Recent price action on S&P futures suggests a potential rollover happening now, particularly after today's sell-off. This downturn began after the index peaked at 5,333.5 on April 1, 2024. Despite this, the upcoming Federal Reserve meeting and forthcoming high-profile earnings reports, such as NVDA's in late May, add layers of uncertainty. Notably, NVDA has...
ES again closed with Buyers in control and now we have the Strong Resistance Zone at (ES 5209-5219) where Sellers are likely to be active on 1st test.
Short-term Neutral-Bullish
Intermediate Neutral-Bearish
We have the initial Resistance zone which is the intraday Bias changing zone.
Where the market is going to move if ES/ SP500 holding below initial resistance following the FC announcement then the reason to weakness then could still remain in play for move down to initial support.
/////////////////
Short-term Neutral-Bearish
Intermediate Neutral-Bearish
/////////////////
Balancing after a large move is normal
we had 3 rotations down, tail and V reversal - possible end to big move
anything can happen next, so don't assume things
where are we in the days range?
where are we in the 8 day range?
how are other markets doing?
SP 500
SP 500 Trade setup on broad market weakness.
Stay hold below pre-market resistant.
So ideally wait to see break down pre-market support.
retrace and continue downside.
This algo and automatic drawing system can indicate that an oversold short term furtures index price can retrace to trend extend levels.
the projection in the algo and short term futures or money network index risk may accumulate according to trend regularity 33, with automatic drawings suggesting a cross.
a bear pullback could look like something as indicated on...
E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 5062.25, down 30.25
NQ, yesterday’s close: Settled at 17,658.50, down 222.25
E-mini S&P and E-mini NQ futures finished lower for the fourth session in a row. Most crucially, the S&P tested our rare major four-star support at 5044-5055, this pocket aligns multiple indicators as well as...
The S&P 500 E-mini Futures appear to be double topping at around 4,835 as the end of the trading week approaches, this could result in an end of week selloff that continues into next week. The range in which it could sell off to on an intraweek basis is pretty wide. I would generally target the 800 EMA at around $4,678
Overall Order Flow is Bullish, And With this Market Maker Buy Model I see it rallying Today,
And with that Breaker in Mind I can see it Trading Down into that Creating a Judas Swing,
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Flipping on the index to the downside, correlating with the strengthening in USD?Let's see...
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the...
March E-mini S&P 500 Index futures continued the rally that began at the beginning of November, taking out the recent high from the last week in July. MACD recently experienced a bullish cross by crossing above its signal line. That relationship is widening, which indicates a continuing bullish trend. RSI is getting closer to being overbought at 70, though bearish...
Introduction
The Santa Claus rally, a well-documented phenomenon in the financial markets, particularly in the context of the E-mini S&P 500, presents a captivating study of market behavior during the holiday season. This rally, often characterized by an uptrend in the stock market, offers a confluence of joy and opportunity for traders and investors alike. Our...
Price had a relatively convincing reversal back to the upside.
In my opinion the highest yielding position would be a long from the weekly Bisi annotated on the chart. A short could be identified from the weekly Sibi, but I would be wary that the Sibi could be used as a point of support of there are Discount PD Arrays on lower timeframes within.
A possible...
