So while I exited a bit too early, my prediction came about yesterday, and here we are. With us being maxed out to the downtrend, except the 30m that just popped an uptrend, I've some concerns that we will have a technical bounce up to gather some of the higher timeframe trends before we decide if we go flat briefly and rally, or build strength to head...
So I had done a short trade based on some in the moment indicators we'd have a bit of a bounce at 13:00 EST yesterday and going even lower after. It was a safe trade that netted just over $1000. Not bad, considering I didn't expect to go short at all. Overall we are in the same basic picture today as yesterday. I'll be looking for a technical move up to a 30m or...
Not sure how the video ended up so long, probably because of the rambling on the Powell Testimony and the impact on the market, but here we are. The 4010 level stayed relevant so long that 4 trends in a row all landed on that mark even though they ended at different times. I wouldn't be surprised if we briefly revisit that level before we head further south. The...
The rally I had expected showed up, and now I feel it is time to have a cooling off moment before it decides where we head to next. In order to save a lot of time, I've removed the trend lines I usually maintain, because it takes a while to have to draw them out, and just went with the major one that is in focus, and listing all the trends in the box. Ultimately...
So, we absolutely struck my target zone of 3913-3930 yesterday. I waited for confirmation we'd spin around, and went long at 3945. As I said I cashed that out at 3988 just because I didn't want to hold into the close. That provided a 2 hour lower high uptrend mark, and I waited to see if we would cross that later once things opened back up, and got long yesterday...
Short video today. Basically I attempted several times to go Long in the market, and was profit stopped out every time for about $100. I went Long yet again this morning at 3935, for the same reasons I went Long yesterday, we are basically maxed out to the downside and in violation of several trends that will demand we fix ourselves (the 3hr/4hr/6hr/12hr). The...
So I was searching for a Long position, and after the close yesterday I went Long on both ES Futures, as well as 6E Futures. I woke up this morning to both coming in very well. I cashed in at just below $2500. While it looks like I may have jumped ship a bit early on the Euro, I seem to have gotten out at a good point on the S&P as we've given some of the gains...
Don't worry, much shorter video today since I went through my long winded explanation of the overall market picture yesterday. So I had said I would short at a 1hr uptrend yesterday. I went short at 4013 for a $1000 goal at 3993. I did have to hold through the bounce up which began to signal a 2hr uptrend, and I cashed out early at 3994 when we came back down,...
Greetings! Had a great time skiing up in Vermont, was nice to take a brief pause away from the market and enjoy the whole reason I trade for a living (more free time and flexibility). I'm back, and be prepared for a bit of a longer video as I catch things up. Trends; In terms of trends, we ran down along the 30m and 1hr trends to get here. While the 2hr was in a...
So full disclosure, I cashed out my short from 4162 this morning at 4152. That was a $5,500 profit. I would have likely held the short for continued movement towards my goal of 3913 +\- 20, but I am heading to Vermont this week to ski, because Winter forgot to show up in most of the East Coast this year and I want to get some time on the slopes with my rentals I...
So I still think we are going to head lower, though I expect a potential technical bounce here. I have some concerns that the 3hr/4hr/6hr are all higher lows, but at least at the moment we've broken below them so they aren't potential support lines going down. My next main target is the 12hr downtrend and how we react to that. Additionally, we have broken down...
I cashed out on a trade yesterday, but ended up going short again towards the end of the day at 4152. We have a 30m/1hr lower low trend from yesterday, but our 2hr trend from yesterday is a higher low, and thus far we've bounced off of that. We also got 3hr and 4hr higher high trends just before the CPI data came out. When I saw that CPI showed inflation had...
So we are hitting a 2hr uptrend right here at 4114. This is going to be a lower high 2hr uptrend. We have already had a lower high 30m and 1hr uptrend signal also. Having cashed out on my last trade, I might look at anything around the 2hr uptrend if it closes up here and causes that signal, as a short position. However, I am also aware that tomorrow is CPI data....
So I'm sitting short from 4150 and still holding to see things go lower. Quick tidbit, the overnight plunge was likely spurred in some part by Russia reducing oil production by 500,000 barrels a day as punishment for sanctions. This is why oil prices spiked overnight also, although they've fallen back to under 1% (they were over 2% for a bit there). In terms of...
So as I state in the video, I cashed my short out at 4148. Looking for another short to get into or just picking up where I left off at. We had a 30m/1hr trend down yesterday, and overnight we got a 30m/1hr trend up. The uptrends overnight were a lower high on the 30m and a higher high barely on the 1hr. We are currently below the 1hr but sitting above the...
So I got into a short on the first peak, made profit on the dip and was stopped out on the reverse momentum. I didn't jump in right away on the next surge, but did grab another short overnight as I still believe we head down shortly. I do not trust this rally until I see a genuine lower leg that holds and we rally off of. Every potential dip was just bought up en...
So I held my trade and walked away from the S&P for a bit to short the 6E (the Euro). It netted me about $3000 the last couple days, and that also gave me time to let my trade begin to form here. I closed out my 4140 short at just below 4110 yesterday, for a net profit of just over $1500. Certainly not the move I wanted, but the move I ended up with. I still...
So, I'm short again at 4140, which is already looking as a potentially flawed trade, but we will see. With the 4hr closing at 4142, it certainly appears that trends are basically maxed to the upside. I was looking and I do think it is possible that the Weekly timeframe could get an uptrend close to here, so I might hold through past that and see what...