Every time the S&P 500 rallies, volume indicates institutions are selling into this rally. The fundamentals continue to decline with a recession clearly on the table.
Watching for this inverse H&S to take off. I think we're looking up on the S&P 500.
Short around 4440 with stops above 4485. PT around 4330. Good Luck!
Lows Were Swept from the previous *Prediction* Analysis and as I anticipated. There was a swing high that was formed at around 9:00 am LA Time which got broken causing an ICT Market shift Model where I took an Entry at the lowest Fair Value Gap and Stop loss Just below the candle. I will be Targeting the Redlivered Rebalance and will keep you updated... I will be...
An expanding wedge with rising distribution volume, a possible head and shoulders formation, and a rejection of overhead resistance, all looks bearish in the near term. How the SPX reacts at the January lows will determine if we drop down to the 3800 level afterwards. Short term - Bearish to 4200 Medium - Bearish
SPY absolute resistance at 473.25 big one SPY immediate resistance at 458.51 Looks like a Channel starting with 458.51 level as resistance and support at 431.66 and 418.34 for some good period of time there should be some really good news to break the levels. pardon me if im wrong . Disclaimer : this is just my analysis formy educational purposes.. not any buy...
Our globex inventory is 100% short, yesterday end of day move wiped out all the buying we had in RTH and trapped supply over 4550 so what can we expect from it today? Its a lower volume week with sellers above 4590 and buyers below 4520 which is why we are getting this chop order from that takes everyone's money, have to be patient to trade this. On the down side...
In this video, I analyzed the macro picture of ES and tried some tools such as Trendline, Elliot Wave theory, and Fibonacci retracement. The idea was to get a sense of where we are in the market, what's going on right now, and where possible the market can go in the future (of course just a technical analysis not financial advice) What do you think? Let me know...
as long as November 2020 breakout area holds, $spx remains a long in the longer term picture!
Trend is up, price is stretched... as long as the Mid-Line in blue does not become resistance, we expect the decade long trend to continue up, towards the upper channel deviations around 6 and 8k. the areas to watch are 3930/3850/3730
ES1! / Emini / SPY500 is approaching liquidity reference points - and there's an unmitigated OB+ sitting right below it. This "could" be where ES1! finds support for the next swing up. Play this on a lower time frame like 4H/etc. GLGT
I'm looking to go long in the blue box, stops below. Excellent risk/reward if it comes!
symmetrical 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...
Here 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...
worthed to try a small long into year end... if it gets to 4930/40 I wd take profits intraday... no need to fomo and keep holding if we get a nice run next couple days... trend is up but nothing seemingly making it accelareted for now!
if we form a lower high on the 15 minute timeframe this area in emini futures are a target for short selling
Trade breakdown: 1. Buy at 4565 with stops around 4550 2. PT around 4615 Good luck!
In this update we review the recent price action in the EminiS&P and identify the next high probability trade location