After the volatility seen on Wednesday in the S&P 500, the expectation is that Thursday will be a day for the market to catch its breath before labor numbers come out on Friday. This means trading inside Wednesday's range on Thursday.
After the release of the CPI data on Wednesday buying momentum is picking up in the S&P 500. The expectation is follow through to the upside but not a large move on Thursday.
So trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and...
going over the price Action ES for Monday 5-13-24. looking for clues as to how we could have traded better today and what the market was telling us.
ES Monday Trade Plan Inflection: 5245-5249 Upper lvls: 5258-5265 / 5272-5280 / 5302-5308 Lower lvls: 5230-5232 / 5212 / 5200 NQ Monday Trade Plan Inflection: 18268 Upper lvls: 18339 / 18497-18503 / 18571-18586 Lower lvls: 18203 / 18149 / 18063 Stay Frosty!
Weekly plan: ESH2024 NYSE:ES FUTURES 5/12/2024 5280 >> 5307 >>> 5334 Weekly pivot: 5250, Now 5238 5224>> 5173 >>> 5146
Going over the morning session ES looking for clues and how we could have traded better today.
Going over the price action Overnight ES looking for clues as to how to trade the morning session. We are lowering risk Day 6 uptrend
Going over todays price action. looking for clues to what the market was telling us and reflecting on our trades and what we could have done better.
Going over the price action overnight ES looking for clues as to what the market is telling us and thinking about our trade plan for the day.
going over Price Action for the Day Session looking for clues as to what the market is telling us. always know where you'll get out if you're wrong and remember we are risk managers first. that is our most important job.
Going over the Price action ES Morning session looking for clues as to how we could have traded it better. spending the time to reflect so we can gain Wisdom. Do the Hard Work. Pain + Reflection = Wisdom
ES Trade Plan Inflection: 5210 Upper lvls: 5220-5229 / 5243-5247 / 5262 Lower lvls: 5194-5199 / 5183-5184 / 5178 / 5170 / 5154 NQ Trade Plan Inflection: 18180 Upper lvls: 18270-18306 / 18571-18586 Lower lvls: 18134-18155 / 18100 / 17994 / 17937 / 17774-17810 Stay Frosty!
Going over the Days Price Action ES. looking for clues and asking the important questions.
Going over the Overnight Price action review looking for clues and the plan for today.
Going over the day's price action looking for clues as to how we could have traded better today. Pain + Reflection = Growth
Trends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5086 Uptrend (5/2/2024) Higher High 1Hr - 5117 Uptrend (5/1/2024) Higher High 2Hr - 5117 Uptrend (5/1/2024) Lower High 3Hr - 5157 Uptrend (5/3/2024) Higher...