#long#es
$ES1! - THE BULLS ARE BACK IN TOWN!!ES Futures setting up for an explosive week!
In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move lower, the 50D MA has proven to be a reliable support this year. The fact that price closed with multiple daily candles below the 50day AND the long term Trend Line AND STILL the bears still FAILED to gain momentum and push lower is a HUGE sign that we are still very much bullish . This is a great case of "when what should've happen doesn't." Not only that, but Fridays daily candle ended with a spinning doji with the tail stabbed into the 50day MA, and the body above. I mean, if I was short right now id be shitting my pants...There's also a cup n handle forming on the 30m chart. As a stock trader it's your job to remain objective when looking at a chart, but there's really no bearish signs presenting themselves at this point. We had a break below major supports that failed and then a complete re-cross back up, feds left interest rates unchanged... This is too good. I've already entered heavy positions LONG. Cheers to a good week ahead, and remember if you're short, bring extra diapers--because this could be a shitty week for you!!
GOLD- I am going short. While Markets run.I have decided to take position in Gold (GC).
Reasons:
- following nicely down channel (Yellow lines)
- Indexes are running hot!!
- top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support.
- 0.50 fib is show resistance and 0.50 is important fib line.
- decent profit to risk ratio.
- my target is pivot as seen on chart. But this is weak pivot because it already respond to even early pivot. So this means I can stay in trade if I want when target is close depending on situation. This also go along with weaker bottom channel support.
I am always transparent with my trading. I show losses and wins no matter what. I always be honest and show you what I do. I do not put all my trades up on TradingView because I would be a lot of work!
so let's see how we do. If you find this idea interesting then please like and follow.
Fool me twice short ES again.Well I’m doing to try another short right here on Es. I were stopped out early today but this being the very entry I take earlier. The same rule apply as earlier. But hidden bull is here, but I think it may passed by.
Below center regression
Fast hull sharp down
Slow hull go down
Below 3.5 ATR
So let’s,see if I win these time. Like saying before, careful ES making you look like fool these day.