ES - Bearish Harmonic - Short Scalp Opportunity Downside targets on Chart.
See chart for analysis. -Looking fro buying opportunites with price inside demand zones. -Overall trend = uptrend + short term = sideways -Price above 200MA -Look for buys with Lower timeframe confrimation.
Bank Earnings have been great! Though, The market wasn’t overly thrilled about it. We believe this is due in part to the uncertainty it caused regarding the fed rate path. The bank failure(s) that occurred, and fear of continued failures, cast doubt on the feds ability to continue to raise rates. This elevated markets, in our opinion, in conjunction with...
CME_MINI:ES1! So I opened the chart at the weekend and flicked through the time frames and upon punching the Weekly I noticed the 21EMA and the 89EMAs were pretty tight. I decided the rest of the morning looking through the historical relationship of these two EMAs. It turns out that each time the 21EMA has come down to the 89EMA, there has been a violent...
Recently, the market has been reluctant to give back any gains over the course of the last three weeks. But is that changing now? Price action is a function of trader sentiment. Knowing that, every morning I wake up and ask myself, “WHY would any trader (fundamentally or technically) want to own stocks right here”? Seriously, there is no case to be made either...
CME_MINI:ESM2023 "Here is my game plan in case of bullish or bearish price action: my goal is not to predict the market but to follow the price action. I will not hold any position and will only scalp a few contracts for a few minutes or seconds."
ES - We heading to key resistance.... Can we break above 4170 and go towards 4200 areas? Highs: 4170 - Lows: 4100 Pattern - Wedge up side target areas 4200 areas... We just had CPI as we have dollar declining stocks rising higher time will tell... Trade your own trade plan!! Trade Journal
S&P5OO, Emini, ES, US500 Hello traders, welcome back to another marjet breakdown. In this video, I speak about the recent price action on the SP500 and what we could expect in the coming weeks. With every bar printed, new information is showen that can change the probability of each event. Trade safely, Trader Leo.
major resistance and supprt levels for today. like & sahe if find this analyses helpful.
Barring a major new event could this be our direction? Or with an equal balance of good and bad headlines..
As of right now I would say the triangle pattern certainly is the prevailing pattern thesis. A triangle pattern is one that neither gives bulls nor bears much hope or despair as it tugs at both camps because its range bound. For this trader, I would classify myself as bearish on the overall market, however that does not preclude me from getting long for profit. As...
If this is an Inverse Head and Shoulders chart pattern, 4200 is the target. What we need to see is the price get above the recent POC. Blood is in the streets. The Fed needs to get some new expectations out and deliver some news that comforts the market. Or this is their way of creating financial turmoil that gets job losses that crushes the demand. You choose...
SPY - We were spot on with our analysis going into today's session. Last night I mentioned that we had a strong close on the daily and weekly and that I wanted to see us push higher. We also stayed within a 1% range today as I had also hoped to see (.71% range total today). Didn't quite get the movement we were hoping for (Inside Day), but we still were accurate...
CME_MINI:ESM2023 Here are the price targets based on bullish and bearish price actions.
On S&P 500 is nice to see strong buying reaction from the price 4118 , 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... Strong volume area + Uptrend is my mainly...
ES now at pivotal area, 50% retracement of the down move at $4201.75. Staying neutral while paying attention to internals, news and data releases I believe will be just as critical as ever when attempting to risk in these markets. Strong candle formed buying all previous quarters selling from highs, so I do think there's potential for continuation to the upside.
Risk on is back and SPX will be climbing in my view
Beautiful setup today and was able to catch a nice price swing. Here was once again my thinking for today and my reasoning for entry: Factors for trade: Big London/Asian Session or Afterhours-Premarket run up. Swept liquidity(high of day, premarket high) bearish news