ES hit my upper blue trendline and overbought again, small open gap which will eventually get filled. Not sure if it turns around in the morning or if we get an overshoot on Ponzi Tuesday then drop.
Market is so pumptarded, it just doesn;t want o die, lol.
ES MFI is actually moving back up after shedding the overbought condition. Typically happens during a melt up. It looks like it wants to hit my top blue trendline before scrolling back down.
Small position in PDD and XPEV puts, will decide if I want to short US stocks probably Tuesday aft because they...
The $ES looks to have ended it's 5th wave advance. When zooming in on a tick chart, the ES seems to be in a wedge this morning. Looking for break to the downside if correct.
Friday pump as usual but the pace is slow because ES RSI is overbought.
At this point, I'm expecting a dip either tomorrow or Monday, but it's looking like a melt up
Didn;t get the dip I expected because FDAX went up despite MFI being overbought. Now ES MFI touched oversold so looks like another pump coming. Other indices have similar charts.
Maybe a whipsaw day today then the usual Ponzi Friday 401k day pump.
Sorry for the delay, was busy flipping my 2 HOG puts for beer money. Lots of beer this weekend, lol.
ES is almost overbought, NQ is already there but YM and RTY are still in the middle. We could see some rotation before the next drop. I wuldn't chase the market any higher.
Funny thing is I had KMT and HOG puts, flipped them both for a profit. Actually made...
At the very least, some hot air is about to come out of the markets.. All of the bearish technical signs are there now, just need a nice push lower on the ES futures Sunday evening... Once everyone starts calling for a crash at the expected target range, its likely time to start looking for long opps..
The S&P has retraced significantly from highs. We are seeing quite a bit of volatility as large price swings of a full ATR or more are quite common with this product right now. These price swings have even registered with the Kovach OBV which is telling us there is a lot of momentum here in these buying and selling waves. The Kovach Chande is at highs. Since...
At the beginning of the week, $ES_F established few trendlines creating a big probability for the start of the megaphone pattern, and we rocked it in the previous idea:
We will be looking at the bottom of the BB channel and allow it to extend a little bit to the downside whereas we know MMs like to kill stop-loss positions before bumping futures back into the...
NQ is in a range between 13105 and 13249 what we are looking for here is direction if we dont gain 13249 we can see the lower range break down into 12729 which would stop run Thursdays low
