We are neutral on S&P futures after the recent drop. It is too early in the week to determine a high probability bias. We have taken out fridays high today (5058), and we might see further retracment to the upside. We are not considering a short bias on the daily chart, unless ESM2024 daily candle body closes below 4984. Until we get more insight troughout the...
The S&P 500 is in the neutral zone trade with a bullish bias. The expectation for Tuesday is for today range trading inside of Monday's range with a higher close.
So many great setups today as I think sellers from last week started buying back into the market. I took a couple of trades today both winners but, there was definitely some money left on the table today. All in all a super technical day.
The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the...
from the sp500/vix ratio it emerges that there is an increase in the relative strength of the stock market compared to the fear index. We could witness a bull market reabsorbing the bearish excess of the month of April
Going over the morning sEssion looking back for clues to what the market was telling us. dont trade someone else's system. critical that we follow our own plan.
NQ and RTY filled the gap from yesterday, but ES still has a small open gap. Also, MFI isn't moving much. I see lots of stuff in the red as well.
Running errands today, staying out.
If daily gap holds then upside targets
*5021.5 then 5026.5-5037.
For downside targets
*4997-4991 and if that fails 4974
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MFI went oversold last night, but there's also an open futures gap. Don't have time to watch the market today so I took the easy money and cashed out. I think it'll double bottom before going up because of the open gap. Guessing TSLA tanks on earnings.
Gold down big caused Brazil (EWZ) to go red. Barely made any money on those calls.
This idea is based on 8:30 ET Breakout candle..
This is Silver Bullet strategy buy a bit more aggressive.
Reason being is that, Previous week was over extended to the downside and expect a retracement bullish short term..
Trading Plan for Monday, April 22nd, 2024
Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial.
Key Supports
Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966
Major Supports: 4958 (major), 4937 (major), 4904-08 (major),...
I'm seeing EWT numbers as high as Fibonacci 1.618 or 5443.75.... However my knowledge of the pivots tells me, we are at just about at S 4.3 5009 and I think the market will raise. to R5 or R6 the normal Pivots cycle from daily lows, S5-S6 where we buy and daily highs R5-R6 where we sell. Kauai Dave's Pivots Traders.
Here are my levels after a few weeks off. Bullish trend was broken with the drop below the upward trendline. Now trading below key emas. Green box represents important support as price pulls back to key fibs and the 200 sma. Watch for outsized move in either direction due to option volatility. Bounce back into the ema cloud or break of support are equally...
This algo and automatic drawing system can indicate that an oversold short term furtures index price can retrace to trend extend levels.
the projection in the algo and short term futures or money network index risk may accumulate according to trend regularity 33, with automatic drawings suggesting a cross.
a bear pullback could look like something as indicated on...
My God. If the SETUP used is correct, technology companies will melt the SPX index.
I won't even write a text explaining why, because no one likes reading.
I will post the bearish pivot combined with a buy trap. What a thing, right?
Supports: 4933 for the moment. Medium-term secondary support (15/20 days): 4742.
I'd better keep quiet. Because things always...
