ES UpdateTrump is obviously gaming the market, so there's really no point in even looking at charts or indicators, lol. It's hard to take him seriously now.
The gap will fill, maybe as soon as tomorrow morning. Then we get another huge pump sometime within the next week when he repeals the China tariffs
ES UpdateI won't be able to post before work, so here's an early update....
RSI is barely touching oversold, I expect it to go a bit further, but don't expect a tank. Probably a double bottom because the algos want their money back, lol.
Daily and weekly RSI also oversold, and the algos appear to be looki
ES 3hr UpdateNo idea what this market is doing, it wants the gap fill but can't figure out a way to get there, lol. It did fill the gap up from last night though.
Indicators are neutral, Powell speaks Wed, ECB meeting premarket Thu so I dumped my gold premarket today. Basically a wash trade, I wish I had figu
S&P 500 - Elliott Wave Bearish BreakdownThis S&P 500 E-mini Futures (ES) daily chart highlights a potential bearish Elliott Wave structure following rejection from a key resistance zone.
- The market encountered strong resistance near the 5,600 level, leading to a sharp decline.
- A five-wave impulsive bearish structure appears to be
ES 3hr UpdateRSI hit overbought so we got a dip. We may get another dip when MFI gets overbought today, or just a bigger dip if it hits overbought premarket. Will we get a melt up instead? I dunno.
Keep in mind that China still has tariffs, but also keep in mind he's going to do exemptions. So that rules ou
S&P 500 and Bitcoin are bearish. Big dump incoming.We bounced back thanks to Trump's bullish announcements but we're right back up at major resistance and we're moving sideways. With major resistance, you want to see price cut straight through like a laser. You don't want to see price hesitating. A bearish geometric pattern leading up to resistance
SPY Futures April 2025Trump imposes new tariffs on imports from China, investors panic, and the market chops. A good level to look at on SPY Futures for the next couple weeks is 5528.00. I believe a break upwards can give bullish investors some confidence , while a rejection could bring even more downside. If we break up
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The nearest expiration date for Micro E-mini S&P 500 Index Futures (Mar 2021) is Mar 19, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro E-mini S&P 500 Index Futures (Mar 2021) before Mar 19, 2021.