ES1! morning updateBullish count has wave 4 complete, looking for impulse to start wave 5. Bearish count needs price to break below 5157.25 to complete leading diagonal. Bearish count invalid above 5285.00.by discobiscuit0
Correction Ahead Based on Pivot analisys and Trend Line crossing down we cna expect some correction ahead for S&P dor next Days. Shortby diego.fransozi0
ES UpdateNot actively trading but took a look for my followers. Indicators are not oversold yet, wait for one more drop if you plan to play the bounce. Be careful playing the dip though, AAPL could lose support and my favorite stock, PCAR, took a shit today.by hungry_hippoUpdated 336
Trading Plan for Wednesday, April 10, 2024Trading Plan for Wednesday, April 9th, 2024 Market Sentiment: Volatile and uncertain. CPI came in hotter than expected, increasing the likelihood of continued aggressive actions by the Federal Reserve. CPI Data and Impact: CPI rose 0.4% for the month, resulting in a 12-month inflation rate of 3.5%, surpassing expectations. Core CPI also accelerated 0.4% monthly and 3.8% year-over-year, exceeding forecasts. This suggests inflation remains persistent and could pressure the Federal Reserve to maintain a hawkish stance with higher interest rates. Key Supports Immediate Supports: 5256, 5246-50 (major), 5230-34 (major), 5221, 5213 (major). Major Supports: 5207, 5203, 5192 (major), 5181, 5171, 5162-64 (major), and many more. Key Resistances Near-term Resistance: 5262 (major), 5274-76 (major), 5288 (major), 5302 (major), 5351-54 (major). Major Resistances: 5312 (major), 5374, 5386 (major), 5406 (major), 5441 (major), and more. Trading Strategy CPI Volatility: The hotter-than-expected CPI numbers will likely continue to generate market volatility. Exercise extreme caution and adapt your trading accordingly. Focus on Reactions: Patience is essential. Look for failed breakdowns and reclaims to identify potential entry points. Long Opportunities: Prioritize reclaims over direct bids at major supports. Consider longs if major supports like 5246-50, 5230-34, or 5213 hold after potential dips, but only AFTER a failed breakdown and convincing reclaim. Deep dips to 5162-64 may warrant small knife-catch longs. Short Opportunities: While counter-trend shorts are generally unadvised, those inclined may try shorts at 5302 and 5350, BUT with enhanced caution as even major resistances can be blown through after news events like CPI. Bull Case Bull Flag in Play: The bull flag with support at 5191 and resistance at 5274-76 remains relevant, but the hotter CPI makes a clean breakout less likely. Holding Support: Bulls could still maintain control if 5230-34 holds any dips or if lost levels are quickly reclaimed within approximately 15 minutes. Bear Case Breakdown Signals: A failure of the bull flag support at 5191 (initiated) increases the likelihood of a more significant bearish move. As with ALL breakdowns, be wary of traps – look for a bounce/failed breakdown first, then consider shorts at 5189 for a move down the levels. Increased Fed Pressure: The hotter-than-expected CPI reading strengthens the case for the Federal Reserve to maintain its aggressive stance on interest rates, potentially leading to further downward pressure on the market. News: Top Stories for April 9th, 2024 CPI Impact on Markets Hotter-than-expected CPI raises concerns about inflation and the Federal Reserve's potential actions. Market volatility surges as traders reassess expectations. Treasury Rates & Fed Policy US 10-Year Treasury yield could hit 4.5% on inflation concerns. Fed Chair Powell emphasizes need for inflation cooling evidence before rate cuts. Bowman suggests further rate hikes may be needed if inflation stalls. Individual Stocks Tech and growth stocks may be particularly vulnerable to rising interest rate fears. Defensive sectors such as consumer staples and utilities could receive favor. Reminder: The CPI report has fueled volatility and uncertainty. Prioritize risk management, react to price action, and adjust your trading strategy accordingly!Shortby spytradingpro0
Trading RangeLikely retest the breakout levels of the S&P and enter into a trading range for the remainder of the year.by AlSmith220
Pre-CPI: Main WatchThe index is trading into a near-term resistance zone ahead of CPI... The reaction versus this zone is the main watch heading into the print. Buyers are looking for a breakout, sellers want to defend this zone and see price trade down into last week's low. Longby OpinicusTrades0
CASH (DOLLAR) IS TRASH... S&P performance vs gold and bitcoin The stock market had a monstrous performance in recent years and continues its secular bull run but If you compare it to gold it performs quite normally...and if you compare it to Bitcoin it has a disastrous performance. Looks like those monstrous performances of the stock market are mostly caused by the dollar devaluation rather than anything else by frapelloso0
