Emini S&P 500 expectations.

Waiting for more weakness inside blue circle....

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I think of this as a retracement inside this downtrend. The trick here is to spot the price range where the price slowly stop going up, fades away and resumes the move downward.
 
By adding volume, you would have a more informative display.

Just looking at half the PV relationship, the ES is in the non-Dom channel of the longer short trend.

Increasing Volume will arrive and whether price XO’s the RTL of this non-Dom channel forming an FBO of the Dom channel short or BO of the RTL of the longer Dom channel short with a VE expanding the long LTL.

This would be discernable by the volume presenting.
 
Sprout said:
By adding volume, you would have a more informative display.

Just looking at half the PV relationship, the ES is in the non-Dom channel of the longer short trend.

Increasing Volume will arrive and whether price XO’s the RTL of this non-Dom channel forming an FBO of the Dom channel short or BO of the RTL of the longer Dom channel short with a VE expanding the long LTL.

This would be discernable by the volume presenting.
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Thanks Sprout for your opinion, always welcome.

As of now price is heading into 2691-2692 resistance price level. By the looks of it price is trying to push to higher levels, I do not know how far up, I need to wait for more price action. The downtrend is still in place so I think we should monitor market closely to find an area of price weakness for another short play...
 
Market price going up during all morning as forecasted during the extended section, it broke over some important price levels BUT the downtrend is still in place. If this is a signal for a trend change to the upside maybe there is still room for some downward movement before prices start treding up again. Check out price action closely before taking any action.
 
This could be a weakness signal inside the blue circle, we need to wait for more price action during the extended section. Maybe there is a new shorting opportunity around the corner...

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malaspina said:
...Maybe there is a new shorting opportunity around the corner...

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Nov 6-7th will be your sign. Also, the markets will be groggy from the clock switch on Sunday morning, so Monday will be a peach. Plan for it. Next week shall be nutso I reckon'. On the bright side, we won't have a full moon to contend with, that passed last week. :-)
 
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