🏀 The Ball Is In The Bears Court. (ES)💰 LET'S GET INTO SOME ES FUTURES CONTRACTS ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- 3day Chart
- Red Doji Candle
- 2/3 EMA DOTS Red
As of now we are looking for a 3day trend change confirmation. We are finally receiving signal of red Crossover and almost 3/3 ema dots alignment. Both parties will have a stronger confirmation on current market conditions at the end of week close.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
Es1!short
💰 +$4,500 In Just 1 Hour! (ES)💰 LET'S GET INTO SOME ES FUTURES CONTRACTS ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
- We were able to generate $4,500 in just an hour prior to market open on the emini futures contract. We will show how below and show proof of trade on twitter. 😁💰💰💰
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
🚨 Houston We Might Have a PROBLEM! (ES)💰 LET'S GET INTO SOME EMINI ES FUTURES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- A couple post back I posted that the emini for the spx futures contract was looking like a bearish head and shoulders pattern. What has happened since then we did bounce off of support back to the high for an even more bearish addition with a double top! Now we have came back down and cracked the neck line of the pattern that I told you to short if it happened.
- The ema dots all 3 align red and the crossover candle strategy is red with like we we said a neckline breach.
- Everybody should be watching the emini ES through the night to see how this week will go. So far it's looking ugly.
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
🤔 Look Like a Massive Head & Shoulders? (ES)😯 The pattern looks very clear to me and could be a potential move to put a lot of cheese in the bears pocket if we can crack the neckline.
I believe if the neckline breaks we could see 50 - 130 point drop on the emini. This would validate my prediction on the spx500 to selloff. This neckline will tell us major signs of what happens next in the market.
Stay sharp, lots of money to be made. Ready to see next week get started. 👍
Let's see how we finish up the week on levels.
Have an awesome trading day! ❤❤❤
🥇MLT | MAJOR LEAGUE TRADER
💰 +$761.50 Boeing & Emini (BA | ES)🥇Day 3 of scalping the markets for 5/5 100% winners! 💰💰💰
I think I'm really starting to fall in love with scalping the markets. I have always been a longterm swing trader and mainly focused on cryptocurrency. I believe that every market has it's own story and operates in it's own way. Cryptocurrency is a completely different market that never sleeps and has it's own way of how to trade that market specifically.
What I've been focusing on is sticking to my long term swings for crypto but now scalping the emini. I even scalped boeing today on a potential breakout that I was watching from pre market.
Boeing I did $136.50 scalp with 150 shares.
Emini I did $625 with 5 contracts.
Total = $761.50
Scalping leads to a total return of $8261.50 this week / excluding fees.
I will show you how I played the emini today down below and I will post results to my twitter. 😁👍❤❤❤
Happy trading! 💰
🥇MLT | MAJOR LEAGUE TRADER
💰 +$750 Within The Last 30 Mins! This Strategy Is Insane!!! 🥇 🥇 Day 3 trading the emini futures contract with our custom trading system the ema dots and the Crossover strategy. 3/3 big trade positions all winners! Up $7500 in less than 2 hours of trading total! I will update below here in a second. ⬇️
SP500- ShortHi
I have been net long since 2860's. I am flipping to short NOW. The reason is because of
1st- Bond market today rose 10% which is a sign smart money was coming to stocks. Only problem is this was on a TD9 Candle.. which means we should see a reversal in that move.
2nd - We are the .786 fib this a reversal point. If we go through this fib like butter then I have to accept we are in a trend reversal on the HTF and it's a case of buying the dips from this moment on. This is the place to put shorts if we follow the textbook.
Alex
iIMPORTANT PIVOT - SHORT TODAY - ES1! - 30 MNThanks for your likes and shares! Much appreciated!
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Nice short entry possibility because of the pullback on the resistance line.
