Today we are here to talk about the SXP 500 index. Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down. What's on the market now: Globally, the index goes to 3850. And I believe that it will be at this level around May...
Today we are here to talk about the SXP 500 index. Today: The index is trading at 3991. In the last trading session, the market went down sharply, as we expected earlier, here is a link to the idea. What's on the market now: Globally, the index goes to 3850. And I expect it to be at that level around May 18-21. What are we waiting for today: Today we are...
ES1! SPX500USD 2022 MAY 08 Week Last week Scenario1 test of breakdown and target of 4135 reached. *3913 - 4000 = previous significant demand area. Down channel with extension of supply area mapped out. Daily and Weekly showed minor strength, so there could be a test of the higher levels first (retracement) as supply is temporarily exhausted. short on...
ES1! SPX500USD 2022 MAY 02 Week Market reached 4127, so scenario1 has materialized. Wait for price reaction to this level. We should now be on the look out for Scenario2 or 3. Preference is to short when price retraces on lower volume to test demand. Scenarios mapped out: 1) Test of breakdown 4368 (test may not happen), and price continue toward 4135-4212...
Today we are here to talk about the SXP500 index. Today: The index is trading at 4459. In the last trading session, we saw the price rise to the level of 44 85, which I mentioned earlier here is a link to the idea. What's on the market now: The market is in lateral movement. Yesterday it formed a local peak at the price of 44 85. What are we waiting for...
ES1! SPX500USD 2022 APR 18 Week Last week, scenario2 4525 short was good. Preference will be to short on retracement. Watch reaction to 4368. If supported = Scenario3 possibility If broke and become resistance = continuation of Scenario2 Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between...
ES1! SPX500USD 2022 APR 11 Week Last week 4525 presented long and short opportunities. Preference will be to short on retracement. Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525 Weekly: Ave volume upthrust bar closing off low = some demand present. next bar will confirm if market...
ES1! SPX500USD 2022 APR 04 Week Last week SNP offer trade opportunities based on scenarios 1 and 3. Play scenario: 1) Support on test of 4525 long 2) Rotational play 4463 - 4525 3) 4525 breached and resisted for short Weekly: Ave volume upthrust bar closing off low = some demand present. next bar will confirm if market is weak. some demand Daily: Average...
ES1! SPX500USD 2022 Mar 28 Week Snp may test 4587. Watch for reaction there, don't chase long as market approaches previous supply level. Play scenario: 1) Support on test of 4525 long 2) Rotational play 4433 - 4525 3) 4587 being resisted again for short. Weekly: Low vol narrow up bar closing on high = weakness (no conviction in the up move) some...
ES1! SPX500USD 2022 Mar 21 Week 4133 was tested and price reaction long was good. Next level to test may be 4487 & 4587. Caution as price and volume alerts weakness. Keep stops tight if long Weekly: Low volume up bar closing on high = weakness some demand Daily: Low volume up bar closing near high = weakness. H4: High volume up bar closing at high =...
ES1! SPX500USD 2022 Mar 14 Week 4290 provided several short opportunities. Price may test 4133. If this breaks, market may head lower. Wait for price reaction at 4133 before entry. Short on retracement preferred for this week. Weekly: Average volume down bar closing off low = some demand Daily: Average volume down bar closing near low = weakness H4:...
ES1! SPX500USD 2022 FEB 28 Week Fantastic week for the shorts and recovery late week let us finish the week with an awesome long trade after a shakeout. With the spring and return into rotation zone, preference will be to long on retracement. Weekly: Average down up bar closing near high = strength Additionally, it looks like a reversal set up. Daily: High...
Looking at the SP500 Weekly chart, we have so far retraced about 11% from the top, and it doesn't seem to be the bottom. The market appears to be going for another test of the 4200-4250 area. If the support breaks, we could reach the 4000-3900 zone. If we try to simulate Covid not happening, consider that the market has seen a higher growth before Covid, take...
ES1! SPX500USD 2022 FEB 21 Week Short preference last week worked well. Scenarios: 1) If 4212 - 4267 is support = long 2) If price retraces on lower volume will look for short opportunity. 3) If market breaks 4212, wait for test and reject to short, or if 4212 is supported, then it will be a long opportunity. Weekly: Average down bar closing near low =...
ES1! SPX500USD 2022 FEB 14 Week Last week's ES tested recent high and weakness at top presented a good short opportunity late week. Shall wait for price reaction at 4411. I am more inclined to look for short opportunity should price goes up on low volume. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set...
ES1! SPX500USD 2022 FEB 07 Week Last week's ES saw price rejection at previous breakdown level 4573 and test of breakout 4411-4446. Shall 4411-4446 support hold, shall look for long opportunity. If market returns into rotation, strategy will then be to short at upper boundary resistance and long at lower boundary support. Indecision on Daily/Weekly bar may...
ES1! SPX500USD 2022 Jan 24 Week Last week rejection at 4573 offered great short opportunity. Preference to short on retracement / when price returns to test shakeout area - possible scenarios provided Weekly: Ultra wide spread high volume down bar = strength may be returning Daily: High volume up down bar closing near low = weakness H4: Very high volume...
ES1! SPX500USD 2022 Jan 17 Week Scenario1 4662 short, scenario3 4743 short, Scenario 4 bounce from trend channel provided plenteous opportunities last week. Will adopt a rotational play - execute trades only at boundary 4808 / 4740 / 4629 / 4573. Concern: - The uptrend channel has encountered structure failure => price did not reach the supply line of...