In May, against the background of the rising prices of non-ferrous metals and precious metals, international crude oil prices did not follow suit, but continued to fall from the high point set in April. At a time when global monetary policy is about to enter an inflection point of easing, U.S. inflation is resilient, China's economy is recovering moderately, and crude oil is in the same macro environment as other rising industrial products. Why hasn't it risen sharply?The macro environment is favorable for commoditiesIn overseas markets, the expectations of central banks turning to easing are very strong, especially the decline in inflation in the United States, which has stimulated the Fed's interest rate cut expectations to heat up again. The United States released inflation data for Apr

In this latest market update, I will continue my analysis of the $Micro E-mini S&P 500 - Sep 2023(MES2309)$, which had been grappling with significant bearish sentiment, as previously discussed. The break above the resistance level at 4447.50 had piqued my interest, as it is sparking the possibility of a short-term bullish upswing. 1 Hour Chart The S&P 500 futures price displays remarkable resilience, consistently forming higher lows and navigating confidently within the confines of an ascending channel, signifying a robust and ongoing bullish momentum. The channel's unbroken continuity underscores the potential for the bullish sentiment to endure, contingent upon the price's ability to stay within this channel. Traders are strongly e

In today's market update, our focus remains on the $E-mini S&P 500 - main 2312(ESmain)$, which has recently grappled with a notable bearish sentiment, as discussed in previous analyses. The critical support level of 4496.25 was breached, indicating the potential for an extended bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Higher Low Formation Presently, the S&P 500 futures market is in a consolidation phase, showcasing signs of a potential shift in momentum. Notably, higher lows have been established, which is a positive development. To foster a short-term bullish outlook, it would be advantageous if the price successfully retests and maintains levels above 4447.50. Such a move would signal a higher low, raising the probab

In today's update, let’s continue to look at $E-mini S&P 500 - main 2309(ESmain)$ which has encountered a substantial bearish sentiment in recent sessions. As previously discussed, the market had breached the critical support level of 4496.25, indicating the potential for a prolonged bearish trend. 1 Hour Chart Current 1-Hour Chart Analysis Presently, the S&P 500 futures are consolidating within the range established during the previous trading session. For a potential bullish scenario to materialize, it would be favorable if the price successfully retests and holds above 449.23. Such a development would signify a higher low, increasing the likelihood of an eventual breakout to the upside. Conversely, if the price revisits the range of

In today's financial update, the $E-mini S&P 500 - main 2309(ESmain)$ has experienced a significant development, further emphasizing the prevailing bearish sentiment. As discussed in our previous analysis, the market had broken below the critical support level of 4496.25, indicating the potential for a sustained bearish trend. 1 Hour Chart Bearish Momentum Intensifies The market's price action has demonstrated the strength of the bearish sentiment as attempts to reclaim 4496.25 were unsuccessful. Instead, we witnessed a substantial decline, with the price reaching as low as 4447 before experiencing a brief bounce towards the range of 4466 to 4473. It's essential to note that this bounce should not be interpreted as a signal for a full-fled

In today's update, we continue to witness a bearish bias in the price action of the $E-mini S&P 500 - main 2309(ESmain)$. As we discussed in the previous analysis, the market encountered a breakout from the uptrend channel. This signals the potential emergence of a bearish trend. 1 Hour Chart Key Levels to Watch The price action currently stands at 4496.25, emphasizing the bearish sentiment observed recently. It's crucial to monitor this critical support level closely, as it plays a pivotal role in shaping the market's future direction. In the event of a breach below 4496.25, the next support zone to keep a close eye on is the range between 4477.50 and 4485.50. This range represents a significant support area, and

Today's financial update brings a shift in market sentiment as the $E-mini S&P 500 - main 2309(ESmain)$ encounters resistance at the critical level of 4531.75. This rejection has led to a breakout from the previously observed uptrend channel, signaling a potential shift towards a bearish trend. As investors and traders adapt to this scenario, it becomes essential to assess the current situation and consider strategic adjustments. 1 Hour Chart The price action now leans towards a bearish bias, with the next significant level of interest standing at 4496.25. A decisive breach below this level could pave the way for further downside movement. Traders are advised to monitor this critical support level closely as it plays a pivotal role in dete

The $E-mini S&P 500 - main 2309(ESmain)$ is displaying a compelling technical setup. Currently riding the waves of an uptrend channel pattern, the market finds itself in close proximity to a minor resistance level. Traders closely eyeing this situation believe that a decisive breach above the key level at 4531.75 could pave the way for a noteworthy ascent towards the upper boundary of this channel. 1 hour chart This scenario sets the stage for an intriguing trade idea. Should the E-mini S&P 500 successfully overcome the 4531.75 resistance barrier, it could signal the resumption of the prevailing uptrend. Traders could consider going long on E-mini S&P 500 futures, capturing the potential gains as the index strives to reach higher w

S&P 500 E-Mini Futures ( ES_F ) Made Rally From The Blue Box Area June 14, 2023 By EWF Vlada Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of E-Mini S&P 500 ( ES_F) published in members area of the website.  ES_F is showing impulsive bullish sequences in the short term cycles. Recently we got a 3 waves pull back that has ended right at the Blue Box zone.  In the further text we are going to explain the Elliott Wave Forecast. ES_F Elliott Wave 1  Hour  Chart 06.08.2022 Rally from the 4114.2 low is unfolding as impulsive bullish structure which is still calling for further upside. We got short term pull back in 3 waves that has reached extreme area 4267.7-4244.6 ,  blue box ( buying zone) . As our membe

Mon Aug 22 I checked and I did put out entry and subsequent adjustments of this trade in prior posts. Real-time trade posts will always have a time of day along with the date for verification purposes. I use a variety of criteria to take trades but the chart below shows a simple stochastic method that could have nudged you into this trade. Stochastics, MACD, and RSI all work well to find potential setups. I like some price/indicator divergence. I also like to see some range compression after a nice move. Pessimism was thick going into late July. Misinterpretation of the Fed was all it took to ignite a nice little short squeeze from 3800 to 4300. At 4300, I felt the euphoria was way overdone and for some of the wrong reasons. It was an easy entry and frankly easy to hold as it ga

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