Break through the major moving average downward. Short on rebound. The major moving average line length is 120 to 250. I use 150.
The market index may rebound first, and then continue to decline and pull back next week. The pullback is 50% of the previous wave. The total trading volume in the downtrend wave is greater than that in the uptrend wave. There is a high probability of a second leg of decline.
Currently, S&P futures are in a volatile mode. Traders should sell high and buy low. The price has gone through several oscillations. It is very likely that a direction will be chosen in the next one or two days. Judging from the development of the moving average, a breakout to the upside may occur.
ESZ22 maybe will test the 50% FIB. Then choose the next direction. The wedge/trendline is good in ESZ22, but not correct in ES1!. CME_MINI:ES1! Currently, the trend is down.
I am waiting for a double bottom or a wedge. Currently, ES is in a downtrend. It was more likely to retest the bottom several days ago. The wedge is more likely than a double bottom. Let's see what happens when retesting the bottom.
break out down trendline on 1 hour chart. Still in down trend now.
ES WILL open at range of Friday. around open of Friday. up momentum of day still exist. today maybe a trading range day.
Maybe trading range day. buy low ,sell high. if up trendline(4h) is broken, I will consider short SPX.
gap up open. pre top is 2865. maybe fill the gap. trading range more likely. buy high, sell low.
trading range day ,maybe. broke out yesterday, today maybe trading range day or small pullback. buy low, sell high.