Hellena | SPX500 (4H): LONG to resistance area 6104 (Wave 3).Colleagues, I see that the price has completed wave “4” and is now forming wave “5” of the higher order.
I believe that the price may go into correction in the lower wave “2” to the area of 50% Fibonacci level 5896.9, after which I expect the upward movement to continue to the resistance area 6104.
The upward movement is the priority, so I warn that the price may just continue to move upward, updating the wave “1”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Snp500
#ES_F Day Trading Prep Week 1.20 - 1.24Market closed outside of Value after failing under 6074 - 54 HTF Edge.
We are set to open inside 6064 - 23 Intraday Range unless market gaps under/over after Mondays Holiday but if we open inside it then that tells us we are over Value and there are two thing we can do here, continue grinding/balancing inside the Intraday Range and try to push towards/into above Edge ?
Or do we find more selling over Value that would bring us back into/under VAH, if we get under VAH we would be under Daily Stops so that could trigger moves towards the Mean/VAL of the range. If we do get back inside the Value we could find support and holds around it BUT careful if we take out out and get under Value, that can bring in more weakness for lower targets where we would watch for any continuation.
IF the strength from last week stays, for us to see any bigger prices out of this HTF Range we would need to hold over VAH and have a strong push into or over the above Edge that would stay over, until then we have December supply trapped over 6050 - 74 so we may stay under this area and most of December Supply is valued over 930 - 70s and we have January month end approaching which means if more size needs to lighten the bag that could trigger some lower destinations.
MES!/ES1! Day Trade Plan for 01/17/25MES!/ES1! Day Trade Plan for 01/17/25
📈 6047.25 (NEXT LEVELS: 6066, 6075.5, 6084.75)
📉 5969.75 (CLOSER LEVELS: 6018, 6008.5, 6000)
1/2 way mark 📈 6027.75 & 📉 5989.25
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*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES!/ES1! Day Trade Plan for 01/16/25MES!/ES1! Day Trade Plan for 01/16/25
📈 6060
📉 5940
1/2 way mark 📈 6031 & 📉 5969
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*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
SPY Gap Filled - Local Bottom - More SendTrading Fam,
I am not overlooking the small H&S pattern seen on this chart. I am simply presenting alternative data. What if that H&S pattern fails? It can happen. Even if we do drop further, our target down is that pink horizontal trendline. Will we get there before more buying ensues? Possibly. But this market is still bullish. The larger bull trend is still very much in tact.
Additionally, we can see that an important gap has been filled. Therefore, it is very possible that the small H&S pattern we see here will not reach its target down. If that is the case, we'll turn up again, continue through my Target #2 which was already hit, and proceed onward and upward to my final Target #3 (670-700) until that is reached sometime in 2025. Therefore, you are not wrong to start DCA'ing in at this point.
✌️ Stew
Weekly Leading Indicators are all GO BearPretty much enough said.
Warning given weeks ago.
Now it is turning.
ALL the leads are bearish, red flags ON
Just waiting for the playbook to pan out with a hard pull back. Last week we already saw the equity markets do a trend reversal pattern of Lower Highs and Lower Lows.
Time to deliver the main Bearish course...
Stay safe!
SG10Y - a peek into the next few weeks.As pointed previously for the last few years... the SG10Y Singapore Govt 10 year Bond Yields chart have an uncanny correlation to give us a heads up on when the US Equity markets like the S&P500 SPY SPX are going to keel over and drop.
On such instance is here and now.
A higher high and a clear breakout after a Fibonacci retracement, within a bigger retracement. This is a clear and present indication that (US) equity markets are going to keel over and drop.
Bears are just around the corner.
Pain till Mid-Feb
Heads up.
Hellena | SPX500 (4H): Short to support area 5718 (Wave C).Dear colleagues, I believe that the downward movement will continue within the correction (A B C). I expect wave “C” to start moving very soon.
I think that the nearest target is the area of 5718 level, because there is a strong support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
#ES_F Day Trading Prep Week 1.12 - 1.17.2025Last Week :
Sunday Globex opened inside the Mean of Previous HTF Range and got a push to VAH which held into RTH that brought in more buying to make a run at the Ranges Edge where we found Supply, for strength to remain we needed to stay and build over VAH instead we build supply at/under VAH and when buying ran out we made a move for VAL. From weekly plan this is what we were looking for a push back under 978 - 73 Intraday Edge to give us sells back towards the Edge where we saw covering and support which gave us holds for a couple days but over all we were ablet to stay under VAL and build supply which kept signaling weakness, Friday we built up enough supply to fully break through the Edge and this time around with more supply above us we had enough selling to get into new Value. Area over swing stops provided good covering which gave us a push back out of Value but we can see that selling was strong enough to get back into the Mean area of the Range to close just above those stops.
