Reviewing OverNight Price Action ESGoing over the Overnight session ES and coming up with a plan for the day. We're in full on Sniper Mode. no setup no trade today. 01:56by BobbyS8130
Stock Market ceiling, 5260$SPX500 hits ceiling somewhere around April to June. (if current trend holds intact) Longby citsvar0
Rest day on Tuesday Without any dramatic fundamental news a rest day on Tuesday would be expected.01:38by DanGramza3
ES Price Action Daily ReviewGoing over the price action ES for Monday March 4th. took a bunch of trades. sharing our results and what we think the market is most likely to do based on Price Action. 02:55by BobbyS8130
ES UpdateLooked like a little bit of futures selling EOD today. ES is still overbought, did not short anything, and certainly not going long until MFI and RSI hit oversold. I'm still waiting for algos to start cycling so I have confidence in my indicators.by hungry_hippo3
S&P500 Expect Correction at this Critical LevelDepend on FB Levels the current area is critical area that mean the price may change price movements to other direction , Pls follow me to get my price analysis notifications Shortby eaksglobal1
ES1! afternoon updateWe have three complete impulse waves off October 2023 low of 4173.25. If these three waves are themselves to complete a primary impulse wave up, then I would expect a correction to begin soon, with price not going above 5301. If there is more impulsive price action coming, then something else (not necessarily bullish) is going on. Key support levels are 4936.50 and 5066.50. Key resistance 5301.by discobiscuit1
3/4 Monday Trading PlanMarket Sentiment: Neutral to Bullish Trading Plan for Monday Supports to Watch: Immediate Supports: 5134, 5124 (major), 5113 (major), 5106, 5096 (major), 5093, 5085-87, 5079, 5074 (major), 5063, 5052 (major), 5046, 5039-41 (major), 5034, 5028 (major), 5018, 5013, 4998-5000 (major), 4992, 4987-85 (major), 4975, 4970, 4960-65 (major) Resistances to Monitor: Key Resistances: 5144, 5150 (major), 5158, 5163 (major), 5170, 5175, 5183-86 (major), 5190, 5200, 5208-10 (Major), 5216, 5225-30 (major), 5240 (major), 5246 (major), 5259 Trading Strategy: Cautious Approach After Parabolic Rally: Exercise caution after the recent parabolic move; price needs to establish new levels for clear trading opportunities. Be prepared for choppy, unpredictable action or a pullback. Reduced Position Size: Limit risk exposure on Monday by trading only a partial position (approximately 20% of previous profits). Focus on Supports and Demand: Target 5124 and 5113 as primary support zones for potential longs. If 5096 fails, consider the bull flag pattern invalidated and anticipate a deeper pullback. Remain patient until at least the 5052 level before considering new long entries. Bull Case: Trend Continuation: The bull market remains in control. Focus on the 5123-5113 and 5096 support zones. Holding above these levels could lead to a consolidation phase (5113-5150) before pushing higher towards 5163, 5183-86, and ultimately 5225. Adding on Strength (Cautiously): Look for opportunities to add to positions in potential pullbacks or flags that develop off the 5134 area. Bear Case: Breakdown Below 5113-5123: A decisive break below these support levels signals a shift in momentum. Consider shorts on failed bounces at 5123/5113, targeting a move down the levels. Use disciplined profit-taking. Top News for March 4, 2024 Stock Market Rally Continues: The S&P 500 continues to make new all-time highs in 2024, with February's performance marking an impressive 5.34% gain. Year-to-date, the index boasts a strong 7.11% total return. Optimism Around a Soft Landing: Investor confidence in the Federal Reserve achieving a soft landing for the U.S. economy is growing. Positive Earnings Results: Fourth-quarter earnings surpassed expectations, demonstrating corporate resilience to rising costs and high-interest rates. Federal Reserve and Interest Rate Updates: The bond market anticipates only a 3.0% chance of a Fed rate cut in March. However, a 66.1% chance exists for a cut of at least 25 basis points by June. The January CPI showed mixed results at 3.1% year-over-year, reflecting ongoing efforts to achieve a soft landing. Tech Leaders Shine: Nvidia (NVDA) reported astonishing Q4 revenue growth of 265%, sending its stock prices soaring over 60% YTD. Apple Faces EU Fine: The European Union imposed a fine of nearly $2 billion on Apple over preferential treatment of its music streaming service, Apple Music, compared to competitors like Spotify. JetBlue and Spirit Merger Blocked: A court ruling has halted the planned merger between JetBlue and Spirit Airlines. Winnebago Results Upcoming: Winnebago Industries will release its fiscal 2024 second-quarter financial results on March 21, 2024. Market Outlook Tech Sector Leads the Charge: Strong earnings and growth in technology stocks, especially within the AI sector, are fueling the market rally. Historical Trends Offer Insights: Data suggests that a positive S&P 500 performance in January and February usually signals continued growth over the year, with an average return of 14.8%. Other News Highlights: Trump's Ballot Eligibility Restored: The Supreme Court has reinstated former President Donald Trump's eligibility to run in future elections. Bitcoin Rally Continues: Bitcoin's bullish momentum continues, with prices exceeding $65,000. Nikkei 225 Breaks New Ground: Japan's Nikkei 225 index climbed 0.5%, surpassing the 40,000 mark for the first time. