SP500 - 4300Erationality at it's best.
However, markets do what they do and we follow.
Target 4300ish.
Medianline
SP500 - 4300Erationality at it's best.
However, markets do what they do and we follow.
Target 4300ish.
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.
ES Scalp ShortLooks like a nice short for a intraday play.
The Centerline is the partial target.
The L-MLH is the final target.
Let's gooooo §8-)
ES - S&P 500 Retest and Down We GoWith the "cooked" CPI, let us examine the ES Chart.
1. The dotted yellow TL's show the OVERShoot and UNDERShoot, which are perfectly in line with the Medianlines.
2. Price was going up from the Zero to Five Count and broke the confirmed Pivot 4. This leads into a potential new start of the next Downtrend.
3. From the red 1, up to where we are now (2023/01/12), this looks like a perfect market manipulation in line with the CPI. However, with or without CPI, we see where price bangs it's head to day on a intraday view. Right at the U-MLH.
We could either get a hard rejection from here, or price even get's pushed up to the yellow sliding parallel.
4. The Stochastic also shows a negative sign since price got pushed up to the U-MLH. If your backtest this Oscillator, then you know that most of the time there's a push in the opposite side before price synchronizes.
Or in short: Watch the Rocket Man §8-)
Stay save and trade with Brain.
CL Long out of ContractionPrice is in the upper half of the Swing and is in contraction - after contraction is expansion -
trade is for expansion higher out of the minor contraction to a new high. Have your Trade Plan
and take your chances.....
US10Y - 10Y Bonds: And Reverse Forest RuuunLet's see:
This was the chart I posted this year:
We reached the U-MLH.
This is the stretch to the upside. How ever, it could go further towards the Moon.
But usually, if price get rejected at the MLH's, we see the opposite move. In this case to the downside, to the Centerline.
This is a great opportunity, the second time this year in the 10Y Bonds, which I clearly will not miss.
Additionally this would indicate a bounce in the index markets (S&P500, Nasdaq etc.).And if you pay attention to my S&P Chart, then you know that the Centerline is reached too there.
So prepare for a possible bounce, even it's just temporarily.
ES - S&P 500 - Wash & Rinse, now LongHere comes the Wash & Rinse.
I was posting that we will bounce at the Centerline.
My timing was off for a couple days. But here it comes:
The move today makes sense.
First, we had news which where somehow not ultra bad.
But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet).
They washed the stops to the downside, and closed the GAP on the upside. If we now close again above the Centerline, I bet that we will see the long awaited bounce.
Let's see how this day will end.
I only trade super small, because in these markets this is the only way to control risk and be involved if you don't have tens of millions.
Stalking Hat On!
Crude Oil - Bouncing where it's highly expectedThe Crude train to the south stopped exactly at the monthly Centerline.
I think this could pave the way for good opportunities to the upside.
Stalking a potential trade in here.
Zinc To The Moon ;-)Watch the Forks!
The long term indication (Weekly) is clearly up.
On the daily chart, price holds exactly at the Centerline/Medianline.
If they can manage to hold this area, and build up a nice position, then I see high chances that price will rocket up even higher than the last High (3)
Let's stalk this market and see if we can hop on the back of the Whales.
P!
GOLD SHORT UPDATEThe price break through the upper parallel line, wasn't expecting that; however the price didn't made another higher high and formed double top pattern. Indicating bearish movement next week. Going short again now seems promising. #OnlyAnIdea.
ES1! - SP500 Pitching with Pitchforks.Hmmm....what shall I say?
Studay the charts?
There is no secret, no magic.
It's just a tool that catches extremes and the center of a move.
That's it.
Call it mean-reversion.
Call it Medianlines.
Call it Pitchforks.
In the end, the only thing that matters is to know how to use your tool. Master them. Learn to earn.
GOLD SHORTThe price doesn't seem to break through the upper parallel line. The target Price is the nearest Median Line.
SP500 - ES1! targeting the CenterlineThe pullback from yesterday did not last very long.
The overnight market is pushing price down again.
Currently the move has halted at the 50% range of the Up-Leg.
The simple target will be the Centerline, further downside is open.
GC1! - Gold is breaking every barrierThis monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be:
1. a close above the orange Centerline is an indication for long
2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line.
3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH.
So there we have it.
Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months.
Let's see and observe.
S&P500 - At The Centerline, Potential PullbackFirst, there are two very nice Sine-Waves.
These are "complex" legs in the count from 0-5.
Currently price is fighting at the Center-Line.
It's the same price region where the market found its prior support.
There are two possibilities when we reference the Medianline (Pitchfork) rules:
1. Price will hold at the Center Line and pull back in the opposite direction. The major target would be the U-MLH (Upper-Medianline-Parallel).
2. Price will shoot through the Center Line, pullback to it and continue its path (in this case to the downside). The major target is the L-MLH.
Are there any other signs to give us a clue for a Long or Short Trade?
Let's see:
- the Stochastic is heavy oversold.
- the Delta has good divergence.
- price at prior support
How to play it?
Why not reduce the risk and go with Micro Lots, or some SPY BP Spreads, to maintain you good sleep §8-)
S&P - ES Bouncing At The CenterlineNice how the rules play out here.
ES is bouncing exactly at the Centerline.
This means, there is a high probability that we see at least a pullback to the North if we hold this level on the close.
Let's observe.
DJ30 SHORT IDEAAfter the breakthrough of the support bar, and making LL and LH, the price indicates it will be bearish. There's a high possibility of reaching the crossover with the minor and major pitchfork median line. Stop loss at the recent LH and take profit on the crossover. #idea
SHORT NATURAL GASOngoing trade on natural gas—target price nearest median line parallel. So far now the price has breakout nicely and follows the dow theory.
FedEx - I'm a buyerFedEx landed on the CL to the dime.
Can it go lower? Sure, but chances are high for a bounce at this tretched level.
Me <--- rather long than short.
S&P500 at the Warning LineAccording to the Rules of the Medianlines (Pitchforks), there is a high potential of a reaction from the Warning Lines (here WL1).
On strong Trends, price will trade through it and down the the ML (Medianline).
Be prepared for both scenarios.
NZDUSD SHORT ideaThe chart pattern formation (Double Bottom) indicates that it's leading to a short trade. It will likely reach the nearest Major median line and minor bottom median line parallel.
15 MIN GOLD SHORT Starting to make AAD pattern. Will make entry if the AAD pattern bullish flag breaks out. Take profit on the median line.
