As you can see ES1! went Long, congrats to those who have bought it ! See you tomorrow on another forecast and have a nice day !
In 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...
I'm not a fan of Fibonacci, and so I don't think I'm using it correctly. Anyway, plotting the main levels against support/ resistance to forecast a top! Let's see how this play 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.
Price is making a consolidation/sideways, give it a couple of days, and I believe it will continue to break down and heading towards the trendline before heading its way up making a new high. Also if you look at the Daily & Weekly chart, u will see the presence of Seller, but u won't see it in 4 hours and below charts but they exist in Daily and above. Follow my...
There'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...
S&P E-mini futures pointing down. There could be bounce from 4305 level and then if there's rejection at 4345 or lower levels, can test support levels at 4290, 4280 and then finally 4264. 4230 is the last level for bulls to defend. If it reclaims 4348 and stays above, first green flag. Goes above, stays above 4370 confirmation. Until then bias on downside. Until...
Some 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...
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...
Emini on 1H came and had a strong reaction off a Daily OB+. Waiting for a mitigation for a long trade M/W/D are all bullish at this point.
Hello Traders, The E-mini S&P 500 futures bounced off a critical level defined by the model and has no where to go but up. The targets defined are produced by a proprietary model. Good Luck.
One of these two things will play out, I believe. Bear wedge.
An unsuccessful breakout and fall and then continue moving.
This is a scenario I don't put too much faith in right now, as the bullish momentum seems completely unabated... but as we all know, markets can be tricky and fast in the face of complacence and leverage... so, in case an "event" (like ark blowing up or something of the likes) could bring spy to retest the early fall breakout 358/353ish making it the BTD...
Price tries to create a bearish breaker, fails, grabs liquidity from equal lows & runs back higher! Monthly / Weekly / Daily on ES1! (or SPY) are all bullish. This allows us to buy from area of a seemingly discounted zone.
Monthly / Weekly / Daily + 4H analysis for E-mini SPY (ES1!). Order flow on all timeframes is bullish - hence expecting 38% trend rejection, or 4H bullish Fair Value Gaps or Order Blocks to hold in discount area. Wait for these areas to get tested - and trade only if you see a bullish sponsorship at these levels. Trade safely, apply good risk management & take...
Thumbs up if you like my chart. AVERAGE BETWEEN PULLBACKS ARE 371 DAYS.
CME_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...