ES1 IdeaES1 looks like could form a rising wedge to then fake out above, hit the OB and FIB Channel GP to then come back down. Early days need to monitor still.
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ES1 Support and Resistance For the E-mini S&P 500 Futures (ES1!) on a 1-hour timeframe, here are the key support and resistance levels:
Support Levels: 4,100, 4,050, 4,000
Resistance Levels: 4,150, 4,200, 4,250
ES1 Short 4140 - 4050Downtrend HVN near 4100. Confluence of descending channel in red line. 0.382 Fib also present here. Also acceptance back into prior ascending channel reference here blue line.
ES1! Short : Strong Breakout !After a strong trend reversal, the price has broken through a major support zone, providing an excellent opportunity to short ES1! Investors, best of luck.
Break down of ES1!It is looking like a breakdown is about to happen. Lets see, this is the correction we need in the market.
Bank Nifty Today - 03 NOV 2022 Analysis + Comparison with S&P500Bank nifty moved today quite contradictory to the global moves. Frankly what is happening to India's banks - is there so much positivity to bury the global macros ?
S&P500 down 2.5&, Nasdaq100 down 3.39% and our bank nifty up 0.37% today
Just look the opening 4 candles. Gap down opening at 40873 very near to the support level of 40867 - hits the resistance level of 41314 by 9.35 - who would believe it ? 494pts move in 20mts with great momentum.
I am not worried with bank nifty moving up like that - but on a day where the global cues were very negative - quite impossible.
From 9.35 to close BN traded in and around the SR line with minimal volatility. Cannot even believe the India VIX came down by 4.3% today. Is there a real fundamental shift in India & its growth story - or are these some pump & dump scheme operated to loot the retail traders & investors? Who am I to ask these….?
The candle at 10.10 looked interesting - it broke through the resistance and then a fall back to the level over the next 11 candles. And then another pump at 11.10, over the next 2 candles we would have got the impression that BN may breakout - but the 41455 resistance line came into play.
Then we had a gradual fall below the SR line, but notice the price action at 13.10 (strong green candle breaking the resistance again). Anyways the final close was at 41304 just below the SR of 41314.
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6 major banks, most of them showing strength today
HDFC bank closed in red, but the chart pattern is not negative
ICICI closed in green with flattish pattern
SBI closed well in green with bullish pattern
AXIS bank showed strong breakout in the morning to give it all back later - closed flat
Kotak was trading below yesterday's close with a bearish bias
IndusInd bank showing bullish pattern.
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Since today was expiry - there were many trade possibilities that could have been planned.
BN stayed within the support & resistance zone eventhough it felt it would be a breakout today. All OTM calls & puts have gone to zero - if you would have written them, you could have made money. However we can all say that with hindsight - cannot engineer the outcome in advance.
I am of the personal opinion that most of the traders would have hit their stop loss due to the mammoth move in the opening 20mts. Due to the overnight macros - most of them would have thought the bias will be bearish today.
I noticed that the premiums on the call side were very minimal signaling the bank nifty might not breakout, but was not courageous enough to short them today after seeing the open.
I am researching into deploying ratio spreads into weekly expiry to bring in exponential returns with a limited risk profile - may be it will take 6 to 9 months to get some clarity (i dont prefer to back test, i instead journal the trades henceforth - something like a forward test)
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SPX & Banknifty has diverged more today - the gap is now in excess of 22%. Presently the ES1 futures are showing a drop of 1% - so may be the US market will be in red today also.
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15mts showing sideways market
1hr also showing sideways market
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Bank nifty support & resistance levels
s1: 40867, s2: 40691
r1: 41312, r2: 41455
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PS: Read the standard disclaimer at: bit. ly/3Nm3RER
Falling wedge in S&P 500 4H chartS&P 500 index futures has completed a falling wedge on 4H chart. Falling wedge is a reversal signal and indicates lack of strength in the bears. Hence, we may see price correct back to 50MA (red line) and the wedge high of 3739.
We will watch for price action as it touches the 50MA. If the price reverses and bears come back at 50MA, bullish bet would be called off. If not, bulls are strong and 3739 becomes a fair possibility.
SPX Triangle breakout possible.SPX looks like an impulse up unfolding from this swing low.
Buy on triangle breakout or preferably after a retest dip..
SL 3721, Target ATH
ES is in its final leg to bottom out around 4085-4075The S&P is in its 5th wave from the high of 4327, nearing the confluence target area of 4085-4075.
Ideally wait till the entire 5th wave is complete (all the subwaves) and wait for a reversal to take a low risk entry.
Targets can be the mid 4200s.
New idea will be updated there
ES emini wave analysis from 3693 lowThis whole rise has from 3693 low (yes, not the actual low at 3639. Refer: wave 5 truncation) has been a 3 wave move so far.
Wave 1/A has been a clear 5 wave followed by an extended 3/C wave with the iii of 3 extension.
The 3/C wave ended with wave 5 as an ending diagonal.
Now, the fall from the absolute high of 4327 has been impulsive so far with a series of 1-2-i-ii.
The first target post a completion of 5 waves up is the range of the 4th wave of lower degree. This comes at 4113-4080.
This level also coincides with the 0.382 retracement of the entire rise from 3723.
Given that the entire move from the top is impulsive, we can expect a minimum of a 5-3-5 correction. After that is done, we can evaluate if it evolves into a further decline, or pushes towards a new high.
Summary: Target - 4080. Further decline to be evaluated based on the evolving structure after that.
-ansible/entropy
S&P500 Index analysis with vixplosion, and vixcrush. What is ViXplosion & ViXcrush?
ViXplosion is a phase during which the VIX rises and ViXcrush is a phase during which VIX cools off.
The last ViXplosion was triggered on 06-04-2022 and the latest ViXcrush was triggered on 16-06-2022.
S&P 500 (S & P 500)S&P 500 E-mini Futures ES1! seems headed for a fall just long as it doesn’t break 4200.
All levels mentioned on chart and as follows:
Enter @ CMP 4140
SL @ 4200
Target @ 3940
SPX - AnticipationI expect this index to do this PA for the rest of the year if the situations are not too grim..
A good amount of relief, even tag new ATH before getting a good amount of further correction.
Can be wrong (duh), NFA
S&P 500 As per Price & Time Square We are expecting 4300 near before 22nd April
This is purely based on PriceTime Square
Dow Jones 26 Feb 2020 - Indian Traders & Worldwide Traders As asked by many Indian and overseas traders about Dow Jones. I updated live on social media platforms that a big bear hammer is going to strike dow jones in this week.
As I post dow jones is trading = 27410 with a low at 27402.
Support for dow = 27219-27402
Expectation
Low hit today evening or early morning tomorrow , range bound session could continue for 24 hours
My trade
I'm trying to buy this dip
S&P 500 E-MINI FUTURES: Still no signs of exhaustionOn Daily, 4 Hour, 2 hour, all timeframes, E-mini doesnt seem to have exhausted at all.
Close below 2662 can be the first sign of exhaustion...
