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
i like a neutral set up leaning buy into mondayfutures have reclaimed some ground at the end of the trading week. i feel good about leaning buy towards the start of next week, as long as were holding a decent level according to this market structure/value area and volume range. this ai strategy shows that the price is supportive of extending its gains if we hold this momentum to the upside.Longby cerealmarket0
ES Day Price Action REview 4-26-24Going over the day's price action ES looking for clues as to what the market was telling us and how we could have traded better for next time. 04:33by BobbyS8131
ES1!/NQ1! side-by-side comparisonSide-by-side comparison of ES1! and NQ1!. I'm proposing that both have impulse waves down from their ATHs to the lows of last week. Areas in orange ellipses show ES1! holding its low and NQ1! breaking its low. I'm interpreting this as evidence that each bounced off their lows with corrective structures, ES1! with a regular flat and NQ1! with an expanded flat. With this in mind, the impulse waves up that we've had this week would need to be interpreted as part of larger corrective structures. I think odds are better than a coin flip that equities roll over for more lows, with key support for ES1! at 5104.50 and NQ1! at 17668.25.by discobiscuit0
ES1! afternoon updateI think that if one is to interpret the move from 5333.50 to 4963.50 as an impulse wave, this is the best way to do it. Wave 1 of the impulse (orange ellipse) is a contracting leading diagonal. The proposed ES1! impulse wave down correlates nicely with NQ1!'s price action (NQ1! has an expanding leading diagonal in its impulse wave). If the impulse wave from 5333.50 to 4963.50 is correctly identified, then wave 2 appears to be a double-three, with a proposed (c) of Y of 2 at or near completion. Bears would be looking to sell ~5148.50-5192.25. I don't think going long at this moment would be the best idea; bulls should have gone long yesterday. Bulls wanting to get in now are likely waiting for more price action into the 5200-5300 range and looking to buy dips from there. Bears are likely closing long positions and/or entering short now.by discobiscuit0
A quick Analysis for +$400 ProfitQuick analysis on the S&P 4-26- before 10am News after 830 Cpi News. Long Trade for Futures Trading the Qeuity MArkets. Live analysisLong06:16by Forecastah0
Trading Plan for Friday, April 26th, 2024Trading Plan for Friday, April 26th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control but facing the after-hours earnings event, which could bring sudden volatility. Key Supports Immediate Supports: 5067, 5058 (major), 5048 Major Supports: 5036-33 (major), 5010 (major), 4996-5000 (major), 4935-40 (major), 4904-08 (major) Key Resistances Near-term Resistance: 5080-82 (major), 5092 (major), 5108 (major), 5126-29 (major), 5145-50 (major), 5177-81 (major) Major Resistances: 5222, 5243-46 (major), 5272 (major) Trading Strategy Earnings Volatility: Be prepared for unpredictable price action and adjust your strategy in real-time. Trading the Range: Expect price to play within the broad 5036-5126 range. Exercise caution and consider bids/shorts within the range rather than chasing direction. Long Opportunities: Look for failed breakdowns at 5067 or 5058 after earnings. Focus on bids cautiously within the range, prioritizing the knife-catch protocol for deeper longs at major levels. Short Opportunities: Look for backtests of 5126-29, 5145-50, or the major 5177-81 zone if reached. Given earnings, approach shorts very cautiously. Profit-Taking: Use level-to-level profit-taking on any position taken, given the increased volatility risk. Bull Case Holding Support: Defending the current 5036-33 major support is critical. Reclaiming Resistances: Bulls need to push above the 5108 zone for a potential run to the next major target areas of 5126-29 and 5145-50. Bear Case Breakdown Signals: A convincing break below 5036 triggers the downside move. 