Bulls and Bears zone for 04-12-2022After a sell off yesterday, market is rallying this morning which could be short squeeze.
Any test of ETH session High could provide direction for the day.
Level to watch 4440 --- 4438
Emini
Bulls and Bears zone for 04-07-2022ETH session is testing yesterday's High and market is having hard time rallying.
Any test of ETH session High could provide direction for the day.
Level to watch 4475 --- 4473
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 04-05-2022Overnight session market has been trading sideways.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4567 --- 4565
Report to watch:
US:ISM Services Index
10:00 AM ET
Bulls and Bears zone for 03-31-2022ETH session is trading within yesterday's RTH session range.
Any test of ETH session High could provide direction for the day.
Level to watch 4616 --- 4614
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 03-29-2022S&P is approaching Triple Top on daily chart which could provide resistance.
Any test of ETH session High could provide direction for the day.
Level to watch 4603 --- 4605
Reports to watch:
US:Consumer Confidence
10:00 AM ET
US:JOLTS
10:00 AM ET
S&P - Stop Pause or Continue Up ?We're at the median line now.
Will we stop and reverse?
Will it be a pause?
Or will it crossover and use it for support on it's way to new highs?
It's currently following the same course as October '21. How long will it continue that way?
Bulls and Bears zone for 03-24-2022So far this week market has been alternating between Up and Down days.
Therefore, we could be see trading both sides.
Level to watch 4466 --- 4464
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
SPX - Few bullish breakouts improve the picture for SPXSPX shows signs of improvements similar to the majority of other U.S. indices. Over the past few days, it started to develop relatively bullish structures on the daily time frame. At the same time, the weekly time frame started to turn neutral, and selling pressure in the market ceased. We are turning increasingly bullish on SPX. However, we are also very cautious and we keep watching price action very closely. We will look for any signs of potential exhaustion in SPX as well as in other major U.S. indices.
Illustration 1.01
The chart above shows SPX in the daily time frame. It shows a bullish breakout above the resistance connecting major peaks throughout the recent correction. Additionally, SPX broke above two other resistance levels, particularly at 4 416.78 USD and 4 489.55 USD. These levels act now as support areas.
Technical analysis - daily time frame
RSI started to develop a bullish structure recently. However, over the past four days, it started to flatten and turn neutral. Stochastic oscillates in the bullish zone, however, it points to the downside. MACD is due to perform a bullish crossover which, if completed, would further bolster a bullish case for SPX. DM+ and DM- are bullish. ADX undergoes reset. Overall, the daily time frame is bullish.
Technical analysis - weekly time frame
RSI reversed to the upside which is bullish. Now we will watch whether it will manage to break its bearish structure (break above white line in Illustration 1.02). MACD and Stochastic are neutral. DM+ and DM- are bearish. ADX flattens. Overall, the weekly time frame is neutral.
Illustration 1.02
The bearish RSI structure on the weekly time frame remains intact as is shown in Illustration 1.02.
Support and resistance
Please feel free to express your own ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering a trade.
Bulls and Bears zone for 03-22-2022ETH session market has been trading within yesterday's range.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4462 --- 4460
Tomorrow Key Day for SPX After the news of the 25bp rise from the Fed today, the market had a strong rally and broke above its downside channel. Tomorrow is a pivotal day. If we see follow through, this rally will continue to the 4500 region. But if tomorrow the SPX breaks back into the channel to the downside, it will likely continue to the bottom of the channel. Trade accordingly.
multiple paths for spx (es1!)there are two paths for whether spx futures heads for either top or bottom anchored vwap
Bulls and Bears zone for 03-16-2022Today might be more volatile than normal day due to Fed announcement in the afternoon.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4300 --- 4298
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Bulls and Bears zone for 03-14-2022ETH session market has been trading in a range.
Any test of Friday's LOD, could provide direction for the day.
Level to watch 4207 --- 4205
Bulls and Bears zone for 03-10-2022ETH session market has sold off below yesterday's Low.
Any test of yesterday's Low could provide direction for the day.
Level to watch 4233 --- 4231
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 03-08-2022Given geopolitical conditions, Bears are in full control.
ETH session market has been trading around yesterday's Close.
Level to watch 4199 --- 4197
heading into bearish rsi (es1!)spx emini futures are looking like they are on their last leg intraday. puts are coming in that are slamming this thing into the lows, and it looks like that support may break. 4225.25 is a decent target.
Bulls and Bears zone for 03-03-2022This morning market has rallied to Fibonacci extension 1.272 of yesterday's session.
Any test of ETH session High could provide direction for the day.
Level to watch 4400 --- 4398
Reports to watch:
US:Factory Orders
10:00 AM ET
US:ISM Services Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 02-28-2022This morning market seems to be testing Fibonacci 50% level of Friday.
Any test of ETH session High could provide direction for the day.
Level to watch 4341 --- 4339
Report to watch:
US:Chicago PMI
9:45 AM ET
Bulls and Bears zone for 02-24-2022Market is trading way below yesterday's Close, would value buyers show up .
Any test of ETH session Low could provide direction for the day.
Level to watch 4101 --- 4103
Reports to watch:
US:New Home Sales
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
US: EIA Petroleum Status Report
11:00 AM ET
ES1! Potential Bearish Bat pattern on E mini futures
Short around 4440 with stops above 4485.
PT around 4330.
Good Luck!
Bulls and Bears zone for 02-22-2022Bulls are trying to rally during ETH session and test Friday's Close.
Any test of ETH session High could provide direction for the day.
Level to watch 4339 --- 4337
Report to watch:
US:Consumer Confidence
10:00 AM ET
ES1! / Emini / SPY500 : Bullish move anticipationES1! / Emini / SPY500 is getting closer to 50% of the range since 2021 began - and can find buyers below 50% of the range (forced or willing) as shown on the chart.
Don't blindly trade the weekly chart, look for LTF confirmations.
Note : we are not predicting price, it can still drop like a rock. However we anticipate how it could play out.
GLGT
Bulls and Bears zone for 02-18-2022Value buyers are really trying to push the market higher, but Sellers seem to have the momentum.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4375 --- 4373
Report to watch:
US:Existing Home Sales
10:00 AM ET
