Send me real-time posts from this site at my email
TradingView

ES - Weekly / 1C Underway

ES - Weekly / 1C Underway

We are witnessing the Larger 1/5 correction within the "C" Leg.

The Extensions reside @ 4426 and 4190.

Retracements should be limited to the 8/13 EMAs with the
21 EMA now acting as Support unit it does not.

"C" moved are generally quick and outsized.

There will be a Larger Retracrement when 2/5 begins, not
until.

The FED has increased the probability of a 25 BPS Hike from
100% - to 86.1% Probability of a 25-50 BPS Hike.

________________________________________________________

The Transports confirmed the Dow Theory Sell Signal as I indicated
this would cause the DOW to correct.

Value Line Index gave us the warning the ES would see a sharp decline
to follow.

NQ has been seeing outsized selling in 711s.

TNX should tap or exceed 2%, perhaps 2.12% prior to a Retracement.

TLT should trade the 139s and possibly the 134s.

For time the "bottom" should not be until Mid- MArch when the FED
backs down from 50 BPS to 25 BOS and becomes less hawkish and far
more verbose as to concerns for the Overall "Economic Health" - this will
be the time to take the BUYs and ride them for a violent run ti new all time
Highs.

__________________________________________________________


By then, the ES should have filled its Gao at 4010.

It is Day by Day for now, with further updates to follow.

Trade SAfe everyone - HK

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue