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Esmini

ES must hold todays lows or at least 3900 levelYou can see how close it is for a breakdown, this in idea should bounce into Monday and then continue lower. But tomorrow is quarterly OPEX and most of the hedges are going offline, so much wider swings should unleash. This has air all the way till 3800 on the ES, so be careful if long, get ready to flip if it starts going Main resistance and supports were outlined in my latest SPX update P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:ES1!
by RealTima
11
ES very tricky both H&S and IHSI wont rule out a gap down tomorrow into the support cluster zone of 3910-50SPX. ES has a small H&S pattern, visible on 5 min and bigger ISH, visible here. Im not going to fight it when it breaks in either direction. The cycle window for the low is today, it can stretch into tomorrow with lower lows being bought in am and rally all day. This is my best guess for tomorrow, unless we gap up and rally all day as well. Monthly closing resistance was provided in previous update Must hold 3980 here again
CME_MINI:ES1!
by RealTima
2
ES to follow through the Fri moveI really want to see a low made pre-market and reverse into the open, that would be very bullish! 4160-75 is the main resistance one and one more to follow at 4200, that should cap any move up. Going to buy longs tonight and exit ES short around 4k, if we get there. I will be shorting that move up from 4160-70 and then 4200 for a move down to 3920-50. Im thinking there is a good chance of this up move to be extened into the Sep OPEX after the upcoming low. Can get above 4300 again or make a lower low, all depends on how low we go on this move down. Support is at 3990-4005ES for tonight.
CME_MINI:ES1!
by RealTima
10
ES AHs updatePerfect 4200 hit, I had few running from 4148, some was exited at 4172 and 80, one at 4196.5. Have only 2 left, will exit at BE or if we extend to 4210-20. Im short NQ after the close. Nothing broken, Im looking at it as another bear rally. EOM will be quite surprising. Its def frustrating for many who short every top, have stops!!! Always hedge! If resistance broken, flip to the long side, its that simple. My internet problems cost me 3k in un-managed stops, was able to cover half before the close, but still not fun Tomorrow is a weekly closing, as well as PCE numbers, last 2 times we sold off hard on those, will the history repeat? Im betting on down, bought some Aug 31 puts as lotto trade as well as I have NQ shorts running. Its a directional change tomorrow, only 2 scenario, it will just continue the same pathway and we go up to close the gap or just open down and make a reversal. Make your bets, I made mine. Its a game we all play, never 100% but must win more then loose. Again, always have stops! Will do SPX later tonight, when I see updated numbers and cycles.
CME_MINI:ES1!Short
by RealTima
39
ES gapped down as expected, must hold levels for tomorrowMust hold level for tomorrow is 4172-90. We must penetrate 4200 or 11th low to mark the temp (if not maj) high on Aug 16th Ideal target is at 4045-60ES on this move lower and the bottom timing is on 25-26th of Aug. Rally after into the 2nd of Sep high! I dont want to be long going into the Labour Day weekend; market, historically, tops around the Labour Weekend. SPX next to update with detailed notes to those who are on my email list. Will update that chart tomorrow am here
CME_MINI:ES1!
by RealTima
7
ES AHs updateES broke the uptrend small channel off am lows, good sign there. Its also jumped out its upper bull trend channel, must watch for possible fake out. If it means business for the bulls, I will trade the re-test of the trendline in am. If you look at the chart, you can see that we hit 1.618 to the penny and the price is hovering right at the extension zone. I say it's a very important place to continue or reject, it seems we hit the wall here imo. Im swing short here and have no stops at the moment, will be watching for the breakout to hold or fail
CME_MINI:ES1!Short
by RealTima
1