If daily gap holds then upside targets *5021.5 then 5026.5-5037. For downside targets *4997-4991 and if that fails 4974 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish Follow Jbetrading on X for more in depth analysis across multiple asset classes.
Three weeks prior, the market completed a bullish leg measured move. This pattern is significant as markets often exhibit a tendency to move in pairs, a phenomenon observable across all time frames. This behavior is rooted in the psychological aspects of market dynamics, wherein the market tends to repeat actions twice. This concept is underscored by market...
1/22 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 4,860 Targets 4,882 4,900 4,927 Targets 4,740 4,792 4,746 Now trading at 4,880 Alerts You will receive alerts in this channel every time ES hits (2M candle close): Weekly opening 4,872 Weekly pivot at 4,860 Each weekly target. Side notes ES is currently OTFU in all timeframes...
ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would...
ES has shown great strength lately. We've had a bull flag break, retest of that full flag, into more demand. I think we'll see a measured move.
Hmmmm. This doesn't look too good for ES if I'm being honest. I am currently short as of this morning.
ES Hourly Analysis - Bull Flagging into 4400 Price action was quite choppy today and was hard to read. When that happens, it's best to just step away and let price paint a picture for you over a period of time until the direction is clear. That is exactly what ES has started to do. On the 2-5 minute chart this looks like a mess, on the hourly, it's painted a...
ES Hourly - Simple Analysis. To keep it as simple as possible: 4365 is a key level as clearly depicted. While we are below it, there is bearish sentiment. Above it, bullish. ~4345 is a one hour demand zone because this is where price was able to fill the gap, while also having a strong push above a previous high and breaking above prior resistance. Price has...
Quick ES Daily Analysis - Bullish/Neutral - Building 4 Hour Bull Flag into a Break and Retest Thursday & Friday we saw a nice rejection off of 4430's backtest. Now we are at a recent break and retest level of 4340-4350 that was resistance for about 3 days from 28 Sep - 02 Oct. I'd say if we want to see more upside, this is where bulls need to hold in order to...
ES Hourly ES has shown strength by holding 4300 and: 1. Filling the gap 2. Breaking previous highs From here if we want to continue the strong momentum we would need to 4345 area hold. If we can't hold there then another test of 4315-4300 could be at play.
10/9 Weekly Plan. ES Futures December ESZ2023. Weekly Pivot is 4,350 Targets 4,448 9/20 gap top + prior 4Wk balance HB + 50% ext of 10D balance zone 4,494 prior 2 months balance hb + prior 5 Days balance low 4527 weekly vPOC from 9/11 Targets 4,314 10D balance zone half back 4,256 unfilled opening range dominator from 6/2 ...
Two important levels for ES this week. 4300 and 4350. On the hourly chart the downtrend is still at play, but we have put in two higher highs, and three higher lows, which could be indicating a trend reversal to the upside. But taking any long position into 4350 is extremely risky, until we can clear it. Also pictured is ES's 10k tick chart, which typically is a...
All in all, the goal is the keep trading as simple as possible. Here is a blueprint on basic levels to look out for, and the respective profit targets.
Hourly analysis - Start of trend continuation? For the first time since 15 Sept - ES has broken above an hourly supply level and swing high while also defending 4335's breakout level. This could very well be a trap or the start of a relief rally/continuation of the 11-month uptrend. Levels to watch: 4420: This was ES's support 4-5 times before breaking down to...
ES is at the very bottom of it's daily demand zone which was tested 18 August for a 195 point move before continuing lower. while we are also near it's breakout level of 4335. If we break below the daily demand and can not reclaim, I do see us making a move to the levels below. If we see demand step back in here for a relief bounce, I could see a target of 4420...
SPX 4400-4355 is no mans land. Below 4355 we're in free fall territory to 4300 followed by 4250-4200 and extreme 4175. Above 4400 we can test 4450-4460 and over that a squeeze potential to 4510.
4400 remains to be the line in the sand. With CPI on Wed, the targets below are 4375-4350. Above we can test 4440 and over that 4450-4465.
nice little hs and out of trend line down to 4330 we go vix looks nice to closed gap and dubble bottom