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
Esfutures
ES support and resistance zones for next 2 daysDont expect a full breakdown to 3750 just yet, but it will get there.
The best trade will be a short of the broken trendline!
Its coming, so if you want to short, wait for a setup, dont short in the hole here.
I will be looking for a long and then will short that trendline test
ES straight into the first support zoneI have exited my half ES short at 4020 and now long from 4018.50, looking for the gap to be closed.
There is still a chance for the price to hit a higher high, but the SPX should not get above the last week high.
The top is so near, it might come tomorrow if it was not already hit.
EOM sell could be very brutal, you were warn, manage your stops and leverage
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!
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!
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.