The Main reasons to think that a bearish movement is about to star are the next ones: A) Same situation than the bearish movement in October 2018 observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario. B)The current Technical situation on the 4hs Chart: -The...
will watch the zone of 2892 and 2882, could be the days chop range. a move above this area could see a strong up move to 2900 and further, A move below 2882 I will be looking for short trades to 2879 and 2870. My bias will be up move continuation for today
Today could be a set up for a variety of outcomes. The overnight is well balanced, and employment numbers are in the mirror. In the regular session we still have not seen any strong distribution so still watching for that and thinking 2862 could be the area we begin to see that. So looking for a choppy open with a push up to 2862 and at that level see if there...
Primary plan is a opening move down to 2828 and then a bounce up to as high as 2862 that might stop at 2845 or 2856. consolidation chop zone will be 2831 to 2838 and in the event we break down below 2823 and it is more than a stop sweep I think a move to 2805m is possible
The chart almost tells the tail, will be looking for an opening down move with further up side to come. after yesterday this could be a choppy do nothing day
This is what I see. Drop comments below. Thanks
on open will look for a bit of a down move then continuation to the up side unless 2754 is taken out below. after the move up will then look for the days trading range to be established for chop zone trading. and if we move above 2774 will look for 2786 and 2800 as up side targets
Today we look like could have two possible chop zones, or one big trading range I remain in a trade the consolidation mode if we remain below 2750 and above 2730, and that range can be broke into to possible zones with 2741 as the separator. If we firmly break above 2750 and build any level of acceptance I will play long to the 2775 area. and will keep the...
open could see a move up to 2768 and then retest the over night low. if the low does not hold lower targets of 2741, 2736, 2719 and 2695 are possible and may not all happen today. I will be looking for a open bounce that hold below 68 to short or a hard down move to short. Above the 2768 line I will switch hats for at least a 505 gap fill to 2778 area
The over night has continued the build out of the balanced consolidation, and a move above 2792 should see us retest 2800 and 2805, so would be looking for a long. alternatively a move below the 2785 area that is more than a just a stop test I will be looking for a move back to 2775 and finding spot to get short
often after big moving days the following day can be sideways consolidating, so will be watching for that. A break below 2883 will set up for short trades and will stay looking for shorts as long as we remain below that price area. On the other hand a move above 2894 I will be looking for long trades with a deep respect for the 2800 area. If above or below these...
TRADE IDEA: E-Mini SP500 Price is on a major descending Trend since 1st of May when the Trade war started escalating between China and the US. we expect this situation to keep bringing uncertainty and making the price to fall. That’s the context of the trade Technically we see the yellow bearish trendline as the main one of the descending movement. If the...
I am not changing anything from Thursday
today will be looking for a impulse move to either up side or down side that takes us above or below the over/under lines. if above will look to target 2858 and if below the under will target 2810. the entries will depend on how the market moves to these locations.
over night had a good sized down move then went into balance, so the direction the day takes will be found if one of the over/under lines gets taken out. The lines above are the up side targets and the Lines below are the down side targets. If all we get is between over/under will be a very choppy day
Today is simple between over and under line look for back and forth chop. and if move up first target is 2876 and move below look for 2833
We've pulled back quite a lot...tons of bad news has come out...we entered oversold territory and we're now consolidating for a move up. Across the market are long entries with great R/R profiles. Indices are finding support on 200 MAs, volume nodes, cloud tops, etc and now the market no longer cares about the bad news. When bad news is good news...shorts better...
At time of this post we are above the over line so looking for a open move down to be bought back up, unless we get a impulse down. The down move I do not expect it to be a gap close maybe only 5 to 10 points before bounce. Will be looking for buying spots on the turn, and if we do not turn will look to sell