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Damon Pavlatos

@DamonPavlatos

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Futures and Options Trader- 47 years of experience in the Futures industry. Managed and executed for many of the largest institutions email: damon @fptrading .net

Joined March 2009
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@DamonPavlatos
Damon Pavlatos
3 years
The ES sold off again after the OP spiking down in the AM. The ES bounced & worked up to the opening price by the close. The Europe session had a long liquidation for the 3rd day in a row taking out the RT Lows. We may test of the RT high's in the AM. Pivot=4504 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
Ok.. I wasn't going to Tweet but I wanted to wish all of you a Merry Christmas. Even for those who don't celebrate Christmas enjoy the next few days off. It's a good time to be thankful for who & what we have good in our lives. Thank you for following me. See you Thursday #ES_F
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@DamonPavlatos
Damon Pavlatos
3 years
The ES traded on both sides testing up on the OP & then down later taking out the RT Low's. A short covering rally returned the ES back up. This morning after the news release the ES rallied sharply. Above 4484 or below 4450 we can see a directional move. Pivot=4463 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
My trip in Amalfi coast was much needed. As a Greek/Italian & a US Captain my favorite part of the journey when we rented a boat for the day. I navigated up the Coast to a private island & dropped anchor. I guess it's in my DNA . Now back to navigating the markets.😉 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
I want to share an interesting weekly chart to show the current market. The bulls are continuing this leg up in the ES. We maintained a solid trend up closing Jan of 2023 on the highs. The ES needs to defend the 2022 high volume node around the 4000 level. #ES_F $SPY $QQQ #NQ_F
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@DamonPavlatos
Damon Pavlatos
1 year
The ES tested the prior swing low from 10/04/23. It was penetrated in the AM today & bounced. This was the top of the HVN of 2021-2023. If we get below the HVN we may see another new leg down. Nice to step away from the forest to see the trees..😉🧐 #ES_F $SPY $QQQ #NQ_F
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@DamonPavlatos
Damon Pavlatos
5 years
This yearly chart from 2017-2020 (Trumps Presidency) shows the important juncture we're at.The sharp sell-off stopped at major support.🙄 If we break below the 2830 level that can initiate another big leg down. We may test the swing low of 2853 this week. See Notes #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
After 42 years in the industry I've traded the 87 crash & every major melt down..crazy market since. One thing they all have in common is major volatility & large ranges on the high's climaxing before the sell-off (tip off). The ES is limit down at 2819 until the open. #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
We could be starting a new leg down. A close below 4439 would create a longer term trend down giving a major change in direction. Wait for a close confirming for the move. #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
The Equivalent of the S&P sell-off from the highs to the lows of 3/2007 to 10/2009 if measured from the February 2020 highs would be around 1350. It may be different circumstances from this 2008 example but it is unknown what damage the Coronavirus will create. #ES_F $SPY #NQ_F
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@DamonPavlatos
Damon Pavlatos
5 years
Last night I put out a martini & some cookies for Santa Claus on the fireplace. In my letter to him I asked for a Bugatti Chiron, 1959 Fender Stratocaster & a 100ft Azimut Yacht😉. Instead I received something that money can't buy "An awesome family & friends who care about me"!
