05/03/2020 Important Equity Market Update
( Below is taken from today's Weekly Focus Post , where we send out weekly and daily updates like this to members )
I am adding this here because of its potential significance - and possible implications,
Traders, all ducks are in a row for a significant move to the downside - I think.
ES Daily
Crucially, we are once again trading back below 200MA and daily f3 resistance.
240min
we covered the gap near the open.
ES 60min
Testing 60min MACDP to the downside
ES 30min
Crucially - 30min MACDP is down - in my favor.
I am short based on context from 60min up to Monthly, all pointing down.
Looking for a break of 30min TP and 60min TP to confirm my downside bias.
ES 5min
Even 5 min MACDP is pointing down.
All ducks in a row, at this moment, from the 5 minute all the way up to the monthly chart, pointing towards a flush to the downside. ( only 240min trend is against me - I'll take that! )
Thats my expectation at this moment and I am looking at dynamic pressure on the 5 minute chart right now, to confirm my bias.
Best of Trading,
good luck!
Joseph AuXano
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
