good evening folks,
es appears to be in what looks to me like a falling wedge.
i've come up with two trajectories for it this week.
👇
1. the bull (portrayed in green).
-if the low from may can succesfully hold, without being violated - there is a slim chance for us to see a bullish continuation to the upside. potentially up to 4300.
-few more levels above this level, if it can successfully push through it.
-this could happen if jpow says something nice on wednesday.
-we have a full moon on june 15th (a historical bullish indication for the markets).
-we also have a max pain on spy contracts at $422 for 6\17 opex; price could theoretically gravitate up there (but it doesn't have to).
-85% of the market is currently bearish, which could result in a short squeeze if given the proper circumstances.
-4h hidden bullish divergence is currently present.
-little bonus, our high time-frame indicator is calling a buy down here.
---
2. the bear (portrayed in burgundy).
-if the low from may is breached, a rapid mark down in price can occur.
-there is two significant targets which i have had in mind for awhile.
-3175
-3635
---
this week could be very eventful, as we have quite a few things on the schedule:
-triple witching
-vix expiration
-jpows speech,
-full moon
-and probably so much more.
---
ps. i am cautiously bull-ish.
trade safe, and have a blessed week o/
es appears to be in what looks to me like a falling wedge.
i've come up with two trajectories for it this week.
👇
1. the bull (portrayed in green).
-if the low from may can succesfully hold, without being violated - there is a slim chance for us to see a bullish continuation to the upside. potentially up to 4300.
-few more levels above this level, if it can successfully push through it.
-this could happen if jpow says something nice on wednesday.
-we have a full moon on june 15th (a historical bullish indication for the markets).
-we also have a max pain on spy contracts at $422 for 6\17 opex; price could theoretically gravitate up there (but it doesn't have to).
-85% of the market is currently bearish, which could result in a short squeeze if given the proper circumstances.
-4h hidden bullish divergence is currently present.
-little bonus, our high time-frame indicator is calling a buy down here.
---
2. the bear (portrayed in burgundy).
-if the low from may is breached, a rapid mark down in price can occur.
-there is two significant targets which i have had in mind for awhile.
-3175
-3635
---
this week could be very eventful, as we have quite a few things on the schedule:
-triple witching
-vix expiration
-jpows speech,
-full moon
-and probably so much more.
---
ps. i am cautiously bull-ish.
trade safe, and have a blessed week o/
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。