ES! D Day tomorrow

[forex4you]

ES! D Day tomorrow

ES! D Day tomorrow

E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1!

Steversteves

Tomorrow is the big day!

So let’s talk about some of that hot, market goss .

What are we expecting? Up? Down? All around?

If you checked out my idea on SPY you know I am fairly neutral. But let’s just take a snapshot of the day’s calculated targets and probabilities, shall we?

Your hundo p target is about to get hit, its that yellow line at 3603.
The purple line which is the predicted close line is trailing above PA. Generally signaling further upside in the making. But its not a guarentee of bullishness, just that we will see more upside to come but we can completely tank after that upside comes.

ES! is NOT attracting buyers. Our buyers to sellers volume ratio for the past 3 days has remained stagnant at 0.27. Seriously, it hasn’t budged! This means no new buyers are coming in and this pretty much just signals range boundness which we can obviously see from the chart.

Probabilities are right down the middle man. They are ANNOYING.

Based on Stochastics, RSI , volume ratio and ZScore there is a slight favouring of the PH2 target at 3625 but odds are extremely high we see both 3590 and 3609. So I am anticipating we hit both of them today.

Which leads me to what i can maybe sort of kind of HYPOTHESIZE from the stats data. The hypothesis is this:

Since the odds are so similar between the second high bull target and the second low bear target, and the odds are pretty like almost certain for the first bear target and first bull target, I suspect, and this is just my guessing really, but I suspect that if the market is going to gap up, and be bullish into this overnight session, we likely will see selling down to these lower targets.

IF we see selling into the overnight session, we likely will see a positive reaction during market hours towards the bull targets.

Now this is just my guess based on the stats analysis, but at the core we have a fundamental catalyst tomorrow. So if you are a news matters type person, really what it comes down to is what the numbers are.

For me, I am more technical/math, so I will be probably very short biased if I see this run up into the overnight session which looks like its trying to do now. I will probably be long biased if we see some dramatic selling leading into the morning.

Just my two cents!
Not advice, tomorrow is going to be volatile so trade safe everyone!

Take care

Source: ES! D Day tomorrow