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The Nightly Updates are sent out Sunday Evening to Thursday Evening for the following  day's trading session. This publication's primary focus is trading the index futures ($ES_F) and ($NQ_F). However, you can also use my nightly updates to trade the following ETF's (SPY), (QQQQ), (SDS), (QID), (DIA), (VIXY), and (DOG)

 

INTRADAY LOG FOR MONDAY - MARCH 25, 2019

25 Mar 2019 09:34 am
good morning. With the open under a major support area the ES needs to get back over 2810-2811 area and not turned right back down

25 Mar 2019 09:45 am
the ES went to 13.50 so faralmost reversed 100% and bounces should keep failing from now on out

25 Mar 2019 09:53 am
should be strong resistance around 2802.50-2803.50 if there is a bit more strength

25 Mar 2019 09:58 am
92.50 area needs to hold or else could go to or through 88 area next

25 Mar 2019 10:01 am
if there is going to be a bounce attempt of many sort it has to come from the 92.50 area

25 Mar 2019 10:12 am
as long as 98 is held under the market will stay under pressure

25 Mar 2019 10:22 am
this will stay in a trend down mode unless or until 96 and especially 98-98.50 is broken and able to hold but being under 2802.50 is a big picture short

25 Mar 2019 10:26 am
trying to put in a low for a while holding 90.50 and taking out 96 area and not turning right back down from there

25 Mar 2019 10:30 am
with over 96 and needs to keep going through 98-98.50 and then hold over 96 on a dip or higher to keep going up

25 Mar 2019 10:35 am
has to get back over 2803.50-2805 area and hold around 2802 after that, or could be making a top at 2801.25 for now

25 Mar 2019 10:43 am
holding under 98.50-99.50 area keeps pressure on the downside to test or break 95.50 which could be a pivotal area early

25 Mar 2019 10:50 am
has been trading between 95.75 and 2101.25 and now could be breaking out and take out 2802.50-2803.50 and back away a bit if it's not able to plow through and stick with gusto

25 Mar 2019 10:52 am
2801 is new support for a while and this bounce should be sold into at or under 2808.75-2810.25 area or make a higher high

25 Mar 2019 10:58 am
made it to 2809.50 and should back away if it's not going to keep going up over the 14 area and stick next

25 Mar 2019 11:07 am
getting over 13.50-14.50 is going to be a major area for a bounce to clear today and hold in order to attempt extending the bounce and possibly have a decent low in place until higher prices and needs to bounce off of 2803.50-2802.50 worst if challen

25 Mar 2019 11:09 am
need to be away just a short while. Right now needs to keep holding 2804 to avoid a reversal back down attempt.

25 Mar 2019 11:23 am
the ES held at the 2804 updated support and ran up to 2812.50 so far and just under the 13.50-14.50 area to get over and hold or else the move could be over for a while

25 Mar 2019 11:33 am
15.25 high and a tiny pullback so far and will need to hold at or above 11.50-10.50 or a tiny bit lower and spring back up otherwise could top out a while

25 Mar 2019 11:37 am
2809 a minor area could give a bounce but should not take out the high and stick and turned down again

25 Mar 2019 11:43 am
trying to hold around 2809 but should not take out the 12.50 on a bounce attempt and stick longer than a minute or two if it does, otherwise test or break the high but otherwise go towards the 2804 area again

25 Mar 2019 11:49 am
like down to 2805.25 so far and if 2804 does not hold this could keep coming to or through 2801.50-2800.50 and has to bounce from that area or else bigger damage and 96.50-95.50 would be next

25 Mar 2019 11:58 am
a bounce off of 2803.50 was quickly turned up and 2804 just after that, and is going to be pivotal area that must hold now to keep uptrend from reversing and going back towards 98-97 and maybe lower. pressure on under 2808

25 Mar 2019 12:04 pm
could be trying a turnaround from here at 2801.25 but has to clear and hold over 2804 prior support and keep going over 2807-2808 new resistance for this bounce

25 Mar 2019 12:13 pm
needs to take out 2807.50-2808.50 and not get turned down or else still selling pressure on bounce attempts or sideways action

25 Mar 2019 12:18 pm
pressure is going to stay on holding under 2807.50-2808.50 area at the moment, but still has the 2802-2801 area to go under and not pop right back up if broken or touched

25 Mar 2019 12:21 pm
I will be back around 1:20, earlier if it is possible and necessary. There's a chance that a decent low is in place for a day or two as long as 2801-2800 holds for now

25 Mar 2019 12:33 pm
the ES poked over 2808.50 by 1 tick and immediately backed away and then stalled about 4 minutes going sideways and now unless a move over 2808.50 happens and it holds otherwise going to or through 2801.50-2800.50 otherwise

25 Mar 2019 12:36 pm
there is no stick to the bounces so far and taking out 2801.50 should happen and then would need to hold under 2808 at most. Back in a while this could go to or through 96-95 area next for a bit above if not going to the low or more

25 Mar 2019 12:37 pm
the ES poked over 2808.50 by 1 tick and immediately backed away and then stalled about 4 minutes going sideways and now unless a move over 2808.50 happens and it holds otherwise going to or through 2801.50-2800.50 otherwise

25 Mar 2019 12:42 pm
it is the 96.50-95.50 area that needs to be held at or tiny bit above two get a good bounce in order to avoid going back to test or break the low area next. Resistance at 2802.50-2803.50

25 Mar 2019 01:20 pm
the ES held at 95.50 and went through 2803.50 on up to 2807.50-2808.50 area needs to be broken/held above this afternoon in order to have a rebound attempt. Right now it is vulnerable for another pullback/sell off if not taken out soon

25 Mar 2019 01:39 pm
a bounce coming from 98 and it's the 95.50-95.50 area that needs held and take out 2803.50-2804.50 area again and go up thru 2807.50-2808.50 area again

25 Mar 2019 01:43 pm
2803.50 was reached and turning away and a break of 98 and go to or through 95.50 or more

25 Mar 2019 01:47 pm
96.50-95.50 should be reached or broken before a bounce attempt, could go back down to 90.50-90 low area/token lower low

25 Mar 2019 01:50 pm
if this goes to the 90.25 low and no bounce from there or a little bit above,

25 Mar 2019 01:56 pm
pressure will stay on holding under 97 right now to test or break the 90.25 low area, or token higher low is making a 123 type of

25 Mar 2019 02:00 pm
a 123 type of bottom. But would need to bounce from 90.75 and take out 97 area, and then hold above that area on the way to or through 2803.50

25 Mar 2019 02:06 pm
needed to go through 97 with some gusto but broken by only 1 tick and should be going back to or through 90.50 or more before a bounce attempt

25 Mar 2019 02:14 pm
we had an early drop from 2803.25 down to 2890.25 in the first 40 minutes and then a 25 point run-up was reversed at 11:30 and stairstep lower since then down 13.25 points so far and a double bottom that will break if 97.50 is not broken

25 Mar 2019 02:17 pm
if this takes out 2797.50 it will need to have enough gusto that it holds at or over the 95-94.50 area at the very most and close up again over 2803.50. This could keep pushing through the low otherwise

25 Mar 2019 02:18 pm
need to step away about 15 minutes

25 Mar 2019 02:25 pm
90.50 token higher high so far and 89.50 needs reached and still a gap from 3/11-3/12

25 Mar 2019 02:26 pm
and keep going to or through 89.50 if this cannot get back over 90.50 area and holds up there

25 Mar 2019 02:28 pm
we have had a two-sided day as noted earlier, 25 point moves both ways so far, and stands this downtrend going through 89.50 and holding under 92.50-93.50 area at a minimum and stick but really should get back over 96 or more. Timeframe for a reversa

25 Mar 2019 02:38 pm
dropped to the 89.50 level and fill the gap and immediately turned up at 2:25 PM where we often get turning points and now 97.50 needs taken out with enough to hold to trying retracing more of the drop, otherwise back towards the low areas

25 Mar 2019 02:46 pm
this rally is continuing and without 97.50 and the 2802.50-2803.50 area needs to be broken through has both chart resistance and 50% retracement of the top to bottom today

25 Mar 2019 02:54 pm
turning down from just under 2800 and needs turned up from around 97-96.50 area and go up through 2802.50-2803.50. It's vulnerable holding under 2800 right now

25 Mar 2019 03:01 pm
should reached the 2802.50-2803.50, and those are broken then could be another retracement back up to the high area today. Should be good holding over 2800 area now

25 Mar 2019 03:02 pm
2803 was rejected a little bit but 2800 needs broken under and held under that level in order to turn back down for a bit

25 Mar 2019 03:06 pm
could end up being a pivotal area around the 2803 level coinciding with the 50% retracement area there also, and middle of the 11:30 AM-2:25 PM sell off

25 Mar 2019 03:12 pm
needs to continue holding at or above 99-98 at most an order to keep the last 90 minutes run up goingand not failing

25 Mar 2019 03:20 pm
backing off from just a bit under 2807.50-2808.50, holding at or over 2803-2802 area this has a shot at testing/breaking 2807.50-2808.50 key area before the highs. But could be a bounce high is unable to hold 2802 area.

25 Mar 2019 03:30 pm
the ES turned up from the 89.50 level that fill the gap at 2:25 PM and has been in rally mode since then and needs to keep going and take out 2808.50 or else could have an end of day pullback of some sort happen from that 2807.50-2808.50.

25 Mar 2019 03:32 pm
rolling over from the 2807.50-2808.50 updated resistance and will need to go under 2802.50 area and stick if there's going to be a late day drop.

25 Mar 2019 03:34 pm
have a great rest of your day. Update tonight and then beat you here in the morning. Take care!

INTRADAY LOG FOR FRIDAY - MARCH 22, 2019

22 Mar 2019 09:15 am
will stay in downtrend unless a move over 50-51 area can hold around there and keep going up towards 57-58 major area

22 Mar 2019 09:17 am
or hold and turn up around 46.50-45.50 area to get an early bounce attempt otherwise 43.50 or more

22 Mar 2019 09:20 am
I will update a little bit after the open but would expect bounces to fail today.

22 Mar 2019 09:36 am
a bounce from 85.25 and 1 tick under support turned down at 51.75 and needs to get over that level and hold over 49 area and go back up from there to ovoid testing or breaking the low and support. Big resistance at 57.50-58.50

22 Mar 2019 09:44 am
if 52 is not cleared and able to hold around 49 after that it could go back to test or break the low

22 Mar 2019 09:45 am
the low tested but pressure stays on holding under 48 area

22 Mar 2019 09:47 am
low was tested and then 47 sold on a pop-up and now breaking the lows and minor area around 42.50 and then 38-37 if that is broken by much.

22 Mar 2019 09:51 am
almost to 38-37 area and if that is taken out by much and no bounce back up to 43-44 at most or else only chance to bottom right now is getting over 45.50 and sticking over 43

22 Mar 2019 09:57 am
a freefall down to 30.75 and is still bearish holding under 35-36 at the moment

22 Mar 2019 10:03 am
reversal formation but would need to hold 32 and get over 42 and then hold around 40-39 at worst and go back up again. Follow eyes the bounce should fail around 36.50-38 zone

22 Mar 2019 10:06 am
36.50 bounce high at updated resistance area and back to the low area and bouncing from a slightly higher low and still needs to take out the 36.50-38 area and not turned right back down if reached

22 Mar 2019 10:09 am
123/double bottom at the moment and going over 38 needed and hold around 36 after an order to keep bounce going back towards 42 or higher by a little bit

22 Mar 2019 10:15 am
you broken and now needs to hold around the 35.50-35 area or else another pullback would have a chance of breaking the double bottom and then bounce again.

22 Mar 2019 10:19 am
so far we have a low and reversal at 10:05 AM, and often time a turning point for a top or bottom and should be a low in place that holds at the 31.25-30.75 bottoms and stays strong right now holding 35.50 at the moment. Could go back to the is broke

22 Mar 2019 10:21 am
should be headed towards 42.50-43.50 and if that is taken out and able to hold 43 after getting over 45 then still no reversal could keep going to 48 or higher

22 Mar 2019 10:27 am
pull and back from the 43.50 new resistance area headed back towards the lows for the day and would need to get back over 40 and not turned down to get back to neutral at the moment

22 Mar 2019 10:32 am
unless the ES gets back above 43.50-44.50 area now, it will be under pressure. That area should be a pivotal zone to get over. A film bounce holding under 40 keeps is going towards the low or more

22 Mar 2019 10:39 am
if the ES cannot get through 43-44 on this move up then it should come back down again and take out 35-34 if it's going to test or break the low.

