The Weekly R2 (Pivots) and the Head and Shoulders in a 60" chart

10 jun 2020

There is a head and shoulders sell pattern in a 60" chart. If you study this chart closely they have been bouncing off the weekly R2 on corrections.

It will be interesting to see if they start buying again there. I will go long there again. I colored the weekly R2 in yellow so you can easily see it.

It's at 3160. The 200 EMA is another likely place to bounce 3135.

10 jun 2020

Nota

The ES 3180 is the 100 EMA another possible bounce point.

10 jun 2020

Nota

I wanted to be in cash until after FOMC. We hit one of my targets within a few points so i have reentered long after hours.

11 jun 2020

Nota

Well it looks like we reached all 3 of my targets, and a little bit more to reach my support line (the heavy green line) in the overnight session of GLOBEX. Not surprising as it just feels like this is where the BILDERBERGS make a lot of their moves. AKA "the Fed", paper, the Owners of the Gambling Casino. If a new trader can learn to read and predict their moves, they will be more successful. They got the correction on the charts, and now they will likely begin to take it back up, even before the Cash markets open here in the West.