Learn 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!
Trading 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),...
Stocks 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...
going 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.
We 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.
Going 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.
MFI overbought but RSI is not yet. Guessing pump and dump tomorrow, I'll wait.
Going over the price action ES Morning session Reflecting on the clues the market gave us and what we should have been listening for.
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 decrease
Trading 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...
Monday 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!
While 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.
Going 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.
**SP500:** The price is expected to fall to the zone between 4854 and 4831.
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...
1. 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...
going 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 = Wisdom