Quiet day on TuesdayThe expectation for the S&P 500 for Wednesday's market action is a quiet day basically trading inside the range of Tuesday.01:14by DanGramza2
ES Low of Week Pullback For Bullish Weekly CandleNow that Monday has printed, the weekly template that it has revealed is a bullish expansion week and Monday is the low of the week. I just now entered in market order at 5324.00 with a 6 point stop down at 5318.00 and a target at 5364.00 for 40 points or 6.6:1 I don't believe price will be returning back below the Low of Week, if it holds. Please see my prior post on the Dow Jones for more details Longby travis18haneyUpdated 222
Follow through to the upside is expected.Follow through to the upside is expected in the S&P 500 for Tuesday, May 28. The price objective is a close above 5340.01:39by DanGramza1
The Power Of The 50-Day Moving AverageBuying a breakout can be a challenge especially if you are not used to seeing one. When you look at this chart you can see that the price is near the overbought area on the trend strength. It is this kind of reading that can force someone, or analysts to think the stock market is going to crash, in fact based on this trend strength it is supposed to crash. But what is keeping this market going? who is pumping money into the markets? There is a lot of conspiracy theories, that we can dive into but thats not what this article is about... this article is about technical analysis. Now according to technical analysis, the price is above the 50 MA also, the 200 MA is below the 50 MA, this analysis means this price is in an uptrend. This is called the Rocket Booster Strategy To learn more Rocket Boost this content also, notice that the power of the bulls is very high what colour in the above indicator represents the bull power? That is the key to trend strength. Remember to Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not, please learn risk management.Longby lubosi1
ES this Monday !Back to the VPOC, then it will move through the LVN, then it will go down to 5300. Just my analysis. It is not a sell recommendation.Shortby juanpablomadrid0
20240607 ESI anticipate bs raid first but not far, after that I anticipate reversal to the downside and move to the DOL TGIF at the bottom of the 4h bisi. It is NFP day so the initial spike in volatility at 8.30 can make way higher initial move to the upside.Shortby Yoo_CoolUpdated 0
ES New All Time High Targets & General OutlookAfter 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 is playing out. This is very vital to understand, as MANY traders lose lots of money overtrading after the trend move happens, all because we naturally try to recreate missed opportunity. Don't. We are building a small flag now above 5363. 5375, 5390, 5403 are the next ATH targets whenever buyers are ready. If sellers want to backtest some supports, 5348 is 1st down, then 5342 CME_MINI:ES1! CME_MINI:MES1! by ESMorgUpdated 0
ES1! PM long opportunity using algorithmic levelsToday 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 we are bullish we use -manipulation! combining this with ADR/&AWR can be really helpfull!Educationby Keclikk1
2024-06-06 - a daily price action after hour update - sp500 e-mGood Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and found acceptance at the highs today. current market cycle: trading range key levels: 5320 - 5373 bull case: I think the first time I calculated the 5560 target for sp500 was in February or something. I did not believe we could get there but here we are. If bulls get another break above the current ath and 5400, we can absolutely get there rather sooner than later. Bulls will continue to try buying every dip and it’s just a matter of bears giving up again. Bull trend lines are alive and well and there is no reason for bulls to exit longs. I think they want to keep it above 5350 or bears might think they have a chance. Invalidation is below 5320. bear case: Bears tried and failed, twice. Two-legged moves inside trading ranges are the norm, so everything was in order today for the bulls. Bears are in pain and if bulls can get another strong momentum rally above 5373, we can see capitulation again. If bears manage to somehow break the drawn bull trend line and get strong closes below 5350, we could see 5300. Invalidation is above 5400. short term: Full bull until clear trend-line break and prices below 5350. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged current swing trade: None trade of the day: 5370 was rejected many times today, was good for short scalps. Other than that, very tricky day. Buying bar 49 was reasonable but bar 53 was a very big surprise which got many stops. Losing is part of this game, accept it and make peace with it.Longby priceactiontds0
ES Price action Review 6-5 & Over Night 6-6Going over the price action yesterday and this morning. looking for setups and what our plan is for today. no setup no trade04:13by BobbyS8130
ES1 to $5,500An inverse head and shoulder has been completed, and I will be expecting a price change to around $5,500.Longby Abubakar400
