leslieyimsm

03:33

leslieyimsm

It finally sold off to original forecasted area at around 5900! And went further down a little more... Which means we should see more weakness next week. Also, on the 1H chart, there was a H&S pattern that played out nicely! But since price has already reached some kind of support, it should take a breather. So if you want to take short term LONG trades, then...

03:00

leslieyimsm

Likely going to be the same again i.e. range with bearish bias for tomorrow. There's the Core CPI news at 8:30AM EST, so do take note of that. It might change the market's sentiment. I'm still leaning towards price heading down to the 5900 support zone, but we shall see.

03:13

leslieyimsm

Today is indeed a bearish day, which means yesterday's doji played out. The 6000 support level held up pretty strong, and which means the bulls are still holding on. But it is likely going to be in a broad range tomorrow with a bearish bias. So, mark out your levels well...and sell at support & buy at resistance :)

04:38

leslieyimsm

Last Friday I said we might see some retracement today. It didn't happen! But if price continues to go sideways until market closes, then we have a Daily bearish doji. This is a better reversal candlestick pattern. However, this just mean we should see some retracement. How much of it remains to be seen. Price needs to break below the 5990 area to see greater...

04:01

leslieyimsm

Calling tops or bottoms is always dangerous. But since this is just an analysis, there's no harm :) The Daily is a green doji candlestick. Not the weakest. However, the 4H is a red doji candlestick. So, we should see price coming back down as of the next 4H candlestick...even if it's small bodied since it's Asia trading hours. If price continues to go higher...

06:26

leslieyimsm Updated 

Market is still bullish, but momentum is weakening. There's a clear support zone at between 5910 to 5950. This is where I forecast it will drop to if profit taking were to happen. If you want to be trading short term, then make sure you see signs of reversal at the 4H chart...like bearish engulfing, tweezer top or double/triple top / H&S at the lower timeframes...

03:11

leslieyimsm

Tomorrow is a BIG day i.e. the US Election! Likely going to chop around until a clear winner is announced. But based on the chart, it looks like it will be sideways to bearish. If I have time, I'll give another update tomorrow afternoon (EST)

05:11

leslieyimsm

Do check out my thought process on the S&P 500's chart in my previous videos. Again, price goes to forecasted area. I believe it's going to be sideways on Monday as US Presidential Election is on Tuesday.

04:33

leslieyimsm

Very bearish day! Hope you managed to get some profits out of it! Price is at support now, but it just might go a little lower still. It will be choppy all the way down though. If you're a short term trader, then you can look at the 5 or 15min charts. Make sure there's some kind of reversal chart pattern (like double/ triple bottom / inverted H&S) formed at the...

03:41

leslieyimsm

As forecasted, it was a choppy day & likely going to continue tomorrow. If you want to be trading, then it's better to time your entry at the nearest to the support level & take profits at the next resistance level, and same on the Sell side. Take care & always trade within your risk!

02:38

leslieyimsm

Price action analysis of the S&P500 E-mini. It is likely going to be choppy for awhile. So it is better to stay aside until a clearer direction is formed. Overall, it's still in an uptrend, but we might see a few more bearish Daily candles.

01:03

leslieyimsm

Too bad I didn't follow through with my original target :) But still made small profits. Next few trading days might be sideways to bearish. So I will look to sell more than buy.

00:42

leslieyimsm

The price action took quite awhile to reach the profit target, and now it has developed into another pattern. I think it's good to take the profits, and call it a good trade. Always trade safely & NEVER risk more than you should!

04:23

leslieyimsm

I analyze charts from Daily down to 1 minute (sometimes). After marking out the supports & resistances, buy & sell zones, taking note of possible chart patterns, then I'll look for possible trading entry. Entry can be counter-trend or counter-cycle. Just need to manage the risk accordingly & know when to take profits. ALWAYS risk smaller than you think you can accept!

leslieyimsm Updated 

This is a rather complex chart because there's quite a number of waves & patterns to look out for. (Well :) who said trading is easy?!) So, I draw my perspective basing on the Daily chart. 1) yellow 12345 = impulse wave down 2) Blue ABC = retracement 3) Green 12 = another impulse wave Right now I'm seeing the end of wave 1 (green line) and forecasting that we...

leslieyimsm Updated 

Based on this 4H chart, it's currently in a downtrend. Also, completed an ABCDE continuation pattern. Forecast to see a small pullback to Supply Zone before selling off! Target profit 1 = next support i.e. 40k area (based on Daily) Target profit 2 = next Demand Zone around 38k area (based on Daily) Heading into the weekend. Volatility usually isn't high. Be...

leslieyimsm Updated 

Based on this 4H chart, there's an inverted H&S pattern. Given the selloff last Friday, the momentum is being suppressed a little. Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high. Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern. Look for strong patterns on tech counters...

leslieyimsm

All the index has experienced a relative selloff recently. So what will this bounce up be, a retracement or trend continuation? If it reversed at 4480 (white line), then it's a retracement and we can expect to see more selloff in the upcoming weeks..likely to reach 4200 area. If this rally continues all the way to 4500 area (green line), then the bulls are back...