22 Mar 2019 10:42 am
turning down from 39.75 and has to get over 40 in oavoid the lows

22 Mar 2019 10:47 am
almost back to the low and it should be broken through but if not then a bounce from a double bottom will be sold anyway

22 Mar 2019 10:54 am
updated support around 28 would need to give a good bounce or keep going to or through the 24 area. But should be a bottom attempt around 28 if 30 is cleared/held off of that 28 area

22 Mar 2019 11:03 am
should still get down to the 24 area and maybe lower fifth this is going to have a better breakdown today and continued a stairstep down pattern with another bounce failing

22 Mar 2019 11:09 am
and could end up being a complete reversal day if 24.50-23.50 is broken the ES happens to go all the way down to 20 which is doable at this pace and the way it's acting so far.

22 Mar 2019 11:13 am
24 touched so far and pressure will stay on holding under 29-29.50 right now and would have to get back over 31 in order to get into neutral territory

22 Mar 2019 11:24 am
the bounce off of 24 support went a bit further than it looks like it should but still has 33.50 that needs cleared and able to hold 32 after that. Still bearish otherwise

22 Mar 2019 11:30 am
has to have a good bounce from the 24 low over 33.50, otherwise still there is a short and should be trying to go all away back to the 19.75 low on the open yesterday and erase all of the gains from a big rally day holding under 32.50-33.50 maximum r

22 Mar 2019 11:34 am
23.50 token lower low quickly turned up, and holding that support and taking out 32.50-33.50 and then holding and going back up from 31 at worst needed to turn around. good chance it's headed towards 20 area or more otherwise

22 Mar 2019 11:42 am
made it down to the 2820 level and 19.75 was yesterdays low and stays under pressure holding below the 24-25 area at the moment down to 18 or more

22 Mar 2019 11:44 am
18.50-17.50 should be a major area today and going through that without getting back over 24.50 and sticking at a minimum

22 Mar 2019 11:52 am
the ES would need to get back over 24-24.50 area now and stay up there in order to have any sort of reversal back up. But an ugly looking market all day and headed towards 12-11 and possibly 2808

22 Mar 2019 11:55 am
almost straight down to the 12-11 area, and so far stopping just above and should be the last could support four today until 2808 and then down at 2802 area. should need to hold under 20 now

22 Mar 2019 12:13 pm
bouncing off 2809.25, just a bit above the 2808.50-2807.50 support and 18.50 area and especially 20 needs taken out and held

22 Mar 2019 12:22 pm
I will be away until around around 1:15 or a little sooner if necessary and then leaving today to call it a week around 2 PM. Right now needs to break/hold over 18 and can't go under 11 again or will take out the low and 2808.50-2807.50 would need I

22 Mar 2019 12:22 pm
Right now needs to break/hold over 18 and can't go under 11 again or will take out the low and 2808.50-2807.50 would need instant reversal

22 Mar 2019 01:23 pm
2806.50 new low but clear n hold 18-20 area n hold to try reversal now.

22 Mar 2019 01:28 pm
I am having some issues bogging down my computer and may have 1 more update in a bit, but no change from last

22 Mar 2019 01:56 pm
after a huge 46.25 point rally yesterday, the ES dropped 59.50 points from its high yesterday so far and took out the 2819.75 early low and has been holding at /under 19.75 on this bounce since around 1 PM, and should breakdown again soon,

22 Mar 2019 02:01 pm
this is going to stay in a trend down mode today as long as it is holding under yesterday's low area which was reached to the tick at 19.75. If the low happens to be broken 2803.25 will fill a gap,

22 Mar 2019 02:04 pm
lastly if there is a move over the 20 level that holds then minor area around 24.52 get over and hold but more important is to get back above the 32-33 area this afternoon to finish well. We had a VIX top at 17.52, quite an extreme from 12.50 early w

22 Mar 2019 02:06 pm
have a good rest of your day. And a great weekend. Take care!
 

INTRADAY LOG FOR THURSDAY - MARCH 21, 2019

21 Mar 2019 09:51 am
the strong run up off of the open should have trouble getting through 33.75 and have a pullback

21 Mar 2019 09:59 am
the very tiny moves up and down needs to hold 9 EMA on the 1 minute chart to keep uptrend from breaking as the 38 resistance could be hard getting through

21 Mar 2019 10:07 am
the 34.25 and 34.50 lows were right at or over the 9 and 18 EMA on 1 minute chart and needs to stall and break uptrend or else keep pushing higher to or through 40 area

21 Mar 2019 10:11 am
this 40 by just 1 tick and backing away and that needs cleared and held to avoid a possible break of uptrend on 1 minute chart and could begin to roll over a bit if not a bounce from that uptrend support

21 Mar 2019 10:16 am
they top at 40 for a while especially taking out 37 and not turning up right back up through 40 and holds up there

21 Mar 2019 10:27 am
a small pullback turned up at 35.50 and needs to keep going through 40.50 and not get rejected to keep upside from fizzling out andpulling back again

21 Mar 2019 10:32 am
only a poke over 40.50 and has to keep going up through 42.50-43.50 or a reversal could happen and right now needs to hold 37-36.50 on a pullback or top likely in for a bit

21 Mar 2019 10:37 am
should get to and take out 42.50-43.50 or will have a failure up here and pullback to the 38.50-37.50 area possible, and would need to hold there if reached

21 Mar 2019 10:38 am
could be a high for a while if the ES comes down through 38 and not an immediate bounce back over 40 and hold. Update in about 10-15 minutes if necessary

21 Mar 2019 10:52 am
backed away from 42.50 resistance down to 39.25 and 39 needs broken and held under or uptrend still in tact and could test 42.50-43.50 area but should have a hard time breaking and holding over that area now unless it's going for 48-49 area next

21 Mar 2019 10:55 am
43.75 could be a high but has to come down and take out 39 or uptrend still intact

21 Mar 2019 11:01 am
should keep getting bid up holding over 44.50 area now heading up to 48-49 area or a tiny bit below/above

21 Mar 2019 11:11 am
touched yesterday's high and is backing away and could be a double top for a while but only by coming back down through 44-42 area and not able to bounce back

21 Mar 2019 11:13 am
at the moment that looks like there needs to be a bounce from 46.50-46 area at worst here or else have a better pullbacks possibly to or through 43.50-42 area

21 Mar 2019 11:18 am
bouncing from 46 updated support and will need to take out 50 and stick, otherwise a lower high that is turned down could start a pullback after making a topping pattern

21 Mar 2019 12:11 pm
my apologies, but my system locked and I am just now getting my system set up and see that 56.50 has been reached and now has to hold around 52 and 49.50 at worst to keep going strong to take out the high otherwise could breaking and holding under 52

21 Mar 2019 12:19 pm
double top could be in place with this turning down from the lower high at 56.50 and now stalling and pushing lower which is a change from other action most of the morning but first from an extended level

21 Mar 2019 12:20 pm
bigger picture a good reward versus risk trade on the short side with this being a double top

21 Mar 2019 12:39 pm
again my computer just about locked up and it's my brokerage connection, and I bought some put options and plan to hold these unless still above 45.50 there the close, then I might go on to either cover or add.

21 Mar 2019 12:41 pm
anyhow, needs to take out that 45.50 and hold next if going to get a breakdown from up here. A bounce should not get back over 51.50-52 longer than a few seconds it appears, or could to the high/double top instead of rolling over from up here

21 Mar 2019 12:46 pm
I need to take a quick break for lunch and then leave today around 2 PM roughly. Right now a bounce from 46.25 needs to take out 51-52 and stick at or over 51 if it's going to try for the high and not fail under a current bigger picture double top

21 Mar 2019 01:17 pm
anyhow, needs to take out that 45.50 and hold next if going to get a breakdown from up here. A bounce should not get back over 51.50-52 longer than a few seconds it appears, or could to the high/double top instead of rolling over from up here

21 Mar 2019 01:20 pm
just reached 54.25 and is backing away after a nice move back up from just above the 45.50 support, and has a chance to take out the high and try for the 58 area but only if they hold over 52 area, not go under and hold under 52 which could start a r

21 Mar 2019 01:34 pm
I will be back around 2 PM but very close to wrapping up the day. This should keep on going even if there is another double top as long as the ES doesn't pullback under 51-50 and hold and 58-59 possible if a break of the highs

21 Mar 2019 01:36 pm
there needs to be a lower high here at 55.75 stick and come down and take out 51-50 without turning right back up or else there's a chance to take out the double top and go for 58-59 or more before turning down.

21 Mar 2019 01:37 pm
there should not be too much more upside though. Up to 2862-2864 on the S&P 500 cash, which is currently at 2849. Certainly should not get that far today.

21 Mar 2019 01:38 pm
I will come back around 2 PM roughly and then that will probably be the last of the update for today. Right now needs to hold under 55.75 and take out 51-50

21 Mar 2019 02:02 pm
the ES has been grinding higher and just made a token higher high and was immediately sold again. It looks like a topping process is possible, but 51.50-51 needs broken, hold under 52, or could keep trend up move going to or through 58-59 next

21 Mar 2019 02:05 pm
this has been a strong up day with only one pullbacks along the way that held the 46.25-45.50 support, and now holding at higher lows at 53 and 51.50 and 51.00, breaking that area/holding needed to dent trend up to/thru 58-59

21 Mar 2019 02:10 pm
have a good day. I will send a quick update tonight and then meet you here tomorrow sometime around the open.
 

INTRADAY LOG FOR WEDNESDAY - MARCH 20, 2019

20 Mar 2019 09:38 am
a short under 32-33

20 Mar 2019 09:44 am
bounce from initial major support area having a hard time getting going and the ES still will need to get over 32 and hold that level after taking out 34-35

20 Mar 2019 09:46 am
bigger picture it's going to need to take out 36 and hold around 32 maybe at the worst to get something going on the upside off of support

20 Mar 2019 09:52 am
needs to keep holding over 27.50 and take out 32-33 area and hold around 32-31.50 and go up again to keep from a breakdown of some sort and go for the 37 area

20 Mar 2019 09:53 am
I will update in about 10 minutes or so. At the moment it looks like the ES will be okay if it can hold 29.75

20 Mar 2019 09:53 am
and take out 32-33

20 Mar 2019 10:03 am
went under support with no momentum at all and if it can't get over 32 and not get turned right back down it should have a low in place at least for a while

20 Mar 2019 10:06 am
31-32 is going to be a pivotal area and needs to be cleared and held in order to attempt a bounce of some sort otherwise back to the low or lower just needs momentum

20 Mar 2019 10:08 am
strange action but there should be a low in place for now as long as 28 area holds now

20 Mar 2019 10:10 am
should not get through 34-35 area on the first bounce and pullback needs to hold at or over 28.50-28 area

20 Mar 2019 10:11 am
unless the 32-33 area is broken and held this is going to be vulnerable to go back under 28

20 Mar 2019 10:14 am
could be going to test or break the low on this move especially if the Dow breaks down

20 Mar 2019 10:19 am
double bottom in a slow moving market but a failed bounce under 30 area should go to around the 24 area taking out the lows and not immediately turning up

20 Mar 2019 10:23 am
28.50 area could be a pivotal area now and pressure is on holding under at the moment. Would need to get over 28.50 and hold. Heading towards 24

20 Mar 2019 10:26 am
bounce off of 25.25 has to go over 28.50 pivotal area and could be out of trouble for a bit if it does and then holds at or over 27.50-27 at worst and goes up from there

20 Mar 2019 10:32 am
has has to keep going through the 32-33 area and needs to hold 29-28.50 to have a chance

20 Mar 2019 10:33 am
a bounce that follows should be sold if 28.50 is broken again

20 Mar 2019 10:38 am
32-33 is the key and possibly pivotal area that needs to be broken through and held in this slow moving market that so far cannot hold gains or the door still would be open to test or break down towards 24 area

20 Mar 2019 10:46 am
the ES has been in a range so far holding and turning up from the little under the 27.50 support but holding under 31.50-32.50, and right now it looks as if 27 holds could test or break the top side

20 Mar 2019 10:46 am
update in about 10-15 minutes if needed but looks like a low should be in for a bit

20 Mar 2019 10:55 am
backing away from just under 32-32.50 resistance at the moment and needs to hold around 29.50 area if it's going to push through with a chance of holding but needs to stay above that area and go up again or could be pulling back/reversing

20 Mar 2019 10:58 am
29.50 area needs to hold to avoid possible reversal/pullback and get over 32.50 area and hold 31.58-31 area after that if going to push higher

20 Mar 2019 11:09 am
33 reached and rejected and now needs to hold at 31-30.50 or else could break down a bit

20 Mar 2019 11:11 am
and now a high should be in for a while at 33 and not get over and hold and test or break 29 area. Might depend on how the Dow cash goes, and right now it's chart just turned bearish

20 Mar 2019 11:17 am
29-28.50 minor support and then 27-26 area needs to hold to avoid breaking the lows

20 Mar 2019 11:24 am
my voice software is lagging by about 45 seconds or more right now so until I can reboot and reopen all programs I will have to the update only if enough time to be useful. A bounce from 28.75 updated support still has 32.50 to break/hold or go back

