ES' Warning Signs 9/6/2020
ES at the daily view.
This is a project that my trading team and I are conducting. This is 6 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
The dotted red line is the usual upward channel's resistance. Normally, the ES just grinds along that resistance line. However, whenever the ES closes days above the dotted red line, it creates a local blow-off top pattern. Unlike the NQ, the ES seems to be more consistent with this channel.
The NYAD had a bearish divergence a few days before the ES started it's correction. It finally played out.
Currently, there is a bearish RSI divergence in play right now. Not sure how far this will go.
This is a project that my trading team and I are conducting. This is 6 of 9 charts (available on Trading View) that searches for clues for an imminent correction by using both June and September 2020 cases. It's a comprehensive overview that connects the charts volatility, trends, divergences, credit, and currency strength.
The dotted red line is the usual upward channel's resistance. Normally, the ES just grinds along that resistance line. However, whenever the ES closes days above the dotted red line, it creates a local blow-off top pattern. Unlike the NQ, the ES seems to be more consistent with this channel.
The NYAD had a bearish divergence a few days before the ES started it's correction. It finally played out.
Currently, there is a bearish RSI divergence in play right now. Not sure how far this will go.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.