ES updateMentioned this in the NQ post, ES is not oversold yet on RSI or MFI. Recommend waiting until tomorrow to buy the dip, though gap direction may depend on earnings. AMZN tonight, QCOMM tomorrow, AAPL on Thu afternoon.by hungry_hippoUpdated 11
Using CME ES1! Event Contracts to Trade the Last Day of MonthLearn to leverage CME Group's Event Contracts for trading the E-mini S&P 500 on month-end. Watch how Anthony Crudele breaks it down in this video!07:23by Tradovate0
Trading Plan for Tuesday, April 30th, 2024Trading Plan for Tuesday, April 30th, 2024 Market Sentiment: Bullish, within a consolidation period likely followed by a breakout. Exercise caution and patience with trades. Key Supports Immediate Supports: 5127-30, 5121 (major), 5108 Major Supports: 5083 (major), 5067 (major), 5039 (major) Key Resistances Near-term Resistance: 5136, 5150-55 (major), 5176 (major), 5191 (major) Major Resistances: 5205-5208 (major), 5230, 5246 (major), 5270-75 (major) Trading Strategy Consolidation Breakout: Anticipate a breakout from the current 5120-5155 consolidation range. Plan accordingly for both bull and bear breakout scenarios. Long Opportunities: Prioritize failed breakdowns at 5121 for potential long entries. Focus on bids within the current range and knife-catches on major supports if deep flushes occur (5067, 5039). Short Opportunities: Due to the potential for a strong breakout, approach shorts cautiously. The 5176 and 5191 levels offer shorting opportunities, but with increased risk in the bullish environment. Utilize level-to-level profit-taking. Risk Management: Implement disciplined risk management in this potentially volatile period. Bull Case Holding Support: Defending the 5120 support within the current consolidation range is crucial for bulls. Breakout and Retest: Look for an upside breakout from the 5155 resistance area, followed by a successful retest for further confirmation. Targeting Higher Levels: A breakout could trigger an upward move, focusing on targets at 5176, potentially extending to 5191. Bear Case Breakdown Signals: A convincing break below 5121 signals a downward move. Watch for a bounce/failed breakdown as an entry point for a short position, with level-to-level profit-taking. News: Top Stories for April 30th, 2024 Market Dynamics and Corporate Earnings Global Activity: High activity with 1,300 company earnings reports expected; Federal Reserve's FOMC meeting closely watched for rate decision insights. Sector Highlights: Tech sector leads with major gains by Nvidia and Super Micro; Financials gain on rate cut hopes; Real Estate and Energy sectors lag. Economic Indicators and Central Bank Decisions FOMC Meeting: Coming up on 5/1 Jobs Data: Upcoming release expected to influence Fed's future decisions, especially on inflation control. International Markets Asian Markets: Mixed responses with Japan's Nikkei up and Shanghai Composite down. European Central Bank: Anticipated to follow Fed with potential rate cuts amid inflation challenges. Analysts' Projections and Market Sentiment Future Rate Cuts: Initially expected in mid-2024, now possibly delayed due to persistent high inflation. Investor Outlook: Cautiously optimistic but prepared for potential volatility due to uncertain monetary policy outcomes.Longby spytradingpro2
US Stocks Ichimoku and Volume Profile AnalysisStocks have survived a standard Ichimoku cloud pullback and the bull run off Volume Profile support of 4979. Price has recovered up to the 50% Retracement (Kijun Sen) of the move down. 5148 = 50% Retracement Resistance and price this week is responding to it. The Volume Profile Resistance above it is 5167. These are the levels to conquer to resume the 2024 bull trend.by norok25
Morning Price Action Review ES 4-30-24going over the overnight session ES looking for clues as to how to trade the morning session. always know where you'll get out if you're wrong.01:56by BobbyS8130
Market Recap: The Consolidation Has BegunWe closed the day just 2 ticks from the open. That is the definition of consolidation! There was one setup to speak of and I think it was a pretty high probability one. The opening gap acted as a magnet to give the setup more conviction. 01:49by JoeRodTrades0
