moneyflow_trader

moneyflow_trader Updated 

sp500 currently overbought, temporary short term resistances w/ a retest of under 4400, 4300 is more ideal to go long again. We prev. broke out from c wave on the 4hr time frame from a bullish butterfly pattern. Lets see if C leg, where it sold off from holds. Disclosure i'm short

moneyflow_trader Updated 

bull flag forming and looking to take out yesterdays high

moneyflow_trader Updated 

there's at least 3 bull flags alone on just the 30min chart. target remains $4500, then possible correction

moneyflow_trader Updated 

Potential bounce from D leg, could carry over to a bigger bounce to the Bigger B leg at 4300. Sp500 will look to regain levels before Fridays sell off. I expect side way action and a slow and steady rise into Wed Meeting. Any rate hike less than .50 the market sells off to 3800 level. We also could get more bad news from the emerging markets in which im short....

moneyflow_trader Updated 

SPX, is stuck in a downward trend Channel. Price action sold off from The Bearish Bat Pattern, and price temporarily rebounded but was quickly met w/ sell action on the ABCD pattern.. We're currently at the C leg sell off

moneyflow_trader

Price Action Broke through C leg of the ABCD pattern. Currently short and looking for a retest of D leg, which will set up a triple bottom

moneyflow_trader Updated 

15min charts shows a bear flag. I see strong resistances to the A leg, which needs to be taken out. 1st target is 4150

moneyflow_trader Updated 

I see 3 failed attempts at the 4275-4300 level, next target I have is 4214

moneyflow_trader Updated 

notice the fat finger and the stealth head and shoulders . I expect a huge sell off before forex open tonight

moneyflow_trader Updated 

I'm looking for gold to retest the C leg of the Bearish ABCD pattern. You can measure this move yourself from D leg to C Similar to how the SP500 retest, but failed to breakout of the bearish channel . In addition, this whole move from D leg to C is a retest of the 4 hour head and shoulders pattern. There will be a strong attempt to invalidate this zone by gold...

moneyflow_trader

this is the 3rd fib retracement level range bounce, setting up a bull flag and retest of the all time high

moneyflow_trader Updated 

looking on the 1hr and doing an elliott wave count, I see one more possible retest to 2040 from the bull flag c wave up both bull and bear. I would look to reshort from this point

moneyflow_trader Updated 

need to clear the 1st cup and handle pattern, then see another retest that will lead to another cup and handle breakout

moneyflow_trader Updated 

the harmonic bat pattern played out, and we did get a retrace to the .618 fib level. I see support around the .50 level, from the D leg down. I'm monitoring this level for a potential breakout out of the handle and retake 4300-4400 by eow week.. Disclosure i'm long spxl and bearish on gold

moneyflow_trader Updated 

short term bullish to a retest of the b leg of the bullish butterfly pattern

moneyflow_trader Updated 

looking for a breakout of the handle and retest of the supply zone. short term target 106

moneyflow_trader Updated 

The weekly price action of the S&P 500 is also showing a bullish butterfly pattern. however, for this price action to continue, the lower time frame also must establish the same pattern. In addition, naturally a rejection from B leg, forms a base, and potentially leading us into a high probably cup and handle breakout. I like to trade the money flow, as it first...

moneyflow_trader Updated 

after todays decline, spx appears to be ripe for a major pull back short term, however long term I have a bearish sentiment on the market as the spx 500 is forming a rounding top.