Latest Plans
Read the latest insights into the S&P 500 and Stocks.
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ES Weekend April 6
What goes up, must come down. But how much down is left? Quite a bit actually. We’re now at an area where buyers may start to appear. However, I am in no rush to buy equities – especially leveraged ones. Nibble here, nibble there is fine, but will remain cash…
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ES Weekend March 23
We’re now in weekly balance 5509.25-5770.50. With 3 major events behind us, we should see a clearer picture form in ES. A number of weeks ago we were looking for the ATH balance 200% extension and that arrived back on March 11th and followed a few days later with a…
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ES Weekend March 16
Note that this week is contract roll with the June contracts roughly being 50-53pts higher in premium. I will be trading June contracts (ESM) going forward. The ES live chart is flip once TradingView does the roll which is Monday evening. I prefer to keep it non back adjusted as,…
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ES Weekend March 9
The last day of February ended with a massive short covering rally. As impressive as it was creating a very large 50pt spike, I warned of what needed to happen: I would be very cautious assuming that we see bullish continuation out the gate as there are numerous cards stacked…