We have one large gap above and 2 gaps below. As usual, 4300 and 4200 are the whole number support. Above 4325; we can go for the gap fill to 4400-4405. Over 4405 is 4465 Below 4300 is 4200 and then 4150 then 4100. Remember, the JPM collar is calling for 4500 above and then 4050 below.
Level : Current Balance 4378.50 - 4321.50 Resistance 4349.50 - 45.25 // 4362.75 - 59.50 Key Resistance 4378.50 - 74.75 Targets if accept over 4389.75 - 92.25 Area to accept over for continuation to VAL Support 4327.25 - 21.50 Key Support 4310 - 07.25 Targets if can get through HTF Support 4291.50 - 85.75 // 4272 - 65.50 Would need to accept under for any...
Here we are, seeing the projection I posted on my site and here becoming reality. P4 was slightly above the Center-Line. How price is falling through it. Next Target is P5. Either the Warning-Line, or the Lower-Medianline-Parallel. In between I expect a bounce up to the Centerline. Also, keep in mind that we could get a HAGOPIAN! That means, if price is not...
Recap Over the last week, I've consistently referred to a single trendline in ES - the core bull market trendline from October 2022 in the low 4300 area. This week, almost every significant move was related to this simple trendline. On Tuesday, we saw a hard sell on the failure of it, triggering a deep sell to 4235. However, on Wednesday, we rallied to 4304 high...
Recap Yesterday played out almost perfectly in ES. We had a big short squeeze after a final overnight flush, confirming our plan from the previous day. The final flush hit the 4230s, it defended, and then we saw a large squeeze to the 4304-08 final target. Today, we backtested the big multi-month support zone and ES put in a good green day with a large wick. The...
Possible volatility short/equities long shaping up. Still a lot of downside momentum/catching a bit of a falling knife + we'd rather see the NQ fill its gap south of 14400, but it could be time to start thinking about index longs given the levels both stocks and vol are approaching. Given that the Nasdaq still has further to fall before completing its gap fill,...
Recap The past week saw multiple failed breakdowns in the S&P futures market, with each day since last Wednesday offering actionable trading opportunities. Yesterday's traditional failed breakdown, following a significant low and substantial sell-off, resulted in a rally to 4335. However, the subsequent sell-off highlights the importance of level to level profit...
Oh my, I feel like a super Bear. Every Chart I see is creating a short setup. The S&P500 opened and close outside of the green L-MLH a second time. Chances that it will run up to test/retest it again are given by nature. But nobody can tell. So, I opened a small short position and I will track it closely.
My proprietary SPY Cycle Patterns are an advanced predictive modeling system based on Fibonacci, Gann, and price cycles. The most incredible thing about these patterns is they predict future price action/trends many days, weeks, and months in advance - very accurately. The accuracy ratio of the SPY Cycle Patterns is usually about 85 to 90%. There are times when...
Recap The action since Wednesday was further evidence of just how powerful simple technical analysis can be. Bulls put in a hammer daily candle right at 1 year old trendline support, showing the power of the bull market trendline connecting the October 2022 lows, with the March 2023 lows. This trendline was tested on Wednesday and resulted in a large bullish...
Levels to Watch - Resistance : 4378.50 - 74.75 Key Resistance : 4403 - 4392.25 Acceptance in VAL would be needed to regain strength. Support : 4362.75 - 59.50 - 55 Area maybe ? - Market is looking for good Support if can't say within/over the Edge then could target a move towards lower Contract Roll Gap with levels to watch on the way for Targets : 4349.50 -...
Recap The SPX market has been tracking seasonals with extreme precision. The last two weeks of September, which are typically the worst of the year, saw ES selling virtually non-stop from the FOMC last Wednesday until yesterday’s low. After a final flush lower, ES put in a violent relief bounce/short squeeze. This process tracked nicely from Tuesday’s newsletter,...
I believe price action will play out the way the blue bars are illustrated in the yellow circle. Will be looking for a short entry within the pink box range. A lot of people are calling for a counter-trend rally on the $NQ after this massive move down. But I don't think much more than a 1-4 candle correction will result. And as noted by my projection, I believe it...
Market as a daily FVG and retracement move started, Possible path shown in the chart
Recap The ultra-bearish confluence we found ourselves in last week has continued with the most bearish two weeks of the year seasonally in late September and the breakdown of the ES chart pattern at 4472. This has resulted in a sell-off with a major magnet at the 4335 level. Despite a brief green day and a 45 point bounce, further revisiting of the 4335 level has...
Recap Last week ended with significant selling, the most we've seen since the bull market began nearly a year ago. The selling was anticipated due to a breakdown of a triangle pattern after the FOMC last Wednesday. We experienced four consecutive red days, a rarity, with the largest red day since March 2023 occurring last Thursday. Market Gauge 🔴 Bearish The...
ES, SPY, Multi-time frame analysis. Welcome back to another market breakdown. Today, I've got an exciting video for you as I dive into the current state of the S&P 500 and explore various strategies based on different market scenarios. Whether you're an experienced investor or just getting started, this video will help you better understand how to navigate the...
Recap Mid-market update. Last week, the ES put in the first relief pop of the new leg down. More downside is expected this week. Last week saw a powerful confluence of FOMC, a major multi-month triangle breakdown, and the most bearish two weeks of the year seasonally. Market Gauge 🔴 Bearish The Markets Overnight 🌏 Asia: Mixed, China very weak 🌍 Europe: Down a...