/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,...
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.
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...
Yes, I say! Wait, what? Didn't we just have a rally? Yes.. That was part 1.. Rally that got us here was quick and forceful. The bull gaps are still not filled acting as resistance/support. Using Elliot Waves, Fibs , and channels I show where I believe the Market could be headed into EOY year. Higher.. Much higher. Once it breaks the ATH Trendline (white) i believe...
📊 Market Sentiment
Neutral to Short-Term Bearish: Today's market sentiment is cautiously optimistic, with global markets showing modest gains. The anticipation of the COP28 Climate Change Conference in Dubai is influencing global sentiment, and the US Index Futures are trending upwards. Notably, crude oil is experiencing a strong surge.
🔄 Recap
The S&P 500...
I have taken an anticipation entry at 4563.75 on the hourly RTH chart using the pattern of a bearish rising wedge in a down channel and the three-push pattern at the top of the wedge.
I am using ATR indicator as well to anticipate a breakout and increased volatility. Volatility expands on a down move. Notice the bullish falling wedge on the ATR signaling a...
📊 Market Sentiment
Neutral to Short-Term Bearish: Current indicators suggest a cautious approach, with a lean towards a short-term bearish outlook amid mixed global signals.
🔄 Recap
In today’s issue, we delve into the performance of S&P 500 Futures, analyzing the recent consolidation phase after a notable rally. We examine the tight trading range that has...
There is ICT Unicorn setup on ES 5M chart. I marked with red lines FVG high and low which align with breaker block. I will go for new daily highs for RR 1:2
