As the other 2 major indices (NQ/YM) ES ended the month very strong right at the breakout point of its flag. Upside price target is the previous ATH at 5721.25 and 6000 on a break of that high
Happy Friday. I believe today's pattern is a blend of yesterday's Top-Resistance and today's Flat-Down pattern. Because of this belief, I think we will see a moderate rally in early trading leading to a peak in price, then followed by a moderate flat-down type of price trend. This week has proven to be a bit more volatile than I expected, but it has not changed...
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Today's Top Resistance pattern should reflect a moderate price rally, leading to a peak in price, then followed by a roll-over in price before the close of trading today. Follow my research. Remember we are using my SPY cycle patterns to help guide our future and current trades related to price action. These patterns are not 100% accurate all the time - but I...
I like the structure. Set it and forget it. Will wake up with some gold coin. Or a Loss. Either way, if you have good risk management you can manage a good nights rest. Trade safe. Cheers!
Set the alerts. Set the brackets. Set the trade. Then get to sleep. Will we wake up with a win. I’ll dream on it. 1hr strong close up. We have a structure shift. My entry is set at the area of value where the un filled orders were left behind that originally created this push up. 2:1? 2.5:1? We’ll see. My data says 2.5
Yesterday's price move was clearly a CRUSH pattern I expected on Monday. Because of the holiday trading schedule this week, I believe the CRUSH pattern blended into Tuesday's trading - resulting in today's pattern being a blend of the Rev-Rally pattern on Tuesday and the Up-Down-Up pattern for Wednesday. Overall, I believe the CRUSH pattern removed a lot of...
Today's SPY Cycle Pattern is a Reversal Rally. After yesterday's CRUSH pattern (on the Labor Day holiday), we should expect the indexes to persist in a moderate rally phase (or melt-up) today. I believe yesterday's CRUSH pattern played out very nicely on the ES. Today's Reversal Rally pattern should result in the ES attempt to move back to 5653-5660. For the...
Summer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18. August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the...
Looking at the 4 hr /NQ I see a very Bullish pattern regardless of the anticipated events. Technically speaking you can see that big Inverse Head & Shoulders and a falling wedge on the potential "right shoulder" which serves as more confirmation of the bullish incoming trend. My plan is to watch the market on Tuesday and see what happens at mkt open and get in on...
This video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months. Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief. Yes, there is always a chance we will see some market event. However, to disrupt the US/global...
Today's SPY Cycle Pattern suggests the SPY will attempt to trend moderately strongly to the upside (if my research is correct). The counter-trend mode of the carryover pattern suggests the price trend will be opposite of the last 2-3 bars - so a potential upward price trend today. The carryover pattern suggests that price will behave very similarly to what...
If my move doesnt happen off of the newest demand zone I will be looking in this zone for entry. Trade smart yall! Remember risk managment is the most important aspect of your trading journey. Keep a cool head if you lose, and especially if you win!
Been a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many...
Today's pattern should play out as a reversion to yesterday's selling pressure. I did not expect to see the markets sell downward as hard as they did yesterday, but my systems were able to catch the downward trend well. As a trader and a researcher, I try to base my expectations on what I believe to be the highest probable outcome. Yet, sometimes I'm...
This is a classic bull market—smooth and trendy. However, it has become a cautious bull, moving within a much wider range, similar to what we observed after March. Especially in July and August: For the Nasdaq, it was down by 17%, but it has since recovered within a two-month period. Is this good or bad? It really depends on how we've positioned ourselves. If...
The SPY continues to slide into a sideways melt-up type of trend. Today's Inside Breakaway pattern suggests the SPY will attempt to move away from this consolidation range. Although I don't expect a huge breakaway today, I do expect the SPY to attempt to move up into the 563+ area, setting up for a bigger move on Thursday and a pullback on Friday. Gold is...
Today's SPY Cycle Pattern should reflect a decidedly bearish overtone to price action. The fact that we opened with a GAP downward and have waffled around just above yesterday's closing price does not really excite me. I see price failing and waffling around in "no man's land". This video covers the SPY, Bitcoin, & Gold. Stay agile. I see the markets rolling...