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Stocks Put A Top In This Week! Further Downside to Come!ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM, we got a FULL All the Way Half Way Back Short this week, going back to the 50% line on Friday and selling off from there. Look for a gap up on Sunday night/Monday and a sell into strength of a 2nd test at the 5272.50 level. Our Target is all the way down at the 5158.25 level, over a 100 points away. ####TRADE ALERT#### ES (US 500- S&P500) Call: Short Entry Type: Limit, ideally better than 5262.50 no worse than 5245 SL: 5290 TP1 / TP2: 5158.25 ###################
CME_MINI:ES1!Short
by CeresTrader
S&P500 on the way to the projected levelHere we are, seeing the projection I posted on my site and here becoming reality. P4 was slightly above the Center-Line. How price is falling through it. Next Target is P5. Either the Warning-Line, or the Lower-Medianline-Parallel. In between I expect a bounce up to the Centerline. Also, keep in mind that we could get a HAGOPIAN! That means, if price is not reaching the L-MLH, and pulling back above the CL, then possibilities are up for a huge move to the North. I took partial profits as shown in my last video on YT today. The rest is riding down to one of the targets. Steak & Lobster Baby! §8-) Wish you all a happy day.
CME_MINI:ES1!Short
by Tr8dingN3rd
S&P 500 -Short if closeing in the ForkThe count speaks for it self. However, P5 started a new count to the downside. The under- and overshoot where wonderful. Picture perfect I would say. But price traded back into the Fork again, not able to reach the Centerline. We (Medianline & Pitchforker) call this a HAGOPIAN. So, price should go back farther than from where it came (P5). But so far it couldn't reach this level again. And if the ES close today lies again within the Fork, then guess what we have? Right, a new HAGOPIAN and again a target way below at the Centerline. Which one? I leave it up to you to manage your trades.
CME_MINI:ES1!Short
by Tr8dingN3rd
Volume gap on ESKeeping this one short and simple there is a nice volume gap above and we are at a decent support level. High volume green candles the past couple of weeks. With FOMC wouldn't be surprised to see a high volume green doji into a blast off near the top of the trendline. Could even see it breaking out of the trendline a bit getting people saying the bear market is officially over then slam. This is a mere guess I would not bank on this at all never financial advice. But interested to know you all's thoughts and feelings on what is coming next.
CME_MINI:ES1!Long
by EZmoney24
ES1! - S&P 500 Too High Too FastFrom yesterdays session, they strangled the S&P too high too fast. This will probably lead in a nice short micro crash to the center line. Do you see the daily chart? Price is exactly at the center line, and a 50% warning line confluence. Price just follow the rules of the Andrews Medianlines: "If price breaks through any Medianline, it pulls back to it, before continuing it's path." This would indicate that price, even on the daily chart, would decline further. And chances are, that the short term trade to the red center line contains a high chance to work out. Details: - price opened outside the orange pitchfork = price is reversing (south) - a test/retest up to the L-MLH of the orange pitchfork is highly possible, even above the last high of 3973.75. - the stochastic is in overbought territory, preying to relieve some steam The Trade is cooking. Now there's nothing else to do than wait and observe. Happy Friday everyone.
CME_MINI:MES1!Short
by Tr8dingN3rd
1
S&P500 - Too good to short?Many indication point to a near term short. 1. The blue Arrows measures the pullback swings. Currently we are exactly at the highs, where price usually turned south. 2. Price got rejected again right at the KillZone 3. The A/R Resistance converge with the current high. 4. The indicators MACD & RSI signal short. So, what's a Trader to do here? Could price move even higher? Sure, no doubt. These markets are highly manipulated and trading totally crazy. But...we are Traders. We live on probabilities and good money management. For me, this is a superb bet. And how could we play this short? Because of the volatility, I stopped to go in with the whole position in one spot. What does that mean? It means, that I enter such trades in 3 stages, using reverse pyramiding. It can be with the underlying it self, or with substitutes, like Options, or even a combination, depending on my risk and greed level. So, why not just enter with a small position in the Micro-Futures, and pump the trade up on confirmation? Bet small. You can always re-enter any market, as long as you have money in your account! Stay well, trade well. #pigsgetslaughtered
CME_MINI:MES1!Short
by Tr8dingN3rd
S&P - MES1! Divergences & Sine WaveDivergence The AO Indicator and the highs show us repeating Divergence. Sine Wave The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp. Fork And finally the Pitchfork. This instrument reveals us the center of the whole two part up-swing (Sine Wave). At least there is a over 80% chance that price will reach the Centerline. So, partial profit taking would not be a dumb idea. My short will be initiated on a break of the dotted Trendline.
CME_MINI:MES1!Short
by Tr8dingN3rd
ES really short ES is dropping hardly, breaking a really good support at 4699 alongside the HMA 209 and we have the 369 HMA supporting the 209 HMA, coming back doing a pullback on the 369 HMA and breaking the 209 HMA under it. and then dropping to the 4610 support point, and breaking it with a huge force, with a large volume. don't forget guys, price broke a channel, probably a pullback can be expected, but under the latest circumstances, and in shade of inflation price shall open bearish for next week
CME_MINI:ES1!Short
by Amzilismail
ES - S&P has to finish it's job yet.The white up-sloping lines are the lines of a LT Pitchfork. The dashed one is the WL1 (Warning-Line 1). Price was not able to find support above the WL1. So it's naturally break down and...we see a classic retest from below. Picture perfect rulebook trade! Then price trades south again and nearly meets the Centerline of the yellow Fork. The red dashed line is where I expect price to retest as it did at the WL1. From there, the final move #5 will blow out the last longs...happy new year! If I where short, my first target would be at least the U-MLH of the white up-sloping Fork. Additional support comes in where price was fighting, which is expected somewhere in the blue zone. P!
CME_MINI:ES1!Short
by Tr8dingN3rd
2
ES - E-Mini ChallangeSince I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind. This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do I... OK, here is a trade I consider: If price closes below the L-MLH (white), I would stalk a short trade. My idea is to wait for a potential pullback, a test/retest. Hunt mode on... P!
CME_MINI:ES1!Short
by Tr8dingN3rd
ES - S&P Update shows correct assumption, but with time-delayThe dashed arrow comes from the prior post. As we can see, we cannot expect the market do immediately what we wish. But at least we have a clue, how good our assumption, tools & systems are. Now, we are at multiple resistance points, with ES below the centerline. Most of the time this is a no brainer, and my shorts are already in and working. Since I also expect the VIX to rise more (...as a natural function of faster declining markets), I have Vega-Hedged my positions and my options portfolio is now pretty neutral. Looking forward for the decline in the following days... P!
CME_MINI:ESM2017Short
by Tr8dingN3rd
2
ES E-Mini S&P500 - 2045 to 2040. Read why.Price fell below the centerline. Remarkable are the couple of retest's. Price could not manage to slip above the centerline again. There are two other possibilities left: either price go sideways, or down. Since price and everything moves in swings, I see the down swing bevor my eyes. The further analysis even give us a target, the lower MLH is one. Another one is the centerline of the yellow fork, since we know that price is reaching the centerline over 80%. Besides all the pro's & con's, all in all it's just a trade, nothing more. Managing the risk and holding to the trading plan is the goal. P!
CME_MINI:ESM2017Short
by Tr8dingN3rd
8