If you are here now, there is a high probability of getting profits in the short direction.
ridethepig | A closer look at US EquitiesA timely update to the US Equities chart after a month of consolidation/chop. The energy building up here is immense, before you tackle what follows, you should quickly check that you are well versed in the notions concerning the retrace leg, the ABC sequence and passed crashes. If not you should refresh your ideas on these, because both of the following legs are necessary for full understanding for the next swing.
The question we are tracking is as follows:
After the 61.8% pullback from the sell-off, assuming equities do not advance beyond 3177, sellers have the possibility of opening a final leg lower opening the capitulation in the global economy. By playing the 5th wave lower, sellers release tension in the congested areas as naive short-term specs continue buying for no apparent reason. So why do these levels matter? Well, the 2892 is the measured target in the ABC sequence from the March 23rd lows, could buyers break back up as re-openings unfold? Not really possible as another test of the lows would be much healthier from a bulls perspective. It gives more time to load and re-position, even if in some modified form.
The next cycle down in the economy looks set to last into 2021, in other words all those expecting a V shaped bounce and running from the lows as quickly as you can are dividing the flows into two halves. For the sake of convenience we shall call this a "dead-cat-bounce". Remember we are tracking the two important fundamental charts on the macro side:
"It's Time"
"Alpha Protocol: Seeking Immediate Extraction"
Further pockets of shutdowns and social distancing measures will weigh heavy on consumer confidence, it looks unavoidable for the Northern Hemisphere Winter (December 2020) while in the background cooking there is a powerful urge to move away from Oil that seems to be unfolding. After the inconsiderable disadvantage US producers were put under via Russia, China and S.A, the battlefield has emerged:
But moreover, thanks to protectionism China and US are moving towards escalation. Foreign policy will provide the narrative for this final leg lower, Trump will attempt to establish lines of communications later in the Quarter with Xi although the damage has already been done. Follow the flows... capture the final leg lower in global equities, while the rest panic and begin to think its doom and gloom forever we can obtain the lows with cheap bids to exert pressure on soft buyers and later sellers (we can update the charts as we get down there later in June).
As usual thanks for keeping the support coming with likes, comments, charts, questions and etc!
SPX - Optimal trade entryIf SPX manages to retest the range where it broke down from, would offer a nice entry for a short with invalidation above 2936.
I shorted higher up, and am looking to add to position if we get it. Far out target is low 2600, maybe even a quick panic dip below there that will get reclaimed within a few hours.
ridethepig | Back to the lab...This purely defensive swing (betting against risk) is all the more surprising because, after the "energetic" advance from early dip buyers, anything other than a trap would have been expected. This powerful switch that is in play between buyers and sellers is what makes the combination a totally controlled 5-3-5 pattern.
So buyers do not believe in the solidity of the shock and see the stimulus measures chosen will make things better. Sellers who are in full control of the move down now threaten to undermine those naive early bulls on the 61.8% retracement; after that they will be ready to occupy the lows and extend towards 1700.
The aim of this idea is to build a timeless classic marking the beginning of the next leg in the economic cycle . No more, no less.
Yields are the one to watch; the inversion leaves any recession helpless against the stimulus because of the lagged effect. The lasting damage from "The Great Lockdown" will threaten credit markets for at least the rest of Q220. The inversion had to break off the journey lower and now the cycle perishes, history repeats without having got any closer to the 'solution'. From a very long term perspective, once the dust settles after this crisis (+/- 16,000 lows in Dow) we look set for a collapse in confidence of public services looks on the horizon. For those with a background in behavioural economics you will know this will trigger further capital flight out of Bonds and towards Equities which brings in long term targets into 2023 at +/- 30,000. Trump cutting funding to the WHO is a game-changer so it looks like we are set for another rush towards private assets via artificial devaluation of USD into 2035 which is the same target date for China's big tech strategy. To put simply, this is a dip worth buying in Equities eventually though, in my books expect further pain to come.
Now the 2's5's curve returns home, satisfied and in a good mood. The destruction, a final leg lower and a final cleanse of all the early risk buyers. A short, fast and violent swing. Full of dramatic events, the continual support from FED has not changed in appearance but it has been an expensive floor for them to put in.
