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The S&P 500 E-mini Futures Daily time
frame is in an up swing with a fib extension
price point 3022.75 about +692 ticks away.

The Daily time frame is at a low price and
at the back side of the old down trend line .
I am going to turn to the smaller time frames
and will look for up fib wave movements and
buying trades towards the daily target.

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4H CHART EXPLANATION:

Main Items we Observe on the Chart:

-Price broke out the bearish channel , starting a bullish movement.
-Currently, the price is inside a corrective structure and is trying to break out with low volume .
-The las support of the price is the middle trendline of the weekly ascending channel .

Based on this if the price breaks out below 2834.0 with close candlesticks we expect a continuation of the bearish movement towards 2730.00 paying attention to the middle support zone at 2793.00

MULTI TIMEFRAME VISION:

-Weekly :

snapshot
-Daily:

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As we all know, gaps on CME exchange are closed in 93% of cases, and recently these statistics are only more often confirmed. Usually, gaps that weren’t closed, are not significant, they were NOT formed on weekends. However, we can see that during this weekend there was formed an important gap, which has to be covered at least with a wick.

Yesterday we posted an idea about market priority changing – from bearish to bullish. Now the priority remains the same, but so far the resistance at $8350 remains untouched, which can lead us to $7100 support retest. From that level it will be possible to look for reversal patterns, such as double or triple bottom or inversed H&S and fill the bags. After the situation develops we’ll give you an update.

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S+P 500 Futures Price Rally
to start the new week of trading overnight on 5/20 is, to my eyes highly suspect,
and offers a patient short seller a major opportunity
to position and sell the rally, prior to,a potential major break in the retracement pattern.

Rally has the potential to reach 2880 if shorts continue to cover,
so being patient is the key here.

My own interpretation of the 4 Hour S+P 500 June 2019 Contract,
suggests a later breakdown below ES 2854,
could open up the pattern, to a downside move,
at the minimum, retracing back to the ES Low of 2799.75 of last week.

4 Hour RSI , shown here, also reveals the bearish interpretation,
of the current price rally.

ES Last 2870.00

THE_UNWIND
5/20/19 425 AM EDT
NEW YORK

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The US/China trade debate has calmed for the time being. The US may scale back Huawei curbs, delayed the decision on foreign auto tariffs and exempted Canada and Mexico from steel/aluminum tariffs.

For the moment, Dax is our favoured index. It is pushing higher with momentum and we favour continuation breakouts.

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Friday’s session hasn’t really seen much success from the statistical point of view. There were increased probabilities for breaking of Thursday’s high and two support levels nearby to add to the hypothesis. Dax turned downhill on a very lazy pace, buyers reacted with a very slight correction at the first mentioned support level and the second support level hasn’t even been reached. In the end, the session turned out to be a lazy bear, as it often is on Fridays. Today we open with a small ascending gap.

Important zones

Resistance: 12 376
Support: 12 196, 12 118

Statistics for today

Detailed statistics in the Statistical Application

Macroeconomic releases

NIL

Today’s session hypothesis

We anticipate continuing in the uptrend that has formed. Dax already filled our first target, which was a retest of 12 190 level. In the upcoming days, we estimate that the zone laying at 12 448 could be retested as well. Buyers could be found around the support zone of 12 196 where we have a nice confluence with the trendline , or even lower at the support at 12 118. Sellers could show their strengths at 12 376.

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This chart shows the Gap in CMEfutures between Friday close and Sunday open.
As you know, the last large gap like that was filled soon afterward with one big red.
This time, I think it might run bear trap first, and go higher to wipe out shorts.

Considering the size of that gap, and previous behavior, there will be a LOT of shorts.
Most of those shorts will have stop loss a little above the gap, or above previous top.’
So what better way for the big money to find liquidity, than to wipe out those shorts.

Thus I think this gap could lead us to a higher high!
But I could be totally wrong and it just fills today..
So this is just a plot to observe, not a trade call.

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Análisis técnico del Oro realizado el sábado 18 de Mayo 2019. El oro está en tendencia bajista de corto plazo desde Marzo. Parece que está intentado frenar las bajadas de las últimas semanas y si no pierde los 1270$ podemos ver un rebote hacia los 1320$ en los próximos días. Todo dependerá de si sigue la inestabilidad en los mercados con la guerra comercial USA-China y la tensión militar entre USA-Irán

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05/19/2019.

Bitcoin has been on the rise for the past few months and expecting it to appreciate more from the look of the market, Buyer are in control…

Technical Analysis:

Using a combination of our tools from our trading toolbox (Fibonacci, Support and Resistance Level) At Fib’s 50% (7094.0) price level showing a bullish engulfing pattern. From the previous trade session, we can see that at same Fib’s 50% price level, acted as a support then went on to hit the Fib’s 100% price level and did a reversal down back to Fib’s 50% price level.

Waiting to break resistance price level at Fib’s 61.8% at 7483.0 price.
Area valued to enter for this trade would be above the resistance price level at 7520.0 and set my first target price at 7861.0, take my first profit out of the market, wait to take my second order to aim target price at Fib’s 100% price level at 8448.0 price…

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