Here we can see the market retesting support after failing to complete the 5th wave targets in the sequence. To put it simply, since Mueller has been cleared we have the fuel but anything beyond to the topside seems very difficult. I expect bulls to come in over the next few sessions and clean the 5 wave sequence. A break of 2800 to the downside would allow for...
Heres the key levels I have highlighted for the week ahead on the ES futures . A very strong gap up this afternoon, providing for some bullish setups. For now the market is consolidating at the 0.27 fib extension and the 2860 resistance region. Above there we have the 2878 topline and 2900 key level. However if we do see a retest to fill this gap early this week...
Looking like a good short scalp to take in the current sport for ES considering the daily move to the high was lost with the sharp move down two Fridays ago. I believe the daily level at 2756 is a realistic target but even if this is not hit the first local target at 2817 is a fine spot considering the risk reward is on point.
watching these levels to hold or reject for my day trades. you can also get real time trade signals
Last week's call had me nervous for a second there. A very chaotic week, but I had several opportunities to put on a couple positions. Hats off to anyone who waited for that upper expected move. (two opportunities) Large expansion for the expected move from last week to this week = expect volatility to pick up. Couple quick notes: - 10 yr / 3 mo yield inverted....
Pop and Drop likely. Target $2842.75 Gravity Point. Next week is a positioning week. A bigger move is likely setting up in the following week. Take off / Put on Risk above and on that Gravity Point. Price must be firmly and immediately rejected, if price hops above $2842.75 and sits on top of it for a couple days the probability of profiting on a short trade...
Short strangle on SPY with a short delta bias. The call is at 288 and put at 259. It is offering about 300$ in premium. My leverage on this is about 0.5x (account balance / underlying notional value). This is a somewhat directional play as well as a short premium play.
My thoughts on ES have not changed from the monthly close at the end of December. I am still bearish and not surprised by the price action as of yet. A suckers rally was expected with the massive red month we experienced in December as a good way to not scare people away and instead draw more liquidity into the market. The first major resistance zone I had marked...
For those that followed my prediction for the top of the market and the crash ( ), here comes the next step in the recession. Yes, we are in a recession. The bullish correction should peak at around 0.382 retracement. Follow the chart analysis posted. Have conviction and don't doubt the trend. I'll provide future analysis when we hit the targets provided above....
US tariffs on European cars are coming, retaliations will follow. Equities globally are starting to look very soft. For now we trade within this range, plenty of opportunities to the downside with targets at 2580. Best of luck.
If you follow my research, be prepared for an immediate downside rotation starting near March 5th ~ 11th that will likely result in a -5~8% downside price swing. This will NOT be the massive crash that so many other people are predicting. It will likely end as a momentum base setup near the -6% levels that I'm suggesting for the ES and YM. The NQ will likely...
TD 8 Sell Setup, so maybe 1 more day. Important earnings are coming out Mon (2/25) and Tues, most other earnings have missed so I don't see these being different. We also have bearish divergence, a weekly resistance and supply level, making for a great short setup.
No call this week. The Breadth readings on the indicators I follow are all still rising. The Sentiment indicators I follow are all beneath an extreme reading. The Technical indicators I follow are all showing resilience despite their overbought levels which only confirms the trend. The Economic indicators I follow are quite mixed, some are turning from bearish to...
I'm currently testing how balance areas work out and the 2way auction process. We've just moved out of balance and are getting higher again. If we test the last balance area and bounce up - the next resistance is around 2804-2816 (previous big balance area) If we fail and go lower - we will test the lower end of the last balance area at ~2680 We can of course...
No call this week Prior Week:
Currently testing the near term uptrend with an indecision candle on the daily again. We failed to break above 38 on three attempts. The market was muted to slightly down with JPow's speech in D.C. 2722 area is solid support and I like the buying that came in just above there. However if price can't clear 2726 and stay above 2728, most likely will continue down...