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@DamonPavlatos
Damon Pavlatos
1 year
I attached a S&P 5 year weekly chart with yearly volume overlayed. It's nice to step away from the forest to see the trees... 😉We penetrated above a 3 Year High Volume Node that has kicked in a new leg up so far with a 5 week rally. #ES_F $SPY #QQQ #NQ_F #YM
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@DamonPavlatos
Damon Pavlatos
5 years
Happy 2020! Just a summary of the year🧐.The market had an incredible rally in 2019.Major reversals are important to note as they reversed for a good reason.Retests of tops & bottoms need to be respected when testing them.I thought you might find this chart interesting #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES tested the RT lows & held. A short covering rally began after trading back & forth around the Pivot. A bounce is typical after 6 down days in a roll. The indices are not out of the woods yet. 😉Above 4484 or below 4441 can give us a directional move. Pivot=4462 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The Indices are in a fork in the road. 😉The Bulls & Bears are struggling & the Bears have had the up hand. The ES can have a short squeeze in the AM & then a return to test down later. A 2nd close below 4439 would be a confirmation for a down trend. Pivot=4443 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
6 months
I attached a weekly S&P 500 chart with a Yearly Volume overlay. This is a long-term view showing the magnitude of this rally from the covid low of March 2020. We rallied 3300 PTS to last weeks ATH. A picture is better than a thousand words! #ES_F $SPY #NQ_F $QQQ #RTY_F #YM_F
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@DamonPavlatos
Damon Pavlatos
2 years
Friday the bears were in control making new lows on the year again in the ES. The last 30 minutes a rally was sparked sending the ES to unchanged. We attempt to test the ON high's in the AM. Above 3960 or below 3896 can give us a directional move. Pivot=3908 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
This is always a wake up call for me when I bring up a weekly chart with yearly volume overlaid on a candle bar chart, Where we came from can help us see where we can go to from here. 🤔🙄 #ES_F $SPY $QQQ #NQ_F
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@DamonPavlatos
Damon Pavlatos
5 years
FYI...For those who are following me on tweeter I wanted to inform you I will be unplugging until Sept 24th. I'm heading to cruise the Mediterranean Greek Islands with my wife Linda Raschke. Everyone needs to unplug to recharge their batteries. See you in 10 days! 😎
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@DamonPavlatos
Damon Pavlatos
6 months
Last week we broke down after a 5 month Bull run. I added my daily chart showing what caused me to post a sell signal last week based on my own studies. I made some notes on my chart explaining my reasoning. 🧐I was asked to go into detail so I did... #ES_F #NQ_F $SPY $QQQ #YM_F
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@DamonPavlatos
Damon Pavlatos
3 years
Last week the ES rallied off Monday's low's back to the balanced area where the initial sell-off began. This was a retracement at this point as the ES fell shy of a buy signal. The European session went from positive into negative territory trapping longs. Pivot=4454 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES had a long liquidation 2 day's in a row. The ES filled the cave 😉 & then a short covering rally kicked in. The ON sessions continued the rally sending the market back to the scene of the crime...We should see some 2 way trading today on low volume. Pivot=4649 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Yesterday the bulls took control🐂. We had a sharp rally taking out the WK high's & filling the old gap above establishing a upside breakout. The ON sessions continue the rally. We're over extended a bit so we may see a push down after the OP to the RT POC. Pivot=4424 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
Sometimes a picture is better than a 1000 words 🤔 Taking a step back & looking at this weekly chart with yearly volume overlaid over it can give you a better picture of the magnitude how momentum and range has increased in the last 8 years. TGIF #ES_F #NQ_F $SPY $QQQ
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@DamonPavlatos
Damon Pavlatos
5 years
We can't deny this rally in the ES. We made contract highs again during the night sessions. The more traders that can't believe this rally the higher we go. There is nothing bearish for me about this market. When a top is in there are plenty of signs to confirm! #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
After a pop on the OP a steady sell-off followed sending the ES lower over 110 PTS. This leg down was one of the biggest in 2021 😉. The ES left a large GAP above that may gravitate us higher. I expect 2 way trading in the middle trying to regroup a bit. Pivot=4350 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
GM my twitter friends! I took off a few days to move down to Florida. 😉 See you tomorrow... #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Friday the ES opened traded lower eventually testing the GAP below. The Asian session continued to breakdown testing & holding the HVN. The ES will open inside the GAP area & may coil on light volume. Above 4388 or below 4352 may give a directional move. Pivot=4376 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The Indices have price overlay this week with large swings both ways but neutral for now. The ES tested major levels below but has not confirmed. Above 4484 or below 4439 are the upper & lower pivot levels. FYI today is triple witching expiration.😉 Pivot =4466 TGIF #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The struggle between the bulls and the bears continue! Monday's key reversal from low to new ATH set up a bull trap. These large swings at the top can signal a possible correction may be around the corner. We may test the ON lows this morning. Pivot=4443 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
This ES 30 min chart shows the volume for the US day session. There was some serious liquidation & down volume today. We had twice the volume of the 10 day average. 2.4 million VS 1.4 million. We closed lower on the year today. 3237 is pivotal in tonight's session #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Yesterday the ES gapped higher rallying in the Am almost filling the old gap above & then the erased all it's gains in the afternoon. We have a Gap below that we may move into later. We may have some 2 way trading unless we get below 4381 or above 4425. Pivot=4408 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
1 year
Here is a macro 8 year look at the S&P. This is a weekly chart with a yearly volume overlay. A picture is better than a thousands words . 🧐😉 We may fill the cave... #ES_F $SPY $QQQ #NQ_F
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@DamonPavlatos
Damon Pavlatos
3 years
I'm back in the saddle after my move to Florida. 😎 The indices had a nice rally since the upside breakout from last Thursday. The ES may try to push a bit lower after the OP but I don't expect much. We may see some consolidation inside yesterday's RT range. Pivot=4507 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices are up this morning but still under pressure & remain in a negative phase. There could be a push higher into 4327 (back into the cave) in the AM & then a return to lower later. The ES could coil today & see some 2 way trading. Pivot=4296 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
After a huge range expansion day the markets usually regroups & range-volume shrinks. Also today is Veterans Day & most of the banks are closed so not much happens ( Veterans are traders too!😉) I want to thank all Veterans for their service & loyalty to our country. #ES_F $SPY
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@najjal999
Naj
3 years
@DamonPavlatos How can you tell that today will be low volume?
