major), 5118, 5113, 5106 (major), 5101, 5088-92 (major), 5084, 5073, 5065, 5057-60 (major), 5052, 5046, 5040, 5032-29 (major), 5022, 5018, 5013 (Major), 4998-5000 (major), 4994, 4987,...
going over the ES Overnight Price Action. we're not seeing much to do as NFP will be out at 830. we are NOT fading the trend unless we get some weakness. still looking for buy setups and FBD's & FBO's. taking it mostly easy today.
The Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside...
Last week - we were able to consolidate inside the Edge that we broke out of and get a squeeze for another test of upper VAL and a push inside Value. We were able to reach the Mean but no continuation through it towards next Key Resistance and a sell back under end of Day. Going into this week are inside a new ranges Value and our goal is to see IF more buying...
Good morning seasoned traders, Ever heard of the Head and Shoulders pattern? Well, depending on which study you consult, it's said to play out between 50-81% of the time. Quite the range, right? But some reliable sources swear by that impressive 81% success rate. Now, let's take a peek at the ES chart. Can you spot what I'm seeing? Yep, potentially a Head and...
Never in the history of the Fed has the chairman been stupid enough to talk about rate cuts when the stock market is at an all time high. www.cnbc.com Powell is an unbelievable moron who's going to cause rebound inflation by pumping the market. I'm no longer bearish because I realized today that all of the central bank chairs are morons. (The ECB meeting was...
Well ECB meeting happened, market green. Looks like it can go further tomorrow on Ponzi Friday. CPI numbers Tuesday, will look at buying puts on Monday.
Thursdays Daily candle displaced and closed strongly above Wednesdays high and the fractal swing high from last week. DOL is the PDH. I want to see H1 bullish arrays respected to then look for M5 bullish displacement entry. NFP volatility tomorrow will surely impact whether or not this idea works out or not.
Will the S&P 500 demonstrate confidence with a positive close above Thursday's high as we go into the weekend. The expectation is for a higher close on Friday.
Going over the price action ES watching for clues and trying to listen to what the market is telling us. took some paper cuts today. bot NVDA TSM GFS LVS META. replay today as it was a great day to replay.
Watch This Resistance Level on the S&P 500 ( ES Futures ). ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give...
Going over the RTH Morning Price Action ES. trying to decipher the clues and make some good decisions. don't fight the trend and still looking for buy setups but we are in the chop session and starting to see signs of topping patterns.