ES Before Bedtime UpdateAll 3 indicators are oversold, but quite frankly I'm not very bullish. I'd rather short the pumps at this point. Probably not trading tomorrow. My best guess is that Israel will attack on April 26th, because it's my birthday, lol.by hungry_hippo6
SPX Short on Possible Lower High Pattern.We've been making lower highs for a while. If this pattern is to hold we'd have optimal shorting entries here. We are rallying strong into the 76 retracement, triggering a possible 76 reversal: Shortby holeyprofitUpdated 5
SP500 Forecast: Navigating Bearish Trends Towards New All-Time HThe S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high." Cela semble indiquer que vous prévoyez une baisse temporaire du S&P 500 vers les niveaux de prix mentionnés, avant qu'il ne reprenne sa tendance haussière et crée de nouveaux sommets historiques. User traduit moi ça en anglais ChatGPT "The S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high.Shortby RabyaAQELUpdated 112
Possible Low Area: Good ops to short rip We might be in bearish Elliot waves here on ES / SPX. If we are, there's a good chance we are at a low point now and due to enter into an ABC correction. A two leg spike with a bear trap (But no new low) in the middle. Sets up a possible high RR short on the C point. Most of the previous short forecast has hit now. by holeyprofitUpdated 3
ES1! evening updateAlthough 15 April was a bearish day, and the daily price action continues to give us lower lows, I think the possibility of a leading diagonal is now less likely. 5213.25 is now key resistance, and I anticipate that resistance to hold and at least one more daily lower low before a bottom is found.by discobiscuit0
Inside type dayAfter the drop in the S&P 500 on Monday, and inside day would be expected unless we get surprise fundamentals for continued weakness in this market on Tuesday.03:12by DanGramza2
$ES $SPY $SPX 4 hrly chart; channel to upside broken; then channel to downside broken down too. by William_Blake0
ES UpdateES hit the bottom trendline, but like I said last week, I'm not going long until both RSI and MFI hit oversold. Quit frankly I'm scared to hold any long position overnight, so probably just gonna day trade tomorrow if it does go oversold. I didn't post this morning because I wasn't quite sure what the market was gonna do, MFI hit oversold premarket, but the market sold off the gap right away. Looks to me like I'm not the only one waiting for RSI to go oversold. I'm under the assumption that the daily indicators will hit oversold, so there will be a better play in a week or two anyways.by hungry_hippo4
S&P Bearish after Retail Sales.. Israel/Iran conflict abroad? 🤨The S&P futures is quite weak after strong USD retail sales data. This move opposes a rational reaction to data that came out better than forecasted by a good margin. The market is pulling back and continuing the bearish momentum from the previous week. This may have to do with the conflict between Israel and Iran, this retracement back down. Oil is pushing up and Gold is pushing up late in the NY session here on Monday April 15th.. Money is being shifted to those Risk-On assets rather than stock indices such as S&PShortby ShrewdCatfx1
Morning Price Action Review 4-15-24Going over the price action ES overnight looking for clues to what the market wants to do. trying to listen more to the market and think less. no trade setup no trade.01:22by BobbyS8130
ES1! afternoon updateBull count in green has wave 4 complete with a double-three, bulls need to hold 5150 and break above 5243.50. Bear count has leading diagonal 1 in progress, needs 51550 support to break and 5243.50 resistance to hold.by discobiscuit0
Trading Plan for Monday, April 15th, 2024Trading Plan for Monday, April 15th, 2024 Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open. Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for a wide range of outcomes, substantial gaps on the open, and rapidly changing market conditions. Key Supports Immediate Supports: 5163 (major), 5155, 5142, 5134-36 (major), 5126 (major) Major Supports: 5120, 5115, 5108, 5102-5097 (major), 5091, 5082 (major) Key Resistances Near-term Resistance: 5177 (major), 5185, 5192-95 (major), 5203 (major) Major Resistances: 5218 (major), 5228-30 (major), 5245 (major), 5262 Trading Strategy Weekend Headlines: Be prepared for anything related to the Iran/Israel situation. This news will dominate market reaction. Adaptability is Key: Market conditions could change rapidly, prioritize flexibility and risk management. Sunday Open: Focus on how the market opens and reacts to the news. Large gaps are possible in either direction. Long Opportunities: Due to the high risk, only consider longs after the initial reaction and if a stable support zone forms. Potential bids at 5163, reclaiming 5155, or (depending on the open) reclaiming 5177. Emphasis on failed breakdowns. Short Opportunities: Look for backtests of any