When starting you only want to focus on trading with momentum. So in this case with e-mini we are looking for a long entry setup. Price has a bit of work to do yet in this current retracement. Lets see how it goes.
Overnight session market has rallied to Fibonacci 1.618 extension of yesterday's RTH session, there could be resistance at this level. Test of ETH Highs should provide some direction for the day. Level to watch 3255 --- 3253
Initially during overnight session, market sold off and currently it is trying to rally. Need to see a test of Fibonacci 50% level from Friday's RTH session for direction. Level to watch 3212 --- 3210
Market open saw a violent turn to the downside which broke prior a two touch support and then quickly retraced giving us a swing failure to trade. Just watching how this one goes.
Tried to break out of this accumulation/range 4-5 times and sold off. Short targets below this level. Targets 3142 and 3107. If it breaks out of yellow zone wont look to short it.
Market has been trading sideways during overnight session, except this morning. Would need to see a test of ETH Highs for direction. Level to watch 3205 --- 3203 Report to watch: US:Consumer Sentiment 10:00 AM ET
Yesterday Bulls tried to put a rally together, but Bears had another plan. Overnight session sellers have been in control and pushed prices to yesterday's RTH session Low. Level to watch 3202 --- 3200 Reports to be aware: US:Business Inventories 10:00 AM ET US:Housing Market Index 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Overnight session market has rallied to test Monday's High. Test of ETH High should set direction. Level to watch 3225 --- 3223 Reports to be aware: US:EIA Petroleum Status Report 10:30 AM ET US:Beige Book 2:00 PM ET
This is the ES at the 4 hour view. Banks earnings were today - especially JP Morgan and Wells Fargo. Why did the ES rally? FOMO bears. Everyone was expecting bank earnings to be bad. So, if everyone is already bearish , they already have short positions in anticipation of bank earnings . ES' projected supports were near the VPOC around 3115 or the flag support...
Even though, market has rallied during overnight session, but trading within a range. Test of ETH High should give direction for the day. Level to watch 3194 --- 3196
Overnight session market sold off to test yesterday's RTH session low, then rallied to test Fibonacci 50% level and was rejected twice. Any test of yesterday's RTH session Fibonacci 50% level should set direction. Level to watch 3133 --- 3135
Market seems to be going to test Fibonacci 1.272 level during this morning. Any test of ETH High would set direction for the day session. Level to watch 3163 --- 3161 Reports to be aware: US:Wholesale Trade 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
Yesterday afternoon market sold off aggressively to close below morning session Low which means that sellers are in control. Test of yesterday's RTH session Close should provide direction for the day. Level to watch 3136 --- 3138 Report to be aware: US:EIA Petroleum Status Report 10:30 AM ET
Overnight session market has sold off substantially to Fibonacci 1.618 level from yesterday's High. Test of yesterday's RTH session Low might set the direction for the day. Level to watch 3165 --- 3167 Report to be aware: US:JOLTS 10:00 AM ET
Hello traders, Description of the analysis: Important H1 s/r zones where it is appropriate to time positions. Gray support for long positions, red resistance for short positions. The thickness of the zone adds to the importance of this zone. Remember that the red thin line indicates the price where the most trades took place for a given volume profile, so this...
Market has rallied during overnight session and will Open gap up. Need to see a test of ETH High for direction. Level to watch 3163 --- 3161 Reports to watch: US:PMI Services Index 9:45 AM ET US:ISM Non-Mfg Index 10:00 AM ET
Market has rallied above Fibonacci 1.618 extension level during overnight session. Since it is right before holiday trading, we could expect some sort of pullback at ETH High. Level to watch 3030 --- 3028 Report to watch: US:Factory Orders 10:00 AM ET US:EIA Natural Gas Report 10:30 AM ET
After couple of days of decent rally, we might see some sort of pullback which is normal. Today might be a wide range day due to volatility in the market. Level to watch 3079 --- 3077 Reports to be aware: US:PMI Manufacturing Index 9:45 AM ET US:ISM Mfg Index 10:00 AM ET US:Construction Spending 10:00 AM ET US:EIA Petroleum Status Report 10:30 AM...