Possible 5%-6% Up Move coming to the S&P500When looking at the daily bollinger bands width (bbw) there have only been four other times where the bb were as tight as they are now. Years 1964 & 1965 and year 1995 before the huge breakout into the year 2000 high In all of the previous times the S&P500 was in a small pullback then rallied 5%-6% which I believe it could do again. I believe buying the dip is where I should be looking to trade or buy the breakout of recent highs.
Other things I am looking at, price is in a daily squeeze where momentum is at the waterline, could go either way On a monthly time frame price is in a monthly squeeze with momentum above the waterline Plus looking at the coppock curve which was made for the monthly time frame is giving its 3rd month in a row buy signal You can use the coppock curve on the daily time frame, however, you have to change the settings for it to give an accurate signal wma 210, long roc 294, short roc 231, Looking at the monthly Schaff trend Cycle it to is turning up where looking left it is giving a buy signal of potential upside price action However the daily Schaff Trend Cycle is locked in oversold, until it gives a buy signal on the daily, price could continue to grind sideways or pullback lower Sentiment is dropping which is good for the upside. To many bears means more stops could get run over in a short squeeze Random bs
Next week is contract rollover for the es mini where the december contract will become the main contract. So come next thursday if price trades down to 2139 to 2148 on the es dec contract I believe people who missed the brexit summer rally will buy the dip. If the es dec contract pulled back to 2079.50 I believe it would present an even better buy the dip opportunity with upside targets of 2233.75 and 2313.75
I could be 100% wrong and can change my mind in a second if market conditions change.
MINI
EWY0 - E-MINI S&P MIDCAP GOING TO BREAK THE ALL TIMES HIGH?E-MINI S&P MIDCAP is above the all time high but with a big bearish divergence on daily. Meanwhile there is a hidden bullish divergence on monthly. So i'm expecting a correction before a possible strong wave up. If the price breaks the rising trendline it invalidates this setup.
INDICE PARA AMANHA , TOMORROW brasil > com o dolar despencando , o indice vai da um grande pulo ! boas compras
Usa > with the dollar falling, the index goes from a big leap! good long
MINI DOLAR , E DOLAR FULL BRAsil > -com a forte queda do dolar , no dia de hoje ele andou dentro de um tunel , amanha certamente ele entrara em uma forte queda . o REAL esta muito valorizado sobre o dolar . esperamos que o indice suba pelo menos 300 PONTOS
USA > -with the sharp decline of the dollar, the day he walked inside a tunnel, tomorrow he certainly entered into a sharp decline. REAL this highly valued on the dollar. we expect the index to rise at least 300 POINTS
ES - S&P 500 E-Mini: Admit when you're wrongSo as you guys & gals know, i was ultra short biased on the S&P.
But there are times when i have to admit that my thinking was not how the reality evolve.
i'm sitting here and watching this chart, and i see that there is strong support.
The two scenarios on the chart give you the idea from the perspective of the A/R framework.
I'm patient, waiting for something obvious to happen.
P!
A/R Course: mytradingcoach.teachable.com
ES E-Mini - Ups...it did it again...The legacy of Newton, Babson and Andrews - Action/Reaction .
>>> Price is going back to center over 80% of time. <<<
And here we have it again, and again, and again....
Many Traders looking for the quick & easy money.
Trading with Action/Reaction and the Forks can be easy too.
But first one has to learn how to apply these tools to the markets.
That's why i share my passion and my knowledge with you. Realize that
every Diva want's to be persuade. And so does the universal law of Action/Reaction.
Give it a try, and don't give up. And soon you can embrace a new world in Technical analysis.
Here's your start: mytradingcoach.teachable.com
Be happy, stay healthy, be kind.
P!
...i am prepeairing something BIG for you all, who are interested in A/R.
S&P500 - MONTHLY FORECASTHello Traders!
The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us!
Sincerely yours, Powerful Traders.
EURUSD - 60 min chart (updated)Euro hit 50% level, where it bounced from.
Short will come if/when we see that level is broken. Then, and only then - sell short to .618
Video with explanations: www.youtube.com
SPX500 - 60 min chart (updated) - Video Support has broken - Bearish.
Targets by arrows.
Watch video for details:
www.youtube.com
SPX500 / ES1! - Short structure not yet invalidatedOnly 4 more of these daily candles remain until FOMC. See the links below for reference to my original idea posts on this, calling what could certainly be the top of the market.
The recent rally has yet to invalidate the most basic short implying structure (lower highs). I plan on holding *nothing* going into FOMC, so I leave this idea post as 'neutral'. Yet, I would be very surprised to see the S&P make new highs next week or even following that.
However, if it does, I already have some resistance targets mapped out from months ago. For weekly support targets, see the linked post.
Oh so close but yet so farAfter two attempts at getting target #2 we failed! Bummer. That's trading and as we've heard many time, "don't be a dick for a tick", we aren't. Price came within 5 points of our target and back away. We believe price is not done testing the down side so we will hold to our plan. These small bounces are on low volume. On the next visit to the recent lows we expect them to blow through the area and shake out the weak longs. Our stop is still the same.
Rejection squeeze...with love, Aunt JanetThe bulls were squeezed hard on FOMC (and the day after). After many years of trading this is why we stay away from longer term trades until the dust settles. There will be more than enough opportunity to trade. Most of the indexes are at support or have broken their patterns. We expect a small bounce in the $NQ on Monday followed by more selling. An inside day would be a gift but that typically doesn't happen. So we watch the zone for a trigger. NO TRIGGER, NO TRADE!
How about a breakThe $ES is looking weak. The bounces have been feeble and with low volume. What started as a wedge has evolved into a flag and this points to lower prices. We WILL NOT take the break of the flag. We will wait for the break and look for pullbacks on a smaller time frame (60 min) to trigger us short. NO TRIGGER, NO TRADE!
Major Indices Could Make A Temporary TopWe see some major indices in final stages of an extended third wave, that could cause a temporary high on stocks, as we expect a deeper retracement in to a corrective wave four. On some of them we also see a wedge pattern in current late stage of an uptrend. It is called an ending diagonal, that usually causes a sharp reversal that may happen sometime this year.
www.ew-forecast.com
Why I Love Trading Panic DaysClick here for the full video and report: dunn.ly
Today I caught a beautiful short on the
e-mini S&P 500. While most investors
were panicking, my trading students and I
were cleaning up shorting the e-mini futures
in our trading room.
The idea was shorting the secondary move
after the 20 point gap down before regular
market open. You can't see it on the daily
chart, but we had a low risk/high reward
setup around $1944 for about 7 points.
