dual 15 minute forecast (es1!)es1! undergoing snap back to highs not seen since dec 23
increased volatility would be the natural position, even in bullish continuation
both targets are equally valid
essentially a topfishing play
Emini
tightening range will break sooncould go either direction but falling support will be broken or rising resistance will break either way volatility will increase
hourly es1! failing resistance, but shaping up for bull lateresmini futures experiencing volatility, but 4 hr pattern looking like we will find support just beneath these levels
a daily continuation is likely, but bulls arent seeking much higher prices as liquidity drops and profit is taken
channel break short entry s&p500 futures emini 15 minute (es1!)if we form a lower high on the 15 minute timeframe this area in emini futures are a target for short selling
Bulls and Bears zone for 12-21-2021Yesterday's rally continued into ETH session and about to test Friday's Close.
Any test of ETH session High could provide direction for the day.
Level to watch 4600 --- 4598
Bulls and Bears zone for 12-20-2021Friday market closed at Low of last week and ETH session has continued same path.
Any test of ETH session Fibonacci 50% level could provide direction for the day.
Level to watch 4550 --- 4548
Bulls and Bears zone for 12-17-2021Yesterday's sell off paused around weekly Fibonacci 50% level.
In addition, this week market has been alternating between sell off and rally.
Level to watch 4625 --- 4627
Bulls and Bears zone for 12-16-2021There was a lot of Euphoria among traders after Fed announcement which continued into ETH session.
Any test of ETH session High could provide direction for the day.
Level to watch 4728 --- 4726
Reports to watch:
US:PMI Composite Flash
9:45 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-15-2021Two sessions in a row where market sold off then bounced to test Fibonacci 50% level.
Could third day be the charm for Bulls.
Level to watch 4627 --- 4625
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Bulls and Bears zone for 12-14-2021Even though, market is selling off during ETH session, checking Fibonacci levels might provide some insights.
Any test of ETH session Low could provide direction for the day.
Level to watch 4633 --- 4631
Bulls and Bears zone for 12-13-2021Markets are currently trading above Friday's High which could be bullish.
Any test of Friday's Close could provide direction for the day.
Level to watch 4713 --- 4711
Spx need to see the larger pictureso far the blue channel has been holding, but price still below the mid line.
If channel lost, next area of interest is the yellow deviation...
I see a possibility for a topping process or a sideways consolidation for a while to form...
Bulls and Bears zone for 12-10-2021This morning market has rallied to test yesterday's ETH session High.
Any test of ETH session High could provide direction for the day.
Level to watch 4692 --- 4690
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 12-09-2021ETH session market has pulled back to test yesterday's Low.
Any test of ETH session Low could provide direction for the day.
Level to watch 4675 --- 4673
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 12-08-2021After yesterday morning's rally market has been trading sideways since.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4692 --- 4690
Reports to watch:
US:JOLTS
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Potential Fractal for S&P500perhaps a few days sideways to up followed by a sharper decline is on the brew!
a topfishing play on spx futes (es1!)es1! calls have been lining themselves up for overheated conditions on top of a move that has confirmed higher lows on larger timeframes and smaller ones become overbought
above 4620 is a sell pressure area
below 4581 is a supportive area
could bullflag, but more probable is a false breakout, followed by a short term melt fown
S&P500 futures should form trend change (es1!)es1! is on the verge of forming its first daily higher low since the top april 22nd off of a double bottom just breaking 4500 to the downside: sell climax should be in the works in this area leading to pressure on the 4555 area.
Bulls and Bears zone for 12-06-2021Market has been trading sideways most of ETH session.
Any test of ETH session High could provide direction for the day.
Level to watch 4560 --- 4562
esmini forming higher lows on multiple timeframes (es1!)es1! set to follow a path higher according to rsi, fib extension hourly
Bulls and Bears zone for 12-03-2021ETH session has continued markets rally from yesterday.
For this rally to continue, market will need to stay above yesterday's Close.
Level to watch 4587 --- 4585
Reports to watch:
US:Factory Orders
10:00 AM ET
US:ISM Services Index
10:00 AM ET
Bulls and Bears zone for 12-02-2021Since the market sold off a lot yesterday, it might be a good idea to check on Fibonacci levels.
Any test of ETH session High could provide direction for the day.
Level to watch 4515 --- 4513
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Pivotal Levels To Trade The DowIn this update we review the price action the Emini Dow and identify some high probability trade locations to take advantage of!
