Mes1
S & P 500 day tradingFirst target (green arrow) if 4375 on es after open holds it up. Will try to post trades that system hits on.
day trading ESI have been trying to only post when you will have 10 or so minutes to join me on the trade. Darn things fire off before i an get them posted. Do not want to post look at the trades I have done. Arrow marks spot i was half finished typing on and it took off, will keep trying to post early.
SP500 - Turn ahead, or further flush?Orange Fork:
Price reached the centerline and flushed through it. Now fighting against a further stretch. A close above the yellow horizontal would indicate, that price reached it's P3-Swing (3?).
Red Fork:
Speed fork, which is a measure if the speed will increase or not. Close The close above the red centerline tells me, price is slowing down, because of no further downside action, away from this red CL.
From where price is now, chance up or down are 50&50.
My personal assumption? I have no frkn clue, I just follow the marekt which is short, until the break of the yellow horizontal line.
When Bonds and Stocks go up together...... it is a sign of a top approaching??
Disclaimer: This is just an opinion, not a financial advice. Do your own homework.
SP500 to 4200 by 4/20When twitter starts posting VIX charts, you know its time to buckle up for them to scream "GolDen AgE oF AsSeT BubBlEs" when the market, against all the social media narratives, rips shorts to shreds.
"ArCHEgOs iS goNnA buRsT tHiS BuBBle" -> /es runs to 4k+ instantly
No, this is not the 2001 Tech Bubble.
4104 is top line resistance. If hit, we'll have a small pullback (4050-4060 floor). I estimate the pullback to last approx till 4/14-4/15. Option expiration and after -> Insane melt-up coming.
Never short a dull market.
This is not financial advice.
MESH2021 SCALP opportunityHello, Thanks for watching!
I see some scalp opportunity for 2/4/2021 to go long take 8-12 points
around 3825, 3775, and 3700.
Have a great day!
SPY MES1! 3840: Bears have been WRONG, NOW WHAT? 3880 then 3800?with SPX at 3840, after an impressive run for the last 12 weeks, is it due for a rest?
It is likely the market will attempt to ATH to 3880 on heels of good earnings from meg caps but the majority of the moves are already made.
Testing 3800 is a higher probability than 3880.
MES1! to Test 3600, then 3535 Within 2 or 3 weeksThe market has been on hopium with the flood of new IPOs and hot stories at values that have not seen in the market's recent history collectively. Technically based on timing and price symmetry we are likely to see a natural retracement, to at least 3600 and 3535. Beyond that, my vision is blurred LOL.
MES1! Likely Retracement Ahead Based on RSI and MACD & Timing SPX has been in a tight range, grinding higher slightly every day. Momentum indicators have signaled a downturn as well as the divergence throughout this 40-day long rally. The targeted retracement is 50% Fib by mid-Jan of 2021. Levels are 3591,and then 3515 (50% Fib)
$MES_F Longer Term Outlook - Reversal Coming?After the $MES1! sellers drove prices down aggressively lower, price has been shifting to a much more range bound stance being confirmed even more by the rounding price action. There are also two separate 3-Press Lows forming at almost identical locations on top of measured move completion targets. There are likely only going to be two responses to this movement -- Aggressive and Conservative approaches.
S&P500 breaking out of symmetrical triangle.$ES is breaking out of symmetrical triangle.
We need to close above tested base to clear path to 3500.
Low of 3005 have been taken out. Making HH's and HL's.
Target: previous highs
Invalidation: fake-out, shitting the bed and close below Weekly Open.
$ES $MES $SPY $SPX
Bullish case of S&P 500Bullish Case of $ES_F #ES_F $MES $SPX
Bulls are not done yet. Here is why:
- Brocken demand base retested
- Daily/Weekly Open retested
- Clean break thru Monthly open, looking for retest
Invalidation: close below Weekly Open.
We may shit the bed below Monthly open for more liquidity.
Oh my God!!! The Biggest Bear Trap in the History is Here.These Fractals matching exactly in terms of Fibonacci Retracement, Exponential Moving Average and Top/Bottom Hourly.
Only Algorithm with Huge Capital Power can do that.
Expects for the All Time High to come as soon as by the end of this month.
Thus, we're seeing the Biggest Bear Trap in this History: "-35% Crash in just 4 Weeks".
"History does not repeat itself, but it Rhymes"
- Mark Twain
The Biggest Bear Trap in History is Here. (Revised version)Better matching by using 110 min chart.
Original idea below:
MES1! could head down to 2800-2750 zonePeople wanna blame the Corona virus, I just trust the candles. Pink lines show weekly levels here on this 4 hour chart.Speaking of the weekly chart, take a gander and see that this weeks candle is a huge shooting star following the largest bearish weekly candle in years. The bulls can enjoy the bounce for a bit more but in the next coming weeks, I think we'll see 2800 tested. If not, price should head back up to 3200 zone then head down, but in my opinion, that's not likely.