20 Mar 2019 11:25 am
still has 32.50 to breakthrough and hold or go back to test or break 29-28 area

20 Mar 2019 11:39 am
so far the ES only poke over the 32.50 resistance for a millisecond and came down and just reached the 28 level and needs to avoid a break of that or else could test or break the low at 25.25 and maybe see 24-23 area

20 Mar 2019 11:52 am
a token lower low gave a bounce so far but holding under 28-28.50 should keep pressure on to test or break 24-23 or more

20 Mar 2019 11:57 am
this could turn out to be a bad day is this holds under the 26 area now or at least go down to test the next support around 18-17 and major area today for a bigger breakdown

20 Mar 2019 12:08 pm
there is resistance to get over at the 26.50-27.50 area now, and hold over that area instead of turning down if there's going to be a better bounce and not go down to the 18 area at least right away

20 Mar 2019 12:09 pm
I will be away until about 1:10 PM and update if possible or necessary but rather doubt it at the moment. I'll do my best. 2 PM should get more volatile

20 Mar 2019 12:37 pm
after reaching and turning down from 26.50 resistance there was just a plunge down to the 18-17 major area and now there is some resistance around 22 and holding undergoes down to test or break that support

20 Mar 2019 12:46 pm
the ES just made a 123 double bottom at the bottom side of 18-17 major area down there, and tested for broken holding under the 23-24 area and if broken the 26.50-27.50 area will need taken out

20 Mar 2019 12:51 pm
right now 20.58-20 needs held to keep going to or through 23 and if broken still should not get back above 26.50-27.50 and unless attempting to break current downtrend and can by holding 25.50 area turning up after. I will update in about 20 minutes

20 Mar 2019 01:48 pm
Having voice software issues and need 15-20 minutes to reboot and right now the ES needs to get over 26.50-27.50 and hold at or over 25.50 at most then. Back in a bit

20 Mar 2019 02:13 pm
right now 20.58-20 needs held to keep going to or through 23 and if broken still should not get back above 26.50-27.50 and unless attempting to break current downtrend and can by holding 25.50 area turning up after. I will update in about 20 minutes

20 Mar 2019 02:18 pm
Apologies. The ES shot up to the 43 level and needs to hold at or over 36.50 or else keep coming down to or through 32.50 area

20 Mar 2019 02:25 pm
the ES did not stay over the top of the 41-42 area very long and pullback to 36.50 so far can be going lower to or 35.75 quickly turned up and needs to take out 41-42 area and not turned away but go through and hold, otherwise come back down to 33-32

20 Mar 2019 02:28 pm
this new high should be sold into and come down under 40.52 or through 38.50 area and if not a break through then bounced back to another token higher high at least

20 Mar 2019 02:33 pm
should go for the 48.50 area which would be 75% retracement as long as it holds over 48 area now

20 Mar 2019 02:35 pm
as long as it holds over the 42 level now, to get to the 48-49 area which is about 75% retracement area.

20 Mar 2019 02:46 pm
back away from 48.25 and 75% retracement from the 58.75 high on to today's bottom at 17.25 major support area go trend up move as long as 45-44 area is held on a dip then going up and making new high

20 Mar 2019 02:50 pm
the area around the 18 EMA on the 1 minute chart should be uptrend support to break to get this headed back down

20 Mar 2019 02:54 pm
if this cannot get over 50 some and it's likely going to come down and take out the 44.50-44 area

20 Mar 2019 03:05 pm
pop-up today lower high quickly turned down and if the move keeps going through 40.50 it can go on down towards the 37 area which will be important to hold or else a better reversal underway

20 Mar 2019 03:10 pm
this bounce from 39.25 should be sold at or under 43.50-44.50 area now in order to keep this from going back to a little bit under its highs and being rejected again

20 Mar 2019 03:18 pm
the ES is trying to bounce from the 39.75-39.25 area and a failure and pullback can come from 43.50-44, and then needs to hold at or just above 36-35.50 area for else come down a bit further to 33-32, and if no rebound then

20 Mar 2019 03:28 pm
went over 48.50 by 3 ticks and left tails on the 2 tiny pops over 48.50, and now coming down after a bounce up to 43.75 sold and taking out 39.25 can keep going to 38 and then 36 or more on a late selloff

20 Mar 2019 03:38 pm
to get some sort of last hour bounce the ES will need to hold at or above the 26-25 area at the most and bounce from there. If it goes any further, then it has gone too far and could keep going. A bounce will have resistance at the 39-40 area, and ne

20 Mar 2019 03:39 pm
have a great rest of the day. I'll send an update tonight and then meet you here until cut a out early on Thursday and Friday. Take care!
 

INTRADAY LOG FOR TUESDAY - MARCH 19, 2019

19 Mar 2019 09:25 am
good morning. There will be a big gap up open and should come down to that area going across the lines on the chart to lowerI

19 Mar 2019 09:25 am
I will update in about 20 minutes or so after the open

19 Mar 2019 09:43 am
could get some more downside with the momentum behind the move. Would need to go over 49.52 change that

19 Mar 2019 09:56 am
pressure should stay on now holding below 49.75 area, if broken then there could be a move up to the 52 area or more

19 Mar 2019 10:00 am
this should be working its way down towards filling the gap at 42.50-41.50 area

19 Mar 2019 10:10 am
to avoid filling that gap early in the morning need a move over 49 that only has been small pullback after could be going up to test or break the 52 area but might be hard to move that is that zone

19 Mar 2019 10:20 am
this should be headed to test 52.50 area which is just over the high and pivotal area where it could come back down from, or from just a token higher high or else keep plowing up towards 54

19 Mar 2019 10:22 am
backing away from the 52.50 area and should hold 49.54 above or else breaking 49 could keep going down to 46.50-46 or more

19 Mar 2019 10:25 am
consider the 52.50 level given as 52-53 zone and should not go above that and stick now and could be a high for a while taking out 49 area and not getting turned right back up again from around there

19 Mar 2019 10:35 am
with the reversal coming from resistance and dropping down to test the early low area so far,could go towards filling the gap but would need to take out 45-44 and hold at or under 46.50-47.25 area on a bounce attempt.

19 Mar 2019 10:36 am
but going over 50 and holding could then test the 52-53 area and then either back away for made higher highs

19 Mar 2019 10:43 am
if unable to hold at or over 50 very long could come back down to or a little above 46.75-46.25 low area before going up again. 50 needs taken out and held to make it through 52-53 and attempt holding

19 Mar 2019 10:47 am
unable to hold over 50 and pulled back to 48 so far and a 6.50 point range so far and still needs to get over 50 and stick as the VIX went under 12.80 and has turned up also

19 Mar 2019 10:48 am
would need to go over 13 for this to have any pressure on though

19 Mar 2019 10:51 am
should be under pressure and push lower holding under 52 test or break the low area unless 50 broken now

19 Mar 2019 10:53 am
47.75 pullback low so far and if there is a move over 50 that gets turned back down again then 47.75 will be key area to hold to avoid possible breakdown attempt to fill the gap at 41.50 possible

19 Mar 2019 10:56 am
if this can go under 47.50 and not get turned right back up then it should have a good chance to take out the low area and if 44 area is reached and not turned up then opens the door to the 42-41 area

19 Mar 2019 11:04 am
made it to 44.50, barely holding 44 area so far and still should be going for the gap fill area if they hold at or under 47.50-48.25 area and turn down

19 Mar 2019 11:12 am
backing away a bit from a 47.75 bounce high so far and needs to take out 45-44 area and not another quick reversal up if going to fill the gap or come close

19 Mar 2019 11:14 am
that is likely going to be a low for a bit and might try for the 50 area or a little bit below, as a move through 50 with momentum could go right to 52-53 resistance/high area

19 Mar 2019 11:18 am
49 had sellers come in around there after pullback from the high, should be taken out soon if this is going to have a chance of taking out 50-50.50 and holding at or over 49 after if headed to or through the highs

19 Mar 2019 11:28 am
should hold at 49 or higher on a dip and go up again to avoid another reversal attempt or pullback

19 Mar 2019 11:31 am
another pop and drop over 50 and should be bearish on bounces that go over 50 and come back down through 50, as it needs held in order to make upside progress from here to test or break the high at resistance

19 Mar 2019 11:37 am
need to hold 50 and especially 48.50 -48 area now to avoid another pullback and instead try for the high after a small pullback

19 Mar 2019 11:47 am
needs to keep going up through the high, a lower high and reversal would be a 123 type of top and could set up decent pullback, although there are range and could be going up to 54 then 58 area.

19 Mar 2019 11:51 am
we had a gap up open and a double top of sorts, reversing from token higher high and now easily went through the high to 53.75 so far and if 54 broken easily to, 56.50-58 major bounce resistance area

19 Mar 2019 12:06 pm
the ES made it into the 56.50-58 area and is about 11-13 points from what should be a major bounce resistance area and prior breakdown area after the all time high was made. 2862-2864 on S&P 500 cash, + ~6 points to get futures price around 68-70 tha

19 Mar 2019 12:09 pm
should be a pullback towards 54-52 area going under 56 and not turning right back up. Should hold their two stay in a strong position

19 Mar 2019 12:11 pm
I will be back around 1:10 and will update if possible before then. right now going under 56.50 and sticking under 57 should put some pressure on to go to 56 minimum and should hold around 54-52 new support to avoid a reversal attempt

19 Mar 2019 12:29 pm
if the ES comes back down to the 53-52 area it will have come too far and left a top in place, and probably has already, but if a bounce turns down at or just under 58.75 and breaks the low of the high bar on the one minute chart for 123 top

19 Mar 2019 01:14 pm
we had a breakdown when the 53-52 zone was broken and went right down to 41.25 and snapped right back and is almost to the 52-53 area again which should be sold into or else fail at a bit higher up. Has to go under 48 and stick if downside going to t

19 Mar 2019 01:15 pm
getting to the 41.25 level also fill the gap at the 41.50 high from yesterday, and with that mission accomplished we are getting this run up and cute resistance at 53 area

19 Mar 2019 01:27 pm
breakdown area at 52-53 and could roll over again unless broken above and held by taking out 48 and not turning right back up but holding under that area after breaking with a bit of momentum. Has to take out 52-53 and hold 52 area for a run on the u

19 Mar 2019 01:35 pm
pullback so far holding 48 to keep it from reversing down and giving it a chance to test or break 52-53 if not broken through 48 although may not be able to stick

19 Mar 2019 01:42 pm
it's prone to roll over holding under 51 area now down to or through at least 45-44

19 Mar 2019 02:00 pm
the ES has come down to 46 so far and needs to stay under 48.50 and take out 44.50 if there's going to be a move back towards the lows and not another rebound towards 52-53 if that area is broken and held

19 Mar 2019 02:14 pm
with 44.50 breaking this can still go to test or break the low area holding under the 46.50-47 area. Only a low at 43 that's immediately turned up a chance of avoiding further breakdown

19 Mar 2019 02:17 pm
watch this as it approaches 41.50 area, if no sign of a turned then could take out the 41.25 low and keep going to or through the 40.50 close from yesterday or lower most likely.

19 Mar 2019 02:19 pm
double bottom attempt at the and even though the market has been able to bounce back from all of the selloffs lately this one should be harder to rebound from, has to go back over 48 area which could become pivotal in this range now

19 Mar 2019 02:22 pm
we have a 123 type of bottom and a reversal bar if this holds over 43.50 and goes back up from there or higher at least back over 46 and hold and especially 48 area, otherwise could come back down to test or break said 123 /double bottom

19 Mar 2019 02:23 pm
update in about 15 minutes as need to be away my apologies

19 Mar 2019 02:28 pm
with the ES making a bullish pattern on a day where the market has not acted particularly bullish intraday, although IS still bullish as long as the gap fill area and now double bottom able to hold. With 90 minutes left, could break

19 Mar 2019 02:39 pm
with the double bottom and turning up at 2:25 it is the normal time for a reversal of attempts and this needs to keep going up over 48 and not get turned away if it's going to be able to last until the last 45-30 minutes,

19 Mar 2019 02:48 pm
this run up needs to keep going through 48 and if it does not take out the 52-53 area that will stay in a trading range between a resistance and support, get sorted out before Fed meeting tomorrow.

19 Mar 2019 02:48 pm
Could be topping by going over and back under 48 but needs to hold under 48.75 and keep going under 46 at looks to reverse backdown
19 Mar 2019 02:49 pm

update in 15
19 Mar 2019 03:11 pm
the way that the market has been acting today it should end up taking out the now triple bottom

19 Mar 2019 03:13 pm
there will need to be a blastoff that doesn't just go over 48.50 and reverse. Need to have a strong run up get over that area, breaking and holding over 46 first otherwise headed towards the 38.50-37.50 area next

19 Mar 2019 03:22 pm
took out 37.50 bottom of support on the way to the 36.75 levels so far, bottom of that initial support and headed to or through 33.50-32.50 if this continues and the last 30+ minutes of trading

19 Mar 2019 03:24 pm
the ES would need to stop and make a reversal of trend back above the 41 level at least and not turned down from there but hold and keep going after getting over. It should not do that to stay bearish and sell off further to or through 33.50-32.50

19 Mar 2019 03:26 pm
or lower if it goes into the close instead of turning around and bouncing into the close, not looking very likely and should stay with any shorts that might set up.

