Reviewing Moring Session ESGoing over the price action ES morning session. we held our support level and market making new highs on the day. keep looking for buy setups in strong stocks. Long01:14by BobbyS8130
ES DailyJust showing the daily plot, the reason why I'm so reluctant to go long is because there's so much MFI divergence on everything if you look at the daily. NVDA, PCAR (my fav, lol), every index, etc. There's still a chance that the algos pump it Monday to get 3hr and daily RSI into overbought territory. Holding off on any big trade until then. ECB meeting next Thu, logic would indicate that they need to take a more hawkish tone, but they're in the morons club with Powell and the Fed, so who knows, lol. by hungry_hippo3
Reviewing Overnight Price Action ESFeels so good to be back home :) now lets get back to business. what an amazing few weeks that i missed. hoped you all made some great decisions. 02:26by BobbyS8131
#ES_F Day Trading Prep Week 02.25 - 03.01Lets break down some structure and see if we can get clues and areas of interest for this week. Last Week : Last week we opened with a hold and consolidation under VAH of Previous HTF Range which built up enough Supply to give a sell to lower targets at the Mean and VAL, FED Minutes day we consolidated at at VAL with an attempt to break under which failed and inventory corrected back towards the Mean with and an after hours pump info VAH. Globex got continuation creating a big gap to the upside and an RTH push through the upper Edge into a new HTF Range. Friday to end the week we got a push into new VAL but failed to get inside Value and instead found selling that took us back under 5112.50 - 07.50 Key Resistance. This Week: This week we will have to see how the market will trade in this new Range. Right now we got a rejection from VAL and the push into this Edge was done during lower Globex Volume. Will enough buying come in at this area to give us a hold above/inside this Edge and we try to make another push towards VAL/ and new Value or will this push start running out of juice and we start coming back in filling the push with Supply. For now our range is 5012.50 - 5060.75, Current Intrarange Support 5095.50 - 92.50 Current Key Resistance 5112.50 - 07.50. For us to attempt anything higher into above VAL we would need to take out 5112.50 - 07.50 as we now have Supply above it which could keep us under. If we build up enough Supply or selling comes in to break 5095.50 - 92.50 we could see a move towards 5081 - 77.75, Key Support for this range would be 5065.75 - 60.75 this is bottom of the Edge we need to hold around for this break out to stay valid with hopes for higher continuation. If we can't hold this area then we can start coming back in targeting previous VAH/Value as it would be a failure in new range which could ultimately target lower Edge of Previous Range again. If selling is not strong then we could just balance in this new Edge/VAL/Mean area until enough supply builds up to come in or more buyers come in to keep going towards above VAH, this could take some time to resolve or if volume comes in then could see next move quicker. Best thing is to take it range to range level to level. Levels to watch : Current Key Resistance : 5112.50 - 5107.50 Targets above 5129 - 25 // 5144 - 40.25 Current Intrarange Support : 5095.50 - 92.50 Targets under 5086.25 - 81 - 77.75 // Key Support for any continuation lower 5066.50 - 60.67by HollowMnUpdated 1
3/1 Friday Trading PlanMarket Sentiment: Neutral Trading Plan for Friday Supports to Watch: Immediate Supports: 5093, 5087, 5078-80 (major), 5066, 5058 (major), 5052, 5041-41 (major), 5031, 5028, 5018-22 (major), 5013, 5009, 5004, 4998 (major), 4988 (major), 4976, 4965, 4956-69 (major), 4947. Resistances to Monitor: Key Resistances: 5100-02 (major), 5108, 5113, 5120-24 (major), 5131, 5140 (major), 5150, 5155-57 (major), 5163, 5170, 5179-81 (major), 5188, 5196, 5200 (major), 5210 (major), 5214, 5220-25 (major), 5232, 5240 (major). Trading Strategy: Capital Preservation Friday: Prioritize capital preservation over aggressive trading today. Limited High-Quality Setups: The market's recent price action limits the availability of clear, high-probability setups. Exercise caution and selectivity. Disciplined Trading Within the Range: The 5108-5066 range defines the current market; employ disciplined, level-to-level trading strategies within this range. Creative Approaches: The established range will require creativity in identifying trade opportunities. Bull Case: Trend Continuation: The bull market remains in control. Short-term focus is on the 5078-80 support level. Holding above this level primes ES for a breakout of the ongoing bull flag, targeting 5120-24 and potentially moving toward new all-time highs (5140, 5155-57). Adding on Strength (Cautiously): Look for opportunities to add to positions, but proceed carefully due to limited visibility on setups. Overnight flagging above 5087, while remaining below 5113, may offer a constructive setup for direct upward movement. Bear Case: Support Failure: Breakdowns