If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Target has been reached, the 50 daily MA. The easy money is over, today may be a hard day to trade due to potential tight range. Trade at your own risk. The retrace yesterday almost made it exactly to 50% fib at 2084.5, but bulls failed then broke down later. Not bad a risk 5 for 20-25 trade.
Next support level is 2040 for ES, but that is not my target, I need to see how this hourly bar closes first.
Attachments
Last edited by Unique on Tue Mar 10, 2015 9:53 am, edited 1 time in total.
Still for the 185-187 support region (double bottom/channel trendline support). This is a very significant support area since we're at a weekly/monthly inflection point as mentioned previously. Decisive break below enters freefall mode. Then it becomes an easy risk 5 for 20/25 kinda trade. Vice versa, for holding 185-187 decisively. Trade price only, see how it reacts today. Personally, waiting to see a 1-2-3 trend change to upside, since a breakdown usually doesn't happen on FIRST retest of support.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Potential Oversold bounce/deadcat bounce when price nears 433.7 due to hourly rsi <25.
Down 5 consecutive days already, so may need to consolidate a bit.
Daily moving averages next support is 418-415, but let's see how today closes first.
--
Love being a bear, easy fast money Bulls take too long