This Week :
This week we are set up open inside the Value of new/previous HTF Range of 913 - 792, We are inside 882 - 841 Intraday Range, Under the Daily Mean of 913 - 896 with now more supply trapped over it. The area where and way we closed Friday is signaling that we should see continuation to the current move or at least more weakness going into this week, as long as we hold under VAH under 5888 - 5900 we can continue with weakness towards current Intraday Edge lows at 841 - 36 which would also take out the swing swing stops under us to give us more selling to test lower VAL and possibly see sells under it towards Previous Distribution Balance we had which was a big cost basis area above Daily Edge that we consolidated at for some time before making new ATH 10.14. To me this was our real ATH and possibly a top area as everything after that was more of Election Speculations and Momentum which died out and now brough us back under that ATH.
Also mentioned last week that we had a big failure over Daily Edge which usually targets previous daily areas and so far we have visited Daily Mean which Friday we finally broke and closed under and tagged Daily VAL which is this 846 - 828, Daily lower Edge is 754 - 24 which has some Poor/Weak Lows and a contract roll gap under. Daily Edge and Gap under will still remain good targets going forward but need be careful as those are Daily targets and can take time for us to get there, current VAL and areas under it could provide good enough covering holds and new buying when prices hold to give us enough support to not continue for bigger targets right away but instead balance and build more supply which we will need to go and fill those areas out when we are ready.
Over all we are looking for more weakness going into this week but we have to be careful as we have that Previous Distribution balance at 800 - 750 area which had 2 weeks of consolidation that can keep us up and see covering at or over it. For bigger moves out of this HTF Range we would either need to hold and build supply under VAL before taking out the Edge like we did last week above or we would need strong volume that can break VAL and another strong push that can fully break lower Edge to hold under 780 - 70s, until then we may stay inside new current HTF Range and balance around its Value and areas out of Value without accepting under/over Edges.
For strength to return or to think higher prices out of this Range we would need to be able to hold over VAH and see a good push in above Edge that could hold inside it without coming back in, until then Higher Time Frames have been transitioning into a correction mode so far Daily is in correction as long as we keep holding under 960s and Weekly as well showing signs of corrections starting but it still needs time to set up which can take time so we have to be patient especially after big moves already taking place.
Combined US Equities - Critical Support Line BROKEN DOWNJust yesterday, the line was drawn and by the close of the day/week, it was done... the line broke with a close below.
So, zooming out into the weekly charts, and we see the TD Sequential starts for a Buy Setup (means bullish till end of Setup). Projecting a simple waterfall scenario brings US equities down to target at the TDST, and meeting a confluence of several support levels.
Noted MACD crossed down as is RoVD tapering down too.
This is the simplest straight line outcome.
Alternatively, might see a weak bounce for a lower high on the weekly charts and then the cliff fall in mid- to end-February.
Just need to know, then decide what to do.
On a seperate note.
The First 5 days of the trading week of January is part of the January Barometer where how January closes is how the year goes. and this ended DOWN.
Now, if January is ending DOWN as well, then you decide how 2025 is ending most likely.
Already obvious 2025 is challenging till September.
Watch for it and be wary.
All the best!
Combined US Equities - Critical Support Line drawnAs expected, not a good finish, not a great start.
Now, a potential trend change pattern might be forming. This pattern has a series of two of each Lower Highs (LH) and Lower Lows (LL). With that criteria fulfilled (LL 926 and 925.75), the Critical Support Line can be drawn at 925.75.
A breach and breakdown to close below 925.75 is likely to send the US equities market reeling over and down the cliff. This is the trend change pattern that is very reliable.
Noted that the RoVD indicator has crossed below the zero line, bearish.
Watch the Critical Support Line, and the TDST lines now...
#ES_F Day Trading Prep Week 1.05 - 1.10.25Last Week :
Sunday Globex opened inside VAH of 6054 - 5933 HTF Range after a Friday failure over upper Edge. Failures over/under HTF Edges usually provide good reaction back to previous Value and Edges which is what we got to start the week as we got a move from VAH to VAL and pushed out to tag lower Edge but the whole move pretty much happened during pre market hours so when we opened up we didn't get continuation, instead we got balancing/covering with weakness since we had supply that was coming out from above, we balanced most of the week between the lower Edge and Value of the range until we built up enough supply to flush it through the Edge, the sell through was strong but we only had enough supply to tag lower VAH where buying came in to push us back inside the Edge. Since it was end of the week we expected more covering to be done, since the Edge held pre market without any more size selling that brought in more covering and momentum buying to push back into our current HTF Ranges Value to close the week.