A quick update in the odds of scenarios we need to track on the Fundamental virus side:
1️⃣ Bullish Case - Northern Hemisphere curve flattening with US and Europe opening early June. Will trigger direct legs back towards all time highs across the board in Equities (17% odds).
2️⃣ Inline Case - US and Europe opening in July with clear preparations for further rounds of social distancing programs that will come into play again at year-end through Q1 2021 as the virus migrates back in the Winter months. Opens up another calculated leg down in risk markets to sweep the current floor in place and early buyers (was 68% odds).
3️⃣ Bearish Case - How fast the consumer comes back and managing these expectations is the one to track and it boils down to whether people have the confidence to return to hotels, travel, shops, bars, restaurants etc… If ‘business as usual’ does not return as masses remain afraid then we can enter into a depression (15% odds).
It looks like we are set for a re-opening this summer and for schools in the West to go back in September. We will keep a close eye together on whether the inflows dry up, and will it be for long? We'll see. For now keeping a defensive stance, when equities roll over we will have a clearly defined swing and range in play for the rest of 2020.
SPX LOSS OF MOMENTUM LONG/SHORT DECISION-MACD suggests that momentum is decreasing.
-Minus DI over Positive DI with ADX not increasing -> suggests that the market has the potential to go down from here on, but still, not much momentum.
-Oscillators are overbought but decreasing.
:: We are likely to see SPX retest resistance. Market is overbought and longing here remains very risky. There is not much momentum and uptrend has been decreasing despite the gov. pumping billions into the market in form of reliefs.
:: Market is too optimistic. They don´t realise the amount of damage that has been dealt to the economic.
:: Unemployment rate is the highest in the history of the US.
:: At the moment the market remains unpredictable (Trump making new promises every day FED´s / Gov. pumping billions into the market) I would wait for a clear trend to take positions.
S&P500 SHORT- US claimsHi,
I am calling out BS on what the market has priced in.
1.I believe the market has priced the US jobless claims to be wrong. They are underestimating it.
2. It looks like a bear flag is forming and it has broken to the downside.
TA+FA supports bear
SHORT
Targets.
1st. Gap fill.
2nd. Lower lows.
S&P 500 next stop 2000 & financial crisis? Bottom not nearIn recent activity, the COVID-19 outbreak has stirred the global economy and the S&P 500 is no different. We have seen a 33% decline from all-time highs and we could effectively say that the strong bull that started in 2009 and rallied 411% is effectively over. If we consider the trend line to be the turning point.
The outbreak has stopped a lot of business from running, disrupted supply chains and caused multiple lockdowns. The borders in many countries are closed, airlines are unable to fly and are on the brink of collapse. We do not know the full effects of the virus outbreak on all of the world's companies yet but we will in the next few months. Countries around the world have been devastated and the bottom is NOT NEAR!
We're dropped so much closing under the 2300 level this week which kills investor optimism. There is key resistance to the upside, the first being the 2400 area where we need to see price break above and hold for a slight push to the upside. However, with the continuous spread and global lockdown, we don't see that in the near future. We have used the Fib levels to identify potential targets and 2 potential outcomes.
There is massive support at 2000-2080 to the downside where we can see a stall in price.
The 50% fib level is the massive support were watching around the 2050-2080 area. This could be the bottom for the next few months as the Fed and government is starting to push money into this market, one step away from just buying assets. At this point we would have seen a 39% drop from all time highs.
The second more dire scenario is a slight stagnation before the cases actually get a lot worse, companies closure continues and companies even start to bankrupt. Where the S&P 500 will be driven lower into the 1700 level, down 50% from all time highs before we start to see some upside.
