S&P 500 Comes Back From Extreme "Extreme"In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart).
It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it.
This is irrational market behavior caused by artificial buying pressure (Gamma Squeeze).
Now, we see the market bouncing off the 1/4 line between the warning line and the U-MLH of the white fork. And yet again, we’re trading within the orange fork.
What now?
Back up again or is it really heading down this time?
Read my lips: "I - Don’t - Know." §8-)
Buuuut, the projection and the extent of the over extension lead me to believe that this time, it’s going to crash!
Like in the NQ, my stance here is **short** for the coming weeks, and possibly even months.
Es1!short
S&P500 Measured Move - ES Target 2024 Reached?That's a ...ummmhh..surprise at least.
And it's crazy.
I never thought this could happen.
But we better shall believe, that ECH - Everything Can Happen!
So, is the target reached for 2024?
Nobody knows, right?
But, I start to further close positions and take my profits in these Index and the correlating Markets.
Don't let Greed eat your Brain §8-)
As for my Christmas Lotto Ticket this year, I take a small Short Position now...LEAPs, Bear-Spread, dunno yet, but it's a Shortie that I can let sit for a couple Months.
Talk soon...
ES1/SPX500 BEARSHello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone.
for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements.
This is not a financial advice, this is only my view on distribution type.
Same with SPX500/SPY/SP500futures charts.
Follow for more Weekly longshot trades. becareful use stoploss for better trading!
ES Hourly AnalysisES Hourly - Simple Analysis.
To keep it as simple as possible:
4365 is a key level as clearly depicted. While we are below it, there is bearish sentiment. Above it, bullish.
~4345 is a one hour demand zone because this is where price was able to fill the gap, while also having a strong push above a previous high and breaking above prior resistance. Price has tapped into that demand and has currently shown strength, but we need to see it get back above 4365.
Mr. S&P500, it's decision time again.So, here we are, below the red Center-Line.
What now?
If the Bears are successful, then we go south.
Target is the at least the white Warning-Line, or the red Lower-Medianline-Parallel. What ever is hit first.
On the other hand, P3 could be in and we get a bounce up for a re-test to P4.
This is a tricky situation.
Even more because the Nasdaq looks ready for a rebound.
What shall we do?
To me it's clear:
- if I short it, then my stop is above the CL. I don't know where yet, but it will not be super close. I rather play it with Options to give my idea more time, even if we get a bounce for a re-test of the L-MLH (gren) or the white WL.
- If I wait for more information, I accept the potential for not being on the Submarine if it tanks. What would I loose? Nothing - there's always another trade.
- And finally, on a re-test of the green L-MLH/WL, I can stalk a short from there.
Isn't that relaxing, to have so much opportunities? §8-)
Play it save Tr8dingN3rds.
S&P500 -ES has reached the Top for now.This is my 100% believe, that the S&P500 has reached at least a temporary high.
From here we will go down, at least to the dashed WL (Warning Line).
We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking.
A HAGOPIAN means, that price will go further in the opposite direction than from where price came.
And this rule was right. SP500 was going up like there is no tomorrow. Just stupid buying all the way.
Today it found it's wall, banging it's had on the Lower Medianline Parallel. This was the first Test. As we know, price can create multiple tests before dropping down.
I was observing price action the last couple weeks and it was Insanity at it's best. Be it from Algos or HFT's, I don't care. I just follow my rules and currently they say:
<<< IT's OVA >>>
So, I follow my Medianline/Fork Rules and I'm Short.
The target is as of my rules, the next Line, which is the Warning Line. Interestingly it's also where price intersects with the bigger (Green) Pendulum Swing Fork.
Let's have a Christmas experience §8-)
ES1! Will Go Lower! Sell!
Here is our detailed technical review for ES1!.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 4278.50.
Considering the today's price action, probabilities will be high to see a movement to 4113.50.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
ES1! Will Move Lower! Short!
Here is our detailed technical review for ES1!.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 4198.00.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 4170.50 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
ES1! - SPX - Could be Bullish Flip!CME_MINI:ES1!
CME_MINI:ES1! has broken resistance as Wall Street continues to monitor the situation surrounding the debt ceiling with hopes of a deal being reached.
This breakout needs to hold via a retest or Bullish pullback for Stocks upside.
If it's a fake out, look for potential shorts via LTF e.g. 4h
CRYPTOCAP:BTC is like a tech stock and when it's coupled to the ES1! it moves with.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
ES1! Will Go Down! Short!
Take a look at our analysis for ES1!.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 4157.25.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 4043.00 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
S&P 500 Futures Set-UpPut Option' Premiums are cheap compared to the chance of having a pullback.
RSI in overbought ranges.
Volume has been decreasing for the last weeks.
Entry Level: 4130
Stop Loss set at 4220 .
First Take Profit at 4050 . Second Take Profit at 3980 .
*Important to pay attention to the price action at the level of 4050. If it is recovered quickly, it will be bullish.
