Once again, another selloff finds the bulls. The push for 1250 continues. More caution looks needed if playing the short side.
Maybe not much left on this downmove. Two bounces off the lower range line of the channel with a possible reversal yesterday. Looking for a buying opp possibly. If any lower, 123-20 could be the sweet spot. Def not aggressive on the sell side today.
Nothing in the way of this upswing. I'm not in the business of picking highs. ES loved the hawkish Fed talk yesterday. More of that coming today, perhaps. Dips are buying opps, until they're not...
Currently in no man's land, in the middle of the 1-month price range. EIA report today can bring some fun. Looking to fade any move to either of the Gold lines. Daily levels to watch: 54.15 & 51.85. Overall looks sideways.
Skating on some thin ice here. Finding support 3 times now along this uptrend line but also still cruising along the downward channel. Currently flat, but I can see the channel continuing as prices travel lower. Daily support at 1215.
Travelling smoothly down this channel. More Yellen rate increase talk today can help continue this trend. Key levels: 124-15 & 123-21
Steady lower as yields rise in a healthy manner. Janet talk later might accelerate this downside move. 123-24 looks to be the downside target for this channel.
Currently at a pivot spot. 1028 to downside if it doesn't hold. 1080 upside if catches a bid but I'd say is the more unlikely situation.
Uptrend continues. Janet speaking later might provide some volatility as she should discuss rate hikes. Any sell offs will likely be buying opps. Seems overdue for a 10-15pt break. Maybe today can be the day.
54.30-51.70 is now the monthly range as price tries to figure out which way it wants to breakout to. Playing the extremes would be the more lucrative trade instead of playing the middle and trying to guess unless there's a signal given.
Still an overall healthy uptrend as dips find buyers. 1245 double top could be the upside near term target. Downside move should find buyers 1212-1210.
Starting the week at new all time highs. Can't keep a good ES down. Don't see much in the way of this rally. Expecting another push to upside this week.
Crude has made a push back near the highs of the 3-week range. 54-25-54.50 will be the area to watch to see what happens. Unless an upside breakout is underway, this could be our sweet spot to sell.
Gold under some pressure from the double top at 1248. Price rejection at 1238 reaffirms. Look to find some buyers though a bit lower.
New day, new highs. Always tempting to play a short thinking the payout will be greater, but...the trend is your friend.
$3.00 rally from the 3-week range low break w/ no retrace. Making a push back to the top of that range. 54.25-54.50 will be the area to watch to see if this rally can do anything with it.
Double top just shy of 1250 target. Every break eventually gets bought. Look for extremes and follow the leader.