Exclusive KE Report Commentary – Tue 5 Mar, 2019

Revisiting The Swing In US Markets To Start The Week

Joel Elconin, Co-Host of the Benzinga Pre-Market Show joins me to share his thoughts on the swing day for the markets to start week. We also discuss move more into FAANG stocks recently and how that can drive markets. Finally we will be watching the jobs data on Friday and more importantly the market reaction.

Click here to visit the Benzinga Pre-Market Show.

  1. On March 6, 2019 at 8:08 am,
    larry says:

    We need to break below and close the /ES 2775 price point to confirm a weekly swing high….Increasing volume would be nice confirmation but not yet essential….First target then is 2713 the TAS daily bottom of box…..Dip buyers still around so far intraday…Good luck to those trying to short this level of technical resistance…Time will tell

  2. On March 6, 2019 at 8:17 am,
    larry says:

    today we completed a nice ABC down on the 3 minute chart….Garley says sell the first retracement of the bear chart…..618 retracement is around 2786…any higher negates the gartley sell pattern…good luck to those trying to short

  3. On March 6, 2019 at 8:29 am,
    larry says:

    /ES would require more than 45k contracts on the break below the B point, 2775.5 to have a confirmed ABC down…I that is the destiny of this potential pattern…if not we consolidaate here in this range and build cause for lower? price

  4. On March 6, 2019 at 8:51 am,
    larry says:

    /ES 10 minute chart from above mention…Someone is trying to protect that 10 minute B point at 2775.5…..B just broke on 60% of the volume…..Bears are not out of the woods yet…Lets see some volume pickup for a margin of certainty…

  5. On March 6, 2019 at 8:53 am,
    larry says:

    /Es on daily chart looks to be way light on volume today to break 3/4/19 swing low with volume but day is young…Also, the dayly candle forming appears to be wide ranging and we need accelerated volume, next

  6. On March 6, 2019 at 10:10 am,
    larry says:

    Are we on the way for /ES to take back the price action of the past 11 days in one move down?…looks to be possible, certainly…I expect some support at 2769 /ES due to a TAS profile control point on daily chart

  7. On March 6, 2019 at 10:31 am,
    larry says:

    /ES 30 minute chart with doji candle…Half way of this leg down?…so around 20 points from 30 minute high today X 2….Target around 2750? before a nice counter trend bounce?….300 minute chart shows possible AB=CD down forming with a1:1 expansion target of 2746 if the B point is broken with volume at 2767.5…good luck traders

  8. On March 6, 2019 at 11:35 am,
    larry says:

    The 5 hour,2,1,30 min charts all have price below Oscillator unchange line with negative Price oscillators…these are bearish trend changes…The daily price is below oscillator unchange with a positive price oscillator …so, things are not bearish just yet…but, the Price oscillator is still below zero line on the weekly chart, so it never actually was a bullish technical picture…The close matters today…I would like the vix to not have a rate of change over 10% today…Then a bounce may be delayed..

  9. On March 6, 2019 at 11:47 am,
    larry says:

    the short term 10min through 1 minute charts have just capped the counter trend rally?…so it appears, but will the tas point of control at 2769 give away to the downside….no idea….The one minute bar shows the volums to be in those nasty red bars…..sellers in careful disributiion?…likely

    it is hard to tell the future

  10. On March 6, 2019 at 12:14 pm,
    larry says:

    because the small caps have broken and it is typical for the major indicies to play catch up….hold over night…and the vix is only up5.70%…perfect for overnight trading down at least into morning gap down…good luck traders!