So, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet.
We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below...
In this video, I break down why the E-mini S&P Futures could be aiming for the 5200 mark soon. Utilizing Bollinger Bands, the 5-day SMA, VWAP, and RSI, I dissect the potential moves and patterns within the market. I also give insight on the E-mini Nasdaq NQ1!, and why day traders should be looking at 10-year Yields and how they are impacting the Russell 2000 RTY1!
So trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and...
In my opinion today the market shifted from buying to selling. The shift was mostly obvious in DJ30 but I think all will fall heavily this week.
Disclaimer: Not a financial advice. Do your own analysis before investing or trading
Trends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 5086 Uptrend (5/2/2024) Higher High
1Hr - 5117 Uptrend (5/1/2024) Higher High
2Hr - 5117 Uptrend (5/1/2024) Lower High
3Hr - 5157 Uptrend (5/3/2024) Higher...
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 5083 Uptrend (4/25/2024) Higher High
1Hr - 5083 Uptrend (4/25/2024) Higher High
2Hr - 5131...
So again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days.
I go into it in the video, but major Earnings are next week, and...
For the first time in 2024 the US Stock Market's S&P 500 has shown TWO bearish signs at once this week.
In any given year statistically one can expect 2 or 3 corrections of -5% to -10%. It is now month 4 of 2024 and we are due.
In this video I talk about the two signs (False Breakout Monday, Break and Hold Resistance Thursday) that came together to signal the...
Job data this morning caused a movement exactly as I anticipated and discussed yesterday. The move lower I suspected came yesterday as I anticipated, so now I'm just looking to see if we can move below this 5204 12hr support line. To date, the 12hr has been the major support level to stop any movement down since November which is why we have not seen a Daily trend...
Longer video but hopefully it clarifies my position in the market. I do NOT have a short position yet, but I am looking for one at this point. I might wait until either the close of the day depending on where we are OR take a short position if the overall day goes negative.
Trends into today;
Last Macro Trend Signal Spots (ES Contract)
30m - 5724 Uptrend...
In this video, I provide an in-depth market forecast for the week ahead in the ES (S&P 500 E-mini), NQ (Nasdaq E-mini), RTY (Russell 2000 Index), and 10 YR (10-Year Treasury Note) markets. I am using a few key technical indicators and market trends to give you valuable insights into potential price movements and trading opportunities.
Indicators used in this...
Overheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note.
Trends into today are;
Last Macro Trend Signal Spots (ES Contract)
30m - 4925 Downtrend (1/31/2024) Lower Low
1Hr - 4933...
So I chose to cash out my trade at 4760 for about $2250. Trends have a huge case to send us lower, especially if the 6hour keeps signaling lower. All the trends between 30m and 4hr are ALL in a lower low downtrend at the moment.
The trends are as follows;
Last Macro Trend Signal Spots (ES Contract)
30m - 4778 Downtrend (1/17/2024) Lower Low
1Hr - 4761 Downtrend...
Called for buys last week, and it paid off!
This week, more of the same.
Wait for the pullback, an +FVG to form, and look for valid buys.
Leave me a comment, as I like to hear from my viewers! Thank you.
May profits be upon you.
Still sitting short at 4805, at the time of recording I was slightly in the negative, but since we have pulled back down as expected and I'm in a profit zone. The trends are well explained in the video, but most important takeaway is that a new 4hr downtrend coming in below 4808 will signal a lower low, as will a 6hr downtrend coming in below 4759. These two...
