ES/SPX Morning Update Jan 20th.... *Futures Closes At 1PM ET*NYSE is closed today, and ES will close early at 1pm—so tread lightly and no overtrading. Most professionals are not trading today. At 6pm on Thursday, a Failed Breakdown at 5974, triggering a long that took us all the way to 6043.
As of now:
• Hold runners; expect 6043-6016 to be a chop zone, with 6033 as the midpoint pivot
• Reclaiming 6033 could target 6043, 6049, and 6066+
• If 6016 fails, look to sell down to 6004
MES1!
MES!/ES1! Day Trade Plan for 01/17/25MES!/ES1! Day Trade Plan for 01/17/25
📈 6047.25 (NEXT LEVELS: 6066, 6075.5, 6084.75)
📉 5969.75 (CLOSER LEVELS: 6018, 6008.5, 6000)
1/2 way mark 📈 6027.75 & 📉 5989.25
Like and share for more daily ES/NQ levels 🤓📈📉💰
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES/SPX Morning Update Jan 17thAt first glance, the market’s final hour yesterday looked bearish. However, for those who dont trade with retail..but trade against retail, things were simple. Just wait for retail to get trapped..aka failed breakdown setups (highlighted in plan for today), it was a clear long opportunity. We dipped below the 5974 and 5966 major zones, trapped shorts as usual, and triggered longs for buyers. Now, just hold runners—no further action needed, approaching our 6016 target. Remember, most professional traders dont trade on Fridays, and i rarely do as well. It's usually just managing runners from Thursday…if i have any. Capital preservation should be your main goal every Friday, with the only set ups being took are textbook failed breakdowns.
MES!/ES1! Day Trade Plan for 01/16/25MES!/ES1! Day Trade Plan for 01/16/25
📈 6060
📉 5940
1/2 way mark 📈 6031 & 📉 5969
Like and share for more daily ES/NQ levels 🤓
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES/SPX Morning Update Jan 16thYesterday, CPI took us up to targets 5965 and 6004, right at a major resistance that held firm overnight. The market remains tricky—consider reducing your position size for today til more setups emerge
As of now:
• 5984 = support; it must hold to keep 6004, 6016, and 6043+ in play
• If 5984 fails, look for a selloff to 5972, then 5952
Es levels and targets Nov14thAfter last week’s 330-point rally, ES has been following its usual routine after a big move: consolidation, forming a flag. Resistance/target sits at 6028-32, marking yesterday’s highs, and 6009 support held overnight. Don’t overtrade.
As of now: 6009=support. This level keeps 6032, 6038, and ATHs in play. Breakdown only kicks in if 5996-98 fails.
ES Morning Update Jan 15thPerfect run in ES, with 5845-50 still acting like a money magnet. Reclaiming 5866 triggered longs to 5882, 5900+, exactly as outlined.
As of now:
• Protect gains and keep a runner on as we head into CPI
• 5882, 5845-50 = supports (recoveries here signal a long)
• If buyers push, 5917, 5936, 5961 are next
• A break below 5845 opens more downside
ES Morning Update Jan 14thYesterday, i gave 3 targets—and all were hit plus more: 5848-50, 5866, 5880. Lock in gains now if you were trailing any runners.
As of now:
• 5882 = support (just tested, and weaker now)
• Holding above keeps 5900, 5918, 5928 in play
• If 5882 fails, sell to 5860, then 5848-50
ES morning update Jan 8thYesterday, after a pop to the 6045 target, 6004 emerged as the critical bull/bear battle line. Once it broke, a 70-point selloff followed—bears control while it stays below.
As of now:
• 5928 is support.
• 5935 must recover quickly for a push to 5965, then 5982.
• If 5928 fails, expect a selloff toward 5918, then 5900.
ES/SPX Morning UpdateYesterday’s target was around 6070, originating from Thursday evening’s big failed breakdown at 5918 in ES. We hit that level and sold off. Around 4pm yesterday, ES formed another mini-failed breakdown at 6016, up about 10 points so far.
As of now:
• 6016 is weak support.
• Holding above keeps 6043-46, 6066, and 6087 in play.
• If 6016 fails, look for a selloff toward 5997.
ES/SPX Morning Update Jan 6thIncredible start from buyers with targets from yesterday are already hitting. On Thursday, longs were triggered in ES after a major Failed Breakdown of 5918-23. Since then, the plan was simple: get long and stay long nd ride runners. Now we’re up +116 points.
