Now that is a good sized down move that took out support and coming into more support. so further down is very possible, and on bounces the short trade is where I will be leaning the hardest. That being said do watch for strong reactive buying if buyers are found. Big one sided move the red zone has less value and will put more value in how the action plays out,...
This is a small possibility of this happening. As chart indicates, it did break trend before, and formed the W that pushed for the new highs. Well, maybe breaking the trend, and forming a W again, will let NASDAQ push for the 10 000.00 target we all have been waiting for. If one gets a very low entry, keep it till it reaches 10 000.00. NAME OF THE GAME IS...
The overnight sessions has been moving down and may need a bit of an upward resolution before finding it way further down. However in this crazy market look for strong action bast red top for a up move. This is a very large many day range and could play around anywhere in this range. watch for the big action then follow along but do not let bias keep you in a...
2202020 ES found a over night new high and is balancing in the top part of the big range. I will be watching for buyers to step in around 3378 but could let it drop as far as 3370 and still be top of range. Also thinking sellers will step in around the 3389 area and if above should see the over night high tested. Do not look for big moves during the day session...
bullish over night move inside a very big balancing zone so a break of red zone should take us to the outside of the balance zone to test the buyers and sellers in them areas. so above that is 3390 area and below is 3355 area. Until this area is cleared looks to be a back and forth of this big zone using smaller daily zones inside that range. I think we could...
Looking for ES to remain a back and forth trade until we can get a break out of this zone. there are many possible targets below if that side ever kicks in and lots of blue sky above, but both of these will take commitment after this range consolidation break. Be careful of a small break that does not find commitment and just returns right back into the same...
spx is about 1 point higher than ES so very close to same numbers the action over night is all long and finding a balance at the top of the over night action so my primary thought is long, however each day has been sold off till late in the day when the buyers step back in so be very careful. I will look for a early break out and then be prepared for the follow...
While the flag I mentioned for a few days broke out yesterday and is now balancing a consolidation of acceptance and is giving the impression the market still desires higher prices. I would welcome a test to 3340 for this spot to get long but that deep of a pull back may not happen. so second plan is to watch the break above the overnight high for a retest like...
Today there are many things that could be mentioned about the indices but the simplest is to watch teh red zone for a break or inside action. At this hour I do not have a leaning other than the flag mentioned Friday is still 100% in tack, so will take a strong bullish stance of it resolves upwardly.
-1 for ES futures line locations Over night is very bullish and running a balanced acceptance. so look for higher, but this could keep following the same past pattern and drop down to support before finding the buyers to take it higher one more time. Red zone bottom is yesterday regular session highs and that is the area I say should hold for the bulls or we trade...
For ES futures numbers reduce chart lines about 2.5 points. Most of the overnight action has been to the up side and looks like this marekt is the happiest when moving up. At the top of the overnight range the ES is accepting the current value, at least for now it is. I will be looking for a retest of the bottom of the red zone for a bounce or a breaking move...
overnight is all long and will be looking for a long trade but pay very close attention to the top red zone box, for a continuation to the long side this is the resistance range we need to break, so look to see if we power through or reject this price area. If market rejects without top range consolidation I will flip to looking primarily short other wise looking...
Es over night has moved to a lower distribution and if we do not get a move back up above 3260 then I remain bearish looking for further down into lower targets. Watch for a choppy action until the red zone break and then on a solid break that will become my primary direction bias for the day.
The over night action is all bullish but balanced so a break of the balance is needed for a trend trade, if not very choppy action. we have decent targets on both sides and will be letting the market pick my primary bias today. Good place is impulse, retrace to a level and then go.
we are playing in a wide chop zone that has lots of room inside to make for decent size trades, so that is plan a) nest plan is a impulsive break up and out of the Red zone and get long any retrace for a run to posted targets. and the same with ideas from the bottom if not already short from red zone top
NO need to point out the obvious so i won't. Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable. Maybe with no extra news we have a big range back and forth with some very spiky moves in that range. Will watch for break of...
over night action is bullish and with out news will think it moves higher so will be looking for the move down around the Red zone bottom for a long entry, A move below red bottom will take us down to one of the targets marked on the chart. Second plan is if we open with no drop will trade a retest of the red zone top or other decent pull backs after teh impulsive...
We are now in a un tested zone and looking for direction as the over night area balances. A break of the Red zone could see some sharp fast moves down to repair some structural damage. and holding the Red zone bottom looks to me that we will have some large range back and forth till a new higher level is found.