W5T Elliot Wave, BITS, & Roller Coaster Indicators ES1Check out todays ES move using the W5T Elliot Wave, BITS, & Roller Coaster indicators together. We were still showing on the Roller Coaster a down movement from yesterday, barely stopped it out before it took off down again today. I use daily & weekly gaps with channels that worked to the tick today. Pulled 54 ticks out on the down move & 9 ticks on the retracement and stayed out after those two positive trades. What system and indicators are you using to find consistent moves like these? You are welcome to private message me and I can demo the software for you.
ridethepig | SPX Market Commentary 2020.02.13It is obvious that we are trading extended levels in US Equities and to a lesser extent Europe too. The blockader above from Tokyo yesterday must come as a surprise as Europe were inclined to buy the dip. What is surprising is that the resistance assigned to the current range at 3380 is serving its function of the highest order. So it ought to seem quite normal to trade a simple pullback on risk, and to treat it with the same approach as with DOW and Gold (see diagrams below).
With that recognition behind us, the Fed has revealed itself which is hard to maintain and thus the markets will manoeuvre to test the limits out to be correct, this in spite of a possible impact since after smelling blood they can use it to their advantage.
On the other hand, the selloff would be weak and 3300 will be a tough nut to cack. I prefer to play a test of the Weekly open at +/- 3325 but have room to roll up should we manage to breakdown.
As usual thanks for keeping the support coming with likes, comments and etc!
SPX 2020 Prediction, to start the year off weak! Then 3400?We just ended a decade and a wild ride for 2019 having risen nearly 30%. From here many investors and traders may assume that there will be a strong move lower because prices can't go up forever. Normally, however, after such a strong gain, markets have the tendency to continue to rise the following year.
That doesn't mean we can't see a pullback and that is what we expect at the beginning of 2020. After having risen so much in the last two months, green week after green week volume started to thin out at the top as the big-money left for the holidays. Meaning there could be profit-taking come January.
What happened in 2019?
-The Fed Cut rates 3 times, providing cheaper borrowing so big money took advantage of it and flooded the markets
-The Fed implemented a secret QE4, pumping USD into the economy
-The Trade deal has had great progression, looking to sign Phase 1 (To be signed of January 15th)
-Stock buybacks over $700B which caused artificial valuation of equities
So what do we expect in 2020? A slight pullback to start the year from profit-taking, we just hit a 1.5 Fib expansion level where price failed the first time recently. The expected pullback before the continued move is the previous broken high at first at 3155 which is about 2.95% of a pullback. The ultimate level we're watching for is the 3100-3105 where the impulse for the move higher had begun, that is a 4.3-4.4% pullback from the current price. From there price has the opportunity to make a move up to 3350-3400. However the drop has to be on low volume if traders are to be excited about the upside.
This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.
This is why the SPX is overdue for at least a 2.50% pullbackThe equity markets in the US have been moving really well through highs like its nobody's business, however as they continuously progress the moves get shorter and the pullbacks non-existent. Recent a 1.5-2 year wedge in formation was broken to the upside which indicates a bull trend continuation. Usually, the pop above the broken resistance will revert at least temporarily to the broken level before moving higher. This isn't a crash and recession call to all-time lows rather an opportunity to identify a potential retrace before a larger pop.
The facts are, the volume on this whole break higher has been terribly low, no one wants to buy a market at all-time highs and no one wants to sell because they want more profit.
Its been 2 months with just 1 red week and that red week was insignificant. The pullback brings the price down to the wedge break and previous highs at least 2.50% lower than the price right now. From there, there will be 2 catalysts that bring price higher.
1. A lot of big money is waiting for an "in" on the long side of the market and when deemed cheap enough will bid up the market by strong buying.
2. The Fed is still pumping A LOT of money into the economy at abysmally low rates.
Expecting a Bearish Impulse (STA)All these predictions are made by Quantitative Analysis Algorithms following short term trends. These Quantitative Analysis Algorithms will calculate maximum correction relative to previous impulses.
Relative to previous bearish impulse we are now in a bullish correction. So algorithm expecting a short term bearish impulse.