What a interesting day we are about to have, and also a very hard day to get a solid game plan for with so very little overnight trades. The golden Rod lines are very important bigger picture locations, and then we have teh red zone based on the more current overnight action. I will not have much of a plan other than watch teh reopen and see if the massive...
Spy, closed above $294 right before close and failed to break the trend line throughout the day. If we can hold this then we may gap fill to $300 and continue higher, if we break 288 then 285 is our main support.
Big move and going to test some lower levels and that could come fast so look for impulse and then react. Higher can come but not leaning that way right now,
First of all, I'm not planning to trade this setup because of the current conjuncture and i don't like holding futures contracts. Futures ES gives me more than 90% probability for $3369 by 26th March 2020. Again, I'm not trading based on statistics. Holding futures contracts is very risky even for micros. Technically speaking, I was expecting a market crash and...
Earlier this week I posted how the SP500 will likely move sideways in a triangle for about a year before it starts the 5th and final wave of this historic bull market towards 4100+. Today I'm posting my alternative wave count where the 5th and final wave is an Ending Diagonal. In both scenarios, I think we have a final wave up towards 4100 and both scenarios...
Today overnight has been 100% down form close and is either looking bearish after a possible bounce or will remain in a very choppy zone. Not much news has changed so real good odds today is choppy. We also are in a big balancing zone that will break, what we do not know is when that happens. So keep eyes open for the break but I will trade teh balance like it...
Looking at a over night that is inside yesterdays range and for me needs to clear this zone for a confirmation of markets desired direction, so will be looking for back and forth trading until that direction finds us.
Traders we do not like to write more. The prediction of the price you can find on chart! Regards, Team Traders "Powerful Traders"
Nice move up that happened with out balance and now in the over night session has found balance for the time being. The balancing area is 100% above yesterdays action and looks like could be setting up a nice long trade, however I do not see the down side as resolved yet but that does not have to happen before a decent up move. Do watch the red bottom and if we...
Although my 2019/2020 target of 3200 was met, I do not like any impulsive interpretations of the rally in 2019. Therefore, I believe we are still in a major correction that started in 2018. According to the way the structure is playing out, my bet for 2020 is sideways movement through that large triangle that will eventually give way to a 5th wave rally to...
Simple trade really, price has gone bullish again after recent fire sale, you might get a nice long entry off the daily pivot point today either for a day trade or a longer hold. Should be easy to keep risk contained at that level and with current volatility I expect gains could be big.
The markets have accepted these lower levels for now and could consolidate to build energy for the next move, and this is happening inside a big balancing zone. the over night attempt higher was not that impressive but did print an accumulation from the bottom. If this current low breaks a fast move lower is likely. I will be watching close for a red zone break...
MCD, GOLD, AJG, BLL, CLX, ES, KR, MKL, NEE, S, NEM
"A.Today at 6:00 PM imagine all of this only because some retard ate a bat"
We're back in the bearish wedge where majority of price action has taken place over the last couple of years. Bottom of the wedge may act as support allowing for a bounce/consolidation before a potential breakdown of the overall pattern.
Today the red zone sits right on the over night range and this is a big range so lots of inside trading if we can not break out of this zone. will be looking for higher lows or lower highs to take a inside direction trade that could maybe break out. A move below the ON session could see a fast drop to 2800.