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
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.
still learning, but by using the fib and applying what i learned about the market gravitating back to its last low i feel like it will drop in the short term. ?
All Levels mentioned on Chart your part is to manage risks wisely as you are responsible for your understandings
Just updating to my previous Es extentions. These levels are for educational purpose only this is not FA These levels are fibonacci price extentions with levels all the way to $12,000
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...
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...
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...
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...
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...
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.
Last week was a pretty narrow range for what we’ve been seeing. Doesn’t necessarily mean anything. We’ve seen a decent move up so some digestion isn’t a surprise. Will be using under last week’s lows as the first area to think we see a bigger flush lower. The area I’m interested in seeing tested is the 20d as it lines up almost perfectly with the monthly pivot...
And the ascent continues. The grind up has really just become mechanical at this point. Dips are very controlled and cause no real reason for longs to panic and if there are any macro shorts left then they are all just being slow-cooked to death at this point. The more this continues, the more I begin to feel like the only way this ends is in some sort of...
Got the big flush down to the 50d/monthly pivot which held almost to the T. Will be watching for pullbacks to those levels as key support this week. Below that and there’s not much in the way of support till the monthly pivot/annual pivot area around 4270s. We have ATHs as the first area of resistance and after that maybe we finally test that 4500 area.
Strategy consist of RSI (21) Overbought 60 Oversold 40 Super trend (7,3) Ichimoku Cloud - Only Kumo i.e Senkou Span A & Senkou Span B ( default ) Bullish Signal When RSI closes above 60 and price closes above ichimoku cloud and super trend Buy above the bullish candle and trail the trade with super trend Bearish Signal When RSI closes below 40 and price...
Idea consist of EMA 13 offset by 1 Linda 3 10 oscillator 3 10 Trend Signal Enter Long once Linda 3 10 oscillator signal line (Red Line) crosses above zero from below Wait for trend signal to turn green Wait till 2 consecutive heikin ashi bullish candles closes above 13 EMA offset 1 Enter above high of second bullish heikin ashi candle Trail your sl with13 EMA...