Breakout & RetracementIn overnight action ES gives us another example of retracement after a breakout. don't give in to FOMOby dclemens5610
ES Morning PRice Action REview 4-1-24New Quarter New Goals. going over Price action Overnight ESLong02:43by BobbyS8130
Double Distribution Entry On SP500 [ESM24]LVN entry in-between double distribution of the SP500 . This entry has a 2.51 RR potential with just 10 point SL and 103 points TP. Trade will be executed on both ESM24 and MESM24. Most ideal place for and early exit or TP1 would be the top of the VRVP If trade fails and price gaps down through the Low volume area, then the next potential good entry will be around the POC of the lower distribution at 5285.25. If that fails as well, then the chance for a bigger dump down to the next LVN below goes up. Longby ExoProtocol0
ES: will the bottom half of the year see turmoil?So far, S&P 500 is playing out the way it should. Wave 3 of 3 of 3 should be nearly complete. It can top out here or can hit 5400- 5450 before the minute wave 4 correction. End of April and early May should see the minor degree wave 4 correction that could bring a decent 5% to 7% downturn. But, the big one could be in the bottom half of the year. depending on where things get topped out for primary wave 3, we could see a near recession or even a slight recession style 18% to 25% downturn that could last up to a year. It will be really interesting to see how rate cuts play into the narrative and how the crypto markets react during this downturn. If we are indeed in a massive ending diagonal pattern to end the super cycle for S&P 500, then we should see another all time high after the big correction that could take things to 7000 to 7200 before heading into the lost decade. My guess is late 2026. We shall see....Longby mukit1221
Weekly Review ES Price ActionGoing over the weekly Price Action ES and what are plan is going into the 1st week of April with NFP on this upcoming Friday. 06:02by BobbyS8130
ES 4H AnalysisNYSE:ES is currently stronger than NQ, consistently making higher highs and higher lows. Typically, after each high and low, ES retraces within that range, finds more buyers, and continues the trend. At present, we haven't retested the previous higher high at 5257, so I'm not interested in longs until we have a defined retest of the prior higher high, or zones below it within the bullish structure. If we surpass 5322 and maintain it as support, this could present favorable long opportunities.Longby AmpedTrading3
LEARN MARKET PROFILE WITH NEW TPO CHARTSThe newish TPO charts are a great representation of the thory of Market Profile. TPO charts give you an idea of when buyers are stepping in and when a move up or down is running out of steam. Here is my take on last week's ES and how I will go into Monday. Since the spike on 3/20 Fed meeting, the market has been in a balance from 5322.75 down to 5263 and all of last week occured in this range, establishing an inside week. When using Market Profile methodology, inside days (or weeks) are like a spring and when it breaks out in either direction its an actionable event. The charts are telling me the way we are going is up and I'll explain why. Within this chart we have three spikes, which are telling when viewed through the context of Market Profile. A "spike" is a move at the end of the day that doesnt have enough time to establish itself as an accepted level or not. When a market trades for two periods at one price level it is considered "acceptance" and infers that the market participants have agreed on that level as a fair price. In terms of spikes, this acceptance or rejection of price levels happens the next day. The 3/20 spike up was accepted on 3/21 and prices have not returned to below the spike since. In fact, we had a chance to go down when we spiked lower on Tuesday the 26th. The next day we traded in the spike for a while so there was a chance at acceptance. But it never filled the spike and in fact went above it. When the price moves away from the spike the level is rejected. The move above the spike base is rejection and a buy signal. After this rejection on the 27th we had a spike up as demand was strong in the afternoon. Thursday the 28th we accepted the spike, signifying fair value at the higher levels. Going into Monday, we have accepted prices near the all time highs and we are primed to break out of the inside week. As time accrues at the higher levels the base continues to be strengthened. If we break above the old high and stay up there for multiple periods, it's bullish and we should look for range extension to the upside. Many traders are not familiar with Market Profile or TPO charts, but now that they are officially on Tradingview, give them a chance. I think they have a lot of value. They don't tell always tell you exactly when to trade but they improve your knowledge of the structure of the market. I am planning on putting up charts and observations from time to time on here, so if you are looking to learn Market Profile give me a follow or visit my website. I welcome feedback or if you just want to connect and share ideas. Longby TrendDayTradingUpdated 1
S&P500 Analysis of June contracts , Monthly buyside liquidity has been taken in past weeks . Daily FVG is still holding the bullish scenario. number of news events occuring this week will keep the market volatile.by athwalamrit19940
