Key zones 4768/66, failure here means we might possibly trade 4746 zone. 4759.50 support 4756-46 area support 4745-41 major support, failure here might mean bigger down trend setup.
📊 Market Sentiment: Bullish Stay light on OPEX day due to the potential for choppy trading. Look for a potential base building in the 4756-83 range for a potential leg up to the 4804-08 zone. If 4756 fails, prepare for a potential pullback. 📈 The Markets Overnight 🌏 Asia: Mostly up 🌍 Europe: Up strongly 🌎 US Index Futures: Up strongly 🛢 Crude Oil: Up a lot 💵...
Thursday in the S&P 500 was a rest day. Now the challenge for this market going into Friday's session will be follow-through from the buyers. Can they provide a confident close going into the weekend with a close above 4790.
Market tested support last week and the recovered to close the week flat. NQ successfully retested the 21 ema and ES pulled back and recovered from the 9 ema. Market held to top of the range just below the July high setting up for a break in either direction going into this week's CPI data and FOMC rate decision. SUMMARY ES finished the week with a gain of...
FOMC 12/13/23 Market check: FOMC policy statement, interest-rate decision, summary of economic projections, and Jerome Powell's presser. The Federal Reserve wraps its last policy meeting of 2023 today. Central bank officials are expected to leave interest rates unchanged when the Federal Open Market Committee releases its statement at 2 p.m. Eastern. That...
On S&P 500 is nice to see strong buying reaction from the price 4703 , 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... Uptrend + Volume cluster are my mainly...
Spy Pivots and one hell of a setup. I hope you enjoy :) -=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
Thursdays price action in the S&P 500 after the Fed announcements provided a step in the bullish direction for buyers to continue moving levels higher. Follow-through would be expected on Thursday to the upside but not the same size of range that was shown on Wednesday.
📊 Market Sentiment: Neutral to Bullish 📈 The Markets Overnight 🌏 Asia: Mixed, China down a lot 🌍 Europe: Up a bit 🌎 US Index Futures: Up a bit 🛢 Crude Oil: Up a bit 💵 Dollar: Down slightly 🧐 Yields: Down 🔮 Crypto: Down 🌏 Major Global Catalysts COP28 deal calls for the tripling of renewable energy capacity by 2030 and the eventual phase-out of fossil...
Speaks for itself. Good luck! Nickel and a dime: www.youtube.com
78.6 fib approaching. Will be interesting to see the reaction into the next few days / end of this year. Caution
today is FOMC market has been basing since yesterday close. less is more today. looking for price discovery. always know where you'll get out if you're wrong.
Today's news Dec.12 which included CPI gave us the run up into the buyside liquidity that I was looking for... Going into tomorrow Dec.13 we have PPI and FOMC AT 2:30PM EST.... looking for price to run up into 4685.25 around that time.
The bias in the S&P 500 continues to the upside with Tuesday's market action. If the Fed or the PPI reveals all surprise, this market could easily come tumbling down. However, that is not what I'm looking for. My expectations are for new highs in this market on Wednesday.
ES1! 6WK: Update from April 14, 2023 Publish: 0.786 Levels clear development of structure into EOY. KL: 4741.25 Risk on sentiment as evidenced by confluence of sigma 1 and 0.5 fibonacci level (4155.25) now approached 0.236 fibonacci level (4500). This was a high area of interest as PA reverted to mean because it was where price acceptance has occurred (Oct 2020)...
Draw on Liquidity is old Highs Liquidity Drill run
Going over the overnight action and the CPI. we took some longs around the 4672ish area and took our level to level chunk out. now we are back to neutral bias and waiting for price discovery. don't be rigid. always know where you'll get out if you're wrong.
Buy mini SP at 4554 limit, stop at 4496, tgt open Risk Disclosure