New ATH Post CPI comingThats my most likely senario for CPI (mom expected +0.3) could be in line which could be positive catalist for market. 5230 CMP is the entry nowLongby HexacapitalUpdated 0
S&P 500 E-Mini (ES_F) Needs Validation for the Next Leg HigherS&P 500 E-Mini Futures rallies in an impulse structure from 10.27.2023 low. Up from there, wave 1 ended at 4607.75 and pullback in wave 2 ended at 4548.75. The Index then extended higher in wave 3 towards 5333.5 as the 1 hour chart below shows. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 5235 and rally in wave ((b)) ended at 5308.50. Index then turned lower in wave ((c)) towards 5191.37 which completed wave 4 in higher degree. The Index has turned higher in wave 5, but it still needs validation by breaking above wave 3 at 5333.5 to rule out a double correction. Up from wave 4, wave (i) ended at 5272.50. Pullback in wave (ii) unfolded as an expanded flat where wave a ended at 5236.5 and wave b ended at 5274.25. Wave c lower ended at 5208.25 which completed wave (ii). Near term, as far as pivot at 5191.37 low, expect pullback to find support in 3, 7, or 11 swing for further upside. If it breaks below 5191.37, then the Index would do a double zigzag and should see support at the next extreme area.by Elliottwave-Forecast224
Could this be the top, a topThe landscape is littered with people shorting, and people who have claming "we're going down". To go down we need some news, over the last 10 years often bad news has driven the market up so many times.. Regularly we hit a new all time high every few days... So I am only suggesting something has shifted, we have had two weeks of selling. Other than news what could send us down, well of course "Paper" Wall Street Insiders could send us down, Paper selling all day long, and day after day is a distant memory, but that could do it. Keep your eyes shart, and be careful. It could be a significant top. Shortby dryanhawleyUpdated 0
SP500**SP500:** New all time high at 5334. Last week closed with a reversal candle, this week the price has fallen, indicating the start of a bearish trend. The price is expected to fall to the zone between 5120 and 5080Shortby simaoxceps1
Trading Plan for Tuesday, April 9th, 2024Trading Plan for Tuesday, April 9th, 2024 Market Sentiment: Consolidating within a tight range. Expect a breakout or breakdown with the potential for increased volatility. Key Supports Immediate Supports: 5246, 5232-35 (major), 5221, 5212, 5207 (major). Major Supports: 5196-98 (major), 5181, 5172 (major), 5155 (major), and many more. Key Resistances Near-term Resistance: 5256, 5262 (major), 5274, 5285 (major), 5294, 5302 (major). Major Resistances: 5308 (major), 5327-30 (major), 5348 (major), 5379 (major), and others. Trading Strategy Rangebound Consolidation: ES is forming a tight base between 5235-5263. Exercise patience and prioritize either tactical adds on support tests/failed breakdowns OR hold a runner position with the trend. Long Opportunities: Look for bids at 5246 and 5232-35 (prioritize the latter). Consider dips below 5232 to 5207 or 5196-98, especially if followed by reclaims. Stick to level-to-level profit-taking. Short Opportunities: While avoiding counter-trend shorts is generally advised, those inclined may consider potential shorts at 5285 (red downtrend resistance) or 5302-08 for dips. Bull Case Holding Support: Bulls maintain control as long as the 5232-35 zone holds. If it does, consolidation continues, likely forming a bullish triangle for another push toward 5274, 5285, and potentially 5302-08. Adding on Strength: If ES bases above 5246 (with dips below recovered) while staying under 5263, consider potential adds. Bear Case Breakdown Signals: A failure of 5232 triggers the bear case. Remember, most breakdowns are traps, so look for a retest and failed breakdown of 5232 first, then consider shorts with level-to-level targets. News: Top Stories for April 9th, 2024 Economic Indicators CPI and PPI data in focus for inflation insights. Bond market signals potential for stable interest rates. Corporate Earnings Big banks to release quarterly reports. Interest Rate Decisions Bank of Canada and ECB announcements could impact FX and indices. EU Joint Borrowing Plan Success of the EU plan could inform future fiscal tools. Corporate Events Blackstone's potential buyout of L’Occitane. Reminder: Expect a breakout from the current tight range, potentially with volatility. Focus on reacting to price action, prioritizing risk management.Shortby spytradingpro0
"Still here"The index shows consecutive inside bars on the daily timeframe chart as price oscillates between the 61 and 38 fib retracement levels Watch for breakoutLongby OpinicusTrades0
Projected upper, lower and close limits for market hoursUpper Price projection: 5,268.02 Lower Price projection: 5,226.36 Close price projection: 5,249.31 However, skews towards larger losses given relative position to 9-day SMA. Shortby DeclanFallon4b1
