Emini S&P 500 expectations.

[malaspina]

It keeps going down non stop ...

 

[malaspina]

If ES price action keeps behaving like this then next week could be a total melt down, it might reach 2550 (T3) price levels or below it! Please stay tuned for the next chapter of this amazing downtrend from the high of 2947. Look at the weekly chart below.

 

[themickey]

If ES price action keeps behaving like this then next week could be a total melt down, it might reach 2550 (T3) price levels or below it! Please stay tuned for the next chapter of this amazing downtrend from the high of 2947. Look at the weekly chart below.
View attachment 195736

I've noticed that major bottoms are usually preceded by a meltdown.
The unintiated often panic at this point which may explain that capitulation happens at bottoms.
Eg, the longest down bars (and volume spikes) are often near bottoms as well as near tops when the rout begins.
Blowoff tops are the inverse, irrational exhuberance.
Tops & bottoms are where max volatility occur.

 

[malaspina]

I've noticed that major bottoms are usually preceded by a meltdown.
The unintiated often panic at this point which may explain that capitulation happens at bottoms.
Eg, the longest down bars (and volume spikes) are often near bottoms as well as near tops when the rout begins.
Blowoff tops are the inverse, irrational exhuberance.
Tops & bottoms are where max volatility occur.

Many thanks for your comments, they are always welcome.

 

[malaspina]

Be ready and stay close for the next week trading action. I am on red alert, if price keeps coming down it will be the open door to a full speed downward move. Let´s wait.

 

[Overnight]

Be ready and stay close for the next week trading action. I am on red alert, if price keeps coming down it will be the open door to a full speed downward move. Let´s wait.

At what point does it really become a full-speed down move? I mean, since Oct 3rd, are you saying it has not been trending down? When the ES has been falling on multiple days for 50+ points, what are you really looking for? A 500 point drop in a day? Geez.

 

[malaspina]

At what point does it really become a full-speed down move? I mean, since Oct 3rd, are you saying it has not been trending down? When the ES has been falling on multiple days for 50+ points, what are you really looking for? A 500 point drop in a day? Geez.

Take a look a the charts above. Yes, ES has been trading down. I just wanted to say that the recoveries after each move down could be weaker from this point onward if bears keep increasing in force like in the past days. That is all I meant. I am not looking for a 500 point drop, I am just waiting for the market to tell a story. Do not be so harsh, I am just trying to share ideas, Geez.

 

[malaspina]

 

[Overnight]

... I am just waiting for the market to tell a story. ...

And do your charts above NOT tell you a story? At what point do we believe the story is being told, rather than has been told or has yet to he told?

 

[malaspina]

And do your charts above NOT tell you a story? At what point do we believe the story is being told, rather than has been told or has yet to he told?

Yes, you are right. OK.