Chair Powell went out and did it yesterday as the Fed didn't just cut the Interest Rates yesterday for the first time since March 2020, but did so by -0.50%, giving the market what it so desperately wanted. The question now on everyone's mind is this: is this what the market needed to extend the 2023 - 2024 rally? Fundamentally of course the cuts is a strong...
Plan For Friday: • Supports: 5775, 5769, 5765 (major), 5758, 5754 (major), 5746, 5737-40 (major), 5730, 5721 (major), 5715, 5711 (major), 5702 (major), 5690, 5685 (major), 5680, 5675 (major), 5666, 5659, 5646 (major). • Levels i would bid Direct: • I’m still trailing my 10% long runner from 5685, which is now up over 100 points from 24 hours ago, following a...
Cycles are a normal part of life. The stock market is no different. In my long term analysis we appear to be headed up to an area that can complete a rally that started almost 100 years ago. For context, this long-term consolidation will be similar to Japan's Nikkei index in which made no new high's for 34 years.
It’s all noise for ES until FOMC at 2pm. Monday's 5680-5702 bull flag played out as expected, giving us a rally to 5732 target yesterday, before pulling back to 5680, and holding. 5680-5702 is the chop zone. As of now: Bulls have control above 5680-85 (weak nos). If they hold, 5716, 5724, and 5759 are in play. If 5680 breaks, down to 5666 and 5638.
Yesterday, 5680 acted as a cash machine. As mentioned in my plan for today, longs triggered at the 5680 hold on the classic failed breakdown of Tuesday’s low, with ATHs as the target—and now we’re up over 100 points. As of now: Secure profits and hold onto the runners. Looking at 5797 and 5805 as the next targets up for buyers, with 5759-63 as key support that...
Rinse & Repeat Bullish model: + Manipulation entry and I was targeting +Distribution
Today being Fed day, markets might trade in a range until in the afternoon. Level to watch: 5702 --- 5704 Reports to watch: US FOMC Announcement : 2 PM ET US Fed Chair Press Conference 2:30 PM ET
Just 6 days ago (September 10, see chart below) we gave the most optimal medium-term buy signal on S&P500 index (SPX) as the price tested and held the 0.5 Fibonacci retracement level: The price rebounded strongly and is imitating the 0.5 Fib bounces of the previous 12 months that all started very strong rallies (+10.50% the weakest!). This week we would like...
** The Levels in this section all now reference the December (ESZ2024) contract prices.** Plan for Tuesday: • Supports are: 5690, 5684, 5680 (major), 5671, 5662-64 (major), 5654 (major), 5650, 5645, 5639 (major), 5632, 5627 (major), 5620, 5614 (major), 5607, 5598, 5588, 5579 (major), 5573 (major), 5568, 5562, 5548-52 (major), 5544, 5532, 5523-26 (major). ...
When long, the simplest model is +Manipulation to -Manipulation SL was placed below 1/3ADR-
Friday, I posted two targets in ES: 5619 and 5630. We hit 5630 by 10am. It was a battleground for the last two weeks of August, and we’ve been stuck here ever since. *Avoid overtrading around this .* As of now: 5619-22 is weak support. Holding that keeps 5642 and 5660 in play. If 5619 fails, looking for a dip to 5604 and 5598.
Previously though that there would be some volatility and a bearish trend forming with a previous low revisited, BUT NO... volatility popped and then so did the indexes. They bounced to meet the trendline resistance to end the week. In the same effort, closed the Gap as well. Meanwhile, MACD and VolDiv are turning upwards in support. Current flip to...
The squeeze is still going strong in ES, now up 70 points from yesterday’s 5538-43 long idea, and +200 points from Wednesday’s low. Hit the 5619target around 5-6 am—now it’s all about holding onto runners until we get a sharp flush. As of now: 5600 and 5585 are support. As long as they hold, 5619 and 5630+ are in play. Only looking to sell if we drop below 5585.
This is just gorgeous... The simpliest model for longs: +Manipulation is entry and SL below -Distribution +Distribution as a target Learn more about this live-changing tool in my bio and make sure you use my discount code!
Yesterday saw the most aggressive short squeeze of 2024 so far. The 5438 reclaim entry i gave in plan yesterday was the long trigger, with targets at 5519 (hit), 5528 (hit), and 5560 (hit). Now, it's just about trailing stops until we see a dip. After of now: 5560 is support. Holding that keeps 5585-93 (major) and 5605+ in play. If 5560 breaks, expect a dip to 5543-37.
Plan for Thursday: Supports: 5554, 5543 (major), 5537, 5528, 5518-15 (major), 5511, 5503 (major), 5492 (major), 5483, 5474, 5467, 5464 (major), 5457, 5445 (major), 5438 (major), 5433, 5423 (major). Today’s session was incredibly strong. I’m still holding my 10% long runner from 5438, over 100 points below. With such a rally, setups are scarce. Why this is a...
S&P 500 has posted back to back gains this week since the pullback last week. Patience is the virtue. Level to watch : 5501 --- 5499
The simplest mode when bearish: -Manipulation is my entry and SL above violation point. - Distribution is my target. Is it hard?