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YM and ESThis is the immediate sequel to the previous post looking at the Dow futures, then we dabbled for a few minutes with the ES before we timed out. If you're confused, be patient and persevere. If you get a chance open up a clean chart and think through it as there are aspects to this analysis that can be helpful for you, and help you make distinctions in markets that would otherwise be confusing. There is a difference between clarity which I think is vitally important, and actually taking a trade. If you have clarity you're more likely to find a better trade decision. The first video was my attempt to show you what looked like a crazy, chaotic price dynamic's that was seemingly without any logical explanation... and then translated into the experience of buyers and sellers who can actually find reversals and yet they get trapped in the market. I believe some of these traps are intentional, and they are not random, and that you and I cannot because these reversals, but we can be aware that they are happening, and that if we are patient eventually we will come to a set up that will offer a decent trade with a decent target and the decent stop. Implied in this statement is the recognition that many traders make trading decisions that they feel are objective when in fact everything about their trading decisions is not objective at all, and they get blindsided, and actually attracted to markets that have a high probability of creating a losing trade for them.
CME_MINI:ES1!Education
by ScottBogatin
S&P 500 Monthly Analysis-When Bulls Get Tired, Bears Get Hungry Looks like the video didn't reveal my drawings as it appeared to during recording, so I've posted the weekly chart here for a zoomed in picture. An unsustainable trend typically results in consolidation or a reversal in said trend. The Month of September will be critical to the US markets, as can be plainly seen in the S&P 500 Futures chart. Bulls have gone from expecting an all-time high to suddenly hoping for an inside candle. As long as September closes above the weekly 50 sma, (2811) most long-term bulls will hold, and this bull market could continue to go extend higher. A close below 2800 will likely bring on 2730 very quickly. I personally expect we see the S&P 500 test the 2500's within the next 6-12 months (12%-18% drop). 24 ema - blue (thin line) 50 sma green (red) thick line 100 sma yellow (orange) circles 200 sma green (red) circles
OANDA:SPX500USDShort
by Red_Ben
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