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 26th, 2024 Economic Environment March PCE inflation report and its impact on the Fed's policy decisions. Apollo Global's acquisition of US Silica and implications for the materials sector. Stock Market Updates Mixed signals from global markets amidst geopolitical tensions. Bank of Japan's interest rate policy. Global Market News Market response to various corporate earnings and announcements. Additional Market News Bond market dynamics and potential interest rate cuts. Gold's performance and investment implications. Currency market updates and the impact of the Bank of Japan's actions. Additional Market Insights and News Economic Indicators and Outlook US GDP and Economic Growth: Analysis of the latest GDP report and its implications for growth trends. Corporate Earnings Outlook: Forecasts for 2024 and sector-specific performance expectations. Inflation and Interest Rates: Understanding the relationship between inflation, Fed policy, and corporate earnings. Labor Market Dynamics: Assessing the health of the labor market and its impact on consumer spending and corporate profitability. Technological Advancements and Market Shifts Generative AI and Business Transformation: How is GenAI impacting decision-making and efficiencies in various industries. Quantum Computing and Competitive Edge: Exploring the potential of quantum computing in various sectors and its implications for competitive advantage. Sustainable Technology Initiatives: The increasing focus on green technologies and the integration of sustainability with innovation. Industry Cloud Platforms (ICPs): Examining the adoption of ICPs and their role in accelerating digital transformation. Reminder: The after-hours earnings events introduce major volatility risk. Prioritize risk management and adapt your trading strategy accordingly. Longby spytradingpro0
Morning Price Action rEview Pre-PCE 4-26-24Going over the price action overnight pre-PCE looking for clues and discussing plan for the report today. we are sized down but looking to go with whichever way the market wants to go today. no feelings just reacting to zones. 02:22by BobbyS813220
Micro E mini S&P500 15/4/2024We are at an interesting place in the S&P500, on a positive news week the market failed twice. NFP and CPI news. In my believes and past experience this is showing signs of market exhaustion. I have put a Sell stop at the stop of last weeks price movement risking 1% to gain 2.3% Shortby insanemalinUpdated 1
#ES_F Day Trading Prep Week 4.21 - 4.26Last Week : Last week Globex opened and pushed out of Value of 5227 - 5066 Range, by RTH Open we were able to make a push over 5207.50 the Edge low but we needed acceptance over 5207 - 04 area and instead selling came in which took us through the Mean and right through VAL of that Range without any buyers being at VAL, instead we got covering and buying under Value which gave us the consolidation between the bottom Edge and VAL of that Range until Mid Week. After shorts were done covering and no stronger buying came in to push us back inside Value we continued for the lower Stops through the 5086 - 66 Edge and eventually made a move from the Edge to VAH, Mean and VAL of the lower Range. This time around we found buying at VAL of the range and we finished Friday with a pulled back to VAH, push above Value and saw selling come in to bring the price back inside Value and close at the Mean of the range, this was perfect scenario to end the week as we know markets like to find areas to balance in and closing inside Value is signaling potential balance. This Week : Going into this week we have now accepted in this 5086 - 4925 Range, Month End is upon us, and we have our Settlement Ranges and Supply above VAH and above 5086 - 66 Edge. Can the market continue lower ? Yes. Can the market get a big bounce and go back over 5050 - 60 - 80s? Sure it's possible. Anything can happen but for now to keep us grounded we have few things that the structure is showing us. We can clearly see Supply and Sellers above VAH, we can see that around VAL and under Value we have buying or at least SIZE short covering which has and can keep us up, if we didn't have that then Friday we would have kept going and taken that VAL and ON Low which we created on the scary Thursday flush. Of course doesn't mean covering will still be there this week and that sellers will still be over VAH but until it shows us otherwise we can't force for big continuations under Value or hope for big bounces over 5050 areas. One of the scenarios to look for after big moves up and down like we had is for market to find some balance, could this be the Range we will do it in ? If that will be the case then we can spend quite a bit of time around this 5086 - 4925 Range until we see clear moves and acceptances over/under it. If this will be the case we will look to spend most of our time trading around Value of this Range and pushes outside of Value to find their way back in. This could be the case for more than just this week but for now we will play it week at the time because who knows. We will want to focus mostly on 5066 - 5013 // 5019 - 4967 and 4972 - 20 Intraday Ranges. Trading level to level catching 10-15 point moves between them is ideal if we start balancing in Value because that tells us we have buyers and sellers, might need to be patient letting the moves properly set up as the volatility has been pretty crazy recently, not a time to be a hero forcing for big moves in my opinion. Levels to Watch : Current Range 5019 - 4967 Key Resistance 5019 - 13.75 Means 5001.75 - 4997.75 // 4988.25 - 84.25 Key Support 4972 - 67 IF Accept Under 4972 - 67 Means 4955.75 - 4952.50 // 4940.50 - 37.75 Key Support and Edge Low 4925.25 - 20 IF Accept Over 5019 - 13.75 Means 5034 - 31 // 5048.75 - 45.75 Key Resistance and Bottom of top Edge 5066.50 - 60.75by HollowMnUpdated 1