ES Day price Action REview 4-29-24Going over the price action for the DAy ES 4-29-24. market still in consolidation mode after thur/fri massive runs. looking for clues and how we could have traded better today. 03:25by BobbyS8130
ES UpdateMFI overbought but RSI is not yet. Guessing pump and dump tomorrow, I'll wait.by hungry_hippo10
Morning Price Action REview ES 4-29-24Going over the price action ES Morning session Reflecting on the clues the market gave us and what we should have been listening for. 02:27by BobbyS8130
It seems that the downward trend is still dominant It seems that the It seems that the downward trend is still dominant and there is a higher probability of a decrease and there is a higher probability of a decreaseShortby forkman0
Trading Plan for Monday, April 29th, 2024Trading Plan for Monday, April 29th, 2024 Market Sentiment: Bullish, following a multi-day rally. However, proceed with caution as a period of price discovery and more complex action is likely after the strong movement. Key Supports Immediate Supports: 5127 (major), 5117, 5102 (major), 5089 (major), 5082 Major Supports: 5068-72 (major), 5043 (major), 5034 (major) Key Resistances Near-term Resistance: 5150 (major), 5168-5171 (major), 5185 (major) Major Resistances: 5206-5208 (major), 5230, 5245 (major) Trading Strategy Consolidation Anticipated: Expect a period of consolidation and complex price action after the recent surge. Overtrading can lead to losses. Long Opportunities: Look for failed breakdowns at 5127 or 5102 as potential long entry points. Prioritize bids within the current range for a cautious approach. Short Opportunities: Target the 5185 level (resistance of the downtrend channel) for possible short positions. Consider level-to-level profit-taking within the range. Risk Management: Maintain disciplined risk management in this potentially volatile environment. Bull Case Holding Support: Defending the 5127 or 5102 major supports is crucial for bulls to maintain control. Reclaiming Resistances: Bulls need to push above the 5150/5168-71 zones for a potential run to the next major target, 5185. Adding on Strength: In an ultra-bull case, look for bull flagging above 5127 to add exposure in anticipation of an upward move. Bear Case Breakdown Signals: A convincing break below 5102 could trigger a deeper retracement. True bear case resumes with a break below 5033. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 29th, 2024 Equity Market Overview Global Performance: S&P 500 and Dow Jones rose over 10% in Q1 2024; European and Asian indices also hit highs. Sector Trends: AI boom fuels tech sector gains; value stocks participate more in market rallies. Bond Market Dynamics Interest Rates: Delayed rate cuts by the Federal Reserve impacting bond yields. Performance: High yield bonds outperforming investment-grade due to favorable risk-return amidst volatile rates. Key Economic Indicators Inflation and Sentiment: Persistent inflation concerns; consumer sentiment improves slightly. GDP and Employment: Strong GDP growth and employment figures support bullish equity market sentiment. Market Outlook and Investor Sentiment Short-Term: Continued growth expected, but potential for increased volatility. Long-Term: Earnings growth modest in sectors like IT, significant in "Magnificent 7" companies. Federal Reserve Policy and Market Outlook Fed Stance: Maintains rates; cautious on inflation. Market Impact: S&P 500's performance influenced by rate cut expectations; market may face limited growth post-rate cuts.Longby spytradingpro1
Monday Prep and Lean SPX/ES/NQMonday Prep and Lean SPX/ES/NQ ES Monday Trade Plan Inflection: 5146-5153 Upper lvls: 5170 / 5183 / 5190 / 5202 Lower lvls: 5127 / 5119 / 5111-5115 / 5091 NQ Monday Trade Plan Inflection: 17813 Upper lvls: 17937 / 18052-18063 / 18184 Lower lvls: 17735 / 17682-17697 / 17507 Stay Frosty!Long10:31by Beyond_Charts0
Weekly Market Preview: Consolidation Week AheadWhile technical have us in the daily trigger zone for a another bearish leg, I think future contracts and overall market sentiment is set to consolidate. There is some confusion amongst investors but, with a bearish bias overall. A break and close below a previous day low will help technical to begin a second leg. 08:06by JoeRodTrades2