19 Mar 2019 03:28 pm
so far reached 34.50 and will be taken out if a bounce fails to clear and hold the 41-42 area the remainder of the day.

19 Mar 2019 03:36 pm
stay short with this having a chance of going through 33.50-32.50 and having a better breakdown holding under 37.15 now

19 Mar 2019 03:37 pm
37.50-38.50 is bounce resistance and then 41.50-42.50 just in case that's broken, but should continue pushing a until the last 10 minutes or so if no turn from 33.50-32.50 support zone here. Take care

 

INTRADAY LOG FOR MONDAY - MARCH 18, 2019

18 Mar 2019 09:27 am
the ES is almost going to need to bounce from the get-go if it's going to make a rally early in that drop down to or under 28-27 area

18 Mar 2019 09:35 am
29.75 Friday's close new major support to hold over

18 Mar 2019 09:47 am
should stay strong as long as it holds over 34 area now probably have the worst

18 Mar 2019 09:51 am
it's 34-33.50 area needing to hold or else could be a reversal of trend

18 Mar 2019 09:53 am
timeframe from 9:50 until 10:10 is often times a reversal of trend

18 Mar 2019 10:00 am
this stays strong as long as 36 is held above right now

18 Mar 2019 10:09 am
37.50 area needs to hold now or else could begin some kind of pullback

18 Mar 2019 10:12 am
could be a high in place for a bit and come down through 37.50-36.50 area and bounce or breakdown of bit more

18 Mar 2019 10:20 am
there is some minor support around 37-36 Friday high area that should be broken if going back up to test or stop just under the 40.75 high

18 Mar 2019 10:24 am
need to get through 40 and not turned down from that area, otherwise a topping pattern and a move under the pullback low at 35.75 could keep going to or through 33.50 area maybe more

18 Mar 2019 10:43 am
reached 35.25 token lower pullback low and would need to get back over 38 and not get turned right back down to get another run up towards the highs to be possible, but likely fail under the high

18 Mar 2019 10:46 am
should be a bounce high now and lower pullback low needed to keep stairstep lower

18 Mar 2019 10:47 am
35.25 needs to be broken in order to have a break down otherwise door open to run up towards the highs again

18 Mar 2019 10:50 am
could be a pullback or reversal pattern if a downturn from 40 area or just under that otherwise should still be strong holding over 38.50 The moment

18 Mar 2019 10:52 am
38.50-38 area would need to hold at worst it looks right now

18 Mar 2019 10:57 am
a little token higher high quickly turned down and holding under 40 should keep some pressure on at the moment and break under 38.50-38 area could start decent pullback again

18 Mar 2019 11:03 am
40 rejected and has to take that out and hold above that otherwise a pullback to or through 36.50-35.50 or more again possible

18 Mar 2019 11:06 am
the 37.50 level can be pivotal under 40 as they support to hold if it's going to have a chance to get back up there or higher, but if not then taking out 37.50 can to/through 36.50-35.50

18 Mar 2019 11:12 am
inability to get over 40 and stick keeping this under pressure and taking out 37.50 can open the door to test or break the 35.50 pullback low area and if broken 32.50 area or just above/below next

18 Mar 2019 11:19 am
pressure will stay on holding under 37.50-38 area now, 37.50 area pivotal area and breakdown holding under 36 would mean going to or through 32.50 or more possible and

18 Mar 2019 11:23 am
making it to the 32.50 area and still will be under pressure to be sold down to 31.50 or more holding under 35 area now

18 Mar 2019 11:27 am
so far the ES almost to the Friday close at 29.75 and should test or break that area holding under 31.50-32.50 area which needs broken and held now to get a bounce attempt of some sort that fails under 35-36

18 Mar 2019 11:36 am
31.25 bounce high and turned down again to take out Friday's low again and this time needs to take out 27 area and if it's going code towards the 23.50 area

18 Mar 2019 11:44 am
27 area held with a 27.50 low so far and a bounce here needs to keep going up through 31.50 area and hold or else come back down to test or break the low area

18 Mar 2019 12:00 pm
took out 31.50 and reached or else 32.75 and needs to hold 30-29 or could test or break the low area. or a move over 32.75 that holds 31.50 could go up towards 35.50

18 Mar 2019 12:04 pm
trying to hold over 29 and doing so so far but unless 32 is taken out and able to stick still vulnerable for a move back to or through the lows

18 Mar 2019 12:10 pm
bounces should keep failing holding under 32 at most and if the 27.50-26.50 area does not hold then look for 23.75-22.75 area or more

18 Mar 2019 12:12 pm
in order to change then it should turn up from 29 area and/or take out 31.75-32 and stick in order to have a run up but attempt of some sort before being sold again

18 Mar 2019 12:19 pm
updated support at 29 has been holding and becoming important area to hold but must get above 31.50 and hold if there's going to be a better bounce that fails around 35.50-36.50 or a little lower.

18 Mar 2019 12:23 pm
I will be away until around 12:20, but will update if possible although not very likely. 29 new support must keep holding and take out 31.50 and order to try a bit higher before another pullback

18 Mar 2019 12:57 pm
updated support at 29 has been holding and becoming important area to hold but must get above 31.50 and hold if there's going to be a better bounce that fails around 35.50-36.50 or a little lower.

18 Mar 2019 12:59 pm
so far the ES has bounce from the 27.50 updated support to the 35 updated resistance and needs to get above 35 and hold 34 area and go back up again from there if going to break through that new resistance

18 Mar 2019 01:00 pm
should be a bounce high in place by the way it looks right now, has to get over 35 and be able to hold around that area after getting through to keep moving higher a bit longer

18 Mar 2019 01:25 pm
pullback needs to hold and bounce from 32.50-31.50 area at worst or else have a better pullbacks or drop to or through the lows around 27.50 area. But a bounce from there can go over 35-36 area and possibly hold up there

18 Mar 2019 01:44 pm
going through 35-36 and stays strong holding over 34.50 area for now on up to test or make a slightly lower high

18 Mar 2019 01:55 pm
with this popping up to 36.50 so far it's going to need to keep holding around 36-35 otherwise this could turn out to be a bounce high instead of keeping on moving up over 37.50-38 next and possibly tests 40-41

18 Mar 2019 02:03 pm
stopped out and a bounce should fail if there is one

18 Mar 2019 02:08 pm
good selling coming in after a token higher bounce high and unless 36.50 is taken out and then held on a dip and go up again from 35.25 at worst

18 Mar 2019 02:19 pm
needs to keep dropping down and take out 33-32.50 area without springing right back up so far off of that bounce top only a small pullback that could turn bullish getting back over 35.50/holding several minutes minimum

18 Mar 2019 02:22 pm
has not broken down yet but still holding under 35.50 and under some pressure unless 35.50-36 is broken with some gusto, otherwise could be another decent pullback in the last 90 minutes or so

18 Mar 2019 02:29 pm
turning up and needs to keep holding 34 otherwise taking out 34-33 on such a narrowly traded day (except for a 40+ minute drop from high to low) could start another pullback. Needs to move back over 37 with some momentum to stick on this bounce

18 Mar 2019 02:35 pm
there is a chance of a bounce from around 34 but right now if this cannot get back over 36.50 it's going to be vulnerable for a pullback of some sort

18 Mar 2019 02:37 pm
at the moment buyers are nibbling just above 34 and now unless broken with buyers backing off the ES might have a shot at getting through 36.50 and possibly trying for the high area late

18 Mar 2019 02:45 pm
needs to have enough momentum to hold at or above 36 on a dip now and go up again, otherwise going back under 36 could be starting a reversal attempt

18 Mar 2019 02:54 pm
37.75 was reached and stalled and backing away and needs to hold around 36 area and take out the 37.75 bounce high and stick to try for the 41 high of the day. However breaking 36 should mean high in place and another bounce fails for a late day pull

18 Mar 2019 03:03 pm
rolling over a little bit at the moment and still needs to hold under 37 and take out 34 area for a bigger pullback or breakdown in the last hour or so

18 Mar 2019 03:09 pm
needs to take out 34 otherwise could have a bounce and then come back down again

18 Mar 2019 03:10 pm
but up that will stay bearish holding under 36.50-37 area now

18 Mar 2019 03:20 pm
bouncing back from 33 low area around 1:20 PM, and important to hold and the last 40+ minutes if this is going to keep its head above water and not go back down towards 29.50 Friday close area, which could happen if 33 broken/held

18 Mar 2019 03:26 pm
looks like this will go down to far before getting buyers to come in, but acting like there should be good selling into any kind of bounce that's not strong enough to go through 36 and stick

18 Mar 2019 03:27 pm
at the end of the day it looks like the ES needs to stay over the 33 area in order to ovoid a possible poor close. If it cannot get over 37 and stick, there's a chance it could go down there but would need to start soon

18 Mar 2019 03:28 pm
have a good rest of your day. An update tonight and then I'll meet you here around the open sometime tomorrow. Take care!
 

INTRADAY LOG FOR FRIDAY - MARCH 15, 2019

15 Mar 2019 09:31 am
the higher open is going to take out 17-18 and needs to hold 17's area and turned back up to ovoid coming down towards yesterday's close

15 Mar 2019 09:34 am
there doesn't look to be a whole lot of upside from here

15 Mar 2019 09:44 am
18.50 is just 2 ticks over yesterdays suggested entry at 18-19 area and if you happen to be short from that area exit is

15 Mar 2019 09:45 am
this should be okay now as long as the ES holds at or above 20.50-20 area at most

15 Mar 2019 09:55 am
must avoid breaking and holding under 23 or else could begin to roll over a bit

15 Mar 2019 09:57 am
there is some resistance at 25 and that my and of being a high for a while

15 Mar 2019 10:06 am
came down from 25 to 19.50 so far and really shouldn't go much further than that or else is likely to come down to test or break the 18.50 low

15 Mar 2019 10:08 am
update in about 10 minutes or so

15 Mar 2019 10:14 am
bounce off of 18 could be a low for a little bit now but has to get over 2020.50 and stay up there for a while – not reverse from that area

15 Mar 2019 10:36 am
this can come down to or through 20 and if broken instead of a bounce then has to hold around 19.5 or a new low possible

15 Mar 2019 10:41 am
it looks like bounces are not going to stick and would need to go over 23 again and hold then turns up 18-17.50 otherwise headed back to test the low and if broken the 16-15 area again

15 Mar 2019 10:46 am
this bounce should stop you there at 20.54 keep going up to the 23 area again and could fail around that area and if not been a outside chance at test of the high

15 Mar 2019 10:49 am
turning down from 1 tick over the 20.50 updated resistance and has to break and hold under 17.50 if there's going to be a continuation to or through 16-15 or more

15 Mar 2019 10:53 am
has to go back up and take out 20.50 and stick instead of turning right back down from that area to have any chance at taking out 23 and a test of 25 high of the day

15 Mar 2019 10:54 am
but if this holds under 20.28 keeps pressure on to breakthrough the 17.50-17 low area down to 16-15 or more

15 Mar 2019 11:03 am
looks like as long as a pullback holds 18.50-17.75 area it will avoid any kind of breakdown and keep pushing higher at the moment. still needs to go over 23 and stick to get upside going and not a failure at that area

15 Mar 2019 11:10 am
20.50 should be new support now on a pullback to keep this uptrend intact

15 Mar 2019 11:21 am
26.50 major resistance area has been tested and should have a small pullback but not take out 23 or a bounce after that could fail

15 Mar 2019 11:26 am
ES needs to go back under 25 area and hold under that after coming down through if it's going to leave a top in place and should take out 23 and especially 21.50 without a good bounce if reversing

15 Mar 2019 11:35 am
the 26.50 high matches 26.50 Wednesday high and has support around 23 area that needs held now in order to have a chance for another move up and not come down to or through 21.50 which would be pivotal area up here

15 Mar 2019 11:45 am
should be still strong holding over 24 area right now and taking out 23 and holding under 24.50-25 should be a turn to the downside. Otherwise could another move up test 26.50

15 Mar 2019 11:52 am
the ES just blew through the 26.53 or high and should stay above that area now and if the 30.58-32 area is broken through also, parabolic up towards 36-38 a possibility. should pullback some, but stay with trend up as long as 26-25 held

15 Mar 2019 11:54 am
the quick run up made it to the 30.50-32 zone and was straight up and now backing away but should not go much further than the 28-27 area, not take out 26-25 otherwise another bounce fails

15 Mar 2019 12:00 pm
so far 28 held however a bounce that turns down from a lower high under 31.25 would be a possible 123 top pattern for a another pullback and possible top if there is a break and hold back under 25 area

15 Mar 2019 12:11 pm
melt up kind of move after the pullback held and turned up from the 18-17 prior resistance/new support and especially going through 26.50. So far held 28, needs held on a pullback or top possible, for a bit anyway

15 Mar 2019 12:13 pm
I will be away until around 1 PM and will be calling it a week beginning around 2 PM roughly right now market stays strong holding 28

15 Mar 2019 12:40 pm
melt up will keep on going unless a break and hold below 31.50 area and especially 28 area. 36.50-38.50 broad area above next important resistance for today at least.

