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Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Sell-off.Day#11-#13
WED-FRI 10/24-10/26/2018
More than 10% 300 points loss from 2947 SEP's high
Here are updated 240M charts... for ITP-Inflection Turning Point
1. WED October 17th FOMC Minutes that failed break-out with haft way back S2804 T2646.75
2. WED October 24th Full-Moon & Beige Book that hit 2652 as Low-of-Day (5 points away from target)
3. Potential "short-squeeze" with 2 bearish Cypher patterns that could retest 2877 break-down point.
P.S.
Just another "dead-cat-bounce" with Bears attacked on THU 3pmET 2724 to retest the low and to new low 2646 that hit target on Friday 5:33amET.
Ready for mid-term U.S. election Tuesday, November 6th?
Enjoy!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
MON 10/29/2018
Sell-off.Day#14
EOM.End-of-month Window Breaking/Dressing? or just another Oversold Bounce?
Here is weekly updated 240M chart...
Last week, Pink Cypher pattern failled but Gray bearish Cypher pattern is still valid if holding above 2613; however, Bullish Crab pattern hit target Friday retesting May's low @2626-2600 zone.
ES has to regain control of 2711 or else it would become Deep Crab pattern to retest February's low as Double Bottom, and possible going lower.
Expecting "wild swing" for Friday's monthly non-farm report plus the election is still another week away...
Enjoy!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Bottom red pane is bearish momentum , next green pane is bullish momentum and the top red col pane is regime filter , it is inverse to price so red up = price down . All are custom written parts of my models and not available publically
interesting, no worries i was not looking to have access. was just wondering as it didn't really have any title, so didn't know what exactly i was looking at.
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Another retested of May's low 2600 resulted as a shake-out, exhausted sellers at end-of-day...
Potential "short-squeeze" with bearish Cypher on 60M chart that could become Inverted Head & Shoulder in the making.
Enjoy!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
WED 10.31.2018
First time in a long time... nothing to do in pre-market; homework is done, all charts are updated. Swing plus intraday trades are in progress.
At the end, not quite hitting T2770 yet, and Gap is still unfilled; so I decided to keep Swing but also took Intraday Short @2736 when retesting 50% level of bearish Cypher pattern...just in case Bears attack again at 3pmET.
It has to hold up 2700-2712 for higher targets by Friday's monthly report, and before Tuesday's election.
Happy Halloween!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
"D" is for point D of Cypher pattern T2774 on 60M chart.
Another hour until monthly NFP.non-FarmPayroll report for potential "Wild Swing"...
Depending on price action before report, trailing stop below ptB@2724? or taking profit now?
Likely taking profit because it's haft-way-back @2775 from being Bears attack again.
TGIF!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
"Know the rule well so that you can break it effectively!".
Here is updated 240M Chart...
MON 10.29.2018 @3:45pmET
It's "BullTrap.ShakeOut.Hit&Run" type of day; however the Cypher pattern is still valid just because the candle that broke 141% 2613 closed above it.
Therefore, will keep this "chasing Hit&Run" Swing L2638 until mid-term election next Tuesday.
Welcome to November!
At least consider the October's Low as ITP-InflectionTurningPoint for now.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS