SPY | Informative | Day Trading 04-03-2023CME_MINI:ESM2023
Here are the price targets based on bullish and bearish price actions.
Es!1
S&P 500 continue with the Uptrend ☝️On S&P 500 is nice to see strong buying reaction from the price 4118 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Strong volume area + Uptrend is my mainly reason for this long trade....
Happy trading
Dale
ES Quarterly AnalysisES now at pivotal area, 50% retracement of the down move at $4201.75.
Staying neutral while paying attention to internals, news and data releases I believe will be just as critical as ever when attempting to risk in these markets.
Strong candle formed buying all previous quarters selling from highs, so I do think there's potential for continuation to the upside.
Weekly SPX Trade(another A ICT setup) 3/29/23Beautiful setup today and was able to catch a nice price swing. Here was once again my thinking for today and my reasoning for entry: Factors for trade:
Big London/Asian Session or Afterhours-Premarket run up.
Swept liquidity(high of day, premarket high)
bearish news
Market decision time again - Up or downDecision making time again~ watching closely these 2 days
Here are my POC targets on the weekly shown
$ES - Key levels - will shorts be trapped??Weird day today with NYSE VOLD up all day while NASDAQ VOLDQ down all day. Clearly shown by the big range indecision movements.
Key level to watch for a potentially huge bull run
- $4011 area, a breakout could trigger a significant bull run and catch shorts off-guard
Any thoughts?
$SPY $SPX $ES $QQQ $NAS $NQ
Special Update: Just a Precautionary MeasureAs of yesterdays close my entire 401k which is reasonably substantial was shifted to a 4% Money Market Account.
This will come as no surprise to my members (nor my followers on Trading View) that I’m not particularly bullish. From a planning standpoint I’m more comfortable with 4% and NO capital at risk than being exposed to the US Market. Maybe I’m early in doing so… but I felt it more honest to at least make my members aware of my actions.
Please do not ask me if I advise you do the same. I’m not a financial advisor nor am I licensed to provide such advice.
3/28 Daily Plan Please see attached videos for daily targets.
===========================================
03/27 Weekly Plan. ES Futures March
Weekly Pivot is 3,990
Targets
1. 4,038
2. 4,080
3. 4,130
Targets
1. 3,950
2. 3,890
3. 3,835
Now trading at 4,026
Alerts
You will receive alerts in this channel every time ES hits (2M candle close):
1. Weekly opening 4,008
2. Weekly pivot at 3,990
3. Each weekly target.
**Side notes: ***
1. Balance is daily timeframe
2. Balance in weekly timeframe; H4082.5, L3840.75, HB3962
3. Balance in monthly timeframe. H4208, L3814, HB4020.
4. When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan.
Have a great week and trade safe. @everyone
TLTGimme gimme .. haven't posted on Tradingview in a while so now want to give heads up go long TLT very soon with dated calls or shares. possibly even 103 lvl
SPY/NQ Short-Squeeze Setting Up Nicely.Are you following my research yet?
Last weekend, I published a YouTube video suggesting the NASDAQ/TECH were poised for a 15~20% rally - driving the SPY 7 to 9% higher.
Now, my SPY Cycle Patterns called today as a Pullback and tomorrow as a Momentum Rally.
Get ready for a massive SHORT-SQUEEZE over the next few weeks. April will start off with the Nasdaq/SPY targeting higher peaks.
Follow my research.
Taking another shotSell: 4010 or higher
Stop: 4035
Notes : second sell attempt based on the model
The model:
The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell.
On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven
SP500, All you need to know.S&P500
Hello traders, welcome back to another market breakdown.
In this video I share my opinion on the current situation with the stock market. Plus, a lot of tips have been shared that you might want to add them to your trading skills.
Trade safely.
Trader Leo.
ES - Upside Breakout Underway? Observational at this point... "Prepare for the Unexpected" fits this thesis.
Are we breaking out to the upside? Time and price are ripe for a move out of this 5 month long pattern I am labeling the "a & b" of a higher order "B" leg with the "c" leg up to follow.
Notice the price pattern in the two white boxes...see how they touched the channel line, backed off, broke through, tested them on the retrace then sharply moved up. The fractals in both of these instances are typical of initiating bullish waves. They are more often than not very erratic, chaos laden time periods. Direction does not become clear until there is a clear breakaway from the price structure. Are we currently experiencing one of those events?
My expectation for months (See link below dated 2/4/23) has been that we would need to exceed the Aug '22 highs to complete the longer term corrective pattern and ameliorate the oversold condition in the overall market and specifically the NAS100 stocks. Basically luring retail participation back into the market before the next serious leg down.
Weekly ES chart dressed in Spring colors for longer term picture of what this COULD look like...
ES/SPX - What lies ahead...What is the near/longer term direction of the market?
Here's my take
I believe we are and will be in a "trader's market for the foreseeable future. This can be an excellent environment to make make in provided you manage risk by picking your entries judiciously.
From an Elliot wave perspective I think we are at an important fib level in the context of the current corrective wave as I see it.
I believe we have reached the peak of the b wave subdivision of b. This level is at the .618 fib level of the larger channel that we are in. From a risk perspective I think we can use the Groundhog's Day high or one marginal new high with a firm rejection as a stop point for this proposed scenario as laid out in the chart.
I am bullish on an intermediate term basis with one more sizeable sell-off that will set us up for a nice bull move to the ES 4500 area.
Good trading to you.
Weekly Update: Are we headed towards my Target Box Today?Today's price action will be crucial as to whether or not we head directly into my target box. My past posts have provided enough context. The sweet spot to target is 3772.
