Sunday Homework

No real direction. Bulls need to prove themselves by taking 3640ish and bears need 3500. We are just ranging until that happens. The 5 minute is a bit interesting. Why did that 3542ish area hold? That should have been really week and fallen down to 3500.

ES 4 hour chart

ES 12-20 (240 Min)  11_20_2020.jpg

ES 5 minute chart

ES 12-20 (5 Min)  11_20_2020.jpg

Sunday Homework

That was a pretty bullish day and close on Friday. The market is still in this correction inside of a secular bull market. Bulls need above 3422ish to really start thinking about changing the trends. Looks like some stuck shorts in the 3221ish area. Four hour now has a set of three nice points on a downward trend line.

ES 5 Minutes

ES 12-20 (5 Min)  9_25_2020.jpg

ES 4 Hour

ES 12-20 (240 Min)  9_25_2020.jpg

ES Daily

ES 12-20 (Daily)  7_14_2020 - 9_25_2020.jpg

Sunday Homework

Bull stampede. The market is up basically 5% in 10 days. That’s not bearish. It is also not an area I want to be buying. The first goal for the bears is back under 3490ish then hope for 3455 and 3448. We are still overall bullish over 3317. That area would be about a 6$ pullback from price now.

I like a shot at joining the bull run around 3455 and 3448 and would consider that until 33400 broke. Hold the trend line on four hour chart and we can get to 3560ish

ES Emini S&P 500 Sept 2020 Four hour chart

ES 09-20 (240 Min)  8_28_2020.jpg

ES Emini S&P 500 Sept 2020 dailychart

ES 09-20 (Daily)  4_29_2020 - 8_28_2020.jpg

Sunday Homework

The bulls and bears really did not do anything decisive the latter part of last week. Bears need a 3317 to really get this moving lower and still overall bullish over 3217. See how it opens on Sunday night. If we open up and bears can take Friday’s low then we should 3330 and 3325. I think you could probably attempt a long 3326-27 with a stop at 3325. If that holds you should see that 30 and maybe higher. I also like an offer up around 3377-78 with a stop at 3381. Bears need to see that area rejected again for a hope at lower and you have stuck bulls in that zone.

ES S&P 500 Daily futures chart

ES 09-20 (Daily)  4_22_2020 - 8_14_2020.jpg

Sunday Homework

That was a pretty bullish recovery on Friday. Bears need to take 3190 to really change the market calculus. That level has been tested twice now and should fail on the next test. Bulls need to take the 3287ish area to prove they have the energy for higher. This is just consolidating until that happens.

ES Daily with comments

ES 09-20 (Daily)  4_16_2020 - 7_31_2020.jpg

This an example of a diaper trade that would not have worked. Techniques do NOT work 100% of the time. Anyone that tells you differently is lying to you.

ES 5-minute chart

ES 09-20 (5 Min)  7_31_2020.jpg

Early Sunday Homework

I ended up getting stuck at home this morning so did this on Saturday

ES daily chart. I took quite a few of the earlier comments off to clean this up a bit. I thought it was looking cluttered.

ES 09-20 (Daily)  2_14_2020 - 7_24_2020Sunday.jpg

ES 5 minute I drew this up to give some insight into how I see patterns and how I interpret those patterns. This may be incorrect, but it is how I see the market on this five minute chart.

ES 09-20 (5 Min)  7_24_2020Sunday.jpg

1-5 days I would be a buyer of the first test of 3103 and a seller of the first test of the 3260 area. Nothing else really screaming do something here.

Sunday Homework

ES 09-20 (Daily)  1_9_2020 - 7_10_2020.jpg

The ES Emini is consolidating. It’s in a trading range 3110-15 to 3185ish or so This is a pretty wicked rising finger on the shorter time frames. There is nothing jumping out, but would be comfortable shorting into the first tests 3220-25. It’s probably better to just sit on your hands

Sunday Homework

No real trend here. Getting more overbought on the stochastics. Bears need a daily close under 2967 and the bulls basically need to defend about 3000. Fridays 24 hour Value is 3115/3119/3130 VAL/POC.VAH Would short the first test of the 3130 if we open lower Sunday night. No close diaper trades on the 5. I think I will just see what happens over the next 23 hours.

ES 09-20 (Daily)  12_30_2019 - 7_3_2020.jpg
ES Emini Daily Chart