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always consult with a professional financial advisor before making trading decisions.by spytradingpro0
Reviewing Morning Price Action ESGoing over the morning Price Action ES. calling out what we see and our plan. which stocks we're interested in and what we think for the next few hours. 01:35by BobbyS8130
SP500**SP500:** The price made a new high of 5146.00. The bullish trend is expected to continue.Longby simaoxceps0
Review Price Action ES OvernightGoing over ES price Action Overnight. what do we see and how do we want to trade today. Mondays have been pretty choppy lately. not expecting much today. letting Price do its thing. focusing on the leaders and setups. no setup no trade Monday.01:33by BobbyS8130
Will Global Stocks Keep Rising? How To Handle The Bull RunHey Traders, Lots of traders struggle to pre-empt potential falls in Markets. This is because they over-trade or over-leverage. This is particularly dangerous when you have extreme sentiment and greed in the Markets, causing traders and investors to buy continuously. The prospect of a home run is tempting to think about, but is it reality? Here's an inside look.Short09:03by WillSebastianUpdated 7
Short $MESNo big news today. The price action looks weak and consolidating. The next liquidity to be drawn is the 1 HR FVG. Shortby seventyfivekgtrader0
Review Sunday ES price ActionGoing over the Price action on Sunday. we broke out of a bull flag last friday and now we're filling in the bull flag. expecting chop on monday. giving price the room it needs for discovery and not expecting much for the trading day. will revisit price action in the morning.01:30by BobbyS8130
3/3 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 5,114Welcome to the Weekly Trading Plan, where we dive deep into market and volume profile analysis to navigate the dynamic landscape of trading. Each week, we dissect key market trends, identify significant support and resistance levels, and leverage volume profile insights to uncover optimal entry and exit points. Our approach blends technical precision with a keen understanding of market psychology, empowering traders to make informed decisions in the face of uncertainty. Through comprehensive analysis and strategic planning, we aim to capitalize on emerging opportunities while mitigating potential risks. Join us as we embark on a journey of discovery, mastering the art of trading through disciplined analysis and thoughtful execution. Welcome to a community where knowledge is power, and success is within reach. Let's chart a course to profitability together in the exciting world of trading. 3/3 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 5,114 Targets 5,145 5,194 5,259 Targets 5,089 5,032 4,997 Now trading at 5,141 Alerts You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening 5,141 Weekly pivot at 5,114 Each weekly target. Side notes ES is currently OTFU in (D-W-M). Daily OTFU would come to an end if 5101.25 is breach during Monday's RTH session. 18:51by dhjesus1
ES has measured moves to 6150?ES has measured move AB=CD targets in the 5250 to 5425 and 6000 to 6150 areas.Longby gdh730
ES Futures My ContextThe last major two lows generated a possible channel bottom. In Sept 23, shorts broke a major level and rushed for the break of that line for a 3rd time. Really scary. They almost got it, but then the rally happened. Now we are out of balance to the high side, and have hope we can go higher, but not before we take a soft landing, IMO. Based on the channels created by price action AND horizontal fibs based on the high and low of covid 2020 to 2023, we have 4808.25 as a support level. Two key lines merge in early MAY 24. A fib line (61.8%) of the previous range on the channel, and the line defined by the previous all time high. We have now explored above, which is bullish, but will it sustain? We are currently 1/3 the way through a possible short term H/S event. If we crash tonight into tomorrow, market is done. I mean major correction. However, if we have enough momentum to define this H/S, we should only