Friday's price action in the S&P 500 implies buyers are evening up going into the holiday weekend. Retesting Friday highs would be expected on Tuesday.
Going over Price action Morning Session ES. took some shots. managed risk. updated our plan. made adjustments. don't like China sector. putting it on DNTL for whatever reason it just doesn't trade well. Placing all that attention back on the US market which is the best in the world.
Going over the Over Night session looking for patterns clues. had a beautiful bull flag that broke higher without us due to sleep :) watching the 4810ish zone for the backtest and waiting for setups. no setup no trade. volume will get lighter from here till end of year.
Standard Disclaimers: I am not licensed through FINRA, SEC, nor any other authority. This observation and speculation may be completely erroneous. It is not intended as financial nor as trading advice. CME_MINI:ESH2024 1 hour timeframe looks 66% likely to trend into a golden cross today. If it continues supported by hopes of a smooth landing, it may rebound to...
📊 Market Sentiment: Muted Santa Rally Expectations Despite some anticipations of a quieter Santa Rally this year, the market is expected to navigate through a "choppier" holiday season than usual. Flexibility and adaptability in trading strategies are emphasized over predictions. 📝 Recap: Historical Santa Rally Period Historically, the "Santa Rally" begins...
DR IDR confirmation short + FVG from ICT to potential 0.5 or midpoint of previous RDR session to the left.
The S&P 500 overall structure is neutral going into Friday's PCE number. The market bias is for movement higher and this would be the expectation provided the PCE number provides an indication that inflation may be slowing down.
The trend line is the most notable area for support, besides the high/low volume nodes that offer support resistance. Let your winners run and use these indicators to watch price action and sentiment when it approaches.
Going over the price Action on the Open for ES. broke OVN highs tested upper levels built out a triangle and broke lower. now in a megaphone we'll see how this turns out.
Break of 4hr trend Wanted price to pull back higher but price finally broke pullback structure
Going over the price action ES overnight looking for some clues to what the market wants to do next. looking for our edge.
On S&P 500 is nice to see strong buying reaction from the price 4595.00 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... S/R zone from the past + Uptrend +...
When you look at the historical chart you will see the pattern of why. When you see the stocks in the main news. Remember that this is at the correction level. Right now the market is oversold. The best time to exit your position is when the main news is talking about it. This is not a good short position but a good exit to take profit position. Historically it...
📊 Market Sentiment: Shifting Tides Amidst Volatility Despite a recent downturn, the market remains in a robust uptrend. The S&P 500 Futures experienced a red day, triggering a sell-off, but the bulls are still in play, awaiting a reclaim of certain resistance levels. Critical for the bulls is the 4740 area; holding above this level could initiate upward...
Thursday in the S&P 500 has the possibility of setting up market action for Friday fundamentals like the PCE number. This would mean not looking for a sustained downward move but rather a market that goes sideways or slightly lower leaving a shadow on the bottom.
Dealing in facts and logic, will always give you the best outcome. Using real data and reading between the lines is something anyone, in any walk of Trading can conduct. This story is one that you can see a mile off and one you can use to understand the natural order in which Markets actually work. Within the jungle of trading strategies that rely on all sorts,...
Time to go down. Sold MESH2024 (March) at $4,788 My target is around $4,500.
Shorting ES for a quick Scalp min of 10 ticks lowest leverage.