S&P500 Futures Analysis - Continuous, Just as the Markets !

Updated

This is a Thread, so Follow for Technical Analysis performed with TrapZOne Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-15-2024
Downtrend with UMVD showing Divergence. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)

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On Hourly we have GRAY bars taking the price into Green TrapZone ith RED UMVD AFTER Divergence !

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On Daily bars - Price is FAR from Green TrapZone. So retrace may be around the corner. We did have an excellent RUN up.

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Latest - Green TrapZOne has started UMVD is GREEN at the moment

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GREEN UMVD After divergence took the prices higher, now red umvd is stalling the price move from going higher. Lets keep an eye on the next color

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Green'S' Takes it Higher

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Selling is seen on UMVD as prices keep going higher. same happened a few weeks ago and then finally prices rolled over and crashed fast for a day or two.

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Prices went higher over the GREEN TrapZone Supported by GREEN UMVD

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RED TrapZone formed but with GREEN UMVD pushing the price higher again.

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Hourly Check In - Strong UP Trend is established with GREEN TrapZone. RED UMVD pulling the prices in Retrace at the moment. DO you see the DOUBLE TOP/ TAP too ??

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Latest Intraday

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Latest Intraday

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Side By Side Analysis - Short term Retrace is on with RED UMVD - Lets see we form a RED TrapZone or not ?

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Bulls Got This - I am thinking 5400 as a Possible target in a week.

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Keep an eye on the VIX. Selling resumed after Trapping some buyers!

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Hope you saw that cleanest Class A entry :

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Sideways mostly on Short Term Renko and Gray Bars on the Hourly.

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Hourly Technical Analysis Check Ins
Trend is UP - Angle 5 in place and there have been very shallow retraces with support continues to step up. Volume is dicey but that show its been lately. Are we headed to a Parabolic move up ?

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