The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...
After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are: If defending the previous day's low: 17761/17863/17996 If falling below the previous...
After the initial balance, we see that the index continues its weakness and has broken through the 1 Bouhmidi-Bands and the point of control (POC) of Wednesday . Today, the previous day's low and the 1.5 Bouhmidi-Band converge at 5138. A test of 5138 is possible with even a reversal towards the BB range. I also now include TPO charts
S&P 500 fell below the important level of 5200 and below the lower BB as well as the previous day's low after higher inflation data then expected. Now right after initial balance, we see a reversal towards the bandwidth. If the level is not reclaimed, the downward trend could continue today. The next targets would then be at BB (5148/5128).
VTYX is an illustrative case in the trend is your friend. VTTX warmed up on Frbruary 20th and went parabolic on the next day and then faded while the moving averages and VWAP lines caught up. This is a buyable dip. It has now printed a couple of engulfing bullish candles. VTYX did less than a full 0.5 retracement as a sign of strength. I will take a long...
One hour to go buyers fight for 1.5 sigma upper Bouhmidi-Bands
SPX starts with a gap-up and initially fails at the upper #BouhmidiBands. After the initial balance we have seen a breakout above upper Bouhmidi-Bands and now reverting back to bandwidth.
TSLA is shown here on a 15 minute chart with a set of anchored VWAP bands. A relative volume indicator shows spiking volumes each and every morning and fades as the trading session wears on. Overall, TSLA trends between the upper and higher VWAP bands and their counterparts below the mean VWAP. Like most other stocks, TSLA has periods of ranging and other...
started around previous day high and is still trending sideways an hour after opening. A break above could continue the uptrend heading to new ATHs. Next target ist then upper #BouhmidiBands at 5028.
XETR:DAX - The gap-up at the beginning was immediately closed again. Yesterday's previous day's range was almost completely filled. A fall below the previous day's low at 16859 could accelerate the downtrend intraday and target the lower #BouhmidiBand at 16784 next.
S&P 500 starts sideways into initial balance. Levels I keep an eye on for today: Previous Day High: 4975,29 Previous Day Low: 4907,99 Upper BB (1): 4994 Lower BB (1): 4922
S&P 500 one hour to go. New all-time-high in the pocket but as mentioned agressive bulls out there today. Trend was confirmed through couple of indications: -starting above previous day high -Break of upper Bouhmidi-Bands (1 & 1.5) Currently we are close to 2nd upper BB - Here is where the party ends today.
One hour after opening we trade sideways above previous day high 4906 which acts as intraday support and below upper #BouhmidiBands at 4941 which acts resistance for now
Even if we had the FED meeting today - It was a clear and visible that selling pressure will lead the way. SPX started with a gap down and showed no attempt to close the gap at open or within first hour (initial balance). Right after intial balance we broke wit lower Bouhmidi-Band indicating more selling pressure to come. After two attempts to regain the first...
Adding the previous day's high and low (blue line) to the intraday #BouhmidiBands can provide further clues. At the beginning of the session we tested the previous day's high and did not overcome it. We wait for the initial balance until 16.30H.
AI's EUR/USD Falling Channel & Breakout Odds with Scalping Range D ear Valued Investors, Introduction I would like to provide you with an update on the trading bots' activity. They have been diligently following a short position initiated at 1.101, see the idea above the chart, and I am pleased to inform you that the trade has been successful, as indicated...
Volatility looks like it's forming an inverse head and shoulders, which is telling me that if price is to hold at the lower resistances, it should setup for a great long term buy and also start a more violent selloff in the S&P. I'd play this through options. If price holds that $20-21 region, then I think it's a good time to buy March 2024 calls or Sep 2024...
SP:SPX - Nice #BouhmidiBands reversal in play but watch out might see a pullback today