Levels of importance are: - 3805 - 3885 Im looking for a move up to close the gaps up to 4k into the FED or right after and then sell off to 3665 zone I mentioned in my yesterday's update The full wave, which is making the 5th now if EWT talking could extend all the way to 3581.5, quite close to me other extension target of 3555, something to watch in case we...
Ideally we hold the overnight lows, otherwise next stop is 180 level and 11000-10950. Im leaning up and green close for today going into tomorrow
Im mostly crypto holder, not a trader. I went long with some big coins when BTC was at 26-27k on the first fall, was hooping to see 35k before lower. But as everyone knows hop is not a trading tool and no one should trade on any hope! So all my coins are staked, obviously all is well under the water. I dont use leverage on crypto, as crypto volatility is not...
NQ is going after 3x of extension to 11180 zone, lots of support in 11000 zone as well. So stretch as the SPX. Expect a huge bounce, should ideally hit 13500+ during the summer rally
3855 3805 3789.50 3749.50 3694.00 This is getting close to a capitulation move. Closing at the lows will get us lower open, ideally we get up off the ground into the close. Its time to start scaling in with longs with potential move down to 3665 and even 3555 The move up in summer will be at least back to 4300 to ideal 4425SPX
Use the Mid Bollinger to determine a trending market. So far we perfectly hit 2.618 off the H&S breakdown, next is 300% at 11180 zone in case its really extending. BTW Monday crashes are most important to watch with following tun Tuesday. When Tuesday can get below Mon lows but has to close above Monday's close and Wednesday's close as well to confirm the bottom!
SPX is pushing up, slowly trapping bears. Must get above the am opening high, or above 3820-22ES. Resistance to watch is 3853SPX, must close below to see lower lows tomorrow or make a higher low. Close it above, will be bullish, then next is 3885-4k
Posting this from my phone, Im outside site seining. A lot of support and confluence here in 3760 zone! Several trendlines support including the broken out one and the downtrend channel trendline Main resistance is 3855!!!
Im not an EWT expert but this looks to me like completing the 5th down or the C wave of the bigger A wave down! THIS IS THE BEAR MARKET!!! 6th month and rolling now. All those 5500 coo-laid smokers were destroyed 6 months straight! Typically the bear market is lasting 2 years, I expect the maj low in Q1 next year. Its 6th onth now, so this move down should follow...
ES is bearish below 3855, next maj support is at 3805 and 3780 Monday is the low and turning day, resistance is at 3885 and 4000
Well we blow all of the supports I was looking to hold. I got also stopped on my NQ short at 12330Jun right before the move. ES was short but covered at 54. Im seating on my hands and looking for 3885-89SPX to hit to go long. We should bottom before the FED next week and rally hard to 4300 into July 4th, maybe even 4425SPX 4215SPX will the be the main target on...
Im watching 2 numbers - 3980 and 3950SPX (there is 4008 as a smaller degree support, so far held AHs in futs) We should hold the am low and rally um into Monday high. 2 pathways: - either we get to test 4077 (after 4008 or 3980test in am) and decline lower into Monday to 3950 - or just blast up into the 13th high, can stretch to 4215SPX for a fake out move...
NQ is going after the breakdown zone test as well as the mid Bollinger test. Seems we will sell off after the numbers and test the bottom of the channel and then move up. My game Plan for tomorrow is buy the am low
I know there are too many lines for some, but they are important to me. Just pay attention to the green trend channel and the blue doted mid of the channel line NQ is supporting a view I have on the SPX, looking for some lower (NQ down to the low of the channel line before a fakeout.
Im long here, tight stop, next long will be at 77 and 62 respectively. The bulls are running out of time to push higher, the max Im expecting is 4215 or so test as a fakeout move and then a full retracement down to 3885. Hard market to trade, unless you trade the range, which is not easy as well. Probably will stay in one till the DEF meeting
12470 is a must hold, or we are going down to test the low of the channel Im buying here with a stop for a rally to AH's highs and ideally more Bullz are running out of time to push it higher
BTC is setting up for a move to 35-37k Should move together with the market to the upside this summer. Ideally we see 42k, but that could be very optimistic. We will see 20k or below this year!
Loose 12400, we will see 12100 12385 is the second trendline support. Lots of confluence to hold from the open! Im stating longs here