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Eminisp500

$spx long term: neutral when 5.1k tickssymmetrical and inversily symmetrical moves expected ... we are entering a phase when the easier money is beyond us on a buy & hold strategy, imo holders may want to book gains above 5k, wait for a correction and if conditions favourable, market stabilizing and not panicing - the scenario confirming then get long ago towards 5900, at 5900 more volatility expected... some kind of flat in the same fashion we seen in 2011/13... very good for intermediate swing term eventually, literally, buy low sell high... the Time dimension on chart, need to be taken with a grain of salt... Market rose TWICE as fast from 2020 lows to here, as it did from 2009 in the same ammount of days... so we may either expect this wave to be faster in pace, or simply that it may burn more time after a big impulse. even though visually I'm prefering the faster pace option, it may not be descarded the time simmeytry may eventually play out and the overall length of wave B coming to be about the same as wave A, which would be, about 9 years, from 2009 to 2018... making this one last up to around 2028/29... as I said, and for now, I'm prefering the faster pace/shorter time hypothesis, but that's only that and nothing more, an hypothesis, still as such, accounting for a terminal high around 2026... expecting a not-see-in-a-very-long-time type of bear market to ensue from the top, roughly calculated around 8/9 Note: I'm seeing many bear who assume the "mid-place" to have been the flat in 2014/15... this is indeed a possibility to keep in mind, and in case market starts hinting at a change in longer term caracther the above analysis should be discarded... that said, imo it is not likely that 2014/15 was the mid-place, as we have had a more significant, lengthy, violent and complex flat in 2018/20... assuming such volatility is not terminal, we prefer that flat as the mid-place for the overall count. Of course, if said volatility was terminal, we are in borrowed time and after 5k hits the crash will come without a doubt, but as I said before, I'm not prefering that view as of this moment... (for both "technical", "fundamental" & cyclical reasons). K SP:SPX ...
SP:SPXLong
by LotusTrading20
ES correction and key levels to watchHere is a breakdown of levels I am watching after the FOMC minutes pushed major indices lower. ES/SPX gave up the trend, can turn into sell the rally event if bulls do not recover the 4745 level fast and hold (not looking like it so far,) I am leaning toward a lot of volatility. Rest of the week will be difficult and big moves up down. Downside targets now adjust to previous lows. 4640/4615/4590/below that ES can sell to 200 day moving average at around 4400. Thanks for watching.
CME_MINI:ES1!
by Freshly_Snipes
TradersAI TradingPlans - Testing The InterestHey guys, Hope you all had a great Thanksgiving break! After a long time of being away from here, we are thinking of publishing our trading plans here every morning, again. For starters, here's a very simple, actionable, but potentially powerful idea we are looking at for now: Go short if SPX breaks below 4670 or 4660 with a trailing stop of 9 points - or, exit at 3:59pm (depending on your trading time frame, say 1M, 5M, 15M, 30M, 60M, your final results could be different from someone else). No long signals for today for our models. Best of luck with your trading! TradersAI
SP:SPX
by TradersAIDotCom
1
Trend Divergence in S&P500 E-mini Futures Weekly ChartHere's something I'm keeping an eye on right now. I'm not normally a swing trader, but since I do hold some stocks long term, I am always looking out for long term danger to the equity markets. I trade the ES futures intraday, on a 30 minute chart. Every Sunday however, I print out weekly candle charts for all the futures markets that I like to follow. I take my time drawing on them by hand with a pen and ruler, and then put them on the wall above my monitor for the trading week. There is a divergence between the new all time high in ES1! and the lower high on the volume weighted directional bias. Now, on shorter time frames, these divergences are not uncommon, and always a warning to take profits if you have been trading in the direction of the trend. I have yet to see a case with divergence like this on the 30 MIN chart, where price kept making higher highs and the VWDB finally turned around and followed it upward. Instead, price seems to always eventually roll over and find a lower low before things can rebalance. I have to admit however that I have not yet seen such a stark divergence on such a high timeframe as a weekly chart. I really do not know how this is going to play out. I will be watching the equity market closely the next few weeks to see. This indicator is still experimental but I have found great value in it so far.
CME_MINI:ES1!
by iamroot
1