Good morning Traders, I explain something about markets trading around VPOC in the video today. Very important to understand where we are vs where weve been, so we can get an idea of what likely (not definitely) happens next. I'm looking for chop today.
$SPY Gamma Environment: Negative (-1.2bn) Key Gamma Levels: 8th 457 - R3 resistance 455 - R2 resistance 453 - R1 resistance 450 - S1 (First Support) 448 - S2 (Second Support) 445 - S3 (Third Support) Views: Following what was expected to be a much larger move, we had very little in the way of realised vol despite the strong words from Bullard...
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍 Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace. Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
I hope you guys had a good trading day, the levels for tomorrow haven't changed much, we still have 4450 as the immediate support after that 4415. for resistance we have 4500 and after that a minor resistance at 4525. Somebody asked me how I use these levels, and is very simple, If i have a S/R level and a pivot, plus the other factors that i look for then i take...
Here is the weekend look at the S&P futures going into the trading week of April 4th – 8th. The S &P started out the week with a strong move above the neutral box. Price broke through the Feb 2nd (4586) pivot on Tuesday getting as high as 4631. Price met resistance just below the 786-fib retracement and then reversed lower dropping approximately 2% during the...
The evidence that buyers are returning to the S&P 500 is the green candle that occurred on Thursday. In this type of market movement is it sellers that entered the market over the last 2 days taking profit. Has this market gotten cheap enough that new buyers are willing to enter, as well. It is most likely a combination of both, we have fundamental data coming out...
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Trade well &...
The buying above prior sessions VALUE AREA HIGH shows an even better performance than simply buying above the POC or on a reveral at prior day long. In any case seasonality shows that buying on the 7th april and holding till end of april was very profitable in the last 15 years
Buy Signal Entry - 4458.50 TP - 4654.00 SL - 4388.00 For Daily Support/Resistance levels click here! www.cannontrading.com **Trading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used....
Yesterday we suggested that it could be timely to open a short position in the Russell 2000 based on the appearance of a bear cross on the daily DMI chart. A similar bear cross appeared today on the daily DMI chart for the S&P 500. A short SPX position could be timely here as well.
Good morning traders, Lots of volatility after the FOMC but the market didn't really go anywhere. Again, ill say this, compared to the rally from mid-march, this pullback looks like nothing. You will read on Twitter that the sky is falling, don't buy into everything you read. The market can go down yes, but is it likely? I'm not sure I'm buying that narrative today.
Possible pullback after nearest sell stops are taken.
I do think that ES is showing signs of weakness and this is my though process of what has happened and what has yet to occur at this point. Now looking for London to run the high formed today, then trade lower to run the sell stops
Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍 Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace. Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions...
As a big fan of 3 Day charts, I projected that bulls have ceiling at 4760, but that now seems like a distant view. last few days I was skeptical because of price was acting in the growth names. for transparency, I was long in AFRM, UPST from the lows, sold FRM at 41 and 47 and holding UPST at 106.5...will close for loss depending on how price acts tomorrow....
After the Fed announcements we can go back to the trading, we can see the markets was waiting for the Fed in the afternoon, and tomorrow morning we have somebody else from the Fed talking, that usually gives the market some combustible to move fast. as for support resistance levels we have 4450 as the immediate support after that 4415. for resistance we have 4500...
Sellers came in today in the S&P 500 and push the market lower with both hands. The Fed meeting minutes were released on Wednesday and the expectation is there will be a 50 basis point increase in the balance sheet reduction would be $60 billion of treasury securities and $35 billion of mortgage-backed securities. I am looking for a smaller range day-to-day but...
ES Analysis : Forecast : So narrowing this down , 1st off we don't want this "White zone" being broken . Reasons why , Huge support, VPOC is right where PA is at and we don't wanna be too far away from it in my opinion. Now for the "Golden Rectangle" in my opinion we don't wanna be there because being there means we are starting to get "2 sliding...