below 5078-80 trigger the bear case. Expect retests of the support level and consider shorting on failed bounces around 5076. Breakdown Trades: Breakdown trades are risky (low win-rate, high reward potential). Proceed with caution or consider avoiding these setups if you find them unsuitable. In Summary: Prioritize capital protection today. Maintain awareness of the trend but focus on trading within the established range using disciplined and creative approaches. If 5078-80 support fails, a potential shift in dynamics may require adjustments to your trading plan. Top News for March 1, 2024 KeyCorp Earnings Calls Scheduled: KeyCorp has announced its schedule for quarterly earnings conference calls throughout 2024. Investors can access live audio webcasts via the company's investor relations website. Biodesix Reports FY2023 Results: Biodesix, a leading diagnostic solutions provider, has released its financials for Q4 and FY2023, highlighting substantial growth in Lung Diagnostic test volume and a solid gross profit margin. The company projects significant total revenue growth for 2024. Fox River Corporate Update: Fox River Resources Corporation has provided progress updates on its ongoing projects for 2024, including Battery Supply Chain Initiatives and Pilot Plant Phosphoric Acid Tests. Financial Rule Changes Effective March 2024: Key financial changes are set to take place in March 2024, including GST rule updates, FASTag deactivation, and bank holidays. Additionally, the fiscal year 2023-24 will close on March 31. Vanguard CEO Transition: Vanguard's CEO, Tim Buckley, who oversaw massive asset growth during his tenure, is stepping down. Lordstown Motors Settles with SEC: Electric-truck maker Lordstown Motors has reached a settlement with the SEC regarding disclosure issues surrounding its SPAC deal. Nasdaq Hits Record High: The tech-heavy Nasdaq composite index closed at an all-time high for the first time in over two years. Dell's Outlook Boosted by AI Adoption: Dell's shares rose in response to bullish annual forecasts driven by increased demand for AI-optimized servers. This indicates AI adoption is a significant growth factor for enterprise technology suppliers. Brazil's Q4 GDP Flat: Brazil's GDP in the fourth quarter of 2023 unexpectedly showed zero growth, missing market expectations slightly. New York Community Bancorp Shares Fall: Shares in NYCB have declined due to the discovery of 'material weaknesses' in its loan review processes. Disclaimer: Remember, this analysis serves an educational purpose; it should not be taken as financial advice. Always consult a financial advisor before making any investment or trading decisions.by spytradingpro0
Can buyers continue?Buyers are back in the S&P 500 on Thursday but can they continue with the positive close on Friday which is the expectation.02:51by DanGramza4
ES UpdateMy indicators aren't telling me shit, but it sure looks like a pump and dump todayby hungry_hippoUpdated 119
ES (MES) Bullish breaker on 1HEconomic data injected liquidity to the market. ES swept yesterday's low and displaced aggressively through the breaker block with 1h FVG making it ICT Unicorn Breaker setup. I will be waiting for retrace to the breaker high to go long and target new all time highs in line with weekly bias and expected extension of weekly candle to the upside off the internal liquidity in the form of nearly 50% level of huge daily bullish FVG (CE according to ICT).Longby ICTTradeTactics0
Bitcoin The mini ES2.29.24 This video is about expansion of markets and finding your trade is a buyer or a seller when the price action is not really in sync with a significant pattern. The disparity between significant patterns and price action can be very stressful. Not just that you may be in a good trade and decide that you want to take profits only to realize that you lost another additional profit if you'd only stayed in the trade. There's one rule I never violate... I will only go long if I see buyers and I will have a small stop.... and I will only go short if I see sellers and I will have a small stop. That stop rule is only part of the trade decision. That rule is like deciding to wear a seatbelt when I plan to go fast... regardless of my reason to drive fast.... and it's almost never a structural stop... it's usually a trade decision at a support/ resistance line Or out of fit relationship extension or a 382 correction or at the pattern of an ABCD pattern. normally you will hear that many traders have stops that are too small and that is the reason why they are unsuccessful. I believe that's because they don't know how to make discretionary decisions based on other aspects of the market which would probably prevent them from even thinking about a trade because they don't understand patterns and support resistance. You want to trade in volatile markets... but you have to respect how costly it is to stay in a volatile market that's trading against you. Honestly, I don't know how to trade contracted markets. The reason why I like contracted markets when I see them is that it means I don't have to stick around and trade that market and this means I can do something else other than looking and trade that market. it's like a holiday. 20:01by ScottBogatin5