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@DamonPavlatos
Damon Pavlatos
4 years
Yesterday the ES opened on it's lows & began a slow trend day up grinding higher until the close. The night sessions pushed down staying inside the US session. We are at an equilibrium point that may create a 2-way trade. 3895 & 3946 are major levels. Pivot =3925 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
I thought I would show how the day wound up. We tested major support & resistance within 1 hour of the close. The test down was on small range bars & decreasing volume. Major support was tested followed by a 75 pt short covering rally into the close.😉See ya Monday! #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
I found this chart to have merit enough to show. As you know I have been a bull for quite some time. I'm not yet calling a top yet but we may have a pause for a bit. An Equal measured swing may suggest the ES hit a short term objective. Some profit taking may occur soon🧐 #ES_F
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@DamonPavlatos
Damon Pavlatos
3 years
Happy New Year my friends! The indices opened up last night popping to the upside ( shocker! 😂) . We can have some choppy movement the 1st week of the year as funds & investors place their bets. We may see a move up in the AM to test the ON high's. Pivot=4768 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
Today's creeper- grinder move up is typical of a bull trend. It would grind higher on low volume and volatility. Markets that rally quick usually come back down quick. The more traders try to short this rally the higher we go & squeeze to the upside. 🤔🧐 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES made 8 new high's in row after the gap & go out of balance from the Oct,14th breakout. The ON sessions moved higher making new AT high's as the bulls are still in control. We may test the ON high's on the OP & move lower later to try & fill the gap. Pivot=4559 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices traded in a small range on low volume until the FOMC release. After the release a dog pile rally began 😉. Major swings in all sectors yesterday stirring up the pot. We have a huge cave below in the ES that we may gravitate lower after the OP. Pivot=4642 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
That was a fun interview with Linda Raschke (my wife) who tells all!!😮 One of the reasons I married Linda is her sense of humor... As a trader for over 40 years myself you need to have fun & thick skin to make it. Check out this podcast! It will make you smile & laugh.😂
@LindaRaschke
Linda Raschke
5 years
I had a lot of fun doing this last night - Super entertaining hosts for this podcast!