breakdown levels if a strong sell-off occurs. Potentially 5177, 5219, or 5228 if those levels are reached. Knife-Catch Mode: If necessary, use the knife-catch protocol for longs, with small size and emphasis on failed-breakdowns. Bull Case De-escalation: A move towards de-escalation or resolution of the Iran situation could lead to a sharp rebound. Reclaiming 5177: If 5177 is reclaimed with acceptance above, bulls may drive a recovery towards targets of 5195, 5202, 5219. Bear Case Escalation of Conflict: Continued escalation of tensions could lead to a significant market sell-off. Breakdown of 5163: A failure of 5163 opens up downside targets. Watch for a bounce/failed breakdown, then consider shorting for a move down the levels. News: Top Stories for April 15th, 2024 Geopolitical Crisis: Escalating tensions between Iran and Israel dominate headlines and overshadow all other news. Potential repercussions for the global economy, oil prices, and markets. Impact on Market Outlook: Uncertainty and volatility dominate the April outlook. Key economic dates and reports may be less impactful given the news focus. Earnings Reports: Earnings season continues, but market focus may be diverted by the geopolitical situation. Other Market and Economic News: Monitor secondary news sources for updates on the Iran/Israel situation and potential market impacts. Reminder: The weekend geopolitical developments introduce extreme uncertainty into the markets. Be cautious, prioritize risk management, and be prepared to quickly adapt your trading strategy.Shortby spytradingpro0
ES OVN Price ACtion Review 4-15-24Going over the price ACtion ES from Sunday Night. looking for clues as to what the market is telling us and if there are any A+ Trade Setups. no setup no trade Monday.02:33by BobbyS8131
ES afternoon updateBoy the market is moving fast. RSI already hit oversold. Closed out my puts, going all cash for the weekend. If Iran doesn't do anything, we'll probably see another pump Monday, lol. Crazy whipsaw market, pay attention to the channel I drew (unless Iran actually does something)by hungry_hippoUpdated 116
Weekly Market Preview: Come See How I Prepare For The Week!In this video I cover my thoughts on the week ahead. I touch on some of overall sentiment but, this video focuses on the week ahead as I take you through my weekly preview practices. This is shortened down version of how I like to prepare but, it should give you a good idea of what I look at before the week starts. We the following concepts: Chart analysis Investor sentiment surveys High-level Market Breadth Futures contract reports I usually cover the percentage of stocks in the S&P500 above their 50 day MA but, I totally forgot to in this video. The SPFI S&P 500 above their 50 day MA is nearing the apex of a potential double today. Which means it could set up for the measured move objective I mentioned last weekend.13:30by JoeRodTrades1
Weekly Plan ES Futures 4/14/2024[Weekly plan: ESH2024 NYSE:ES FUTURES 4/14/2024 5250 >> 5297 >>> 5333 Weekly pivot: 5181, Now 5166, Weekly open TBD 5134>> 5093 >>> 5057 ------------------------------------ Based on the provided levels for the ESH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 5181 Weekly Open: TBD Current Price: 5166 Upside Targets: First Target: 5250 Second Target: 5297 Third Target: 5333 Downside Targets: First Target: 5134 Second Target: 5093 Third Target: 5057 Trade Plan: Long Trades: Look for buying opportunities if the price remains above the weekly pivot (5181). Entry: Consider entering long positions on pullbacks towards the pivot (5181) or if the price breaks above the weekly open (5263). Targets: Target the upside levels of 5250, 5297, and potentially 5333. Stop Loss: Place a stop loss below the weekly pivot or below significant support levels identified during the week. Short Trades: Consider shorting the market if the price breaks below the weekly pivot (5181) or the current price (5166). Entry: Enter short positions on breakdowns below the pivot (5181) or the current price (5166). Targets: Aim for downside targets of 5134, 5093, and potentially 5057. Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week. Risk Management: Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels. Consider using trailing stops to lock in profits as the price moves in your favor. Monitor the market closely for any changes in price action or news events that could affect the trade. Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.08:46by dhjesus1
#ES futures - major geopolitical risk going into the weekend#ES zoomed in 15-minute chart showing more focused price action and important levelsby KevinJamesHughes0
#ES has biggest Red Day of 2024 with weekend geopolitical risk#ES plan for Monday. #Bullish setup - #ES reclaims 5177 which would be failed breakdown of the yellow bull flag. Then #ES works is way up to the VPOC at 5202 #Bearish setup #ES loses 5163 which would be a breakdown of the white rising trendline. This would target 5134-5136.by KevinJamesHughes0
