E-mini
Crypto about to start mini bull run?Total market cap testing right now a very important resistance. Breaking this resistance should give crypto market a nice wave up to 200$Bln market cap. Overall Bitcoin chart and altcoins charts looks bullish in the long term today and looks like that crypto total market cap is also showing us a nice run in crypto if we managed to break this downtrend that has been dominating the market since 2018.
ES (S&P 500 E-mini) at Strong Resistance! Short @ 2816Thanks to the US-China trade war cease-fire, traders are set to panic back into stocks on Monday. There is strong resistance in the futures at the 2818 level. It's likely that this level will serve as resistance on the first attempt to break it. It is, however, very likely that it is eventually broken.
Short ESZ8 (December E-mini S&P Futures Contract) @ 2816
Stop: 2821
Target Price #1: 2801
Target Price #2: 2785
Russell short (RTY) set up Short set up found on a 45min chart for the RTY Futures contract. Level is 1589.40-1585.50. 39 tick risk. Target at 1568. RR 4.5:1
Selling September DOW E-mini Futures ON A Test Of 25500Fundamentals are going to control the DOW for the remainder of the week. With Friday’s Q2 GDP release looming, we may be in for choppy price action in the next 48 hours. Until Friday's GDP release, selling the first test of 25,500 is not a bad way to fade today’s breakout.
Here is the trade in the September E-mini DOW:
Entry: Short from 25491
Stop Loss: 25526
Profit Target: 25456
Risk Vs Reward Ratio: 1/1
E-MINI FUTURES 10.07.2018Hello! A very difficult situation with EU futures, he is currently frozen in one place trying to break the wedge. I think that he needs a small rollback down that would make his way to the top and break the wedge. Entry deal-2785: 1 deal-2778 : 2 deal-2763
E-MINI FUTURESOn the daily chart, you can see the movement in the wedge, I indicated all the sales on the chart, you can see the purchase there.
Bullish ABC correction - E-mini - Long-In daily charts the price is making a complex consolidation, the ultimate part of this complex correction it's possible to see a bullish correction.
-In hours chart the e-mini may make a bullish double zig-zag.
Going both directionsES is gonna go both ways! I will look to buy at 2600 and sell at 2679, of course we will wait for the confirmation of candle sticks formations at those levels. The bias so far has been to the downside, so on a break of that 2600 i will look for a potential touch of this years low of 2531.
So i will look forwar to get this after the long weekend.
ES1! - Break of trend lines soon!Here we have a 4 hr chart of the E-Mini S&P Futures.
The 4 hr chart established a down trend channel inside of a symmetrical triangle.
The 4 hr ES1! candles are nearing two key trend-lines - the bottom trend-line of the triangle and the top trend-line of the down channel.
MACD, Slow Stochastics, and RSI are indicating a positive break-out.
Wait for the break-out high or low and trade the price action to a nice profit!
~KP
E-MINI S&P 500 FUTURES - STILL WAITING FOR TRIANGLE BREAKOUTGood Afternoon!
I continue to watch the ES1! with the symmetrical triangle chart pattern that developed with the trend-lines of the Jan/Feb highs and Feb/Mar lows converging toward each other.
There is a higher probability of the pattern breaking out to the long side, but if the bottom leg of the triangle does not hold look for drop to the short side.
I am intently watching the ES1! and am patiently waiting for a break of the triangle pattern on the daily or hourly charts.
Potential resistance levels for a high-side break-out:
R1: 2806
R2: 2880
Potential support levels for a low-side break-out:
S1: 2644
S2: 2526
Happy Trading!
KP
S&P 500 E-MINI FUTURESWhich way will the ESM2018 go?
I attempted to draw chart trends from the recent correction in February, 2018 through present.
It appears there is a triangle chart pattern forming, but I am having trouble identifying whether it is bullish or bearish.
If it breaks below the bottom support of the triangle, I am short for a test of the recent lows.
If it bounces off of the bottom support of the triangle, I am long for 2800+ target.
Note - I also am using a squeeze indicator that is showing a 3 day period of tight volatility in the ESM2018.
I will base my position on the direction of momentum after this squeeze period comes to an end.
What do you think!?
KP
YMH2018 Down Down DOW !!!YMH2018 -E-Mini Dow Jones ($5) Futures ;TF 15 minutes ,CBOT
Down to Fib. cluster around 23,925 to 23,846
Força para seguir para novos topos históricos!Depois da correção da forte tendencia de alta do dia 18, ajuste realizado até a faixa de 50% de Fibonacci e possível novo inicio de alta.
ES - E-Mini ChallangeSince I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind.
This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do I...
OK, here is a trade I consider:
If price closes below the L-MLH (white), I would stalk a short trade.
My idea is to wait for a potential pullback, a test/retest.
Hunt mode on...
P!
ES - Emini S&P 500 - IndicesWith bank earnings coming up this week, the line in the sand to keep an eye on will be the 2400 level. Breaking it will accelerate the selling into the 2385 level and eventually take us to the 2360 if buyers don't show up to enforce a bounce. Many analysts have been announcing a correction since last summer, and the uptrend has just expanded even more. My only take on this is the following: "A market has to break lower in order to continue higher" - Over the past years we have seen many small 2-3% pullbacks in the market, just to take us to the next higher level. Don't be confused or panic when you see this type of moves, we are clearly still in a bull market. Are we in the last innings? Maybe. But with all the geopolitical worries, at home and abroad we still have not experienced any serious selloff in the markets.
My 2 cents are: "Be always aware of what you trade, and take advantage of opportunities in a daily basis"
Keep up with your trading, Cheers!
ES - S&P E-Mini finally go south.The white fork is the major one.
Price flows according to it's path.
The blue fork is to watch for potential support/resistance within another dimensional (more sideways) flow.
However - I see price coming down to at least the L-MLH of the white fork.
May the forks with you §8-)
P!
ES - Decision Time.ES zoomed above the centerline.
Now the bulls try to push it thorough the U-MLH of the blue fork.
If we pass this and close above it, then ES will go further north, probably into the resistance zone bevor taking a nap again.
P!
ES - E-Mini waiting for the cleanout...I just wait until I have a good stop.
My stop shall be behind the bigger structure (see the light blue boxes?).
But I'm aware that ES is going parabolic at this time, so no hurry - let it exhaust itself.
Hunt mode on ;-)
One more little push up and then we might go south for a whileFrom the election night panic low, the Trump rally generated a nice impulse wave on the Globex Market that was followed by a very muted correction not even reaching a more acceptable 23.6% retracement suggesting we are not done correcting the Trump Wave. and actually the rally from Nov 11th is seen as part of that correction. Yes a rally within a decline. Even if you are not a waver, the market is wedging higher and that is not exactly the most bullish structure. We think once over it will lead to a sharp decline below 2148 and can go lower. We will update the chart once our expected decline is underway
For the wavers, as usual there's many ways to label short term price action and maybe my wave B of an expanded flat is over but just because seasonality suggest Thanksgiving week tend to see prices going up we presumed the wedge is not over. But we will let someone else try to catch the last drops of this rally.
E-Mini, SPX: Structure Remains Bearish Below 2169!Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area.
E-Mini 60Min Chart - October 23, 2016
In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete this week around 2080 area. Even though we would prefer green wave iv to have completed, we are leaving an open path for an extended wave iv (green "or iv") that might hit 2148-50 area.
Chart of SPY below can accept a higher wave iv and looking at E-Mini indicators above we might see that 2148-50 before going down one more time to fill wave v of (c).
SPY 15Min Chart - October 23, 2016
We are already positioned short at 2135 E-Mini price level and invalidation point of this bearish view is 2169.
