ES ShortI am expecting the weekly range to expand lower. Today I expect buy stops to be taken out before the market goes to the low of the previous week. I expect price to go to 4583 in the best case scenario and short there. Inside the 1H fvg.Shortby Dow786Jones110
Long and ShortA few levels of interest. NPOC are created from Fixed Range pulls using Developing POC shifting points. Every level has at least 2 confluences (OB, NPOC) I recommend waiting for LTF market structure shift before entering positions. Or look at order flow, delta even RSI could give you a solid confirmation. Look for 5 min candle closes above/below the levels.by Nolex10
Futures Showing Weakness, It may be time to retest 4400All throughout this rally Bears have been calling for an inverse head and shoulders. We never got it and so many retail put buyers got absolutely REKT during the squeeze to 4600. At this point though it looks like all of our overbought signals are finally rolling over and turning bearish. We cracked the rising channel that we painted after the squeeze to 4500 and are now firmly turning negative. Based on seasonality and the upcoming fed meeting on December 13th I drew a blue water slide that takes us back to the 4400 area and the trendline that we cracked earlier in November. I am thinking we may end up sliding back down there and painting that Inverse Head and Shoulders after all, just later than everyone expected. Just my opinions on the upcoming week and a half, perhaps its finally time that bears made some profit, assuming they didn't pig out and bust last month ;) Good Luck, Safe Trades <3 Shortby MikeSpy1
Daily Accountability ES trend is sideways with a divergance on the 60 MIN RSI but RSI on 240 MIN is also bullish. Looking to go long on pull back at demand target at supply. Trade Management: Once entered wait till 1/2 way to target then move stop to break even. Manage stop on 60 Min with 13 EMA. Longby MatthewSwinfordUpdated 0
ICT UNICORN SETUP ON ES 15MUnicorn breaker aligned with FVG. Entry - breaker high Stop - below breaker low. Target - weekly opening gap. RR 1:2Longby ICTTradeTactics0
12/5 Trading Plan - Tuesday Recap and Day Ahead📊 Market Sentiment: Neutral We remain in consolidation, holding between 4550-55 support and 4575-80 resistance. 🔄 Recap After rallying 460 points from October 27th to November 22nd, ES has been stuck in consolidation for two weeks. The market has been largely stuck between 4550-55 support, and 4575-80 resistance, making the round trip countless times. 📈 The Markets Overnight 🌏 Asia: Up 🌍 Europe: Up 🌎 US Index Futures: Up 🛢 Crude Oil: Down 💵 Dollar: Up slightly 🧐 Yields: Down 🔮 Crypto: Near unchanged 🌏 Major Global Catalysts CEOs from the eight largest US banks will testify before the Senate Banking Committee today, voicing their opposition to a rule that would increase capital requirements by 20%-25%. 🔍 Key Structures 4755: A far off target for those with a big picture view 4680: A re-test of the August highs 4658: Important resistance on June 20th and July 25th 2023 4640: A key zone 4618: Green-dotted line in the chart 4573 (with 4580 just a little above): A 2 week resistance cluster 4556: A key zone, tested 25+ times in the last week 4542: A multi-month level, it's been support since Nov 20th 4520: A key zone from Nov 15th-20th 4497: Important channel resistance dating way back to December 2022s and February 2023s highs 4450: Immediate backtest point of the line we lifted off after CPI on Tuesday November 14th 4430: The rising bull market trendline connecting the October 2022 and March 2023 lows 📉 Support Levels 4563, 4556, 4548, 4542, 4540, 4531, 4520, 4513, 4507, 4497, 4484, 4470, 4462, 4450, 4444, 4436, 4430, 4424, 4418, 4413, 4408 📈 Resistance Levels 4573, 4580, 4587, 4590, 4600, 4609, 4618, 4622, 4633, 4640, 4646, 4658, 4666, 4675, 4680, 4693, 4702, 4710, 4720, 4724, 4729, 4737, 4746, 4755 📝 Trading Plan Bullish Scenario: The plan is to remain long as long as 4556 keeps holding. Bearish Scenario: If 4542 fails, we should see a short-term bearish trend takeover. 💡 Wrap Up The market remains in consolidation, with a bullish structure. The focus is on trading the consolidations, with optionality to be exposed during the trend. The plan is to remain long as long as 4556 keeps holding, with a focus on failed breakouts/breakdowns. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.by spytradingpro3
