11/21 Tracking the SP500 Index

As day traders we seek the best risk/reward scenario.

There are many strategies to trade. I will post charts with algos, fibonacci, orderflow balance, and support/resistance. You decide how you are wired to trade. I trade what I see and others trade what they see and that’s how we all thrive.

To begin we will look at a couple of long term charts :

ALGO

Does history repeat itself, could ES hit 4120? Compare the last time ES hit the top line, do you see how the candle before hit the bottom line first

FIBONACCI

ES now being held below the 38% retracement zone.

ORDERFLOW BALANCE

Balancing during a Holiday week waiting on Fed speak.

The market is consolidating since the CPI move on 11/9. We have mostly traded in an 80-point range.

In the US only licensed and/or registered investment advisers can offer investment advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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