Type: Bearish Momentum
Resistance: 1740.1
Pivot: 1673.8
Support: 1587.0
Preferred Case: The H4 price is in a downward channel and below ichimoku cloud . The price may drop form the pivot at 1673.8, where the overlap resistance is to the 1st support at 1587.0 where the 127.2% fibonacci extension and 78.6% fibonacci projection sits
Alternative scenario: If there...
Type: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci...
Technical & Trade View
Russell 2000 (e-mini futures contract)
Bias: Intraday Bullish Above Bearish below 1785
1806 Target Achieved..New Pattern Developing
Technicals
Intraday 1785 is primary support
Primary upside objective is 1882/92
Failure below 1780 opens a test of 1760 H4 Value Area High
20 Day VWAP bullish, 5 Day VWAP bullish
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 698.50
Pivot: 661.20
Support: 680.25
Preferred case: On the H4 chart, we have a bullish bias. Overnight price had a bullish momentum and went above the 1st support line at 680.25 where the 50% and 38.2% Fibonacci lines are located. Expecting price to continue...
Type: Bearish Momentum
Resistance: 904'1
Pivot: 853'1
Support: 781'4
Preferred Case: On H4, as the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the pivot at 853'1. which is in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 781'4 where the 78.6% fibonacci...
Type: Bullish Momentum
Resistance: 1.03220
Pivot: 0.99670
Support: 0.97270
Preferred case: On the H4 chart, we have a bullish bias, as the price breaking the long term descending trendline and above ichimoku cloud . The price may rise to the 1st resistance at 1.03220, which is in line with the 38.2% fibonacci retracement and overlap resistance from the pivot at...
Technical & Trade View
SP500 Bias: Intraday Bullish Above Bearish Below 3800
Technicals
Intraday 3800 is the primary support
Primary upside objective is 3900
Failure below 3770 opens a test of 3700
20 Day VWAP bullish, 5 Day bullish
Type: Bearish Momentum
Resistance: 3.5875
Pivot: 3.3815
Support: 3.2415
Preferred Case: The H4 price is in a downward channel and crossing below ichimoku cloud . The price may drop form the pivot at 3.3815, where the 61.8% fibonacci retracement is to the 1st support at 3.2415 where the swing low and 78.6% fibonacci projection sits
Alternative scenario: If there...
Type: Bearish Momentum
Resistance: 1740.1
Pivot: 1673.8
Support: 1587.0
Preferred Case: The H4 price is in a downward channel and below ichimoku cloud . The price may drop form the pivot at 1673.8, where the overlap resistance is to the 1st support at 1587.0 where the 127.2% fibonacci extension and 78.6% fibonacci projection sits
Alternative scenario: If there...
Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.25
Pivot: 661.20
Support: 654.20
Preferred case: On the H4 chart, we have a bearish bias with price under the Ichimoku cloud which indicates a bearish market, adding confluence to our bias. Price is currently consolidating along the 1st resistance line at 680.25...
After hitting the initial corrective equality objective above at .5719, buyers have stepped back in at .5598, as this level holds the next corrective objective is sited at .5823, look for a close through .5725 tot target teh .5823 level next.
Copper on the weekly time frame appears to be carving out a five wave decline as the wave 4 high at 3.7930 holds a minimum downside objective of wave five equaling wave one provides a downside objective at 2.8435. The wave 4 on the daily time frame is creating a descending triangle pattern a break of 3.1380 warrant short exposure to target the wave 5 objective.
