ES TONIGHT PATHWAYIm looking for3965 test and blast to 4015-20 tomorrow am.
4020ES and 4025SPX is a very heavy resistance, expect a rejection with some pullback and then another push to go over it.
Im lightly short for the 4065ES target, will flip long from 4062-64 level
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Thanks in advance!
Es_f
ES is in triangle, not looking bullish to my eyesI don't like ES and the NQ being in triangle, I think it will be broken soon.
Will be entering with short on the break, target is the same 3840-50 might even stretch to 3830ES.
Again IF we break to the downside.
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Thanks in advance!
ES very tricky both H&S and IHSI wont rule out a gap down tomorrow into the support cluster zone of 3910-50SPX.
ES has a small H&S pattern, visible on 5 min and bigger ISH, visible here.
Im not going to fight it when it breaks in either direction.
The cycle window for the low is today, it can stretch into tomorrow with lower lows being bought in am and rally all day.
This is my best guess for tomorrow, unless we gap up and rally all day as well.
Monthly closing resistance was provided in previous update
Must hold 3980 here again
Daily analysis & day trading setups - SPX500 SPX S&P500 20220829Happy New Week, Happy Monday,
4023 is the line in the sand. SPX is stuck between 100DMA @ 4056 & 50DMA @ 4000
Break of either will clear the direction
Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 4 041, 056, 065, 095
Reversal: 4 000, 3 982, 955, 935
Sell
Break: 4 000, 3 985, 956, 936
Reversal: 4 042, 055, 076, 095, 110, 125
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
ES to follow through the Fri moveI really want to see a low made pre-market and reverse into the open, that would be very bullish!
4160-75 is the main resistance one and one more to follow at 4200, that should cap any move up.
Going to buy longs tonight and exit ES short around 4k, if we get there.
I will be shorting that move up from 4160-70 and then 4200 for a move down to 3920-50.
Im thinking there is a good chance of this up move to be extened into the Sep OPEX after the upcoming low. Can get above 4300 again or make a lower low, all depends on how low we go on this move down.
Support is at 3990-4005ES for tonight.
ES AHs updatePerfect 4200 hit, I had few running from 4148, some was exited at 4172 and 80, one at 4196.5. Have only 2 left, will exit at BE or if we extend to 4210-20.
Im short NQ after the close.
Nothing broken, Im looking at it as another bear rally. EOM will be quite surprising.
Its def frustrating for many who short every top, have stops!!! Always hedge! If resistance broken, flip to the long side, its that simple.
My internet problems cost me 3k in un-managed stops, was able to cover half before the close, but still not fun
Tomorrow is a weekly closing, as well as PCE numbers, last 2 times we sold off hard on those, will the history repeat?
Im betting on down, bought some Aug 31 puts as lotto trade as well as I have NQ shorts running.
Its a directional change tomorrow, only 2 scenario, it will just continue the same pathway and we go up to close the gap or just open down and make a reversal.
Make your bets, I made mine. Its a game we all play, never 100% but must win more then loose.
Again, always have stops!
Will do SPX later tonight, when I see updated numbers and cycles.
Daily analysis & day trading setups - SPX500 SPX S&P500 20220824Happy Midweek, Happy Wednesday,
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 4 125, 145, 160, 175
Reversal: 4 115, 100, 085, 060, 045
Sell
Break: 4 118, 106, 086, 062
Reversal: 4 152, 170, 187, 211, 243
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
ES has the same very visual bear flagI want to point out this bear flag, both on the ES and the NQ, perfect fib alignment into 12703-20 zone.
Tomorrow is a panic cycle day, will it be a gap down and reversal or we just break down?
My timing for the low is still the 25th and possibly 29th
I like 4069-80 zone hit and hold, failure to hold it will get us down to 3930-50 zone before it's over.
ES gapped down as expected, must hold levels for tomorrowMust hold level for tomorrow is 4172-90.
We must penetrate 4200 or 11th low to mark the temp (if not maj) high on Aug 16th
Ideal target is at 4045-60ES on this move lower and the bottom timing is on 25-26th of Aug.
Rally after into the 2nd of Sep high!
I dont want to be long going into the Labour Day weekend; market, historically, tops around the Labour Weekend.
SPX next to update with detailed notes to those who are on my email list. Will update that chart tomorrow am here
SPX Choppy Friday :: Be PreparedBased on price action, it appears that SPX in a ABC (Zig-Zag) pattern. Ratios are shown. I am looking to take short positions around 4300-4308 and looking for 4225 tomorrow in 5 legs.
This idea is invalidated > 4310 and implies more of a continuation of the ending diagonal overall.
Daily analysis and day trading setups on SPX SPX500USD 20220816This is the first daily analysis and day trading plan for SPX. I am already publishing NASDAQ & DAX daily trading plans here >>
NASDAQ
DAX
Line in the sand for SPX is 4280 but 4300 is too close so it is more like a zone of 20 points which is quite evident. The hourly bull flag is still in tact as long as Demand Zone 1 holds.
Macro US Building Permits, Housing Starts, CAD CPI
Buy
Break: 4295, 4313, 4327, 4347
Reversal: 4279, 4262, 4253, 4240, 4216
Sell
Break: 4281, 4285, 4254, 4243
Reversal: 4316, 4330, 4350, 4374
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
$ES - What to do now?$ES - What to do now?
This weekend, I present you many ideas in various assets and here's one chart of $ES is last and its important chart I am keeping an eye on for LT positioning.
We've had great bullish momentum due to 'we are at neutral rates', CPI steady - For now and all data is excelling perfectly this week we do have FOMC minutes and as have US Retail sales. The key areas I am keeping in mind when it comes to fundamentals is the factoring in credit cards, has been escalating further and real estate is in trouble due to obviously high rates. There are many other bearish fundamental factors but then we have the bullish momentum side technically - ES is bullish and the fundamentals less rate hikes of hights 75 is less anticipated and further slow down leading DXY to pull back and ES, RYT, NQ & even looking at QQQ to excel further and this could be the bottom of 3700 areas for ES.
Technically - we are a trendline resistance which comes at the levels of: 4300-4200 areas. A key pull back towards areas of support of: 4180, 4000 & 3900. Are the areas I am keeping an eye on.
TJ