I'm feeling bullish for the upcoming week. As always, I will be waiting for the market to show me what it wants to do but this is my initial take going into the weekly open.
ES/MES triangle bull pennant leading in to turkey day. Tracking on the 15m
Prepare for an intricate journey through the ES/MES futures chart, where past and future are intertwined in a complex dance of fractal patterns. This analysis unravels a fascinating narrative of market movements, culminating in a potential grand fractal scenario that could shape the trading landscape in the months and years ahead. The Santa Rally Fractal: Our...
Prepare for a potential market shift that hinges on a compelling fractal pattern traced from May to July 2023 on the ES/MES futures chart. This analysis centers around the exciting prospects of a Santa Rally and a looming impulse wave higher, all rooted in the echoes of that distinct price action fractal. The May to July 2023 Fractal: Our analysis is anchored in...
The ES/MES futures chart presents an intriguing bearish scenario, influenced by a multitude of moving averages and formidable resistance levels looming above the current price. In this analysis, we explore the factors contributing to this bearish sentiment and outline a potential roadmap for the coming months. Key Observations: 200 Hour EMA Resistance: The...
In the ever-evolving world of trading, it's essential to be prepared for both bullish and bearish possibilities. This analysis of the ES/MES futures chart delves into the potential scenarios over the next 3-6 months, with a keen focus on a critical turning point that could shape the market's trajectory. Bullish Scenario: We begin with an optimistic outlook. The...
The ES looks like it wants to bounce up to the top of the channel before returning to fill the monthly void at 4208.50.
Maybe The ES is ready for an up week. It still feels like more bearishness is coming but perhaps it bounces to the top and establishes this downward channel.
It looks likely that the ES could wick down before heading up. If it continues up now, it could likely revisit these levels on its way further down.
It looks likely that the ES could wick down before heading up. If it continues up now, it could likely revisit these levels on its way further down.
Is the ES pivoting up for October? PROBABLY NOT! The 9/27/23 low may hold for a relief rally this week. It too soon to say if this will hold through the end of the year.
The 9/27/23 low may hold for a relief rally into October.