Eminisp500
E-Mini SP 500 Futures Weekly Chart Gann PredictionlevelCME_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 week.
Good Luck!
Macro Analysis on ES: OMGIn 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 in the comment
PS:
- I am no EW expert, this is just an attempt to express what I am seeing right now.
- That's my first, raw video, hence, there are some mistakes that are I couldn't correct, don't sue me for that ;-)
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.