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@DamonPavlatos
Damon Pavlatos
2 years
The ES traded in a tight range working on damage control fighting to stay positive. The ON sessions stayed in a small range as well. We have Expiration tomorrow adding downward pressure to the ES. Above 4003 or below 3925 we can see a directional move. Pivot=3968 #ES_F $SPY $QQQ
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@DamonPavlatos
Damon Pavlatos
4 years
Friday's flush down the last day of the month created a climax low as the weak longs covered. We had a nice bounce equal to the sell-off from the 25th. An over reaction down creates a over reaction up. Now what ?😉 We may consolidate inside yesterdays range. 3894=Pivot #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES tested the 4740 resistance level were the breakdown began from last week. After the morning rally there was a move to test the ON lows. Then it traded around the POC closing in the middle. Above 4740 or below 4694 we can get a directional move. Pivot=4724 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Monday ended with a key reversal that kicked off the down move giving us a warning. When the news hit the tape it added the fuel for a new leg down. We could continue this short covering rally up & try to may test the 4656 level first in the AM. 😉 4618=Pivot #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES squeezed higher closing on the highs. The night sessions continued the rally on low volume. Momentum has slowed as we come into good overhead resistance. We are extended so we may push down off the ON highs & move down looking to come into balance. Pivot=4342 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Yesterday the indices started a new leg down after trapping bulls on the failed retest from last week. 😧The ON sessions moved testing the 4600 area. We may be in repair mode today testing both sides of the ON range. We could see a test down after the OP. Pivot=4565 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
The ES held the 4070 support at the bottom of a 6 day consolidation. The Bears & Bulls continue to fight it out.😉 We may first test lower after the OP & then rally to unchanged to fill the Gap. Below 4106 & above 4169 can give us a directional move. Pivot=4118 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
I attached an interesting chart that I thought I would share. I created a ES & NQ -3 year weekly chart with a yearly volume overlay for Jan 2019 to Jan 2023. You can see how much more the Nasdaq sold off from the 2022 highs. Look at the high volume nodes.😉 #ES_F #NQ_F $QQQ $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
We filled the cave in the first hour & moved higher. The ES broke down the last half hour failing to close above the HVN & the POC. The ON sessions continued the sell-off. Still in a negative phase & not out of the woods. The ES may test lower on the OP. Pivot=4320 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Yesterday the Indices found balance near the swing high's consolidating in a tight range. The overnight sessions continued trading inside as well. We might see a test lower in the AM to fill the cave below & gravitate in the direction of the gap below. Pivot=4675 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
I attached an interesting chart that I posted yesterday for my trading room.... I thought I would share🧐.You can see how the major selling liquidation came in as volume went from below average to above average by the last hour. A volume climax came at the close. #ES_F $SPY #NQ_F
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@DamonPavlatos
Damon Pavlatos
3 years
The Asian ES session tested the RT low's & then began a short covering rally into the Europe session. The ES is almost half way back from Friday's low. We should see some 2 way trading this AM. We may test up on the OP & then move lower later. Pivot=4467 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES tested the ON high's after the OP & proceeded to single time framing higher to the close. The ON sessions consolidation near top of Friday's RT range. We may trade sideways in the AM. Above 4468 or below 4430 could give us a directional move. Pivot=4440 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES rallied above 4798 the AT high's spiking slightly above trapping the bulls. A push down started late in the day moving the market below the 3 day consolidation. The last day of the year may provide some 2 way trading. Happy New Year to all😀! Pivot=4777 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES came into balance near the highs. We have price overlap in the last 5 sessions. The ES traded in a tight range on low volume. Above 4492 or below 4476 we may see a directional move. I consider these levels as upside & downside Pivots today. #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES traded on both sides of the OP staying inside the ON range closing on the lows of the day. The ES is still in a negative phase trying to balance here. The bears still have control for now. Above 4365 or below 4316 we can see a directional move. Pivot=4338 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices rallied early in the AM & then returned lower. The ES filled the Gap below in the afternoon closing near the LOD. The ON sessions traded lower holding the 4317 support. The ES could trade lower after the OP & then move back up later in the day. Pivot=4368 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices suffered major losses reacting to the Sunday's spike in crude & Ukraine news. Asian session continued to sell off & then rebounded in the Europe session. We may rally in the AM but we're still under pressure & could have some 2 way trading. Pivot=4217 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
The Indices continued to rally until the close. The ES has bounced off the June lows more than 50%. June had over a 550pt range making it the largest monthly range since the COVID sell off in 3-2020🧐. There may be some 2 way trading inside the ON range. Pivot=3887 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
