SenesTrades

SenesTrades

Broke up the channel on the 4 hour chart however did not get the 4500 close to push up higher. Not saying that it can't get there, but bulls will need to push it up higher and then retest 4600 eventually. If we fake break out and if it falls back into this channel, that is extremely bearish, and people will be in for a world of pain.

SenesTrades

ES Still in a bearish trend. Follow up to previous post about the channel it is in. Needs to break to the upside over the resistance channels overhead. Broke the short term resistances decisively yesterday, but needs follow through. Otherwise, it can retest lower trendline.

SenesTrades Updated 

Unless 4380-4390 breaks to the upside, we're going to see lower here. We might even test the lower ranges of this bigger channel that it is in. This bigger channel is a bear flag, and if it breaks down, look out below. Bulls need > 4380-4390 and decisively in the next few minutes.

SenesTrades Updated 

ES was in a bullish ascending wedge pattern dating from October of 2021, which is when we double bottomed into our culminating Santa Rally for ATH's. It broke it on the daily with the nasty gap down and close below the 4600 level. Bulls ideally want to get back up above the 4600 level to get back into the bullish pattern. Bears can get this down to 4520 and even...

SenesTrades

ES has broken down majorly relative to previously posted chart idea. We are currently in a bear flag setup on the hourly Bulls NEED to break around the 4430 mark and needs decisive volume on the hourly close with consolidation and push past this current channel it is in. Right now, ES is bouncing off of the channel supports but is currently making LOWER highs....

SenesTrades Updated 

NVDA broke its important support of psychological level 270 and closed on Thursday 1/13/22 below that level. Friday morning, we gapped down in to low 260's before the broader market started to cover shorts back above the 270 level, in which bulls and bears proceeded to have a battle for that important level into the EOD. Unfortunately, NVDA still closed below...

SenesTrades Updated 

BABA has been battling at the 131.5 level on the daily. It is currently in a long pattern coming from the downside, but has been basing up currently. Has some resistance overhead around the 138 level, which if broken can target 140, 143, 148 and finally a gap fill to the 160 region. If BABA can hold the 131.5 close on the daily for the next few days (as well as...