Could we have bottomed early?Local maximums don't tend to follow the pattern of respecting overextensions like minimums do. This is mostly based on the positive bias people have of the future. Seeing a close this strong is a strong enough sign for the indicator of short term trend to become positive. If this is true then we should start pushing to new high, but if the market does so it risk overextending again but with the coming elections one could expect for the incumbent party to try to inflate stocks to have strong image heading into the polls. But by doing so it creates a high risk of over estimulation which could result in a time of euphoria followed by a crash. It's been 4 years since the 2020 crisis. The mode for recessions is every 3 to 4 years. If technicals begin to overextended and fundamentals to keep up, we might be headed to a new crisis. Technicals need to reset before going forward.Longby DarkMessiah7770
S&P 500 $ES EoM ReviewAll-time highs booked @ $5,368.25 before a minor retracement below the 13th May 24 lows. Area of interest: Buystops: $5,368.25 Sellstops: $5,205.50, $5,166.5014:56by LegendSinceUpdated 0
Lean and Prep 6.5.24ES Trade Plan Inflection: 5297 Upper lvls: 5325 / 5344 / 5358 Lower lvls: 5272-5280 / 5252 / 5226 NQ Trade Plan Inflection: 18656 Upper lvls: 18831-18859 / 18916-18951 / 19049 Lower lvls: 18596 / 18570-18591 / 18471 / 18310-18341 Stay Frosty!07:14by Beyond_ChartsUpdated 0
Live Trade Analysis on MNQ Using PO3, FRVP, Goldbach and ICTHello traders, Today, I'm excited to share a detailed analysis of a live trade I executed on the Micro E-mini Nasdaq 100 (MNQ) futures market. This trade exemplifies the fusion of several advanced trading concepts: PO3, Fixed Range Volume Profile (FRVP), Goldbach, Inner Circle Trader (ICT) methodologies, and Fair Value Gaps (FVG). Let's dive into the trade, the rationale behind it, and the results. Setting the Stage PO3 (Power of Three) PO3 is a concept that identifies three key phases in market movements: Accumulation, Manipulation, and Distribution. Recognizing these phases helps traders anticipate market moves and identify optimal entry and exit points. Fixed Range Volume Profile (FRVP) The FRVP is a powerful tool that shows the volume distribution over a specific range of price data. It helps in identifying high volume nodes (HVNs) and low volume nodes (LVNs), which serve as potential support and resistance levels. Goldbach Goldbach's trading strategy revolves around statistical probabilities and mathematical models to identify high-probability trade setups. It complements other technical analysis tools by adding a layer of probabilistic insight. Inner Circle Trader (ICT) Concepts ICT concepts emphasize understanding market structure, liquidity, and order flow. Key elements include liquidity pools, market maker buy/sell models, and institutional order flow. Fair Value Gaps (FVG) FVGs occur when there is a price gap between consecutive bars, indicating areas of potential liquidity. These gaps often serve as magnets for price, offering opportunities for reversals or continuations. The Trade Market Context Today's trade setup began with a thorough analysis of the MNQ market during the pre-market hours. Using the PO3 concept, I identified the accumulation phase as the market consolidated within a tight range. This was followed by a brief manipulation phase, marked by a false breakout to the downside, which quickly reversed. Volume Profile Analysis Using the FRVP, I identified significant volume clusters that aligned with the accumulation zone. The highest volume node (HVN) within this range acted as a critical support level. Conversely, the low volume nodes (LVNs) highlighted potential areas of resistance where the market might struggle to break through. Goldbach and ICT Confluences I overlaid Goldbach's probability models onto the existing market structure, which provided additional confirmation of the high-probability zones identified by the FRVP. ICT concepts further reinforced these levels by highlighting liquidity pools and likely institutional activity. Identifying the Fair Value Gap (FVG) During the manipulation phase, a noticeable FVG formed as the price swiftly moved down and then reversed. This gap indicated an area where price was likely to return, providing a prime entry opportunity. Execution Entry I entered the trade as the price retraced to the FVG, aligning with the HVN identified by the FRVP. The confluence of these factors—volume profile support, FVG, and the probabilistic edge from Goldbach—provided a robust entry signal. Management and Exit The trade was managed using a trailing stop approach, initially set below the HVN to protect against adverse moves. As the price moved in favor of the trade, I adjusted the stop to lock in profits, eventually exiting at a significant resistance level identified by the LVN on the FRVP. Results and Reflection The trade concluded with a solid profit, showcasing the power of combining multiple advanced trading concepts. The integration of PO3, FRVP, Goldbach, ICT, and FVG provided a multi-faceted approach that significantly enhanced the trade's success probability. Key Takeaways Confluence is Key: Combining multiple concepts and tools increases the reliability of trade setups. Volume Profile Insight: The FRVP is invaluable for identifying support and resistance levels based on actual market participation. Liquidity Awareness: Understanding liquidity pools and gaps helps anticipate market movements and avoid traps. Mathematical Edge: Goldbach's probabilistic models add a quantitative layer to traditional technical analysis. This trade is a testament to the effectiveness of a well-rounded trading strategy that leverages diverse methodologies. I encourage fellow traders to explore these concepts further and integrate them into their own trading plans for enhanced performance. Happy trading, Lord MEDZ10:25by SkinwahUpdated 0