02/29 pre market planGood morning everybody, we had some news at 8:30 which lead to that crazy green candle, nothing to do right now just wait for the right set up. We have a supply and resistance from 5095 5099 supply and resistance at 5105, if the price rejected this prices i would like to play shorts. And we have a good support at 5064.by SrSovi0
2/29 Wednesday Trading PlanMarket Sentiment: Neutral Indian and Global Market Updates Mixed Indian Indices in Early Trading: The BSE Sensex and Nifty oscillated between gains and losses in a volatile morning session, mirroring muted global market cues and today's monthly derivatives expiry. Reliance Industries, Maruti, and Others Lead Gains: Reliance Industries, Maruti, Titan, Mahindra & Mahindra, IndusInd Bank, and State Bank of India were among the top gainers on the Sensex. Lagging Behind: Hindustan Unilever, Power Grid, Axis Bank, and Kotak Mahindra Bank were among the stocks underperforming. Economic Outlook and Indicators Elevated Recession Risk: Economist David Rosenberg warns of an 85% chance of a US recession in 2024, a high probability not seen since the 2008 crisis. His forecast is informed by a combination of financial conditions, debt-service ratios, foreign term spreads, and yield curve dynamics. Bitcoin Soars: Bitcoin has reached record highs in Australian dollars and is closing in on an all-time US dollar high, driven by bullish momentum in the cryptocurrency market. UK Economic Indicators Updated: Real-time indicators such as flight activity and London traffic data, as well as online job advert indices and automotive fuel spending insights, provide an update on the UK economy. US Growth Forecast Revised Upward: The Atlanta Fed's GDPNow model increased its first-quarter 2024 real GDP growth estimate to 3.2%, up from 2.9% previously. Data Revisions Announced: The US Census Bureau has informed that revisions will be made to the Wholesale and Retail adjusted and not adjusted monthly estimates released in March and April 2024, respectively. News Highlights Real Estate, Consumer Cyclicals, and Tech Advance: The real estate sector outperformed, followed by consumer cyclicals and technology, while utilities were the only sector showing losses. Electronic Arts Announces Layoffs: Electronic Arts (EA) is cutting around 5% of its workforce and ending development on select video games. Oprah Winfrey Exits WW International: Oprah Winfrey will step down from the board of WW International (former Weight Watchers) and plans to sell her stake in the company. OpenAI Under SEC Investigation: The SEC is investigating possible misrepresentation to OpenAI investors, examining CEO Sam Altman's internal communications. Oil Prices Dip Slightly: The global oil benchmark, Brent crude, saw a slight decline of 0.17% to $83.54 per barrel. Trading Plan for Thursday Supports to Watch: Immediate Supports: 5074 (major), 5066, 5058, 5052 (major), 5040-42 (major), 5028-30 (major), 5018, 5013 (major), 5009, 4999 (major), 4988, 4981-83 (major), 4971, 4964, 4955-59 (major). Resistances to Monitor: Key Resistances: 5079 (major), 5087 (major), 5093, 5098, 5102, 5106-08 (major), 5113, 5118 (major), 5128, 5134-36 (major), 5142, 5150-52 (major), 5156, 5163, 5168-70, 5176 (major), 5182, 5190, 5195-5200 (major), 5209 (major), 5217, 5225 (major), 5230, 5235 (major). Trading Strategy: Range-Bound Market: The current market exhibits choppy, range-bound behavior. Exercise caution and focus on well-defined support and resistance levels to determine potential long or short entry points. Inverse H&S Pattern in Play: An inverse head and shoulders pattern has formed since Monday's afternoon low, with 5074 as the neckline. Monitor this structure for potential directional clues, but acknowledge patterns offer only slight probability edges. Disciplined Trading: Employ a disciplined trading strategy, including planned profit-taking and stop-loss orders, especially when testing significant support and resistance areas to manage potential market volatility. Disclaimer: Remember, this analysis serves an educational purpose; it should not be taken as financial advice. Always consult a financial advisor before making any investment or trading decisions.by spytradingpro0
ES UpdateIndicators are neutral before the PCE numbers come out tomorrow. NQ MFI is oversold, and RTY MFI is overbought. No idea which way the market goes tomorrow. Regardless of the numbers, it'd be stupid for the Fed to cut rates this year. They're too stupid to realize that they effectively cut long term rates with their Dot Plot in December. If they had any intelligence, they'll revise the Dot Plot in the March meeting, but stupid is as stupid does. They'll wind up having to raise rates to keep the market from going parabolic. Morons.by hungry_hippoUpdated 338
A market in waiting!The day structure in the S&P 500 implies a market that is then waiting for the PCE announcement on Thursday. The price structure implies an up move for Thursday.01:59by DanGramza2
