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Snp500usd

SP500 WeeklyLooking at the SP500 Weekly chart, we have so far retraced about 11% from the top, and it doesn't seem to be the bottom. The market appears to be going for another test of the 4200-4250 area. If the support breaks, we could reach the 4000-3900 zone. If we try to simulate Covid not happening, consider that the market has seen a higher growth before Covid, take into account all other factors (FED, inflation, current tensions) and try to simulate longer-term behavior, it also brings us towards the 3900-4000 area. The area of 3900-4000 seems to be where Weekly EMA200 would be touched, which SP500 likes to test. On top of that, the correction of SP500 would be close to 20%, which doesn't sound unreasonable. If SP500 weekly support at 4200-4250 breaks, it could take up until late May for the market to find the bottom and reverse the trend. Better safe than sorry.
OANDA:SPX500USD
by alphascala
ES1! SPX500USD 2022 FEB 21 Week ES1! SPX500USD 2022 FEB 21 Week Short preference last week worked well. Scenarios: 1) If 4212 - 4267 is support = long 2) If price retraces on lower volume will look for short opportunity. 3) If market breaks 4212, wait for test and reject to short, or if 4212 is supported, then it will be a long opportunity. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set up. Daily: Average volume down bar closing off high = demand present. H4: Very high volume up bar closing toward low = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4411 4318 4267 4212 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 FEB 14 Week ES1! SPX500USD 2022 FEB 14 Week Last week's ES tested recent high and weakness at top presented a good short opportunity late week. Shall wait for price reaction at 4411. I am more inclined to look for short opportunity should price goes up on low volume. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set up. Daily: Average volume down bar closing off low, some demand is present. H4: UHV higher volume down bar closing off low = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4587 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 FEB 07 Week ES1! SPX500USD 2022 FEB 07 Week Last week's ES saw price rejection at previous breakdown level 4573 and test of breakout 4411-4446. Shall 4411-4446 support hold, shall look for long opportunity. If market returns into rotation, strategy will then be to short at upper boundary resistance and long at lower boundary support. Indecision on Daily/Weekly bar may cause whipsaw movement, trade with care. Weekly: Average volume up bar closing in middle = indecisiveness Daily: Average volume bar closing in middle. It has a lower low than previous bar, and closed higher and in the middle = some strength, but indecisive still. H4: High volume Upthrust bar, weakness will be confirmed if next bar closes lower. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 24 Week ES1! SPX500USD 2022 Jan 24 Week Last week rejection at 4573 offered great short opportunity. Preference to short on retracement / when price returns to test shakeout area - possible scenarios provided Weekly: Ultra wide spread high volume down bar = strength may be returning Daily: High volume up down bar closing near low = weakness H4: Very high volume down bar closing at low = concern of buying into the down move Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4332 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 17 Week ES1! SPX500USD 2022 Jan 17 Week Scenario1 4662 short, scenario3 4743 short, Scenario 4 bounce from trend channel provided plenteous opportunities last week. Will adopt a rotational play - execute trades only at boundary 4808 / 4740 / 4629 / 4573. Concern: - The uptrend channel has encountered structure failure => price did not reach the supply line of channel = weakness - Increase in bearish volume on the downward move = weakness Weekly: Average volume down bar closing off low = no supply/strength Daily: High volume up bar closing off high = supply present. H4: UHV down bar closing off low followed by up bar = strength. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 10 Week ES1! SPX500USD 2022 Jan 10 Week Rejection at 4743 short worked well last week. Short on retracement preferred Weekly: Average volume down bar closing near low = weakness Daily: Average volume down bar closing off low. Some demand is present. H4: Very high volume down bar followed by lower close bar = weakness Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4743 4716 4662 4520 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
1