As of now:
• Protect gains here; resistance at 6038
• Next levels: 6049, 6070
• 6016 is support; a dip below could spark a pullback
ES/SPX Morning Update This week has been all about 5987 in ES. Yesterday morning, I mentioned that buyers had to reclaim 5942 to rally back to 5987, which hit by noon. Its simple now…buyers control above; sellers control below.
As of now:
• 5966, 5950 are supports
• 5987 must reclaim for a push to 6003-6005, 6033+
• If 5950 fails, look for a sell to 5932-28, with deeper downside below
ES/SPX Morning updatesOn Friday, sellers lost a three-day support zone at 6060, triggering a 60+ point sell. Buyers gave us a late-day short squeeze to the 6027+ target before the sell-off continued.
As of now: It’s straightforward. Bulls must reclaim 5986 to squeeze toward 6006+. Otherwise, watch for 5955 and 5942 as next downside levels.
ES/SPX Morning Update Dec 27thThis week has been about one level in ES: 6097-6100. It’s been my target since last Friday and remains a major resistance. Bulls control above it, while bears dominate below, aligned with the FOMC resistance. Yesterday, we hit the level and sold off.
As of now:
• 6060-6066 = support.
• Bulls must reclaim 6078 to rally to 6087, then 6097-6100.
• 6060 fails, and we dip to 6043-46.
SPX ETF TRADING CHART 2025Happy New Year! Here' is the chart I will be swing trading SPX ETFs showing with TV scripts so you don't have to code. I use the DAILY MES1! price chart and position in the aftermarket or premarket with an SPX ETF. Here is what I do. After the close --- 1. Golden Cross (50SMAX200SMA) shows the "trend". Only trade with the "trend" (only long since April 2023!). 2. Use Accurate Swing ("7") to enter the trade. 3. Exit the Trade when MES price CLOSES below HMA ("16")
ES/SPX Morning Update Dec 26thLevels are acting very precise in ES. Since Monday’s failed breakdown at 5980, the sole target for this rally was 6100 (FOMC backtest), hit to the tick at close Tuesday and followed by a solid short since
As of now:
• 6066 is weak support.
• Bulls need to reclaim 6078-80 to rally toward 6095+.
• If 6066 fails, selling could resume back down to backtest where we took off from Tuesday at 9am
Wifi Back up! Morning Updates Back Rolling!Last week centered entirely around one key level: the 6060 magnet, which set up every trade of last week and delivered again Sunday evening. As posted in full plan here yesterday, 6060 needed to reclaim to trigger a long, and we’ve already seen +10 points off it.
As of now: 6075 is next, reaction there, followed by 6088 and 6098 if buyers can push through. Supports are 6056-61. If those fail, expect a dip to 6035-40.
Es/SPX Morning Update Dec10thThis week will revolve around one key magnet: 6063 area (megaphone support), and ES has respected it so far. After selling there, bouncing, and now spending 20 hours consolidating, it’s backtesting the December 3rd breakout level.
As of now: 6063 remains support. Buyers holding above keeps 6079 and 6088-93 targets in play. If 6063 fails, expect a dip to 6050-6048.
TIP:
If you need to set up your charts exactly like mine, including all the levels and Fib Channels, here’s how starting from the home page:
**1. Go to TradingView and use the search bar.**
**2. Switch to the “People” tab and type in ESMORG.**
**3. Click on one of my updates.**
**4. Scroll to the bottom-right corner outside of the chart and look for three dots (…).**
**5. Click on those dots and select the option that says “Make it Mine” or “Grab this Chart”.**
This will instantly apply my chart setup to your own TradingView account so all your levels can be precise.
ES/SPX morning update December 9Last friday, buyers reclaiming 6088 triggered a nice long. Since then, ES has been basinh, with 6088 now acting as support. We’re forming a 3-day “megaphone” pattern now.
As of now: 6088 (already tested) and 6081 are supports. Buyers holding above keeps 6109 and 6117+ targets in play. If 6081 fails, sell triggers could take us down to 6068.
ES Morning Update Dec 3rdYesterday, 6063 remained the focus as ES has been glued to this level for two days, taking it very literally while flagging again. Nothing to do but let runners work.
As of now: 6078, 6092, and 6100 are the next targets. Supports on a dip are 6045 and 6035. Bulls remain in control as long as we stay above 6035.
