hankchef

hankchef Updated 

0. Review Scenario 1 of my previous post is in play now, retest 2111.4 high and retrace, wave a was a little more intense than I thought due to the break of 2092 support. 1. Short-term forecast We are approaching a support since the swing highs from Dec. 2015, around 2082, also the .382(2082) retrace of the whole wave as shown in the chart. We can expect a...

hankchef Updated 

1. 15min timeframe forecast. Scenario 1: www.tradingview.com We are on waves starting from 2092, now on wave a end (or wave 4 end according to different count), based on the first count as shown in the chart, expect up during the night to retest high of 2105.25 ES(probably only reach 2103ES, the .214 level of wave a), then retrace to 2092.5 (.786 level of wave 1...

hankchef

New observation: Daily candles penetrated Bollinger band, if lack momentum, a retrace is probably. I refrain to predict the exact top, my plan is to trade with tight stops on every possible support/resistance and lower timeframe fib levels. Potential targets above are 2106.6, 2116.1, and >2130. 2101.1 and 2095.1 need a revisit tomorrow according to MEJT...

hankchef Updated 

Watch price levels: 2049.4 may be touched @globex session. 2055.4 may be reached tomorrow morning or not at all, and probably is the high of day, and then dump all day to 2033.4 or even lower under 2020., won't be surprised for a 1.5% to 2% drop.

hankchef Updated 

(idea based on @tntsunrise) Instead of @tntsunrise's personal pattern,I recognize this one as three drives pattern. Revised to STP to 1.618 extension of the second drive. Revised TP to the .618 of the possible whole pattern,since we don't know the exact bottom of this pattern yet, we assume the bottom is approximately the 1.618(0.93941).

hankchef Updated 

Three drives pattern on going. Or we are on wave 5 down, expect a retrace to 1.272(2023.7) or 1.618(2011.3). Then probably A up to .618(2047), or the TP of Three drives pattern.

hankchef

0. Review. Called for a bounce from 2048ES. Yesterday night bulls lost their fortress, tried twice today to break 2048ES but failed. 1. Analysis Scenario 1: bearish On 4hr chart, we have traded under sma30 for the longest period since 3-23, when it went down to 2012ES. Alarm rings to bulls. Bulls will try for a third time to convert 2048ES support tomorrow, if...

hankchef Updated 

0. Review Called two days ago for a break up through the .786 Resistance at 2066.7 cash (with 5 points buffer, actually it reaches 2073 with 6.3 points surplus). Called for a retrace, it retraced to 2047 the support converted from previous resistance. I'm not bullish or bearish long term, my sentiment on each post lasts within the prediction period, usually...

hankchef

0. Review Called for lower than 2026 retrace. Called for higher than 2040 rally. 1. Analysis Simple and stupid: touch the .786 resistance(at 2052.5ES to 2054 ), a correction may happen tomorrow or before this weekend. 2. Tonight's call possibly break the resistance within 5 points, then retrace. Always allow some buffer for any support or resistance, ES is...

hankchef

0. Review Called for retesting 2021.75 ES the last pinpoint for resistance, it printed 2022 with .25 point buffer. Buy-the-dip still worked if you entered long there and exited at a higher resistance around 2032.5. (Always allow buffer of these prices as resistance or support) My short order@2035.5 STP2037 got eliminated when it reaches 2039. My long...

hankchef

0. Review Called for a drop overnight and it did retrace to 2012.5ES. But it didn't touch higher enough to 2040, due to lack of momentum, which usually happens before holidays. My order overnight got filled @ 2015 and exited morning @2020.5 . Didn't catch the afternoon rally because of my wrong prediction of pump and dump. Actually this dump and rally all day...

hankchef

0. Review Called for 2035 ES retrace yesterday night, and it did print, but later than I expected. My short order got filled @ 2042 and Exited @ 2035. Tried to long at 2031.75, but stopped with a few points gain. I expected it print midnight, then continue the rally. But it didn't. Yesterday's status quo gives a sign for a rest of rally, especially before...

hankchef

Chart is SPX cash. Prices mentioned here are ES Jun if not specified. 0. Review Called for a retrace overnight and resume climbing up to top. It did retrace to 2029 ES, and rallied to 2047 ES. 1. Volume-Price Analysis 1.1 Big picture Expect temporary top @ 2065 cash or 2052.5 to 2056 ES - the .786 Fib level. The ES Jun chart cannot reflect fair value,...