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Esmini

ES first target got hit!Posted this first target during the trading hours, we hit first target - 3650-60ES Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down, My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is. Then second and it was ideal target for the low of the year is at 3212SPX, will be very close if we see 3400 soon. - I do believe we hit 3212SPX at min this year Since my few weeks ago update, I have lowered my ideal target to 28 handle, 2855SPX to be specific! Now, if it really wants to extend, then my extended target is in 24 handle, 2410SPX if specific. But this update is not a long term update, so watching the numbers for tomorrow. There are some targets Im watching - 3685-3700SPX or my ES target for the wave 2 bounce at 3705-25ES. If we get above today's highs, then 3800SPX will be still in play, lower odds imo. Here is VIX chart, looking for 29 to hold. Interesting how its going down together with the market. The world is upside down now, nothing makes sense:) Please press that rocket button below, push this chart up for others to see. Also feel free to share my charts with anyone, lets get 1k followers, means my work is important for others to see.
CME_MINI:ES1!
by RealTima
26
ES the only bullish count I can come up withThis is the only bullish setup I can come up with if the price takes 3822ES The target is 3965, right where is the top of the trend channel is - Fits well with the fibs extensions To me the price has to gap up above today's am highs to have this pathway proven. Also wont rule out just a test of 3820-22ES or 3800-20SPX. I have also revised my SPX chart, see below, and it has to stick with the 3800 and reject for lower levels to be seen or it the move lower will be toasted. We are def in a window for a move lower/crash like or confirm the lows we have seen on Oct 2nd. I personally still in a lower lows to be seen camp and the low should come early Nov or can be stretched to Nov 21st. If we do start the move lower, it has to start tomorrow, Thursday the top!!! Im getting hit on weekly lotto puts due to sizing, I will do one more try tomorrow after OPEX and if we indeed see 3800 tested.
CME_MINI:ES1!
by RealTima
15
ES needs one more push, adding to my short position todayIm finally back home and rested. Hope everyone read my Sunday am update about holding the futs 3580ES open for a move higher, which we did. Question is will it take out Fri highs or it will make a lower high here. Watch this triangle to break, it will be a waterfall when it does. ES target is 3711 and ideal stretch to 3730 (must be rejected) I see some very out of the money put prints on SPY, like really deep down all the way to 170 level! Mostly 337, 339 and 285 and 345, lots in the middle as well. I expect this to start moving if not tomorrow, then on Wednesday. With the moon calendar it will get into a potential (key word here) crash starting the 20-21st. Watch the move down, ideally lasting into 24th low, then bounce and lower into early Nov.
CME_MINI:ES1!
by RealTima
11
ES bounced off the bear trendline we broke out on the 27th JulPerfect bounce off the support trendline Wont rule out it holds, but ideally we dip down a bit lower, next support is at 3668ES - I reduced my short position last night expecting 3765-70 hit, we got that! - Was able to reshort but smaller size at that level, happy with the result. - Next is to hold today and go up into next week! (it might still make a red close, but Im looking up for the next week) Mind your sizing on the long side! Have a great Friday! Dont forget to press that rocket sign below the post.
CME_MINI:ES1!
by RealTima
5
ES looking for a good size rally as longES looking for a good size rally as long 3600-11 holds We got expected gap up, now needs above the triangle. There could be another move lower into 3611-18 zone (ideally it was it after the open), should push to 3700+ from here into tomorrow. So far it hit 61.8 retracement from Sep 30th high, gotta be careful with sizing. Its not out of the woods yet, it will still print lower levels, but the price needs some reset now Have a great day everyone!
CME_MINI:ES1!
by RealTima
7
ES progress chartI slept in today and this is what I was worried about from my last night NQ update, the EOM sell: There is a chance we see 3580 level today and if it closes below 3600 I think we gap down and see another 100 points cut tomorrow am! Be really careful with sizing on the long side till tomorrow's lows. I will be all out from my swing MNQ short tomorrow and will be looking for a long if we see 3500 or below tomorrow. Since its usually doesnt bottom on Fridays, next week bounce should be muted imo but a drift upwards to the 6-7th high would make a perfect sense. Also watch out OCT EOM can be a good repeat of what we see now
CME_MINI:ES1!
by RealTima
4
ES stopped at its first good support trendline, SPX broke itCheck the orange line and see a link for the SPX chart below. ES stopped at the support trendline (we broke out from on Jul 27th and now re-tested from the top) Expect this to be a good support for at least this week. SPX already broke it but stopped at smaller trendline from Sep 1 and 6th lows. Apparently I can post 10 charts per day on this website and not more, so I will try to include links to my charts in my updates. But this is very annoying, especially on days like today, I need an interactive trading platform so we all can share our charts and chat during the day. I will do a separate SPX update with levels for tomorrow in an hour or so But want to mention one thing: - Usually the price reverses fully into Fri after the FOMC day. Tomorrow is a directional change till Fri, expect a good size bounce and then lower into the 27th low. After that low we should rally into early Oct high and make a final low Oct 28-31st (I will mention my main target in the SPX update)
CME_MINI:ES1!
by RealTima
9