ES1! SPX500USD 2022 Jan 03 WeekES1! SPX500USD 2022 Jan 03 Week If 4743 is support, breakout of previous rotation is confirmed. Intraday long preferred. If rejection at 4743 market may test lower levels, intraday short preferred. Weekly: Low volume up bar closing in middle = undecisive Daily: Upthrust followed by down bar = weakness. H4: Very high volume down bar, but no lower low forrmed, 4743 is now temporary support. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4743 4712 4650 4606 4565 4492 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Dec 06 Week ES1! SPX500USD 2021 Dec 06 Week Down channel trade was good. Market recovered on Friday to close up on high volume off its high (H4). Some support has returned. 4492 looked like a strong support at the moment. If there is indeed acceptance, we may have a temporary long opportunity. However do note market is still within down channel, so take profit on your longs whenever possible Weekly: Very high volume closing off low = strength Daily: 4492 looks like a strong support. High volume down bar closing off low = strength H4: High volume up bar closing of high, supply still present. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4740 4717 4651 4606 4564 4492 4411 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Nov 22 Week ES1! SPX500USD 2021 Nov 22 Week 4674 / 4711 provided good trade opportunities. The bull/bear tug of war at 4700 region will resolve by 1) price returns to channel and continue upward (whipsawing still expected) 2) Exit of channel, market rotate / mushroom over Weekly: Shortening of thrust and narrowing of spread. Price closed about level with the 2 bars before it, volume is low. No demand for higher prices at the moment. = Weakness may be expected Daily: Upthrust bar closing off low on background of minor strength. If next bar closes higher. strength will continue, wait for pullback to long. If next bar closes lower will confirm weakness, wait for test of resistance to short. H4: Indecisive Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4668 4648 4613 4590 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Nov 15 Week ES1! SPX500USD 2021 Nov 15 Week Short from 4674 was good, followed by spring from the demand line of the uptrend channel. Market rebound from demand line of channel back into the possibility to test 4712. Weekly: Average volume down bar closing off high = weakness. Wait and see if weakness will flow over to lower time frame. Daily: Average volume up bar closing off high = possible weakness. Wait for next bar to confirm. H4: Climatic up bar followed by high volume up bar closing off high = Some weakness expected. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4711 4674 4657 4613 4590 4551 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week. ES1!
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Nov 08 WeekES1! ES1! SPX500USD 2021 Nov 08 Week 4590 was supported and long was fruitful. A reversal patten has formed on H4. If 4674 becomes resistance, we may see test of the lower levels. Weekly: Average volume up bar closing off high = weakness Daily: High volume up bar closing off high = weakness. H4: Climatic down bar closing off low = strength. 4674 if broken, lower levels may be tested. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4764 4733 4711 4674 4657 4613 4590 4551 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Nov 01 WeekES1! ES1! SPX500USD 2021 Nov 01 Week Short from test and reject 4590 and Long on test and accept of 4552 was good. Wait and see if H4's ultra high volume is bullish absorption. Price may return to test the 2nd last bar, and if support is found, it is a long opportunity. Weekly: Higher volume narrower spread up bar = weakness Daily: High volume up bar closing off high = weakness. H4: Shortening of Thrust. Ultra High Volume and narrower spread = TBC if this is weakness / bullish absorption Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4708 4612 4590 4552 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Oct 25 WeekES1! ES1! SPX500USD 2021 Oct 25 Week Market went up on narrow spreads, made new high and a UHV ultra wide spread bar took out the previous 6 bars' low. This is weakness. If market moves up on tiny spread and lower volume, this is no demand, don't get trapped in long positions, or tighten stops if long. Weekly: Low volume up bar closing off high = Weakness. Daily: Higher volume down bar closing off high, selling as market high was made. Tighten stops. H4: Ultra High Volume down bar close below middle and the low took out last 6 bar's lows = weakness. If next is a down bar this further confirms weakness. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4552 4515 4472 4411 4381 4333 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2021 Oct 11 WeekES1! ES1! SPX500USD 2021 Oct 11 Week Weekly: High volume up bar closing off high, and within range of previous week's bar. Daily: High volume up bar closing off high = weakness. H4: Supply present at 4380 - 4412. May return to test UHV bar A. Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4268 4333 4381 4412 4468 4524 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Oct 04 WeekES1! SPX500USD ES1! SnP500 2021 Oct 04 Week Market exited the uptrend channel last week with conviction. On daily chart, two lower lows and 1 lower high now gives us a down channel = change in trend. Weekly: High volume ultra wide spread down bar close below halfway of bar = weakness Daily: Up bar closing off high = weakness Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Market returned to test a previous rotation and also UHV bar A and closed off high - weakness. Pink down channel also drawn in H4. