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ES nothing has changed in my view, setting up for a strong move ES nothing has changed in my view, setting up for a strong move down. Should revisit the Oct 13th lows at min on the next move down. It was a lunar eclipse today, was meditating during the middle of it, woke up 3am my time. Slept in am to wake up to this rally, now its fading. Markets usually either bottom or top during/around the eclipse days. I expect this to be over either today or by the 10th. Ideally we move down into the 10-11th and then one more up into the 15th
CME_MINI:ES1!
by RealTima
3
ES we got ABC up from Sunday open, SPX didntI posted ES chart on the weekend with the ABC move up, we got that, but didnt in SPX ES Daily MACD is around 0 and RSI is around 50, no mans land, unless its a retest before more selling. Im sticking to this chart for now and will add to my short going into tomorrow high (if we wont see one today) Its a lunar eclipse tonight and elections tomorrow. This will start moving hard very soon! Do not force yourself into a trap, wait for a setup and then take it. Im swing short and have a small protection for a move higher.
CME_MINI:ES1!
by RealTima
42
ES should retrace to 3750-55 and then another push upThis is how I see it going into tomorrow's high. I see a truncated 5 down from the recent highs and now we are in 3 wave up move to finish the wave 2. I do belive we have finished the A wave on Fri push into the close, now needs a retracement down to 3750 and another push into 3815-35 zone. Wave 3 should bring us down to new lows into 34 handle territory. Ideally we hit my 3212SPX target and mark the low for the year. I do expect a maj low to get hi next year, 28 handle and ideally 2455 SPX zone.
CME_MINI:ES1!
by RealTima
7
EMini /ES Futures Spooky Long setupFellow traders, If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000 This entry isn't prime quality - I would like to enter cheaper, in fact I may just wait for 3820, but price action doesn't look like it will allow it and I get a hunch we may move higher quickly. My confidence in the up move this week outweighs hesitation. Lets not forget the ghastly Fed meeting on Wednesday. Any shift in the Fed's ominous tone on the plan to increase interest rates in the future could create a lot of supernatural buying pressure - in fact that is what the charts are resonating to me. If it's a treat I'm in. I'll comment if I raise the order in the morning. The plan will be to leave it valid for 2 days, I'm sure we will get a quick flash lower to that level.. *nod to zombie news traders finding liquidity lower before the blast higher. Happy Halloween 2022! Trick-er-treat ES, you got Reeses Cups or Candy Corn?
CME_MINI:ES1!Long
by GrayTrader01
1
ES needs one more push, adding to my short position todayIm finally back home and rested. Hope everyone read my Sunday am update about holding the futs 3580ES open for a move higher, which we did. Question is will it take out Fri highs or it will make a lower high here. Watch this triangle to break, it will be a waterfall when it does. ES target is 3711 and ideal stretch to 3730 (must be rejected) I see some very out of the money put prints on SPY, like really deep down all the way to 170 level! Mostly 337, 339 and 285 and 345, lots in the middle as well. I expect this to start moving if not tomorrow, then on Wednesday. With the moon calendar it will get into a potential (key word here) crash starting the 20-21st. Watch the move down, ideally lasting into 24th low, then bounce and lower into early Nov.
CME_MINI:ES1!
by RealTima
11
#ES_F Fortune favors the bold long ideaA very volatile week as expected with CPI 8.2% print causing whipsaw action - melt down, squeeze up, sell off ... so now what ? Well with : - The short trade being over crowded by retail - Institutional inflows - The recent down leg and currently being "in the hole" - Technical support -Mean reversion to 100WMA (blue line) -Record number of long puts -CPI behind us and pretty in line with expectations (didn't drastically increase) I'd say aside from a complete crash - which I just don't see happening IMO - THE PAIN TRADE IS UP ... and think in the next two weeks we see a move to 4100 and am positioned Contrarian as it may seem, listen I'm not saying we don't go lower ... eventually... I'm just saying sellers are getting exhausted and don't think we go much lower in this hole ...i.e. Risk vs. Return favors the LONG And Fortune favors the bold ;) Cheers - Frisco
CME_MINI:ES1!Long
by FriscoTrades
2
10/09/22 ES Weekly SummaryWith the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the linked idea). I believe the downward pressure was influenced by news about “Nuclear Armageddon with Russia'' headlines that seem to be nothing more than a headline and price motivator. That being said - until we break the low of 3571.75, it would seem this selloff is now validating a much stronger bullish bounce (post coming soon about how I interpret price validation). I would not be surprised if the bottom starts to establish here. I would need to see daily closes outside the wedge to get aggressive about buying. For now I'm targeting shorts only and keeping my powder dry.
CME_MINI:ES1!
by GrayTrader01