JPM is in a gap up after three days balance, eventhough, Friday´s structure is poor, for that reason if we have an opening drive go with the trend above 98,42 and the odds to fill the gap (99,16) are huge , if we get in previous range again at the open i am expecting 96,23 will be repaired
ES is opening in a range between 3250,25 (previous low) and 3288,5 previous pullback low, i want to see a break in any of this levels to get involve, i am happier with a break to the upside above 3288,5 because of the anomalies we are seeing in the market profile between 3297 and 3316. how ever, i am goingo to see with kind of opening we are gonna have to see...
MSFT is rotating between 203,37 and 207,36 ( this level is poor), for that reason the auction is not complete at the top of the range, for that reason i am not going to be confortable with a break to the downside, so if price open below 203,37 i am going to look for a price returning to the range
ES is trading at this moment below the late price spike from yerterday´s session (3270,75) it means this point is going to be our key level for today, below this level we are going to look for shorts, above this level we are looking for longs, how ever, i want to see what kind of opening we are going to have to decide which team i am going to join.
NFLX is in a 3 days balance, so we believe the stock is ready for a break, the odds are in favor of a downside break because Tuesday´s low is poor but any break will be good, just take the break
MSFT had earnings yesterday, and at this moment it is breaking two days range at 208,1 level ,so i want to see price holding below this level to take shorts until last two weeks low at 204,82 but a good target could be 205 level
We are in a 1,5% gap down and there is a gap to fill at 3297, so my first idea is a gap and go to fill 3297 area, if this happens i am going to be all day with the trend because the odds to get a trend day to the down side are high, the other scenario i am looking for is a balance day at this levels between the premarket low (3328) and Monday´s low (3356)
As volatility spikes worldwide we're looking for gap levels to see market reaction. Daily bearish trend and market fundamentals doesn't support going long at these levels, look how market reacts when trading there to take decisions.
Three possible supports on Exxon at COVID-19 lows, wait price acceptance at each level.
Price is out of balance but it is in range, how ever, if you see yesterday´s pullback low (3373) is poor and also it is in halfback, for that reason, i believe that price has great odds to repair that structure, for that reason, i am looking to get short below 3400 targeting that structure
Visa is closer to previous monthly low, for that reason i would like to get long in that place because it is a long term level and also Visa is reporting on wednesday so for me the odds to get a break at this zone before earnings are small
Price is in a gap down relative with previous range, eventhough, we still in previous week range, for that reason, for me we are in not trading zone, the situation will be interesting if price can hold below Thrusday´s low (3406,75) because it does mean that a big break to the downside is coming, how ever, the other trade i will take is if price return to...
JPM is breaking a 3 days balance to the upside for that reason we are looking the pullback low (102,59) to take longs, the other place to take longs is 101,78
ES is in 4 day´s range but for the first time is opening higher relative to the previous session after a bullish day, the pullback low held the price to go higher so bulls are in control for that reason i am not looking for shorts if price is above 3439.5, i want to see the opening to look for longs above 3470 or i am looking for longs at 3453
ES is still inside of 3 days range and yesterday`s structure is balance relative to Tuesday`s balance, short-term traders are happy trading the range, i would like to see a strong liquidation in the beginning of the session until 3410 to look for longs to complete the auction to the downside, the other thesis is a break of 3410 to the downside targeting 3390...
WDC is breaking a monthly range at 41,12, and it has been accepting above this price during last two weeks, i am watching to get long at 41,12 to look for 45,12, this company has report on OCT 28 and the high open interest are between 41 -45 for that reason i am targeting 45 zone
KO is making an inside monthly bar between 47,56 and 52,14, the high open interest strike is at 51 so i am not seeing a big move tomorrow in the earnings report, i would trade KO if price rotate above or below the previos monthly range
TSLA is generating value to the downside last three days, yesterday the auction gave us a poor low at 419,05, in the premarket session price is going to open below previous rally high (429,06) so things have not changed and sellers are in control at the moment for that reason this place is going to be resistance for today