The first week of August Template could be bearish or bullish. The first day of the month saw us trading up near the top of the channel and are currently in a retracement. If we are to continue bullish in this up channel, then we need to break this counter trend line. If we fail bearish and break the up channel, then look for a red week. The trend is still bullish...
Everything in Today's session has been measured and planned before the bell opened. Everything is set up for specific moves. This is something I am fascinated by after just studying Today's Session.
Here is the close up of the 15' Chart from my earlier post. I have no idea in which direction it could go as both have viable options. I myself am leaning towards the downside but will trade what I see.
I am looking for a double top entry off the downtrend line to a potential target of at least 4300. I believe this downtrend will continue until at least June or July.
I am making a reasonable prediction of the month of July. I believe it will be a bullish month with the objective to retest the prior highs. I believe the market is pumping up and getting ready for another huge sell off down to at least 2500-3000 area. Of course, I most likely am wrong but to me this is what seems logical. Remember, manage your Risk and Manage...
Today's news is about Personal Spending and the Earnings before the market open is of the Financial and Energy Sectors. I have a feeling today will be a red day but will trade what I see, as I have a bullish scenario as well. Companies Include: AbbVie Allegiance Bancshares Alliance Bernstein AstraZeneca Procter and Gamble Exxon Mobil Phillips 66 Chevron Sony
ES is still in its Bullish Trend Structure as 3950 has not been violated as of yet. I believe we have a reasonable chance at retesting 4000 some time next week. ES loves to retest highs and lows. What we do once at 4000 is only two possibilities, to break out, pullback and continue. To retest the highs and fail. I believe we have a reasonable chance at finishing...
On the brink of another continuation after this pullback. Only if bulls can take control. If closes below EMA then they have failed and price is going back down. I don't see that happening because price has been in a range and is making its way back up to 4000.
Looking for a Bear Channel Continuation possibly at the end of the London Session and the Start of the NY session for the measured move back down to 3775
Here is the last 3 years and what I believe is the most reasonable course of action for the ES. 3200 is the next level of Major Support. We have been in a correction since the high of the year. January 1st was literally the high of the year. If you take the weekly head and shoulder's neckline at 4150 and project it downward you arrive at 3500 which is the 0.5 fib...
How will the last two days play out for the week? We had a crazy 100 pt. spike down into 3750 in less than 2 minutes. CPI year over year is at a 9.1% year over year increase. This recession is just starting, and we are in for another 2008. Recovery will not start until a new administration is in office 2024.
I am waiting patiently for a continuation of the trend trade for the month of July. With 100-point profit potential using a 25-point stop. 1 ES Contract is $5,000.00 USD potential. 1 MES is $500.00. Risk will be roughly $1,250.00 per 1 ES $125.00 per 1 MES Remember risk comes first and foremost before potential profits My...
We have been in a bear market since the beginning of the year. I do not see any letting up. It is looking like 2008 all over again. Here I see a bear channel pattern almost setting up for a measured move back to 3400. A 500-point move. ONLY if I can see a strong close under the trend line.
The four hour chart just completed the reverse head and shoulders. I am looking for a counter trend sell back to the MA and then the support Long trade back to 4100.
Overnight session is more than likely going to continue the downward trajectory in price and maybe NY session will take out the highs as a retest. There is money still sitting up there
In consolidation up high at '25 level. Creeping trend down with support at the '25 level. NY session was a rip. Profitable trades in the money are sitting down at the 3800 level. Do we hit the high first at 3850 to clear the top then drop to 3800?
possible long idea off 3800 support. I am looking for a target of around 4000 before the next major sell off.
Looking for a bear channel to form. short the trap high. ES I am expecting price to fall to 2500 area and possibly lower. We are just barely getting into this crash. take advantage of the sell highs