Ending the Week with a POP and Drop?

26 thg 7

ES just broke the long Daily Trend Linee
** IMPORTANT** = Now this has broken it is the new resistance don't get bull trapped, bears sleep all summer and there awake and hangry
- Weekly Time Frame to the 26 MA will tell us the trend
My guess is a hard bounce with the anticipation of NVDA 28th Aug..
-If it breaks sell coved calls and get in puts
-If Breaks bulls its going to get bloody (Banks "JP Morgan" anticipate 20% drop.


Levels to watch
Current Price 5,455 to the next whale zone looks choppy
(Whale) 5,470 If it gets here I anticipate a BullTrap
** On the 15 Min time frame its hitting the whale and the upper KC channel

The Drop

5,449 -5,497 (No trade zone)

If breaks watch the yearly level is a magnet @ 5,441
- Choppy im a lazy swing trader i dont believe in scaping Super Computers beat us evetime
After this big whale at 5,432




My last few have been sloppy, this is solid mark my words.



** Economics**

Forget the news and all the BS (NVDA will crush earnings) until then watch the big orders and the 2 year bond yield and the 10 Year

Oil likes the 80 Level, to pop this back up its Trillions of Dollars.

*Key indicators** - As one of these will drop and make the other move
Oil
Bitcoin
Gold
ES/SPX/Spyy

Alt
SouthKorea vs US Dollar
JPY/USD