Es1!long
SOME MORE FUEL LEFT IN SPXTHE RESULT season will make some extension(not beyond 1.618 of W)in wave ''Y''
EXPECT 55 failure @ 4533 or overshoot @ 4658
$ES1! - THE BULLS ARE BACK IN TOWN!!ES Futures setting up for an explosive week!
In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move lower, the 50D MA has proven to be a reliable support this year. The fact that price closed with multiple daily candles below the 50day AND the long term Trend Line AND STILL the bears still FAILED to gain momentum and push lower is a HUGE sign that we are still very much bullish . This is a great case of "when what should've happen doesn't." Not only that, but Fridays daily candle ended with a spinning doji with the tail stabbed into the 50day MA, and the body above. I mean, if I was short right now id be shitting my pants...There's also a cup n handle forming on the 30m chart. As a stock trader it's your job to remain objective when looking at a chart, but there's really no bearish signs presenting themselves at this point. We had a break below major supports that failed and then a complete re-cross back up, feds left interest rates unchanged... This is too good. I've already entered heavy positions LONG. Cheers to a good week ahead, and remember if you're short, bring extra diapers--because this could be a shitty week for you!!
ES1! / S&P500 / LONG / The Market Has Taken it's BreadthThe market has taken it's breadth, and we move ONWARD!
Multiple Bullish signals present for the upcoming trading week.
-Daily Candle closed above the 50day MA
-Classic inverted H&S Pattern
-Profit Target 1: set at 4528.75, this level holds confluence with resistance + prior trend line.
-Profit Target 2: set at 4596.50, this is the price target of the inverted H&S pattern.
This trade will probably play out in 2 separate trades, I have entered at $4460, stop loss set at 4450. I will hold these contracts until PROFIT TARGET 1 is met, selling at that level and watching it closely to see if it can break resistance. IF resistance is broken, I will enter again and aim for PROFIT TARGET 2, selling there. Profit Target 2 may be adjusted based off the price action I see after resistance is broken, but for the time being that's where it's set.
WHEN THE MARKET IS GIVING CLEAR SIGNS, LEAVE IT SIMPLE. THERE IS NO NEED FOR AN IN-DEPTH ANALYSIS.
BUY SPX500Good morning traders !
As you can see on the chart, at the asian session the SPX500 have made a big fall, and now it's time to buy it, eventhough I posted this forecast a little bit late however the market will continue pushing up.
I don't use TP and SL, which means you put them on your own.
ES1! scenarioMore push ups are expected from the stock market in the U.S. but we need to be carful from buying at these high prices,
the up waves are coming mostly from holders who doesn't want to sell now, so the less supply the higher the prices will go.
but we have an idea where the price could get for a major correction in the market.
We are not going to chase the price, we will catch the dips.
S&P E-MINI 500 (SWING) 15MINThe market is keep going up like you see on the chart
Stop loss and take profit mentioned on it.
Long! My Target A: 3872.00
Even if the market will achieve my target, it have the potentiel to keep going up and achieve 3885.
If you have any questions, leave in the comment box.
Possible Cup and Handle on ES1!A possible cup and handle has been building on es1! for about a month now. Looking for a breakout or rejection moving into the week.
We haven't broken out yet.
Pretty interesting lunar week as well, with a total lunar eclipse on the 14th and some wild times with strange planetary positioning. Honestly, I don't trade-off astronomy but there's no doubt that it has an effect on the volatility of human nature. Be aware of geometry.