Failed break of IB looking for short entry on confirmation. Failed break of IB looking for short entry on confirmation. $1.75 points Profit: $87.50 Should of held trade longer. Earlier sideways action caused early exit. Shortby Alpha-Trader76112
ES pre Fed meeting minutes updateMFI overbought before Fed meeting minutes get released here in a few minutes.... I'm staying out. Movements are so small not everything is moving with the market. Too much guess work.by hungry_hippoUpdated 117
Wedge CityCurrently in a wedge, breakout will determine direction. Hoping for the upside!Longby The_Gains1
Lean and Prep ES/SPXES Trade Plan Upper Inflection: 5345 Upper lvls: 5357 / 5370-5377 Lower Inflection: 5323 Lower lvls: 5304 / 5292-5296 NQ Trade Plan Inflection: 18786 Upper lvls: 18812 / 18945 / 19143 Lower lvls: 18720 / 18643 / 18542 / 18413-18447 Stay Frosty!06:43by Beyond_Charts0
Morning price Action REview ES 5-22-24Going over the price action Overnight looking for clues as to what the market is telling us, actionable areas and how we want to manage risk.01:43by BobbyS8130
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code. Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position. However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable. Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term. Warning: This is the first live test of this strategy!! Estimate time for price to increase : 1months-6 months Expect price to stall within the drawn range. For the following weeks I don't expect any mayor price movements until the elections, unless a sudden international event happens.Longby DarkMessiah7770
ES Fibonacci Analysis (May 21)This Fibonacci drawing was drawn from 5315 to 5349, going up. If ES breaks above 5350, then it can continue to the next Fibonacci level of -50% at 5366. Please note the 2HR FVG close at 5339. Once price action reaches this level, price action may bounce and continue up, or fail and continue to fall lower to test the Daily FVG level again at 5315.by RandiMichelle1
Will buyers have the momentum?In the S&P 500, will buyers have the momentum to push the S&P 500 to new record highs? The structure to facilitate this movement is in place and the release of the Fed meeting minutes on Wednesday May give the excuse for the S&P 500 to move to those new levels.02:01by DanGramza2
ES Bull Flag BreakoutES has a shorter term bull flag breakout on the 15m. Things are looking good for a rally into close and into tomorrow leading up to NVDA earnings.Longby AdvancedPlays0
5/21 Daytrade Idea ES500PO3 Set up, hoping for price to deliver quickly to our targets. Looking to see price pass previous daily high but also keeping in mind upcoming FOMC talks that may effect the sentiment.Longby WhoIsOnyxDoe0
Roadmap for Indices Amid Fed Speak and EarningsE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5331.75, up 4.50 NQ, yesterday’s close: Settled at 18,763.00, up 127.75 Tech started the week off strongly with E-mini NQ futures notching a gain of +0.7% to the E-mini Dow’s loss of -0.5%. Chips led with usual suspects like NVDA and MU having banner sessions and the Semiconductor Equipment space, KLAC, AMAT, and LRCX also doing the heavy lifting. As for the E-mini Dow, more stocks fell than not, but the downside was led by JPM on news CEO Jamie Dimon is closing in on retirement. After the bell yesterday, PANW missed guidance and is down about -8.0%, while LOW topped estimates this morning and is up more than +1.0%. The first half of the week culminates into NVDA’s earnings Wednesday after the bell, but between now and then a barrage of Fed speak continues to hit the tape with Fed Governor Waller, Richmond Fed President Barkin, NY Fed President Williams, and Atlanta Fed President Bostic all set to have comments hit the tape in the 8:00 am CT hour. E-mini S&P futures eked out a small gain yesterday, and struggled at what was key resistance at 5343.25-5349 for the second session in three, this is now adjusted to major three-star resistance. Similar overhead resistance has been adjusted in the E-mini NQ to align with yesterday’s new all-time high, now coming in at 18,761-18,795. With things consolidating buoyantly to start the week, we will look for continued price action above our Pivot and point of balance through the first hour after the opening bell to set a tone leading to new record highs. In the case of a bit more volatility, a firm response to first key support will keep that buoyancy on track. Bias: Bullish/Neutral Resistance: 5336.75*, 5343.25-5349***, 5400-5420.25***, 5459.75-5474.25*** Pivot: 5331.75-5333.75 Support: 5323.75-5327.25**, 5312.75-5315.75**, 5303.25-5308.50****, 5286.75-5292.75***, 5269.50-5274.25**** NQ (June) Resistance: 18,761-18,795***, 18,825***, 19,085***, 19,319*** Pivot: 18,707-18,732 Support: 18,620-18,635***, 18,532-18,547***, 18,446-18,485***, 18,415**, 18,336-18,371**** Micro Bitcoin (May) Yesterday’s close: Settled at 70,435, up 3,070 Bias: Neutral/Bullish Resistance: 71,500-71,935***, 74,100**, 75,795-76,200*** Pivot: 70,435-70,840 Support: 69,945**, 68,829**, 67,365-68,035***, 66,280-66,535**, 65,445*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
