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ES1! SPX500USD 2021 Nov 01 WeekES1! ES1! SPX500USD 2021 Nov 01 Week Short from test and reject 4590 and Long on test and accept of 4552 was good. Wait and see if H4's ultra high volume is bullish absorption. Price may return to test the 2nd last bar, and if support is found, it is a long opportunity. Weekly: Higher volume narrower spread up bar = weakness Daily: High volume up bar closing off high = weakness. H4: Shortening of Thrust. Ultra High Volume and narrower spread = TBC if this is weakness / bullish absorption Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4708 4612 4590 4552 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Oct 25 WeekES1! ES1! SPX500USD 2021 Oct 25 Week Market went up on narrow spreads, made new high and a UHV ultra wide spread bar took out the previous 6 bars' low. This is weakness. If market moves up on tiny spread and lower volume, this is no demand, don't get trapped in long positions, or tighten stops if long. Weekly: Low volume up bar closing off high = Weakness. Daily: Higher volume down bar closing off high, selling as market high was made. Tighten stops. H4: Ultra High Volume down bar close below middle and the low took out last 6 bar's lows = weakness. If next is a down bar this further confirms weakness. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4552 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Oct 18 WeekYM1! ES1! SPX500USD 2021 Oct 18 Week Don't chase long. Wait for price to return to test lower levels and find acceptance to long. Weekly: Low volume up bar = Weakness. Caution and keep stops tight if long Daily: Narrowing spread, low volume up bar as price approaches previous resistance = weakness. Tighten stops H4: Narrowing spread and effort no result as price moved up. Tighten stops. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4550 4412 4524 4381 4472 4333 4465 4268 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
S&P500 turned bullHave to give it to the S&P500 to turn bullish over the last two days. Had earlier highlighted the daily chart bullish indicators and the worst case intra day based scenario. Clearly the Daily chart trend prevails and more upside should follow to the end of the month. This was not expected, but clearly turned bullish, especially after a nice long bullish candle is followed by another to end the week. This broke above the 55EMA, the downtrend line, and activated a system Buy signal. The technical indicators are just turning up, which suggest that this could be the start of a mini bull to a higher high. Expecting the current resistance level to hold a bit, and with a short shallow pullback some time early-mid next week. Likely continue the trend to the historical high. Now, IF, and when it breaks this... if ever, it would be a seriously ugly fake head. #justsaying (the time lines are there as advance expected turn dates, btw... )
CME_MINI:ES1!
by Auguraltrader
S&P500 Worst case scenarioWorst case scenario painted out... a real danger to the Infinity and Beyond Projection Any attempt over the next two days is met with resistance and fails the 4H 55EMA; then it breaks down below 4320, and takes out the last low to make a lower low... only to go all the way down to 3880, fulfilling the topping pattern at the very least to the downside projection. Yellow circles point out similarities. And since failing to break up, means further break downs. Just need trigger... over the next two days. Counter projection is to break above decisively for a higher high, into the resistance range above 4400. What say you??? I know I am slightly more bearish... else won't be looking at this down side projection.
CME_MINI:ES1!
by Auguraltrader
2
US500: Back to the basics ?Investors have always regarded the US500 as some sort of safe haven, with a common consensus that the S&P500 never fails to meat their profit expectations by breaking the records each month. However, this index has been suffering now for many weeks making many dips with lower rejections on the non horizontal resistance. For instance, technical analysis now can says a lot: 1- One final rejection: Price has been testing the upper trendline and if the last high is broken, then the US500 will be back to its basics making the buyers winning the bargain. 2- An Inverse Head n Shoulder: Clearly on the chart, the left part is lower than the right shoulder, meaning that price failed to break lower levels. Will it go as expected ? Or is it willing to go for a soaring session ? Time will tell... ~ Cyril
CAPITALCOM:US500Long
by Therealsmaira
SPY & Elliot Wave TheorySPY: Using Elliot Wave Theory, predicting a move to 4.30 seems likely. ~RSI has room to go to 430, so it is not out of the question of possibility ~The VI looked like it was about to switch momentum to bullish, but the red line is starting to curve back upwards giving the question is it really a reversal to bullish yet? ~Using Elliot Wave theory's 5 part wave we have completed the first 4 parts and are in need of the fifth. This theory predicts group mentality overall and is often times the case. ~Previous waves hint that this may be the last bearish wave before the tides turns bullish
AMEX:SPYShort
by CheckMatted
6
The S&P 500 is falling, so what happens now 😲 ❓The S$P 500 broke an important trend line which was very strong support. The price has now formed a series of lower lows and lower highs. These are bad signals which indicate that the market has turned around and is likely to continue its decline. An important area where the price can stop and find enough liquidity to continue rising is marked below. In case the price quickly forms new higher lows and highs, this would be a good signal for growth. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
SP:SPXShort
by Yuriy_Bishko
9
SPY - Resisting with ResistanceWe are possibly in technically uncharted territories now that the SPY has broken it's long term upward trend and has now tested and confirmed a new downward resistance level. The market structure is also supporting a downward trend, with few points of volume showing sound structure through out the SPY -- in other words the SPY's profile structure is somewhat akin to a house of cards with areas of support that are spread far apart whose volume is stacked in a pyramid shape. The bulls will need to push the SPY to break this new resistance level and quickly start building structure to keep the bears from taking any more cards. It will be interesting to see how the wholesalers and institutional payers start changing their strategies in this new environment.
