Emini S&P 500 expectations.

[malaspina]

ES continues going up against the downtrend. The task here is to find out where it will resume the path downwards.

 

[malaspina]

Watch it, a price reversal might be on the works...

 

[malaspina]

I checked out also volume and price behavior and it looks suspicious, it is like signaling that ES would like to come back down again, please check volume out to see what I mean. I also found this MACD / PRICE divergence that you can see at the chart above also give a clue about could happen. This is not 100% bullet proof but it tend to work out with regularity.

 

[malaspina]

There is also a clear double top on high volume...

 

[malaspina]

Learn to take losses. The most important thing in making money is to keep losses short.

View this content on Instagram

View this content on Instagram

 

[malaspina]

My wish for everybody is for you to have all the energy, love, happiness and wealth to enjoy the best times with your family and friends during this new year. HAPPY NEW YEAR 2019.

 

[formikatrading]

I think there is a decent chance we see 2550 before any major resistance.

 

[malaspina]

I think there is a decent chance we see 2550 before any major resistance.

Hello formikatrading, nice to see you here again.

I am detecting some MACD / PRICE divergence in the 4 hour charts, this signal tends to be right regularly. We need to watch for price action for confirmation. If this MACD / PRICE divergence is right this time ES might go down again. Let´s wait.

 

[formikatrading]

There are divergences in MACD BUT it's still above -0- and coming off extremely bullish momentum. I think the lows we tested this morning around 2483 are our support for the day now so my bias is up for now.

 

[malaspina]

It happened. ES coming down again, watch price action, shorting opportunities might be available.