So with the close of yesterday, we have the 30m/1hr downtrends being higher lows and being violated significantly. We then got the 2hr/3hr/4hr all as lower lows. The 6hr was in lower low territory for a while, but just before it closed out that bar, we rallied briefly to give us a slight higher low downtrend signal there. So basically, we have the 30m/1hr/6hr vs...
So we spiked up briefly but then got the 30m downtrend yesterday just below where we started. While it is only one trend, and we've managed to keep below the trendline associated with it, the move lessens the promise of an easy and safe entry point at 4185, as the 30m could attempt to move the market up on it's own. I'll most likely put a profit stop now on the...
So with the 6hr uptrend hitting on the major upward move that ended the week, we are maxed out on uptrends yet again. I'd expect at least a brief sell off to get a 30m downtrend, in which I'll be able to set a profit stop and go from there. Earnings season never seems to disappoint in that it drives the market up regardless of other macroeconomic conditions that...
So I was away from my computer and basically just managed a trade via phone and had no way to make an update for yesterday. My analysis was basically close to the same sentiment I had from Wednesday, which was that we had violated too many trends and were going to see a brief rally. From that rally, we now have several trends that when they went uptrend, are...
So I cashed out when we struck the 12hr trendline around 4095 yesterday. With the way the trends are looking I think I'm likely to just sit out for today and let the market play itself out. While I was stopped out and lost nearly half of the surge I gathered in the 6E, between the few hundred on that and the money made on the S&P I've more than surpassed my weekly...
So I'm currently running two shorts, one on the ES! and one on the 6E. I attempted both a Long and Short yesterday, and both were profit stopped for $100, so after only making HKEX:200 yesterday, I waited until the close and then went short on the market into today, ready to bail if the S&P decides to shake off the movement down... again... and rally into the...
Major earnings are coming in this week, although not today. Coca Cola was the only major company to report today, and they beat earnings expectations by basically acknowledging they just passed price hikes in production to the consumer. With the bigger Earnings of Google and Microsoft tomorrow, then Amazon and Meta later in the week, I expect tomorrow to begin...
So I did dip out yesterday where I said I would, did not get back into the second wave down, and ended with making my weekly goal of $2500. Looking at today, I feel the market is giving off a lot of indecision, and so I've decided to continue with my sentiment, and will likely just sit out today altogether. The trends into today; Last Macro Trend Signal...
So I am yet again short at 4180. I've made my weekly goal at this point, and if things rally again back up to 4160 I'll likely just cash out, take my weekly HKEX:2500 quota, and sit out this week. However, trends are beginning to show that dip backwards, even if currently it is only the lower timeframes of the 30m and 1hr. We got lower highs and lower lows off...
So after sitting out yesterday, I am short yet again today at 4180. I am looking for some continued downward movement now that we are developing some downtrends, and then I expect the potential of a brief bounce back up. If this is the end of this rally, basically I want to see a good 60 points drop, a 30 point rebound, and then another move back to meet new...
So I ended up jumping out yesterday as the price went up to 4160 for only a 750 gain. I had said my long position was to go in to any appearance that yet another buy the dip mentality surfaced, but I ended up not taking that trade and have no open position at the moment. Heading into today, the issue I see is we are mostly maxed out, yet again, to the uptrends....
So I am short at 4175, still grasping on to the market losing its footing at this level and falling back towards 4000. Friday's dip though was immediately gobbled up and we ended up at basically break even overall on the day. So we shall see. The trends have allowed us some wiggle room to move upward, although we wouldn't be able to get too much higher before we...
So I sat out all of the last two days. I wanted to see some of this rally falter, it did, but then I decided I would wait another day to see how the market reacted, and we end up skyrocketing on low volume yet again. The movement up did give us a Daily Uptrend on the ESM contract, instead of just the ES! overlay. I decided to mark that location since so far the...
So I cashed out my Long yesterday at 4150. Took it as a bonus that I made my weekly goal already. Due to that, I will be sitting out going into the CPI data. Volume remains ultra low, prices remain fairly stagnant, and trends still seem to be maxed out at least calling for some downward movement. I'm attempting to remain open minded to a long position, even...
So, while I'm actually Long at the moment from 4120, I still see the market heading south here shortly. I think the lack of volume has caused a delay in the corrective action I'm looking for. I took the Long based on my "Long Position" from yesterday, where I reversed my short into a Long to see if I can skim off the top. I still have numerous indicators and...
So I am back in short yet again at 4140, and again expect a movement down to a 6hr downtrend to correct the 6hr violation that occurred. Once we get to that point, I'll evaluate how the move is going to see if I think we will continue to break lower, hold in that area, or the rally will bounce and return. I have a side trade going on the 6E again. Perhaps my...
So I went Long yesterday like I said I would at 4101 (3/4hr downtrends), and then ultimately reversed the position at 4122 (1hr Uptrend). I'm currently holding that trade and looking for it to make a move down to the 6hr downtrend at least. The S&P has really left me underwhelmed this week, and I'd like to try and make a bit more profit from it if possible as...
So we got some initial down movement yesterday that finally challenged this massive upward movements on low volume the last few days. This provided a 30m/1hr/2hr downtrend. I'd expect the price action to recover briefly from here even if we are heading lower. It should be noted that yesterday's down movement was high in volume either. JOLTs data came in below...