ES is a sell because of the 0900 signal bar. Since they are currently at the bottom of a 5 Minute Bollinger Band they may bounce it up, but who knows for sure. Anything at or above 2162.50 is probably a good sell. However they may just start selling it off after the open.
Expecting Crude to bottom at 1100. The target for was achieved some time ago. Now you have Q Peaks and Valleys valid signals at 1100, 1130, & 1200. So don't be surprised at this market whipsawing back and forth, maybe even breaking the Lows during that time before going back up. No Change on the ES, expecting it to bottom at 1330. That's it for the day. Whatever you do always protect yourself in these markets.
Crude 1100 has a Sym Valley Peak along with a Q Valley Valley. Since Q's are about completing symmetry and 1030 was a Low they reversed it back up during 1100. This is one of those characteristics of Q. We have 2 more Q aspects occurring so I still expect it to go back and forth for another hour, but we are bottoming in Crude and the sell off is basically over. ES finally broke down and I expect new Lows and a bottom at 1330. You do have a valid Q Valley on the ES at 1230 so expect some back and forth between 1200 and 1230.
Basically the lows are in now for the ES. You have a 1400 Q Peak that should take it back up and they will likely reverse off it. But for the most part I expect to start moving back up
Just hit the second 5 point target for the ES today. Bought at 53.75 and just covered my long and just covered at 59.00. Done for the day. Everything was forecast and predicted in advance, including the Crude Oil moves.
These 4 charts for each market will show you the swings, and what time the High and Low for the day will occur. You begin with Sym Peaks and Valleys, then work your way to the Q Peaks and Valleys. Sym data is point to point, whereas Q data is about completing symmetry. Enjoy your day!
Target already hit in ES. 0900/0930 Adjacent-Sym Peak Valley at 0900 and Sym Valley Peak at 0930. Because they were at a High, adjacent to each other, you wait until 0930 and reverse. Now you can find the bottom of this move.
Crude Oil...both Sym Peak Valley and Sym Valley Peak were valid signals at 0930. But look at what was before and after that time. Q data at 0900, 1030, and still 1130 to come which is the reason for the whipsaws back and forth. No thanks. I believe it is a sell but you really didn't want to jump in on that until all the whipsaws are over and because 1130 could still end up at a High.
Sym Valley Peak at 0600 in Crude tells the story and was clear sailing until 0900 Q data came into play. Always look at the night sessions as they tip your hand as where the position of the market is in relation to the data.