Trading Plan for Monday, April 8th, 2024Trading Plan for Monday, April 8th, 2024 Market Sentiment: Bullish with potential for volatility as CPI data approaches. Important Note: CPI data will be released later this week. Expect outsized moves and potential traps. Prioritize risk management and adaptability. Key Supports Immediate Supports: 5246 (major), 5230-34 (major), 5221, 5212, 5207, 5203 (major), and others. Major Supports: 5196, 5191 (major), 5181, 5179 (major), 5172, 5162 (major), 5155, 5144-46 (major), and many more. Key Resistances Near-term Resistance: 5255 (major), 5263, 5270 (major), 5279, 5287, 5292 (major), and others. Major Resistances: 5302, 5308 (major), 5311, 5316, 5321, 5329-32 (major), and more. Trading Strategy Defending Support: The 5230-34 zone is crucial for bulls. Holding this level signals potential for an upwards move toward 5287-92, with possible profit-taking dips along the way. Long Opportunities: Focus on the 5230-34 zone (if today's high remains unbroken). In case of a breakdown, use extreme caution and target major supports like 5203 and 5191. Look for failed breakdowns and reclaims as potential long entry signals. Shorting with Caution: Shorting into strength within bull markets is inherently risky. If considering shorts, the best area is the 5287-92 zone (red downtrend channel), with another potential reaction at 5270. Bull Case Holding Strong: As long as 5230-34 support holds (ideally with a minor dip promptly bought below 5203), the path is open to 5287-92. Expect another dip there before potentially reaching new all-time highs. Ultra Bullish Scenario: If bulls hold above 5246 and buy any small dips, this signals strength and could lead to potential adds. Bear Case Breakdown Signals: If 5230-34 fails, the bear case activates. Since most breakdowns trap, look for a bounce/failed breakdown first, then consider short entries with level-to-level profit targets. News: Top Stories for April 8th, 2024 Stock Market Outlook S&P 500 hits record highs, strong Q1 performance increases bullish sentiment. Reduced recession fears and potential Fed pivot drive positive outlook. April historically favorable for the S&P 500. Analysts forecast strong earnings growth with significant upside potential. Corporate Earnings Intel's Q1 2024 financial results release set for April 25th. Perion Network updates guidance, increases share buyback. Economic Indicators Q4 GDP growth remains solid despite high interest rates. Bond market signals potential Fed rate cuts as early as June. Trade deficit widens, while manufacturing data shows strength. Technology Sector Modest growth expected in 2024, with IT investment plans. AI, cloud computing, and cybersecurity to drive tech spending. Other Corporate and Market News Nvidia's strong performance continues in AI chip market. Tesla faces challenges in China, automotive growth slows. Boeing impacted by quality control concerns. Upcoming Events Tech conferences including Google Cloud Next and ODSC East. Women in Tech Global Conference highlights industry leaders. Reminder: The CPI release this week will likely cause significant volatility. Adapt your trading accordingly, with an emphasis on reacting to price action and prioritizing risk management.Shortby spytradingpro0
ES1! - Stagnation In DeliveryMoney can still be mad eon the intraday timeframes but I would need additional information before formulating my bias. There is a 50/50 chance that buyside or sellside could be taken as ES has been trading around the equilibrium of the daily range from march to current date. If ES respects the daily bearish order block, sellside would be in the cards but as the week progresses, I will keep the analysis updated. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN by LegendSince1
Stocks Put A Top In This Week! Further Downside to Come!ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM, we got a FULL All the Way Half Way Back Short this week, going back to the 50% line on Friday and selling off from there. Look for a gap up on Sunday night/Monday and a sell into strength of a 2nd test at the 5272.50 level. Our Target is all the way down at the 5158.25 level, over a 100 points away. ####TRADE ALERT#### ES (US 500- S&P500) Call: Short Entry Type: Limit, ideally better than 5262.50 no worse than 5245 SL: 5290 TP1 / TP2: 5158.25 ###################Shortby CeresTrader3
