E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday's close: Settled at 5047.50, up 43.75
NQ, yesterday's close: Settled at 17,350.00, up 169.25
E-mini S&P and E-mini NQ futures broke a streak of six losing sessions. Yesterday's rally was broad, with chips like NVDA and MU rebounding firmly, and banks having a day, but it all comes down to earnings before Core...
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.
from the sp500/vix ratio it emerges that there is an increase in the relative strength of the stock market compared to the fear index. We could witness a bull market reabsorbing the bearish excess of the month of April
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.
If daily gap holds then upside targets
*5021.5 then 5026.5-5037.
For downside targets
*4997-4991 and if that fails 4974
Daily Trend Tracker
*DXY - Bullish - *VIX - Bearish - *US10Y - Bearish
Follow Jbetrading on X for more in depth analysis across multiple asset classes.
This idea is based on 8:30 ET Breakout candle..
This is Silver Bullet strategy buy a bit more aggressive.
Reason being is that, Previous week was over extended to the downside and expect a retracement bullish short term..
Trading Plan for Monday, April 22nd, 2024
Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial.
Key Supports
Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966
Major Supports: 4958 (major), 4937 (major), 4904-08 (major),...
This algo and automatic drawing system can indicate that an oversold short term furtures index price can retrace to trend extend levels.
the projection in the algo and short term futures or money network index risk may accumulate according to trend regularity 33, with automatic drawings suggesting a cross.
a bear pullback could look like something as indicated on...
Dax
Quote from last week:
bear case: Bears showed strength this week and bulls continued to take profits. Every bounce was sold and this pull back is now as deep as the one we got from mid 2023-12 to early 2024-01, which is around -4%, which is, given the +28% rise, almost nothing. Now we are at the first very important level to determine the strength and...
Yesterday I posted analysis for ES but unfortunately, it was for the previous contract month meaning that all analysis made is negated.
Assuming this was posted on the Sunday, i was looking out for sellside to be swept, which eventually happened but it's pointless me saying that is what i was on a lookout for when the move has already played out.
Overall, i am...
Throughout the last few weeks, ES has gently tricked to the upside but this week is looking a bit different.
Throughout the weeks, from the beginning of 2024, there has not been a bearish market shift in structure before repricing to the upside yet but with Wednesday, Thursday and Friday being down close days, sellstops could be i danger of being liquidated as...
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.
Last Week :
Last week market opened around VAL of the range and we knew we had supply and strong sellers inside the ranges Value in and above previous gap which we filled. Market was able to balance inside VAL on Monday around Key Support of 49.75 - 44.75 and top of VAL area but Tuesday we started seeing more signs of weakness with flushes from Value into the...
