Use this as a guide to develop your view of the chart
Main items we can see on the Daily timeframe:
a) Based on the previous short movements we can see a pattern (all of them are composed by a first impulse, then an ABC pattern and then a second impulse)
b) We think based on the level we are currently on (massive support zone) that the first impulse is...
for front month ES contract spx500 pricing for the lines are 10 points higher than I am using for ES
Currently Es is trading is a big balancing area and after a good sized up move back into prior range, this make me watch top of the range (red top) for continued up move into higher target marked in blue line.
I f no up move then the bigger pull down will be the...
We are trading in balance in range and looking for the next breaking move, so until that happens will be looking inside the range for back and forth trades until that break.
Will be looking for the days primary directional focus and keeping the day trades in that direction a test of 2485 and then drop is very possible and would be a area I will watch close.
Last few days has put us in a bottom move comfort zone and no clear direction until this zone of 2544 - 2350 (ES, please verify your chart like spx500 numbers can be different) has been cleared.
This said 200 point consolidation is massive and provides many trading opportunities. I will be looking a opening move that will give me direction. Normally I would say a...
2500 objective was sent back at 3100 a few weeks ago when retail was still looking to BTD
30 attempts later... most have lost everything including their wives
If youve got a negative beta book, holllld
2500 has since been met but theres further to go
Despite -30% from the highs we have not seen capitulation yet
Sell the rip until 1800 has been cleared...
After yesterday massive down move we are now balancing in the lower part of teh trade range and the break of this range is important. Looks like lower is still wanted and no real buyers have been found yet. If we do drop and break first blue target I will then look and post next level if it comes to that, There still can be some testing of higher areas and see...
Buy the line in the sand. The market is not as well capitalized as everyone thinks, when COVID cripples the economy for 3 months, unfortunately the pain is just beginning.
Markets after a bit of down in the overnight have now limited up 5% and leave me with less data to work with for the open, so putting red top at limit top.
I am using ES chart because the SPX500 chart did not limit close and mixes up data.
Right now markets look strong but open will tell me more and will bring updates, it is Friday and we either have a...
Will not say much, but after we see how it reopens will up date then but any bounce that remains below 2700 i think is bearish and a drop below 2600 could rip to next breaker.
Put/call ratio at peak levels. The other time it was higher was in 2010 where permabears got blown out.
Weak bullish divergence on VZO. Should deadcat at the very least, as it has been.
This is a long on every market in the world, except oil and volatility. Volality recovery TBD, I don't think the oil industry ever will.
DJI, a metric that that is not...
A bear flag formed on the intraday chart over the past week and has broken out this evening. This pattern has a price target of 2400, or about 7% lower than the current price.
For ES values the lines drawn should be moved up about 3 points!!
Balanced range day is what looks like today, and looking as plan a) for a bounce to top of red zone and then more selling, A break of this zone brings out plan b) for looking for a back test to get long. Inside that is plan c) for scalps inside the range based on impulsive action after open.
the over night session has been long the entire night and is either ready to break higher or making a big low level balance zone, so watch for tells to what one it will be. now the range of the red zone is massive and even if we are balancing there should be some massive scalping trades to be had.
Break out will look to see if R becomes S and S becomes R and if...
Use this as a guide to develop your view.
Main items we can see on the Daily Chart:
a) A 20% bearish movement has happened on the last two weeks
b) Looking for similar situations on the past we can check the decile on January 2018 and on October 2018
c) After the price found support, we saw a huge corrective structure composed of an ABC pattern. in this...
The ES monthly time frame is in a long term up trend. The market is showing signs of pullback back bearish towards the up trend line. If the market hits the up trend line. The research shows it could bounce bullish.
