This is a weekly chart of the difference between the front month contract and the next contract in front for S&P 500 Futures. (Don't worry, you don't need to understand this lingo to understand this post, but if you'd like more information about what front month contract and next contract in front mean, I added links at the bottom of this post. To put it...
Bearish convictions: -DXY (dollar index) is currently in a falling wedge (bullish) pattern sitting on very strong support around 100 -102. Furthermore, while the DXY took a sharp dive, we did not see so much of a reaction in the SPX and across other equity markets. -VIX (volatility index) is currently sitting at strong support around $18 - $20 with bullish...
This is the ONLY bullish count i could possibly think of here, retesting the bottom of the channel and then going to attack 4222 before the final drop. Only bullish scenario i can think of. The market is f***** don't be long yet.
CME:SP1! AMEX:SPY CME_MINI:ES1! SP:SPX SP:SPX the writing is on the wall we will fall from .6 or .7
Use ES weekly chart RSI /Price Divergence to continuously monitor US market and predict the crashing timing. S&P500 ES (between 10-Feb-20 and 18-Sep-20) RSI diverged from price. Indicating the beginning of US stock bearish market??
The most common tweets I'm seeing this morning are "yesterday's/overnight lows should be re-tested" and "sell the rally at xxxx level." Feels like the more uncomfortable trade would be to hold (or add to) my longs from yesterday. So yeah, that's what I want to do
$SPX has broken rally and first levels of support. After being bullish from May 31 until late July, a few weeks ago I pointed to 2,940 in my weekly-email as a level where I might get more bearish and we're right there now. We'll see how the market closes, but unless it closes above 3,000 (unlikely) I'll be cautious for a few weeks. Cautious doesn't mean I'm...
Well, turns out we dropped through Friday's -3 VWAP stdev extension against the long trend. Happier to look for shorts again...because this is quite often a sign of a trend change. Going into tomorrow, I'm after shorts in the orange zone, longs in the blue zone. I want to sell as close to 2913 as possible, and buy close to 2890. Of course like today, it might...
1) 2338.75 represents 161.80% Fibonacci extension of the 2134 to 1802.50 move from May of 2015 to February of 2016. 2). Large put/call option open interest at 2250, 2325 and 2350. 3). VIX at sub 11 levels, 14 day RSI at 69, and SPX Shiller P/E @ 28. 4). Trade idea: Short ES_F @ 2335, S/L 2365, target 2255, risk $1,500 to make $4,000 per contract.
Looking for 2340. Wait the oportunity.
Watch the Fibonacci retracement levels on the way down for taking profits.
Since we failed to take out the recent 2150 highs during the last rally a Stage Four Decline looks possible. Historically this would lead to a deeper retracement than stages 1-3 possibly to the 1730 area.
Es is very far away monthly demand zone (1959.25-1794.75) but inside of a weekly supply zone (2105.25-2079.75). However it just created a daily original demand zone at 2091.75-2073.50. In these conditons, we are inside of a weekly zone where previously sellers had their strenght but the daily original demand zone may give us a difficulty going downard. We can...
twitter.com Weekly Bulletin tradewithcan.blogspot.com.tr
H1: We have an H1 original demand zone below (yellow box) 15MIN : There is a 15min original demand zone inside of an H1 zone (green box) TP1: 1:1 R/R Good luck! twitter.com
TP2: closed with profit nice trading today!
TP1 : 1:1 target hit TP2: i will be trailing till the 2nd target above twitter.com