Premium Harmonic Intraday Charts for 05/02/2017

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

Futures Pattern Scanner by Neoharmonics:

ES_F has same scenario as posted for 5/1.  Keep eye on STRg8 blue trendline, as long as it holds above there the implication is that Dp Crab wants to play out, increasing in that bias above X pt then more important 2391 SL.  Overall intraday view has price holding inside 707 Bfly PRZ.

NQ_F invalidated the Crab as described for 5/1, Now I’m watching if the STR20 ABCD at 5635.75 will begin a Retrce Mode, if so, below 5629.5 is initial sup to take out & ideal min tgt at 5598.5 w/ scaling pts at green GRZ.  This GRZ belongs to / STRg8 emerging Bat that wants to help out but keep eye on AC trendline, if can’t hold price dn, could still be forming C pt or upside continuation has ideal tgt at green ABCD at 5649.5  Momo is key, note the STR20 has neg div & below OB region would help pull price dn.

CL_F has same analysis as 5/1.  STRg8 has key sup at AC trendline, decreasing the tan Bat’s probability if b/d there.

GC_F invalidated brown pattern as specified for 5/1 & in doing so completed a DpCrab & larger Bat, currently price is in decision mode, note a brk & hold beyond STRangemarker lvls 1257.9 & 1257 (blue zone on STRg8) w/ momo moving away from midpt offers a probability of directional tgts.  Upside brk has ideal min tgt for smaller pattern at 1261.6, there’s an STRg8 Bat that will help that scenario.  A hold below STR20 PRZ, but more important below 1251.2 has extended PRZ tgts 1242.6 & 1217.8.

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