Es_f
ES: Short the double topThere is a low risk short here after ES forms a double top. It should head lower from here
Weekly Analysis for #SPX for 15-19 March 2021Trend: Daily/Weekly/Monthly: Up/Up/Up
Super bullish week for indices except NDX. Continuation for the coming week is expected, isn’t it? However, we have important resistance just above.
3 possible scenarios:
1) As long as 3951-61.9 resistance zone holds, look for shorts targeting 3841-71 support zone. This zone should hold for a next leg up, to 4033.
2) We have a fast rally from open to 4033-61 resistance zone, by Tuesday or Wednesday, where we see a sharp rejection for a strong move down to 3871.
3) SOMEHOW (I can’t see any trigger except NDX weakness), we open in Globex and sell off start, target 3791 before a bounce to 3841-71 and further selling to 3739
IMO, scenario 1 is most likely.
16/02/2021 #SPX #ES_F $SPY 300pts Up, Then?US was closed yesterday, so was Asian session. Price opened and rallied and then ranged the whole time yesterday. We are at strong resistance and we are over-extended. Price hit my 3961.9 level and is coming down. On break of 3951, look for re-test of 3935 level. Since we went higher and get rejected for a move lower, might signal near term top. Break of 3951 can bring 3909.
SPX Topping?S&P futures hit the line that crosses highs since November and made a large outside day today (engulfed the prior 2 days). The day ended with a doji (not perfect but close enough). The trendline and candlestick combination suggest that this could be a top of sorts. View scandinavianmarkets.com for more commentary.
