today will be looking for a drop to 2974 and then a move back higher staying inside a sideways structure, below this level back to yesterdays low is very possible. a move above 3001 would be very bullish and would not look to short peaks but get long dips. Will watch for impulsive moves to take trades off of.
Today being a FOMC interest rate decision at 2:00 EST I will be not making any trading calls, believing it will remain range bound between the top and bottom blue lines. I will post live if I see any trade during the day.
Today has 2 possible openings, 1st is a gap and go to lower levels, and watch to see how 3000 reacts tot eh market, the other is a pull back to 3011 area and then a further move down to test some of the lower levels marked. I will be watching at open to see if we test higher or just drop, and from there will watch the marked areas and find a trade based on this...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and...
Main price move I expect down. If I decide to trade, I will open only short position. 3027 is a nearest hour resistant. Best entry point for me is just little higher than 3027, also I need high volume on bar up and next bar must be down. Only in this case I will open short. All trades I open between 9:00 - 11:00 AM by Chicago. If you like this analysis, push...
The market is resting comfortably near session and all time highs, and looks to have a neutral boundary between 3016 and 3023 this area will need to be violated to get any type of directional bias today, so today will be waiting for open and see what info I can prick up from the open. After seeing if we get any new info I then will provide more details to my...
Es is 3 points higher than all lines shown, over night is long and in balance so my first idea is a pull back to composite balance and then a move higher watch the red break out zone for rejection. The alternate idea is that we open and remain balanced around the overnight trading levels. In this event will be long bottoms and short tops.
So this premarket drop has messed up my opening plan so will have to adjust a little to take in this action. will be watching the Red boundaries very close today for direction. a move up could take us as far as 3044 or to the over night high, but this could be rejected hard so take teh profits when you can. a break below the low red line could have the market...
over night action very balanced inside the top of a much bigger balance and this is either where the markets decide to travel back through the range to the bottom or test the higher levels. will be watching the area above and below the red boundary lines to pick up a clue to what way the market wants, Above will favor longs and below favor shorts. Watch for fake...
today the over night has been on a sustained up move and will probably just keep going, will look for a possible small pull back on open or a impulse up. on the pull back 2990 to 2995 area will look to get long, and also a rest after the opening impulse up will be my two spots I will be looking for. (Today we adjust 3 points higher for ES numbers). All target...
High probability trade
overnight had mostly buying to higher levels and would think some of this would burn off in early minutes down to 2976 (plus 4 for ES all numbers) at this point will watch to see if we can get a bounce and get back above the 2987 area and if we do will be looking to the long side. and below the 2976 will be leaning short looking for good shorting spots. if we...
First, we are going to start with the Daily Analysis Main Items we see on the chart: a)Price is inside an Expanding Triangle b)Using Elliott Wave Theory to understand the formation of any structure, we can see that A B C and D are already formed, continuing with Elliotts Logic an E wave is remaining, this Wave theoretically should make and impulse towards the...
Please provide a meaningful description of what the fuck ur chart says. NAWWWWWWW
Today the overnight action is not very balanced and is looking for a higher and lower chop so will just look long above both and short below both, and trade the range when between, so looking above 3004 to lean long and below 2993 to lean short. Targets are marked. ES # adjust these value up by 4 points
In a previous post I talked about this being a risky time to buy for a long term investment in the S&P, Emini, SPY, or MES. Despite what the media may want you to believe - this market is no longer in a strong bull trend. If it was, prices would break out strongly above previous highs. But what is happening instead? Prices go mostly sideways to down,...