ES1! SPX500USD 2022 Jan 10 Week Rejection at 4743 short worked well last week. Short on retracement preferred Weekly: Average volume down bar closing near low = weakness Daily: Average volume down bar closing off low. Some demand is present. H4: Very high volume down bar followed by lower close bar = weakness Entries will be based on price reaction to the...
ES1! SPX500USD 2022 Jan 03 Week If 4743 is support, breakout of previous rotation is confirmed. Intraday long preferred. If rejection at 4743 market may test lower levels, intraday short preferred. Weekly: Low volume up bar closing in middle = undecisive Daily: Upthrust followed by down bar = weakness. H4: Very high volume down bar, but no lower low forrmed,...
ES1! SPX500USD 2021 Dec 06 Week Down channel trade was good. Market recovered on Friday to close up on high volume off its high (H4). Some support has returned. 4492 looked like a strong support at the moment. If there is indeed acceptance, we may have a temporary long opportunity. However do note market is still within down channel, so take profit on your...
ES1! SPX500USD 2021 Nov 22 Week 4674 / 4711 provided good trade opportunities. The bull/bear tug of war at 4700 region will resolve by 1) price returns to channel and continue upward (whipsawing still expected) 2) Exit of channel, market rotate / mushroom over Weekly: Shortening of thrust and narrowing of spread. Price closed about level with the 2 bars...
ES1! SPX500USD 2021 Nov 15 Week Short from 4674 was good, followed by spring from the demand line of the uptrend channel. Market rebound from demand line of channel back into the possibility to test 4712. Weekly: Average volume down bar closing off high = weakness. Wait and see if weakness will flow over to lower time frame. Daily: Average volume up bar...
ES1! ES1! SPX500USD 2021 Nov 08 Week 4590 was supported and long was fruitful. A reversal patten has formed on H4. If 4674 becomes resistance, we may see test of the lower levels. Weekly: Average volume up bar closing off high = weakness Daily: High volume up bar closing off high = weakness. H4: Climatic down bar closing off low = strength. 4674 if broken,...
ES1! 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...
ES1! 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....
ES1! 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...
ES1! 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...
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 =...
ES1! SPX500USD ES1! SnP500 2021 Sep 20 Week Last week, nice trade opportunities from the price reaction to the levels, tested 4415. Weekly/Daily: High volume wide spread bar close off the low = temporary demand. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Climatic down bars closed off the week, pushing through the...
ES1! 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...
ES1! SPX500USD ES1! SnP500 2021 Sep 06 Week Last week's long on retracement was good. Weekly: Narrow spread up bar closing off the high, volume was higher than previous bar. There is definitely supply selling into the mark up. = Weakness Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Rotation, whipsaw expected. The...
ES1! 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 =...
OANDA:SPX500USD ES1! SPX500USD ES1! SnP500 2021 Aug 23 Week Price approaching previous supply area, there may be temporary weakness. Wait for price to come down first before taking a long. Weekly: Ultra Wide Spread Up bar closing off high, and lower than previous bar = Weakness. Daily: Ultra Wide Spread Up Bar, High Volume = Strength H4: Narrowing Spread,...
OANDA:SPX500USD SPX500USD 2021 July 26 Week Long from lower green zone was fruitful. Weekly: Engulfing wide spread up bar, closing at its high. No sign of weakness yet Daily: Wide spread up bar close of its low, decreasing volume on move up = SOW H4: Widespread up bar + Upthrust + decreasing volume on move up = SOW Strategy: 1) Short on ND / Upthrust /...
OANDA:SPX500USD SPX500USD 2021 July 19 Week Last week's long to high and then weakness from H4 and Weekly observation finally manifested from 14 Jul. Weekly: Hidden upthrust = weakness Daily: Bearish H4 chart: Bearish Strategy: Will wait for price to reach preferred red/entry or 50% zone. Like and follow if you find this useful :) Have a successful week...