So far we have less than a 15 pt range...below the 10 day average range by 30% but volume is above the 10 day average. This tells me we will probably expand this range before the end of the day. My bias is a rally up into the close... 🧐 #ES_F $SPY #futures
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@DamonPavlatos
Damon Pavlatos
1 year
After a 3 day weekend the Bulls and Bears may fight it out. We have 4 days of consoldation in a 50 point range. There is major price overlap looking for some leadership out of this area. Above 4534 or below 4496 we may get a directional move. Pivot=4519 #ES_F #NQ_F $SPY $QQQ
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@DamonPavlatos
Damon Pavlatos
6 months
I attached a chart update on the weekly S&P's I posted 3 weeks ago. The indices are working off a bit of the extended push down. We're still in the 2nd leg down on this correction & we're not out of the woods.🧐 We could see a test of the previous RT Highs in the AM. Pivot=5033
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@DamonPavlatos
Damon Pavlatos
3 years
The ES tested down to Tuesday's ON lows & then proceeded a short covering rally back to the HVN & closed above resistance. A continuation up in Asia & Europe followed. We may see a test up in the AM to try & fill the old gap 4406-4424 & then a return down. Pivot=4372 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
Ok...this is like a reoccurring nightmare!😮Same thing a different day. The ES had 7 days -18 sessions of price overlap creating a large coil-consolidation on low volume. Until we get above or below 3156-3055 we will continue to chop. My pivot is 3110. #ES_F $SPY #NQ_F
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@DamonPavlatos
Damon Pavlatos
4 years
Last week the markets showed a bit of fatigue & uncertainty. Yet we closed in the safe zone. It isn't over until the _____ ____sings! 🤔We penetrated the weekly trend but didn't close below it....Hmmm wait for a conformation. 🧐 Call me crazy...!😛 #ES_F $SPY #NQ_F
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@DamonPavlatos
Damon Pavlatos
1 month
I attached 3 weekly S&P charts that I posted on Twitter-X . The 1 from May 15th showing the projected objective. The 2nd chart on August 5th shows how it hit the 2024 objective & then sold off to the pocket also the 2024 High Volume node. The 3rd chart as of today is how we
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@DamonPavlatos
Damon Pavlatos
1 year
I updated the weekly chart I posted 3 days ago. The ES defended the major level of 4171 the bottom of the weekly 3 year HVN. We may move back up to the 4212 level in the AM. We're at a major pivotal area. Below 4171 we may began another big leg down.😉 #ES_F $SPY $QQQ #NQ_F
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@DamonPavlatos
Damon Pavlatos
3 years
Ok here's the scoop....FYI My grandson calls all my trades & posts the charts you see...😂
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@DamonPavlatos
Damon Pavlatos
2 years
FYI my friends... I will be taking off this week. Happy Thanksgiving to all who celebrate it. Meanwhile have a nice week.... #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
Yesterday's sell-off was a continuation of the 2nd leg down. The over extended conditions led to a bounce from a combination of short covering & some bottom picking. The bulls & bears may fight it out creating some 2 way trading before the FOMC tomorrow. Pivot=4353 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
There is a Santa Claus!🎅 The ES opened & continued the rally from Monday lows. The 1st 30 minutes had one of the lightest volume this year. The ON sessions made a new high & stayed in a small range. 4707 & 4680 are important levels. The AT high's are near😉Pivot=4680 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
The ES tested the ON high's on the OP & then proceeded to move lower filling out the cave below from the ON sessions. This morning the Europe session began a rally taking out the RTH high's. The indices may move higher in the AM & then pull back down later. Pivot=4477 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
The ES is neutral. We have 12 sessions of sideways consolidation on light volume with major price overlap & small ranges.This will make it a choppy trade until we have a breakout with increased volume to confirm. Above 3233 & below 3188 are the levels to watch. #ES_F #NQ_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES opened & started a short covering rally filling the Gap. The ES slowly trended higher to fill the cave above. Typical after 3 large down days we see a bounce. We may work our way up in the AM & then test lower in the PM. A bit of 2 way trading today. Pivot=4394 $ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
Yesterday the ES open right below the pivot & sold off never retesting the opening price.There was a long liquidation again that took the market below last weeks low. Above or below 3453 or 3408 are major pivotal levels to look for a directional move.3424 is my pivot #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES had a bull trap during the ON sessions before Monday's RT session. Rotation out of ES-NQ into the RTY & Dow was the theme yesterday. We may try to bounce 1st to try & fill the GAP above & then retest lower. Many cross currents today in all sectors. Pivot=4411 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES consolidated inside of Friday's range on low volume with some 2 way trading chop. The ES is trying to balance here. Above 4712 or below 4664 can give a directional move. We may still trade a bit sideways today & continue to balance. Pivot=4695 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices caught a nice rally. The ES made it up to the HVN (the scene if the crime 😲).This 4 day extended bounce squeezed the Bears but the ES is not out of the woods. We may have a push down today & some consolidation inside yesterday's RT range. TGIF Pivot=4432 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
