Here is how the market cycles are looking.
M15
Slowest Cycle: Bullish - Strong - Flat trend
Slow Cycle: Bearish - Strong - Flat trend
Fast Cycle: Bearish - Strong - Down trend
Fastest Cycle: Cross - N/A - Up trend
Seeing the cycle for today turning bullish looks like
M5
Slowest Cycle: Bearish - Strong - Down trend
Slow Cycle: Bearish - Strong- Down trend
Fast Cycle: Bearish - Strong - Up trend
Fastest Cycle: Bullish - Strong - Up trend
Also, we got the potential for a bull flip confirmation here
M1
Slowest Cycle: Bearish - Strong - Up trend
Slow Cycle: Bearish - Strong - Up trend
S15
Slowest Cycle: Bearish - Strong - Flat trend
Slow Cycle: Cross to Bull - Weak - Up trend
Early morning hours, we saw the market taking the employment data to be a strong bullish indicator. We are starting the day with gaps to the upside (468.30). High likelihood that this bullish momentum will continue to push the price up higher. I know we are all probably expecting some correction and pullback from the early morning trading. There is a not very clear and certain gap around 464.95 but I think this was already filled shortly after. Overall, we are still in a down trend for the market but today could be a momentary bullish day.
I will provide some updates when I get a chance.
M15
Slowest Cycle: Bullish - Strong - Flat trend
Slow Cycle: Bearish - Strong - Flat trend
Fast Cycle: Bearish - Strong - Down trend
Fastest Cycle: Cross - N/A - Up trend
Seeing the cycle for today turning bullish looks like
M5
Slowest Cycle: Bearish - Strong - Down trend
Slow Cycle: Bearish - Strong- Down trend
Fast Cycle: Bearish - Strong - Up trend
Fastest Cycle: Bullish - Strong - Up trend
Also, we got the potential for a bull flip confirmation here
M1
Slowest Cycle: Bearish - Strong - Up trend
Slow Cycle: Bearish - Strong - Up trend
S15
Slowest Cycle: Bearish - Strong - Flat trend
Slow Cycle: Cross to Bull - Weak - Up trend
Early morning hours, we saw the market taking the employment data to be a strong bullish indicator. We are starting the day with gaps to the upside (468.30). High likelihood that this bullish momentum will continue to push the price up higher. I know we are all probably expecting some correction and pullback from the early morning trading. There is a not very clear and certain gap around 464.95 but I think this was already filled shortly after. Overall, we are still in a down trend for the market but today could be a momentary bullish day.
I will provide some updates when I get a chance.
Comment:
Here is the play for me this morning
Comment:
The descend has started. Took a bit longer than I liked but looks like it's repeating yesterday's pattern. But it will most likely not go down as much as it did yesterday.
Comment:
Hope you all liked that :-)
I'm done for the day but here is a potential setup for today.
I'm done for the day but here is a potential setup for today.
Momentum is your friend. Think beyond the box, expand your reality and you will be ahead of the trend.