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ES - 1 Hour Micro Range / Full Range Weekly HWBBull Flags... from the Methaqualone Pranksters. Violent 1 PM EST News cycles continue to provide, sudden and violent drops. Giggle took its turn with a reduction in the Rate of Change of Hiring - aka LAYOFFS. Expect many more to come... they will. Wally World has its special brand of Agenda during the Summer Squeeze. SPY Put Bagholders continue to try to "Catch the next Collapse" - only to be squeezed on out again and again. Day 14 of this Junk Co Fraud. ECB rate decison @ 8:15 AM EST... DX VX Ahead. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ It's become a joke at this point after pointing out Tesla's financial rigging for years... but - surprise - another total game of hiding the Gorgonzola. Pathetic, the Inventory Parking lot... Disneyland for Fanbois. Tesla will head into the BK dumpster, patience on the Puts as the Riggers on the Trigger managed to unload a whopper and will again. $320 should be the next lower Range Extension - time is all as this Toxic Swill of a Tech Co deserves the bludgeoning it is going to receive. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ We got more to come, as they say, the Hunger Games for our Break Away Class has no shame, they want an outsized payday and they'll be damned if you interfere with pesky Sells, it's all about the Stimmies for Corp Co's and their Grant Writers. Corrupt to Core, but fighting it, for now, will cost you, they are hungry for "No Raegrets" +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Anticipate this BS continuing into July 28th and GDP . The BAd news is being propped heavily. Thus we should not and cannot deny.
CME_MINI:ES1!
by HK_L61
23
Phillips 66 (NYSE: $PSX) On Bottom Of Bullish Channel! 🔥Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
NYSE:PSXLong
by RedHotStocks
3
A golden cup and handle trading setup..!Entry: at the market opening price Stop loss: closing below 81 Reward/Risk: Target range: 94-115 Time Frame: 4-12 wks Possible gain:10-30 % Possible loss: 3.5-5% Position size: 5% of trading capital You can see the most important support(green line) and resistance (red line) levels. Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:PSXLong
by Moshkelgosha
2
ES - Daily Structure / Count with LevelsEPS Season has been in line with our Projections for Q4, dismal would be Kind. As we move into Tech Reporting, it is important to remember Apple's guidance fro 10 Million iPhone Delivery was low, and share buybacks were to be halted into EPS during the Blackout Period. Money Center Banks began reporting and were Sold. Retail Sales missed by a large margin. ES closed flat Friday. 10 Year rose 8 basis points Friday. The BOE's 10 Yr and The Mid Bund rose 4 basis points as well. We are approaching the next FOMC on January 25/26th. FOMC Voting Members have become increasingly critical of Powell, suggesting the Federal Reserve is well behind the Curve in raising FED Funds and going so far as to suggest it may be necessary to increase the Dot Plot to 4 to 7 increases for 2022. Clarida departs next week. _____________________________________________________________________ Oil was up 2.7% Friday. Friday's Price action was one of indecision. Investors are not gaining confidence, they see FED FUNDS increases as a potential threat to Forward EPS. There has been an aggressive move down from All-Time Highs. ______________________________________________________________________ The Chart Structure is quite Clear, the only reservation is one of "B" and its potential for a retracement. The Value Line Index has diverged from the S&P500, this has historically been an important warning for further follow on the downside. Fear and Confidence have been shaken, the FED is no longer (Short Trem) able to gain the upper hand and turning on Policy... only compounds the Issues. Over the past 22 months, every Dip has been a buying opportunity. Of late this has not worked out. Lower Highers on VX with Higher Lows, it is wedging into a Break, a rather Large Break. _______________________________________________________________________ Many of the younger YouTubers and "Analyst" have been suing Short Term Technical Analysis to justify and unwarranted Bias. Peleton Pumper - "Meet Kevin" saw his #1 Tout lose 80% of its Price. Everyone is a genius in a Bull Market. ________________________________________________________________________ S&P Market BReadth is trending lower as the 711s have been the Go To trade. There are a number of Divergences, all very Negative. Retail will attempt to buy the 200 SMA Test. It resides @ 4420, it aligns nicely with .618 Calc @ 4426. As this develops, we will see IF Structure 4/5 completes 1/5 and how 2/5's ABC Replacement unfolds. __________________________________________________________________________ We would anticipate this to drag on into March into the completion of 4/5 after the 1-5 ABC. We see a Gap on the ES @ 401 being filled within this correction as a higher than usual Potential.
