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ES Consolidating 7/15/2020ES at the 4 hour view. Resistance above held for now. ES is stuck since tech is bleeding, but financials and transportation sectors are rallying. That's actually a bullish move. ES may pullback since P/C Ratio is at below 0.65. VIX is also about to reach a support zone soon as well. That said, with liquidity rising and key sectors rising, ES may be setting up for another bullish run after a pullback. It may break resistance. Permabears may be crying, but they seriously need to look at the current data. It's not exactly bearish. Most likely, we may have a pullback. Bears will get FOMO and short. Bears will then fuel the next bull run by covering their shorts.
CME_MINI:ES1!
by Itsallsotiresome
ES Stuck in a Box 7/14/2020This is the ES at the 4 hour view. Banks earnings were today - especially JP Morgan and Wells Fargo. Why did the ES rally? FOMO bears. Everyone was expecting bank earnings to be bad. So, if everyone is already bearish , they already have short positions in anticipation of bank earnings . ES' projected supports were near the VPOC around 3115 or the flag support around 3045. It turns out to be the VPOC support. Bears who FOMOed got their shorts eaten from that bounce. Shorts were covering like crazy in both financials and tech. Eager bears are constantly hoping for the big tech crash and shorted either too early or too late. They got punished for being too greedy. ES is stuck in a trading range. Why? The ES will not fall until the NQ or FATMANG ( Facebook , Amazon, Tesla , Microsoft , Apple , Netflix , Google ) stocks fall too. Currently, Tesla , Amazon, and Netflix love their short coverings. At the same time ES would not sustain a rally unless the financial and transportation sectors rally too. In every economy, businesses need bank accounts and ways to ship/receive products. That's why those two sectors are so important. The ES and RTY's fates rely heavily on the XLF /FAS and XTN / IYT doing well. Currently, people view big tech as their "safe haven."
CME_MINI:ES1!
by Itsallsotiresome
SP500 still has room to the upside before declineNot much has changed in the stock market. We are still in the same range. Based on the rejection we got last week, we can expect SP500 to test 32xx range (possibly even higher to form a double top near 3400). Advanced Decline Line broke higher than it was at the beginning of this year. That is bullish for the short-term. Based on cycles, we can expect trend reversal to the downside after July 20. Intraday trading is still the best idea for SP500 traders.
S
by UnknownUnicorn1156963
Good start in SP500, but still there is no signal - here is whyWe got a nice rejection near the first level of resistance (I mentioned it in previous SP500 analysis). Sellers entered with good volume, but the trendline is still holding!! Likely there will be attempt to break it. There is a possibility to retest 2 important zones before this attempt - previous swing failure and yesterday's top (to form double top). Don't hurry with shorts, let this market do its thing, and form strong signal. One day with sell-off is not enough
FOREXCOM:SPX500Short
by UnknownUnicorn1156963
ES in a Bear FlagES pulled back today. Why? RSI was overbought at the 4 hour view. Put/Call Ratio was at 0.67 before the pullback. Below 0.75 is considered overbought or a bit extreme. You know what's the crazier part? TVIX was delisted on July 12th. I guess Credit Suisse knew... ES is in a bear flag right now. ES and RTY's fate rests in the XLF and XTN/IYT. If financials and transportation do not rally, then there will be no bull market. Banks earnings are tomorrow. The ES is in a bear flag at the hourly now. That pink line is a historical resistance. My guess is that the ES will find support at 3115 (near VPOC) and then around 3040 at flag support. They'll probably blame bank earnings for the second leg down. One of my mentors once said this. News breaks into the market cycle and not the other way around. Most news stories are just the cover ups or excuses by lazy, economically illiterate journalists. If you read the market cycles and the price action, then you can read the markets. Most news stories are just a costly distractions and a waste of precious time.
