Well the grind down continues, Es has slowly been grinding down while giving some nice relief pops off of some measured moves of our Daytrader indicator on the bottom right giving traders a chance to join in the trend. With no major news tomorrow I anticipate another move down to the next gap range on the top right chart and will be watching the yellow lines I...
Es has been in a downtrend for a while now with buyers eagerly trying to dig in a foothold for the next leg up. These are a couple indicators I have created the right screen is a gap filter range that price will revisit and use as support/resistance before moving to the next one. As you can see today ES has retested the upper range again and we are right back...
Looking at Stats from the Opening Range Breakout we still have a 46% probability of hitting the 2STD of the 15 min opening range which would be a full recovery. I can see us possibly making new highs through the week based off of this recovery if it holds today.
Gold went on a tear after gapping up and cleaning up the gap in the overnight session. With Daytrader pivots resistance levels being so close compared to yesterday it stands to reason one side or the other will be broken. Which side will it? We dont know. But if it breaks one side or the other we will be watching for a quick retrace to join in the right directions!
A view of ES today with Daytrader Pivots and how it worked through the day with updated levels for tomorrow.
Just a quick shot of how MNQ worked its way down to Navigators and Daytraders targets today with an updated Daytrader levels for tomorrow
So this is with one of my own scripts to look at a broad movement to find a calculated retracement range for a buy the dip scenario. So far if you were bullish on XRP right now you would like to buy at a value vs buying at the top. The red and green ranges of this Indicator show where you would like to buy for a continuation up for new highs. We are currently...