YM1!
Update Dow future THis what I predict to dow. still there a one advance and the whole correction is flat.
Stock Markets Like to Double Top - Awaiting Secondary Top in ESI have been wrong. My timing is a bit early. The key here is to just trade what the market gives you, basically, continued up moves as it tries for a double top. This week should see the culmination of this short-term uptrend as we get a secondary double top and can begin a summer decline in earnest.
Is it a case of "Sell in May and go away!" ? If today sees a week session, I would think we might be in a case of "Sell in May and go away!"
The market gaped up last night but the job reports coming out at 8:30 will be telling a lot as to what direction the market may take in the next few days!
YM1! - Dow Jones - H1 - Head and Shoulders PatternYM1! - Dow Jones - H1
Wait for a Pullback and SELL on the 0.50 Fibonacci Level @ 24200$
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Entry: 24200 | Stoploss: 24325 | Takeprofit1: 23825 | Takeprofit2: 23600
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Piercing of 15 Min DownTrend 61.8% Line - Sell ES & YM on BounceMarkets move counter intuitively . . . The best lesson I ever recieved from a market watcher was when a daily or 15 minute trend pierces the 61.8% line. At some point, it’s only a matter of time, where that whole move will the retraced, in order to provide the opposite part with it’s owntest, that in turn, they will need to respond too. We had a minor selloff over the last week and half. That was responded to by the bulls, who have put together a good run from the lows. However, in early morning Asian action, we have pierced this 61.8% downtrend fib line. So, I’m calling my shot here. This market will reverse and will have to endure undergo it’s own retracement, testing the resolve of bulls in the face the highest unemployment numbers this country (world) has ever seen. The market is priced even more perfect than before, with earnings so uncertain, and stocks just ever so slightly down 15-17%, Nasdaq back to break even on the year, there is no way to justify any of this. So, mark it down. Sell now.
Another chance to sell ES and YM here. Deadcat bounce is Over!This brief break into highs during lunch hower should be faded. Same setup at the high end of resistance. Play for the Gigantic fall.
Many suggestion for DowI make the chart somehow complicated to be open to all available scenarios. Spend some time with these charts and if you have comments leave it below.
EUROPE wanted their chance to short ES overnight The 50% HWB short still held and was retested in Europe. Markets double top for a few reasons, not the least of which is that Europe wants their chance to sell major tops. Overnight, they took it up to the 2888 level. I expect that level to hold as we begin to sell in earnest today.
Did you seriously miss this triangle!Well, I do.
The technical analysis has many methods that could be followed to make money. Sometimes emotionally you attract to one method than others and here is the problem. I tried several times to use Elliot waves solely even if traditional classical analysis such as chart patterns are very clear. This triangle of them.
update DOW futurethe price retraced after five-wave declined from 24053. the correction wave about to complete. I recommend selling once the last wave unfolded.
Don’t Mind the Sunday/Monday Gap - Time to Sell ES and YM. . . ES has hit is 50% short based on Friday’s close. Time to sell your ES short NOW.
Sentiment on Gold is WAY TOO bullish short term The sentiment on gold and gold stocks is way too bullish for the short term. I am not a bear and I am bullish on gold mid to long term but gold has to flex lower to get the power it needs to get past $1800. If the stock market ) rolls over, which I think it will, gold will not escape the selling pressure. Then it will bottom and be ready for the sky rocket move everyone expects. Also, keep an eye on DXY. Any surge in DXY will send gold lower. Just thoughts ...
Current contrarian position with PUTS on GDX (15 May) as well as PUTS on SPY (June 19)
P.S. GDX is up 2.1% on the day... good entry point???
Disclaimer: The above is only my opinion and in no way can it be interpreted as investment advice. Trade at your own risk and do you own due diligence.
ES Short on DayTradeSunday night gap fill was close enough. Time to sell ES short. 2805.50 is the trade.
update dow futurethe vision is more clear now. the rise in dow unfolds as 5 waves and the correction wave is about to begin once the last wave complete. No action was taken only watching.
Dow Futures Rising Wedge IdeaFirst just under 27,000 then we tank
Simply based off pattern recognition, do not trade this.
The bear counter attack!Previously, we saw a bevel pattern on the Dow and SP. Now we may have the continuation of the bearish movement.
YM - e-mini DowJones S/R levelsHello traders,
Description of the analysis:
The market generates higher price distributions in rotation with the support of volumes. In the analysis, I marked the supports mostly on the first standard deviation of the volume profiles at the indicated ranges. Keep in mind that the red line is the price of the largest volumes on a given range, which means a fair price. The market often rotates around this price in a balanced profile. And when the s/r zone is supported by a fair range price in the past, the zone is more likely to react faster. The thicker the zone is, the more important it is. It always depends on market sentiment, because even strong support or resistance can be skipped without reaction, so always follow the money management and business plan. The future in the markets is always work with probability and money management.
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
