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Sp500long

ES - S&P 500 - Wash & Rinse, now LongHere comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and closed the GAP on the upside. If we now close again above the Centerline, I bet that we will see the long awaited bounce. Let's see how this day will end. I only trade super small, because in these markets this is the only way to control risk and be involved if you don't have tens of millions. Stalking Hat On!
CME_MINI:ES1!Long
by Tr8dingN3rd
S&P500 - At The Centerline, Potential PullbackFirst, there are two very nice Sine-Waves. These are "complex" legs in the count from 0-5. Currently price is fighting at the Center-Line. It's the same price region where the market found its prior support. There are two possibilities when we reference the Medianline (Pitchfork) rules: 1. Price will hold at the Center Line and pull back in the opposite direction. The major target would be the U-MLH (Upper-Medianline-Parallel). 2. Price will shoot through the Center Line, pullback to it and continue its path (in this case to the downside). The major target is the L-MLH. Are there any other signs to give us a clue for a Long or Short Trade? Let's see: - the Stochastic is heavy oversold. - the Delta has good divergence. - price at prior support How to play it? Why not reduce the risk and go with Micro Lots, or some SPY BP Spreads, to maintain you good sleep §8-)
CME_MINI:ES1!Long
by Tr8dingN3rd
2
ES - S&P 500 potential up-moveLast days where pretty crazy again. So let's dig in to the daily TF and see what the chart reviles us. We had the move down to P 5/0. From where we expect a new 0-5 wave up. Since price trades lower than P1, we can say that this guy is confirmed. From P1 price moves down, and up again. This is just another wave count in a lower TF, because we would need to see price trading lower than the lowest point from P1 down to where I drew the grey support line. That was accomplished barely with the few points lower at (2). So far we can't confirm P2. We would anyway need a higher high above P1. That means, A low is only confirmed when the HIGH is broken, P1. According to the Mini-Medianline, price tells us that we have to wait for a clear break of the U-MLH, the Upper-Medianline-Parallel. Today could be the day, as price opened outside the U-MLH, and as I write this, price finds support at the U-MLH. Another indication for an up-move are all the Wicks to the left, marking a support zone. All this Coffee Ground reading leads me to see a potential up-move is coming from today and next week, and it could be big.
CME_MINI:ES1!Long
by Tr8dingN3rd
SP500 - Why I see a bounce longA LONG SCENARIO We see the RED numbers. They show the Pendulum Swings. Then we see the BLUE numbers, showing the minor Pivot Swings. For both I apply the 0 - 5 rule. This means, if 5 is reached, a turn is highly potential. The problem here is, that you don't know then the 5 is over. From the RED perspective, the market has not jet reached it's low. But from The BLUE swings, we can fairly expect a bounce, because we are at major support. I expect support from the A/R lines and the red Centerline where price currently fluctuates around. The green sliding-parallel is just a measure of overshoot in the angle of the A/R's. So, if price can fight it's way back above the red Centerline by a open and close, then this could be a good long signal. You may ask, why it didn't worked the last time? If you are familiar with the Medianline rules, then you know, that after a breakthrough, we can expect a bounce back to it. And that's exactly what happened. A bounce back to the Centerline. A SHORT SCENARIO Counter to the long idea stands the short idea, which could play out when we close below the red Centerline again. That would be very ugly and we had to expect price landing down at the red L-MLH or at least at the white Centerline (see the left weekly chart). However we play this, we have to play it with maximum controlled risk and follow our trade plan. Otherwise the market will rip off our face. Trade save
CME_MINI:ES1!Long
by Tr8dingN3rd
6
S&P E-Mini - YES! I really meant 3400I wrote many times about this. And I even posted this Video here on TV: Everybody expects a turn, a crash, or at least a bigger correction. Guess what...it's not ripe yet. Now, we never know when the REAL turn will come. IF it comes, then it will be a major turn. Not only in the Markets, but in the whole world for many reasons. (Read Armstrong Economics!). You better learn NOW how to play vertical markets. Because when the Whales turn direction, it will be far too late... Join our ForkTrading Group and learn to earn.
CME_MINI:ES1!Long
by Tr8dingN3rd
1
S&P500: AmbitiousS&P500 is quite ambitious these days and has made it not only into the middle white zone between 4458 and 4509 points but also into the blue zone between 4510 and 4550 points directly above it. As matters stand, there is a 38% chance that the index could rise above the resistance at 4585 from this position. However, we rather expect S&P500 to initiate a countermovement first, which should lead into the lower white zone between 4406 and 4297 points. From there, the ascent can start in earnest and should proceed above 4418.75 points, above 4585 points and into the upper white zone between 4592 and 4643 points. We should not yet forget, though, the possibility that S&P500 could still fall below 4239 and even below 4101 points, which would result in a detour through the magenta zone between 4086 and 3980 points
CME_MINI:ES1!Long
by MarketIntel
2
Is SP500 resuming its up trend?Since the beginning of the year, SP500 lost almost 20% of its value from top to bottom (close to entering bear market territory) However, the drop from the top looks corrective and 4100 can very well be the end of this correction. Technically, the drop under 4250-4270 support was quickly reversed and is a false break and, if SP500 manages to break back above 4400, we can have continuation to the upside. For this bullish scenario to be valid, 4250 must hold
OANDA:SPX500USDLong
by Mihai_Iacob
5