Modern EWT is based on Fibonacchi numbersSome keeps pushing the idea that EWT elliot wave theory isn't related to fib numbers... notice that the Profit Targets ar based on Fibonacchi extension numbersby dryanhawley1
02/28 pre market planyesterday we respect the supply zone at 5092 5088, big drop to 5064 wich previously acted as a resistance now its acting as support, there is right now a supply zone 15 min 5078 5076 that the market its currently rejecting lets see how the market act at the oppening. could be playing shorts at that supply or longs on a bounce of the support level.by SrSovi0
2/28 Wednesday Trading PlanTrading Plan for Wednesday, February 28, 2024 Market Sentiment: Neutral Supports to Watch: Immediate Supports: 5080, 5074 (major), 5066 (major), 5058, 5044-46 (major), 5028, 5018-22 (major), 5008, 5003 (major), 4998 (major), 4988, 4983, 4975 (major), 4965, 4954-58 (major), 4947, 4933 (major), 4917-20 (major), 4913, 4907 (major). Resistances to Monitor: Key Resistances: 5088 (major), 5093, 5102, 5108, 5113-5115 (major), 5127-29 (major), 5142, 5144-48 (major), 5158, 5168, 5171 (major), 5182 (major), 5193, 5204, 5215, 5225-30 (major), 5245 (major), 5260, 5272-75, 5290 (major), 5300 (major), 5308 (major). Trading Strategy: Maintain Cautious Approach: With the market at all-time highs, exercise caution and focus on well-defined technical levels as entry and exit signals. Focus on Support and Resistance: Target key levels for possible long and short trade setups, paying careful attention to the critical 5074 support level. Disciplined Trading: Employ a disciplined approach, including planned profit-taking and stop-loss orders. Do this particularly when testing primary support and resistance areas to manage potential market volatility. Stock Market Outlook for February 2024 The stock market's bullish momentum from 2023 has continued into 2024, with the S&P 500 repeatedly making new all-time highs. Strong economic data and anticipation of the Federal Reserve potentially shifting to interest rate cuts are driving the market. Investors are watching for crucial economic data releases, earnings reports, and news events that could determine if the Fed will pivot its rate policy. India's Economic and Market Updates Strong Investor Confidence: India's deals market remains robust despite global headwinds, demonstrating continued business and investor optimism. Positive Earnings Performance: CITI's India Equity Strategy report highlights that Q3 results, particularly in the auto, industrials, and energy sectors, have exceeded expectations. Fundraising Initiative: Vodafone Idea has secured approval for a significant fundraising plan of up to ₹45,000 crore through a mix of equity and debt. Byju's Legal Proceedings: The National Company Law Tribunal (NCLT) will issue a judgment on a case alleging investor oppression and mismanagement against Byju's. Global Economic Concerns Challenges to Global Growth: The global economy is pressured by ongoing crises, including continued conflicts in Ukraine and Gaza. World Bank's Pessimistic Outlook: The World Bank's 2024 Global Economic Prospects report raises concerns about weak global growth. Uncertain Economic Forecasts: Experts caution against placing too much confidence in economic forecasts, highlighting geopolitical risks and policy hurdles that might impede growth. News Highlights G20 Finance Ministers Meeting: Finance ministers from G20 countries are meeting to discuss support for the global economy, with the primary focus likely being on the war in Ukraine and the potential use of frozen Russian assets to provide aid. Euro Area Economic Confidence: Economic confidence in the Euro area weakened unexpectedly, with a sentiment indicator declining to a three-month low. Integra LifeSciences: Integra LifeSciences released financial results for both Q4 and the full year of 2023, and it also provided 2024 financial guidance. NVIDIA's Results: NVIDIA reported results for the fourth quarter and fiscal year 2024, offering a positive outlook for the first quarter of fiscal 2025. Silver Prices Decline: Silver prices have dropped as market participants await key US inflation data that could influence Federal Reserve monetary policy decisions. Major Market Movers: Companies like Jindal Worldwide and Vodafone Idea have experienced significant stock price movements. Disclaimer: Remember, this market analysis is intended for educational purposes and should not be taken as financial advice. Always consult a financial advisor before making investment or trading decisions.by spytradingpro2
Buyers on the breakThe structure on the daily chart in the S&P 500 implies that buyers bought the break to lower prices over the last 2 days. The next critical test would be high in a close above 5020 in the next 2 days.01:19by DanGramza3
Flag pole projectionThe bull flag is a type of Wyckoff accumulation schematic. If it turns out true, I'd expect a price of 5220 Longby simplestupid0
