Hey Traders, this market refuses to pullback for more than few hours with bullish sentiment and various market internals continue to set record highs, all that is rather irrelevand since only price pays and we (traders) have to make the most of intraday opportunities since only price pays. Firstly, lets take a look at weekly…
Category: ES – SP500 Emini
SP500 futures – ES mini analysis
No Technical Damage Done
Hey Traders, no technical developments today, choppy boring day, support levels remain the same as yesterday, see previous post. As far as intraday levels and internals will be posting them in the chat as well as twitter @esecfutures Cheers Vlad
ES Support Levels
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
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…
Twitter / Vlad: New Rally Targets
$SPX zoom out time ~1050 – backtest of 40 yr old channel, 1120 – 50% retracement of whole bear market $$ (while sentiment and BS remain at record levels, technically, after new highs there aren’t many reasons as to why SP500 wouldnt reach those levels)
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…
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