Noll555

Noll555

Looking at the weekly chart, the earlier wave 2 retraced nicely into the 50%-61.8% zone of wave 1 and we potentially see the beginning of an impulsive wave 3 higher, initially fueled by the strong quarterly results. We saw a large volume spike this week and the MACD is beginning to cross on the weekly timeframe, further confirming this view. We're looking for a...

Noll555

I posted this sell at the trendline around 3300 a month or so ago, looking for a move to 3100, but I was a little early to the party. Since that post two things lined up perfectly that told me to add to my squeezed short position. Firstly was the bearish January monthly candle in both the minis and the cash market that told me there was a strong chance we would...

Noll555

Nice little squeeze in Asian session made ES tag top of the trendline to the tick. Expecting a weak rest of January and this to fall to 3100 before possibly bouncing again. Will re-assess if target hit. RSI overbought. Once MACD crosses should bring in some CTA selling.