FireKnight

FireKnight Updated 

Boeing just reported a loss of earnings this quarter. Note the strong downtrend Boeing has acquired since its airplane issues. This small doji signals that only a small amount of buyers are at this low level. If price goes below this Doji, then sellers are back in control to the downside. This could be a nice Put Option play to the downside.

FireKnight

Lowest low violated, along with upper trend line. If momentum continues downward along with price, we could be looking at a sharp run down too previous lows.

FireKnight Updated 

Hi Guys, looking for downside action overnight. Maybe start seeing accumulation at the 2330 level.

FireKnight

Small selling activity yesterday on low selling volume. Momentum is in. Looks like a long setup. What are your thoughts?

FireKnight Updated 

Daily and Weekly charts are in divergence. The bearish candle on the 15 min chart and negative MACD on 1 hr and 4 hr charts gives me a bearish opening to the downside kind of feeling!!

FireKnight

Strong move yesterday, ironically it put the weekly and daily charts in divergence, lol!! Are we going to see a strong move to the downside?? This is interesting because earnings look well, the economic indicators are pretty solid.....soooo, will there be some more downside? I really would like to hear your thoughts on this....:)

FireKnight

BREAK OUT!!

FireKnight

So price, volume and momentum all lead to more downside action. The only thing I can see playing out to the upside is staying at this level for a few days and showing some divergence.

FireKnight

1. Daily sells price outsells major buy candle on high volume. 2. I can see a move to the next lower level. 3. Momentum will have show strength to the downside.

FireKnight Updated 

Key levels noted on chart. I think we will get to that low range but will then find our way back to the Key high level. Momentum has to be positive to pass the Key high level, as well as the Low key level for that matter. Like my ideas, please follow, and I will follow back. FireKnight

FireKnight

Whao! can't go long today. I'm looking short!!!

FireKnight

Divergence, and flag pattern in play. If flag holds, and Momentum comes back into Gold, nice upside intra-day play. If you like my ideas, please follow and I will follow back. Peace, FireKnight

FireKnight

Despite the Pseudo Divergence in the ES, it is still very much bullish. The RSI remains above 70 with the Divergence, so the speed of price remains intact. My view is Long!!

FireKnight

Friday ended with intra-day range price action; the RSI and MACD histogram showing momentum to the downside. The RSI had some small divergence over this week, and ended up with a value of 64.46. With this, there is a chance of getting through the lower level. We don't know, will have to watch. The key is that if it gets back down to that lower level, having...

FireKnight

ES futures forming abandoned baby on 23 hr chart. Looking out for a short to form.

FireKnight

If this 4 hr green candle holds up, and price goes through the level outlined. We should see a short to the downside. Use your momentum strategies to decide on whether to take it or not.

FireKnight

Divergence noted in 15 min E-mini chart; however all charts 2 hrs and above show momentum strength to the downside. Note the buyer action in the 15 minute chart. I see this buyer action playing out Sunday night, and sellers coming back in around 5 am and into the morning session for a nice short opportunity. Your thoughts? FireKnight

FireKnight

Hi, I have listed detailed instructions on how to use the MACD histogram to anticipate a burst of momentum during a trend. Thanks