Esfutures
ES is about to breakoutNeeds a close above 3971ES and re test of the broken trendline.
Im going to get some longs if it does.
Also have some 403 SPY calls for tomorrow's open, in case it gaps up.
If this breaks out, it can go over 100 points easy.
Waiting for a false breakout to short, ideally before the FED or right after.
Tomorrow's open is a gap and crap imo
ES watch the bull flagWhile NQ is getting close to its resistance, ES is about to break the flag here.
Watching the flag to break to pop in on the long side, otherwise not really doing much at this time
Watching the close above 3959SPX for a continuation into 4010+ zone next week.
Will jump on the long side if we hold that level on the close
ES has to get above 3880 and stay thereWell we got a big a$$ green candle after the CPI.
The crash possibility is off the table, now lets see what the price to show us direction.
First yesterday's highs were taken, bullish sign.
The price must get above 3880ES and stay there, then it has a great chance of pushing up.
SPX main resistance is at 3905-07, closing above will get us to 3960 and ultimately 4010-20SPX.
Failing to close above 3880ES will fade the price down, can be a huge trap if that happens
ES nothing has changed in my view, setting up for a strong move ES nothing has changed in my view, setting up for a strong move down.
Should revisit the Oct 13th lows at min on the next move down.
It was a lunar eclipse today, was meditating during the middle of it, woke up 3am my time.
Slept in am to wake up to this rally, now its fading.
Markets usually either bottom or top during/around the eclipse days.
I expect this to be over either today or by the 10th.
Ideally we move down into the 10-11th and then one more up into the 15th
ES we got ABC up from Sunday open, SPX didntI posted ES chart on the weekend with the ABC move up, we got that, but didnt in SPX
ES Daily MACD is around 0 and RSI is around 50, no mans land, unless its a retest before more selling.
Im sticking to this chart for now and will add to my short going into tomorrow high (if we wont see one today)
Its a lunar eclipse tonight and elections tomorrow.
This will start moving hard very soon!
Do not force yourself into a trap, wait for a setup and then take it.
Im swing short and have a small protection for a move higher.
ES should retrace to 3750-55 and then another push upThis is how I see it going into tomorrow's high.
I see a truncated 5 down from the recent highs and now we are in 3 wave up move to finish the wave 2.
I do belive we have finished the A wave on Fri push into the close, now needs a retracement down to 3750 and another push into 3815-35 zone.
Wave 3 should bring us down to new lows into 34 handle territory.
Ideally we hit my 3212SPX target and mark the low for the year.
I do expect a maj low to get hi next year, 28 handle and ideally 2455 SPX zone.
ES is close to breakdown, careful hereLower high and lower low so far, gotta be careful here.
I shorted first spike from 3866 and covered at 49, was few seconds trade. Not touching since after
I have only few puts left, rest sold on the first spike.
If it breaks, we short the kiss of the broken trendline from the bottom.
No need to over trade here, wait for the setup to come to you!
ES touched the bottom of the channelI didnt trade much this am except covered my ES put around 39ES as well as QQQ puts in am.
Going to do some research now and get ready for the FED craziness.
I personally think they will push it up, question if we break the trendline to trap bears or just spike up from the decision time
ES bullishLast week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account.
I expect buying to continue into next week and I'm interested in buying any weakness.
Green area is very exciting for quick moves if we are so lucky to get one. The yellow area is also in consideration depending on how price action materializes through the week.
Hard stop on all bullish intentions below 3600.
ES first support is at 3732-35 then 3709ES main support for today is at 3700-10
As longs as we hold today's lows, we should see lower levels into tomorrow imo
If it breaks out, check SPX chart I posted on the weekend.
Main resistance is at 3798SPX!
The price came close to it and retraced.
ABC structure from Oct lows is complete, 3 waves up are bearish, must hold 3820SPX on any close for lower to be seen.
I think we will re visit Oct 2nd low at min
ES first target got hit!Posted this first target during the trading hours, we hit first target - 3650-60ES
Now if looking at EWT theory, we got 5 down, now need 3 up into 3705-25ES target and then we start a strong move down,
My first main target for the whole move down for this year is at low 3400, 3389SPX is where unfilled gap is.
Then second and it was ideal target for the low of the year is at 3212SPX, will be very close if we see 3400 soon.
- I do believe we hit 3212SPX at min this year
Since my few weeks ago update, I have lowered my ideal target to 28 handle, 2855SPX to be specific!
Now, if it really wants to extend, then my extended target is in 24 handle, 2410SPX if specific.
But this update is not a long term update, so watching the numbers for tomorrow.
There are some targets Im watching - 3685-3700SPX or my ES target for the wave 2 bounce at 3705-25ES.
If we get above today's highs, then 3800SPX will be still in play, lower odds imo.
Here is VIX chart, looking for 29 to hold. Interesting how its going down together with the market.
The world is upside down now, nothing makes sense:)
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