Brodeur

Brodeur

I hink we draw down to grean BISI FVG area on daily. Daily: If it breaks below second orange breaker bar we may see next target 27406 second target before breaking out of Daily Breaker bar. If this breaks we se continuation down to higher time frame bisi. May possibly see a good target at SSL around 27126 15m: 3m:

Brodeur Updated 

Short term bullish; Long term bearish. Last week was confusing when looking at the micro indications. Taking a step back and re checking my technicals. Yellow target has not moved from the 3900 supply area for the last two weeks. This area is a major trend target based Daily May demand zone -- retested on June 27 to set Supply / Resistance. Weekly high...

Brodeur Updated 

Based on Decision Point Charts multiple plots showing signs of being over sold. However, no charts have confirmed a reversal, we are still early. 1hr MACD is showing signs of strength building. Theory is that market has already corrected for the .75 news to show support when news breaks from Fed. CME fed report shows 90%+ support for .75 hike. Vix also...

Brodeur Updated 

Watching for consolidation at 3800 and 3700 level. Will continue holding Short Call position until reversal signs show back up. Will then go deeper into Short Puts. /ES -- Live Options Sold Call @4400 July EOM @ 17.50 (7.25) Put @3500 Juley EOM @ 15.50 (37.75)

Brodeur

Watching for consolidation at 3800 and 3700 level. Will continue holding Short Call position until reversal signs show back up. Will then flip these back to Short Puts to deepen position. /ES Sold @ breakdown Call @4400 July EOM @ 17.50 Put @3500 July EOM @ 15.50

Brodeur Updated 

SP:SPX Seeing overall seeing breakdown in demand for pushing higher. Starting on graph 4h we see approaching a heavy battle zone Resistance at the 4200 line. We see an ascending triangle with support at breakout above green line and resistance if it breaks down below red. On indicators we are seeing MACD showing a down trend signifying weakness in demand to buy...

Brodeur

Rising wedge forming after recent lows. Be careful on those long calls. potential setup nice for a mid feb fall before rate hikes in march.