ES day Price Action REview 4-25-24going over the day's price action looking for clues to how we could have traded today better. lots of action today from a series of reports at 8:30 to auctions to earnings after hours GOOGL MSFT INTC 05:45by BobbyS8130
PCE next!The PCE numbers coming out on Friday can set the tone for the S&P 500 not only for Friday's action but week as well. How the market will respond is 50-50.02:05by DanGramza2
Trends in conflict; Earnings Likely to cause a short reboundSo again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and I expect the week to be typical which means we will rebound during the Earnings season, especially next week with major powerhouses reporting (Microsoft, Google, Tesla). If NVidia was reporting I'd suggest we could rise back up towards 5300, but they are not until the end of May. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5040 Downtrend (4/18/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High This shows lots of downward pressure, although several of the trends are a bit oversold as the 30m has managed to run away with the market. Economic Calendar; Nothing important today or the start of next week. GDP is next Thursday though and CPE is Friday. If I was to express some sentiment it would be Shorter Term - Neutral/Bearish Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Neutral Longer Term - Bullish ... if the above makes any sense! Oh, and yes, I still have those Soy contracts. They are worth a whopping $1200 after all this time. I may trade them in for some 6E contracts if I see that look like it could run back up to 1.10 any time soon. Safe trading, and remember your risk management! Safe trading, and remember your risk management!Long12:31by SemperTraderUpdated 224
ES UpdateMFI already oversold, but RSI is not. Considering ES has an open gap below, I recommend waiting. It's my birthday tomorrow, so not opening any trades today, good luck. BTW, this is why I keep saying earnings are crap shoots, lots of people got burned pumping for META (FB) earnings. MSFT and GOOGL AH today, but both gapped down last time.by hungry_hippoUpdated 337
Setup 2024Test test and test...more text to satisfy TV. This is just the latest indicator setup.by TradeApe0
Overnight & Morning SEssion Review ES 4-25-24going over the Overnight and morning session looking for clues as to what the market is telling us and how we should be positioning ourselves. always remember we don't want complainers and whiners in our lives. get them out. 03:47by BobbyS8130
Volume Profile Structural AnalysisGuide to Structural Market Analysis Using Volume Profile Introduction: Here's a systematic approach to identifying market structure through Volume Profile Structural Analysis. By charting key levels on a higher time frame and refining entry/exit points on a lower time frame, traders can discern potential market movements and adapt their strategies accordingly. Step 1: Chart Markup on a Daily Time Frame Profile Configuration : Set up your Volume Profile in TradingView (Visible Range Profile) to encompass the full range of visible price action on the daily chart. This will capture the broad market structure, encompassing long-term HVNs and LVNs. Identify Node Delineations : Mark horizontal lines at the edges of HVNs (Volume nodes) with a clear transition to lower volume, signifying support and resistance levels. Mark Deep Crevices: Place horizontal lines at deep crevices within LVNs (Volume Wells), indicating areas where prices may trend rapidly due to low volume, where the price will likely pause/pass/reject. Color Coding : Assign distinct colors to the lines marking major nodes for easy recognition when zooming into smaller time frames. Step 2: Zooming into Intraday Time Frames (1-15 Minutes) Visual Reference : Use the lines drawn from the daily chart as a reference point in the intraday time frame to assess short-term price action. Recognize Patterns : Observe how the price interacts with these pre-marked levels. Note areas where price consolidates (within HVNs) and where it trends (through LVNs). Price Action Scenarios : Create potential movement scenarios based on the current