Buyers return to the S&P 500 and Friday's market action. The challenge now will be the expectation of follow through to the upside on Monday. Friday's price action implies that Thursday and Friday's market movement was buyers selling to take profits.
There is an old, seemingly wise saying, that says "time in the market beats timing the market!" This works for people that do not want to do the work... to study repeatable patterns. Throughout the bull market of 2024 (yes, the market is in a bull market) I have been waiting for and been asked by followers "is THIS the pullback to go long?" Generally, the...
Another choppy and flat day for the challenge account. I think i did ok today but that lotto i bought should have been a call. Don't know what i was thinking buying a put after VX just broke below support. Oh well i should have been done trading at that point anyway. Next week will be better.
Going over the morning session looking for clues to how we could have traded today better. going into the weekend we really want to reflect & update our trading plan. eliminate what isnt working and double down on what is working. keep working hard. another week almost in the books. goal is to be green end of the day. not become a millionaire.
CBOE:SPX if it can base above 5300 today we should see 5332 by early next week. Calls can work above 5300 for today ES Trade Plan Inflection: 5327 Upper lvls: 5368 / 5377 / 5387 Lower lvls: 5312-5316 / 5304-5308 / 5292-5296 / 5268-5274 NQ Trade Plan Inflection: 18673 Upper lvls: 18812-18817 / 18974-18982 Lower lvls: 18576-18602 / 18483-18509 / 18416-18431 /...
Going over the price action over night ES looking for clues as to what the market is telling us and planning our lean for the day. where we want to engage and how we see the morning session unfolding.
Going over today price Action ES looking for clues and how we could have traded it better. working on dialing in our strategies and going with the trend and structures.
Does the selling action on Thursdays S&P 500 indicate that new sellers are entering the market or are buyers selling to take profits? Friday's price action will give us additional clues about who's in control as we go into the weekend.
In this video, we will help you learn the essential functions of the TradingView mobile application with AMP Futures.
Going over the price action ES MOrning session. looking for clues as to what the market was telling us and how we could have traded the session better.
Going over the price action from the CPI report and Overnight sessions. looking for clues as to what the market is telling us. talk less, listen more. talk less, listen more.
After the release of the CPI data on Wednesday buying momentum is picking up in the S&P 500. The expectation is follow through to the upside but not a large move on Thursday.
So trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and...
Going over Morning Price ACtion ES pre CPI. looking for clues as to how to trade the day. Not much to do till we get the CPI.
Buyers returned in the S&P 500 waiting for the next challenge which is the release of the CPI numbers on Wednesday. The bias is for the market to continue higher but how it interprets and absorbs the CPI numbers is 50-50.
Another green day for the challenge account, ended up with about $94 total P&L for the session. Most of it was made on a QQQ long and took a small loss on PYPL. I got over these trades and talk about my expectations for CPI tomorrow.
Waiting for the CPI and PPI this week to drive the direction for the S&P 500. Although sellers came in on Friday and Monday, currently this market has a neutral opening with a bias to the upside.