Is price eligible for more selling pressure this coming week? I think demand is weak and sellers are still having a strong interest on lower prices.
Let's discuss S&P500, US30 and NQ on a weekly basis.
- Thread starter Uncanny Entries
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Welcome aboard. I hope you're not easily offended because this place is filled to the brim with, as you can already see, a-holes who graduated from the school of hard knocks.
I think a selloff is possible, considering the heavy selling last Thursday, but it won't drop of its own weight. You'll need some economic catalyst but nothing is scheduled until Thurday when the Jobless number is released, followed by Personal Consumption on Friday. Technically, S&P is above EMA(20), so we're still well entrenched in the bull territory. No need to jump the gun at this point IMO. Let the market tell you instead.
If it looks like a duck, well, it probably is a duck, no?
Anyway, this week marks the end of May.
If we can use history as a guide, month end of May have been fairly bullish most of the time by far over the last 10 years.
Using history as my guide, then, my prediction is that this week at worst will close around unchanged, i.e., 5320 on ES, but most likely, we'll see a drift higher back up to 5360 and possibly a slight squeeze into new all time highs.
The first week of June is the week after with NFP on Friday. Of course, I have detailed statistics for that week as well (as I'm sure everyone else does), but let's not get ahead of ourselves.
Anyway, this week marks the end of May.
If we can use history as a guide, month end of May have been fairly bullish most of the time by far over the last 10 years.
Using history as my guide, then, my prediction is that this week at worst will close around unchanged, i.e., 5320 on ES, but most likely, we'll see a drift higher back up to 5360 and possibly a slight squeeze into new all time highs.
The first week of June is the week after with NFP on Friday. Of course, I have detailed statistics for that week as well (as I'm sure everyone else does), but let's not get ahead of ourselves.
Thank you mate, i am really surprised of being criticized for suggesting we discuss about assets. well, i will see how order flow develops as I observer that the bids aren't having a strong hold at the moment. will see by the end of this week. even the Dax i am quite bearish in the interim.Welcome aboard. I hope you're not easily offended because this place is filled to the brim with, as you can already see, a-holes who graduated from the school of hard knocks.
I think a selloff is possible, considering the heavy selling last Thursday, but it won't drop of its own weight. You'll need some economic catalyst but nothing is scheduled until Thurday when the Jobless number is released, followed by Personal Consumption on Friday. Technically, S&P is above EMA(20), so we're still well entrenched in the bull territory. No need to jump the gun at this point IMO. Let the market tell you instead.
history doesn't necessarily repeat itself in the financial markets, you need order flow and market structure to have a feel for where we might be headed long term or in the interim.If it looks like a duck, well, it probably is a duck, no?
Anyway, this week marks the end of May.
If we can use history as a guide, month end of May have been fairly bullish most of the time by far over the last 10 years.
Using history as my guide, then, my prediction is that this week at worst will close around unchanged, i.e., 5320 on ES, but most likely, we'll see a drift higher back up to 5360 and possibly a slight squeeze into new all time highs.
The first week of June is the week after with NFP on Friday. Of course, I have detailed statistics for that week as well (as I'm sure everyone else does), but let's not get ahead of ourselves.
No, you cookoo, it's superman!
buy dips, buy breakouts.