Recent content by malaspina

The Uptrend Prevails. I was mistaken some days ago and quickly changed gear. Accepting you are wrong fast is a golden virtue in trading the financial markets. I though the SUPER WALL was going to stop the bulls for forth time but price action proved otherwise. Bull action penetrated the SUPER...

This might head south, be ready to go short. I have this feeling after looking at price action that E-mini S&P 500 could break to the downside.

I just was looking at the market data of the Emini S&P 500 and I did not like the recent push to the downside. I will need to wait for more market price action before considering a short position.

At this time ES is testing support at 2824, we need to wait to validate if support is valid, if so, then it could be a good long play from this level.

We are in the middle of a pullback attack to the 2824 level. It is key for the bulls that this level holds. If it does it will be a nice confirmation of strong support here.

After the SUPER WALL was broken price is going slowly upwards. Patience, I have not seen a clear pullback yet. Price level 2824 must hold any pullback attack (if any) for a solid uptrend continuation.

Here we go, SUPER WALL broken, now lets see what the future brings.

SUPER WALL 2824 price level BROKEN! let´s see if market can keep closing over it.

The Emini S&P 500 is now is a vicious battle for taking over 2824 price level. Who will win, bulls or bears?. If you ask me I think bulls are trying to buy all the offer, once bears run out of inventory the price will blow in a blast of upwards energy that could reach last year top of 2945...

The chart...

What a war among bulls and bears at the SUPER WALL 2824 price level. Who will win ?. Only time will tell but, if bulls over run the bears then be ready to see a full speed upwards move to 2945 price tag.

By the price action it looks like the SUPER WALL is going to be broken this time.

ES going for the super wall again. Be on alert, it could be a nice long trade.

This is a SUPER WALL (2824 resistance level). Today market made a huge retracement off 2818 price level. Well, we will see. This is not over yet. Support level 2762 resisted the bears attack. Only time will tell.

Chart