Morning Price ACtion Review ES & Main StocksGoing over Price ACtion ES overnight and starting to add in the other main stocks as well. Looking for clues as to how we can position for the day. 06:32by BobbyS8130
ES Weekly Levels (Apr29-May3)Here are my levels for this the coming week. ES had a sharp reversal last week bouncing 2.56% after trading down for 3 weeks in a row. Dispite the strong rally the risk of bearish continuation remains high. A rejection at the top of the red box could easily send price into a compound corrective move down to the 200 sma and the July 27th high. Much depends on the reaction to FOMC, NFP as well as the earnings reports from AAPL and AMZN. SUMMARY ES posted a weekly gain of 2.56% after trading in a huge 140 pt range ES made a sharp reversal back above the 2021 high and the 9 & 55 emas ES had the best weekly gain since Nov 2023. R2 = LTF 618 Fib RT (5190) R1 = 21 ema/ 55 ema (5141) S1 = 9 ema (5109) S2 = 2012 high (5092) Bias remains down to sideways as the upward trendline has been broken. 200 SMA price magnet in play Compound corrective move down to the July 27th high & 200 SMA is possible FOMC Rate decision on Wed & Non-Farm Payrolls on Friday Heavy week of earnings ahead including reports from AAPL, AMZN, MA, AMD, COIN & NET. Global event risk is high Sell in May effect in play. RSI 47.80| VIX at 15.02 | 10 year 4.66% by WadeYendall2
S&P500 (ES1!, SPX500, SP500) From Bullish to BEARISH1. Price swept a lot of low resistance lows with this bearish impulse, and created a new Swing Low. This is the External move. 2. Price retraced to the -FVG, a premium PD Array. This is an Internal Range Liquidity move. Expecting price to wick up past the PDH, but close inside the -FVG, and potentially end the retracement. Bearish PA should follow. Price is in premium prices now, as it crossed the Equilibrium of the trading range. Buys are not recommended until the price action shows a significant +BOS with a strong bullish close. LIKE, COMMENT or SUBSCRIBE if you like and want to see more analysis. Thank you for viewing!Shortby RT_Money0
ES Weekly Price Action Review 4-22 to 4-26 2024going over the weekly price action and then some ES. going to be doing this every few days going 1 day at a time and looking forward 1 week at a time. keep working hard and reflect. Pain + Reflection = Wisdom05:43by BobbyS8130
S&P 500 & Nasdaq Targets Next Week! All Time Highs Incoming?In this video, we will discuss the potential targets for ES1!, NQ1!, and RTY1! in the upcoming week. The technical indicators I've used include Bollinger Bands (20,3), Beacon Indicator, 5-day SMA, and YTD AVWAP. The market environment has turned bullish again as I believe the short-term sell-off in market indexes is over. We are now back in bull mode, anticipating higher prices next week with the potential for new all-time highs in the coming months.Long09:53by anthonycrudele9
Marekt Recap: Thursday-Friday SpecialSince there was not going on much between the two days, I decided to combine the two days into one. Sorry for the delay overall but, we covered the trades I took and the setups ups I noticed in both days. 05:04by JoeRodTrades1
ES S&P500 Increasingly BearishThe S&P 500 is officially bearish as of Fridays close according to my intuition and strategy. I will be watching closely this week - targeting shorts around 5240. I expect to see a test the 5060-5000 level. A daily close above 5240 would be bullish and invalidates this idea. In the mid-term, I'm targeting key levels of interest to buy once this dip finds legs. Shortby GrayTrader01Updated 2
ES (S&P500)... Expecting a short term BULLISH Move!Bearish, but expecting a short term bullish move. Price has reached the 4th standard deviation, swept the LRLR, then mitigated the +OB. The expectation now is an External -> Internal LQ move. Wait/watch for signs of reversal from the current poi. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want to catch all of my future postings!Longby RT_MoneyUpdated 111