ES updateMFI is oversold but RSI isn't yet. Meanwhile RTY is overbought on both RSI and MFI. Probably just another whipsaw day tomorrow as everyone is waiting for PCE numbers. I might do a straddle on something that's close to an options break point with cheap premiums and small spread, like maybe XLF. But that's tomorrow, lol. I noticed yesterday that oil is climbing again, if it breaks out, then we'll see rebound inflation. The commodity traders should stick to pumping shitcoin, lol. It's the only so called commodity that doesn't directly cause inflation. I think that's why the traders are all jumping on it. the Fed won't make rate decisions based on fantasy trading.by hungry_hippoUpdated 227
ES1 is bearish IMO 🐻the B wave is about to get really bearish in my opinion. 5230 is the top inshallah. 🗻 tell me what do you think in commentsShortby koubybrait360
2/27 Tuesday Trading PlanMarket Sentiment: Neutral Stock Market Outlook for February 2024 The stock market's outlook leans toward neutral for February 2024. While the powerful year-end rally of 2023 created optimism, concerns linger that positive news has been priced in. This suggests potential vulnerability to negative news or persistent inflation throughout 2024. Federal Reserve's Monetary Policy The Federal Reserve ended its tightening cycle in December 2023, with expectations for significant rate cuts in 2024. Market concerns arise over the timing and scale of those reductions: should they occur primarily due to recession risks, or might the Fed hold off on the depth of cuts if the economy and inflation remain resilient? US Economic Outlook The U.S. economy in 2024 appears positioned for a potentially record-breaking late-cycle expansion. Inflation has cooled from 2023 highs, and corporate profits have stabilized. Challenges stemming from a slow Chinese economy and geopolitical tensions remain. Investment Banks' 2024 Outlooks Leading investment banks like Deutsche Bank, UBS, Apollo, and others offer varying perspectives on 2024. Their outlooks range from cautious optimism to focused identification of tactical opportunities within the equity markets. Asset Markets and Valuations Markets may become susceptible to adverse news or economic developments, as much good news may already be baked into current asset prices. Corporate Earnings and Market Performance Stocks have hit recent highs, fueled partly by excitement around the potential of AI to reshape the U.S. economy. Companies within the tech sector, such as Salesforce, HP, Workday, and Zoom, are among those releasing their latest earnings reports. Global Market Overview Globally, bonds underperformed equities early in the year as major central banks hinted at a more measured pace of interest rate cuts. The Fed Chair Jay Powell suggested a March cut was unlikely, and the UK's surprise inflation increase impacted UK gilts. News Highlights Retail Sector and Cryptocurrency: Macy's is reducing its store count due to decreased sales, while Bitcoin values have soared above $57,000 in a resurgence of cryptocurrency interest. Corporate Developments: SunPower's CEO has stepped down amidst questions about the company's continued viability due to a credit agreement breach. Trading Plan for Tuesday Supports to Watch: Immediate Supports: 5080-82 (major), 5074-76, 5066 (major), 5058, 5051, 5046 (major), 5040, 5031 (major), 5028, 5018, 5011-13 (major), 5004, 4998 (major), 4993, 4983 (major), 4965, 4951-56 (major). Resistances to Monitor: Key Resistances: 5093, 5102, 5108 (major), 5112 (major), 5121-23, 5134, 5143-46 (major), 5152, 5165 (major), 5170, 5178-81 (major), 5188, 5199, 5211, 5224 (major), 5229 (major), 5248 (major), 5257, 5270 (major), 5280 (major). Trading Strategy: Maintain Cautious Approach: After the strong rally, the market is in an expected cooldown phase. Exercise caution and seek clear technical signals for trades. Focus on Support and Resistance: Target key support and resistance levels for potential long or short entry points, with particular attention to the critical 5046 level. Disciplined Trading: Employ disciplined trading strategies, including planned profit-taking and stop-loss orders, especially when testing primary support and resistance zones to navigate potential market swings. Disclaimer: It's important to remember that this analysis serves an educational purpose and shouldn't be taken as financial advice. Always seek professional financial advice before making investment or trading decisions.by spytradingpro2
02/27 Pre market planThe market has rejected the supply zone perfectly in the pre market, we saw a lot of selling yesterday, lets see if the market wants to do the same today. We have the 30 minute supply zone at 5091 5088 that ois currently working. then we have demand zone that act as support at 5074 that if the price holds there we could see a reverse. And we have 5104 where the sellers appeared yesterday. by SrSovi0
S&P Explosion LikelyConfluences: 1. Gold is nicely trending up. 2. Fed insinuated rate hikes likely over. Dollar broke daily trendline. 3. S&P forming a Wykcoff reaccumulation schematic on H1.Longby simplestupid0