Bulls and Bears zone for 12-28-2020Overnight session market has rallied substantially, which could make sellers busy.
Any test of ETH highs could provide direction for the day.
Level to watch 3718 --- 3716
Emini
Bulls and Bears zone for 12-23-2020Since Monday market has been testing the 200 MA, and has not been able to get above to continue a rally.
Any test of ETH High should provide direction for the day.
Level to watch 3684 --- 3686
Reports to watch:
US: New Home Sales
10:00 AM ET
US: Consumer Sentiment
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Wishing you all a Merry Christmas !!!
Bulls and Bears zone for 12-22-2020Yesterday after a big drop market rallied to close the gap but could not stay above 200 MA.
This morning market is testing 200 MA.
Any test of 200 MA should provide some direction for the day.
Level to watch 3685 --- 3687
Reports to watch :
US: Consumer Confidence
10:00 AM ET
US :Existing Home Sales
10:00 AM ET
Sell Signal: 3628.50Stop: 3730.00
Just as with the DJIA the model is picking up a potential reversal back into the previous range. At minimum this will hedge our long stock exposure
Bulls and Bears zone for 12-18-2020Yesterday market traded in a relatively narrow range.
Today we might open at ATH, therefore we might see an attempt to close the gap.
Any test of ETH High should give some direction for the day.
Level to watch 3719 --- 3717
Report to watch:
US: Leading Indicators
10:00 AM ET
Bulls and Bears zone for 12-17-2020Currently market is trading higher than yesterday's RTH session.
For this rally to continue, bulls need to keep it above Fibonacci 1.272 level from yesterday's RTH session.
Any test of yesterday's High could provide direction for the day.
Level to watch 3711 --- 3713
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-16-2020This morning market has rallied to test Fibonacci 1.272% Level of yesterday's RTH session.
Any test of yesterday's Close should provide direction for the day.
Level to watch 3688--- 3690
Reports to watch:
US: Business Inventories
10:00 AM ET
US: Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US: Fed Chair Press Conference
2:30 PM E
Bulls and Bears zone for 12-15-2020Market is currently trying to rally and test Fibonacci 50% level of yesterday's RTH session.
If market can not stay above Fibonacci 50% level, we might see sellers take control.
Level to watch 3658 --- 3660
Bulls and Bears zone for 12-14-2020It seems that market will have Gap up open, we might see a test of Friday's close.
Any test of ETH High might provide direction for the day.
Level to watch 3677 --- 3679
Bulls and Bears zone for 12-11-2020Lately, market rallies then sells off later in the day which could be a sign of distribution.
We might have a repeat of yesterday. Any test of ETH low could provide direction for the day.
Level to watch 3634 --- 3632
Report to watch:
US: Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 12-10-2020Overnight session market has struggled to get to Fibonacci 38.2% level which could be because sellers are in control.
This morning market has been testing yesterday's low which could provide direction for the day.
Level to watch 3656 --- 3658
Reports to watch:
US: EIA Natural Gas Report
10:30 AM ET
US: Treasury Statement
2:00 PM ET
Emini looking to fadeEmini rallied quite strongly but now looking to fade the move. Expecting retracement on higher time frames.
Bulls and Bears zone for 12-08-2020After a steady sell off yesterday, market recovered but could not close positive for the day which could be a sign of weakness.
During ETH session today, market continued its selling to trade below Friday's Low.
Any test of ETH low could provide direction for the day.
Level to watch 3670---3672
Bulls and Bears zone for 12-07-2020Market has given back all of Friday's gain during overnight session and bounced at the LOD.
It might be a good idea to keep an eye on Fibonacci levels for reaction.
Level to watch 3682 --- 3684
Bulls and Bears zone for 12-04-2020Last three sessions market has traded in a range, it could go one way or the other.
Any test of ETH Low could provide direction for the day.
Level to watch 3671 --- 3673
Report to watch :
US: Factory Orders
10:00 AM ET
Bulls and Bears zone for 12-03-2020ETH session has been trading in a range again, but for this rally to continue market has to take out ATH.
Any test of ETH High could provide direction for the day.
Level to watch 3663 --- 3665
Reports to watch:
US:ISM Services Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-02-2020ETH session has traded below yesterday's Close which could be that sellers are active.
Any test of ETH High could provide direction for the day.
Level to watch 3644 --- 3646
Reports to watch:
US: Jerome Powell Speaks
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US: Beige Book
2:00 PM ET
Bulls and Bears zone for 12-01-2020Overnight session market has rallied to new ATH that could be reason to be cautious.
Any test of ETH Highs could provide some direction for the day.
Level to watch 3658 --- 3660
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US: Construction Spending
10:00 AM ET
US: Jerome Powell Speaks
10:00 AM ET
Bulls and Bears zone for 11-30-2020Overnight session market has traded mostly below Friday's Close.
Any test of Friday's Close should provide direction for the day.
Level to watch 2613 --- 2615
Reports to watch:
US: Chicago PMI
9:45 AM ET
US: Pending Home Sales Index
10:00 AM ET
> Elliot Wave<> 3 of 3 of 3<> Final Wave 4 Complex WXY zigzag >As title suggests, this is an update to previous posts on massive 5 wave move from LOW
We are currently mid way througth the final 4th wave of the concentric unwinding of 4-5-4-5-4-5 which began VDUMPS lows.
See previous post for more detailed snapshot of interior complex structures.
> ElliotWave >< complex 5-3-5 WXY zig-zag (green) >< WaveFour >As title suggests, we are currently mid way through a dragged out complex WXY zig-zag.
This is the final wave 4 of the unwinding 4-5 4-5 4-5 of concentric 1-2 1-2 1-2's that began VDUMP lows.
These unwinding market torrents are remnants of the initial impulse off the VDUMP lows from previous posts. corroborated by the highly complex interior os the beginning of the structure highlighted by the 5 degree complex WXY and the 2 idencical "BAK" WXY wave 2 and 4 in the first of the 5 waves of the Simple ABC zigzag inside.
