Bulls and Bears zone for 11-02-2022In anticipation of FOMC meeting today, market has been trading sideways since yesterday morning's sell off.
Any test of yesterday's Low could provide direction for the day.
Level to watch 3845 --- 3843
Reports to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Emini
DowJones Targeting A 34000 TestTechnical & Trade View
Dow Jones (emini futures continuous contract)
Bias: Intraday Bullish Above Bearish below 32200
Technicals
Intraday 32200 is primary support
Primary pattern objective is 34000
Acceptance above 33050 next pattern confirmation
Failure below 32200 opens a test of 31900
20 Day VWAP bullish , 5 Day VWAP bullish
Notes
33240 symmetry swing resistance long positions should be risk free if tested
Headline risk FOMC decision
Prefer to play bullish reversal patterns at support on H4/H1 timeframes
S&P 500 E-mini Futures, Short StrategyHere's a possible short strategy based on S&P 500 E-mini Futures daily chart.
Based on previous price movements I would enter a short position. Await first for confirmation, then enter a position. Keep your stop loss somewhere above the upper channel.
Target 1 - $3690
Target 2 - $3590
Target 3 - $3500
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
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Bulls and Bears zone for 10-27-2022S&P has rallied couple of hundred points in last few days ; therefore, yesterday's sell off could be indicative of a pullback.
Any test of yesterday's Low could provide direction for the day.
Level to watch 3853 --- 3851
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
SP500’s GoodNews! probably forming expanding triangle.18/Oct/22.Not just ES1 having “Good News!!!”. We probably having an “expanding triangle” here. Where triangle pattern only “appeared” on either wave b or @ “last pullback” of trend which is wave 4 ( yellow here). So..so..probably the “small crashes” since yearly 2022 might be end soon..( probably - 23.08% first).
talk about non-fungible a es1! call contract is the be allwhy do we pay so much to securitize capital? anyway were coming to a head with front month spx futures. the s&p is reacing the bottom end of envelope, and revisiting trama or sss ma seems likely. i bet if we breech pivot we see upper horizontals, and if that lwvel resistswe see lower. if vix is raging monday im still not interested in calls until we see bullish divergence. if we reverse from extremes im only interested in calls off the bottom level or bull breeches of pivot. interesting puts are around upper level. daily is bear until we see the pattern of lower highs break.
Bulls and Bears zone for 09-28-2022Overnight session, market has been trading in a range, perhaps sellers are aggressive.
Any test of yesterday's Fibonacci 50% range could provide direction for the day.
Level to watch 3684 ---- 3682
Reports to watch :
US:Pending Home Sales Index
10:00 AM ET
US:Jerome Powell Speaks
10:15 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
SP500 possible forming triangle. 26/Sept/22.ES1! Aka SPX emini possible forming a triangle as we already have an expanding flat pattern abc ( cyan) on wave (ii)(Red). So..as Elliott wave alt. Rule. We can’t have another “same” expanding flat which is ABC ( yellow circled) pattern on wave (iv)..So..this “expanding flat” could be wave a ( Cyan) part of a triangle pattern in wave (iv) ( Red)..
Bulls and Bears zone for 09-21-2022Yesterday's late afternoon rally seems to be getting weak during ETH session .
Any test of yesterday's High could provide direction for the day.
Level to watch 3892 --- 3890
Reports to watch:
US:Existing Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Bulls and Bears zone for 08-31-2022Market is trying to rally during ETH session to break trend of last three down days.
Ant test of ETH session High could provide direction for the day.
Level to watch 4020 --- 4022
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:EIA Petroleum Status Report
10:30 AM ET