Monday, 2 November 2020

Emini Dow continued: perfect long entry on retouch of centre line

 

Watch the gap on 28157 (Dec 20) which i expect to be filled with US election this week. This equates to 3444 on ESZ20.

Friday, 30 October 2020

Emini Dow and equity markets

 



Please see previous post. This Median Line captures the frequency of current wave.

Saturday, 17 October 2020

Emini Dow Dec 2020

 

Now we have a lower low and a lower high

Tuesday, 8 September 2020

DOW and SPX continued



UPDATE re SPX/ ESU20
https://medianlinetrader.blogspot.com/2020/09/dow-ymu20-continued-as-per-previous-post.html     

UPDATE 10 Sep 2020

I showed you all these lines before. Look at previous posts. Check out reaction lines and also historical ML/pitchfork horizontal line that has provided SPX with support/resistance.



 I have added a lower time frame FNL ML including 2 sets of reaction lines


Monday, 7 September 2020

Friday, 4 September 2020

Dow ( YMU20) continued as per previous post


UPDATE: ES and YM



Compare this with yesterdays same chart.... the lines never lie. High probability trade entries are more than possible in the coming days. YOU are living through a major market reversal but you do not yet realise it perhaps?

Thursday, 3 September 2020

Dow... were on our way down!

https://www.youtube.com/watch?v=pxovMENJGOE
above: emini ESU20. I have removed all low time frame median lines. This may look simple but shows critical support in higher time frames. It is possible to construct a study in any time frame that reveals organic support and resistance. I refer to my previous studies over 10 years available here on the blog and also on my website: http://commodity-analysis.co.uk/



UPDATE

Its official. We are calling a top. Top of the gap( Dow) and top of end of the run on equities . Dow/NQ/ES




I would like to take this opportunity to say " Goodbye" to 3588 on SPX and 12433 on NASDQ and 29163 on Dow.

Thursday, 20 August 2020

SP+DJ+NQ..... the story continues.... the jury's still out.

Above seen 5 min time frame. The pitch fork (AKA Median Line) shows the relationship between 3 pivots A,B&C. Price has made its journey to the centre line.

Above is the same ML in the NASDAQ

 above: Back in the ESU20 look at the price action when it meets the line. Gap up,touch and fall away. Same behaviour can be observed 100's of times a day with hundreds of different sets of 3 pivots in multiple time frames.


 above: Here is the emini Dow. Look at the rejection after the touch/ kiss on the centre line.

 above: Here it is in lower time frame.


Above: Now we look at the bigger picture and multiple ML's.Note price has failed to reach the CL of the bigger ML: A/B/C. We are looking for short entries but nothing clear yet.
and here is the daily Dow. We really need a long candle to fall away from this upper M line. If it continues to hug the line it may burst/press through and up towards closing the gap. Noted on chart.

Friday, 14 August 2020

S&P... make or break

i have added equidistant channel that matches the piercing below the LMLP in March which is now reflected on our UMLP. The risk is a violent retracement from a potential double tops. Anyone who has had the time to watch the intense battle between 3350 and 3379 ( sept20) will agree it is painful to trade (Mea Culpa) and boring to watch. Wait for the break either way- up or down out of this infernal range. As much as i would like to see a perfect fall i think the jury is still out and knowing WS long metality this market could still make new highs. However the NASDAQ look peevish and the DJII very unsteady but remember we still have a major March CV GAP to fill on DOW.

Wednesday, 12 August 2020

S&P turning point

 Remember this photo of  a PF i posted in March? ( see previous post) Price went on to pass through the centre line and form a reversal pivot on the LMLP as i deduced at the time.

 
 
as seen below today . see the small extension below and above the upper and lower MLP's.

 
 
Now we have hit the top upper MLP. Price will try to make a pivot here as we can see with Tuesdays 11 aug trading session. This could be critical reversal point. Remember that with the DJII there is still a gap begging to be filled so that market could make new highs but we will see next few days price action before things will become clearer.

Thursday, 30 July 2020

US Dollar index USDX ( USDXU20)

 The above PF is on todays 5 min chart. This PF below is the "big picture" showing us the target of 89-90 in coming weeks/months.
Check out my last post..........SPX..........Now look at same PF in weekly and  daily TF and also a 60 min PF in S& P
Firstly the current 60 min PF. No idea of price will break down to CL
 Now the big mother! same as previous post which picked the 2020 low and showed you and my subs in real time on march 20th- 23rd.
 Gaps always get filled but the bigger the time frame and also the gap the longer it can take. Some take years. There is no guarantee the one shown here will be filled before we start down.