overnight is all long and will be looking for a long trade but pay very close attention to the top red zone box, for a continuation to the long side this is the resistance range we need to break, so look to see if we power through or reject this price area. If market rejects without top range consolidation I will flip to looking primarily short other wise looking...
Over night is all above Friday close in a bullish imbalance, so this trade to 3230-3232 area for a bounce, or a break. There just gave plan A and plan B. I think red zone is more critical today for direction and strength than it has been in some time, so plan A is drop to support of red zone bottom for long, Plan b is drop below red zone bottom for short, and...
Market is in a 4 day range and each second day is going from trading near the top of the range to the next day trading the bottom of the range. A break of this range is needed to confirm next bigger trade idea. The over night was all long but did move back down to teh top of yesterday and formed a nice overnight balance. Idea I like is a move down to area of red...
Use this as a guide to develop your personal view. Main items we can see on the Daily Chart: a) The price is inside a Weekly ascending channel and currently is against it (major reversal zone) b) If we pay attention, there is another channel (light blue), and the price is close to breaking it with a bearish movement c) If that happens, we will wait for a...
Es over night has moved to a lower distribution and if we do not get a move back up above 3260 then I remain bearish looking for further down into lower targets. Watch for a choppy action until the red zone break and then on a solid break that will become my primary direction bias for the day.
Pretty self-explanatory. Bars pattern copied has been adjusted in size. Continued likeness = potential drop to 2600 levels.
Which of the three scenarios, in the end, will draw the S&P 500 E-mini Futures?
The chart says it all. Has been a model for the past several weeks and working perfectly according to fib levels and technicals drawn: 1. Megaphone 2. Head and Shoulders Breakdown 3. Bear Wedge Suggests Termination at 3300
The over night action is all bullish but balanced so a break of the balance is needed for a trend trade, if not very choppy action. we have decent targets on both sides and will be letting the market pick my primary bias today. Good place is impulse, retrace to a level and then go.
we are playing in a wide chop zone that has lots of room inside to make for decent size trades, so that is plan a) nest plan is a impulsive break up and out of the Red zone and get long any retrace for a run to posted targets. and the same with ideas from the bottom if not already short from red zone top
NO need to point out the obvious so i won't. Currently we are in a large prior distribution of 3220 to 3265 and breaking this range could give a good clue to next location we head to. below 3220 I think a fast move to 3206 is probable. Maybe with no extra news we have a big range back and forth with some very spiky moves in that range. Will watch for break of...
The S&P 500 is in a long-term Bull Market with price trading above the 50 and 200 and 800 week emas. The 50 week ema is up trending with the market putting in a another long green candle last week to trade through the upper Bollinger band. Price would have to drop all the way down to close below 3176 before we would consider the market to be correcting, and the...
over night action is bullish and with out news will think it moves higher so will be looking for the move down around the Red zone bottom for a long entry, A move below red bottom will take us down to one of the targets marked on the chart. Second plan is if we open with no drop will trade a retest of the red zone top or other decent pull backs after teh impulsive...
We are now in a un tested zone and looking for direction as the over night area balances. A break of the Red zone could see some sharp fast moves down to repair some structural damage. and holding the Red zone bottom looks to me that we will have some large range back and forth till a new higher level is found.
A over night long side balancing trade so first idea is to look for a drop to red zone bottom for a bounce. A break below Red bottom I will look for 3320 area where the market could just go choppy. Also third trade idea is a strong opening bounce for a higher move early that then chops. This should provide you with three game plans for trades after we see how it opens
most of the inventory from Friday close is short and this could cause a move back up into Friday rth session before a direction is found. Will watch red zone boundaries and any impulse around these red zone areas for a solid trade idea. There are lots of landing zones for down moves but the top side has some unresolved issues also. Todays action will be a strong...
Full bull is still in full effect. Would be nice to have one more repeat day giving us dips to buy, but get the feeling a open hard pop is coming but will see. Will look for strong impulse to act from but be very aware of the small range chop. If we get the chop i will try and post later today what my bias of the chop resolution is.