E-mini overhangE-mini D/4 is showing what I call an over hang on the 4hr. Have to see how it develops.
Emini
Bulls and Bears zone for 07-30-2020After closing at High yesterday, market has sold off and given back all of its gain during overnight session.
For sellers to continue selling, they will have to defend Fibonacci 50% and 61.8% levels. if it gets to that point.
Level to watch 3233 --- 3231
Report to be aware:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 07-29-2020At the time of writing market is trying to put a rally together, but having difficulty getting over Fibonacci 61.8% level of yesterday's RTH session.
However, based on yesterday's late sell off, sellers are probably active.
Any test of ETH Highs should provide direction.
Level to watch 3223 --- 3221
Reports to be aware:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Meeting Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Bulls and Bears zone for 07-28-2020Market tried to rally during overnight session, however it sold off to test Fibonacci 38.2% level of yesterday's RTH session.
Any test of yesterday's RTH session High should provide direction for the day.
Level to watch 3215 --- 3213
Report to be aware:
US:Consumer Confidence
10:00 AM ET
Bulls and Bears zone for 07-27-2020Market has been trading in a range during overnight session, after rallying to Fibonacci 1.272 level of Friday's RTH session.
A test of ETH Highs could set direction for the day.
Level to watch 3211 --- 3209
Bulls and Bears zone for 07-24-2020After yesterday's sell off market could not put together a rally, sellers were in control.
Overnight session, market tried to rally but got rejected at Fibonacci 38.2% level.
Any test of yesterday's Close should provide direction for the day.
Level to watch 3225 --- 3223
Report to be aware:
US:New Home Sales
10:00 AM ET
E-mini LongThis an example in our experiment of low probability long on e-mini. Lets see how it goes
We picked up a trade on e-miniDidn't get the confirmation on oil but picked up long on e-mini trade confirmation.
Bulls and Bears zone for 07-22-2020It seems that yesterday's RTH session High has some strong resistance since it was rejected few times so far.
Any test of yesterday's HOD could set direction for the day.
Level to watch 3247 --- 3245
Reports to be aware:
US:Existing Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
Trade with momentumWhen starting you only want to focus on trading with momentum. So in this case with e-mini we are looking for a long entry setup. Price has a bit of work to do yet in this current retracement. Lets see how it goes.
Bulls and Bears zone for 07-21-2020Overnight session market has rallied to Fibonacci 1.618 extension of yesterday's RTH session, there could be resistance at this level.
Test of ETH Highs should provide some direction for the day.
Level to watch 3255 --- 3253
Bulls and Bears zone for 07-20-2020Initially during overnight session, market sold off and currently it is trying to rally.
Need to see a test of Fibonacci 50% level from Friday's RTH session for direction.
Level to watch 3212 --- 3210
Swing Failure ESMarket open saw a violent turn to the downside which broke prior a two touch support and then quickly retraced giving us a swing failure to trade. Just watching how this one goes.
E-Mini S&P 500 Trade Idea. Tried to break out of this accumulation/range 4-5 times and sold off. Short targets below this level. Targets 3142 and 3107. If it breaks out of yellow zone wont look to short it.
Bulls and Bears zone for 07-17-2020Market has been trading sideways during overnight session, except this morning.
Would need to see a test of ETH Highs for direction.
Level to watch 3205 --- 3203
Report to watch:
US:Consumer Sentiment
10:00 AM ET
