D-levels for ES (US 500 S&P) futures upside and downside targets
Updated
Hi folks,
this is the current setup on the e mini from a D-level perspective. Right now we still have a monthly Double RePo in play, as described in some other charts from me. Currently we have most interesting situation as we are above the invalid zone of said DRPO but we would need a close here on monthly bases for the setup to be invalidated. I can show you many examples where this area is thoroughly testet before the pattern is continued to its target (1659). The most prominent atm being GOLD at 1060 in December, it price went below the invalid but came back and closed above it and you all know what happened to Gold in january and February :)
As you can check in my previous charts I even named this area to be best chance for short when we still were down at 1900. So, right now I dont have reason to doubt my words and will continue to look for good short setups to participate in this fall, should it really start.
The next good chance for a short entry would be the area between right now and 2050 as we have the convergence of 2 LPOs there (COP and OP). Watch price action until that area careful as price action could be quite volatile in both directions!
If March closes above 2000 then we have the Double RePo failure pattern in play and price should move to the next upside target which would be the area above the highs at 2200. This is also the meeting of another two LPOs as you can see. OP and XOP this time.
Below I have included two charts from my own software where you can see MACD Predictor and the Oscillator Predictor (the real D-level OB/OS indicator). Watch how it held price action right at the OP of the double RePo(1800) two times.
this is the current setup on the e mini from a D-level perspective. Right now we still have a monthly Double RePo in play, as described in some other charts from me. Currently we have most interesting situation as we are above the invalid zone of said DRPO but we would need a close here on monthly bases for the setup to be invalidated. I can show you many examples where this area is thoroughly testet before the pattern is continued to its target (1659). The most prominent atm being GOLD at 1060 in December, it price went below the invalid but came back and closed above it and you all know what happened to Gold in january and February :)
As you can check in my previous charts I even named this area to be best chance for short when we still were down at 1900. So, right now I dont have reason to doubt my words and will continue to look for good short setups to participate in this fall, should it really start.
The next good chance for a short entry would be the area between right now and 2050 as we have the convergence of 2 LPOs there (COP and OP). Watch price action until that area careful as price action could be quite volatile in both directions!
If March closes above 2000 then we have the Double RePo failure pattern in play and price should move to the next upside target which would be the area above the highs at 2200. This is also the meeting of another two LPOs as you can see. OP and XOP this time.
Below I have included two charts from my own software where you can see MACD Predictor and the Oscillator Predictor (the real D-level OB/OS indicator). Watch how it held price action right at the OP of the double RePo(1800) two times.
Note
Here are the charts. I have included quarterly picutre as its not commonly used by public and thus can provide pretty powerful signals that do not mislead so much as other more common TFstwitter.com/xSheltemx/status/709171179744043008
Note
Here is the Gold Chart with the Daily DRPO who nearly went invalid
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.