ES1! S&P500 PREPARE NEXT WEEK - IMPORTANT PRICE POINTS - DAILYThanks a lot you the likes, really appreciate! It is not financial advice just recreational trading idea sharing ____________________________________________________________________ - 5332.5: price point identified as potential optimal entry for short direction trade. Depends on the velovity of the market when if hitting that price point again. - 5168.75 to 5190.75: probable important zone where the price can pullback up or break with strength. - 4938.25: Possible down important price point as we can only look behind and in prices lower than the actual price. Above the actual price it is not possible to see where the market can go. So market will do what it has to do if evolving above 5332.5 . - Some other zone down there but it is not to analyze yet has there is too many important price points above it. Probably observing what the market does from Monday to Wednesday and see which entries can be done on Thursday/Friday for next week.Shortby Diallo_Charts_Ideas1
current charting of es hourlyi look for break out and break down lines. these are identified by pivot points below a line that support and ultimately a large break out, or pivot points above a line that support followed by ultimate large failures when the line breaks. these lines become resistance and support. note todays plunge on nfp and where it found support. the light blue lines are all break down lines with origin at nov lows. i expect these break down lines are at play now with the two larger selling events.by sunriselmi0
Don't Short SupportYTD VPOC held nicely as support... A main LOI we had on watch for today So far price has retraced >61% of yesterday's sell Longby OpinicusTrades0
breaker breaker trade love this setup on the daily.. you can take this setup with your stop right above that high and be content with the trade. by jpestano0
Trading Plan for Friday, April 5th, 2024Trading Plan for Friday, April 5th, 2024 Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial. Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry points. Key Supports Immediate Supports: 5203, 5196, 5190, 5181-84 (major), 5177, 5171 (major), 5163, 5155 (major), 5146, 5142 (major), 5136, 5127 (major), 5115, 5102 (major). Major Supports: 5171, 5142 (important for long positions), and 5102 (major). Key Resistances Near-term Resistance: 5212 (major), 5221 (major), 5230, 5235, 5240 (major), 5250, 5257, 5266 (major), 5274, 5279, 5288 (major), 5294 (major), 5302. Major Resistances: 5257, 5266 (major), 5288 (major), and 5310 (major). Trading Strategy Knife-Catch Mode: Exercise extreme caution and use small position sizes. Longs ONLY at major supports, prioritizing 5181-84, 5171, and especially 5142. Consider longs after a failed breakdown and reclaim. Bullish Reclaims: If bulls regain 5212, watch for acceptance above this level before adding longs. Target level-to-level profits. Short Opportunities: Look for back-tests of the 5235-40 zone as potential shorting areas, as it hasn't been fully retested from below. Bull Case Support Holds: Bulls need to reclaim 5241 to maintain control and set the low. Moves towards 5265 and 5288 are possible if this occurs. Short-term, reclaiming 5212 is essential. Downside Magnet: If bulls make a strong move, 5143 is a significant downside target to watch. Bear Case Resistance Rejections: If bulls fail to retake 5212, expect a retest and rejection. This could open up a move towards 5194 for potential short entries (only if a bear flag establishes between 5212-5196). News: Top Stories for April 5th, 2024 U.S. Jobs Report Strong March jobs report with 303,000 positions added. Unemployment rate down to 3.8% shows continued labor market resilience. Impact on Fed's rate decisions uncertain, as wage growth easing. Corporate News Johnson & Johnson's $13.1 billion acquisition of Shockwave Medical announced. Updates on Telecom Italia financing and China Oilfield Services operations. Market Performance S&P 500 hits all-time highs in March, strong Q1. Nasdaq-100 projections point to good performance for 2024, with specific stock highlights. Global Economic Indicators Japan monitors volatile Yen movements. Disappointing German factory data raises slowdown concerns. India's strong economy leads to stable interest rates. Energy Sector Oil dividend stock recommendations for April. Shell's gas output exceeds guidance. Monetary Policy & Inflation Fed remains inflation-focused, considering mid-2024 rate cut. Developed market inflation expected to ease toward 2024 end. Geopolitical Concerns Questions emerge about reliance on U.S. nuclear capabilities. U.S. strategic moves in managing China's growing power. Technology & Disinformation Chinese AI-powered campaigns targeting U.S. voters & Taiwan. Market Outlook J.P. Morgan sees a challenging 2024 ahead due to economic slowdown potential. Overall positive 2024 outlook for U.S. stocks, experts discuss valuations and rate forecasts. Reminder: Expect high volatility tomorrow due to NFP data and the recent sell-off. Adapt your trading size accordingly (1/4 size recommended). Focus on reacting to price action over any predictions.Shortby spytradingpro0
MES Pickup! Solo Miny Chart Wrightdouble down on your MA to get better vission. The vision is yours as is the world of knowledge. Consider all time frames when making a decision. Longby recipeater0