Market resistance around the level from now 2795 (4/9/2020)  till 2866/2900 for Emini ES_F My guess for the catalyst will be job numbers which may be shocking to many. Stop may be new lows into the 1500 area – markets do not move in one direction – and there will be plenty of long/short trades if this is the destination. Your trades are your own, don’t risk what you can’t lose and always use mental/mechanical stops.

Old chart showing longer term NQ targets

8/20 Bullish ES above 2950 target 75 then new highs

RiskCap New Customer Special!!  $50.00 Start-Up Fee WAIVED and 20% off annual upfront payment option on any new IQFeed membership! LINK     Contact James To –                                   Toll-Free 800.475.4755 x8432 | james.to@dtn.com

• Charts by https://www.linnsoft.com/

News EST – Big week of events

• Setup Instructions -USE MVV to determine momentum = Red/Green for sentiment – 24 hour/Globex for first 45m to hour then use RTH new profile for sentiment
• Longer Term Expectations – No downturn and buyers are in control – difficult to short on a long time frame unless using options to mitigate risk.

Strategy -Always Apply MVV & VPOC shifts for Sentiment & Risk. Use ONVPOC and 24hour VWAP as a sentiment guide. After 45m minutes of the RTH session use the RTH VWAP and VPOC as sentiment guide & Adjust Risk after 1st Target is hit.

• Value Area Trade Setup  suggest waiting for reaction at POC/VPOC then entering after – POC/VPOC often acts as support/resistance and should allow a tighter stop / better entry after initial reaction.
• Investor/RT‏@InvestorRT  Link https://www.linnsoft.com/comment/221#comment-221

  When open below VAL and move to POC, 63% of time it continues to VAH. When open above VAH and return to POC, 67% of time continues to VAL.

  Value Area Stat Trade 8/17 previous VA is too tight for a setup – this has been the case for all but 2 days the last few weeks – very tight ranges = limited moves.

•  ES_F YHI  2874.25   YLO 2846.50 – VAL 2854–55 main support
•  ES_F Overnights balanced
  • Bull  > While a retrace of previous value is the main theought the Bulls are in cotrol and above 2875 bullish
  • Bull Area – above 2875 and bigger players may be pushing higher – Bullish above 2875
  • Bear Area-  Retrace of previous days value into 2855-57 main thoughts this AM
    
  • Previous Days Sentiment and Overnight Session
    1. Volume – Touch lower
    2. VPOC – Higher & Value Area Higher – Higher
    3. Direction -Higher – buyers in control
    4. Overnights – Balanced

  Information provided on this website is not to be deemed as an offer or solicitation with the respect to the sale or purchase of an securities or commodities.

If a setup does not trigger- Carry it into the Globex session.

• Levels refer to ES Chart attached
• NVPOCs & GAPs are often targets or turning points of support or resistance
• GAPs – 
• NVPOC – 2872.25
•  ES CHART – Bullish above 2875 with retrace of value area into 2855-57 theory of the morning 
  

  
  
  
  
  
  NQ Chart – Bullish above 7025
  

Time to try for the downside for the next few months. Use put options at least 3-5 months out. SPY or ES with your risk being the premium.