Trading Plan for Monday, May 6th, 2024 Market Sentiment: Uncertain, with bulls seeking further confirmation after exceeding a major resistance level on Friday. Consolidation and complex, level-to-level price action are likely. Key Supports Immediate Supports: 5145-50 (major), 5136, 5116-13 (major) Major Supports: 5082-77 (major), 5067 (major), 5060...
Here are my levels for the week. Same notes as NQ. I have been really busy outside trading so I have not been able to post many updates. I continue to trade these levels a few hours every morning. Treat the levels as as support, resistance or targets. The market is currently trading in a large consolidation pattern with large daily ranges. The levels noted are the...
IMPULSE AND CORRECTION: looking to catch a short trade at the mitigation of the 1hr time frame supply zone.
Not overbought yet. Looks like Monday will be a pump and dump day. I guess I should have more faith in the market that they'll find a way to pump AAPL on bad earnings, lol. Not feeling very bullish because earnings didn't justify valuation, and my favorite stock, PCAR, is still dropping, lol.
Although there was a strong move on Friday, a small positive up range is expected for Monday in the S&P 500.
For ES1! bears, I'm looking at a double-three correction from low of 4963.50, with an expanded flat Y, to complete below 5194.25. For the flat, 3 is shorter than 1, so 5 needs to finish below 5194.25. As such, this count is invalid with price above 5194.25. Price is currently between .5 and .618 Fibonacci price points on the correction, so bears are definitely...
This video goes over tactics and strategies on how to trade on NFP day for ES and NQ.
In this video we will demonstrate how to place a simple bracket order with Tradingview with AMP Futures.
I am bullish on NFP and expect prices to drift sideways the whole night up until 6-8am until 08:30 when NFP will release. It should dump down only for it to be bought back up and continue on to new highs. I will show the last NFP's and show how all of them were...
In this video we will demonstrate how to access the help center in TradingView with AMP Futures.
Can the buyers that appeared in the S&P 500 on Thursday continue its momentum up with a stronger close on Friday. This could be a challenge with the softer opening in the Asia session.
Looks to me like the algos are going for the pump and dump. Gap direction will depend on AAPL earnings though so I'll wait to see what happens. MFI probably hits overbought tomorrow either way
ES had a bull flag breakout and it looked like it was going to hold on a retest but the. It dumped. It tried to break low of day earlier and bounced, VX is barcoding. This bull flag has had a fakeout to the upside and downside no. Most important level for me is still 5300.
Going over the price action ES MOrning session. looking for clues as to what the market was telling us and how we could have traded the session better.
Trading Plan for Thursday, May 16th, 2024 Market Sentiment: Bullish, but highly extended and statistically due for a significant pullback after 10 consecutive green days. Proceed with extreme caution and prioritize protecting gains. Key Supports Immediate Supports: 5308-10 (major) Major Supports: 5272 (major), 5253-56 (major), 5200-02 (major), 5145-50...
ES is continuing the run from yesterday and VX remains dead. I like longs for today. If it breaks premarket highs, I'll look for an entry on a retest.
E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5333.00, up 63.50 NQ, yesterday’s close: Settled at 18,691.75, up 276.75 We have fresh record highs in the E-mini S&P and E-mini NQ futures. So, where to next? Let’s not put the cart in front of the horse; we MUST first break out decisively and close out above the previous record highs...