Anyway, be careful out there and happy trading everyone!
What if S&P 500 Index repeats 1968-1970 ? [ -35% DOWN ]I found an incredible matching fractals with both of percentage-wise measurements (up & down) and pattern similarity compared with the period of 1968-1970.
Expects -35% down side and a recession if this history repeats itself.
Prepare for the worst guys!
“History Does Not Repeat Itself, But It Rhymes.”
- Mark Twain
$S&P500 Future Coming Up on Horizontal ResistanceS&P500 Futures (4hr) coming up on horizontal resistance from the 11/24 gap up. If it can push through here, look for a move to the prior rising trend line at 3140. Initial support comes in below around 3070-3080 if it fails
mini S&P500 short planIs it something wrong with my yesterday plan?
Of course not))) I just wait for better point to open short.
The Best point for short is 2961. But will price reach it?
Tired of Losing?
"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour
There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers, and consecutive losers which lead to a draw down. It is easy to get caught up in the heat of the moment depending on where you currently are. But it does not really matter what part of the cycle you are in, it is all part of a traders life and the cycle of a trading performance.
Stop Predicting! It is a false belief to believe prices and markets can be predicted. If it were possible eventually the majority of market participants would figure it out and there would be no one left on the other side of the trade, and the market would cease to exist entirely. If it were possible to predict markets, you could avoid losing trades and only take winners. Anyone who has been trading for very long knows this is simply not the case. The problem with making predictions is you then shut your mind off from the information the market gives you. Instead of being open to what is happening, your mind becomes rigid and can only take in what confirms your beliefs. This prevents you from being able to flow with the market, and open your self to the opportunity in front of you. The best traders admit when they are wrong, get out, and even reverse if necessary.
If you dont believe this - listen to a stock analyst on Mad Money or any other TV show about stocks. They are often so confident in what they say that they might even convince you! But there is a reason why he is on TV talking about markets, and not trading them. If he could trade the markets and make money he would have no reason to go on TV as the financial rewards are miles apart. In fact, analysts make the worst traders because they are so caught up in their thoughts and beliefs about market direction that they cannot trade effectively!
Cease efforts "Wu Wei" In Eastern Philosophy there is a term "Wu Wei." It cannot be fully understood or explained in words, only experienced. At the essence of its meaning is to "Let be" to "allow" or "flow like water down a stream." The point is to stop resisting, and stop trying so hard. The harder you grasp at something, the harder you try to succeed, the more you fail. If you are constantly trying to make money, and constantly trading, you are probably not making a consistent return.
Rather than trying so hard, let trading come naturally. Profitable trading is effortless. It does not require thought, only action. In fact, I try to do as little as possible, and trade as little as possible. My most profitable weeks I hardly trade at all! This has become a fundamental aspect of my trading system. Instead of constantly trying to make money all the time, I simply wait for a pot of gold to be in front of me before I do anything. Then, I take it. Again if you dont believe me; try as hard as you can tomorrow to make as much money as possible and see what happens!
Stop Trying to Remove or Control Emotions - Most traders who have been trading for a while come to the idea that emotions prevent them from success and are standing in their way. I know, as I have been there. And so we try as hard as we can to remove emotions from our trading. There is a problem with this concept. You are a human right? As long as you are human, you will have emotions; no matter how hard you try to remove them. It is simply not possible. So removing emotions or attempting to do so is the wrong approach. Instead; use your emotions to your advantage! They are warning signs; listen to them.
Then there is the negative internal dialogue which the market often brings out. After a series of losing trades, many traders get upset and feel bad. They blame the market for taking from them, and feel like a loser. How do you think a trader will perform after feeling this way for a few days or longer? His performance suffers as he tries to take back what was once his and he compounds his mistakes by trading out of a negative mindset.
You have to learn to recognize and become aware of your internal dialogue. It is very important to your trading career, and your every day life. Most of us live our lives without the slightest idea as to what we are doing to our selves. Your mental structure is a choice. This is what I mean when I say "The Market cannot hurt me, I can only hurt my Self."
My Trading Psychology book "A Traders Mentality - The Path of Self Discovery and Being a Trader" is all about these ideas and how to free your mind and better your trading performance.
If you found this helpful, please like! Feel free to comment or ask questions.
mini S&P500 or ES plan for 05.08.2019Bad times come for American and World economics.
Main move is DOWN now.
I strongly reccomend work only with short positions.
The Best area for enter short is near 2960-2971.
Also, price can move down right from here. Main target is 2700.
Today I invite you on my YouTube channel named USOIL WTI at 11:00 by Chicago.
I will tell you about my trading and answer your questions.
If you have any questions, write private messages.
Push likes, and write comments below.