CME_MINI:ES1!Short
by Rhythmic
ES1! SPX500USD 2021 Oct 11 WeekES1! ES1! SPX500USD 2021 Oct 11 Week Weekly: High volume up bar closing off high, and within range of previous week's bar. Daily: High volume up bar closing off high = weakness. H4: Supply present at 4380 - 4412. May return to test UHV bar A. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4268 4333 4381 4412 4468 4524 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Oct 04 WeekES1! SPX500USD ES1! SnP500 2021 Oct 04 Week Market exited the uptrend channel last week with conviction. On daily chart, two lower lows and 1 lower high now gives us a down channel = change in trend. Weekly: High volume ultra wide spread down bar close below halfway of bar = weakness Daily: Up bar closing off high = weakness Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Market returned to test a previous rotation and also UHV bar A and closed off high - weakness. Pink down channel also drawn in H4. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4472 4455 - 4441 4415 4389 4367 4345 4260 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Sep 27 Week SPX500USD ES1! SnP500 2021 Sep 27 Week Impressive recovery of the SnP after the down move. This means the uptrend is still intact at the moment. However caution needs to be exercised. Weekly: High volume ultra wide spread up bar. Weakness appears on UP bars, tighten your stops if long. Daily: Market moved up on reducing volume, narrowing of spread = weakenss. The highest selling volume since the uptrend has appeared. Tighten stops on your long positions. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Market went up on diminishing volume = weakness. Testing the previous rotation (grey box) Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4481 4455 4415 4378 4346 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
Ominous signs from the Leading Indicators panelLooking across the panel of leading indicators, it is starting to look as if something ominous is almost completed in building up and about to pop... The JNK High Yield bond ETF is hitting a resistance; The IWM iShares Russell 2000 ETF is in a bind, unable to break out as MACD is crossing into bearish region; The TIPS Bond ETF is falling over; The VIX is about to burst in break out, MACD bullish divergence supporting; The DJ Trans had already brokedn down closing at a 6 month low, and MACD is already bearish; The Value Geometric line is following suit soon; The TLT bond ETF just attempted to break out, and should see another move upwards in the weeks coming; and The Copper futures prices is not sustaining any bullishness and about to breka down, MACD leading the way. Overall, the next two weeks will be volatile, and decisively down at some point. Heads up!
AMEX:TIPShort
by Auguraltrader
SPX500USD ES1! SnP500 2021 Sep 13 WeekES1! SPX500USD ES1! SnP500 2021 Sep 13 Week Last week's break down of rotation zone turned out well. Weekly/Daily: Ultra wide spread down bar, strength may return. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: UHV Ultra wide spread down bar closing of low. Some support has returned. Strength TBC As SnP approaching demand line of channel, and a previous support. Let's see if support holds. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4512 4463 4445 4415 4378 4346 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Aug 30 WeekES1! SPX500USD ES1! SnP500 2021 Aug 30 Week Last week, bullish absorption for levels 4443 and 4463 provided long opportunity. This tells us the importance to look at price reaction when they approach price levels. Weekly: Ultra wide spread up bar on high volume, closing on high = Strength. Daily: Ultra Wide Spread Up Bar closing on high, Ultra High Volume = Weakness H4: UHV Up Bar followed by tiny spread high volume bar = weakness. As SnP makes its way up, strategy will be to long on retracement. Entry will be price reaction at these levels. Long (Test and Accept) Short (Test and Reject) 4507 4497 4463 4445 4378 4345 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677