In this update we review the recent price action in the S&P500 futures contract and identify the next high probability trading opportunities and price objectives to target
In this update we review the recent price action in the Emini S&P futures contract and identify the next high probability trade locations and price objectives to target
In this update we review the recent price action in the EminiS&P futures contract and identify the next high probability trading levels and price objectives to target
In this update we review the recent price action in the EminiS&P futures contract and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the eminiS&P futures contract and identify the next high probability trading opportunities and price objectives to target
Panic selling of the last week has left a gap which is more often than not filled later on. Besides bouncing of the bottom half of the established downtrend channel as well the price is now over the weekly pivot. +4% from the weekly pivot more or less. Will this result in a trend change? I doubt it.
Looking for a temporary relief on the SnP up to that blue zone 4200 area. . .I want to see price test that zone again before it plunges again. So taking a buy stop slightly above Friday's close ad stop just below as shown.
After a nice solid bounce over the last week, the market is beginning to pull back. Why is this happening and what can we expect next? Previously I had posted that the 3850-3950 region was a key area of support. Once that level was broken, this region is now a key area of overhead resistance. Here are two scenarios on how this might play out. 1) The most likely...
Here's the outline of my explanation for my bias and why I see/saw what I'm showing you guys here on this chart. Enjoy (:
These to go always hand and hand, note that. Us100 got a FVG - which it did not rebalance yet. And S&P reacted nicely to a Bearish Order Block. Take Note, it may come back up and than rally down to those relative equal lows on 1H TF on S&P.
Today's bearish daily was confirmation that the rally was just but bear market rally and I expect further downside before the 'bottom'. Targeting the 3600 zone...from there Il asses again. The R on this trade is 2.9.
The S&P 500 hit the mid 3850 region as we have been expecting and we saw a bounce from that level. Here's the kicker, there seems to be more downside to come. At a market bottom, price action is panicked get out at all cost selling. While the selling last week was extremely broad across the market, and a few stocks got hammered significantly, such as COIN, the...
I expect the gap around the 4000 level to be filled by mid-May taking it to the bottom of the channel. This isn't likely the bottom, but it will probably be the start of a short-term rally.
E-mini S&P 500 (futures) – Daily: Pitchfork trend is maintaining momentum lower and price action has tested the median line support. If price action moves below then look for support/risk against the lower level line. Should ES catch a bounce look for resistance against the upper level line.
CME_MINI:ES1! near the convergence of multiple Gann Support Levels 4345, 4335, and 4315 indicating a possible bottom this week from which we can start to move towards Gann Resistance Levels 4403, 4415, and 4460. CME_MINI:ES1! closing above 4460 this week would indicate continuation of the uptrend towards 4460, 4480, and 4560 Gann Resistance Levels next...
Here using Fibonacci and harmonic pattern theory, ostensibly this scenario is plausible. Good luck and best regards
SPX 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...
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.