CME_MINI:ES1!
by HK_L61
8
ES - 4 Hour / An Extreme Range for Q1 2022This is the one Chart that provides the clear and very present Dangers ahead for Q1. We know Q4 was unwell for EPS. China was shut in the Majority of the Quarter and became increasingly bellicose to its Trade Partners. _______________________________________________________________ With 356 of 505 ES components in the Dumpster Fire which continues to be stoked with Geopolitical Risks and endless Vectors which provide concern in spades... The 711s continue to be the Prop - 28% of the ES weightings in the top 6. Underlying Equities have been wrecked already, which has proceeded every "Crash" prior... for Follow on Year, the magical month of December. We are not anticipating a traditional "Crash" but it will feel like it for the Endless Bulls / Dipper / Chippers / Meme Degens / Klepto Passive INV ETFs. ________________________________________________________________ Breadth must expand or it's more Gasoline on the Dumpster Fire. The range above shod is of concern.
CME_MINI:ES1!
by HK_L61
ES - 15 MIN / 3 Trendlines - VX CompressionMoving up on declining volumes again, each successive squeeze finding less participation. Yesterday's open find a swarm of Put buyers @ the CBOE. They became fuel for the Squeeze. ________________________________________________________ They attempted Revenge the remainder of the Day using Futures... And remained fuel. 2X the beating. ________________________________________________________ Micro / Daily / Weekly Trendlines extends from ~ 4813 to well over 5000 depending on the Slope. Viewing the 4813 as a ceiling, in all probability is unwise as the anticipated squeeze to overthrow, is a favored tool. What should have been a mild day, of ranging and consolidation into ALGO Tuesday.... arrived on Monday. The AI continues to mix it up into the Close of 2021. Run and Gun into Friday where final squaring may provide some relief from the relentless GRIND HIGHER. __________________________________________________________ Good Trading as we chop out new ATHs in the ES with the heavyweight Techs moving higher and higher.
CME_MINI:ES1!
by HK_L61
1
ES - WTFStop run on increased Momentum or Turn and Burn. The higher UTL resides at the 1.618 @ 4830 Breaking above would be a Long Term Trend Break. Probabilities. The Lower UTL resides at 4785/90ish depending on the Turn. Indictors flip flop - sell sell buy buy sell buy buy buy. ___________________________________________________ Where and when this begins matters, but Trend Lines have provided the Rejection for months on end. Lower High means Lower Low Higher High... 4 never began. Pattern - SELLOFF AM / PM Session Bid it back to up to new Highs. Early VX Chasers have been burned for a week running, they will be again. PAY.tience
CME_MINI:ES1!
by HK_L61
ES - 1Hr Structure / POsOne by one each PO is being met. Indications on ST TFs were deeply oversold. The Key will be the VX Compex and Curve as to how far this RT can run, it looks very similar to another point in time under precise conditions. We warned caution, wider ranges, and danger for SElLERs and have remained 100% Cash as the entries have arrived during Globex. Price is all within the VIX - how far this can move up. _____________________________________________ Analogue next
CME_MINI:ES1!
