The S&P 500 may go sideways and catch its breath as we go into year end even though the expectation would be a positive close as we finished the year out. A large moved to the downside would not be expected.
Regression channels still trending to the upside with VIX confirming the trend until VIX breaks 12.60 to 13.00. Wait for VIX to break 13.00 to 15.00 before entering any short positions.
📊 Market Sentiment: Bullish Santa Rally Continues The market remains steady as the traditional "Santa Rally" lifts spirits and prices. Bulls are in firm control with the critical support at 4808 serving as the line in the sand. 📝 Recap: Steady Above Support The market has been resilient, notably maintaining above the 4822 level. A late-day failed breakdown...
Going over the price action. see whats actionable and what's not. taking it light today. another holiday trading day. Theme of the day is No Setup No Trade. be careful be dynamic. "always, always cover your a**" PTJ
Markets Interacting with 60min SF COP near the market open. Important Support Nodes (Intraday) 4819.75 F3(R1) 4808.75 F3 (R2) K 4804.00 F3* Expecting market to find support at these support nodes.
Significant Higher Timeframe Resistance Nodes up ahead on ES Futures Expansion Cluster : Q OP W SF OP D SF COP Expect Market Reaction off these HTF resistance nodes, if we trade there.
End of 2023 market check: S&P 500 Nasdaq Dow Jones Russell 2000 30yr mortgage Bitcoin Oil Gold
Higher prices are expected in the S&P 500 futures market for Thursday, December 28. There are no major fundamentals coming out on Thursday. The challenge will be can the buyers who bought Thursday's break continue on Thursday to higher prices.
Traders, The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction. I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake. New: Long S&P 500 SPY target 4848.00 Stop 4695
We go over the price action on this holiday day ES. market formed a flag Over night got us in buying the dip mode. bot a few times got stopped for break even. important thing is that we followed our plan. we can adjust the plan if needed but not the goal. and that is to take $$$ out of the market daily. came in short of the goal today but got better. better than...
📊 Market Sentiment: Bullish Santa Clause Rally The market sentiment remains cautiously optimistic, with the S&P 500 pushing to newer highs. However, there's an undercurrent of caution with the risk of corrective consolidation. The main focus is on major supports at 4813-16 and 4800 to maintain the rally. A sustained hold above these levels will be crucial for the...
Near record levels in the S&P 500 can the buyers follow through as we go into the end of this year. The confidence from buyers that are needed to extend the S&P 500 will be evident over the next couple of days.
US Economy keeps going up Alarms set, waiting for lower prices to enter again. If price gets to a Premium and starts showing some Aggressive action I'm in short for a shorty
📊 Market Sentiment: Cautious Holiday Trading As we continue the holiday week, trading volume and liquidity are expected to decrease significantly with the exit of institutional money and many professionals on break. This typically results in choppier and less predictable price action, increasing the potential risk for traders. The holiday trading mode is expected...
Es failed to hold strength after open 30min session and never really showed strength to the upside with a continuation in delta weakness. Harmonics showing potential increase in weakness but will need VIX to confirm this in the coming days
In the following lines , we will analyse the weekly chart of the ESH2024. Indeed , the fact that the weekly candle that started on the Monday 11 December 2023 closed with speed above the Monday 24 July 2023 candle was an indication of bullishness. That was effectively confirmed with a up close candle on the week going from December 18 , 2023 to December 22 ,...
In the following lines , we will analyse the weekly chart of the ESH2024. Indeed , the fact that the weekly candle that started on the Monday 11 December 2023 closed with speed above the Monday 24 July 2023 candle was an indication of bullishness. That was effectively confirmed with a up close candle on the week going from December 18 , 2023 to December 22 ,...