Es_f
Not over yetES_F is quietly trending towards a crucial resistance at just below 2700. While stays below the correction is not over yet & bears are controlling the game.
How I see it Pt 2I'm looking at the futures because it gives me a cleaner look than spy. This is how I see it playing out, and my plan for it. I will be legging into my short at Option A zone with a 60% position, with remaining 40% being entered into near option B or upon failure at A. using sell stops. Good luck and I hope this helps someone.
Testing a crucial resistanceIf crude breaks out higher through the resistance if could outperform stocks in the months to come!
Fractal comparisonBTCUSD vs ES. If ES will follow a similar path than BTC recently we could see another leg lower.
Fib Line Hit on DOW & S&P78.6 Fib retracement hit on ES from all-time-high to 2/9 low. NASDAQ showing major bearish divergence on RSI, as well. Selling on high volume...Looking for further downside ultimately to 'C'.
Can we get a pop?Can we see Nasdaq closing the week at a record high and S&P 500 breaking through the falling trendline and horizontal resistance? If not today, I'd be expecting this early next week.
Hope we don't see a big red candle today as this would negate the view.
RiskyES has been steadily recovering since the crash early Feb. If the rising trendline support doesn't hold, be ready for another leg lower, possibly a retest of lows. At the moment I'd be rather on the safe side, so neutral.
2200s the target AFTER this pop. Should see some bullish action today and into early next week. NOT TO BE CONFUSED WITH THE HIGHER TIME FRAME TREND.
THE BIG TARGETS ON THE DOWNSIDE ARE IN THE 2200s AND THEN RIGHT AROUND 1920/1930.
No straight lines. Just something to keep in mind big picture.
p.s. we NAILED this short omg.
S&P 500 -- STFP or BTFD? Short the fkn pop or buy the fkn dipThis is the S&P 500 Futures chart. Currently, we have breached the 200MA. If the SPY gaps below the 200MA tomorrow and does not break back above, then I believe we may be days away from the beginning of a bear market. What i'd like to see happen is the SPY holding its 200MA and possibly popping back up around its 100MA. If it does this I will enter a short position.
2659 or better potential for SPX based on measured movesThe way breakouts typically function is with measured moves as a way of determining how far price will move until it reaches its climactic point of selling. In this case, I measured the range of the top to bottom in our past 5-7 trading sessions and determined that 2659 would be a decent level to cover some shorts or initiate a long day trade idea. Heres why, the length of the move will coincide with central bollinger band, thats the only technical indicator I used. Also moves tend to overshoot so this measured range of 15-20 points may blow straight past my target. Lets check in on this idea later and see how it worked.
Number of consecutive bars price without 10 % drawdown ...Analysis of max drawdowns and number of consecutive bars price without 10 % drawdown ... Recession shades...
Number of consecutive bars price without x % drawdownAnalysis of number of consecutive bars price without x % drawdown
ADL, NAAIM, AAII, MARGIN DEBT for SPX analysis ... NYSE ADL data, NAAIM data , AAII data and NYSE MARGIN DEBT data for SPX analysis ...
ES_F CFTC COT %IO NON COMM SPREADSAnalisys of futures positions on ES_F and days since positive (long > short) and negative (long < short) ...
SPX Consecutive months with and without all time highsAnalysis of SPX Consecutive months with and without all time highs..
Average percentage intraday range and percentage max drawdownsSimple analysis of daily ups and downs and max drawdowns ...
Consecutive number of days since red down three days in a rowConsecutive number of days since red down three days in a row...
Number of days with percent difference between price and MANumber of days with percent difference between price and MA above and below zero
SPX Nr of consecutive bars price % of stocks above 20 day MAA more complex analysis ... SPX Number of consecutive bars price with % of stocks above 20 day moving average above 80 and below 30.
