Support and Resistance Back to Basics : and understanding the tool to interpret price action can get you small wins on a daily basis. Here are a few examples how to use it in today price action. Especially when all three markets are in alignment. Is that simple! Stay Frosty!
1/22 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 4,860 Targets 4,882 4,900 4,927 Targets 4,740 4,792 4,746 Now trading at 4,880 Alerts You will receive alerts in this channel every time ES hits (2M candle close): Weekly opening 4,872 Weekly pivot at 4,860 Each weekly target. Side notes ES is currently OTFU in all timeframes...
📊 Market Sentiment: Bullish Market sentiment for CME_MINI:ESH2024 Futures is being influenced by a range of factors including stock market performance, ECB's interest rate policies, inflation rates in the Euro Zone, China's economic outlook, and corporate earnings reports. 🌍 Global Financial and Economic News: Stock Market Today: The record closes of major...
📊 Market Sentiment: Bearish Market sentiment for CME_MINI:ESH2024 is currently being shaped by several key factors including the European Central Bank's interest rate expectations, inflation in the Euro Zone, China's economic outlook, U.S. market trends, and corporate earnings reports. 🌍 Global Financial and Economic News: Interest Rate Expectations: The...
📊 Market Sentiment: Bearish Market sentiment for CME_MINI:ESH2024 Futures is influenced by the Federal Reserve's approach to rate cuts, global economic slowdown, China's economic policy, shifts in market sectors, and developments in the wind energy sector. 🌍 Global Financial and Economic News: Federal Reserve's Cautious Approach to Rate Cuts: The Federal...
📊 Market Sentiment: Neutral Market sentiment for CME_MINI:ESH2024 Futures is shaped by a variety of factors, including sector rotation, inflation reports, earnings estimates, equity market outlook, and corporate earnings. These factors collectively influence investor behavior and market dynamics. 🌍 Global Financial and Economic News: Sector Rotation and...
📊 Market Sentiment: Neutral Market sentiment for CME_MINI:ESH2024 is influenced by various factors, including geopolitical tensions, upcoming major elections, economic growth forecasts, market performance predictions, inflation and job market concerns, and oil price movements. 🌍 Global Financial and Economic News: Geopolitical Tensions and Elections: Ongoing...
Yesterday, the market became slightly spooked by the release of higher-than-expected inflation numbers in the United States. The immediate reaction of the SPX to the news was negative, with the index erasing its early gains; the same price action could be observed in the Nasdaq 100 and Dow Jones Industrial Average. Nevertheless, market indices recovered much of...
Higher than previous headline CPI inflation indicate lower gold prices and higher USD the Nasdaq future and BTC should be expected to drop for the coming weeks and/or rest of the month.
So, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower...
📊 Market Sentiment: Neutral to Bullish Market sentiment CME_MINI:ESH2024 is currently shaped by various factors including the latest US inflation data, Federal Reserve's potential rate cuts, the kickoff of the earnings season, Asia-Pacific market movements, and global economic growth projections. 🌍 Global Financial and Economic News: US Inflation Data: The...
📊 Market Sentiment: Mixed Various factors are shaping the market sentiment, including global economic slowdown, inflation trends, interest rate outlook, stock market performance, and political and geopolitical risks. 📝 Today's Recap The focus is on consolidation and range expansion, with potential trading opportunities at key support and resistance levels. The...
📊 Market Sentiment: Neutral to Bullish The market remains vigilant as it navigates through complex geopolitical and economic landscapes. Ongoing geopolitical issues and economic forecasts are at the forefront of investors' minds, influencing market movements and strategies. 📝 Today's Recap A period of lower conviction trading is expected in the wake of the...
📊 Market Sentiment: Cautious Watchfulness Amidst Global Changes The markets are attentively eyeing the evolving geopolitical landscape and economic indicators. With global elections and central bank policies in focus, investors are navigating through a blend of optimism and careful scrutiny. 📝 Today's Recap Late in the day, some long exposure was added back at...
📊 Market Sentiment: Intense Anticipation As we navigate through a critical phase, the market remains intensely anticipative, closely watching the support and resistance levels after recent pullbacks and rallies. 📝 Today's Recap The market's latest move was a strategic "knife catch" long attempt at key 4727 support, marking an intensified focus on the immediate...
📊 Market Sentiment: Cautiously Watchful Market focus is on key supports at 4746 and 4738 after a recent pullback. The cautious watch is due to the possibility of further downtrend or stabilization at these levels, determining the short-term market direction. 📝 Recap: End-of-Day Movement The market ended with a strategic long attempt at key 4744 support,...
📊 Market Sentiment: Cautiously Watchful The market is cautiously watchful today, reflecting the recent volatility and key support breaches. The focus is particularly on 4778 and 4767-70 as major supports. Traders are vigilant of these levels for signs of continued bullish momentum or a deeper bearish shift. 📝 Recap: Volatility and Supports Tested Yesterday...
📊 Market Sentiment: Cautiously Watchful The market has shown signs of strain under recent volatility, breaking through several key support levels such as 4795-98. Focus is now sharply on 4777, a pivotal line that must hold to prevent further bearish momentum. Traders are approaching the market with a blend of caution and vigilance, balancing optimism with the...