The ES tested the 4405 & 4363 levels & held. We had wide swings on both sides. The indices are trying to hold but may get a big push lower this week. A close below 4378 in the ES can set off a new leg down.🙃 On the OP we may try & test the ON low's. Pivot=4391 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES failed to test the RT high's off the OP trapping Bulls. A long liquidation followed sending the market sharply lower. The markets are flirting with a possible major leg down. 4650 or 4680 are pivotal levels. We may try to test the ONL on the OP. Pivot=4667 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
5 years
Yesterday the ES Opened lower & sold off with extremely heavy volume. The volume exceeded almost twice of the 20 day average volume for the first half of the day. This type of volume & volatility we saw yesterday for me shows signs of more to come. 3355 is my pivot. #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
FYI 🧐The more the bears look for a correction the stronger the short covering rally 🙃.Bear Traps occur when there is an overly bearish sentiment in a bull market. The ON night sessions rallied only 3 pts to testing the ATH. We may test both the ONH & ONL. Pivot=4403 #ES_F #SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES rallied in the first hour after the OP & then proceeded to break down on the Ukraine news. The ES closed near the POC. There can be some 2 way trading today as uncertainty plagues the markets. On the OP we may trade down to test the ON lows of 4309. Pivot=4326 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 years
The ES traded lower off the OP on Friday & failed to test the European lows. This left a good bottom for the Bulls as a Bears ran for cover. We have the makings of a short term bottom forming. The ES could test the October swing high of 3819.50 in the AM. Pivot=3763 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES tested but failed to take out the ON high's on the OP yesterday & then moved lower to fill the Gap below. The ON sessions traded inside the RT Range. If we trade above 4693 or below 4667 we can get a directional move. Pivot=4680 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
This morning the ES rallied to test the contract highs taking it out by a few ticks & then backed off. Another retest of the highs failed after a volume divergence occurred at the current highs trapping longs. A 13 PT sell-off followed after the volume divergence. 🧐 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
Today was a grinder up in the ES as expected when making new contract highs the day after the Christmas weekend. It's typical to have a rally in the end of December. Today's volume, range & initial balance was well below the normal range. Never sell a slow market 🧐😮 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
I'm so glad I can make a difference. I was fortunate to have worked and learned from the greatest traders. I'm glad I can pass on some of 43 years of my experiences and knowledge as a trader. Keep the faith! #ES_F $SPY
@Ubiexechange
UBICOIN
3 years
Your really help my life thanks
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@DamonPavlatos
Damon Pavlatos
3 years
The bears continued the ON session long liquidation in the AM. The ES stopped at the balanced area triggering a short covering squeeze. The bulls jumped as well taking the ES to new AT high's. Over reaction down causing a over reaction up. We're neutral now. Pivot=4463 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
2 months
I attached an updated chart in the S&P showing the last 4 years. This is a weekly chart with yearly volume overlay. We are below 50% off the highs for the year. The next major volume node comes in at 5130. Come & join us at: #ES_F $SPY $QQQ #NQ_F #EC_F
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@DamonPavlatos
Damon Pavlatos
2 years
The ES failed to test the ON highs leaving a bull trap above. When Fed chairman Powell spoke a long liquidation began pushing below the RT lows adding fuel to the fire sale 😉. We may try to test the ON highs on the OP & then a turn down can follow. Pivot=4057 #ES_F $SPY $QQQ
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@DamonPavlatos
Damon Pavlatos
3 years
The ES traded positive in the AM but failed to test the previous RT high's. A slow move to the down began that accelerated down sharply later in the day. There some repair work to be done in the AM. On the OP we may test higher & turn down later. 😉Pivot=4562 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The indices rallied in the AM & broke in the PM 😉.The ES failed to test the previous RT high's again. Sellers came in & longs dog piled out! The ES closed below major levels. This new leg down isn't over. We may chop near the lows today trying to regroup. Pivot=4480 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
4 years
The indices continued the rally from the March 4th lows. We may have a pause today to do some consolidation. This area has good over head resistance. We may test higher on the OP & then test lower later.3910 & 3852 are important levels to watch in the ES. 3872=Pivot #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The ES gravitated higher to fill the GAP to 4406. The ES then sold off down to the daily POC. The Globex sessions began a slow move taking out the RT high's. The ON rally was a bit of short covering managing the damage 🙃. We may test down after the OP. Pivot=4385 #ES_F $SPY
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@DamonPavlatos
Damon Pavlatos
3 years
The key reversal from Monday played out sending the markets down to test major support. A short covering rally saved day the last hour but we're not out of the woods yet🤔. We're flirting with a possible new leg down if we take out the RT low's. Pivot=4674 #ES_F $SPY
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