This is a video walk through of the SPY considering this count as a larger ABC move instead of an impulse with a bounce coming next. I do feel this count is a strong possibility but it will be wrong over 383 or more conservatively, over 387. Very few people think we can have a melt down over the holidays, and very few are thinking this is a possibility, which...
A walk through of what I think is the most probable price action for the week. I'll update on a static chart tomorrow. Good luck!
I got short Globex using a BEAR PUT SPREAD !! Here's the video with the explanation ...
All in the video, very simply bulls want to at least hold 3900 for the week to keep the weekly 18 ma bias in the bullish camp. Even better for bulls would be recapturing 4k which would get us over the daily 18ma again. Bears want to see the weekly 18ma at 3900 break and hold under for the week, but a test of the daily 18 at 4k and rejection would be an ideal...
Had to update my analysis as the breakdown today looks legit. Very possible that Friday was both a bear and bull trap and thus the hanging man candle on futures. If we get under the 18ma the daily bias will be down. Support is at 3940 (price shelf and 100ma) so I think buyers will step in there for a bounce, but under the 18ma and all bounces will be opportunities...
All in the video. SPX is hanging around it's 4hr neckline, no decision to sell just yet, Oil may be a nice short, 70 is the target I'm watching. XLE I think is also an excellent short opportunity but confirmation is under 90. Bonds look good and maybe had a very important long term low. BTC could sell some more a few targets are 145 12k and 10k Good luck
Coming out of a nice bearish trend SPY has bounced nicely off the 200-day Moving Average on the weekly time frame. Historically, the 200-day moving average has been a massive level of support and resistance. You can always expect some nice volatility around there. Coming out of the bearish trend we do have some more bearish trend lines to hit. As of now,...
All in the video, basically bears are in control as long as we're under the green channel trendline (which failed today), bulls are in control above it. Possible megaphone pattern may come into play. I believe the bottom for this year will be around the 3-4th week of October.
Faceplace is really getting it in this bear market. After looking like it might finally rebound, we are seeing a clear indication of a bearish consolidation pattern which can be used to initiate short positions and limit risk. Even though this looks golden, I do not pretend to know what is going to happen, so I always cut losses when positions move against me.
Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities)...
All in the video, expecting a pullback but how much is hard to say if it's a B wave. Logic tells me to feed the bears just enough before they take away the plate, but we'll have to see how CPI is reacted to tomorrow. Oil looks very good for a move above 100 still, Wheat could still be a Flat completing, but I'm not concerned about a pullback if it does. Gold,...
Had a bearish daily bias to start the day. Stops were taking after an aggressive move up, very bearish move. Waited for a break in market structure and entered at a fair value gap on 1m chart. Could have held for longer but lows were being respected previously so we had to be careful for any smart money going long. Profits taken.
Video analysis of the recent Price Action to the SPX500. Hope this helps anyone interested.
I am trying in this analysis to figure out the price movement of the ES futures in the coming months Using the Bollinger Band as a simple tool to analyse I am basing this analysis on previous price action and its relevance to the current place of price on the chart. We are revisiting the 20 WSMA and a significant supply zone on the price front. We could see some...
In this update we review the recent price action in the EminiS&P futures contract and identify the next high probability trading levels and price objectives to target
Just a quick trade map of where I think the opportunities might be on the current 4-hour configuration. Looking to get short in the 4075 area with a main target front running the balance area
SPY is heading lower as expected and is now in our target area. In this video I discuss why the selloff could possibly come to an end soon, and how we can see this in correlated assets.
Predictive for 2-3 days. Levels and direction. Please subscribe and give some likes if you find this video useful