A long signal appeared with zero warnings. Chart is a bit messy as I port over my systems to TV.
The anticipated inverted Head and Shoulders formation is taking place , use trailing stop to lock in profit on long position. April 12 post ============
The price approaches to the lower balance level (2533.25). And now we can try to buy from the lower balance level (2533.25) or wait for the false breakdown and then to buy from the lower balance level with stop under false breakdown
ES is gonna go both ways! I will look to buy at 2600 and sell at 2679, of course we will wait for the confirmation of candle sticks formations at those levels. The bias so far has been to the downside, so on a break of that 2600 i will look for a potential touch of this years low of 2531. So i will look forwar to get this after the long weekend.
We saw a false breakout of the balance and the price returned back into the balance For now we can wait for the retest of higher balance level and sell at 2785 with stop 2803,75 The target is the middle level of the balance (2733) or the low level of the balance (2696.75)
DOW and general market should break down beyond the most recent swing lows. Reasons: Short based on these factors - parabolic rise - anemic volume on weekly and daily charts - extreme overbought conditions on Composite Index on weekly charts - close proximity to .618 Fib zone on monthly and weekly swing high/low - pivot in time in Gann's cycles - new moon phase
SP500 continues its correction in a complex wave 4. A pullback to 2530-2480 area will present a great buying opportunity.
Hello everyone and welcome to my newest series of public posts being dubbed "The S&P 500 Leveraged ETF Strategy." Recently I became self-aware that I am watching too many markets which is causing expensive and often psychologically hurtful mistakes. By focusing on one instrument, The mighty S&P 500 , I am hoping to make better trading decisions and compound...
Here are a lot of lines cooking. According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork. In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline. A break of this dashed orange CL' would...
We saw a false breakdown of the balance and the price returned back into the balance (2722.5) For now we have 2 options for buy position: 1. Aggressive option - we can buy at point buy1 with stop1 2. Conservative option - we can wait for the retest of lower balance level and buy at point buy2 with stop2 The target is the high level of the balance (2753)
Can we see Nasdaq closing the week at a record high and S&P 500 breaking through the falling trendline and horizontal resistance? If not today, I'd be expecting this early next week. Hope we don't see a big red candle today as this would negate the view.
Short and Sweet. This gap is probably going to fill. +1 long 2690 Stop 2663.00 T1 - 2617 T2 - 2730 If you ride this trade out longer than this you are betting we will get through our directional pivot and that I cannot be sure of. But this gap is most likly going to fill. The context is way off. Goodluck! If you found this analysis useful or thoughtful...
If you followed my blog, then you know this chart. It's about Action/Reaction. What does it tell us now? Well, it's telling us, that price missed to crawl above the pink one, instead cracking the magenta reaction once more. This is a weekly chart. So the week is not over yet, but guess where price is likely to go? ...expect the white R-Line! P!
On ES the price breakout wide consolidation in the previous trend direction. Now the price returned back to the breakout point (retest). If the price will holds above 2753.25 (high level of the balance) we will buy (option 1). But if the price goes below the middle of the balance (2722.5) we will sell it (option 2).
I called for the temporary strength in wave (B) in my earlier post (see related idea). It looks like we are completing it and another drop down is just ahead. Signs of wave B soonest finish are: wave C in wave (B) already reached the 1.618 of wave A. Wave (B) has almost reached the 61.8% of wave (A). The second drop could be even faster as it will be wave (C)....
Following our previous post, it looks like "later" was the answer. (b) wave was short, even shorter on cash index, but second waves are usually sharp and shallow, so it hadn't time to develop a "textbook style" b. We approched the most likely stopping area, between 50% and 61,8% retracement. Our feelings is that it will try to reach 61,8%, surpassing the previous...
Here are the days trades that BigPOW generated for multi day swing trades, actually ES triggered yesterday. GC long FEb 8 at 1320 NQ short Feb 8 6475 ES short Feb 7 2684 ZB short Feb 8 144'24 will keep updating as new trades hit and watch these trades. BigPOW is new adaptation of the Day trade Algo