Es_f
My new indicator UP closes in the last 40 days ...My new indicator UP closes in the last 40 days ...
#ES breakdown of the swing trend line on the cardsES has been oscillating within the range, a close below the trendline will lead to a potenatial downside move
ES_F Pullback trade opportunity#ES_F has a low risk pullback trade opportunity here. 2745-50 are long term resistances and also upper extensions of long term composites. this has a likelihood to test 2720- 2705 on the downside.
/ES - Overnight SwingSimilar to my SPY analysis - i was a bit shocked on Friday and did lose on my puts at the 61.8% retracement level. I am planning to scalp this overnight and will sell after /ES reaches 24% fib retracement (2771-ish range)
If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the consolidation triangle.
Marking this neutral since it is a short scalp. I will update the chart tomorrow morning.
Bearish /ES CountThis is a possible bearish count, with the A wave going in so fast its likely the B wave is complex, we may see a C wave which will be a 5 wave structure down to finish this Wave 4 correction. Keep in mind this correction hasn't lasted very long, but anything is possible from here
so close to bearish but not there yetthis market looking more and more bearish and im not saying were bout to go into bear market but there a couple thing you wanna watch. 1. look at the longer tail candle from the upside, this show major weakness from the bull and they cant push the markets higher.2 spy stop at just below a major SMA. 3 stronger volume on the down side. we also have bad pr trade war, inflation. Again im not saying we are going in bear market but bull market is over but expect a down move coming
Rising wedge in SPX futuresThe SP:SPX / FOREXCOM:SPXUSD futures seem to make a rising wedge pattern. After this, it may make a C&H pattern to complete a bottoming pattern for the coming days.
Possible scenarios for SPXI think there are 2 possible scenario's for the SP:SPX on a bigger timeframe.
Note that this is pure speculation. Only trade after confirmation.
Scenario 1: Back to the previous bottom and then bounce back up to form a head and shoulders pattern. Break out to lower territory imminent after a H&S.
Scenario 2: A weak market will cause the resistance to break immediately. This is less likely because there are still enough buyers (especially on American markets).
I think the bull market is coming to an end with an approaching trade war and an economy that can no longer grow. This is purely fundamental, but the graphs will show us in the future if we are right or not. Remember, trade only after confirmation. The market can still go up!
SPX futures still want to go lowerSP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).
/ES Target I'm seeing two scenarios shaping up, we have either put in a leading diagonal Wave1 and we are retracing a wave 2 now,or the B wave of a possible ABC correction just completed with an ending diagonal. We are coming up to a critical level, the 50 and 61.8% retracement of the previous wave. We will know in the next week or two which direction this market is going. Keep in mind we have only been in a correction for around 150 days, very short considering the how long the bull run lasted.
ES_F Fibos and S/R works for effective ProjectionsES_F marked a low near the 161% retracement of the recent swing, until it holds below the pivot highs of 2750-60, which is also the recent pivot highs, there is a fair chance to test the lower range of 2705 ( previous pivot highs ) , 2655 (261% retracement levels ).
Although a prudent trade here will be to wait for a confirmation below 161% range or short in pullbacks near the resistance zones mentioned above
#ES_F marked pullback from exact retracements#ES_F pulled back from exact 76% retracements zone of the swing charts on daily time frame. Any pullbacks to 2760-65 can be shorted for a likely test of 2730, 2705
Trading levels for 05/17/2018Hey guys here are the levels for trading on Thursday, we had a great day on Wed, as i say yesterday R2 was a good level for shorting the market, that was our plan yesterday and that's what we did today, you can see our trades in our last post on the comment section. For tomorrow i will have to wait to see what happens overnight, there is a lot going on but if i have to make a safe call, i will say that we will be looking to take some longs. As always PLAN YOUR TRADE AND TRADE YOUR PLAN, and keep working towards your freedom.
K.R.S.
Trading levels for 05/14/2018Hey guys, here you have the levels for trading Tuesday, we had no trades on Monday as we were looking to short R3 but price never came close to it, there were some opportunities to short R2 and R1 but we didn't get all the requirement to take the trade, moving forward we expect a little more weakness, we will be looking to sell the rallies. If you are a long term trader the Gartley pattern is still valid. PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
Trading levels for 5/14/2018 + AB=CD + GartleyOk guys, here you have the levels for trading on monday, but i have also added a couple of levels that i think are gonna be key this coming week, one of them is the end of a AB=CD pattern at around 6695 to 7000, and the next one is a nice Gartley pattern formation at around 7020, i will add those charts in the comments section make sure you check them out, and what that means for us is that we will be taking some longs if we get some type of a pullback, and/or we will be shorting the market at R2 or possibly R3. As always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 05/111/2018Following the strength of Wed session, the nasdaq kept moving to the upside on Thursday. we had a couple of trades one scratch and one winner, if you want to take a look at our trades pls check out the last post. Moving forward i would like to see a pullback before taking any longs, and if price keeps moving to the upside i'll be looking to take some shorts. Remember to PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S
Trading levels for 5/10/2018Easy trading day for us, we had a couple of trades and the last one was not filled. if you want to see our trades, take a look at the last post in the comment section. Moving forward the 1H chart is a little overbought and we expect a small pullback, this would be good to take some long trades, in the other hand if we continue to see more upside we can take a countertrend trade and short the market, as always PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
Trading levels for 05/09/2018Buying the dips, that was our mentality at the beginning of the day, and even though we were expecting more volatility we kept our plan, we had a nice trade from S2 to YL, if you need to check our trades, they are in the last post in the comment section, for tomorrow we will continue to be bullish unless some crazy movement happens in the market overnight. as always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 05/08/2018Talking about contraction and expansion, what a quiet day in the markets, we didn't have any trades today, we were waiting for a little more upside but the market never moved higher. We should expect a little more volatility tomorrow, as always PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S
Trading levels for 05/07/02018Strong price action in the 1H chart, we would like to see a retracement into the PP or lower to get some longs, or if price keeps moving higher we'll be looking to take some shorts at R2 or maybe R1. We had an entry signal on friday morning but we were not able to get long, and after that there were no real retracements. As always PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S