Trading Plan for Wednesday, May 15th, 2024Trading Plan for Wednesday, May 15th, 2024 Market Sentiment: Bullish, consolidating within a tight range after a strong rally. The market could continue to build out a bull flag pattern or break out directly to new highs. Key Supports Immediate Supports: 5329 (major), 5318 (major), 5302-04 (major) Major Supports: 5272-74 (major), 5236 (major), 5208 (major) Key Resistances Near-term Resistance: 5347 (major), 5365-67 (major), 5386-89 (major) Major Resistances: 5404-07 (major), 5450 (major) Trading Strategy Chop Zone Management: The market is consolidating within the 5302-5347 range, with an even tighter range of 5329-5347. Avoid overtrading and focus on level-to-level scalping for small gains. Long Opportunities: Look for a bounce and reclaim above 5317 if the 5309-11 area is tested. If the market dips lower, consider longs at 5302-04, 5272, or 5287 (major). Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, 5342-47 may offer a potential dip, but proceed with extreme caution. Bull Case Bull Flag Continuation: The market may continue to build out the 5309-5342 bull flag pattern, potentially breaking out for a new push into all-time highs (ATHs). Target 5359, then 5375-77 in this scenario. Consolidation and Breakout: If the market consolidates within the 5329-5347 range and breaks out above 5347, it could target the resistances mentioned above. Adding on Strength: Monitor overnight action for potential flagging below 5219 as a possible entry point for adding to long positions. Bear Case Breakdown Signals: A convincing break below 5302 could trigger a deeper retracement, potentially targeting 5272 and lower. Entry Points: Look for a bounce attempt and rejection at 5302, then consider entering a short position around 5300. Remember to manage risk with level-to-level profit-taking. News: Top Stories for May 15th, 2024 📈 Renewed Market Rally: The stock market has experienced a renewed record-setting rally, surprising many of Wall Street's top strategists and prompting revisions of year-end S&P 500 targets. This surge reflects robust confidence in market fundamentals and investor optimism. 🌍 Geopolitical Tensions and Commodity Prices: The death of Iran's President Ebrahim Raisi in a helicopter crash has introduced new uncertainties into the oil market, potentially affecting global oil prices. Concurrently, gold futures have reached new record settlements amid growing geopolitical tensions and rate-cut expectations. 🏦 Federal Reserve's Economic Outlook: The minutes from the Federal Reserve's latest meeting are highly anticipated as they may provide further clarity on the timing of potential rate cuts and reveal the level of consensus among policymakers. This release is crucial for understanding the Fed's future monetary policy direction. 💼 Corporate Earnings Reports: Nvidia's earnings report is particularly significant as it is a key driver of the S&P 500's recent growth. Investors and analysts will be closely watching this report to gauge the health of the tech sector and its impact on broader market trends. 📊 Global Economic Indicators: Recent data releases, such as the CPI report and retail sales data, have fueled speculations of a cooling economy. These indicators are essential for assessing the overall health of the economy and potential shifts in monetary policy.Longby spytradingpro1
Over night fun with ESAll the info you need is in the photo :) I think this will be an over night move and if we pull back into that liquidity before the market opens thats your manipulation phase of the wonder PO3Longby WhoIsOnyxDoeUpdated 0
Sideways to higherThe expectation for Tuesday in the S&P 500 is sideways to higher. However, be cautious on the long side as a potential double top could be forming.01:39by DanGramza223
Nasdaq, DJ and SP500 selling has startedIn my opinion today the market shifted from buying to selling. The shift was mostly obvious in DJ30 but I think all will fall heavily this week. Disclaimer: Not a financial advice. Do your own analysis before investing or tradingShort09:53by MoemenAwadalla0
Small Account Challenge Day 6 Recap - QQQ, COIN, SLV, and GMESorry for the audio issues with my mic, will fix it next time. I had high hopes for today and it delivered. I thought conditions were really good for calls and it played out early on, but I didn't expect such a weak close. I'm wondering if there may be trouble tomorrow, but staying bullish until VX breaks out or ES breaches critical support. Long09:25by AdvancedPlays0
