S&P 500 E-mini Futures ES1!

vaghela0747

On the Weekly chart in S&P 500 , I can notice Bearish Head and Shoulder Pattern , but coming week after this drastic fall maybe we can see some pullback to the neckline and then further collapse on the downside at least till the level I have marked that is 3491.25 SP:SPX

bumstead12312

Instrument coming below 200sma after making a top and smoothly sliding down in a downtrending channel taking support at fibonacci of .786 and .618 respectively in the previous lower high formation, looking to take resistance of .5, this time before getting back into the channel first to the mid of the channel AND second to the lower end of the channel, Its a...

sbvinith

3750 is the potential target on the short side based on the harmonic shark pattern and it also coincides with the fib level (0.5-0.618 zone), making it even more lucrative to initiate longs in anticipation of a reversal from the said zone. However, given the fact that the recent fall had no retracement whatsoever, a possibility of a retracement at the current...

no_aha Premium

The 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

no_aha Premium

This 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...

Medi_Trading Pro

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

AIRock_07

Downtrend 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.

TradersVenue Premium Updated 

🔴SPX oversold. But its a relative term. Weekly RSI < 40 (34) 🔴SAR-Mean reversion system has given sell signal in weekly. 🔴Price trading below major moving avg in daily & weekly TF 🔴Below 3855 it can break swing low and head towards 3400 🔴JPMorgan sees levels of 3400 which is pre-pandemic highs.

Degengambleh Premium

I 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

UnknownUnicorn31132676

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.

Ankit_1618 Premium

All Levels mentioned on Chart your part is to manage risks wisely as you are responsible for your understandings

Hindu Premium

Todays daily candle was teetering between +/- We ended closing - but its a very weak close from bear my plan today was if we close - like this i would long targeting new weekly highs if we close weak + (weak bull) i would have looked to short the close. based off probabilties bears seem like they are losing steam and markets seem to be favoring longs. There...

TrueTraderOfficial Premium

It’s very important to always identify which timeframes we are extended on and which ones we are not. I do this by asking if we are extended from the 20sma or are we right on it? If we are far away from the 20sma, to me that signals that we are extended on that timeframe. It's pretty obvious on the monthly timeframe we are extended. Yes, there is substantial...

TrueTraderOfficial Premium

BULLISH TO NEUTRAL: Broader Market Analysis starts with the ES. Last week we talked about the first red flag of many. The break of previous month lows. (Aug lows were broken in Sept). Now with Sept lows being broken in Oct already. I still don’t think there’s anything to panic about.. At least not yet. Why? Because we’re just pulling back into the Weekly 20...

TrueTraderOfficial Premium Updated 

So we finally did it! For the first time in over a year, we broke the lows of the previous month. Always keep in mind that that alone is not enough to cause concern. Remember, it isn’t the pullback itself that matters. It’s what happens afterwards. I’m fully focused on the weekly chart. The first challenge for this coming week is to see if we can break back above...

AIRock_07

ES1 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.

TrueTraderOfficial Premium

Last week we saw quite a bit of heaviness to the market. Last Sunday Prep called for pops back into the underside of the 20d to be treated as possible areas of resistance where we could look to get short. As you can see we breached this trendline that we’ve been holding since last year. I still don’t think it’s time to panic as there are still plenty of levels...

TrueTraderOfficial Premium

Well we finally are getting that pullback. The 50 is just below. Would love to see us test that area and then look to see what price action is suggesting. Till then I will treat all pops back to the underside of the 20d as a possible area of resistance. If we lose the 50d, we have the monthly/quarterly pivots right below there right around 4400.