Premium Harmonic Intraday Charts for 04/19/2017

When intraday levels or patterns are exceeded or invalidated or you want more detailed analysis, please refer to charts posted for the week, click here

ES_F hold below 2336.75 has 707 Bfly PRZ tgt 2311.25 to 2302.25 & scaling pts at 2324.25 & 2317.75.  Should price be able to hold above 2336.75 the implication is to retest top of cyan GRZ 2353.25, above there would take out AC trendline & shift intraday bias to up.

NQ_F has dbl PRZ at 5432.75 up to 5453, that’s quite a range, so how you look at it is if price gets to 5432.75, will it go into Retrce Mode w/ 38.2% pb being extremely important, but a shallow retrace of Shark (or 50% for the 5-0) then the probability of testing extended Shark & Dp Crab will increase up at 5453 area.  A b/d of PB tgt 5379.75 has purple GRZ as gauge … where can price hold beyond it.

CL_F has two emerging Bat’s in play, one as specified for 4/18 analysis and a larger one shown here that was auto plotted, offering lower tgt of 51.51 providing buyers cannot step in at the 52.23.

GC_F 1278.5 sup tgt (specified for 4/17) found buyers ahead of it at 1280.6, this bounce has shifted the dynamics of the emerging pattern to Bfly.  Initial lvls to brk & hold are above 1293.4 then more important 1297.4 which would invalidate Bfly & focus on ABCD at 1303.8, or below 1288.5 which has very strong convergence for intraday bias test, below there risks shifting bias to dn w/ Bfly as ideal tgt at 1267.9 & scaling pts at cyan lvls.

Have a question about an instrument not listed?  Just ask me.

Trading involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results.