So we ran along the 30m uptrending line yesterday, and keep nearing striking the 6hr insanely steep ascending trendline I didn't think we could maintain. Much to my dismay, I am sitting in my negative trade. I may soon just eat a loss, which will cause me to take a day off as per my risk management plan. Luckily at the moment I did go Long yesterday in a couple...
S&P 500 INDEX MODEL TRADING PLANS for THU. 06/15 The potential bull trap cautioned about by our models continues to be in play, while the markets seem to be calling the bluff of Powell's hawkish posturing in yesterday's "hawkish pause" presser. Nevertheless, bears should be cautious of not jumping the gun but wait for confirmation before initiating any shorts. It...
Day Trade Market Condition jun 15, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
The S&P500 is extending the rally inside the long term Channel Up. The MA50 (1d) has been supporting and is untested since March 30th. Such a strong rally undeniably created an overbought RSI (1d). Last time the index gave a similar RSI pattern (August 10th 2022), the price gave a few more days of upside and one last push before a correction. Trading Plan: 1. Buy...
For Thursday, 4399.00 can contain intraday weakness, the targeted 4441.25 - 4446.50 area in reach and able to contain buying through the balance of June. Holding below 4441.25 allows 4203.75 long-term support by the end of July or sooner, while closing today above 4446.50 signals our 4600.00 longer-term objective over the next 2 - 3 weeks. Downside...
Overbought on both 3hr and daily charts heading into the Fed whipsaw. Feeling bearish, but I wouldn't be surprised if we only get a dip tomorrow, apparently the entire world thinks recession is a good thing. Recession confirmed in Europe, Chinese economy has stalled. World market at or close to ATH, lol. My guess is that the big firms gave up on the commodity...
The S&P 500 is facing a significant correction due to the potential bursting of the Federal Reserve's asset bubble, which is currently driving its artificially inflated values. Amidst signs of overheating markets, soaring valuations, and unsustainable monetary policies, the equity market is on the brink of a major downturn. The 2008 financial crisis, a debacle of...
Day Trade Market Condition jun 14, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend NQ/ES trapping long (i could be wrong), in case nq/es trade under 15074/4412 showing DROP possible target NQ 14800 / ES 4360 FOMC 2PM est
S&P 500 INDEX MODEL TRADING PLANS for WED. 06/14 Our trading plans published yesterday mentioned: "...our models are flashing potential for a bull trap ahead, possibly once the "fed pause" becomes official tomorrow". Today's FOMC decision is a "hawkish pause", giving an open case to be made for both the bulls and the bears, as expected. With this in the rear view...
Market has rallied for several days without any PB. Any test of ETH session high could provide direction for the day. Level to watch: 4428 --- 4426 Reports to watch: US:EIA Petroleum Status Report 10:30 AM ET US:FOMC Announcement 2:00 PM ET US: Fed Chair Press Conference 2:30 PM ET
In today's analysis, we will be focusing on the E-mini S&P 500 Futures (ES) and examining a recent spike that reached $4,300 on the 1-hour chart. As the market currently sits at $4,280, we'll explore the possibility of a pullback towards the Fibonacci retracement zone, specifically the 0.618 and 0.50 levels at $4,230 (Location A) and $4,210 (Location C)...
For Wednesday, 4402.50 can contain intraday weakness, the targeted 4436.00 - 4446.50 area in reach and able to contain buying through the balance of June, once tested the market susceptible to falling back to 4203.75 within 3 - 5 weeks. On the other hand, closing today above 4446.50 signals the 4596.50 longer-term objective over the next 2 - 3 weeks....
MFI hit overbought on NQ and RTY but not ES. I'm guessing the market doesn't sell off until tomorrow or even Thu. You gotta figure a rate pause is already priced in lol. Flipped my TUR puts but still holding shitcoin puts. My beer money bet is $2.5 UVXY calls or 4 cents a piece. I don't think Powell will tank the market that hard but you never know. Not...
Day Trade Market Condition jun 13, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
S&P 500 INDEX MODEL TRADING PLANS for TUE. 06/13 With the post-CPI spike and the subsequent early session market action, our models are flashing potential for a bull trap ahead, possibly once the "fed pause" becomes official tomorrow. As we first stated to start this week, if you are a bull, it may be prudent to take some profits off the table; if you are a bear,...
SLO @ 4625 ⏳ SSO @ 4375 ⏳ TP1 @ 3915 (shaving 25%) TP2 @ 3500 (shaving 25%) TP3 @ 3215 (shaving 25%) TP4 @ 2750 (closing ALL Sell Orders) SUPPORT @ 2640.75 IBR @ 2375 FUTURES EXPIRATION DATES: ESM3, JUN 2023 ESZ3, DEC 2023 ESU3, SEP 2023
For Tuesday, 4348.75 can contain intraday weakness, 4385.00 in reach and able to contain intraday strength. Pushing/opening above 4385.00 allows 4409.00 intraday, able to contain session strength and the level to settle above for yielding the targeted 4430.50 formation tomorrow, where the market can top out into July activity. Downside Tuesday,...
Well, I figured out the issue with the contract change, there is an option to adjust for that in the menu. So now my indicators look like they are correct. In any case, RSI is way overbought with MFI divergence, probably a pump for CPI numbers before market open tomorrow. Not really sure why, lol, the Fed won't cut rates any time soon. If futures go into Wed...