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 had shallow retrace of Hr Gartley followed by completion of Garfly, now watch for either Retrce Mode to ideal min tgt 2356 or extended upside tgt 2388.25 for Crab.
NQ_Fin Retrce Mode of STRg8 Crab, ideal min tgt at 5500.25, alot of convergence there so will be important sup test, but a hold above 5500.25 or more important 5508.5 has ideal tgt 5561.5 w/ scaling pt 5515.75.
CL_F in between opposing emerging patterns on STR20 chart, a Be Shark & Bu ABCD. Currently price is testibg lower PRZ of Hr Bu Shark w/ 48.25 as extreme. Initial lvls to brk & hold are above 49.51 or below 49.22. A LOT of unfinished bus above 49.51 VWAP but failure to get up there has lower tgts.
GC_F still in emerging str20 green Bat but if price can hold above its GRZ 1278.5, there’s a smaller emerging brown Bat w/ PRZ tgt 1287.4. Since the STRg8 Be Bat has so far failed to retrce, the pull is to upside but a hold below GRZ is caution for upside.
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.