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Es_f

S&P 500 E-Mini Futures (ES_F) Correction in progressElliott Wave View in S&P 500 E-mini Futures (ES_F) suggests the rally from 6.15.2020 low has ended at 3226.25 high as wave (1). Up from 6.15.2020 low, wave 1 ended at 3156.25 high and wave 2 dips ended at 2982.72 low. Index then extended higher in wave 3 towards 3184 high. The internal subdivision of wave 3 unfolded as 5 waves impulse Elliott Wave Structure. Wave ((i)) of 3 ended at 3021 high and wave ((ii)) pullback ended at 2988.50 low. Rally higher in wave ((iii)) then ended at 3156.50 high, followed by wave ((iv)) pullback which ended at 3105.75. Wave ((v)) then extended higher and ended at 3184 high. Wave 4 pullback then unfolded as a zig-zag Elliott Wave structure and ended at 3105.25 low. Finally, wave 5 higher ended at 3226.25 high. This final move completed wave (1) in higher degree and ended cycle from 6.15.2020 low. Index is currently correcting that cycle within wave (2). The correction is unfolding as a zigzag structure where wave A ended at 3190 low. Currently, wave B remains in progress and will be followed by another leg lower in wave C. While pullback stays above 2982.72 low, expect the dips in 3,7 or 11 swings to find support for more upside.
CME_MINI:ES1!
by Elliottwave-Forecast
1
Futures headed towards 290'sA. After the huge dip recovery we see $ES_F, holding 200MA on each dip. B. We see the MA's converging and $ES_F honouring the wedge real nice. C. Markets trending sidelines and no real strength left. D. Banking flushed after the news yesterday (fed-puts-restrictions-on-bank-dividends-after-test-finds-some-banks-could-be-stressed-in-pandemic) E. Major segments taking an hit , one after the other. F. Tech's holding the bullish trend. What can we expect? a. Break of 200MA and downtrend towards 61.8 (2939) b. Consolidation at 290's levels. c. Reclaim of 200MA before we see more flush.
CME_MINI:ES1!Short
by Echelon1
Taylor Technique ... Raschke/Connors 80/20 ES_F YM_FA little something to put in your toolbag... The fade this morning falls in line with the Taylor Technique for swimg trade fades of previous days highs/lows when the previous day opens in its lower/higher 10% and closes in its higher/lower 90%. When this occurs the retest of the previous day hi/lo is likely and IF they fail to hold a fade is likely. Raschke & Connor modified it to 80 & 20% i believe to create more trading ops. Google it. I track these levels on a daily basis with a fib tool marked at 80/20 (yellow lines) Yesterday the ES & YM both opened in their respective lower 20% and closed in their respective 80% The RED line is the previous day high. Note the YM tested and faded while the ES was unable to retest setting up the bearish reversal resulting in an intial 250+ pt ym and 30+ pt es move. I trade the ym but watch the es for signals. These may have occurred on the nq & rty as well but I dont track them.
CBOT_MINI:YM1!Short
by L_Abondant
2
S&P500 Futures ES_F - Flipped the breakerES_F defying all odds even in the face of enormous p/e and peg valuations. I find it a bit concerning that the market is pricing in pretty much zero expectations of growth loss for the major S&P 500 companies and I fully am watching for a rug pull if fundamentals ever catch-up with reality. Headwinds of decreased productivity from social distancing, decreased globalization, decreased GDP and consumer spending, increased cost, potential increase corporate taxes to fund deficit, will cause ripple effects not seen in the market. Regardless, as a price action trader all i see is bullishness. Shorts are being squeezed and FOMO is happening. From a price action stand point, we bounced strong from the bullish OB after tapping the .618 range. I previously shorted the bearish breaker and we’ve broken past it and turned it into support. Expect an easy test of recent highs and likely a push past to squeeze out liquidity. I’ll be watching above $3k for any reversal signs and if we start to get to a cycle market top. Keep an eye out on the daily 200MA. Long for now. Matches the thesis I’ve published regarding NQ also pushing to fill the gap.
CME_MINI:ES1!Long
by TheGoldmanStacks
ES: Cycles argue for a downturn next weekLooking at the cycle from the high to the primary low in February, we can see that if we extend the cycle turns they do a pretty good job at picking inflection points. Furthermore if we take the timespan from the high in January to the low on 23rd March (depicted in orange cycles on top) we can see that the length of time for the impulse lower is almost exactly equal to the length of time of this correction higher from the March 23rd lows. Very good symmetry arguing that we have seen the interim high and that ES should be heading lower into the next cycle turn in Mid May.
CME_MINI:ES1!Short
by torquio