Chartered Market Technician, a trader in Equities, Forex, Futures, and Options. @Pinnacle_inst, FXStreet Best Educator. Start your trade journey with me👇🏻
Philadelphia, PA
Joined June 2014
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The bears are growling loudly. We should get a small bounce from today's lows to offer new selling opportunities at the 240-minute supply levels above. My target is the weekly demand.
Do you remember when you joined X? I do! #MyXAnniversary I think I deserve a gift @elonmusk
The markets keep choppin', and man, it’s been rough.
My rent’s overdue, and my gas tank is dry,
If I don't get a breakout, I swear I might cry.
Oh Lord, won’t you give me one good trend day a month?
The ES is looking like it may move sideways today. The consumer confidence number at 10:00 am may nudge it into an intraday trend to trade.
The market dropped on the uptick in unemployment. It is currently retracing the reaction, but it looks like it will finish the week with an inside day. The bullish trend is still intact although the intraday trend on the 60-minute chart is bearish.
The indexes may be overbought, but it can become more overbought in a strong bullish trend. The bulls are pushing higher. There may be a small pullback before new highs are made again.
The ES is bouncing a little this morning, but it looks like it may be a dead cat bounce before another drop. I'll be watching momentum to see if there is enough bullish pressure to rally price or not.
Price changed direction with the explosive move this morning. Now price is correcting after the run. We need to watch the momentum to see whether it will resume the upside push or fizzle into the weekend.
The NQ is the leading index upward and has found some weakness. The confirming peak or a breakdown of the 60 min channel has not happened yet, so price is just pausing but still bullish until it does.
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