Has the S&P reversed? In this video I look at two potential Elliott wave counts, and why the 10 year Bonds could indicate the end of the selloff.
In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week. First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where...
CME_MINI:ES1! tested 4500 levels yesterday and got rejected severely after the markets where spooked by FED's hawkish comments on aggressive rate hikes in the near future. CME_MINI:ES1! is in the process of breaking a major confluence of support around 4400 indicating that BEARS are firmly in support and the index futures are headed for a test of it support at...
There's the key levels to look out for this week on the US indices!
In this update we review the recent price action in the SP500(futures contract) and identify the next high probability trading opportunities and price objectives to target
Entered for a 10% RoM - 0.50 Credit - large MoE on this trade, and compensation was there. When will this turn around, I do not know but the goal here is to be in place for when either a turn around happens or atleast a new range is established.
Lets see how the open plays out, It's volatility season.
I finally got my own fiber optic line for streaming. So I wanted to test out a theory I had on fusing together ichimoku cloud pop, the curve, and the algo key code all mashed up together like it was some menege et trois. I decided to use the ES because it has the most movement this time of night and also it was blood red when I started which gave it no reason...
No middle ground here, this is as a bullish as it gets from an Elliott perspective 5 waves up 3 down so far ,up to the publishing of this idea, wave 3 in incoming. The alternative is WXY and we have already started wave Y, kinda half way through !!!
A big week for the stock market! We got nonfarm employment, FOMC statement/interest rate decision, trade balance, nonfarm-payroll and unemployment rate. A lot of potential catalyst hitting the market this week. Defiantly stay sharp and keep a close eye on the market.
All three major US indices are testing a key support level as we speak. Can price hold these levels and bounce off? On other note, Chinese Stocks, particularly tech companies, have also seen some strong gains the past two weeks. Does that mean we could be forming a bottom on the Chinese markets? View our analysis now!
It's another interesting week so far for the markets. The S&P500, and particularly tech stocks have seen quite a bit of volatility the past over the past few weeks. Here are the key levels to keep an eye on!
S&P500 along with the rest of the US indices have recovered from the sell-off last week. Some indices have fair better than others. Can the recovery continue? or this is just a dead cat bounce?
8.16.21 Comparing Lumber and the ES.............................................................
Sp500 is starting to crash. You can check my previous content as to why but a quick breakdown is as follows; volume/price divergence historical analogue topping formations News catalyst (colonial pipeline) big tech/sp500 divergence
Price Action analysis