nice bounce on ES futures

    ES futures

    Posted by matt on 15th of Mar 2024 at 10:50 am

    nice bounce on ES futures and SPX. 

    remember I said be careful thinking price is just going to easily trend down on a Quad Witch day

    plus as I pointed out below the MA ribbon was super wide on the 15 and 5 min charts of ES, looked poised for a bounce

    here's the updated chart  -

    Posted by matt on 15th of Mar 2024 at 11:01 am

    here's the updated chart  - again was a nice bounce trade off those wide ribbons and dojis and cycles. you had Demark 9 and 13, and on that last high a demark 9 near Steve's resistance zone

    that said, the MA ribbon still may need to be worked off more on that 15 min a bit more, but the bounce trade was nice on futures - about 20 points from the doji trigger, not bad, now pulling back

    SPX wicked down to touch

    Posted by DigiNomad on 15th of Mar 2024 at 10:56 am

    SPX wicked down to touch that next VWAP level to the penny before bouncing hard. Just like yesterday, but the next VWAP down. 

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