S&P E-MINI 500 (15min) SwingWe have a Sell signal
Probability: 65%
The market will keep going down
SL and TP on the Chart.
Emini
Bulls and Bears zone for 08-24-2020Overnight session market has rallied to another ATH which could bring sellers out and try to close the gap.
Test of ETH High could set direction for the day.
Level to watch 3424 --- 3422
S&P E-MINI 500 (15MIN)Good probability: we have a uptrend
The market will keep going up
% probability: 65%
Stop Loss: Red line
Take profit 1: The Orange Line
If the Candle cut with Force the First line ( Orange one) Then You can buy again
Take profit 2: The Yellow Line
Bulls and Bears zone for 08-21-2020After any rally market gets sold off which could be a sign of distribution and what to come in very near future.
Would like to see a test of ETH Low, which could set the direction for the day.
Level to watch 3370 --- 3372
Report to be aware:
US:Existing Home Sales
10:00 AM ET
E-mini Good Example of Negative DivergenceThe negative divergence on the MACD told us not to take the breakout on the E-mini.
Bulls and Bears zone for 08-20-2020Yesterday market hit another ATH and sold off which continued during overnight session.
Test of yesterday's Close could provide some idea about direction for the day.
Level to watch 3365 --- 3363
Reports to be aware :
US:Leading Indicators
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
Emini setting up for a stop hunt on 4HThe 4H chart for CME_MINI:ES1! has been making equal high tops since 10th August 2020. This means there should be a bunch of stops above the highs.
This also being the all time high, there's a very high probability of a stop hunt and then a push lower into demand zones below.
Direction bias :
1) Stop hunt in direction LONG
2) Followed by reversal SHORT
Bulls and Bears zone for 08-19-2020After hitting ATH yesterday, Sellers were very aggressive but market rallied to its morning High and closed near HOD.
A test of yesterday's High should provide direction for the day.
Level to watch 3390 --- 3392
Reports to be aware:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Minutes
2:00 PM ET
Bulls and Bears zone for 08-18-2020We had a very narrow range of trading during yesterday's RTH session, but overnight session expanded that range.
Therefore, one could expect the market to breakout one way or the other.
Level to watch 3374 --- 3376
Bulls and Bears zone for 08-17-2020Market has been trading within a range during overnight session.
Any test of Friday's Highs could set direction for the day.
Level to watch 3375 --- 3373
Spx potential double top.we're favoring a return to highs as of now.
this gets confirmed within a couple more daily closes above 2810.
invalidates completely below 2720.
a double top would bring us a target of SPX 1000. 3400-2200= 1200 --- 2200 - 1200 = 1000
we have many reasons to assume such a target is not only possible but likely.
if we get a higher or a lower high then no target can directly be inferred...
we do not completely exclude a continued bull market, but that's not our preferred view at this moment... and after 10 years of rising prices.
Please note: if you're a swing trader or investor you may prefer to wait for Macd cross on daily for confirmation.
Bulls and Bears zone for 08-14-2020Yesterday market rallied and sold off then found resistance at Fibonacci 50% level, overnight session pattern seems to be about the same.
Would like to see a test of yesterday's RTH session Low again today.
Level to watch 3355 --- 3357
Reports to be aware:
US:Business Inventories
10:00 AM ET
US:Consumer Sentiment
10:00 AM ET
E-mini looking for reversalHad a good run on e-mini. Looking for reversal now. The negative MACD is indicating weakness
Bulls and Bears zone for 08-13-2020Market has been trading in a range during overnight session.
A test of ETH High should set direction for the day.
Level to watch 3364 --- 3362
Report to be aware:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 08-12-2020Yesterday afternoon market sold off aggressively and found support at LOD of two day's prior and Closed at day before LOD.
Therefore, sellers are probably being aggressive.
Any test of Fibonacci 50% level from yesterday's RTH session should give indication for the day.
Level to watch 3325 --- 3327
Report to be aware:
US:EIA Petroleum Status Report
10:30 AM ET
