Hello!
Here we have a 4 hr chart of the ES1!.
The ES1! is currently testing upper trend-line resistance.
It is also trading in a 4 hr squeeze.
Look for the squeeze to fire off long and a break of the upper trend-line resistance and resistance zone in RED (key pivot-points) for a test of the recent highs.
Happy Charting!
~KP
Here we have the ES1! on a 2 hr chart.
ES1! just tested key downtrend channel resistance at 2642 and failed to break through.
It may test this trendline again throughout the day.
If it can't break through, look for a re-test of the uptrend support channel at 2594.
If price breaks through the 2594 level, I expect a drop to the support area shown.
Happy Charting!
~KP
Here we have a 45 min chart of the ES1!.
The ES1! rebounded nicely yesterday fueled by a 45 min squeeze firing off to the long side late in the day.
The ES1! is now testing the 0.382 Fib retrace level of the 3/13 high to the 3/23 low retrace.
If it fails to break through this resistance level, look for a reversal to the downside.
Also note that a 45 min...
The S&P 500 gapped down yesterday on the daily chart.
It looks like a potential dead-cat bounce is setting up.
Let's see if the price finds support at the 2645 level, has a short correction, and then continues its decline to 2600 or lower.
~KP
Hi All!
The ES1! broke key tren-dline support and is in a large breakdown.
Adding to the break of the trend-line, a daily SQUEEZE fired off SHORT.
I am SHORT on the daily ES1! charts for a test of the 200 MA level at ~2595
Happy Trading!
~KP
Looking at BTCUSD on the 1 hour chart, there were two hourly squeezes that would have worked out nicely for potential trades.
Both squeezes fired off LONG and a subsequent large rally in BTCUSD was seen for nice gains.
Trade entry - after red dots turn gray (Squeeze ends)
Trade exit - at peak of histogram (histogram begins to trend lower; programmed to change...
Here we have a 4 hr chart of the E-Mini S&P Futures.
The 4 hr chart established a down trend channel inside of a symmetrical triangle.
The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel.
MACD, Slow Stochastics, and RSI are indicating a positive break-out.
Wait for the...
The ES1! continues to test triangle trend-line support.
I redrew my previous bottom portion of the symmetrical triangle to adjust for recent daily price action.
The new bottom trend-line is slightly flattened compared to the previous bottom.
If the ES1! can hold support at this bottom trend-line, expect a bounce up through the top trend-line and then higher.
~KP
Good Afternoon!
I continue to watch the ES1! with the symmetrical triangle chart pattern that developed with the trend-lines of the Jan/Feb highs and Feb/Mar lows converging toward each other.
There is a higher probability of the pattern breaking out to the long side, but if the bottom leg of the triangle does not hold look for drop to the short side.
I am...
Which way will the ESM2018 go?
I attempted to draw chart trends from the recent correction in February, 2018 through present.
It appears there is a triangle chart pattern forming, but I am having trouble identifying whether it is bullish or bearish.
If it breaks below the bottom support of the triangle, I am short for a test of the recent lows.
If it bounces...