This Week:
Last weeks close may seem strong but we have to keep in mind that currently our structure is going through a change on higher time frames, for now Daily is slowly transitioning into a possible longer correction after failing and building supply over the Daily Edge which was 640s - 70s area ( Remember Failures over Edges bring us back to Value AND could target previous Edges, since its daily it can take time to get there but Daily VAL is 846 - 28 and Daily lower Edge is 754 - 24)
We are holding under Smaller and Bigger MAs and they are getting closer for a cross which will be signaling a correction lower, seems like this time around we are in for a longer/slower correction that can take time to play out and time to end. Last few weeks with failures over the Daily Edge we have been getting moves back to Daily Value and going back and forth between it's VAH and Mean areas with dips under the Mean that were bought.
Daily VAH is around 987 - 67 Area and going into this week if we can't show stability over it by holding over/between 5993 - 6007 areas and get tests at/over above VAH then we would look for price to return under the VAH back inside 973 - 932 Intraday Range and possibly start holding under Daily VAH.
Lower Edge 993 - 913 may provide enough support for us to continue balancing over it but we have to keep in mind that holding under current HTF Ranges VAL and building more supply at/over the Edge can bring in more weakness and if we get through Intraday area of 932 - 27 with more supply above that can give us sells towards lower VAH again and possibly this time around we can try to get inside lower Value again, we have swing stops to watch out for under 850s which if taken could provide more selling towards lower VAL and possibly moves out of it IF we will have enough supply.
We do have that area of 800 - 750 and next Edge below us which was our distribution balance for some time at one point, so we have to watch out what we do that as we may hold above it or price may want to try and get inside it again as that is an area where it found balance before. Of course all of this we have to watch area by area for continuation as we may keep getting buying at and under current Edge but things are set up for these moves if we want to go at least for lower Value but we MUST take out key areas for any continuation as price may find balance around current Value and stay in this range if we are not ready to move yet.
For price to remain stable we would need to be able to hold inside current Value without getting back under VAL that could keep us stable enough to balance inside the Value in current intraday range of 6018 - 78 which so far we haven't showed acceptance in, and for any strength beyond that we would need a strong push over above VAH and hold over it to start building new cost basis, even if we get moves to or over current VAH it's a place to be careful as we can keep seeing sells from there back inside Value.
Weelky Leading Indicators are NOT BullishThe Weekly Leading Indicators have had broken into Bearish mode.
SG10Y have broken up of a trendline
TIPS and TLT have broken down support
JNK similarly broke down of support
The combined US Equities weekly chart are at an indecision range, but daily chart analyis tells of a more bearish story.
SOXL is holding up somewhat though.
So while all 4 Leading Indicators are red flagging.
The Indices have yet to respond.
Watch for it... and be careful.
Happy New Year 2025!
Combined US Equities - not nice end, not expecting a great startQuick analysis of the Combimed US Equities daily chart...
A significant rebound last week put the closing back into the decision box. Thing is, it went out the other end, as expected it would, BUT ended with a doji (indecision candlestick) and came back into the box... which suggest an exit to thru the lower end. This is abou to happen over the last days of the 2024.
And IF it exceeds the last low, then it is a tell all that 2025 is not going to be bullishly exciting.
In any case, a good retracement is overdue and likely comes in 1Q2025
Technicals here show weakening MACD and a decelerating rate of VolDiv.
Let's see how bullisht the first day of 2025 and the first week of 2025 can be... not terribly optimistic IMHO.
In any case... HAPPY NEW YEAR 2025 everyone!
Stay safe and stay happy!
#ES_F Day Trading Prep Week 12.22 - 12.27/24Last Week :
Last week we had contract roll and Fed week, for over 2 weeks price kept holding around/over 6074 - 54 HTF Edge which also happened to be Daily Edge as well which makes it a significant area. We kept holding at/above it but we would not get any pushes or acceptance inside new Value and instead we kept seeing sells from every push attempt into new VAL. Contract roll came again giving us a gap in prices which put new contract inside the Value of new HTF Range where we were able to balance while waiting for the Fed. After the Fed announcement we got a sell down towards the lower Edge and filled the Roll Gap we created, but we also took out the Edge fully which had over 2 weeks of Supply built up over it and it caused more aggressive selling which gave us a HTF Edge to Edge move to finish up that Day which put back in 6074 - 5913 HTF Range where we have previously found acceptance in. Thursday we didn't get continuation under the Edge, instead we had selling from Ranges Value which closed right into the Edge. Friday Pre-Market price got under the Edge and made a push for lower Value but we didn't quite make it to take the swing stops which were under 5860s and instead we ran out of supply, rotated back above accepted Ranges Edge and pretty much got short covering before the weekend/holidays to take us all the way back up to the upper Edge where we failed under with price settling back inside Ranges Mean.
