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Eminisp500

Spy trade ideaI currently think we are at a serious inflection point that we need to watch out for. If we break below this 4425-4400 area, then I think we may see a bigger sell-off take place. I do expect to see some volatility coming into early next week and wouldn't be surprised to see a bounce higher or a continuation lower. My current stance on the market is slightly bullish - neutral for the spy and will continue to be patient while waiting for price action to confirm where we go next.
CME_MINI:ES1!
by adtrade1
Following up on my forecast of the S&P500In my previous post, I (wrongly) used the Fib. Retracement tool to forecast that the E-mini S&P500 will reach 4600 area before having a correction. Right now there's actually a build up at the end of 2 week consolidation (the white box). If it does breakout, the projected move will be at least 190 points (Calculation is from the previous low to the high of the consolidation), which is really close to 4600! Really interesting to me! Let's see how this pans out. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
CME_MINI:ES1!
by leslieyimsm
Bullish SeptemberThere's a very clear bull pennant near completion for XAG. The flagpole started at 12.134 (lower wick) and goes up to 29.592 (upper wick). More conservatively, the pole would be slightly shorter, but this range is what I view as the maximum potential move after the completion of the pattern, a somewhat drastic movement of 17.458. According to the range of the flagpole added to the price at completion in the area of about 26.115, it indicates a potential move to as high as 43.573 in this run up. The timing of this pattern seems to coincide with the completion of the ascending wedge of SPY and ES1! that's been steadily becoming concrete since March 2020. That ascending wedge seems to be headed for its terminus at just around the same time, if not a bit before. This makes some sense as silver prices tend to be reactive rather than predictive, so we can expect that silver's run-up (if it happens) will take place after any market correction.
FX:XAGUSDLong
by Incogniteaux
Race between S&P500 and NASDAQ 100Some ideas are related to these graphics precisely in order to bring my train of thought to the surface. S&P 500 It is quite strong, but we have targets for achievement of very close positions. So it's possible to see something like side corrections, but the bias for me is still bullish, for both S&P500 and NASDAQ Knowing I said we have very similar targets for both indexes, but the NASDAQ is in a slightly narrower channel than the S&P500, thus bringing the idea that the Big Techs are even stronger and keep renewing highs above highs. It's worth remembering that in an uptrend the tops are meant to be broken, and the structure in turn is used for a pullback, thus creating an even higher top. Probably the American graphics are adept at Toy Story's Bas Laitir which has as a classic phrase: "To infinity and beyond" the only difference is that the Bas couldn't fly! I hope you can contribute to the reading of friends and if you have any suggestions leave them below, we are here to learn always. I am not the owner of the truth, this is just an analysis based on my rationale. This is not an investment recommendation, the intention is for you to understand the rationale of a market operator. Leave your likes and follow me to see more videos like this.
CME_MINI:ES1!Long
by leandrosander_
2
SPX approaching resistance. Will there be a pullback?Just like other index futures, S&P E-mini has been overextended on monthly chart for sometime. Key resistance level as marked on the chart is approaching. Don't know if it's top. Any resistance can become support. So observe price action and manage risk. Potential retracement/pullback/correction from current high and how much #ES_F will be back in price and time, a perspective: 3% - 4233 - June 24 - 15 days 5% - 4146 - June 21st - 18 days 10% - 3928 - Mar 29 - 102 days 15% - 3709 - Feb 1st - 158 days 20% - 3491 - Nov 6 - 245 days Know your support levels and have exit plan in place. Trade with right position sizing. Lately, flash crashes are being bought quickly. I think this time correction may start with market turning over slowly. Small red days initially. I might be wrong. Support and resistance levels as marked on the chart.
CME_MINI:ES1!Long
by trdnvestor
📉 S&P500 rising wedge in falling channel: ES1! - Bears roaringCME_MINI:ES1! forming declining megaphone pattern, now it coul be falling channel also as you can see in my chart. There is an evidence of steadely incrasing volatility so its nod good sign for bulls. As you notice small rising wedge evolved in the megaphone pattern. Today i expecting some bulls come back to the game and will touch higher trendline of the rising wedge to the (blue) supply zone to retest and there is higher trendline of declining megaphone pattern. I expecting further downside move from there, so there is nice sweet spot to plan entry to short trades. My next target on ES is 3660 It can be apply to AMEX:SPY
CME_MINI:ES1!Short
by Tomasgei
9