Assuming a top of some degree on Jan 29th, we are witnessing a trend change or a correction. In both case it shouldn't be over yet, and we'll choose one option or the other looking at the manner of this supposed decline. Short term, a couple of - opposite - option are viable: one that assume a surge above yesterday's high, and one that see that high holding....
There are 2 options in this case: 1. Trade from the balance level in the previous trend direction. (previous - down trend) 2. Trade after consolidation will be break up/down. Trade recommendations: 1. Sell after balance high level will be false broken. 2. Waiting for balance will go down then we'll sell it on correction to balance level.
The March S&P 500 Futures contract (ESH18) has finally had a pullback after months of no volatility. We had a -65 point pullback in ES and the VIX spiked up to 17.86. Where do we go next? The technicals are pointing sideways to lower, after smashing through 2805 which was the 20 Day SMA coinciding with the 0.236 Fibo retracement. Support Levels: 2755 - .382 Fibo...
People lot smarter than me saying this - this is what I see. Merrill lynch two Fridays ago said correction is on.
15 min bear flag, lots of selling to follow when it breaks down below the flag. Can either enter on break or on failed pullback retest.
Hello Traders! Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on E-mini S&P500 the whole 2018 year. Near month, Bulls can retest 2850.00 - 2900.00. Powerful Traders decisively, will take a long position for 2800.00 - 2900.00; "Short term target": 2800.00 - 2900.00. "Middle term targets": 3100.00 - 3200.00; "Long term...
Should see some bullish action today and into early next week. NOT TO BE CONFUSED WITH THE HIGHER TIME FRAME TREND. THE BIG TARGETS ON THE DOWNSIDE ARE IN THE 2200s AND THEN RIGHT AROUND 1920/1930. No straight lines. Just something to keep in mind big picture. p.s. we NAILED this short omg.
Entered with 1 ES contract today after market close. Initiated at 2600, stop 2571, target 2700. Playing for a 5-day bounce hoping that selling exhasted on the NY session. Fundamentals: Good macro data all over the place, earnings beats, steady investor inflows, and a nice reset to P/E ratios courtesy of the -10% correction we've just experienced. Technicals:...
Huge sell off on tap again. 2714, 2722ish and 2730ish is big resistance. I expect another massive sell off. It will 100% go test what was gained from this weeks low before any chance at new All time Highs. Short this pig.
Huge day. Buying 2718- 2723 for a scalp long. Back to 31-33 & 38-40 first target.
The VIX has been at all time lows. Be patient with these markets as the SPX continues to melt higher. Pullbacks in ES.H18 have been shallow and quickly bought up. Keep in mind to have any follow through to the downside, we will need a fundamental catalyst.
Very nice how price reacting at the Fork lines. The red resistance line must be broken first, not just pierced. The target is at least the Centerline. Let's observe together how this develops. P!
In my prior post (see related link below), I showed you how Action/Reaction works. In my Blog (see footer), I go over this in detail. Now price has arrived the the next Reaction line. This is a great time to observe from here, how the market reacts to this line. Will it trade through it? Will it be punched back and go south from here? Learn to earn - observe,...
For purchase — impulse in 1 week, 1 day — no additional sellers volumes in tue and Wed — Wed was closed without sellers pressure — 2681 - as a support + POC of WED and Tue is down Complicates purchase — restraining volumes on historical high 2696 — in 15 minutes 2672 was not repositioned up — weekly POC is under resistance of this week 2696 Conclusion:...
For some time now, the ES has practically done nothing but go up. The last time that I remember anything actually significant happening in terms of volatility in this market was election night, which was a minor hiccup & was followed by a full recovery the next morning. There isn't much to be said here, aside from the fact that the ES is at all time highs, while...
TDST support level at 2632 level could be a good entry long for a bounce up to 2656 MEJT target. The day has a potential to be an all day rally closing around HOD. Happy profitable trading ;o sp500daytrader
In a previous post, I discussed using a Fibonacci Fan to predict some levels the S&P might seek if and when we do see a correction. To make it clear, I'm not bearish on stocks. Eventually, we'll see a correction, and it'll be 'YUGE', but I doubt it'll happen any time soon. The reason I've posted this is to show you new traders that if you're doing it properly,...
Although I don't think the stock bubble is anywhere close to popping, I've used a Fibonacci Fan to draw some ideas for retracement if and when it does. I've used a Fibonacci Fan because it seems to capture the stock market's meteoric rise in between the 0.618 and 0.75 levels, even on Black Monday 2015 when Chinese PMI came in catastrophically below expectations...