Full Game Plan for Monday Nov 25thPlan for Monday’s Session
Supports:
• Major: 5972, 5945, 5933, 5908, 5899, 5884-5882, 5869, 5855, 5845, 5828, 5818, 5802, 5782, 5760, 5752, 5731, 5709-11, 5691, 5683.
• Minor: 5980, 5967, 5961, 5957, 5948, 5944, 5928, 5922, 5914, 5904, 5893, 5878, 5865, 5850, 5839, 5835, 5812, 5806, 5793, 5777, 5740, 5721, 5702, 5695.
Resistances:
• Major: 5988, 6002, 6017, 6027, 6032, 6050, 6070, 6082, 6093, 6111-13, 6132, 6138, 6172, 6189.
• Minor: 5993, 5998, 6009, 6023, 6038, 6046, 6056, 6062, 6075, 6101, 6117, 6146, 6156, 6165, 6178.
**Context and Strategy:**
ES is coming off a strong Friday close at 5988, right at a key resistance zone. Price action remains in a clear uptrend, but with no major pullbacks or basing structure formed, actionable setups for Monday will require patience. Those who have been here should know what I'm going to say. My absolute least favorite time to trade is days after trend leg. My job is to get in before these big moves. After they play out, my job is done, and I just need to sit and wait for the next setup to appear. This requires one of two things 1) A sharp pullback or 2) Structure (basing to form). If we just keep trending up, there is nothing for me other than holding my runners and letting them do the work. Patients will be verified on Monday.
**Key Levels for Monday:**
1. First Support at 5972: A dip and recovery here could provide a solid base for continuation higher.
2. Major Support at 5945: If 5972 fails, 5945 becomes the next key level. This area has been well-tested and could provide a reaction or bounce, but the cleanest trade would come from a failed breakdown here.
3. Resistance at 6002: A breakout above this level opens the door for higher targets, including 6017 and 6027.
**Bull Case for Monday:**
• Hold Above 5972: Bulls maintain control as long as price holds 5972. A flag or consolidation at this level would create a strong base for a push higher.
• Breakout Through 6002: Reclaiming 6002 and holding above it could fuel momentum toward 6017 and 6027.
• Structure Above 5988: Building a base above 5988 and below 6002 creates a launchpad for further upside.
**Bear Case for Monday:**
• Breakdown Below 5972: A failure at 5972 would likely lead to a test of 5945. I’d need to see a good bounce attempt here and/or failed breakdown (something like test 5967 then recover 72). After this, I’d short below wherever the lows are (probably something like 5964).
• Failed Breakdown at 5945: As always, breakdown trades carry higher risk. Same drill at a 5972 short...A dip below 5945 that recovers quickly could signal a trap for shorts. Wait for confirmation (e.g., a bounce that pays out buyers and then a loss of the lows) before entering.
• Exhaustion at Resistance: Bears can also look for sell reactions at key resistances (6002, 6017) to test lower supports. I never short resistances. Win rate is too low for my liking
**Summary for Monday:**
• Bullish Lean: As long as 5972 holds, the short-term trend remains intact. Watch for opportunities to break out above 6002, targeting 6017 and 6027.
• Bearish Lean: Bears need to break below 5972 or 5945 to regain control and push the market lower toward 5933 and 5908. Failed breakdown setups, however, remain the safer option for entering long positions.
Reminder:
Patience is critical. It’s safer to wait for failed breakdown setups than longing after direct tests, especially at key supports, and confirm with volume before entering long positions if you want to be super precise. Avoid chasing momentum and let the market come to you.
ES/SPX Morning Update Nov 20thYesterday, buyers delivered a textbook setup: a Failed Breakdown at the key 5886 level, which triggering longs. The 5956 target, as outlined, was hit perfectly overnight.
As of now: Let runners ride until the move concludes. Supports are 5943 (weak) and 5928. If we base here, 5963 and 5972+ are the next targets. A failure of 5928 would signal a deeper dip.
Trading Gameplan For Nov 18thPlan for Monday’s Session
Supports:
• Major: 5886-88, 5864, 5843-46, 5828, 5806, 5796-5802, 5758, 5749, 5730.
• Minor: 5892, 5878, 5871, 5855, 5849, 5839, 5819, 5812, 5787, 5782, 5773, 5768.
