As we saw today ES shot up as predicted to complete Wave 3 of the corrective ABC wave. Wave 4 looks like an ABCDE triangle, which sets up one last wave 5 before the downward trend begins. I am looking at shorting opportunities and I think there will be many fake outs at this time so I will trade very carefully and with great risk management. I expect choppy...
ES has shown a curved trend. This large period of stagnation has led price back to this trend line which I think will act as support for price. Daily chart
Hey all, ES looks like it completing its wave B of ABC retracement wave. This B wave was a complex TRIPLE WAVE combo including a ZIG zag, a ABCDE triangle, and another ZIG ZAG and during this time I believe a lot of stocks where sold by MMS, now it will be pushed higher one last time before downward Wave 3 begins. Comment and boost Follow for more analysis.
As an analyst, I often wonder if I get too much into the weeds (so to speak) at times. In the final analysis do those tiny details even matter? When you’re both a full time trader for profit, and simultaneously an analyst who shares one’s work publicly, often times distraction and multi-tasking is the enemy of discovery. Hopefully, this is not one of those...
After Market Structure Shift, it bounced right to the Monthly Breaker Block and started selling off to the Monthly Measuring Gap. Looks like ICT 2022 Mentorship Model to me. I want to see bounce to the 4232-35 level. This is 50% of the long wick on the down candle that touched Breaker Block. After that I want to see sell off to the Internal Liquidity level at...
ES inside the 4h FVG and 4h Breaker Block. Sunday Open: 1) Possible pullback to the 15m Breaker Block and bounce to the 4147-4153.25 will be great to see. There is 1h Breaker Block (4149.50-4153.25). Break above 4166 should offer the test of the daily Volume Imbalance at 4179.50-4185.75. 2) Failure to hold 4h Breaker Block should offer short opportunity to the...
Unfortunately this week I do not have the time to do a deep dive into the ES futures...suffice to stay, if you like being entertained...go back and review my ES Chart posts over the weeks. It's like watching stop motion animation as the only that has changed on the chart is the price action. PS: Next week I'll have more time to update my followers. Best to all, Chris
These are Todays NYSE:ES intraday Fibonacci Levels they will provide support and resistance
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
It failed to close above 15m Equilibrium. Perfect test of the 15m BB and 15m FVG. I want to see drop to the 4140 first before another big move.
Current areas of interest for $ES. Price may revisit these areas in future sessions.
Old Daily Volume Imbalance (4133-4136) became as support. Break below 4133 will open the room to the 4h Breaker Block - 4115.00-4105.00. Hold of Sunday Open Level can bring us to the 4167. There is another daily volume imbalance at 4179-4185. Keep my eyes on 4191 - Next BSL after break of the 4167.
SPY - Took a break mid last week from watchlists and trading. Looking at the daily chart, I am seeing a few things. We have a gap created, 2-2 reversal, and double engulfing weekly chart. Overall I think we are neutral/bullish from here, but one thing that concerns me is that gap to the downside. Monday I will be looking for a potential engulfing day if we can...
SPX 4100 remains the major flip point. Above 4100 we can see 4145-4150 and above that maybe test the daily resistance at 4200. With that in mind, it could get VERY ugly under 4100. A drop to 4000-3950 could occur if it doesn't hold. Good luck.
With recession fears growing, a lot of individuals are short here, and will accept a bull case scenario if we see a break of 4200, or a break of the February highs. Thus, what I'd like to see is price going up and taking out the February highs during either Monday or Tuesday. Then, on Wednesday, with the Core CPE data coming out, I'd like for that news to be a...
ES seems to be going up for its last liquidity grab as a 3 wave ABC zig zag structure before labeled in purple. After which it most probably get rejected by the high seller pressure in the 4200 region. and complete the 2 second wave of a larger timeframe and start its third wave downwards into the 3900-4000s. This wave 2 structure also helps destroy shorts...
I’ll get right to the point. NO Now granted, as the reader, you’re immediately drawing your own conclusions about that opening statement. You're probably thinking... The author of this post is obviously bearish and therefore has an agenda. Ok, that’s fair. Then indulge me as I explain, in detail , why I believe todays market participants and financial news...
Hey All, Here is an elliot wave analysis for the MACRO market structure also using SMC and supply demand. I see the ES going down to grab liquidity before it begins its wave 3 (black) upwards towards ATH. This coincides with 2024 election as well which will bring the stock market into ATH and then continue onward to wave 5 to break 5000s in the next years. Please...