Emini
Bulls and Bears zone for 11-02-2020All last week every time market rallied it was sold off which is not good for bulls.
Any test of ETH Highs could suggest days direction.
Level to watch 3312 --- 3314
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US: Construction Spending
10:00 AM ET
SPY500/Emini/ES : Daily schematic of liquidity & trapped tradersThere are a whole bunch of trapped traders on both sides of price for SPY500 / Emini futures / ES1! which will want to exit, giving us a trade in opposite direction (yellow zones)
Beware of the engineered liquidity zones - which are almost like a candy land for big institutions - where orders are just sitting to be taken! Those zones WILL BE poked poked! (green zones)
Good luck & good trading for the election week!
Please note : the zones shown here are for reference purpose only. Actual buy & sell zones should be fine tuned with a lower timeframe reference & more detailed analysis.
Bulls and Bears zone for 10-30-2020Yesterday bulls were able to rally but could not sustain it in the afternoon and closed near Fibonacci 50% level.
Therefore, any test of yesterday's low should provide some direction for the day.
Level to watch 3272 --- 3274
Report to be aware :
US: Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 10-29-2020After sellers being aggressive yesterday, It seems that value buyers were active during ETH session.
For this bounce to continue, Bulls will have to defend yesterday's RTH session low.
Level to watch 3263 --- 3261
Reports to be aware:
US: Pending Home Sales Index
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 10-22-2020This week market rallies during the morning and sells off in the afternoon.
Last couple of trading sessions, sellers seem to get aggressive around Fibonacci 50% level from Monday.
Level to watch 3422 --- 3424
Reports to watch:
US:Existing Home Sales
10:00 AM ET
US:Leading Indicators
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET