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Esfutures

ES bounced off the bear trendline we broke out on the 27th JulPerfect bounce off the support trendline Wont rule out it holds, but ideally we dip down a bit lower, next support is at 3668ES - I reduced my short position last night expecting 3765-70 hit, we got that! - Was able to reshort but smaller size at that level, happy with the result. - Next is to hold today and go up into next week! (it might still make a red close, but Im looking up for the next week) Mind your sizing on the long side! Have a great Friday! Dont forget to press that rocket sign below the post.
CME_MINI:ES1!
by RealTima
5
ES looking for a good size rally as longES looking for a good size rally as long 3600-11 holds We got expected gap up, now needs above the triangle. There could be another move lower into 3611-18 zone (ideally it was it after the open), should push to 3700+ from here into tomorrow. So far it hit 61.8 retracement from Sep 30th high, gotta be careful with sizing. Its not out of the woods yet, it will still print lower levels, but the price needs some reset now Have a great day everyone!
CME_MINI:ES1!
by RealTima
7
ES progress chartI slept in today and this is what I was worried about from my last night NQ update, the EOM sell: There is a chance we see 3580 level today and if it closes below 3600 I think we gap down and see another 100 points cut tomorrow am! Be really careful with sizing on the long side till tomorrow's lows. I will be all out from my swing MNQ short tomorrow and will be looking for a long if we see 3500 or below tomorrow. Since its usually doesnt bottom on Fridays, next week bounce should be muted imo but a drift upwards to the 6-7th high would make a perfect sense. Also watch out OCT EOM can be a good repeat of what we see now
CME_MINI:ES1!
by RealTima
4
ES stopped at its first good support trendline, SPX broke itCheck the orange line and see a link for the SPX chart below. ES stopped at the support trendline (we broke out from on Jul 27th and now re-tested from the top) Expect this to be a good support for at least this week. SPX already broke it but stopped at smaller trendline from Sep 1 and 6th lows. Apparently I can post 10 charts per day on this website and not more, so I will try to include links to my charts in my updates. But this is very annoying, especially on days like today, I need an interactive trading platform so we all can share our charts and chat during the day. I will do a separate SPX update with levels for tomorrow in an hour or so But want to mention one thing: - Usually the price reverses fully into Fri after the FOMC day. Tomorrow is a directional change till Fri, expect a good size bounce and then lower into the 27th low. After that low we should rally into early Oct high and make a final low Oct 28-31st (I will mention my main target in the SPX update)
CME_MINI:ES1!
by RealTima
9
ES must hold todays lows or at least 3900 levelYou can see how close it is for a breakdown, this in idea should bounce into Monday and then continue lower. But tomorrow is quarterly OPEX and most of the hedges are going offline, so much wider swings should unleash. This has air all the way till 3800 on the ES, so be careful if long, get ready to flip if it starts going Main resistance and supports were outlined in my latest SPX update P.S. Dont forget to like (click star-ship button) my posts, so it gets pushed up on TV for others to see as well. Thanks in advance!
CME_MINI:ES1!
by RealTima
11
ES to follow through the Fri moveI really want to see a low made pre-market and reverse into the open, that would be very bullish! 4160-75 is the main resistance one and one more to follow at 4200, that should cap any move up. Going to buy longs tonight and exit ES short around 4k, if we get there. I will be shorting that move up from 4160-70 and then 4200 for a move down to 3920-50. Im thinking there is a good chance of this up move to be extened into the Sep OPEX after the upcoming low. Can get above 4300 again or make a lower low, all depends on how low we go on this move down. Support is at 3990-4005ES for tonight.
CME_MINI:ES1!
by RealTima
10
ES AHs updatePerfect 4200 hit, I had few running from 4148, some was exited at 4172 and 80, one at 4196.5. Have only 2 left, will exit at BE or if we extend to 4210-20. Im short NQ after the close. Nothing broken, Im looking at it as another bear rally. EOM will be quite surprising. Its def frustrating for many who short every top, have stops!!! Always hedge! If resistance broken, flip to the long side, its that simple. My internet problems cost me 3k in un-managed stops, was able to cover half before the close, but still not fun Tomorrow is a weekly closing, as well as PCE numbers, last 2 times we sold off hard on those, will the history repeat? Im betting on down, bought some Aug 31 puts as lotto trade as well as I have NQ shorts running. Its a directional change tomorrow, only 2 scenario, it will just continue the same pathway and we go up to close the gap or just open down and make a reversal. Make your bets, I made mine. Its a game we all play, never 100% but must win more then loose. Again, always have stops! Will do SPX later tonight, when I see updated numbers and cycles.
CME_MINI:ES1!Short
by RealTima
39