On the daily chart of the S&P 500 futures contracts, we may observe a potential corrective pattern - a simple correction - labeled as ABC. The C wave consists of five sub-waves which is typical for an Elliott wave pattern. Thus, if the lower limit in an upward channel is broken we may expect a potential another sell-off. The next potential target could be located...
S&P movement obeying this pitchfork pretty well. I would expect the breakout to be to the upside but not ruling out a breakdown.
Hi I've revamped this bot mentioned in the linked idea to make it work with v4 of pine. In doing so there are some very significant changes to how it works. The main one is that it no longer uses traditional daily pivot calculations to calculate the bands. It creates a more dynamic intraday set of pivot points based on recent price action rather than yesterday's...
Today ES looks to be bouncing off the overnight lower values and balancing out the overnight session. The balance zone is very large 2700 to 2820 so not a lot of value to this range until one side or the other is violated. What does look like will happen is making an assumption that traders keep getting short this market and if so we will have a sharp move higher...
The S&P has gone on a monster rally since the March 23rd lows. It has done a great job of convincing everyone that life is going back to normal. This is not the case. It has retraced 50% of the decline and this is a great spot to short it as I believe we will turn down next week to retest (and possibly break the lows) sometime in May.
Today with the FEd intervention right at job numbers tossed planning a loop, how ever I did get a mention out to watch the 2785 and 2800 areas for the lift to stop and we then could have a decent size drop. as of this typing still looking for the bigger drop, but after that think we just chop for the rest of the day. Caveat this is a long weekend and might cause...
S&P broke out of downward channel bullishly but has failed on the retest of channel. Could reestablish itself in channel but movement lower looks likely.
AB=CD Target coincides with prior SNR at April 2019
Had a good day today in the room, not as good as yesterday but these two trades presented very nice, and look very good on a 5 minute chart.
broken parabola. send this shitcoin to zero. overleveraged airbnb hosts defaulting on their liabilities causes american economy to nuke. invalidation is a sub-20 monthly vix close.
posted in my private room this info for ES trading Es today the important chop zone is 2550 - 2595 I think if we break above the target is 2620, and a break below is 2497, ( remember ES numbers) there is lots of liqiudity down around 2558- 2562 so expect a bounce in this area. The top side of this range is well accepted and does not look like it wants any type...
Use this as a guide to develop your view of the chart: Main items we can see on the Daily Chart: a) After the price found Support on a massive zone we saw a reversal movement b) Looking at previous situations on the past we can see that the two last bearish waves were composed by -First bearish movement -Correction (ABC) -Second Bearish Movement c)...
Wanting to see what it does with this ascending triangle before taking any additional trades on. I'm currently in May and later calls for a few tickers. Testing the 2640 level is key and if we break out above that, she could really run a bit. There is bullish news happening all around us. Covid leveling out in many countries outside US, promising oil news, a...
Hello traders, Description of the analysis: Be careful to trade and invest sparingly! About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main...
This is alternate scenario if ES breaks out of my initial target of .5 level, next target (and last) would be at .618 level since Wave 4 cannot cross into Wave 1 territory. Also retraced Wave 5 based on Wave 4's new target.
Wedge held perfectly. Went and touched the top shortly before US open. Went through bottom channel and then appears to be retesting bottom channel line. Latter best seen on candle stick chart. So expect Monday for trend to continue down Target is 2340, which coincidentally is Dec 18, 2019 low! If Market goes back up it should reverse it will meet both bear...
I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale at 15min scale you can always count on it to go back to RSI 60 still when you zoom back, you notice...
I am thinking about not putting out morning ideas anymore. So if I do not please be well and take care