15 Mar 2019 12:56 pm
the ES popped up and touched the 36.50 resistance and immediately turned down. That could be a top for a while at least especially holding under 34.50 area

15 Mar 2019 01:01 pm
the 36.50-38 area is going to be the last major area to clear today, and could be a top if the 31.50-31 area is broken, and then holds at or under 34.50 area on a bounce attempt and turns back down

15 Mar 2019 01:19 pm
ES is going to need to hold 32-31 in order to avoid a possible top being in place for a while unless this is going to be a trend up move into the last hour or so. With the high coming in being rejected at a resistance it certainly appears a top

15 Mar 2019 01:29 pm
this is going to break down if it cannot get back to 33.50 without turning down again and go for the 28 area most likely or maybe a bit above or below ~26.50

15 Mar 2019 01:57 pm
with the ES rolling over from a lower high it should be breaking down through 31 seven and if so had towards the 28 area and possibly test or break 26 also

15 Mar 2019 01:58 pm
33.50-34 should be hard to get back above and hold now. If there is a new downtrend starting and a top at resistance is going to stay in place

15 Mar 2019 02:07 pm
should hold under 32.25 at the moment in order to keep pressure on to test or break the 28 area. Ideally should hold under 31.25

15 Mar 2019 02:09 pm
that's very close though, has to get over 32.25 without turning right back down if there's going to be some pressure taken off for a while and maybe try for the high area.

15 Mar 2019 02:10 pm
if it is under good pressure still then it will stay under 31.25, but getting over that needs to keep going through 32.25 for still headed to or through 28 then 26 area key support to hold

15 Mar 2019 02:17 pm
I have about 15 minutes and then need to go for the day. It appears we have a top in place for today as long as 32.25 is not broken with gusto and takes out 35

15 Mar 2019 02:21 pm
My voice software has bogged down and now lagging by about a minute or so, and just about time to call it a week here. There's going to need to be a bounce from 29-28 it looks, otherwise a break the low 28 should see 26 or more.

15 Mar 2019 02:25 pm
31.50-32.25 would be a minor area to get back above and hold to try getting into an uptrend again otherwise keeps coming down with bounces failing. And the VIX keeps plummeting, 12.50 mega extreme, and possible closing under 26

15 Mar 2019 02:27 pm
27.75 reached and attempting a turnaround and first has to get over 30 and hold 29 for a chance of going to or through 31.50-32.25 or more

15 Mar 2019 02:32 pm
with the bounce going from the 28 area, that will be important to hold but especially the 26 previous double top and breakout area. a reversal came from a resistance, only sentiment at an extreme tho. So could be just a pullback here

15 Mar 2019 02:34 pm
have a great rest of the day and weekend! I'll send you an update on Sunday, be sure to read coming into the week. I'll meet you on Monday sometime around the open. Take Care

 

INTRADAY LOG FOR WEDNESDAY - MARCH 13, 2019

13 Mar 2019 09:29 am
good morning. this higher open will likely be sold into right from the get-go or the first 20-40 minutes of trading

13 Mar 2019 09:38 am
this has barely gone up after the open and unless the ES gets over 2808.50 and holds over that level it's going to be vulnerable for a pullback

13 Mar 2019 09:43 am
a high at 2808.75 that should not be broken and and held very long to come down to around the 2804-2803

13 Mar 2019 09:46 am
that there needs to be a move back under 2806 to get a reversal from up here or else get to 2810-2812 at most

13 Mar 2019 09:49 am
should be a high in place a hold under 2809.50 and take out 2806at the worst

13 Mar 2019 09:54 am
this is a strange pattern and looks like 2807 needs to be broken in order to turn things down otherwise heading towards 12 area

13 Mar 2019 09:58 am
the ES is going to need to go back under 2810 and hold if there's going to be a reversal from up here at 2812. I will update in about 10 minutes if necessary otherwise around 10:30

13 Mar 2019 10:07 am
stalling at 12 but a very strong market and would need to go back under 10 just to have and attempt of

13 Mar 2019 10:08 am
pulling back

13 Mar 2019 10:09 am
with a tight stop this will be a short now although watch the 10 area for a possible bounce attempt

13 Mar 2019 10:10 am
if this goes over 12 and holds instead of turning right down then it could be headed towards 16-18 area and top out possibly

13 Mar 2019 10:12 am
breakout attempt over 12 needs to hold at around 11-10.50 or their could be a pullback of some sort

13 Mar 2019 10:19 am
back-to-back small gap up days, and yesterday was two-sided and today should be also and pullback can start if unable to get over 12.50 and break 11-10.50. Otherwise try grinding higher until rejection or 14-15

13 Mar 2019 10:21 am
and 14.25 reached so far and can be a reversal attempt if a break and hold under 12.50 area

13 Mar 2019 10:22 am
could be a top for a while especially coming back down through 12.50 and especially taking out the 11 area

13 Mar 2019 10:23 am
I'm short with stops over the high for now but a higher high probably add to the position as my indicators could be polar opposite of where they were at the oversold extremes that started this rally

13 Mar 2019 10:27 am
holding so far at 11.25 keeps is from a reversal or a bigger pullback as that needs to be broken and held to come back down towards 2808.50-2807 .50 area and maybe more

13 Mar 2019 10:38 am
voice software prob. its gonna stay strong holding 11 but still has to get over 14-15 or else these the door open to break 11-10.50

13 Mar 2019 10:44 am
a high at the 14-15 resistance and leaving a reversal bar on my 5 minute chart and needs to keep coming down and take out 11 and not turned right back up there's going to be a reversal and not just a small pullback

13 Mar 2019 10:49 am
bouncing from 11.50, unless that 11-10.50 area is broken and not immediately reversed back up the market will stay out of trouble, but needs to make a move up over 15 and hold on a small pullback around 13-12.50 at worst and that case

13 Mar 2019 10:54 am
14-15 broken through and should hold at or over 13 area at worst now

13 Mar 2019 11:07 am
should have a hard time getting over 21.50-22.50 if it gets there. A pullback needs to hold the 16-15 area and shouldn't go through 15-14 prior resistance or will look like a top

13 Mar 2019 11:11 am
18 area will need to hold now to keep a strong uptrend intact otherwise would keep going to 17 at least and possibly 15-14 prior resistance – a new must hold support

13 Mar 2019 11:20 am
poke over 20.50-21 and resistance by less than a point and backing away just a tiny bit but going back under 19.50 and holding under 20.50 and then going down again would mean a high in place at least for a while

13 Mar 2019 11:28 am
the ES has been very strong and holding the 9 period EMA as uptrend support and not even getting to the 18 EMA and trend breaks for a bit when that 9 EMA stops being uptrend support and 18 EMA is broken

13 Mar 2019 11:40 am
reversing from 23.25 and just 2.50 points under its swing high for this move so far and everything is still bullish on the charts, at the moment

13 Mar 2019 11:41 am
However could be overbought at the close. The VIX moved up with prices when 15 resistance was broken, not normal and now 13.28 should not be reached and high could be made

13 Mar 2019 11:48 am
the on the 1 have been broken along with the ES turning down from 2 points under its and breaking and holding under 20 could mean going back down to test 15-14 area or more

13 Mar 2019 12:01 pm
appears that holding under 22 necessary to keep pressure on for a move back under 19.25 back towards 18 and possibly 15-14 but that would mean a reversal if that is reached, most likely

13 Mar 2019 12:10 pm
space backspace we are getting a bit of a test of the high but still need to take out 18 in order to have a high in place it looks even though a double top possible.

13 Mar 2019 12:10 pm
I need to be away until around 1:10 PM and will update before then if I can. Not sure when that would be but do my best.

13 Mar 2019 12:20 pm
quick note that it looks like any other bounce from here is going to fail and should be coming back down towards the 16 area and maybe break lower than that

13 Mar 2019 01:02 pm
the ES pulled back to 17.50 and based out 21.50 so far and needs to go through that and hold around 19 at worst on a dip to get back to the 22.75-23.75 high area so far

13 Mar 2019 01:20 pm
a strong market today but a double top possible and some sort of afternoon pullback could happen if that 23.75 is not broken and 2817.50 is broken

13 Mar 2019 01:30 pm
currently a double top in place and needs to hold under 21 and 17.70if it's going to hold under the 23-23.75 double top area

13 Mar 2019 01:42 pm
this looks like it wants to go for the 25.75 high or higher by the way it's acting if it can just get back over 23.75 without coming right back down. If it cannot do that it's going to leave a double top in place at least until testing or taking out

13 Mar 2019 01:51 pm
well just after it looks like a higher high could be the ES turned down from 23 and keeps a double top in place but so far 19.75 tiny pullback holding keeping this from going back towards 17.50 area

13 Mar 2019 01:57 pm
appears that the ES will need to keep holding 18-17.50 area and take out 23.75 with some momentum to get it to or through 26 and would need to avoid a failure and reversal from there if reached

13 Mar 2019 02:09 pm
double top broken 1 tick under thep rior high at 26.75 and will have 22 as support now

13 Mar 2019 02:17 pm
another pullback holding and bouncing from 83.25 and 83 is old resistance/new support area that needs held – now 83-82 has a break of 82.25 breaks upside symmetry and bottom of range starting ~1:20

13 Mar 2019 02:23 pm
with the ES holding over the 22 area right now but could head down there if 23.75-23.25 is broken through and not turned right back up

13 Mar 2019 02:26 pm
a strong trend up move so far today and holds at or around 23-21.50 and immediately turns up after that in order to ovoid a possible reversal of this very strong move

13 Mar 2019 02:31 pm
if the ES close to close right here, the indicators would mostly be overbought and we did have a VIX dropped to 13.30 area and turn up, so we will see but at Tuesday's close we might be within 2 trading days of another turnaround.

13 Mar 2019 02:31 pm
and could be starting early with today's high right at around the major resistance and backing away

13 Mar 2019 02:41 pm
the ES needs to hold the 20.25-19.75 area or else bounces should be sold under the high after that if that area is broken on a failure from 22.50-23.55 area

13 Mar 2019 02:46 pm
in case of already being the start of an overbought pullback/sell off due to the indicators and the VIX be short something – the market just broke support and should be headed to or through the 15-16 area

13 Mar 2019 02:55 pm
if this goes through the 15-14 prior resistance then it would open the door to keep going towards the 12.50-11.50 or 08.50 area

13 Mar 2019 02:59 pm
my voice software is lagging badly, so any update will be without new current info the market is giving. At the moment it looks like the ES needs to get back over 21-22 or else a failure

13 Mar 2019 02:59 pm
and come back down to test or break 14 area and not get turned right back up until lower prices

13 Mar 2019 03:13 pm
a couple of bounce attempts have stopped just under 20 and backed away, and needs to get back over that level and stay as it goes on up through 22 in order to avoid more downside going for 11.50 area

13 Mar 2019 03:21 pm
last update, if no quick reversal back up from 14 area 08.50 area possible

13 Mar 2019 03:23 pm
its bearish under 18.50-19.50 - take care

 

INTRADAY LOG FOR TUESDAY - MARCH 12, 2019

12 Mar 2019 10:06 am
good morning. with 98.50 rejected it should be hard to get over that area and hold very long and the same with 7200 area on the NQ

12 Mar 2019 10:08 am
still is going to be a short under 698.50 down to 90-89.50 area and fill the gap from this morning's open. unusual for this action to follow yesterday's. update in 10 minutes or so if needed

12 Mar 2019 10:16 am
love bounce attempt stop at 96.75 and backing down towards the early low and would need to hold at or under 95.50 go back down to 93 area another time

12 Mar 2019 10:19 am
with the pullback turning up at 93.25 another pullback by to hold that area and go up again and is a good risk investment

12 Mar 2019 10:22 am
up to big picture resistance, or very close to it which is around 2801-2802 at the most and the high at 98.50 still could be a high for a while and another pullback before it's taken out

12 Mar 2019 10:26 am
if a poke over 97.25 not turned down then 98.50 could be tested or broken by a little bit and then likely turned down if 2802 is not exceeded

12 Mar 2019 10:33 am
made it to 2801.25 resistance zone and now would need to come back under 98.50 and not get turned right back up again and take out 2802 and hold

