4th Video today. ( last one ) ES. Quick look at oil.
This is the immediate sequel to the previous post looking at the Dow futures, then we dabbled for a few minutes with the ES before we timed out. If you're confused, be patient and persevere. If you get a chance open up a clean chart and think through it as there are aspects to this analysis that can be helpful for you, and help you make distinctions in markets...
The ES daily chart corresponds to the example of our educational article "Corrective Waves Construction - Part 3".
Technical Analysis (AKA Price Action) Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on...
-Today we are going to show Vix Index on daily chat compared to SP500 (orange line). The first thing we noticed is the Wedge formations on the chart. -As Vix starts going down, SP500 keeps rising, the concept is that people trust on the strength of the bullish trend, on this process we can see the Wedge patterns on VIX, and bullish trends on SP500. -To see...
For the longest time, most people always correlated Bitcoin price to Gold price but there was a small subset of people that argued the equity market was the true correlation. As shown in the comparison chart above, we saw that the equities market began selling a few days before the cryptocurrency market given that cryptos are already down over 80-90% but this is...
Introduction to Trader Psychology There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a...
Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out. These posts will be short simple and insightful. Notice the daily is bearish. We know better than to hold onto long positions. Over the...
If you look at SKEW and VIX and combine both indicators, you can clearly see draw downs coming.
This chart shows the most current values of Volatility Indices for the mostly used Future Underlyings: ES, B6, E6, ZL, ZN, ZC, ZW, Russell etc.