Buyers came into the S&P 500 late in the session on Wednesday with the lower opening in Asia. Can buyers return to move prices higher to drive the market back to Wednesday highs and that is the expectation.
going over price action for the day Wednesday April 24th looking for clues to what the market is telling us. trying to put together the entire big picture to form our plan and take the right trades being on the right side of the market.
It sure seems that way. 5126 was the level where buyers would become sellers. It took sellers to become buyers in the first half of the week. Now, I think the market is weakened. Pre-market analysis will be key for trading in the next couple of days. Not a ton of setups today but, just enough to keep the degens going :D
Going over the morning/lunch hours price action looking for clues as to what the market is telling us.
going over the price action after yesterday's trend day. looking for clues and the plan for today's morning session.
Going over Price action for Tuesday and the last few days. looking for clues to what the market is telling us.
While I left some on the table, I am happy with my wins. In the last week my win percentage is sitting around 90%. I have avoided over-trading and focused on doing things the right way. today, we saw a bunch of setups. Most worked but, some did not. The market has been very technical lately with very little tricks.
Earnings may push the S&P 500 higher on Wednesday. 5135 would be the next price objective that you'd want the market to close above.
going over the Morning RTH session ES looking for clues and reflecting on how we traded the open.
Going over the ES price Action overnight looking for clues and what the market is trying to tell us. TSLA earnings after the close today.
Going over the price action for Monday 4-22 looking for clues to how we could have traded better and what the market was trying to tell us.
The S&P 500 is in the neutral zone trade with a bullish bias. The expectation for Tuesday is for today range trading inside of Monday's range with a higher close.
So many great setups today as I think sellers from last week started buying back into the market. I took a couple of trades today both winners but, there was definitely some money left on the table today. All in all a super technical day.
Going over the morning sEssion looking back for clues to what the market was telling us. dont trade someone else's system. critical that we follow our own plan.
Going over the price action from Sunday night looking for clues as to what the market is telling us.
All signs point to a pullback in the market. I think JPM/AMD and some other big names might even be our leading indicator. The only real pullback target I could come up with is a 50% retracement which is fairly common in the market and within trends themselves.
Going over the ES longer term looking for clues to what the market is telling us. we are flat and looking at strategies.
We saw another down-trending day with some great setups. It was an awesome week to be day trading. I hope everyone had a great time. There is one red flag I see in the market, that is that sellers never became buyers on these big down days. That either means sellers are really confident of a continuation or they will be taking profit at some point next week.