CME_MINI:ES1!
by Itsallsotiresome
July 2 to July 17 to end of month predictionSince the market is closed tomorrow, the first tiny bubble finishes at 1 pm eastern time. The markets looked relatively weak after seeing such a stellar job number, good job, Trump! I am looking for next week to roll over a little bit. I just tested out a Fibonacci fan, which we see around the 3111ish area looks like support. It also played the expected move on the /ES, so closing at 1 pm tomorrow that level is possible. Going to next week with an expected move on the SPX of 80 points, we closed at 3130 on Thursday. Assuming we grind down to 3111 area, that would imply a 20 point gap down for the SPX if we were to open Sunday at 6 pm. However, we trade overnight. By the time of the 9:30 open, we could be looking at down 30 handles—3080 at the open with an expected move of 80 points. I am looking to see the 3000 print by the end of the week. We have a gravity point of 2983 as strong support. July 17th expected move: 130 points. SPX at the moment is 3130, which would point this week to end at 3000. Keep in mind. Ending the week prior at around 3000. Look for this week to start off down, but saved by the 61.8% Fibonacci at 2930. Bottoming here look to rally 70 points to finish the week at 3000 on the money with the expected move. So that is my outlook between now to the end of the 17th. 3111/3060/3000/2983, then from there, look out below! After the 17th, it's hard to predict; however, I don't think we fall on our face. 2930 held back on June 15th, and we hugged that level in the middle of May before this rally. But I think we can touch it for sure before the 17th but bounce hard off it. I would love to see us fall after the 17th, but I think we will remain in this box for at least the month of July. Let's look at the end of the month and see how it goes.
CME_MINI:ES1!Short
by CTexplore
1
2975.75 is the key level to watch on the e-mini S&PFor the week ahead, the 2975.75 is a key level to watch. If you notice my annotations, I am indeed outlining that there are two possibilities for price to play out. We're not here to make predictions, but the observation of how price plays out along this level is very important. Fundamentally speaking, the US is potentially in the second wave of the COVID-19 outbreak . If we're seeing more states follow suit in delaying the reopening or restating the quarantine protocols, this will surely send the ES lower as there be negative economic indications from this. The 2975.75 is such a critical level to watch because the last time price sold through this level was on June 14th. Price broke through this level and then quickly traded above it. If price breaches this level and sustains to trade lower, we just broke a major floor.
CME_MINI:ESU2020Short
by FinancialGamblR
Alpha Capital Wealth South Africa Sp500Daily view on Sp500 valid for June - July Advance targets Possible Adam and Eve top formation pattern Descending triangle We might dump / drop on Sunday / weekly open Possible targets : 2935 2800 Spy bottom gaps Spy closed lower than Spx From what we have noticed is that whenever Spx closes above the spy close we have a sharp fall in prices on the open Should history repeat itself we would see accelerated selling heading towards the rally start low around 2935 We have noted that was institutional buying due to the fed announcement regarding corporate bonds That area should provide at least short term support with upside targets of Friday’s closing price 3009-3014-3040 We have also noted that we could see a retest of 3040 and Friday break down candle if we can find support above the 200 daily moving average We have broken the March low trendline that has upheld the market since the covid crash We have broken the weekly falling wedge pattern We see an accelerated rise in covid cases world wide Fear has returned to the market space Should 2800 fail to hold we expect lows between 2700-2790 We will be bouncing but direction will lean bearish Currently the weekly candle is a inverted bearish hammer candle The monthly candle closes on Tuesday 30th June 2020 and is currently very bearish which will then lead to lower prices and things could accelerate to the downside as lockdown regulations increase globally due to covid Technically We are leaning bearish We see further downside Overral bias is bearish We expect bounces up to $50-100 on sp500 I hope this helps you guys Remember risk management is key Do not over leverage And only trade with money you can afford to lose The current market conditions are not advisable for novice or junior traders If this helped you Kindly click the like and follow button Happy weekend and happy week ahead
FX:SPX500Short
by Alpha_Capital_Wealth
SP500 IN RISING WEDGE THE SP500 future contract is trading in a rsing wedge and the volumes are quite low, I think that in next days we will see a strong breakout and a fall of the price, this V-shaped recovery will not last long because Covid risks are still high all over the world. Use a correct money management and check audusd because in this time they are correlated, if you look at my analysis on audsd (bearish view in mid-term) you could understand better the bearish view in Standard and Poor 500. Enjoy your trading!!!
SShort
by Dragon_Investments
S&P 500 LOW VOLATILITY (SP500VOL) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
SP:SP500LVOL
by Dinjin