Hunting 📉&📈 while trading $/₽, €/$, RTSI, Crude OIL as well as their derivatives since 2010 | Quantitative & Technical Analyses Involved | Assoc. Prof., Ph.D.
The indices traded lower after the OP & chopped in a small range during the AM. Later there was a move lower testing below the RTH low's. The ES bounced back to unchanged. Today all eyes are on the FOMC release at 2:00ET. We may continue to chop until then. Pivot=3968 #ES_F $SPY
Friday was triple witching expiration so the indices remained under pressure until the last hour where they caught a bounce. The ON sessions sold off to new swing lows. We have the FOMC release this week that may create some 2 way trading. Pivot=3885 #ES_F $SPY $QQQ
The ES stayed under pressure in the AM & then turned positive later closing on the highs. The ON sessions continued up above the RTH high. The ES will Gap up on the OP & may continue to push higher in the AM. Later the ES may gravitate lower. Pivot= 4014 #ES_F $SPY $QQQ
Friday the ES traded up in the AM to test the 4020 & held. The ES stayed positive until the afternoon where a long liquidation began. The ON sessions moved slowly higher. In the AM the ES might fill in the cave & stay inside the the middle of the RTH range. Pivot=3934 #ES_F $SPY
The ES failed to test the ON highs leaving a bull trap above. When Fed chairman Powell spoke a long liquidation began pushing below the RT lows adding fuel to the fire sale 😉. We may try to test the ON highs on the OP & then a turn down can follow. Pivot=4057 #ES_F $SPY $QQQ
The ES sold off to the Pivot & held on OP. The indices then began a slow move up taking out the ON high's & closing near the HOD. We may trade sideway until Fed Powell speaks at 10:00ET. A move outside the RTH range can get a directional move. Pivot=4167 #ES_F $SPY $QQQ #NQ_F
Yesterday 2 way trading rotating around the pivot. The ON sessions rallied taking out the 4162 level to test the 4190 level. The ES sold off down to the RTH highs. We may have trapped some bulls in the ON sessions. Pivot=4147 $SPY #ES_F#NQ_F
The ES Gapped lower after the OP & continued lower filling the Gap below left from the CPI release. There is a large Gap above from the RTH session. The Europe session tested major support & bounced. We may try to hold the ON lows & stay positive in the AM. Pivot=4141 #ES_F $SPY