Consider moving the stop loss closer to the breakeven point if that happens.
Priority Number One: Survive in the market.
S&P EMAs at Historical Critical PointCME_MINI:ES1!
So I opened the chart at the weekend and flicked through the time frames and upon punching the Weekly I noticed the 21EMA and the 89EMAs were pretty tight. I decided the rest of the morning looking through the historical relationship of these two EMAs. It turns out that each time the 21EMA has come down to the 89EMA, there has been a violent reaction. In general, when there are moderate to minimal macros effecting the markets, this reaction represents a strong opportunity to long. In fact, the 21EMA has never dipped below the 89EMA and recovered until months to years later. On the flip side, on the two occasions the 21EMA did dip below the 89EMA, was in 2001 and 2008...two very significant moments in market history.
I also noted that once the break happens the S&P tends to bottom at around 40%-50% of that breaking point. If we were to use today's valuation, a 45% drop from today is around 2200. That is also the bottom of the COVID crash i.e. where the real market was going to be trading before infinite stimulus was provided by the Fed.
I found this interesting as it seems in these troubling times and with a 'nuclear winter' around the corner in Europe, there is a real macro concern for markets. I'm leaning bearish and I think this rally will fail like every rally this year and lead the 21EMA below the 89EMA. Obviously, I react to the chart and should there be a strong reaction off the touch upwards, I will be flipping bullish.
ES1! Will Go Down From Resistance! Short!
Here is our detailed technical review for ES1!.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 4105.50.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 3980.00 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Up and then down, or straight down? Either way we're going down!With the news of SVB about to collapse, the markets started to move into safe havens and the stock markets started moving down. Now the question is, has the move down we've witnessed been the X wave of a larger B wave which should terminate around 4300 (as illustrated in our green count). Or is this the minor wave 1 of intermediate wave 3 which should result in a very sharp move down. Either way we're convinced that over the next few months we're heading lower to 3200 as a minimum. But of course the important part we need to establish now is if we move higher for a minor wave 2 or up for the Y wave of the primary wave B. We're expecting the move down to terminate around 3800 before moving up, of course we will be closely watching this move up to see if we get 3 waves or 5 waves to confirm which count we are in. Exciting times are ahead with some big opportunites to make profits.
US02Y: BOND MELTDOWN / 4.00% CROSS / MACD CONVERGENCE / RSIDESCRIPTION: In the chart above I have provided a simple MACRO ANALYSIS on current bond market meltdown where the US02Y dropped nearly 25% within FIVE TRADING SESSIONS.
POINTS:
1. US02Y deviation is simple & marked at every 1% difference as bonds rise and fall within the same range percentage therefore it has a rubber band like price action relationship with it's lowest 1% points.
2. Overlapping Orange Line represents ES1! a US Market Future.
3. Dotted Green Lines represent continuous downward momentum in past Bear Markets (2002 & 2008).
4. Bubbles overlapping dotted green lines represent initial break of supporting bond percentage %.
IMO: In my opinion the most concerning factor to take into consideration when it comes to current bond positioning is the STEEP RISE IN PERCENTAGE especially when the overall US market momentum is tied to BOND PERCENTAGE during both RISES & FALLS & the STEEPER THE INCLINE THE STEEPER THE DECLINE can become.
MACD: Notice a complete meltdown of Bonds when MACD confirms convergence to MEDIAN & eventually breaks past median and falls into into negative territory.
RSI: Notice that unlike in other recessions RSI levels have seen more consistent exposure to MEDIAN of 50. But as of lately from a MACRO perspective that is not the case as we have seen current RSI levels linger around 70 or above in EXTREMELY OVERBOUGHT TERRITORY.
SCENARIO #1: In a very BEARISH scenario we come to see BONDS PERCENTAGE go through a complete free fall.
SCENARIO #2: In a less BEARISH scenario we come to see BONDS PERCENTAGE go through an extended consolidation phase with PERCENTAGE LINGERING ABOVE 4%.
FULL CHART LINK: www.tradingview.com
TVC:US02Y
S&P 500 E-mini Futures (Y23.P1.E1).Running FlatHi traders,
From a bearish perspective and there are many reasons for it (inflation rates, interest rates, job and housing reports) that we will likely see a prolonged bearish market no matter what the fed does. Billion still being printed for Ukraine and not for stocks and cheap loans.
As I have it, I tried the fibonacci levels all across the impulse or motive waves by using the gold 618 fib and purple 786 to 886 fib.
Assuming this is a bearish rising channel or wedge, it might have 1 more upward move before its exhausted and done before it breaks down, signifiied by the supporting Trend Line.
The green area is a measured target based on reversing the 618 and 886 fibonacci levels, basically reverse engineered based on measurements from the target level to explain the current levels.. It also has confluence with the measured AB = CD harmonic.
Maybe it could be worse.
Please give me a like and share,
All the best,
S.SAri