trend, support, resistance lines, and expected behavior at HVN and LVN levels. Step 3: Trade Planning and Execution Consolidation Plays : In HVN areas, plan for non-directional or mean-reversion trades that capitalize on price stability and low volatility. Breakout Trades : When the price approaches the edge of an HVN, prepare for potential breakout trades, anticipating a move into and through the adjacent LVN. Momentum Trades : As price enters an LVN, consider momentum-based strategies that align with the rapid movement towards the next area of high volume. Step 4: Trade Management Dynamic Adjustments : Actively manage trades based on real-time price action and structural changes. Be prepared to adjust stops and take profits as price interacts with marked levels. Volume Profile Updates : Regularly update the Volume Profile to reflect recent market activity, which may reveal new HVNs and LVNs, and adjust marked levels accordingly. Step 5: Review and Reflect Post-Trade Analysis : After trades are completed, review the accuracy of your structural analysis and how well price respected the HVN and LVN levels. Continuous Learning : Use this review process to refine your marking approach and color-coding system for improved clarity in future trading sessions. Conclusion : Using Volume Profile for structural market analysis allows a strategic understanding of potential price movement. By identifying high and low-volume areas from a macro perspective and zooming in to capture nuances in the price action, traders can craft informed and adaptive strategies that resonate with the underlying market dynamics. The guide emphasizes the importance of planning, execution, and post-analysis in the context of structural market analysis, promoting a disciplined yet flexible trading approach.by traderofoptions0
Trading Plan for Thursday, April 25th, 2024Trading Plan for Thursday, April 25th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control. Key Supports Immediate Supports: 5088-92 (major), 5082, 5077 (major), 5067 Major Supports: 5054-57 (major), 5033-36 (major), 5005-10 (major), 4966 (major) Key Resistances Near-term Resistance: 5104 (major), 5115-20 (major), 5133-36 (major), 5171-75 (major) Major Resistances: 5191 (major), 5225, 5240-45 (major) Trading Strategy Trading the Chop Zone: The 5088-5115 range is currently a choppy, congested zone. Exercise caution with overtrading and consider sniping within the zone over chasing direction. Long Opportunities: Look for failed breakdowns at 5088-92 or 5077. After earnings, focus on bids cautiously within the range, prioritizing the knife-catch protocol for deeper longs at major levels. Short Opportunities: Look for backtests of 5115 or the major 5171-75 zone if reached. Given earnings, a breakout of the current flag pattern is possible and could be considered, but use caution. Profit-Taking: With Meta earnings, use level-to-level profit-taking on any position. Bull Case Holding Support: Defending the current bull flag structure (5088-5115) is critical. Look for a base building within this range or a breakout. Reclaiming Resistances: Bulls need to push above the 5133-36/5155 zone for a potential run to the next major target, 5171-75. Bear Case Breakdown Signals: A convincing break below 5077 triggers the downside move. 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 25th, 2024 Earnings Releases Meta Earnings: Reports weak revenue guidance, drops 16%.Longby spytradingpro1
ESES looking like profit taking about to happen. Up at monthly pivot coincides with Q as well.Shortby patricktapperUpdated 0
ES - Run On BuystopsCapitulation begun from last Thursday and if you was short throughout the beginning of this week, you would be sure to have booked a healthy piece of that explosive movement. Not one day passed where ES printed bullish on the daily timeframe after last Thursday’s high @ 5257.50. Fridays bearish sell off was met by bullish resistance at the Jan 31 2024 daily bullish order block which shows that there’s signs that a retracement is in the cards. With very little sellside imbalance buyside inefficiencies, that leaves ES with a potential bullish run upto 5120, over 100 handles if we was to reach the nearest imbalance in price action. With the dollar selling off and YM shifting in market structure after sellstops was taken, this intermarket relationship would aid my bullish bias. However, I am awaiting accumulation coupled with manipulation before the big news announcements on Tuesday. So Monday, I’d like to see a continued short term sell off before running intraday buystops, creating a bullish breaker. 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 KORTANLongby LegendSinceUpdated 1