Long bias in place, looking for a better priceLong still in play, but I'd like to get at least a little pullback. Might not though given G20 China news.
Featuring +/-1 VWAP STDEV bands too now.
ESZ2018_
ES punching through the ceiling?ES closed the week close to 2750, key resistance that held all week after Monday's drop.
I will be looking for short entries close to VAH and 2750ish going into next week. A strong break of Friday's +3 VWAP STDEV (2751) would tempt me into longs, but I probably wouldn't feel great about it at that price until we shoot past 2755...would need quite a bit of momentum for that.
I would prefer longs from the 2725-30 zone, between Friday's VAL and the closing VWAP.
Downside levels I'm watching: 2710, 2675, 2655
Upside levels I'm watching: 2780-88, 2800
Long story short, quite a bullish close to the week. I would like to get into longs at a better price though, at least somewhere at or below 2730ish or Friday's VAL. The closer to 2750 I can get into shorts, the better.
China?ES got a nice bump at the end of the session due to some China news (I think). Not sure this will be sustained into tomorrow though.
Watching 2750 above which has served as key resistance all week. VWAP closed at 2705, and I want to get in long below, short above ideally. A strong bounce of the VWAP close or through 2750 will likely get me into longs now. Whole bunch of support levels between 2655 and 2675ish.
Basically waiting to see if a retest of 2700 holds or not...and whether this week's key resistance at 2750ish holds.
ES levels todayNew monthly low today. Trying to get into shorts as close to VAH as possible. Will consider longs at VAL, yesterday's low and the -3 VWAP STDEV...or 2655ish below. 2752ish is the key resistance level to watch. It has held since Monday's US session.
Bottoming out or not?Not a drastic change in support/resistance levels since yesterday. Still looking for potential shorts around 2750, although I might also take a stab at around 2735 should short momentum support it. Might consider longs at yesterday's VAL (2725ish) and around 2710-15, but I am watching the November low below that too. If that breaks...yeah...poor bulls.
Looking quite bearish, we'll see if 2700 (November low) holds. Watching 2780 as a first potential upside target should bulls wake up and get the ball rolling through the resistance zone at around 2750. That resistance zone around 2748-55 is the one to watch.
November low, will it stay or will it go?Well, bears were clearly in the driver's seat today. Let's see if they can sustain this into tomorrow.
Interested in shorts somewhere between the VWAP close (2750) and today's VAH (2757.5). I guess a long stab around today's VAL (2722) wouldn't be horrible if price action supports it. Also watching today's -3 VWAP extension around 2710 and of course the round 2700 (November low).
The closer to 2700 we get, the happier I'll be to take long stabs. An overnight pullback to around 2750 and then more down would be nice & easy though.
There's an unbroken POC at 2650ish below too...
Key levels going into next weekWant to get in below 2783 for longs, above for shorts. Gonna watch Friday's VAH/VAL going into Monday.
If we make it past Friday's VAH, I'm gonna keep an eye on the round 2800 and the November high. Around 2760 was the area where Europe opened on midterm day. 2745 was the Asian low on that day.
Just gonna watch price action at those zones. Bulls need this back above Friday's last 2790 bump in a first instance...and I also kind of want 2760 to hold. Bears should keep an eye on 2790 for a possible rejection there. Got a very cautious long bias for now.
US Markets will continue to fall. SPX Short!Markets still overbought. Lots of uncertainty still looming. Last few days of pumping was probably distribution. Our flagship Apple is crashing, Markets will follow. Based on Fractal analysis, I think we see a double bottom at the minimum from the February Lows. SP:SPX
good time for a longTime to claim back some of last week’s correction. NAS also looking strong and long
Liftoff?Try to get in below 2914 for longs, above that for shorts. In the short term, I'm watching 2917 and 2911ish. Let's see if it takes another shot at the ATH.