Anxiety attackBased on the fundamentals that we saw coming out on Friday, the market response in the S&P 500 is an anxiety attack based on a nervous outlook for the market. I do not look for a dramatic move lower on Monday without new fundamental information to create an increase in anxiety.02:36by DanGramza4
Market Recap: What A Great Pullback DayI think video, I covered an awesome pullback day. Where we could've entered, what the week looked like to me and what I expect next week without doing my weekend analysis.Education06:31by JoeRodTrades113
right, It was a major top. EWT, Fib, Squeeze Pro stochastics At the last new ATH I published a suggestion that we had hit a major top. That we might continue down for a while... It happen on a 2 hour chart we are in wave c down. PTs in blue at Fibonacci levels, with Squeeze stochs changing to strong selling. These levels match Pivot Point levels S5, S6 and beyond. But i don't expect us to go beyond S6 and stay there long, By then there sill be buying. w/o PP. 4 hour. The salmon and rose lines are long term support, which perfectly matches Fib and squeeze and my favorite, EWT. i would put more trust in the 2 hour chart of 30" chart as far as profit targets. nobody ever lost by taking a profit.Shortby dryanhawleyUpdated 3
ES_F Day Trading Prep Week 04.07 - 04.12Last Week : Last week to start the week we attempted the move under VAL but only had enough selling to break under and come back in which gave us another rotation higher back towards VAH. We needed more supply or stronger sell Volume to come in to attempt a move at the lower Edge. We knew going into the week that we had Supply/Sellers at/over VAH and buyers wouldn't want be paying prices over Value. Move Wednesday RTH hold over VAL and Thursday Globex trapped more buyers on the way to VAH and when buyers ran out everyone rushed for the doors which gave us a nice flush through VAL and once we took out the Support there more volume came in to extend towards the Edge. We did break the Edge and closed under but no stronger sell volume came in overnight and once RTH opened we saw the Edge hold and another rotation from Edge back to VAL. Attempted a push inside Value but this time around we saw sellers Inside Value under the Mean. This Week : This might be a tricky week as many will expect either a continued grind higher after failed break down out of the range or more selling to come in and take us back to the Edge and possibly under. Yes either of these scenarios could happen but we have to be careful because it could be a slow start to the week with no market moving data Monday/Tuesday then Fed Minutes Wednesday and bigger data dropping Thursday. So far the structure is telling us that we have buyers under Value and inside/under HTF Edge which is an important area for any prices under and also telling us that we have trapped more supply inside Value/Mean area of the Range which might not have all sold out yet. To me it means that its very possible to go back to tighter ranges again as price might want to stay around this VAL Over/Under area without making any big moves away from it just yet. We did close Friday inside 5249.75 - 5295.50 range which is what we will need to focus on now until we move out of it and accept in different range. 5249.75 - 44.75 is Key Support for this range but if buyers are trying to get product under value we could be seeing extensions under but watch out for price to keep wanting to come back towards or over it if we do. Extensions away from VAL into the Value could also be met with Supply and might make price keep coming back inside VAL area. It's too early and tricky to really call it right now but last week made big moves and wont be surprised to see smaller balances this week to clean up and start getting ready for next moves which can take time. If this will be the case we will have to see if Mid/End of week will give us clear direction out of this area or if we will continue trading around this Current Range until next week. To attempt moves higher towards VAH we would need to hold over 5279.25 - 75.25 and get through Key Resistance at 5295.50 - 90.25 To attempt moves under VAL towards Edge and under we would need to accept under 5249.75 - 44.75 and get through 5234.25 - 30.25 - 27.50 areas Levels to Watch : Current Range Levels - Key Resistance 5295.50 - 90.25 // Resistance 5279.25 - 75.25 5264.75 - 60.75 Could act as an intrarange mean that could draw the price towards it. 5249.75 - 44.75 Key Support If we accept under Key Support we will look at 5249.75 - 5204 - 5199.75 Range Levels inside 5234.25 - 30.25 // 5219.75 - 15.75 Key Support 5204.25 - 5199.75 If we hold VAL and enough buying comes in go take us back to VAH we again need to be careful of sellers over 90s but if anything levels above would be 5306.50 - 10.50 // 5324.75 - 20.75 and Key Resistance 5341 - 36 by HollowMnUpdated 2