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Es1short

S&P 500 struggles at the 1/4 Warning LineLet's not make trading harder than it is. All we can do is project - or read the Coffee ground. I'll prefer to use my projections with the Medianlines, using the Fork as my main tool. The nice part with this is, that I can relay on a proven framework with rules. Adding some risk & money management to it and the soup is ready to enjoy. So, I follow the same process with the ES. I see that price got rejected at the 1/4 line of the WL (Warning Line), and that price missed it to reach the WL1, which is a HAGOPIAN. That makes me lean on the rule, that price will go farther in the opposite direction than from where price came from (U-MLH). I outlined the scenarios with the arrows what to expect in the next weeks. Personally I'm overall very, very bearish, and I see the move to the Centerline coming. But this is just my opinion.
CME_MINI:ES1!Short
by Tr8dingN3rd
1
Cash Out & Enjoy the Trip The Market went through the $4165-$4200 resistance, as described in my previous analysis. We are still in a bear market, however, the short-term directionality is bullish. The price will probably try to break the $4400-$4500 level. The last four weeks have been incredibly strong. Money Flow Index (MFI) in overbought & Rising Wedge Formation. From my point of view, this is a bull trap formation. It can use the momentum to get to the $4500, which I see unlikely, but not impossible. I used the last weeks to sell and get more liquidity. Now I am just watching the price action. My Scenario: From 15/08/2022 to 01/09/2022 -> Upside to $4200-$4300. From 01/09/2022 to 31/12/2022 -> Continuation of the bear market / Target: $2,800-$3,500 in 12-18 months.
CME_MINI:ES1!Short
by GenadiYankov
ES1! - S&P 500 Bear CountThe 0 to 5 count is very helpful in determining the current state of Swings & Pullbacks. Any Swing or Pullback can be counted from 0 to 5. When 5 is reached, it restarts from 0, again to 5, just in the opposite direction. This count is most effective when you count the real Swings. By "real" I mean, if you follow these Rules: Up-Swings: A new high is CONFIRMED when the last low got broken Down-Swing: A new low is CONFIRMED when the last high got broken. Here in the S&P 500 we see 3 different counts. - grey = Pendulum Swings, the biggies - yellow = Swing count withing the Pendulum Swings - red = Pivot count within the yellow Swing count Currently we are in a overall down-count. Nr. 3 of the grey, Nr. 5 of the yellow and Nr. 3 of the red. So, a very good short opportunity. Another short indication is the nice dobule-top at the white center line of the up-sloping pitchfork. And finally the bear flag where you see the red 1-2 count. If all this fails, then we see a much higher grey 2,4,5 high count. Let's find out.
CME_MINI:MES1!Short
by Tr8dingN3rd