Confident as I am, it is coming to a time when things start to reset. It still has buying pressure moving it higher, and I would anticipate a more significant move based on a few key indicators.
With indicators submerging into a bearish dance, you can see a few points drop but not a significant retrace before it convenes to the bullish side.
The momentum is certainly there; it could go up a few more points, waiting to see where it settles before it starts distribution.
This is an area that has swung sideways a few times before the initial breakout and then a retrace and continuation for the short-term bearish.
This area is key because it needs to be filled around the mark where I drew the box for obvious reasons. Still, you can also see that stochastic, as well as others, are very much oversold, which is also a clue of forward-moving bullish behavior.
The stochastics are at a low, and then you got MACD still forcing its way down some more; it should restore bullish with a reversal pattern, but do not see this at this level until it drops a few points; we can see there is a sentiment of a reversal, but we are waiting until we see an indicator, or some change in moving progress.
As many indicators have this coming down, it doesn't seem like there is much room left for it to go before we see a reversal. Looking at 20 or lower on the stochastic and a few more points on the trend before I look for a reversal.
As we approach the end of the year, and this continues to go lower, the stochastic is reasonably placed, but otherwise, it looks to continue its bearish direction, especially with the majority of indicators informing us of this.
The flow of sideway in a channel movement has been the bull trend analysis; in a nutshell, this has happened in the past few months, and it is looking to do it again with everything curling up and looking to race toward the top again after a brief breather. It could see a 10% or more move, especially if it passes the 350 area.
The oscillators are gearing up to bulls, and indicators are doing the same. The only thing that could change that course in direction is a few uncertainties in MACD, stochastic, and the bottom of the Bollinger and Keltner being around the low 130-135 area could test new highs for the longer term.
From indicators to oscillators, this will move bullish to the 712-plus level. This is sanely the most sought-after ES; there is belief, bouncing off averages.
The chart pattern shows the stock's upward movement is likely, with levels stretching out and allowing it to run after a slight pause. What was a parabolic move has now turned into a consistent run and is closing in on 300s and the previous highs set a few years ago. Target 300
A few things to note include the indicators from Bollinger to stochastic still an entry before a retrace, could run up to 450 on several different indicators, and with the sideway upward moving channel could also give it room to form a new trend, one to the upside. Target 450
The only average still unclear to me is the moving average 100/200. Otherwise, key indicators have started to move again after a turbulent November finish, and we should see a better December. Our target is 150. Stochastic, RSI MACD crossover flat but waiting to see an upward move in direction.
The stochastic and rsi are on an uptrend halfway; there are signs of a squeeze from the Keltner and Bollinger, a sideway pattern pursuing a pattern close to its breakout. Target 760
With crossovers, indicators are poised to bet big on the retrace combined with consolidation and moving back to an area of high volume into 570 territory. We believe this is oversold and has room to run. Target 570.
The indicators are death cross, sharply down, and other areas are more reluctant to long-term bulls until the bottom Bollinger is hit in at around 52. Breaking 72 support could do just that except 2% away from its actual price before it changes course. It will remain bearish until close to the 50s.
The stock has been selling, and the price has gone down until positive news and a candle, with the most significant increase in data produced since last year, took us back to 36 or more. The odds of a slight decline to fill the previous candle and the high take us back to 36 or more if it tests a new high. On watch for a breakout.