EminiSP Pivotal Trendline TestIn this update we review the recent price action the EminiSP and identify the next high probability trading opportunity
Eminisp500
Emini SP Trading LevelsIN this update we review the price action in the EminiSP500 and identify some high probability trade locations to take advantage of!
EminiSP Bullish SequenceIN this update we review the bullish sequence in the EminiSP and identify a high probability trade location to rejoin the up trend
Emin S&P Corrective ConfluenceIn this update we identify a high probability trade location for the current wave 4 low to complete so we can position long for the 5th wave upside extension
Emini S&P500 Bullish SequenceIn this update we review the current bullish sequence in the Emini S&P, identifying high probability trade locations
EminiSP 4490 PiovtIn this update we assess the significance of a close through 4490 and the next upside objectives in play
Nikkei 225 To Lead Global Equities Higher?The Nikkei 225 continues to show relative strength and has one of the cleanest absolute trends of the global indices I track. It's already breaking out ahead of the US and European indices, which suggests to me we could see them follow it higher in the next day or two. If you're trading the equity indices --- keep your eye on the Nikkei 225 for clues.
Breakout Or Fakeout?The S&P 500 futures are trying to get above the top of their range at 3804. The last hourly candle closed above it and we're seeing relative strength from the Russell 2000, Nikkei 225, and other indices here in the US and around the globe. Testing the waters here if I can get an entry at 3805 and look for upside towards 3855 over the coming hours/days. My stop is below that hourly candle's low, which also corresponds with the VWAP for the session at 3795. Reward/risk is 5:1 and sizing this risk at roughly .30% of the portfolio...so relatively small given two straight days of trading losses.
Morning Ideas November 5, 2019Some good news out of china overnight send the market up with a little spike.
We are ranging near the value high and wold expect this market to continue in this direction,but we may need to dip into value first.
I would continue to be long, and although there will be some short opportunities, make sure you are not overstaying them!
Morning Ideas November 4, 2019Good morning from Colombia!
We are at ATH again, and we continue to accept higher.
Listen to that again, we continue to accept higher prices.
The market is NOT showing any signs at this point, so you have to be long, IMO.
The market is stretched overnight on low volume, so I'll wait for low 70's.
Morning Ideas July 9 2019. Emini SP500 E-Micro SP500Now the pullback has begun as we are starting to accept some prices lower and the buyers were flushed out from the latest balance area.
I'm looking for a retest of 78 above, and below 62-60 area becomes the line in the sand for buyers.
If we fall though, I would expect us to drop pretty quickly towards the 40's.
Of course, this is barring any trade report news coming from Trump :)