Context and Strategy:
Friday’s session was a strong downside trend day (open-to-close selling) with limited support reactions. As we often see, sharp sell-offs like Friday are often followed by their counterpart: the short squeeze and the question of whether we’ll recover a significant portion of the decline shouldn't be asked. While the timing of such events is unpredictable (further downside is always possible), they typically happen when a major resistance level is reclaimed, which I’ll cover here. For now, with bears still holding control, any attempts to buy at support levels carry the high risk of trying to catch a falling knife, which i often talk about how risky those are alone. On a strong trend day like Friday when bears are in control, all supports - by definition of being a trend day to the downside - will fail. They may react, they may produce a quick level to level bounce, but typically they will generally all fail. This will remain true on Monday until we recover some major resistances. A failed breakdown of Friday’s low (5878) could spark a potential short squeeze, but once again, unless a significant resistance level is reclaimed, all longs should be treated with high caution.
The next support magnet below Friday’s lows is 5843-46, with 5828 and 5806 as deeper downside levels if selling persists. Patience is key, particularly in a downtrend context like this.
Key Levels:
1. Friday’s Low (5878): Critical for both bulls and bears. Watch for a potential flush below this level, ideally down to 5871, followed by a reclaim that could trigger a short squeeze.
2. 5886-88: Heavily traded on Friday and no longer fresh. Safer to wait for a failed breakdown or another deeper level to engage.
3. 5864: A possible bounce zone but still considered high-risk.
4. 5843-46: Strong support below. If selling accelerates, this level offers better odds for a reaction.
5. 5828 & 5806: Major levels for any extended sell.
Resistances:
• Major: 5907-10, 5945-50, 5961, 5980, 5998-6002, 6009, 6066, 6080-82, 6103, 6131, 6141, 6152.
• Minor: 5899, 5917, 5928, 5934, 5935, 5943, 5947, 5957, 5967, 5972, 5975, 5993, 6014, 6019, 6027, 6032, 6038, 6045, 6050, 6058, 6071, 6092.
Bull Case:
• Bulls need to reclaim 5907-10 to show any meaningful recovery effort. A reclaim here could set up a bounce toward 5948-50 or 5961 for a back-test.
• Ideal setup: A dip to 5871 or below early on, forming a failed breakdown of Friday’s low, followed by basing and a push back above 5907-10. This could trigger an easy short squeeze targeting higher major resistances.
• Without a reclaim of 5961, any upside remains corrective, and the "short the pop" sentiment is still in charge.
Bear Case:
• Bears remain in control and will likely defend resistances near 5907-10 or 5948-50 if price retraces. These are logical zones for fresh shorts to initiate.
• Continuation selling begins with a breakdown below 5878. Watch for traps, as 80% of breakdowns tend to fail. If there’s no meaningful recovery, selling could extend toward 5843-46 or 5828.
• Preferred short entry: A failed bounce near resistance (5948-50 or 5961) or after a structural breakdown below 5878.
Summary for Monday:
• Expect potential bounce attempts to test breakdown zones like 5907-10 or 5948-50, but any upside remains corrective unless bulls reclaim 5961.
• A flush below Friday’s low (5878) may trigger a failed breakdown setup, sparking a short squeeze.
• Below 5878, next support magnets are 5864, 5843-46, and 5828
• Exercise caution with longs; focus on reactions at key levels. Shorts remain favorable until resistance zones are reclaimed.
UltraPro QQQ. Trump-a-rally gives no light for leveraged betsIt's gone 10 days or so, since Mr. Trump has secured a win over his Democrat-rival Kamala Harris in the 2024 U.S. presidential election, as it declared by the Associated Press.
Since that, a lot of stocks soared in a meme-style mode, while Bitcoin clears $93,000 and Dogecoin soared amid Trump-fueled crypto rally.
The main graph is for UltraPro QQQ NASDAQ:TQQQ and it indicates, that major 82-Dollars resistance for leveraged bets on Tech sector has not been broken yet.
👉 NASDAQ:QQQ is a traditional ETF that tracks the Nasdaq-100 Index, suitable for long-term investors seeking broad exposure to tech-focused stocks.
👉 NASDAQ:TQQQ is a leveraged ETF that aims to deliver triple (3x) the daily returns of the Nasdaq-100 Index, making it only suitable for short-term traders.
Since US dollar interest rates are still near multi year highs and Powell says the Fed is in no hurry to cut interest rates.. all of that means Trump-a-rally gives no light for leveraged bets (yet).
Potentially everything can be clear in January, 2025 only.
GL y'all. Cheers, @Pandorra 😎