ES OverNight Price Action REview 6-5-24Going over Price Overnight sEession. we are basing in a 20 pt range. not much to do but wait for the market to put in a setup. no setup/no trade Wednesday. keep working hard. always remember to eliminate what isnt working and double down on what is working. 03:01by BobbyS8130
ES poised to go higherIt looks like are going into a 5th wave complex, in trend, and impulsive. looks at this time that the 4th wave i s complets, sideways correction we will see by dryanhawley1
#ES_F Day Trading Prep Week 06.02 - 06.07Last Week : Last week market opened up outside of Value, build some more supply then started the correction lower, we were able to move down to VAL where we found our first Support where we were able to do some covering but eventually we broke, held under and go continuation towards the Lower Edge, we were able to test its bottom where we ran out of Supply and got a sharp reversal back inside Value for a big move from VAL to VAH. This Week : Going into this week if we look at Structure we can see we did a look below VAL and fail which gave a return trip to VAH which we tagged, build more supply under and Failed which gave another round trip back to VAL and this time we tagged Key Support at 5249.75 - 44.75 and it acted as proper Key Support giving another big bounce all the way back towards Key Area and as we can see end of day push over 5295.50 - 90.25. Globex consolidated over Key Area but was not able to hold and we got a flush back inside the Means of 5295.50 - 44.75 Range. This to me screams balance, and I think market will want to stay around these areas going forward until we will build up enough supply to accept under VAL or get stronger buyers to give us acceptance over VAH. My bias is that we might not see higher prices over 5320-40s for some time but of course we never know and have to trade what market gives, for now I believe this current intraday range can finally become our balance range which we haven't gotten in some time, we have been moving ranges back and forth without spending too long in each and I think its about time we get some good balance action that can last a while. The way I will be trading this we have our intraday range means at 5279.25 - 75.25 // 5264.75 - 60.75 this is the area where price might want to keep returning back into, pushes out of them can go towards the Key Edges of 5295.50 - 90.25 as our Resistance and 5249.75 - 44.75 but this is the time to be careful with looking perfect tags or too much continuation outside of Key Edges because if we have found balance we will look for any pushes out of the Means to return back either from failures at/above/below Key Support/Resistance or we could even see pushes out of means that will consolidate above/below without tagging Key Edges and then return back in, and when price is between this will be our balance/build up area. Will continue trading this range until we can see clear acceptance Over or Under Key Support/Resistance and holds over/under VAH/VAL. Levels to Watch : Current Range 5295.50 - 5244.75 Means 5279.25 - 75.25 // 5264.75- 60.75 Key Resistance 5295.50 - 90.25 Key Support 5249.75 - 44.75 IF we do happen to leave balance and accept under/over the ranges would be Above : 5341 - 36 Key Resistance 5324.75 - 20.75 // 5310.50 - 06.50 Means 5295.50 - 90.25 Below : 5234.25 - 30.25 // 5219.75 - 15.75 Means 5204.25 - 5199.75 Key Support by HollowMnUpdated 0
Watching for Make or Break?Watching carefully the blue horizontal line. If it doesn't break, I am almost certain to claim that a downtrend will be begin.Shortby hweikang0
ES 1/3 AWR 1/3 AWR can send us higher! it usually acts as true support / resistance like today!Longby KeclikkUpdated 1
Rising wedge on the S&PWith the rejection of lower prices at the trend line, the S&P appears to be in a rising wedge at what I assume is the end of the uptrend. With FOMC meeting on the 12th, it could be the catalyst for more volatility. But with the VIX broken and a seemingly endless bull run, it is prudent to expect another wrench to be thrown into the fray before July. I'm watching for the pattern to complete by July 5th as of now. by poedric0
Hey traders, it's Lord MEDZ here! In today's videoI'm excited to walk you through a fantastic trade I executed earlier on the Micro Nasdaq Futures (MNQ). Utilizing the ICT Fair Value Gap (FVG), Order Block (OB), and Market Structure Shift (MSS) strategies, I managed to achieve an impressive 11:1 risk-reward ratio within just 20 minutes, all during the New York power hour. We'll dive deep into the 15-second timeframe to break down every detail of this trade. Stay tuned to see how I leveraged these powerful tools to maximize my gains. Let's get into it! 10:08by SkinwahUpdated 0