Barkworth

Barkworth

S&P 500 Futures $ES_F SP:SPX AMEX:SPY #Futures #Stockmarket #DayTrading #Investing #sp500trading #futurestrading #MarketAnalysis #NQTrading #ESTrading Friday’s plan targeted the $5881-$5893 area for a lower high - still in anticipation of a D1 EMA50 contraction. A short squeeze push price higher, but rejected below break out resistance, keeping the proposed...

Barkworth

Moving away from weekly support after putting in a higher low. A higher high now would pivot and confirm that higher low. Therefore, this anticipated higher high ( continuation ) would be the logical long entry if not long from the break out retest.

Barkworth Updated 

Just studying some and figured to put some thoughts to writing, solely for my own friction of thought. $TLRY's sudden price jump occurred during the formation of a minuette 5 wave, which extended. The steep sell off right after, was pretty scary, but expected at the same time. I am trying to decide if we witnessed an anomaly, or if this insane price action marks...

Barkworth

Wave 3 incoming.

Barkworth

Looks like a nice setup for a quick play, with nice .618 bounce and some seemingly easy diagonals. I don't see a triangle formation, but the lines are there. Many different patterns possible here. Initial wave looks like a 5 wave move, but alternatively labelled as WXY. Nice .618 bounce, suggesting that we could see bullish continuation. I'm leaning to a C wave...

Barkworth

Move coming? Needs to break and close above $0.39

Barkworth

No earnings data announced yet.

Barkworth

We just need time...

Barkworth Updated 

Following my previous post, we now have 1-2 or we have A-B. Next is a 3 or a C that should target $24. Breaking above $24 increases the probability that it is a 3rd wave, and would target $28, $32, $35 and $40. Rejection at $24 would mean more pain ahead. Macro degree, we will either get a head and shoulders, leading the price down to the $10 range, or we get an...

Barkworth Updated 

We got the anticipated lower low, we got the bounce, we got a channel break and a retest. Is it a fake out, or is this a sustainable break out? Indices show signs of bottoming as well.

Barkworth Updated 

I think we could see one more lower low before a bounce, but a bounce should be imminent?

Barkworth

Quikck push higher, then a retest of balance area before going higher?

Barkworth

I am anticipating a retest of upper resistance, most likely pre-market. Waves 5 can extend, but it wouldn't be reasonable not to expect at least some sort of pull back before charging higher. Breaking the .618 at $28.85 would be the first hint that we could see a try at $29.50.

Barkworth

Had a flirt with R2, currently resting on the 2018 high. Could see a retest of S1. Volume supports a motive setup, also Moving Averages supporting a possible uptrend.

Barkworth

Losing $26 would bring $23 in play. $29.50 again resistance. Wave leading into the setup looks choppy, lacks an impulse but could still be motive. A retrace to $23 could be a classic 1-2 setup. Volume supports a motive setup, also Moving Averages supporting a possible uptrend.

Barkworth Updated 

We got the anticipated move higher. She met supply here. If she manages to break supply, there could be a little more upside to the current sub wave. If projected levels hold, she should pinball her way through to upper resistance. Wave does look choppy, but lets stick with impulse for now.

Barkworth Updated 

Important intra year level. Met supply here. Demand is at $29.60?

Barkworth

Sector looks strong right now. Looking for continuation.