12 Mar 2019 10:37 am
will need to hold at or over the 99-98 right now to keep this from a likely reversal attempt

12 Mar 2019 10:45 am
downturn from 2802.25 resistance area needs to turn up from 99-98 area with gusto or else reversing if a hold back under 99-00 after breaking through 97

12 Mar 2019 10:50 am
turned up with some gusto and a shot at 2802 and would need to hold 2800 area around that area anyway on a pullback to keep uptrend from breaking through 97.50

12 Mar 2019 10:56 am
token higher high being sold and can come back down to 98.50 at most and go back up again to avoid a possible topping process

12 Mar 2019 11:00 am
the VIX went down to its low is level sense a little bit before the all-time high was made at 13.65, and if it goes back over 13.83 and especially 14 and stays up there, the reversal would be giving 2-3 sell signals

12 Mar 2019 11:03 am
looking like it could be a top if the 97.50 level is broken.

12 Mar 2019 11:05 am
a top in the making as the most sensitive of the short-term indicators already were overbought, and now the VIX has dropped all the way down to well overly bullish and reversing, a red flag. Should be sold on any kind of bounce attempt now

12 Mar 2019 11:05 am
a short on a bounce that stops and turned down from under the 2802.75 high of the day

12 Mar 2019 11:08 am
if it's going to have just a chance of getting back up there over 2800 then has to bounce off of 97 but should not take out 2800 and also stick

12 Mar 2019 11:10 am
double vision pullback from the high a good possibility and would mean going back to fill the gap from 91 down to 89.50 can happen if 97-96.50 broken and hold under 98.50-99.50

12 Mar 2019 11:18 am
with a pop-up being rejected at 2800 now and the Dow going lower and just off its low, this can keep going down to or through 93 and if so possibly 89.50 and get double vision pullback and gap fill

12 Mar 2019 11:23 am
the VIX was at 13.65 with the ES at its high and then went to a lower low at 13.61 on the bounce to 2800 that was rejected, and now another move into the 13.60's or more that turns up is another short with pretty tight stop

12 Mar 2019 11:28 am
is holding under 98.50 now but not yet taken out 94 area but should soon and had to or through 93-92 area if there's going to be further pullback possibly to fill the gap

12 Mar 2019 11:32 am
stalling out around 94.50 and a double bottom of sorts has to get over 98-98.50 and then hold at or over 97-96.50 if going up to 2800 or more and be sold into

12 Mar 2019 11:49 am
made it back to 2800 and backing away a bit at least to start and should hold the 98-97 area and go back up again otherwise could keep going to or through 94.50 area and a little breakdown possible

12 Mar 2019 11:53 am
with 98 holding and turning up this has a chance to test or break 2802 resistance now

12 Mar 2019 11:57 am
a third time up there could also fail or at least get a pullback and then make a higher high if it's going to get through this 2802 area cleanly and have it turned into new support at or above 2800

12 Mar 2019 12:01 pm
double top at the moment and 2800 needs held if going to keep uptrend and attempt to take out the double top and not go back down to or through the 98.50-98 area instead

12 Mar 2019 12:07 pm
double top at the moment and at the 98.25 last pullback low and if broken can hold under 99-99.50 area then has a shot at the 94.50

12 Mar 2019 12:15 pm
1382 the ES has been in a range inside of a range and needs to take out 2802.75 on top and just have a small pullback hold at 2800 area in order to be strong and keep going towards 2807-08 area, or break 98.25 and open the door for a move back toward

12 Mar 2019 12:16 pm
or break 98.25 and open the door for a move back towards 94.50 pullback lows

12 Mar 2019 12:17 pm
I am going to need to be away for the better part of the next hour but will update before 1:15 if I am three and it's necessary. The market stays bullish at the moment unless a break of 98 area, and if that happens then bounces could fail

12 Mar 2019 12:34 pm
today's action has only been good for scalping have the extremes so far, the 2802 area and 98.58 area until 98.25 is broken to open the door back towards 94.50 or lower, depending on what the Dow cash does there he its low around 25,542

12 Mar 2019 01:06 pm
the ES is still in a range even though it had a quick move under 98.25 quickly turned up and stopped just under 2801 and is backing away yet again and probably continues unless 2800 broken by enough that it holds as new support on a dip.

12 Mar 2019 01:11 pm
And new support at 96.75 to break and then hold at or under 98.25 area on a bounce attempt and turn down again from that 98.25 area to turn by is down from up here

12 Mar 2019 01:13 pm
with the inability to hold over 2800-2801 it should be sold at that area and bought back after a pullback of some sort as it makes for a good scalp trade every time so far

12 Mar 2019 01:19 pm
need a bounce back from 97 area over 2800 again, and likely get turned down for a chance of a move back down to ~ 95.50-94.50 area and maybe lower before a bounce

12 Mar 2019 01:28 pm
pullback held 97.50 so far and has to go over 2800 and stick now to avoid what could be a bigger pullback

12 Mar 2019 01:30 pm
2800.50 so far on this bounce has been turned away yet again in this sideways action under the double top at 2802.75 and still holding over 97, and now can be strong and test the high if not rejected at 2801.50

12 Mar 2019 01:37 pm
another scalp short on the move failing to hold 2800 and dropping another 2.00 points this time and has to be a move over 2801 and hold over 2800 instead of coming right back down through 2800 yet again, not try to break out higher

12 Mar 2019 01:43 pm
right now as long as the ES keeps holding the 98-97 area on a pullback and turned right up again then the ES will stay in a sideways/up move with a chance of going back up over 2802 and either reverse or accelerate uptrend

12 Mar 2019 01:55 pm
there is a breakout holding over 2800 now at the lowest to test or break the double top

12 Mar 2019 02:05 pm
my voice software is lagging badly by about 2 minutes or so, so I am only going to send updates ASAP if I see something that might set up for if something changes,

12 Mar 2019 02:05 pm
right now a triple top and needs to keep holding 2800.50 area or else breakout could be reversing back down

12 Mar 2019 02:06 pm
a hold under the triple top and break of 2800 would likely mean that a pullback should be underway again

12 Mar 2019 02:17 pm
the ES has rallied back just over 75% from the high 2 Mondays ago down to yesterdays low, and will need to keep holding 2801-2800 area now at worst for a shot at the 2808 area,

12 Mar 2019 02:24 pm
it is acting like these bounces to token higher highs will be sold but if there's no momentum behind the move, and a pullback from 2803.25 could come back down to test or break 2801-2800 and must hold otherwise 98-97 for a reversal/breakdown

12 Mar 2019 02:24 pm
could come back down to test or break 2801-2800 and must hold otherwise 98-97 for a reversal/breakdown

12 Mar 2019 02:27 pm
could be a high is there is not a good bounce off of the 2800 level or higher. Whatever the case another token higher high should also be sold, if there is one

12 Mar 2019 02:31 pm
a top and reversal at 2:20 PM a time where many turning points the third, and should have a top in place and if not then a token higher high would be sold but going through 98-97 opens the door to go to 94.50 and maybe more

12 Mar 2019 02:34 pm
the VIX has made lows at 13.61, 13.63 and 13.65 and turning up corresponding with tops on the ES when reversed. Another move back down to 13.65 or lower that turns up another reversal signal

12 Mar 2019 02:42 pm
should not go back above 2801 and stick instead of coming right back down, unless it's going to make another token higher high that likely get sold into again

12 Mar 2019 02:45 pm
98.50, 98.00, 97.50, and 97 are the lows since around 12:55 and has been in a 6.25 point range from 2797 to 2803.25, and going through that zone taking out those lows and not reversing can go to/through 94.50 area

12 Mar 2019 02:52 pm
the VIX has moved up to 13.79 after being at 13.65 and turning up at 2:20 and went up to 13.85 so far and should go back over 13.95-14 to get a reversal back and off for drop to or through 97

12 Mar 2019 02:57 pm
currently holding just under 2801 and should not get back over 2801-2802 resistance and stick, or else they hold at or over 98.50 and have a shot for one more run up that fails

12 Mar 2019 03:01 pm
a day for quick scalp type trades only so far today, they could be on either side of this range from around 2803 area and just under 2798 and taking out 2798 in the last hour means lower move to or through 94.50

12 Mar 2019 03:06 pm
96 would be a measured move for support if 2801 held under. you might want to keep your eye on the Dow cash as it rolled over and attempting to rebound from 25,573 pullback low

12 Mar 2019 03:14 pm
breaking down a bit and it started at 2:20 PM and almost to the 96 target/support and could keep going down to or through 94.50 area if 96 unable

12 Mar 2019 03:15 pm
breaking down a bit and it started at 2:20 PM and almost to the 96 target/support and could keep going down to or through 94.50 area if 96 unable

12 Mar 2019 03:16 pm
96 reached, and it unless that gets back over 98.50 area and holds it's going to continue to work lower to or through the 94.58 area now

12 Mar 2019 03:18 pm
most sensitive of short-term internal gauges tagged overbought condition yesterday, and a VIX reversal from all the way down at 13.61 today, should make almost the opposite of where we were at at the lows a couple of days ago

12 Mar 2019 03:19 pm
93.50 reached and still would need to have a good bounce over the 98.50 level in order to finish the day strong, and not looking as a week as it has with bounces not sticking over 2802 very long

12 Mar 2019 03:20 pm
there's still is a gap that could be filled down at the 89.50 level if the ES continues selling off to a lower low than what was made on the open this morning

12 Mar 2019 03:25 pm
made it down to 92.50 so far and if there is going to be a bounce of some sort it needs to hold that level and get above the 98.50 area and hold and keep going to or through 98.50 if going to take out 2801 area

12 Mar 2019 03:39 pm
the ES should be under pressure as long as it is holding under the 98.50 area and not going back over and holding over that area. Its should be sold, and a chance of going back down to 91 and possibly 89.50 and fill the gap

12 Mar 2019 03:40 pm
have a good rest of your day. I'll send an update tonight to be sure to read and then meet you here tomorrow morning. Take care!
 

INTRADAY LOG FOR MONDAY - MARCH 11, 2019


11 Mar 2019 09:23 am
good morning. I will update a little bit after the open around 9:50 AM roughly but a higher open should be sold into and the first pullback bought this morning

11 Mar 2019 09:30 am
the ES needs to get above and hold above 56.75

11 Mar 2019 09:48 am
indicators are very oversold and 5 straight down days on the S&P 500 cash is turning around

11 Mar 2019 09:59 am
so far with grading right up to 66 resistance and has to continue holding over 62 at the worst or could reverse

11 Mar 2019 10:01 am
has to hold 18 EMA on 1 minute chart as that is been holding most of the way up

11 Mar 2019 10:05 am
Bush right through 66 up to 68.25 square it should have some resistance and backing away from that level back to the 65 area keeps us in balance from their break down the

11 Mar 2019 10:09 am
the ES needs to hold 65 and take a 68.25 high at so far and keep this running up and not pulling back towards 63 area roughly

11 Mar 2019 10:14 am
I am STILL not moved from mother-in-law's into new house next door and not with all computers capabilities, and may not update as much due to this. internal gauges most oversold in a LONG time and closing higher today almost a lock

11 Mar 2019 10:18 am
however it doesn't mean there won't be selling from up here around the 71.50-72.50 gap fill area if reached and should hold over 68-67 area at worst now

11 Mar 2019 10:28 am
after breaking and holding 65.50-66.50 area and reaching 70.75 this can be a decent pullback possible if 68.50 broken and not get back over 69.50 after that. Has to go down through 66.55 and 65.50 and hold or no reversal and just a pullback

11 Mar 2019 10:31 am
topping out for now holding under 70.50

11 Mar 2019 10:34 am
not going to top out as long as 68.50 is held above and headed to fill the gap area at 71.50-72.50

11 Mar 2019 10:35 am
unless 68.50 broken hand then 71 would be the top just missing filling the gap

11 Mar 2019 10:37 am
71 rejected twice and going under 68.75 and not turning right back up should mean a high in place for a bit and could go back to the 66 area possibly

11 Mar 2019 10:44 am
72.50-73.50 gap fill area missed by 1 tick so far but can get there holding over 70.50-70 area right now

11 Mar 2019 10:46 am
72.50-73 will fill the gap and then if rejected needs to come down and take out 70.50 or else uptrend remains intact

11 Mar 2019 10:50 am
resistance between 72.50-73 and 83-84 listed resistance is the 77-78 minor area and likely will stop at or a little bit below that and come down to 73-72 after

11 Mar 2019 10:56 am
odds are strongly in favor of man up day and this has been a "gap and go" move to 75.75 so far but could be a high there for a while if there is a move back down to or through the 71.50-70.50 area not turned right back up. Need to hold 74 four vulner

11 Mar 2019 11:03 am
uptrend will stay intact as long as 74-73 area holds, just at or over prior resistance, to keep this moving higher towards or through 77-78. If rejected 74 needs to hold

11 Mar 2019 11:09 am
made it to 77 so far and could pullback from 77-78 area and needs to take out 74 if going to break current uptrend for keep going a bit more towards the 82-84 area