ESM2024 gravitating towards ATH!Look at that beautiful 1/3 ADR at ATH + Previous Week High that is good confluence for us going higher! Also Range +4 STDV there this looks very solid to me! Range deviations + Average Range Levels = 🔥Longby KeclikkUpdated 2
Morning Session REview ES 5-20-24Going over the price action Morning Session ES looking for clues and trying to see how we could have traded the morning session better. Pain + Reflection = Growth. do the hard work. no easy path if you want to be a trader. 01:10by BobbyS8130
ES UpdateLooks like sideways chop, my board is a mixed bag Staying cash for now.by hungry_hippoUpdated 5
Trading Plan for Monday, May 20th, 2024Trading Plan for Monday, May 20th, 2024 Market Sentiment: Bullish, consolidating after a historic rally. Key Supports Immediate Supports: 5309-11 (major), 5302 (major), 5294 Major Supports: 5267-72 (major), 5232-35 (major), 5208-11 (major), 5150-55 (major) Key Resistances Near-term Resistance: 5329, 5333 (major), 5342-5345 (major) Major Resistances: 5375-77 (major), 5404-07 (major) Trading Strategy Consolidation & Pattern Formation: The market is in a post-rally consolidation phase, likely forming a bull flag pattern between 5309 and 5342. Expect choppy trading with potential for breakouts or breakdowns. Long Opportunities: Wait for a test of 5309-11 support, followed by a bounce and reclaim above 5317, as a potential long entry signal. Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, wait for a confirmed breakdown of 5302, then look for an entry around 5300 after a bounce or failed breakdown. Level-to-Level Trading: Focus on scalping profits within the range as the market consolidates. Exercise patience and avoid overtrading in this choppy environment. Bull Case Bull Flag Continuation: The market may continue to fill out the 5309-5342 range, potentially leading to a breakout toward new all-time highs. Target 5359 and 5375-77 in this scenario. Adding on Strength: Monitor overnight action for potential flagging above 5309 and below 5219 as a possible entry point for adding to long positions. Bear Case Breakdown Signals: A breakdown below 5302, with confirmation from a bounce attempt and rejection, would signal a more significant correction. Use caution with breakdown trades as they are prone to traps. News: Top Stories for May 20th, 2024 🇨🇳 Steady Benchmark Lending Rates in China: Amidst ongoing efforts to stabilize the property sector, China's central bank has maintained its benchmark lending rates. This decision follows a series of bold measures aimed at addressing challenges in the property sector, highlighting the delicate balance the government seeks to maintain in its economic policies. 🏦 Federal Reserve's Upcoming Policy Meeting Minutes: Investors are keenly awaiting the release of the minutes from the Federal Reserve's recent policy meeting. This document is expected to provide critical insights into the Fed's economic outlook and future policy directions, influencing market sentiments and investment strategies. 🌐 Geopolitical Tensions and Trade Policies: The global trade environment remains tense as geopolitical issues continue to unfold. Notably, the U.S. President's decision to raise tariffs on Chinese goods has reignited debates over the economic impacts of such tariffs, with potential repercussions for international trade relations and domestic economies. 📉 Global Market Reactions to Mixed Economic Data: As the world economies emit mixed signals, global markets are poised for a potential summertime rally, albeit with an awareness of the risks that could derail such optimism. This scenario underscores the complex interplay of economic indicators and market psychology in shaping investment landscapes. 🏦 Regulatory Adjustments and Financial Sector Implications: Discussions among regulators about reducing proposed capital requirements signify a shift that could enhance the clout of banks. Such regulatory adjustments are crucial as they could affect the stability and operational strategies of financial institutions globally, reflecting broader trends in financial regulation and oversight.Longby spytradingpro1
ES Long IdeaI think ES will see a nice bounce if it retest this trendline it just broke out above.Longby AdvancedPlays0
Quick ES Setup RecapJust a quick entry setup recap in the midst of today. Overall, we are still basing within the range I posted Saturday though. CME_MINI:ES1! CME_MINI:MES1! by ESMorg1
ES UpdateHeh, slept in today Anyways, MFI headed to oversold and all we get is a small dip. Chart seems to be pointing at going long on Monday, so I'll wait until Monday.by hungry_hippoUpdated 116