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This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market.
A little bit adjusted with some interesting points to consider.
in the upper side we potentially won't be surprised in proach futrue see the price rising to...
For the past few days I've been saying CME_MINI:ES1! is stuck in a range between 5342-5372. After a final failed breakdown of it yesterday that triggered longs, buyers broke us out the range finally. Size down now before CPI…protect your capital. Wait for traps. 5396, 5408, 5421+ next in play for buyers. 5363 lowest must hold on any CPI dips, or we sell
I will set an alert at the low of the last two days. At that point of the days internals look soft I will take a beginner level starter put position. The intent is to risk a small amount of $ to try and catch a day trade that I even still want to hold by the end of the day.
Alert at 532.50
he AI boom is reaching the sort of lofty heights that characterised history’s great bubbles, from the Dutch tulip mania to the dotcom bust at the turn of the millennium. Investors have now determined that Nvidia alone is worth more than the entire annual output of Spain. Add in the tech companies expected to profit most from the AI revolution — Nvidia along with...
Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory:
As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel...
After buyers broke us out yesterday, ES is now basing right off the uptrend channel sellers tried to leak us from June 3rd (5370). This is very typically after a trend leg/breakout, as after these play out, longs are risky (due to chasing), shorts are risky (against the trend), so this causes a very high chance of chop the day after. And that's exactly how today...
Today we'd seen beautiful reaction to algorithmic levels! +1/3 AWR acted as support after yesterday push above it and -1/3 ADR likewise! another confluence was D -M OHLC statistical mapping (tool) and H4 IFVG!
ADR is usually TRUE Support & Resistance! and most of the time we can use it within Higher Time Frame context. same goes with OHLC statistical mapping when...
One more instrument that we discussed on the today's live stream
is US100 Index.
This week, the market updated the all-time high, violating a key horizontal resistance.
With a very bullish fundamental data, the Index has a nice growth potential.
Next resistance - 19300
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S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today.
Level to watch: 5364 --- 5362
The S&P500 index (SPX) has turned sideways since practically May 16 and, supported by the 1D MA50 (blue trend-line), is consolidating. Even though this consolidation is taking place at the top of the 1.5 year Channel Up (Fibonacci 0.0 - 0.236 range), it is similar in some way to the accumulation of April - May 2023 (also a little like November - December 2023),...
Although it's hard to predict what the stock market will do in the future, there is already a clear consensus on what is likely to happen.
In this chart, I have plotted most predictions from big investment banks like Goldman Sachs and Morgan Stanley to other investors like Michael Burry. I have also calculated the average of all the predictions and plotted it on...
So, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet.
We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below...
According to our expectations, the overarching wave (1) in magenta should extend to a new record high. Only after this impulse do we anticipate an extended wave (2) correction. However, please note our alternative scenario (38% likely). This option will be triggered if the key 4964 level is breached and implies that the price is already in the correction.
The S&P500 index is on very healthy bullish levels on the 1D timeframe (RSI = 63.385, MACD = 146.190, ADX = 48.596) showcasing in the best possible way the bullish bias of the long term trend and pattern, which is a Channel Up. This month's pullback is perhaps the best buy entry we can have as in relative terms based on the 1W CCI, the index is printing a...
In this video, I break down why the E-mini S&P Futures could be aiming for the 5200 mark soon. Utilizing Bollinger Bands, the 5-day SMA, VWAP, and RSI, I dissect the potential moves and patterns within the market. I also give insight on the E-mini Nasdaq NQ1!, and why day traders should be looking at 10-year Yields and how they are impacting the Russell 2000 RTY1!
After a mixed session yesterday, market is selling off during ETH session.
Any test of ETH session Low could provide direction for the day.
Level to watch: 5283 ---5281
Last week, the S&P 500 index, which comprises the 500 largest U.S. companies by market capitalization, reached a new all-time high, hitting $5,341.88 during intraday trading on Thursday, May 23.
Warren Buffett has long recommended an S&P 500 index fund as the ideal investment for those who don't have the time to analyze individual stocks in depth. The recent...
