ES (Aug. 12 update)
Sustaining the low volatility just below the all-time highs, is a positive signal for an eventual retest and break of the all-time highs for ES futures.
Sustaining the low volatility just below the all-time highs, is a positive signal for an eventual retest and break of the all-time highs for ES futures.
Consistently low volatility speaks volumes about an upcoming test of the ES record high.
Nice bounce off the 50% fibonacci. What is now needed is for volatitlity to go down and the long-term bull will wake up. Manage your risk when trading! Please read the Disclaimer!
This weak support trend line is the next obvious target for ES. We need to see some base-building before jumping back in on the long side. Manage your risk when trading! Please read the Disclaimer!
Learning: Do not use oscillators in trending markets. View: An eventual ES correction to the resistance-turned-support line, may offer a long-term buy entry point. Always manage your risk when trading! Please read the Disclaimer!
I can identify a reasonable entry some 300 points lower. So, just watching the market. Manage your risk when trading! Please read the Disclaimer!
There has been a multi-day consolidation in ES recently, which obviously went in favor of bulls. Maybe another consolidation is the best that bears can hope for. Honestly, I don’t advise picking market tops. Always manage your risk when trading! Please read the Disclaimer!
The triangle apex is offering some critical support to the ES. Please read the Disclaimer!