for ES add 4 points to all chart lines, Nice gap down open in a balanced over night session. so will be watching the red zone for directional trades. Inside the Red zone will trading it as a range but will be leaning more to teh short side and a up move before that would be great. On open will mark on my chart the half gap as a rejection point.
Looks like the video didn't reveal my drawings as it appeared to during recording, so I've posted the weekly chart here for a zoomed in picture. An unsustainable trend typically results in consolidation or a reversal in said trend. The Month of September will be critical to the US markets, as can be plainly seen in the S&P 500 Futures chart. Bulls have gone...
over night long balanced but in the middle of roll over so there is a mess in volume and price across platforms so very few comments today. Looking for a possible open down move to take long and retest overnight top, and see if the market like it higher and if not this could be a tipping point. If I get info on the fly will update post.
over night gap up that has been trading balanced and organized so just looking for opening direction. Looks like long is most likely however the move to the top side has seen some rejection and this could lead to a move lower to the targets below. I will let about 15 minutes pass after opening and see if a directional bias is found.
Over night a very tight balance session right around the prior days closing, so will not have high expectations for a big move until a solid break of this bigger consolidation zone, but will be leaning on a slow grind to higher levels. The market has given very little clues to it's desire to move lower other than a slight amount of big boy selling yesterday late...
Beutiful breakout trade. Now looking for retest of zone here for more co firmation to upside. If not then ok. Actually could be forming a C&H on SPY!
Es still trading rangebound within this zone. Looking like ill extend it out now. Might have to wait for feds or china talks for a clearer long term direction.
The over night is balanced lower and has a massive trading range. So no real clear direction as long as we are inside this balance red zone. We could still see a test to 2946 the prior resistance area and is not bearish until we move back below that point. We have a non clear over night event and looks like we still want to discover higher and lower price and...
I've been trying to understand the recent 2 years pattern. The more I study complicated waves, the more this is starting to make more sense (Sort of). The question is: Did wave D complete, or does it need to hit it's target of 3100. The most difficult thing about placing a trade is TIMING. TiC ToC.
ES still in the zone from post yesterday. No breakout yet. Although made for an excellent PUT play on SPY entering right at market open and scalling in on ema rejection. Hit the bottom spot on for thee easy sell. We see our EMAs never broke bearish below the 89 day ema trend. Looking rangebound for now.
Hard to call a top after such run and so close to ATH, but there is a clear structure - so clear it could not be true - calling for a reversal here. The move since the august bottom is a three wave correction with every subwave in place. The last two days are forming a small ending diagonal (red trendlines), which usually finish with a "throw-over" outside the...
Overnight is bullish balanced looking like it wants higher. On open looking for a pull back to the 86 area for a turn back north, if a open push up then will be looking for higher level pull back area to trade from. A drop below the red zone could start to show a pull back to the old resistance area and that again will be a very critical spot.
We broke above balance - and if we double the range we can get to around 3050 and still hold the upper range ot the megaphone
After news broke that Trump had secured another China trade meeting for early October and solid ADP numbers we broke the range we traded in for August. Non farm payrolls was a miss but not bad enough to fall back into range. Fed Chair Powell's comments shortly after the non farm payroll miss eased concerns and setup another potential rate cut in two weeks time....
S&P Futures opened up green but not by much. Looks to be losing some momentum. Watching this zone for break above or below with support/resistance targets above and below. Expect this to trade sideways .ahority of night and a good tell of direction at opening bell. Money Monday is here!! Start your week of GREEN everyone!!
over night is a balanced long look inside a top consolidation so looking for a move out of the red zone, will trade a move out and would be great if it comes as a impulsive move.
As stated yesterday I mentioned we are poised to move higher and in the overnight we did just that, and the identical structure is shaping up again so if not in the days session the over night tonight probably takes us higher again. we have a 25 point consolidation range that might give some nice trades and will be looking for 2 things today. First a impulsive...
The last two day have set up a nice possible trade set up and requires some close attention. What can happen for many days can be determined based on what way the market breaks from the last two days of trading