by HK_L61
9
ES - 1 HourWhere to place Stops and where to Enter into Momentum and Potential change in Trend is Illustrated on the 1 Hour Chart. The 4 Hour Draw is on the Far Right and uses a House Draw from 4590 to 47.12 ___________________________________________________ Use the S/R for Entry, Price can move from 1Hr to 4Hr as the Algos attach to each TF and move pieces about the Board. ___________________________________________________ * Please do not ask me to provide BUY/SELL recommendations - Ever. IF you persist in doing so - there will be no further responses. IF you are unable to understand Commentary, no issues explaining. IF it is clear you made zero effort - non-response. Please act in kind, responsibly, with a modicum of time considerations. ___________________________________________________ Or this Forum will cease to exist as it becomes a less desirable Opportunity Cost. Thank you - HK
CME_MINI:ES1!
by HK_L61
2
Post 10/28 Earnings Announcement Analysis Post 10/28 Earnings Announcements $XOM, $CVX, $PSX, $AON, $CL $XOM - Exxon Mobile Reported EPS of $2.96/share - beat estimates of $2.20/share Earnings of $6.8B vs.($296M) in Q3 FY20' Revenue of $44.7B vs $45.4B down (1.54%) YoY Operating CF of $12.1B FCF was a record-setting $6.7B Returned $3.7B to shareholders in dividends Reduced debt by $4B - bringing debt/capital ratio to ~25% Up 1.76% after hours $CVX - Chevron Reported EPS of $2.96/share Revenue of $44.71B up +80% YoY Returned $6.2B to shareholders in dividends Repurchased $625M of stock Reduced Debt by $5.6B FY21 Spending down 22% YoY Net Oil-Equivalent Production rose to 3.03M bbl/day - up 7% YoY Up 1.64% after hours - up 34% YTD $PSX - Phillips 66 Reported EPS of $0.74/share - beat estimates of $0.60/share - up 163% YoY Earnings of $712M Revenue of $27.89B Operating CF of $1.7B Returned $841M to shareholders in dividends and share repurchases Announced new $3B share repurchase program Up 2.75x% after hours $AON - Aon Reported EPS of $1.53/share - up 14% YoY Revenue of $2.7B - down 13% YoY Income of ($801M) down (282%) YoY FCF of $1.14B - (40%) YoY Down (%2.52%) after hours $CL - Colgate-Palmolive Reported EPS of $0.75/share - down (7.0%) YoY Net Income of $681M down (9.4%) YoY Sales of $$4.4B - up 6.5% YoY Operating Profit of $976M - down (4.12%) YoY Operating CF of $2.2B Up 0.35% after hours
SP:SPX
by jnallain1
ES - 15Min / Setting up for a Reversal Gap(s) Below should be filled. Will Pirce hold up until Thursday, Apple Reports... Core Durable Goods @ 8:30 AM EST. We witnessed Sellers intent, Highs were SOLD in the Equity Complex. Price should chop along the Range at highs until it rolls back over. We anticipate the Lows to be tested and exceeded moving towards the 200SMAs. The VIX will need to complete its setup as will the VXN. This rushed move back to Highs was fueled entirely by Retail ETF INV Buyers and the Fute's Sellers. At present, they are gunshy, having been run and run quite hard. Swing Traders are yet to reposition in size. Expect wild swings in both directions into November, Ultimately, we believe the Indices give up the ghost and begin to trade lower. There are far too many Conditions within the Market Structure which do not support Price being Sustained much longer.
CME_MINI:ES1!
by HK_L61
1
ES - 4505 Breaks and Potential Fill to 436510 Year Note Yields are at it again. ST indicators were Overheated. A small countertrend correction is due. The Rising Wedge failed to continue as Momentum began to wane. A Gap FIll remains @ 73.42% on Thursday. The Range expands again 4365 - 4546 - 179 Handles Trade Safe in this Range, it will become violent in its movements. _________________________________________________________ We indicated Yields would be the catalyst for the next move down, the overnight Globex Highs for 10Yr @ 1.682. So far, muy bueno. *** I have reached my "TV Publishing Limit" - Commentary will be slow coming this morning.
CME_MINI:ES1!
by HK_L61
8