drop roughly equal to the height of that existing pattern. Thus, we will have, for now, preserved the current prices. Then, we can start bouncing between the pink trend lines, which were the real battle over this last couple weeks, but those are just entries and exits. The real battle should be won by end of H/S. Because we can then accumulate volume in this space below the high, but above 4808, before a very slow retest of key fibs as they combine May 2-5th or so. One more alternative exits. If we are almost done with the head and shoulders, and we get a last second break out, market would likely go into a bubble. But honestly? We're getting exhausted up here. Price action is sluggish. I'm just not seeing any interest in my charts to suggest the bubble option is valid anymore. And it's really a nice stable retracement to that old high of 4808. Just a few more months of sideways, _possibly a rate drop_, and the market can continue more steady, versus a hyperbolic crash or bubble. I'm probably more of a fan of the middle road. Flag out here, build some interest, then see where we are at. That's "healthy" to me. I think we all keep expecting more severe drama due to the recent memory of black swan events like COVID and FED influence, and this last rally. Plus, the draw back is probably Mag 7 only, we might even see small caps start to kick in while the correction is happening. But ya know, real traders don't use fibs because real traders scalp the 5 min chart because there is not predictability to the markets. :)by CaptainLogikUpdated 1
ES Weekly Levels (Mar4-8)On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion market value for the first time, while AMD also hit a record high. Investors are cautiously monitoring potential Federal Reserve interest rate adjustments. Despite some economic weaknesses, signs of a rebound were seen, contributing to lower U.S. Treasury yields. Weekly results: SPX up 0.95%, NDX up 1.74%, DIA 0.11%. This week we look ahead to a slue of employment data including Nonfarm Payrolls on Friday. SUMMARY ES had a weekly gain of 0.86% after trading in a wide range of 89 pts. ES made another week ATH high R1 = LTF 1.618 Fib X (5147) R2 = HTF 1.13 Fib X (5231) S1 = MTF 1.618 Fib X (5120) S2 = 9 ema (5074) Uptrend remains intact above the upward trendline. Data weak enough to keep rates down but strong enough for earnings growth Market believes election year will provide support Key earnings reports = TGT, COST, AVGO, KR, RIOT, NIO, ROSS & JD Key econ data = PMI Tuesday, Boc Rate Decision Wed, Powell on Thursday & NonFarm Payrolls Friday Bias remains LONG absent any new information Limited resistance levels above make large whole number very important. Watch for small cap growth to finally take off. RSI 68.13 | VIX at 13.12 | 10 year 4.18% by WadeYendall1
ES- Bullish on all TFs, but a true gap to fill.ES initial thoughts on PA and weekly profiles alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution. There will have been a lot of stops above this excess high. does it mean sell? not necessarily. we're building value at higher prices on a week by week basis the market established value above the prior balance area----this is acceptance of the breakout. There are confluence levels to watch. Watch DXY to see if we have a break up. I believe my DXY analysis is published.by CableTraders0
ES - Weekly Healthy Sell-off Pending?With the Dollar set up to run on short term buy stops and CME_MINI:ES1! trading @ all time highs, a healthy pullback would be logical to expect. 5050 is the daily previous all time highs and even is we were to reprice down there, it doesn't mean that our bullish narrative has disappeared. First area in price of interest is 5080 with 5066.50 being the end goal. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShort20:00by LegendSinceUpdated 0
Every Bearish Youtuber Is saying this will happen...Every guy on youtube is saying "its time to crash, recession mcdonalds prices, wendys surge price, tech layoffs, banking crisis, civil war, world war three, inflation is BACK, Look out below, The crash has just begun, we were never in a bear market, until NOW!" It is so tiresome. But this is what they are all looking for so I guess keep this in the back of your mind and if it forms then look out below for real, but truly the market is bullish and we are gonna grind grind grind while people throw all their dollars into puts. This is the short squeeze of the century and no one knows where it goes. 550 TOP no way we break that right?by MikeSpy1
A technical uptrend has been reached in the S&P 500 The strong close on Friday and the S&P 500 created a technical uptrend in the S&P 500. Follow-through be expected on Monday but not a large range day. Look for the market to catch its breath on Monday.02:03by DanGramza2