confirmation long DR IDR w DR lensprice confirmed on the longside and analyzed data within dr lens to project price going to the upside.Longby ptwPTW0
MES1!Wait patiently and see if it breaks out of the triangle and breaks the July resistance. Go Long for aggressive or wait for a pullback at the resistance that becomes the support. I'm not an experienced trader, so do your analysis before entering.Longby alexei_erchov0
ES Weekly Levels (Dec4-8)The market traded at key resistance for the 2nd week in a row just below the July highs. Price has been holding the highs but feels very extended and is due for at least a mild pull back. That said price often needs and exhaustive push higher before reversing so a spike move into the July high first is not out of the question. Its notable that DOW, Russel & S&P finished the week stronger than Nasdaq and breath improved with another strong week for small caps. SUMMARY ES finished the week with a gain of 0.78 % after trading in a range of 60 pts. ES finished 5th positive week in a row and closed above the Sept 1st high. Jul 27th high within striking distance, but price must push through the MTF 886 Fib retracement First resistance is 886 Fib RT (4618) First support is Sept 1st high (4596) If price breaks the 886 Fib a move to 4700 is likely If price breaks below the 786 Fib a move to 4500 is likely. Key econ data due out this week is US PMI on Tuesday, ADP Employment on Wed & Non Farm Payrolls on Friday. Breath broadened last week with Russel & Dow outperforming the S&P and Nasdaq. Interest sensitive sectors XLRE, XLF & XLU had a strong week 10year yield dropped to 4.19%. VIX below 13 by WadeYendallUpdated 2
long confirmation ES DR IDR RDRGot a long confirmation on ES on the upside, projecting price will go up to previous DR levels.Longby ptwPTW0
Daily AccountabilityRSI is showing weakness onm 60 min. Looking to short at first supply zone and getting out at first demand zone. Looking for 3:1 R/R. Shortby MatthewSwinfordUpdated 0
12/5 Trading Plan - Monday Recap and Day Ahead📊 Market Sentiment: Neutral to Bearish The S&P 500 Index Futures have been hovering in a choppy zone between 4550-4580, presenting a challenging environment with limited predictability. Despite the uncertainty, the overall trend remains slightly bullish, contingent on the key support level of 4555 holding firm. It's imperative for traders to acknowledge the inherent risks in trading, as no strategy is foolproof. 🔄 Recap Navigating the current market conditions requires a flexible and tactical approach, focusing on trading from one significant level to the next. The previous week concluded with a notable surge on Friday, characterized by a failed breakdown and the formation of a bull flag. Contrastingly, today's session was predominantly characterized by short trading opportunities. 📈 The Markets Overnight 🌏 Asia: Down a lot 🌍 Europe: Up 🌎 US Index Futures: Down a bit 🛢 Crude Oil: Down a bit 💵 Dollar: Down slightly 🧐 Yields: Down a lot 🔮 Crypto: Down 🌏 Major Global Catalysts Moody’s cuts China credit outlook to negative on growing debt risks US foreign policy funding in doubt. 🔍 Key Structures 4755, 4658-66, 4635, 4618, 4573, 4556, 4542-45, 4520-25, 4494-96, 4448, and 4424-26. 📉 Support Levels 4573, 4568, 4564, 4556-58, 4549, 4542-45, 4535, 4531, 4525, 4520, 4511, 4507, 4495-96, 4484, 4472, 4462, 4452, 4447, 4436, and 4425-30 📈 Resistance Levels 4580, 4590, 4597, 4601, 4609, 4618, 4623, 4632, 4636, 4642, 4647, 4658, 4666, 4680, 4692, 4700, 4706, 4720, 4725, 4736, 4744, and 4753 📝 Trading Plan Bullish Scenario: Bulls should focus on maintaining the 4556-58 and 4542 support levels to sustain upward momentum. Potential additions in bullish conditions could be considered within a bull flag formation, particularly between 4573-68 and below 4580. Bearish Scenario: For bearish traders, actionable opportunities arise only if support levels fail. Trades below these supports should be approached with caution and skill. 💡 Wrap Up The trend continues to lean towards bullishness. As long as the 4555 level is sustained, the market has the potential to consolidate within this range and possibly advance towards 4618. However, a breakdown below 4542 could trigger selling pressure into bearish territory. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.Shortby spytradingpro223
