patricktapper

patricktapper

ES looking like profit taking about to happen. Up at monthly pivot coincides with Q as well.

patricktapper Updated 

NVDA possible top for now. At R3 yearly pivot See also x.com x.com x.com x.com x.com

patricktapper Updated 

We are at R1 and FR1 yearly pivots. Strong resistance. Very ugly looking engulfing bar Thursday. Don't bode well. Could be the end of the Santa rally. Watch and see.

patricktapper

HCD pattern @ QR1 Pivot - very bullish May break strongly this week

patricktapper

Strong resistance with a confluence of QR2 and FYR2 Pivots. The high could be in for 2023

patricktapper

MES is at YR1, YFR1, and QR1 - strong downside expected

patricktapper

Between YPP and QR1 pivot. Look to take profits/reduce risk at these levels

patricktapper Updated 

Looking at yearly pivots. Price rejected R1 and now on its way to yearly pivot at around 304 for a bounce up seeing the rest of the year out.

patricktapper

I am a great fan of yearly and quarterly pivots. Without doubt, algos are as well. You often see the largest reversals at yearly pivot levels. No matter what instrument you trade on U.S. markets.

patricktapper

Longer term target around 14,200 There is little more to say at this stage!

patricktapper

The top for the summer could be in. We have demand, but more buying, which indicates that the SPY is oversold. We may see a sell off before the market comes back for the end of the year rally.

patricktapper

I think we have a seasonal bullish commence here. There is little supply at the extreme.

patricktapper

Watch out for a little turnaround. We are at quarterly S2 pivot.

patricktapper

I think the downside target will actually be around the yearly S2 level at approx. 6,800. Oh my gosh.

patricktapper

325 could be the correct next target. These are yearly pivots.

patricktapper

Watch out for turnaround Tuesday. For a little rally anyways. Nicely working off pivots.

patricktapper

Watch out for turn around Tuesday. For a little rally maybe.

patricktapper

Here is the SPY with weekly pivots. Trading to the tick. You can see this is looking like buyers have picked up the ball. Upside volume has increased. 1st upside target would be the weekly pivot, then R1, and then if buyers push for more they may try and close the gap level around 425.