This is about what I have posted the last two weeks. 1. Kill the middle of the Sine-Wave 2. go up to the 1-Line (white, slanted) 3. and come down again. Take it as a potential, it's nothing more! P!
The rule of Hagopian says, that if price fails to reach the centerline, it will move in the opposite direction more then from where it came. I have observed this thousand times and the accuracy is insane. 1) the missing of the centerline 2) the start from where price came from...price went back further Now I'm very courious if there is enough juice left to break...
As I analyse the markets, I see a 1-Line-Trade Setup in the short term 15' on ES. I See two potential shorts: 1. back to my 1-Line-Trade (orange) Line and down or 2. filling the GAP and then down again Observing price action.
S&P500 - USA ECONOMY GLOBAL FORECAST!
I'm not one for bucking a major trend but I think that the recent action in the S&P deserves some attention. It doesn't take a genius to see that the S&P has been in an uptrend since the selling climax to begin the year. The most recent action, however, is cause for alarm. In Point #1, what you see are prices going above a previous level of resistance. Some...
I sold a 1800/1600 vertical PUT spread. If I waited till now for a down move, I could have sold it for a little more but I don't have a crystal ball. /ES definitely won't touch 1800 today because this level out outside of the level 2 lock limit.
The drawings on the chart catches the movements of the market very nicely. Yesterday, the close was below the mini- support (white dashed). A classical pullback to it with no continuation north indicates - ES will probably tank more...and the potential is down to the L-MLH. I play this with options - selling Call-Spreads or even naked Calls...always small...
Looking at the SPX, it has an upside bias as long as it continues to make higher highs and higher lows. The current rally off the brexit lows and pullback from the august high has a similar look compared to the rally off the feb low to april high to the brexit low. Both periods seem to have pulled back 38.2% of the previous rally and looking at the X axis. The...
A/R & Forks catching the price action even on the 15' charts. Let's observe together what happens at the lines.
Price is nocking at the A/R set. Let's see how this months closing end... P!
overnight takes us to a no mans land, and will need some confirming info overnight inventory is balanced extreme, so thinking a open down move is primary thought as you can tell i go into each day with a few ideas and then take action on the one that looks the most likely to happen i have a 2137 upper and a 2131 lower, and in between, going to call it chop, or...
This is for the ES if using other products please adjust the numbers today Monday, 100% long overnight inventory, so first reaction is often a opening down move, this retrace should land at either 2156 or 2152 by 2152 is my over under zone, so lean long if remain over, and lean short if under targets on the opening retrace bounce are 2156, 62, 67 if we get...
As i mentioned the last weeks chart (see link below), we should now testing the L-MLH of the white fork. If we fail, it would indicate we are going lower then from where we came, so <2110. And if this happens, we see price below the centerline, then waiting for a test/retest and go short all the way down to the lower medianline parallel L-MLH. The fact that...
As we can see, price dropped and stopped right at the centerline AND the A/R set. The "normal" physical behavior of a rubber band is, to snatch back to the center. This is exactly what i expect here. As we know, price is reaching the centerline over 80% of time - OK, done. Now, the same apply for the "other" lines, the U-MLH, but also the L-MLH. My view is as...
...then shorts getting bagged very quick. P!