S&P 500 E-mini Futures

ES1! CME_MINI

hungry_hippo

Take a look today, futures selling off because it's Thursday, lol. US markets aren't even open, Asia and Europe are closed right now. All computer action. Wouldn't be surprised if there's an EOD kick up because tomorrow is Friday, lol. It should really tell you something when futures do their usual thing even when the market isn't trading at all. In any case,...

tranceglider

Top of the range. Could see a blow-off top to 3800 but in 1-2 months, we should revisit 3300-3400 on the ES. Superimposed is Ashwath "King of Valuation" Damodaran's Monte Carlo output of the S&P valuation. If Fed is even a bit hawkish we could revisit 3100.

frodo75

pic says a thousand words. caveat emptor and good luck!

dannycc24

Bear case (just a theory): If we take a look at time and space on this daily chart, 25 bars (35 days) for the trough-peak-trough before the election. If we take the FDA talk on the vaccine for the same whatever reason, I believe there is a possible downside of ~9% until Dec 9th, a trough-peak-trough total of 29 bars (36 days). - Yellow trend line act as...

Barkworth

I'm not much of a fractal man, but this looks bearishly interesting.

wayum999

I would expect things to move higher towards 3700; although there will likely be some resistance around the FIB of the drop, hence my exit point. Also, I would anticipate more sideways and slowly bearish movement through end of November and December. The real devastation will come when the virus cases have reached a level where brick and mortar retail cannot be...

c0de4

ES appears to be in a ABC correction, wrapping up a small B wave will initiate a larger C wave down. This has the potential to be bottom before we ramp to ATH's.

DHLawrence

In this round of Fear or greed, we have nice fits for the turquoise bullish pattern as well as the longer range blue crash pattern that we have been working with for a few days now. I'll be watching the MACD and RSI for clues on all the time frames. Good Luck!

hungry_hippo

MFI and RSI are no longer overbought, and chart patterns are also inconclusive. Best bet is to just let Fri and Monday play out and short on Tuesday if the market gets pumptarded or buy the dip if it crashes. One thing I learned this week is that fundamentals and valuation have absolutely no bearing on the market. It's all momentum and futures pump and...

coolingla

for the next few months

Urameshi_Trades

Here's the bull move, not saying it will go bull but there it is.

02:37

LetsTalkAboutTrading

FAKE News actually has one thing I like. It's called the "Fear and Greed Index". Folks, I have been using this indicator for years and it just flat out works. I have had people email asking me why I have been continually talking about the correction soon coming. This is one of the main reasons why.

DHLawrence

This looks very bearish to me! Is this Trumps gift to Biden, as he tries to burn the place down on his way out? What has he been silently concocting the last few days? Good Luck!

03:39

TradeContext

Day before Thanksgiving in the U.S. will probably mean slow and low volume, particularly later in the day. Here is a link to the holiday calendar for the CME, so that you can see what the trading hours are for you. www.cmegroup.com I would expect the market to stay between 3650 and 3600 today with a skew in the...

AidanMDang

Here we have a smaller ascending channel (red) within a larger ascending channel. If the pattern continues we should see a test of the lower bound of the red channel. Three targets are labeled within the red channel Good luck. Remember to like and follow for more analysis and share your thoughts in the comments!

18:25

mingjong

Are you using this "spring" trade entry setup to ride the trend? Find out how you can catch the trend before it makes the greatest move. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 25 Nov 2020 trading session. In this video, you will find out the market recap during the last session and a trade review...

hungry_hippo

The algos pumped ES afterhours, and the Asians opened with a gap up and pump, but promptly sold off when ES RSI went overbought. Not sure what to make of it since MFI didn't get overbought, but futures are flat except NQ which is up 35pts. 20 pt reversal on ES. NQ also hit overbought on RSI but not MFI. COuld just be a whipsaw day tomorrow, but I'm sorta...

Itsallsotiresome

ES at the daily view. Welcome to 2020 where "ridiculous" is now an average Tuesday. The only thing that hasn't changed are permabears complaining every single day. What has changed are the permabulls are now more annoying. The rotation from growth to cyclical definitely blew away shorts. In fact, financials, energy, and industrial were among the most shorted...