Should have been Bear @ 4565. Will there be a play on 4400?

ES held "declining tops line" @ 4565 (arrow).

Next up... 4400? Might be a bounce play.

Market more negative if 4400 breaks and is not reclaimed.

More negative yet if 4400 is broken... then "tested from below and fails/holds as resistance".

"Trade what you see"... not what you think/hope/feel.

Price TA... KISS, baby!

FWIW...

 

There is a big sell-off on the NQ, which is highly correlated.
If you believe in EWMAs it looks like it is still heading down until next week.

 

ES day range is getting smaller.
It is getting too peaceful.
More volatility, please.

 

https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-520

Someone`s been reading....

 

The RTY had already broke though the head & shoulders neckline 3 days ago.

 

Will they make a play on ES 4400? Looks like a "yes".... how far will it go? Have to play that by ear.

 

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3RD FRI week\SPY tend$ to be down \SEPT anyway\cant tell much on 60 minute chart.

 

Good Evening Scataphagos,

Thank you for the chart illustration.

"Trade what you see"... not what you think/hope/feel." This is the BEST statement ever on ET.

 

Da boys are piling up on the 4400 mark, time for a squeeze? Be careful MMs might run it down.

 

China A50 and Hangseng are up strongly today.

And the European index futures hardly move.