Es1
E-mini S&P 500 - Daily Relief Rally - (Possible Bull Trap)E-mini S&P 500 - Daily Relief Rally (Possible Bull Trap)
Taking a look at short-term swing upside & downside targets
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
ES1! KC1!9. 23. 22 This is an overview of the ES, which is going a lot lower. Coffee came back to support, but if you're willing to work hard, you could have made this a profitable day. There's also an overview of a bear market, which in real time is never that easy to trade. Generally, bear markets have to go low enough until the fires really give up. As the market moves lower from the top, buyers will step in and disrupt the downward movement of the market. It's very easy to get stopped out of a bear market in the beginning of the move lower.
The Spyder and the Fly - SPY analysisI have a few things to do here so just a quick update on spy. I do think a surprise rally higher than most expect is possible here, the 18ma on daily is the target for both bulls and bears in my opinion - bears want to see it hold, bulls want to see it surpassed. Triple witching is tomorrow so expect the unexpected and for me that's a substantial and surprising rally. Lower than 392 would be problematic but at the same time it could be a whipsaw to entice bears to short. As long as the structural trendline holds, I'm staying long with a light position. Good luck!
More ideas on the possible Triangle B - BBs, MAs, and FibsThis is an alternative to "the big picture" post I made yesterday and why a Triangle for B has some logic to it. This is where Weekly indicators can help imagine larger patterns through support and resistance. A chop sideways would also frustrate most traders and catch them off guard when the lower drop happens. I hope you enjoy it.
"The Big Picture" aka the "Tom Lee thesis" - E mini futuresAfter today's CPI it looks like we're in a last C leg down before a much larger B wave starts. This would be a very surprising and unexpected rally to about 4500+, but I can see a lot of beaten down stocks finally get their substantial bounce from this larger B wave rally.
I was watching Tom Lee talking about "buy the dips in the 2nd half of the year", and if the pattern is correct I believe he's right. Of course, the B wave would ultimately be followed by the most vicious C wave we've seen in our lifetimes, so I'm not sure if he would consider selling at that point, but I agree with his statement that "dips should be bought in the fall".
This dip I believe gets to 3750 before a major rally up. It will be dramatic, fast, and painful and that's exactly the reason to buy it. If we get under 3600 this idea is likely invalid. I will update from time to time. Good luck!
Fall trading has begun - SPX 500 USOIL BONDS WHEAT BTC DXY GOLDALl in the video, still bullish on the stock market, but a small sell off first would be appropriate to trap shorts. OIl looks like 92 target should come sooner rather than later. Bonds still under the channel. Wheat still looks great. Gold looks promising and the US dollar likely pulls back to help it. BTC hard to tell but I would think higher after a small sell off.
S&P 500 (and Crypto) - What's nextSP500 is the most straight forward and easy to read chart at the moment and probably the best way to know what to expect tomorrow.
i say tomorrow because this week starts tomorrow! Today , Monday the 5th September is Labor day in the US and Canada so not much to see but rest assured: tomorrow volatility will be back..
Until then? Slightly Bullish but mostly UNCLEAR...
Better save energy for tomorrow.
One Love,
The FXPROFESSOR
Why I'm Only Shorting Rallies in E-mini S&P 500 Futures ES1!Environment is everything. If you are a short term trader or swing trader I believe it's always important to have a bias of direction. The bears recently took the bulls punch with a decent rally off the lows and the bears fought back with vengeance. This is not my opinion, this is what my strategy tells me. In this video I go over why I'm so bearish the E-mini S&P 500 futures ES1! by using an Auto Anchored VWAP, Anchored VWAP's, 10 day simple moving average, Bollinger Bands and the RSI.
Past performance is not indicative of future results. Derivatives trading is not suitable for all investors.
The Monday Sample Pack - SPX500 USOIL BONDS WEAT GOLD BTCA Monday update with all the usual suspects. Liking SP500 for a large bounce, Weat is tasty, OIL to 104 looks good, BONDS sucking wind, GOLD, nice reversal, BTC expecting upside but maybe one more down (along with markets). In general I expect the week to be positive.
Also, GEO is taking off. Good luck!
KCZ2022 ES1!8.29.22 Today's review a coffee and the ES. I think you need to be very careful with coffee which can definitely have great move and is volatile enough to be a market you want to follow. The ES had a great reversal lower, and seems to be developing a trending swing lower. however, it came to support and may trade higher for a period of time. I think it will eventually find sellers and I want to show you how I might use my tools, and how I think the market might trade.... and even be profitable for buyers and sellers the scalp.
The post - Powell autopsy SPX500, BTC, USOIL, WEAT, Bonds, USD OK, the last video for the week after the markets got murdered today. Unfortunately I was being optimistic and got caught in a loss - it happens. Other trades are looking good - OIL, BONDS, WEAT especially. BTC looks like it's ready to drop, Gold may too. Both being pressured by the US Dollar. The Dollar rally will continue to make headlines. OK have a great weekend all and see you next week!