Es_f
Nasdaq Futures Trading Plan for 20181112Crossing up GREEN with notable volume = LONG
Bouncing off RED (failed breakout to the upside) = SHORT
Crossing down RED with notable volume = SHORT
Bouncing off RED (failed breakout to the downside) = LONG
ES_F low risk short again#ES_F testing previous lows.. the pullback rise has been too steep here is a short opportunity near 2710-15 with Stops above 2740. retest the levels of 2680 and lower again
My new indicator UP closes in the last 40 days ...My new indicator UP closes in the last 40 days ...
#ES breakdown of the swing trend line on the cardsES has been oscillating within the range, a close below the trendline will lead to a potenatial downside move
ES_F Pullback trade opportunity#ES_F has a low risk pullback trade opportunity here. 2745-50 are long term resistances and also upper extensions of long term composites. this has a likelihood to test 2720- 2705 on the downside.
/ES - Overnight SwingSimilar to my SPY analysis - i was a bit shocked on Friday and did lose on my puts at the 61.8% retracement level. I am planning to scalp this overnight and will sell after /ES reaches 24% fib retracement (2771-ish range)
If it rejects off the 24% fib, I am planning to long PUTS, predicting another impulse wave down. This wave down may break /ES outside of the consolidation triangle.
Marking this neutral since it is a short scalp. I will update the chart tomorrow morning.
Bearish /ES CountThis is a possible bearish count, with the A wave going in so fast its likely the B wave is complex, we may see a C wave which will be a 5 wave structure down to finish this Wave 4 correction. Keep in mind this correction hasn't lasted very long, but anything is possible from here
so close to bearish but not there yetthis market looking more and more bearish and im not saying were bout to go into bear market but there a couple thing you wanna watch. 1. look at the longer tail candle from the upside, this show major weakness from the bull and they cant push the markets higher.2 spy stop at just below a major SMA. 3 stronger volume on the down side. we also have bad pr trade war, inflation. Again im not saying we are going in bear market but bull market is over but expect a down move coming
Rising wedge in SPX futuresThe SP:SPX / FOREXCOM:SPXUSD futures seem to make a rising wedge pattern. After this, it may make a C&H pattern to complete a bottoming pattern for the coming days.
Possible scenarios for SPXI think there are 2 possible scenario's for the SP:SPX on a bigger timeframe.
Note that this is pure speculation. Only trade after confirmation.
Scenario 1: Back to the previous bottom and then bounce back up to form a head and shoulders pattern. Break out to lower territory imminent after a H&S.
Scenario 2: A weak market will cause the resistance to break immediately. This is less likely because there are still enough buyers (especially on American markets).
I think the bull market is coming to an end with an approaching trade war and an economy that can no longer grow. This is purely fundamental, but the graphs will show us in the future if we are right or not. Remember, trade only after confirmation. The market can still go up!
SPX futures still want to go lowerSP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).
/ES Target I'm seeing two scenarios shaping up, we have either put in a leading diagonal Wave1 and we are retracing a wave 2 now,or the B wave of a possible ABC correction just completed with an ending diagonal. We are coming up to a critical level, the 50 and 61.8% retracement of the previous wave. We will know in the next week or two which direction this market is going. Keep in mind we have only been in a correction for around 150 days, very short considering the how long the bull run lasted.
ES_F Fibos and S/R works for effective ProjectionsES_F marked a low near the 161% retracement of the recent swing, until it holds below the pivot highs of 2750-60, which is also the recent pivot highs, there is a fair chance to test the lower range of 2705 ( previous pivot highs ) , 2655 (261% retracement levels ).
Although a prudent trade here will be to wait for a confirmation below 161% range or short in pullbacks near the resistance zones mentioned above
#ES_F marked pullback from exact retracements#ES_F pulled back from exact 76% retracements zone of the swing charts on daily time frame. Any pullbacks to 2760-65 can be shorted for a likely test of 2730, 2705
Trading levels for 05/17/2018Hey guys here are the levels for trading on Thursday, we had a great day on Wed, as i say yesterday R2 was a good level for shorting the market, that was our plan yesterday and that's what we did today, you can see our trades in our last post on the comment section. For tomorrow i will have to wait to see what happens overnight, there is a lot going on but if i have to make a safe call, i will say that we will be looking to take some longs. As always PLAN YOUR TRADE AND TRADE YOUR PLAN, and keep working towards your freedom.
K.R.S.
Trading levels for 05/14/2018Hey guys, here you have the levels for trading Tuesday, we had no trades on Monday as we were looking to short R3 but price never came close to it, there were some opportunities to short R2 and R1 but we didn't get all the requirement to take the trade, moving forward we expect a little more weakness, we will be looking to sell the rallies. If you are a long term trader the Gartley pattern is still valid. PLAN YOUR TRADE AND TRADE YOUR PLAN.
K.R.S.
