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…
Category: ES – SP500 Emini
SP500 futures – ES mini analysis
Market Sentiment Update
Hey Traders, Here is a quick update of bullish sentiment and NYSE stocks above 200ma. Both of those indicators are at the very least at 3 years highs: While I will continue to focus on technical levels described in previous updates, I would rather miss the next move up, whatever it might be than chase…
SP500 Yawn Index Analysis
Hey Traders, very low volume day today, lowest volume day since Jan 02, 09. Also traded in very tight range, here is % of ATR Summary for major indices:ESU09 56.9YMU09 62.7TFU09 67.3NQU09 77.8 Absolutely no new technical developments on this inside day. Bigger time frame levels remain the same, refer to yesterday’s weekend update with…
Weekend Market Analysis Aug 2nd Week
Hey Traders, SP500 has now rallied over 50% finding itself in a very interesting place, with bullish sentiment at all time record bullishness: and also right at 38% retracement of the whole bear market which also happened to be the backtest of two previous channels, which have stopped this rally at least on Friday: Sentiment,…
All Up To the Job Numbers Tomorrow
Hey Traders, Not many new developments in the markets today, regardless of higher high and lower low being made. The resistance level still remains the big 1014 – 38% retracement of the bear market, along with backtests of two previous trendlines: With intermediate term resistance level being retracement zone from the highs – ES 998.75,…
986.5 is next key support level for ES eminis
$ES_F 986.5 big level, s/r level, weekly retracement and 200ema hrly which hasnt been tagged in almost a month
ES Support Levels and Sentiment
Hey Traders, I got all the rants out of my system in Victory for the Bears? post at the close, now a short sweet and to the point TA post. Bullish sentiment set a new high today, levels that have not been seen in at least 3 years, if ever (stockcharts doesn’t go far enough…
Victory for the Bears?
Victory for the bears certainly has a pinch of sarcasm to it, but bears which have been completely wiped out and taken to the woodshed will now have to cling onto something via the “less bad” method, as bulls did since March. Bears managed to hold ES down a whopping 4.00!!! In the face of…
Twitter / Vlad: ES at key support area
$ES_F / $SPX at key support level, below could see a trip to 985s $ES_F
Extreme Sentiment and Key Levels
Hey Traders, Today bullish sentiment has reached the level last seen in Feb 2007: Every intermediate term high was made since the bear market began was made on much less bullish sentiment. While we have received a crash course in not fighting momentum of panic buying public and fund managers and that well remain the…