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...
DXY has tested 4h FVG which is lined up with 79% of the 4h OTE. I expect sell off to the 4h Equilibrium. And if it holds this level, it may bring some bulls then.
ES made a beautiful "failed breakdown" and squeezed the shorts for a huge run up to 4200. The purple main channel is now acting as resistance, along with 4200. If we can hold 4165 and base, I think the next 4200 test could see a breakout. Whether we hold or not, no one knows. But this is exciting! I will try longs around 4165.
SPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at...
I'm looking for possible MMBM in play for the remainder of the week. Reason being since the market opened on Sunday it has been seeking SellSide liquidity exclusively with today trading into a discount liquidity pool after the lunch hour. While certainly there is room for further downside expansion, I believe that the market could begin trading back into its...
SP500 / Emini / ES Hello traders, welcome back to another market breakdown. In this video I continue breaking down the SP500 chart with what I'm expecting in the upcoming week, month. Trade safely, Trader Leo.
- Both SPX and NASDAQ close right under resistance - NYSE:FRC potentially get take over by government that means it would likely get delisted meaning goes to 0 - currently neutral daily trend for SPY & QQQ need to see consolidation soon. retracement size will be key here
I’ve shared this chart with my followers for a couple months now. You can check my posting history to see how the forecasts have NOT changed, but the chart is filling in nicely. Tracking the minutia at the micro level has been maddening over the last month. In my trading room I’ve advised my members to focus on the intermediate term pattern depicted in the above...
I know a lot of people want the stock market to crash and burn, and for the US economy to go into a recession. Well here is my idea of what to look for in a short trade on the US500, ES, SPX etc. But be warned, after this tax drain, if the US Congress lifts the debt ceiling, your shorts will be blown out of the water. There will be more and more positive fiscal...
We are still ranging in this orange downtrend channel but still within the larger purple channel. We broke out of the uptrend that price was following since March, so where we go from here is yet determined. If the purple channel is broken to the downside, I believe we'll see some selling pressure, if we hold, I believe we can work our way above 4200. Price has...
I spend 90% of my day analyzing the various financial assets within my coverage basket. I produce long, intermediate, short and micro price forecasts for my members each day. On occasion, I make forecasts that are clear from an analytical standpoint, but are not from a real-world standpoint. The truth is, whatever the event catalysts are they always tend to show...
ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES: Recession/Depression 2023 ES:...
It is clear on one thing. ES is basing for either a large move up, or down. Which direction? Who knows. We just have to react when it does. You can see ES is still within this purple main channel but riding the orange trend down. We have already broken out of the main uptrend (white), which usually indicates price would like to retest the highs or make a new...
Is a rare event when multiple planets are aligned in the night’s sky. It’s rarer still, when their aligned, and visible to the naked eye, and on-lookers do not require the use of a telescope. Let me explain. My crypto currency coverage list (SOL, ETH, BTC and ADA) have been rallying and hitting some of their initial sub-divided targets higher where I would...
Will ES continue to break down the main channel support? If we do not hold 4150, I believe we will see a much needed cool off and a main channel retest around ~4120. I played a short overnight for 20 points for a measured move of yesterdays leg. I believe we will see a small bounce to retest the uptrend, then see continuation down to the main channel as we have...
On S&P 500 is nice to see strong buying reaction from the price 4154, there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptrend + Volume cluster are my mainly...
I do believe it's time for a slight cool off for the ES. The swings are getting smaller and we are getting tighter. Currently in a fairly large channel (main channel) but currently still in an uptrend as well. With the swings getting smaller, we will either break to the upside for a push above 4200, or break down for a cool off period back to around 4130-4100. We...