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Esfutures

ES stopped at its bull trendlineLook where it stopped, loosing 3985 will be very bearish going into tomorrow. Im looking for a long trade, ideally we make a higher low tonight. The pathway for tomorrow can be a gap up and then sell into Wednesday or Thursday Very important to watch that trendline holing and if broken, there will be a perfect short setup when it retests that trendline from the bottom. If it wont re-test the thredline from the bottom (again if broken down), then it will be very bearish! Im thinking we will see The whole Powell speech erased, support is at 3940-50ES for the whole move down. Lets see if the price can get there tomorrow, it will be a good long entry for a 40-50 points move up Also I have a great confidence that the whole CPI move will be erased at some point, will it be end of this year or Jan, I dont know at this moment. 15th is the Panic Cycle Day, also 1 day before OPEX. Best scenario is we bottom after CPI and rally into Last week of Dec As of now, I see a trading cycle turn bearish, so short the rips will be the game for me.
CME_MINI:ES1!
by RealTima
5
ES as long as 4084-93 holds, it has a good setup for a strongES as long as 4084-93 holds, it has a good setup for a strong down! Tomorrow should produce a buyable bottom for a rally on Tuesday. Full Moon is on the 8th, usually marks top or a bottom. So far its in topping process. Can it correct through time and move higher into EOY, very possible Ideally we see a low mid Dec (my ideal low is at 3750), that would be a perfect setup for a long trade going into EOY and Jan high. That high alone can get above 4200, can be a great ride. Will need to do some homework on my SPX chart and check if we can get that ABC move up into Jan high. One thing is I have a good confidence is that month of Jan will be a very strong selling/red month. So early Jan high will be a perfect short imo
CME_MINI:ES1!
by RealTima
ES flagging, will break to downside imoES is simply flagging, didnt really go anywhere with no vol. Watch tonight's action for a direction clue. Tomorrow (Friday) and Monday are directional change days, can move in one direction. I want to see a gap down on Friday and move up into Monday high. Dont want to see Monday as a low as it could invert the cycles and make the 1st as a high. Looking for a strong move down from Monday high into 1st low. CPI gap should get filled at some point, ideally we do it quick going into the 1st low. Happy Thanksgiving Everyone!
CME_MINI:ES1!
by RealTima
7
ES 4016 now support zoneI want to see a slow grind down to 4016-20ES zone for a potential bottom and then one more up to 4069-81ES to finish the whole move up Ideally we see that low on Fri open I have a turning day on the 28th, should mark the high. Below 4016 the price will see a support at 3990-94 and if below 3969-73.5 Make your bet for Fri open, share with others on other sites. Lets get a better picture of an average strawpoll.com Im short half size for 4020 exit or stop above the highs Happy Thanksgiving Everyone!
CME_MINI:ES1!
by RealTima