This Week :
We have last week of the year pretty much, Holidays coming up and we had some crazy moves up and down last week that gave us big ranges after we spent quite a bit of days going back and forth inside smaller ranges, so what can we expect this week ?
It could definitely be a tricky week, as there are always chances for more continuation to the downside, chances to keep rotating higher so we have to be on the look out, but from what structure and price so far is telling us is that we have found acceptance back inside 6074 - 5913 HTF Range, we are back under Daily Edge with Supply still above us, with shorter Holiday weeks coming and end of year, will we get more crazy action or will things possibly slow down again as we will have much fomo from the flush down and from the rally up that was probably missed by many. Price is currently back inside 6023 - 5973 Intraday Range where it found some balance before, IF we don't get the volume selling or buying then we could see price to balance inside/around this Intraday Range and stay around this current HTF Ranges Value, after failing at VAH we could still target moves towards VAL and if there is enough Volume we could even see it try to push out of VAL but we have to be careful because if we don't find acceptance on pushes over VAH or under VAL then we could continue seeing price come back inside the Value and continue balancing around it. Careful for ranges to become smaller again which means its not time to be greedy and focus on good entries and smaller profit targets.
If we do get acceptance over or under the Value we would need to see good moves into or through the HTF Edges for us to see attempts to move into different Ranges Values.
SG10Y SG Govt Bond Yield UNCANNY heads up on US EquitiesHere is a rehash of the relationship between the Singapore 10Y Govt Bond Yields and US Equities ETF, SPY (Blue Line).
Noted that when the SG10Y technically breaks out, the SPY technically breaks down, and vice versa.
This is not 100% but happens an estimated 80% of the time, and recent occurences since September are marked out with bullish green or bearish red time lines, respective to SPY from the SG10Y leading indications.
Just middle of this past week, the SG10Y spiked strongly and broke out, the next day saw the SPY tank significantly. In fact, the MACD for the SG10Y had already pre-warned of the breakout two days earlier!
Given the current set up, as usual, I do my technical and charting projections. And in this case, it is clear that the Santa rally fizzled, year closign and next year opening should be weak until early February. Now, if this projection works as it should, then we would likely see a weak 2025 for the US equities... not only to take profit, but also offers opportunities to buy in at some point.
(side note: as far back as 2020, 2025 was marked as the year of some resurgence of affliction from the neck upwards. It is a little sketchy, but it would very well be the surprise to tank the markets enough... watch for it)
Weekly Indicator Panel WARNED last weekend...ALL Red Flags already, as warned by my panel of leading indicators.
You would see that all threshold have been triggered and are clearly red flags IF the week closes at current levels. The week has not ended, but it appears bad enough.
There should be an attempt tp recover somewhat, but overall appears that Santa Claus might crash this rally this year. Furthermore, the year end and year start are keen indicators of the year ahead as well... so watch closely.
Hellena | SPX500 (4H): Short to support area 5846.5.Colleagues, I assume that price is completing a five-wave upward movement. I believe that the price may reach the resistance area of 6181.6 then I will consider only downward movement in correction to the area of 5846.5.
It is possible that the price will immediately start moving towards this area, but this is a more risky plan.
Still, I would like to see the completion of all waves “5” in one place!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Is the financial system entering a new era?This chart is one of the clearest and most striking indicators of the S&P 500 and Monetary Expansion around the world on a monthly basis.
Is history repeating itself or is the financial system entering a new era ?
Markets are rising again after the Mortgage Real Estate Crisis in 2008 and the Covid-19 Pandemic in 2020. But what is behind this rise? Could the fact that the S&P 500 has held its value while the money supply has skyrocketed be a harbinger of a new growth cycle?
What is remarkable;
In the 2008 Real Estate Crisis, this ratio, which had been steadily moving above the trend line, was pulled down sharply and trapped below the trend line. For many years, there was an invisible pressure to maintain the trend below this line.
Whenever the trend line started to be tested again, this rate was pushed down again by the Covid-19 pandemic in 2020 .
January 2024 is a historic turning point;
It managed to rise above the trend line after exactly 16 years and entered a steady uptrend. This development sends strong signals that a brand new economic order has been established in the world.
So what happens now?
After testing a new ATH level , what crisis or crises await us in the markets? Or is the financial system heading for a completely different course from the historical scenario this time?
SPX Long in Long term to $5050, the up to $6060On the basis of previous cycles analysis.
S&P 500 index is now in the 1st wave of the new growth cycle. Technically and fundamentally now I expect the downside to $4200, but not for long.
After this SPX is going to reach the $5050 price level.
Then after 2nd wave correction (10%) 6 month before US President election SPX starts its 3rd wave up to $6060.