Bought CALL in last minutes holding for weekend, so, what will happen?!!!!!!!!!!!!!!!!
Published in slack pre open alleytrader:arrows_clockwise: 8:18 AM ES, Today. decent over night down move probably in reaction to berkshire earnings report. the move is balancing with a slight bullish bias, the areas I am watching are 2784 and 2815, above 18 we run into 2822 and until over that will remain only modestly bullish, and above that level a target of...
ES looking pretty dumpy around 3000, wouldn't you agree?
The ES Futures may be forming a head and shoulders pattern. Look for a gap down on Monday and then a potential small rally back to the left shoulder highs or slightly lower. If this pattern does emerge, it is a bearish signal.
As long as S&P futures stays above 2760, I will continue to look for long entries on equities.
Today, U.S. equities ended the session on a bearish note. Confirming the move down, cryptocurrencies also pulled back, erasing most of yesterday's gains. Markets continue to move in lock step, and until that changes, we should continue to treat equities and cryptocurrencies correlated. On today's post I am looking forward at next weeks earnings report for SQ and...
Despite today's ongoing rally , the S&P futures continue to backtest the bearish rising wedge formed from the March lows. One would expect, after falling from the wedge, that the markets would begin to decline. I still believe this is the case, given the fundamentals faced by the economy at this time. However, if the pattern does not break down soon, then I will...
Stocks are looking to take a breather after a 5 wave rally from the bottom. Most likely in either that yellow line pattern or that purple line pattern. This pullback should shake out most of the current buyers from the market before continuing up in wave 3. Keep in mind there are other possible scenarios which are bearish but right now I'm sticking with this...
Once again, the S&P Futures have backtested the bearish rising wedge that began at the March lows. We remain bearish until the bottom channel of the wedge is retaken. Until that happens, we expect the markets to fall to new lows given the risks faced by the markets at this time.
SPX500 lines on chart are 5 to 8 points higher than the ES numbers posted below This was the 8:300 premarket post; ES today, The big multi day distribution is the real indicator to what the big picture market wants to do so pay attention to that when we got to those levels. But for today's trade ideas I am looking at 2840 and 2875 for the break outs and inside...
As far as I can tell, this was only a temporary pullback working this upward rising wedge. I think we have one more push up towards 300 before a larger decline.
Use this as a guide to develop your view of the chart Main items we can see on the 4HS chart: a) The price tried to surpass a Major Resistance zone and was rejected from there. b) Currently, we can see that the ascending trendline (yellow) has been broken, and the price is below it, making a clear Pull-back. c) Our entry is below the current pull-back,...
9:00 pre open post ES is trading inside yesterday that is inside the day before so a compression pressure is being applied. This pressure will resolve one way or the other and I will be trading the water sloshing back and forth until that break out happens. Watch 2808 on top and 2766 on bottom. above first target will be 2826, and below target will be 2740. This...
Es. looking at 2747 to 2780 as the initial balancing zone this being the top part of a double distribution in the over night session. A maintained drop into lower distribution should bring us the 2718 area target. Additionally the top side retest of 2800 is very possible also on any up pressure. and then above that level 2830-35 zone. A plan is a open rejection...