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4472 4455 - 4441 4415 4389 4367 4345 4260 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Sep 27 Week SPX500USD ES1! SnP500 2021 Sep 27 Week Impressive recovery of the SnP after the down move. This means the uptrend is still intact at the moment. However caution needs to be exercised. Weekly: High volume ultra wide spread up bar. Weakness appears on UP bars, tighten your stops if long. Daily: Market moved up on reducing volume, narrowing of spread = weakenss. The highest selling volume since the uptrend has appeared. Tighten stops on your long positions. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Market went up on diminishing volume = weakness. Testing the previous rotation (grey box) Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4481 4455 4415 4378 4346 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Sep 20 WeekES1! SPX500USD ES1! SnP500 2021 Sep 20 Week Last week, nice trade opportunities from the price reaction to the levels, tested 4415. Weekly/Daily: High volume wide spread bar close off the low = temporary demand. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Climatic down bars closed off the week, pushing through the demand line of up channel = bearish absorption. Preference is to short on retest of levels above. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4512 4463 4445 4415 4378 4346 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Sep 13 WeekES1! SPX500USD ES1! SnP500 2021 Sep 13 Week Last week's break down of rotation zone turned out well. Weekly/Daily: Ultra wide spread down bar, strength may return. Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: UHV Ultra wide spread down bar closing of low. Some support has returned. Strength TBC As SnP approaching demand line of channel, and a previous support. Let's see if support holds. Entry will be based on price reaction at these levels. Long (Test and Accept) | Short (Test and Reject) 4550 4530 4512 4463 4445 4415 4378 4346 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Sep 06 Week ES1! SPX500USD ES1! SnP500 2021 Sep 06 Week Last week's long on retracement was good. Weekly: Narrow spread up bar closing off the high, volume was higher than previous bar. There is definitely supply selling into the mark up. = Weakness Daily: Broke previous high but closed in middle of bar, supply was present = weakness. H4: Rotation, whipsaw expected. The up bar yielded no result = weakness As SnP makes its way up, strategy will be to long on retracement. And given the rotation phase in H4, entry preference will be at the edge of the horizontal range. Entry will be price reaction at these levels. Long (Test and Accept) Short (Test and Reject) 4550 4535 4512 4497 4463 4445 4380 4345 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Aug 30 WeekES1! SPX500USD ES1! SnP500 2021 Aug 30 Week Last week, bullish absorption for levels 4443 and 4463 provided long opportunity. This tells us the importance to look at price reaction when they approach price levels. Weekly: Ultra wide spread up bar on high volume, closing on high = Strength. Daily: Ultra Wide Spread Up Bar closing on high, Ultra High Volume = Weakness H4: UHV Up Bar followed by tiny spread high volume bar = weakness. As SnP makes its way up, strategy will be to long on retracement. Entry will be price reaction at these levels. Long (Test and Accept) Short (Test and Reject) 4507 4497 4463 4445 4378 4345 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD ES1! SnP500 2021 Aug 23 WeekOANDA:SPX500USD ES1! SPX500USD ES1! SnP500 2021 Aug 23 Week Price approaching previous supply area, there may be temporary weakness. Wait for price to come down first before taking a long. Weekly: Ultra Wide Spread Up bar closing off high, and lower than previous bar = Weakness. Daily: Ultra Wide Spread Up Bar, High Volume = Strength H4: Narrowing Spread, advancing on diminishing volume = Weakness Strategy for Short (Test and Reject): - 4476 - 4460 - 4445 Strategy for Long (Test and support): - 4412 - 4378 - 4345 - bullish absorption past 4476 Like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:ES1!
by paradox677
SPX500USD 2021 July 26 Week OANDA:SPX500USD SPX500USD 2021 July 26 Week Long from lower green zone was fruitful. Weekly: Engulfing wide spread up bar, closing at its high. No sign of weakness yet Daily: Wide spread up bar close of its low, decreasing volume on move up = SOW H4: Widespread up bar + Upthrust + decreasing volume on move up = SOW Strategy: 1) Short on ND / Upthrust / Mushroom over 2) Long if there's climatic down bar + strength Like and follow if you find this useful :) Have a successful week ahead in whatever you do
OANDA:SPX500USD
by paradox677
1