SPX top is hereTechnical retest of the macro downtrend channel. Expecting long sideways price action downwards to complete the explanding diagonal wave 3, though wave 5 will be very extended. Time to buy putsShortby GerardWalker1
gonna be a snoozerso after november, which was action packed, we should expect trading to be quite tranquil.Trade the range which is showed by the horizontals lines, or wait for a breakdown and short the retestby EmmsCamacho0
retirement setup DR IDRprice hit the retirement setup so its a no brainer take it tradeShortby ptwPTW0
micro snp confirmation short dr lens analysisafter analyzing dr lens data and price confirming on the downside i placed a sell limit short trade.by ptwPTW0
ES1! First week of DecemberLevels in the chart. 99 is slightly below the bullish condition. Obviously I am bullish biased but not ruling out this going down to PL1 first. Safe trades! by SteverstevesUpdated 12
12/4 Trading Plan - Last Week Recap and Day Ahead📊 Market Sentiment: Neutral to Bearish As December unfolds, the market sentiment leans towards a neutral to slightly bearish outlook. This cautious stance reflects the global financial landscape's current dynamics and the anticipation of key economic events. 🔄 Recap November stood out as the most bullish month of the year, showcasing a significant rally of +470 points. This aligns with its historical trend as one of the strongest months over the past five decades. However, December starts with a mixed sentiment, indicating a potential shift in market dynamics. 📈 The Markets Overnight 🌏 Asia: Down 🌍 Europe: Down a bit 🌎 US Index Futures: Large caps down, small caps up 🛢 Crude Oil: Down 💵 Dollar: Up a bit 🧐 Yields: Up 🔮 Crypto: Up strongly 🌏 Major Global Catalysts The Supreme Court's engagement with the tax code marks a notable event. This, combined with the seasonal strength of November and early December trends, sets a complex backdrop for current market movements. 🔍 Key Structures The key structures to watch out for are 4755, 4658-60, 4630-35, 4618, 4573-75, 4550-52, 4542, 4520, 4494-96, 4445-47, and 4424. 📉 Support Levels Support levels to watch out for are 4597, 4587-90, 4580, 4575, 4568, 4561, 4556, 4551, 4542, 4532, 4525, 4520, 4514, 4510, 4502, 4494-96, 4484, 4473, 4457, 4445-48, 4436, 4430, 4424, 4418, 4409, 4399, 4388, 4375-80.. 📈 Resistance Levels Resistance levels to watch out for are 4609, 4618, 4625, 4630-35, 4642, 4647, 4658-60, 4666, 4676, 4680, 4698, 4703-06, 4715, 4721, 4733, 4742, and 4753. 📝 Trading Plan Bullish Scenario: Continuation of the uptrend if the 4575-80 support holds. Key targets include 4590, 4607-09, and 4620. Bearish Scenario: Watch for a breakdown below 4575, which could indicate a shift to a bearish trend. Focus on short positions below major resistance levels. 💡 Wrap Up The market is currently in a bullish trend, with the price breaking out of the consolidation range. The key to profiting from this trend is to not chase moves and instead trade alongside the institutions after the traps. This requires careful management of trades and a focus on failed breakdowns and breakouts. Today's key is to observe the market and wait for price discovery. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.Shortby spytradingpro3
MES is at YR1, YFR1, and QR1 - strong downside expectedMES is at YR1, YFR1, and QR1 - strong downside expectedby patricktapper0
S&P500 (@ES @MES)We are currently in an upwards rally in the markets With a trend fib being pulled from our larger lows we have a coinciding level of the 50% retracement converging with the top line of our rising wedge which is a bearish pattern (depending on how long this march takes we could meet our golden ratio 61.8% at the top of our wedge creating a yearly double top as a possibility also).....this is purely up to how fast we continue to move higher We must assume price will continue to respect this rising wedge (which is a bearish pattern which breaks to the downside 65%+ of the time) If we break out to the upside we can see a 61.8% retrace and grab a nice throw over or we have a blast of scenario and we march to new all time highs we must wait and see But for now i am expecting a pull back once we hit our 50% fib Shortby CryptoCloudHunter0