Hey Traders, this market clearly has no resistance for past several monhts, so won’t guess near the highs. Here are key support levels I see on the way down: Will post intraday technical and itnernals via twitter @esecfutures as well as key charts right here on the blog Vlad
Category: Daily
Daily market analysis
ES futures expected support levels
Here are expected support levels dip buyers are likely looking at: 1016 – previous 2 wek highs and break out area, 3 day retracement1006 – 50% retracement from 3 week low, also trendline from old wedge Will update on key levels in the morning shall new technical developments take place Cheers Vlad
Two Major SP 500 Trendlines Tagged Today
Hey Traders, two majors trendlines were tagged on monhtly and daily charts today: Left is monthly, right is daily. Now here is a zoom out view of the two, firstly 40yr old channel from previous weekly updates: and sp500 daily: Will keep watching key levels closely to start building bearish case, first ES support level…
Weekly Market Analysis
Hey Traders, After once-in-a-decade July lift off and continued momentum push through August, capped off by last week’s opex shakeout with a push to new highs, markets are now in the ignore zone, where good/bad news, earnings, currency events simply do not matter in the face of momentum and performance chasing funds. For a month…
Repeat
Hey Traders, we had an inside low volume “pause” day today, with opex max pain at 980, we might hang around in this area for a little longer, as far as key ES levels, they are the same as yesterday (yes im lazy and posting the same chart) Will be posting intraday key levels and…
ES support and resistance update
Hey Traders, no secret that today was the most bearish day in a long time. There is still plenty of work to do for the bears shall they try to turn this more than a good ol’ OPEX shakeout to max pain level of 980. Here are the s/r levels I will be watching: Support…
EURUSD Support and Resistance Update
Hey Traders, if you haven’t had a chance yet, check out previous Dollar Analysis post levels on which will obviously be crucial as to how Euro plays out. Here are major s/r levels on the daily chart, pretty self explanatory, with red line being 50ema which kept euro in check today: here is hourly chart…
Dollar Resistance Levels
Hey Traders, while some people are calling for reversal in the dollar, lets take a look at key levels: Last week there were only 3% Dollar bulls, so sentiment was certainly at a very rare extreme. Today dollar put in a slightly higher high, next level to watch will be 50ema (red line), which also…
Resorting to Megaphones
Dips continue to be bought relentlessly in this market. Sentiment remains at record highs. Only encouraging things for the bears (if there are such things 9pts off yearly highs after 50+% runup) is that late money is selling, as opposed to late day ramp ups. All that is rather irrelevant in this game of performance…
Yen Channel
Same old Yen channel still seems intact, with top of the channel laminated with 200ema hourly. Break above that channel and recent 1.06 highs would like be bearish for equities.