David Michaels

PATTERN MATCHING HERETIC, TRADING KNOW IT ALL, MOMENTUM ADDICT, TREND IS YOUR FRIEND, WALKING THE WALK. BEARDS.

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - Pretty much the same paly book as yesterday. Our resistance level held. The market backed off - and now watching to see if the 5190 levels holds or not.

If it holds, perhaps another test of the 5256 level. Below 5190 we enter a bit of a danger zone and if 5162 goes, a lot more downside opens up for reasons we talked about in the podcast - link below.

Watch the lower trendline as an early warning sign of weakness. Good Trading.

Check out our multi time frame analysis of $META - link below. Good Trading!

Ref 30 min chart: https://t.co/2SH68IPi3s?

Our latest podcast: https://t.co/ZLVrB2twDY

Muti timeframe $META analysis - https://t.co/1boUaDQ7qL

[Plus3 Forecasting @Plus3Forecast]

A look at $NVDA through the Gann lens.

[Plus3 Forecasting @Plus3Forecast]

Lot of good stuff this week, specially if you are interested in Gann analysis - we spent some time talking about the basics of using a square, towards the end of the show.

https://t.co/nQCaxYWjAR

[Plus3 Forecasting @Plus3Forecast]

These hardly ever work all the way but the runup worked just fine :-)

Source: Crescat

[Plus3 Forecasting @Plus3Forecast]

Check out our multi timeframe undressing of $NVDA
Nvidia link - https://t.co/3kgoy5nSUx

Channel: https://t.co/bEpAHJz0hl

[Jeff Cooper @JeffCooperLive]

$NVDA

Jan 19/582
possible time/price square-out

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - Talk about ping pong - 4744 held, a little struggle at 4790 sat under 4818 and went on to check 4842 while everyone was sleeping lol

If the market can hold above 4818*again expect more tries to test that zone above, IF we get under 4818 at this point then we know the move is done.

Watch the lower trendline - very important short term indicator today, along with 4790. That's all for now. This all looks like distribution to me, let's see how we unfold. Good Trading.

Ref 30 min chart: https://t.co/C3C5whNycA?

Podcast for this week: https://t.co/ZxAUKWAvwD

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - 4674 is our potential mean reversion level for now. Expect the market to be firm above the lower channel line. Strong above 4674 and weaker below 4654.

But zooming back to higher time frames, the market is a in a strong position and we are monitoring the countertrends to gauge the strength of the break out above our old 4637 level.

We did have a number of time cycles expiring at these levels and we have to watch the price action to confirm a change in trend. The price action around 4674 is our focus for now.

Ref 30 min chart: https://t.co/Xw4oaSZReW?

Our latest review of the markets: https://t.co/TwPWeQcOQJ

[David Michaels @WallStGnostic]

@moneymotive888 Please add me - thanks!

[David Michaels @WallStGnostic]

@moneymotive888 interested

[Plus3 Forecasting @Plus3Forecast]

Plus3fuse is 4538.00 - as always firm above/weak below. *Check out the 30 min $ES update for other levels.

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - Things have held together pretty much as we framed. And for today, 4523 is the key!! again! lol

But today look for weakness below and firm conditions above. IF we slip through it's possible we test the 4485 area at a minimum.

Will post a follow up if we need one. Look for our new podcast on Saturday. Good Trading!

Ref 30 min chart: https://t.co/9C9E2o56ET?

Podcast for this week: https://t.co/ZHBid3t3t1

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - Apologies for the late posts - a result of travel and internet not going together :-)

A quick post to just get up to date. The 50% level at 4520 is the balance point. As long as we can hold above, reaching the next target/resistance at 4560 should not be a problem.

Because of the fast move, it's possible for price to consolidate here - the key is to see the degree of buying or selling entering the market during the consolidation. Look for firm conditions above 4520 and weaker conditions below. The main support level is 4585

Ref 30 min chart: https://t.co/a8MtBmNP4N?

Podcast for this week: https://t.co/ZHBid3t3t1

[Plus3 Forecasting @Plus3Forecast]

(1) Plus3fuse is 4432.00 - as always firm above/weak below. *Check out the 30 min $ES update for other levels.

[Tom McClellan @McClellanOsc]

Corn prices are bottoming right on schedule. Look for corn and wheat prices to rise into early 2024, bringing back the specter of inflation which many Fedspeakers think they are conquering.

[Jeff Cooper @JeffCooperLive]

why did the $SPY explode to 440 on Friday?

good, good good good vibrations

W.D. Gann's Law Of Vibration

Once we got an Opening Range Breakout and $SPX cleared Thursday's reversal high it was a magnet to the 440 strike

[Plus3 Forecasting @Plus3Forecast]

Latest podcast - there is a nice segment towards the end when we get into how to take a loss and thinking around losses and the best ways to approach the subject without going crazy or depressed :-)

https://t.co/n3thTvhjiJ

[Plus3 Forecasting @Plus3Forecast]

Plus3fuse is 4410.00 - as always firm above/weak below. *Check out the 30 min $ES update for other levels.

[Plus3 Forecasting @Plus3Forecast]

$ES 30 min update - Please check the podcast for $ES details. (Link below) 4411-4415 is the level to hold in order to keep the momentum at a decent rate.

As long as we can maintain above 4411, the market is in a stable state and can step up to 4450 area without much of a problem. BUT if we can't hold 4411 then expect weaker conditions and a longer consolidation. The 4467 area is still important support.

Ref 30 min chart: https://t.co/IRbRioneIL?

Podcast for this week: https://t.co/ZHBid3t3t1

[Plus3 Forecasting @Plus3Forecast]

(1) Plus3fuse is 4410.00 - as always firm above/weak below. *Check out the 30 min $ES update for other levels.