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ES - Daily / Structure Termination Points to Decline AheadThe ES remains constructive within the current Daily Indications, for now. Subject to change as this Week will shape the beginning of IT 3/5 Lower. Will it occur on a break of the Count or is there a complexity to 2C yet to reveal itself. The same can be said of 3A Lower. Price need to provide more information and this is the trouble with reversals @ Price - the Ranges are simply extremely large - an error in Judgement can be costly in the extreme. _________________________________________________________________ Instability has been our Thesis since the November Highs for NQ, the ES took its time grinding out the Follow-On Highs. Since the ES made its ATHs and completed its own unique Distribution pattern the process of tight correlation began with IT 1A Downtrend. It has stuck with us ever since and has only been slightly divergent Intra-Day for mere moments. In reaching its .618 for 2C the NQ failed to exceed it .500 by more than a handful of Points. The Leader, leads and the ES has dragged the NQ around by its nose during RTH - Globex has been the NQ time for sillyness. ___________________________________________________________________ I believe there are two possible outcomes this Week: 1. Given the complexity of 2C (much as 2B tossed everyone repeatedly) we can anticipate much more of the same. 2. An ST trading Range between 4400 and 4591 will remain in trade for now with the Full range continuing to Trade until it breaks rather violently. ____________________________________________________________________ Patience, an abundance is required early this week.
CME_MINI:ES1!
by HK_L61
EUR/JPY | Bearish H&S | Structural Continuation- Bearish Bias |The EUR/JPY's recent rally appears to be coming to an end, with a wedge on the 4-hour chart beginning to give way to the downside. Wedge patterns that rise during a downturn indicate that investors are losing confidence and serve as corrective patterns. In order to position their stop sufficiently above the previous week's high of 13056, shorts should aim for the most recent swing-low of 12859 and the 200-day moving average, which is confluent at 12862. With a current price of a little more than 130.00, this could result in a significantly skewed risk/reward ratio for the investor in question. At support, traders may wish to take profits, or at the very least partial profits, and employ the trailing stop method if momentum appears to be pushing the market towards a new swing-low beneath support.
Short
by SteadyTradeAI
My JB 8OC signals on 6 hr S&P FuturesWe know for a fact that moving averages of closing prices are notoriously inaccurate. My variation on the moving average concept, which uses eight SMA close versus eight SMA open is, in my opinion, a better way to go. Here is the six-hour chart of S&P futures showing signal turns in the eight OC "relationship. No, it's not perfect by a long shot but it does have great potential and I've been using it for many years. Additionally what's required is a trigger that is more accurate as well as a target and a profit-maximizing procedure. Why six hours? I don't want to be up all night looking at a five-minute chart. The six hours chart is stable and gives me time to sleep! And six hours is a night of good sleep for an old man like me!
CME_MINI:ES1!
by rulesbasedtrader
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