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ES E-Mini 1440min Chart
This what is going on so far. Market still in Bull and Bullish Trend. Since few Month, Market Create a Nice trend of Low-High Higher Low/ Higher High.
Last week, even if Monday, market close under 50MA, they din’t have enough strength or was stooped by 50%ret. Fibonaci.
Now Buyers are coming in the Market, and they goal is to bring to the Orange area, where they fail few weeks ago.
And like I mention few post ago, <<Actually I’m looking to see August finish on DOJI, or close to – See more at: http://www.moneymakeredge.com/blog/#sthash.rv3oNqs0.dpuf >> , If buyer coming next week, to go back at the orange zone, is what we will get.
For US$/Eur , I’m on hold. It din’t go with strength I wanted.
Few Good trade in commodity don’t Miss it!
Hi Traders! Market Get Exited be ready for any movement, Short/Long and this on different instrument! For know, I recommend to look at SP500 Index, especially on Monday and Tuesday. Many potential trades to take this week, but will only show, the SP500(ES) on this post.
ES Looking only for Short position
Sellers won first Fight, when they break the first Bullish Trend. and now, they are testing a second one. On Friday Buyers was way to afraid to get in the market, to pull it back at 50% on last move down. And before market close, Sellers close at they price under 50MA.
Monday: I’m looking to see on the opening of market Sellers get in the market strong and fast.
If not Monday, looking for small consolidation till Thursday.
This is a quick post, of my work for next week. Because I din’t finish work on working on my charts. Targets are approximation area.
All Market are in consolidation for almost 2 weeks so far. With EUR/USD preparing to complete Head&Shoulder ( we are at my 2nd shoulder), And having low volume on Market for few days,this following week, I’m Looking to see a Direction.
ES E-mini 1440min Chart:
for next week, few thing to look for:
-Volume: if volume go higher than average, we have or direction for next days/weeks. But if it just go back at same level as normal, I will stay away, to avoid “fake hear”.
Nothing else to say…recommend to site down, look on your screen and wait…
EUR/USD 1440min Chart:
This is a chart I make a week ago, to show H&S pattern to others traders. 1 weak after, buyers keep the control.
For next week, if sellers will come back, They will go back and test 200MA. Depending if sellers close under 200MA, or buyers come back, we will get Market direction for next weeks.
For my self, I don’t see anything clear, and we can go both way 50/50…