Emini S&P 500 expectations.

[malaspina]

ES price recovering at this time to the upside but there were plenty shorting opportunities since last night.

 

[malaspina]

Looking for more weakness inside the blue circle to send prices to a lower level...

 

[malaspina]

There was some weakness during the extended section now let's see if this continues downward after the open...

 

[malaspina]

more weakness underway after the open ....

 

[malaspina]

Price moving lower during the afternoon section, it looks like weakness is increasing.

 

[Laissez Faire]

Trading is similar to chess. You need to think ahead and anticipate. Map out multiple scenarios. Don't place too much importance on one single bar.

If it's a big up day; should that up day be interpreted as strength/trend reversal or is that up day part of the ongoing down cycle?

Day trading is the same. People see a big bar up or down and all they can see is up/down. They don't see the entire day ahead.

 

[malaspina]

Trading is similar to chess. You need to think ahead and anticipate. Map out multiple scenarios. Don't place too much importance on one single bar.

If it's a big up day; should that up day be interpreted as strength/trend reversal or is that up day part of the ongoing down cycle?

Day trading is the same. People see a big bar up or down and all they can see is up/down. They don't see the entire day ahead.

Wise words. Thank you.

 

[malaspina]

I will watch the extended section to see if price reach the 2620 level (support area) of if there is a retracement for any new shorting opportunities. Let´s wait and see...

 

[Sprout]

I will watch the extended section to see if price reach the 2620 level (support area) of if there is a retracement for any new shorting opportunities. Let´s wait and see...

You can increase your view of the market (and your opportunities) by adjusting your MACD settings and when ready adding stochastics.

This is a good thread to get you started. It does devolve a bit, nevertheless it's an introduction to some concepts.
https://www.elitetrader.com/et/thre...-stochastics-helpers-for-123-and-ftts.113044/

 

[malaspina]

You can increase your view of the market (and your opportunities) by adjusting your MACD settings and when ready adding stochastics.

This is a good thread to get you started. It does devolve a bit, nevertheless it's an introduction to some concepts.
https://www.elitetrader.com/et/thre...-stochastics-helpers-for-123-and-ftts.113044/

Thank you Sprout. Great information.