11 Mar 2019 11:17 am
with minor area at 77-78 easily broken the 18 EMA on the 1 minute chart has been acting as dynamic support again for a while and need to hold around 77-76.50 at the moment or it could be breaking especially if not immediately turned up

11 Mar 2019 11:23 am
time for a pullback of some sort coming from the 78.75 high area and breaking 77-76.50 is breaking uptrend and should be continued selling to or through 74-73 new support, or held over and another pop-up fail near the high for just under. If a higher

11 Mar 2019 11:29 am
76.25 is 50% retracement from major top last week to Friday's low at support, and holding around that area keeps this strong and bullish at the moment unless broken and held below up to 82-84

11 Mar 2019 11:31 am
has to take out 78.75 or else make a topping pattern and could begin a decent pullback going under 76.25 area and not getting turned right back up

11 Mar 2019 11:36 am
has been a strong uptrend but under pressure now holding under the 123 top made at 78.75 and then 78.50 at 11:30 and turning down. Needs to still take out 76.25 and not get turned up right away just to go to 74-73 at least and see if that can hold or

11 Mar 2019 11:36 am
Needs to still take out 76.25 and not get turned up right away just to go to 74-73 at least and see if that can hold or not

11 Mar 2019 11:37 am
this has been going sideways between the tops at 78.75 and lows that 76.25 and needs to break out above the top side again to keep going towards 82-84 and not breakdown and go towards 74-73 instead

11 Mar 2019 11:38 am
and just now started another move up which should keep going towards the 82-84 resistance area next as a target and support

11 Mar 2019 11:46 am
the ES has been in a trend up move and after taking out 78 it held and will likely top around 80 or just above by a couple of points, but right now not a breakdown unless a move under 76.50 area is not quickly turned back up

11 Mar 2019 11:48 am
the VIX dropped a lot more than it should and reached overly bullish territory already intraday, and could be a high in place for now at least with another bounce sold

11 Mar 2019 11:56 am
reversal pattern on the 5 minute chart starting at 11:45 and now must hold 77-76.50 area or else going under that and not turning up could mean a reversal and not heading to the 82-84, and go to 74-73 instead

11 Mar 2019 11:59 am
with a pullback holding over 76.50 and turning up again that can still get to the 82-84 area and likely headed that way now before coming down to or through 77-76 which is now a key support to hold for the uptrend to stay intact

11 Mar 2019 12:08 pm
82.50 just reached and will remain strong holding 78.50 area at the moment but if broken by much then it must hold the 77-76 area, otherwise breaking under 76 should mean a bounce after should then fail. if 84 broken and 81-80 holds uptrend still int

11 Mar 2019 12:15 pm
82-84 target/resistance area reached and should be some pullback and needs to hold around 80 otherwise could keep going towards 77-76.50 which if broken could break current uptrend and bounces began to fail.

11 Mar 2019 12:15 pm
If a higher high instead been 87-88 strong area to get through and a major resistance before 92 area

11 Mar 2019 12:19 pm
82.75 high at resistance. as can oftentimes happen on a strong trend up day, a 12 PM-12:30 PM top and pullback occurring and could and up with a move back to or through 77-76 if the 79.50 area unable to hold long as

11 Mar 2019 12:21 pm
top at resistance area should be sold into now on another bounce attempt. Would need to take out 84 and hold around 82-81 and go back up again to keep uptrend from breaking right now

11 Mar 2019 12:22 pm
I will update around 1:20 PM, only sooner if possible and not certain.

11 Mar 2019 12:50 pm
should be pullback time now holding under 81.50 lower high

11 Mar 2019 12:54 pm
83-84 is a strong resistance area and likely reversal area for today, and taking out the 77 prior resistance turned support area needs broken soon for that to be a top and not go over 81.50 again

11 Mar 2019 01:21 pm
with the ES holding at 79 it just made a higher high and with some momentum and should hold on a small pullback now at or around the 81-80 area at worst it appears

11 Mar 2019 01:21 pm
and likely around 82 area to keep going to or through 87.50-88.50 next resistance– not listed but important area now.79.50-78.50 major uptrend support now.

11 Mar 2019 01:27 pm
so far only a poke above the 84 resistance and quickly turned down from 84.50, so need to hold 82.25-81.50 at the very worst if going back up to a higher high

11 Mar 2019 01:29 pm
and keep going trend up instead of going down through 81.50 to or through 81 and if held under 82 after that then test or break 79 key area – but still a trend up day going and only small pullbacks likely

11 Mar 2019 01:33 pm
biggest pullback all day has been 4.25 points off of a high, and probably should Not go more than 4.25 points if the strong uptrend is going to stay intact the rest of the day. Watch 87.50-88.50 area for could resistance now

11 Mar 2019 01:47 pm
rolling over just a bit from 85.50 and should hold around 82.50-81.50 area, maybe at worst, and order to keep a strong uptrend from rolling over more

11 Mar 2019 01:58 pm
2.75 point pullback off of the 85.50 high so far and unless the ES goes through 83 and then 81.25, the uptrend could be breaking a bit but otherwise will still keep grinding higher to or through 87.50-88.50

11 Mar 2019 02:15 pm
a tiny double top in place at the moment but needs to at least take out 82.75 and especially go down through 81 area and would especially break the uptrend going under 78.50, otherwise a chance to get another bounce if 82.75 holds

11 Mar 2019 02:23 pm
with the strong internals today, my internal gauges will not be oversold any longer. Meanwhile the VIX has dropped all the way to 14.35, and its low last week was 14.36 around the top. It's near extreme overly bullish HOWEVER

11 Mar 2019 02:25 pm
so far it's a strong trend up move going and as long as there is not a pullback to take out the 82.50 area and hold but especially take out 81.25 and then hold under 82.50. Otherwise uptrend intact still

11 Mar 2019 02:29 pm
in a range up here between 85.50 and 82.50 and taking out 85.50 likely only gets to 87.50-88.50 and back so away, but break 82.50-81.54 lower and hold under 82.50 could mean turning over from up here

11 Mar 2019 02:46 pm
could not get to the 87.50-88.50 area, missing by eight points so far, and that might be a top if the ES takes out the 83 resistance and holds the low that level for very long. Taking out 82.25 and breaks uptrend symmetry

11 Mar 2019 02:49 pm
the VIX has already turned up from its 14.35 low, an extreme on a daily close and intraday basis also. The ES quickly backed off from 1 point under which should be important resistance at 87.50 (62% retrace) of last weeks range

11 Mar 2019 02:55 pm
another pullback holding and bouncing from 83.25 and 83 is old resistance/new support area that needs held – now 83-82 has a break of 82.25 breaks upside symmetry and bottom of range starting ~1:20

11 Mar 2019 03:12 pm
this could go for the 87.50-88.50 area and then likely back away and unless it's headed up towards the 92 area next

11 Mar 2019 03:28 pm
ES went up to the top end of the 87.50-88.50 area and with this trend up move going would have a good shot at the 92 area if they pullback is able to hold the 84 area now on a dip and go back up again

11 Mar 2019 03:29 pm
a drop from the 88.50 updated resistance down to the 83-82.50 area would be too much and likely breakthrough and keep going to or through 79 area

11 Mar 2019 03:34 pm
only a 3.50 point pullback and coming back up towards the high, and now as long as the ES does not take out 84 prior resistance/new support it should stay strong but not if 84 is broken by much and not quickly turned back up with some gusto

11 Mar 2019 03:39 pm
91.50-92.50 could be in the cards if this keeps holding on pullbacks that far and no greater than 3.75-4.25 points at the most and get turned right back up. Could trail a stop just a bit more than that amount

11 Mar 2019 03:45 pm
have a great rest of your day. I'll update tonight and meet you here tomorrow a little before or after the open. Take care
 

INTRADAY LOG FOR FRIDAY - MARCH 8, 2019


08 Mar 2019 10:15 am
Okay, I am finally back up but lost my main screen so and with a lot less than I used to. In any case still on the March contract until Monday and right now it bounce from 22 and needs to go over 30

08 Mar 2019 10:16 am
yesterday I said final look of the chart it could still drop sharply one more time and measured move would be to around 2712-2711 which is still possible holding under 30

08 Mar 2019 10:17 am
and taking out the 23-22 support

08 Mar 2019 10:25 am
it looks like 23-22 must hold and may not on a retest. A move under that zone that holds could mean a move towards 12-11 area where a low could be made

08 Mar 2019 10:30 am
the ES poke down to the bottom of the 23-22 support zone and is holding over that area so far but needs to take out the 32.50 high of the day can have just a small pullback to get to 38.50 Gap

08 Mar 2019 10:32 am
ES will need to hold over 28 or else come back to 25 area and maybe more

08 Mar 2019 10:39 am
still holding right at 26 and over the 25 level and most important the 23-22 zone so far. But bounces are sticking and failing at the 30 area and has to get over and hold 30 to avoid another move down

08 Mar 2019 10:43 am
the ES had a gap down open and has been in a 10.50 point range for more than an hour now and should take out 32.50 on the way up towards 38.50 area if this can hold 26 and take out 32.50

08 Mar 2019 10:51 am
so far made it to 37 and backing away a tiny bit and need to hold over 33-32 or else could be a bigger pullback before another bounce attempt happens

08 Mar 2019 10:54 am
31-30 area needs to hold follow eyes it could be heading back to the 27-26 area or more

08 Mar 2019 11:13 am
pullback of about 9 points and turning up and needs to be able to take out 32.50 again and hold 28 in order to make a run back up towards the high for a bit higher around 38.50

08 Mar 2019 11:16 am
with the market now even more oversold and the VIX jumped up to 18.19 and reversed, upside may not be easy but should not be much more is any downside before oversold overly bearish bounce begins

08 Mar 2019 11:21 am
pullback from 33.50 needs to hold the last pullback low at the 28-27.50 area at the most or else test or break through 25 which is important or the 23-22 would be tested again

08 Mar 2019 11:40 am
at the moment there is a little double top at 37-36.50 but not much of a pullback and if the 31 level can hold then that double top could be broken but going under 28 could mean the end of this bounce attempt and go back to 23-22 again

08 Mar 2019 11:46 am
needs to hold 31 now and keep on going up to take out the 37 area on to 38.50 if the gap is going to be filled anytime soon

08 Mar 2019 11:48 am
with the ES holding at the 23-22 support along with the oversold extremes and VIX jumping over 18 should mean dips should be bought but may have trouble holding at higher levels

08 Mar 2019 11:51 am
probably goes through 31 with this last pop-up holding under the 36.50-37 tops

08 Mar 2019 11:53 am
31-30 and then especially the 28-27.50 area area needs held or else can be breaking down instead if no bounce from 28 area

08 Mar 2019 11:58 am
the market doesn't want to go higher or lower, battle between the downside momentum and oversold condition. Should probably be still shorting as long as under the 37 level and especially 38.50

08 Mar 2019 12:06 pm
a move under 28 area should make it so another pop-up been sold around 32 at most

08 Mar 2019 12:09 pm
should be under pressure holding under 29.50-30.50 area now and not going back over and holding that area very long

08 Mar 2019 12:14 pm
so far the ES came down to 27.25 and should hold under 30.50 area or else it may not get back to the 26-25 support that must hold in order to ovoid a test or break of 23-22 support and low of the day

08 Mar 2019 12:24 pm
the quick pop-up and rejection of 30 keeps this in a downtrend off of the bounce high and on the way to test or break through 26-25 and if broken 23-22 support and test of the low area

08 Mar 2019 12:27 pm
I will update again around 1:25. It's looking like the 26-25 area is going to be the key support to avoid a test of the laws

08 Mar 2019 12:53 pm
with the ES taking out 26-25 it should be headed to or through the 23-22 support and low area before another bounce attempt if that is able to hold and not continue down towards the 12-11 area before end of day

08 Mar 2019 12:54 pm
would need to go back over 25-26 area again and hold over that area again in order to avoid the low area or more which it's at 23 currently

08 Mar 2019 12:56 pm
has to hold here and go back over 26 and hold around 25 area on a dip and go back up again from there to attempt a turnaround and double bottom possibility instead of test or break of 22

08 Mar 2019 01:12 pm
a double bottom at support is possible but really should get back over the 26 area and hold at a minimum and especially take out 30 and hold up there. Update in about 15 minutes or so

08 Mar 2019 01:17 pm
25.50-26.50 area new resistance to clear and hold over on a dip after that to attempt a bounce of some sort otherwise back to or through the double bottom at 23-22 support

08 Mar 2019 01:46 pm
around 2:15 I will need to be away for a little while so just a heads up. Right now this bounce attempt needs to take out the 30 area and holds up there just to attempt getting to neutral territory down here

