In this video we will demonstrate how to access the DOM (Depth of market), and place simple trades.
In this video we will show you how to link your AMP Futures trading account with TradingView.
Looks to me like the algos are going for the pump and dump. Gap direction will depend on AAPL earnings though so I'll wait to see what happens. MFI probably hits overbought tomorrow either way
Today's bullish trend is confirmed. the bear market of the past few days has been swept away and volatility is falling again. At the SP/VIX ratio today's candle shows significance and relevance, with a wide body and close on the highs. We go Long with a trickle of gas, up to 5120 points.
Trading Plan for NYSE:ES and AMEX:SPY based on Downtrend and Key Levels Overall Market Context: We are currently in a confirmed downtrend for NYSE:ES and AMEX:SPY since their respective all-time highs. Major resistance sits at 5150, with major support at 5033 and 4965. Trading Strategies: Short Positions: Primary Entry: Look for bearish price action...
Indicators are neutral but MFI rapidly approaching overbought. Quite frankly, I'm bearish on AAPL earnings this afternoon anyways
Trading Plan for Thursday, May 2nd, 2024 Market Sentiment: Uncertain, with bulls holding a precarious position at a critical support level. Key Supports Immediate Supports: 5048-50 (major - note that this trendline rises daily), 5032, 5028 (major) Major Supports: 5010 (major), 4968 (major), 4938-42 (major) Key Resistances Near-term Resistance: 5077-82...
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131...
Last Week : Last week Globex opened inside the Value of 5086 - 4925 Range and right away found buying that started pushing us towards VAH. RTH gave us a push out of Value and holds above brought in more buyers to give us pushes to the Edge and attempts at Previous Ranges VAL/Value area but that move was sold back down towards the Edge and back under 5086 brought...
Going over the FOMC reflecting on the day and our process. looking for clues to how we could have traded the day better. Better than yesterday is our only goal.
After the volatility seen on Wednesday in the S&P 500, the expectation is that Thursday will be a day for the market to catch its breath before labor numbers come out on Friday. This means trading inside Wednesday's range on Thursday.
Last week ES reversed the downtrend and immediately looks bullish. I'm confident buying lows with defined stops. Watch for these 2 potential ideas in the week ahead. Thanks
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 5107/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
Recent price action on S&P futures suggests a potential rollover happening now, particularly after today's sell-off. This downturn began after the index peaked at 5,333.5 on April 1, 2024. Despite this, the upcoming Federal Reserve meeting and forthcoming high-profile earnings reports, such as NVDA's in late May, add layers of uncertainty. Notably, NVDA has...
Track this ICSA, wait for its topping point from a large spike or obvious crashing event, when it reverses for that top, good time to buy for "recovery" play, until we all crash eventually to fix all this BRR printing anyway... we gotta play the printer, JPowel saying "all is ok" while market denies an initial positive sentiment returne to a negative day. Bulls...
multiday short trade on sp500 . Tp at 4700 at the SP/VIX ratio, candle marked a bad bearish shadow, a hypothetical prelude to the formation of a bearish parallel channel. Possible index target 4700 points.
WTF was that? LOL, Powell pump and dump in just one hour. I know I keep saying Fed days always whipsaw, but that was ridiculous. Futures up a little on QCOM earnings, Europe might bounce overnight, sold of hard this morning, more whipsaw. Anyways, it messed up the indicators, so no trading until things go overbought or oversold. Taking the rest of the week off.
RSI hit oversold at close yesterday, MFI still oversold. Guessing we get a Powell pump this afternoon, but watch out for teh whipsaw