08 Mar 2019 01:47 pm
26-25 needs held again now, otherwise could break double bottom

08 Mar 2019 01:48 pm
I it should be the 27 area that holds now in order to keep this going higher to or through 30 area

08 Mar 2019 02:00 pm
has to avoid another failure the under 30 and break the 27 then 25 levels otherwise keep going to or through the double bottom

08 Mar 2019 02:04 pm
with a little over 2 hours left in trading for the week where the ES started with a gap up open that touched the intermediate term major resistance and has been mostly downhill all week. Could still go to 12-11 on a break of support

08 Mar 2019 02:30 pm
the ES should continue working its way higher if it can hold around the 28 level and turns back up. Has to get over 32 and only a small pullback after and then 30 could become new support instead of 28

08 Mar 2019 02:32 pm
it is against the trend and momentum however a low at support with an oversold market and the VIX leaping over 18 and reversing all should act to hold the market up for have a reversal/bottom in place for a while

08 Mar 2019 02:44 pm
going for the 37 high which is the 37-38 prior major support and turned the market back with a 123 top up there earlier. Has to keep on going through 37-38, not reverse up there again

08 Mar 2019 02:47 pm
the 29-30 prior support/new resistance turned down at 1:50 but the reversal up started just after 2 PM, and now watch 36.50-37 area for a possible turn or acceleration through resistance

08 Mar 2019 02:49 pm
what ever the case, low should be in for the day in a pullback should hold 30 at worst if low for the day is indeed in place. Vulnerable otherwise, selling off from 36 lower high

08 Mar 2019 02:55 pm
37-38 and should hold at or over 35-34 area now to keep upside

08 Mar 2019 03:00 pm
the move went right through 38 and came right back down but still could have another bounce attempt if it does not go under 35-34 with out turning right back up

08 Mar 2019 03:07 pm
the ES is .2 need to get back above the 37-38 area otherwise breaking under 35 can't open the door for a move back to 32 or lower, especially if 30 happens to be broken

08 Mar 2019 03:13 pm
voice software is beginning to lag and the ES went over the 37-38 area but reversed back down twice and now took out 35 and should be on the way to test or break 32 and possibly 30 and if not reversed back up from there it could be headed back toward

08 Mar 2019 03:16 pm
then it could be headed back towards its lows.but doubt that happens. looking like the 32 and 30 areas should be able to hold, but another poke over the 37-38 area must hold or possibly sold off sharply

08 Mar 2019 03:22 pm
bounces have failed all week and if this keeps coming down through 30 without getting a quick reversal back up we could see this work lower into the 35-25 minutes of trading or more if going for its low

08 Mar 2019 03:29 pm
in the last 30 minutes of the week the ES is going to need to bounce from 30 or higher above 35 at least and especially the 37-38 area in order to finish on a good note. It's a good chance another bounce attempt fails.

08 Mar 2019 03:31 pm
enjoy your weekend. I'll email and update on Sunday and then meet you here on Monday morning. Take care!
 

INTRADAY LOG FOR THURSDAY - MARCH 7, 2019


07 Mar 2019 09:52 am
the market has been in freefall from the open and needs to get over 53 just to attempt a turnaround

07 Mar 2019 09:53 am
breaking 48 and holding keeps it going to the 43-42 area next. 38-37 important under that

07 Mar 2019 10:03 am
so far holding under 53 and the bounce came from just under 46 and turned up right away and going back under that level will open the door for the 43-42 area possibly

07 Mar 2019 10:10 am
has been holding 46 support but downtrend intact holding under 53 still

07 Mar 2019 10:17 am
still holding just over 46 and still needs to go over 53 and then hold on a dip after that in order to attempt a move higher instead of going down to or through 43-42 area on a break through the lows

07 Mar 2019 10:23 am
a quick up turned from 41.75 and could be a low but still needs to go over 48-49 area in order to try turning this around but another failed bounce and break of the low coast to 38-37 area next

07 Mar 2019 10:27 am
a bounce to 46.75 so far and has 48-49 just above to get over and if it does would need to hold around 47-46 on a dip and go back up again otherwise it's a failed bounce and another pullback instead of the low been in

07 Mar 2019 10:30 am
the VIX is dropping from the high 17's and should be a reversal in prices with this and now should hold the 45 area on a pullback if going higher to take out 48-49

07 Mar 2019 10:35 am
has to hold 47 now and take out 53 and be able to stick for a pullback from that area could test or break 47 area

07 Mar 2019 10:39 am
would have across the board extremes on all short-term internal indicators for the first day if they close this way, and a blowout number at 17.81. but today still needs to take out 53 and not go under 47 and hold

07 Mar 2019 10:44 am
will need to bounce off of a higher low around 43-42 if it's going to avoid a breakdown to or through 38-37 before a bounce

07 Mar 2019 10:48 am
held 44.50 and turning up with a little bit of gusto and needs to go through 53 still and then hold at or over 51 and 48-47 at most in order to keep a new uptrend

07 Mar 2019 10:57 am
made it to 53 so far and that resistance needs taken out and hold around 49-48 and turn up if it's going to keep going higher and not towards the lows

07 Mar 2019 11:09 am
pullback and bounce turned down from 53 and now needs to make a higher low over 44.50 and go up and take out 53 in order to attempt a stairstep higher kind of move instead of lower high under 53 and further breakdown through 44.50

07 Mar 2019 11:15 am
so far pullback to a higher low again and now must take out 53 or else a failure and could then break under 46.50 area and maybe more

07 Mar 2019 11:22 am
another day with very poor action so far and going to be going back towards the lows if there's not a move back over the 53 area that can stick today and could be 38-37 or more yet

07 Mar 2019 11:27 am
ES is beginning to get in a trading range and 46.25 should continue holding if this is going to test or take out the 53 area and not go back under 44.50 to the lows or more

07 Mar 2019 11:33 am
could be getting our oversold rally already, as earlier the advance decline was 3-1 in favor of declining issues and now <2:1 negative and the VIX reversing from 17.81. Another pullback should be bid back up again

07 Mar 2019 11:36 am
and getting back to the 60 area is about 50% retracement from the afternoon high yesterday at 78.75 and last area until the old 63-64 support/new resistance

07 Mar 2019 11:40 am
the ES did bottom at the 42.50-42 area, 1 tick below it, and then held after that. that's going to be major the rest of the day and the week. This move needs to turn up from 53-52 if reached on a pullback to avoid reversing back down

07 Mar 2019 11:54 am
53-52 held on the pullback so far but if 57 is not taken out then it will be broken through on the downside and test or break through the 50 area at least

07 Mar 2019 12:02 pm
the market is still acting poorly and bounces should be failing from here on out even if there is an upturn from the 51-50 area which is needed or else headed back to or through 48.50 area

07 Mar 2019 12:09 pm
I will be away until around 1:10 PM or thereabouts. Or sooner if necessary. Has to go back under 50 and not get turned right back up again if there's going to be a move back towards 46 or lower

07 Mar 2019 12:32 pm
a quick note, this has not been the most robust bounce back up to this point however with the internal indicators oversold and a big jump on the VIX this morning and low just under 42.50-42 support, low in for a while it looks

07 Mar 2019 12:34 pm
however, as long as the ES holds under 57 it will remain vulnerable for another drop to test or break through the lows of the day. First as the 48.50 area to get through

07 Mar 2019 12:36 pm
and now pullbacks, even the quick drops are being bid right back up again, so even though the market remains vulnerable it will need to stay under the 50 area after breaking in order to put pressure back on.

07 Mar 2019 12:38 pm
just noticed that the ES went to the 48.75 level, and it is 48.50 that is the support that needs held otherwise a bounce that follows likely would be sold also. Update in about 30 minutes

07 Mar 2019 12:56 pm
61 could be important area to get through and then only have a small pullback after that, but stays bullish holding at or over 56 at most right now

07 Mar 2019 01:01 pm
57-56 new support that should hold on a pullback now, if this is going up past that and not reverse then it's the old 61 turning this down and 63-64 area to break through for a shot at the high of the day at 67.75 and now that old 67-64 support new m

07 Mar 2019 01:02 pm
the day at 67.75 and now that old 67-64 support new major resistance today

07 Mar 2019 01:23 pm
my amateur Elliott wave, which I don't use much unless it's something that looks pretty obvious, would say another decent drop when this bounce fizzles out and rolls over. We will see if employment report starts something

07 Mar 2019 01:23 pm
right now the ES is going to be vulnerable holding under 61, which is also about 50% retracement from yesterdays late high at 78.75

07 Mar 2019 01:24 pm
still is going to need to take out the 57-56 area it appears and not get turned right back up again

07 Mar 2019 01:37 pm
this is breaking down again going through 57 area and holding and important area and transition area today at 52.50-51 area and needs to keep going down through that area and stick if it's going to be a decent size pullback again

07 Mar 2019 01:39 pm
51.75-50.75 is what needs broken through while holding at or more likely under 55-56 on any bounce attempt to get a breakdown of some sort

07 Mar 2019 01:44 pm
this 53-52 area given still holding right now otherwise would be breaking that zone and 51.75-50.75 would be important to avoid what could be a reversal back down instead of a pullback from important 61

07 Mar 2019 01:48 pm
if the ES is able to hold over the 51.75-50.75 area for another hour then should be some short covering these for tomorrow's economic data, and I believe Powell is speaking somewhere. It will be between trend vs oversold.

07 Mar 2019 01:56 pm
rejection at 57.75 and has to take out 58 area without getting turned right back down like the last pop-up or else it's going to test or break through 51.50-50.75 area on this move down

07 Mar 2019 02:04 pm
attempting to hold 53 area again but this time should have a move through 51.75-50.75 and not get a bounce right back up again but gets momentum instead. More likely to pop up again, but have trouble holding unless 58 taken out

07 Mar 2019 02:12 pm
would need to get back over 54.50-55.50 and hold at that area again, to the attempt getting out of trouble and the attempt 58 or more instead of a drop back under 48.50 and maybe down to the lows or more are coming if this is the "wave 5" starting a

07 Mar 2019 02:13 pm
and if it is it should make the lower low and could be down in the 2730-2728 area or a lot more possible

07 Mar 2019 02:14 pm
this will stay under pressure unless there's a bounce from the 48 area and goes over 51.50-52.50 pivotal area now

07 Mar 2019 02:19 pm
could hold 47 area if it's going to have a bounce before going down through 46 and then the 42 support and low area after the

07 Mar 2019 02:24 pm
ES has to keep holding the 47 level and go up above the 51.50 prior updated support and stick up there, otherwise still could go back to the low area

07 Mar 2019 02:28 pm
bounces have not been sticking again today so far and after making the low at support the action has been very choppy, but not as much after turning down from the 61 updated resistance/50% retracement area. 51-52 pivotal

07 Mar 2019 02:31 pm
very often a reversal or acceleration of the current trend happens in this timeframe, and coming up from 47 needs to keep going through 51-52 pivotal area and hold that area for still vulnerable

07 Mar 2019 02:42 pm
but slow-moving move lower almost to the lows and if broken by much should be headed to or through 38-37 area next

07 Mar 2019 02:48 pm
pressure will stay on holding below 47 right now has to get over 47-48 minimum to attempt getting out of trouble for just a little bit. Heading to or through 42 area

07 Mar 2019 02:48 pm
38-37

07 Mar 2019 02:53 pm
measured move down to 2712 if this amateur Elliott wave pattern turns out to be exactly perfect. And would not expect unless we close poorly and get it with bad employment numbers tomorrow 38-37 first, need break 41.50 and not turned right back up

07 Mar 2019 02:53 pm
measured move down to 2712 if this amateur Elliott wave pattern turns out to be exactly perfect. And would not expect unless we close poorly and get it with bad employment numbers tomorrow 38-37 first, need break 41.50 and not turned right back up

07 Mar 2019 02:56 pm
token lower low with just over an hour left in trading and needs to get back above 46.50-47 area at a minimum if it's going to try bouncing back and the 50.50-51.50 new pivotal resistance

07 Mar 2019 02:58 pm
bounces are still failing and on the 1 minute chart the ES has had trouble getting over its 18 EMA and holding longer than a minute and worth watching as a downtrend guide right now

07 Mar 2019 02:59 pm
and turned around if that is broken above and able to hold more than a minute or two, currently around 44 area

07 Mar 2019 03:09 pm
38-37 held by 2 ticks so far and a move back over 44.50 area needs held over 42 after that in order to get out of trouble and have a bounce of some sort this that can stick after bouncing

07 Mar 2019 03:13 pm
however if there is another failure at or under 44-45 area then another push lower could get down to 38-37 or more before closing but some short covering should help this hold around that area if reached, but looking like a low at the moment although

07 Mar 2019 03:20 pm
a 3 PM turnaround and from 2 ticks over the 38-37 support so far and the ES is almost to the 44.50-45 area which needs broken and held over and then the 50.50-52 area is next and strong

07 Mar 2019 03:22 pm
check out tonight's update and then I will meet you here tomorrow some time around the open. take care!

 

 


 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


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