ES1! morning updateBull vs. bear counts for ES1!. Bull count has ES1! in wave 5 of 3 of 3 of 3 of 5. Wave 5 should (or has already) complete below 5443.75, with expected pullback towards 5100-5200 area. Bear count has ES1! in wave 5 of C of Y of B, with market top below 5443.75 and wave C of primary wave 4 incoming (bottom projected below October 2022 low, above 3000).by discobiscuit0
Expanded Flat Consolidation Fun little thesis i denoted with fib extensions that would lead us up to november election by juicy6420
Trading Plan for Monday, April 1st, 2024Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major), 5245-47 (major), 5234, 5230, 5222 (major), 5217, 5212 (major), 5207, 5202, 5186-5191 (major), 5176, 5165-67 (major). Resistances to Monitor: Key Resistances: 5311, 5316 (major), 5321, 5326, 5329-30 (major), 5337, 5342, 5347 (major), 5351, 5355, 5358 (major), 5362, 5372, 5382 (major), 5389, 5396-5400 (major), 5407 (major), 5412, 5425, 5430, 5435-38 (major), 5445, 5451 (major) Trading Strategy: Price Discovery: After the long weekend, anticipate market moves as price discovery unfolds. Prioritize patience and focus on reacting to price action rather than predicting. Consolidation Range: Be aware that the 5300-5320 zone is a new consolidation range, likely to see choppy price action. Overtrading in this zone can be detrimental. Long Opportunities: Exercise caution with long entries over the weekend. If 5299-5302 is retested, consider bids, or, for additional confirmation, wait for the failed breakdown setup (below overnight and daily lows, then reclaim) Below that, only the major levels are of interest for longs. Short Opportunities: Counter-trend shorting on strength carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Bull Case Support Holds: As long as supports like 5299-5302 hold, bulls maintain short-term control. Range Trading: ES could consolidate within the 5302-5320 range, potentially ping-ponging within it. Breakout Continuation: A decisive break and hold above 5320 could lead to a surge towards 5329-30, then 5347. Reclaims of 5307 are areas to potentially add to longs, with disciplined profit-taking. Bear Case Breakdown Signals: Breakdown below 5299-5302 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 29th, 2024 Global Humanitarian Crises: Focus on the UNHCR appeal for aid for South Sudanese refugees, the ICJ measures for Israel, the humanitarian situation in Haiti, and the youth mobilization around the UN Summit of the Future. Climate Change Impacts: Examine the effects of climate change on Nepal's biodiversity and the resilience of communities in Madagascar despite gender-based violence. Economic Updates: Analyze the latest inflation data from the Fed's preferred PCE price index, Huawei's financial results, and Syngenta's cancellation of its Chinese IPO. Fed Policy Outlook: Consider Fed Chair Powell's commentary and the impact of the LEI on potential economic growth and the Fed's approach to interest rates. Market Sentiment: Assess market volatility surrounding the PCE report and potential risks. Remember: The market is undergoing price discovery. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.by spytradingpro0
Bullish bias cautious structureThe bias for the S&P 500 remains bullish. However, the price structure as the market finish trading for the week is potentially bearish as discussed in the video. Although will be closed on Friday it will be interesting to see how the market reacts to fundamental information on Friday when it opens again 5 o'clock Chicago time Sunday night. 02:43by DanGramza113
a daily price action after hour update - sp500Good evening and i hope you are well. sp500 e-mini futures bull case: Bulls got the more up but barely. The high today was 3 points below the ath and that qualifies as a double top. Do we trade down from here? I don’t know. If bulls can keep it above 5300, it’s as bullish as it gets. Many support lines below on the chart and bears not doing enough to make bulls take profit. If bulls can close this quarter at the highs again, consider me dumbstruck again. bear case: Pullback was shallow as expected. Unexpected was the selloff into the close again. My thesis was, this is profit taking end of quarter and i expect more trading range price action tomorrow. If the low probability case happens and we see bigger profit taking, it could actually become a big pullback from near the ath. But i will only look for shorts when we close a 1h big red candle below 5300. short term: Neutral going into last trading dax of the quarter. Absolutely everything is on the table for tomorrow, from melt up 5400 to big profit taking to 5280. medium-long term: Below 5200 i keep my bearish thesis as drawn (weekly outlook). above we can go much higher before down. we could also range above 5000 for many months without going nowhere. I expect earnings to become weak in this quarter but could take next one as well. —unchanged trade of the day: Buy near 5300 and sell above 5312 , worked since yesterday late in US session.by priceactiontds220
AMDX OR XAMDThe market can be viewed in cycles. A- Accumulation M- Manipulation D- Distribution x- R/C reversal or contiuation then it repeats.by dclemens5610
ES Morning Session REview 3-28-24Going over the price action Morning Session. we are breaking higher out of our flag but not many A+ trade setups. lowering Risk and considering calling it a day early. 00:57by BobbyS8130
ES updateInflation numbers tomorrow, MFI will go overbought Monday regardless of which way it gaps. Staying cash for now, since I missed the big pump yesterday afternoon.by hungry_hippo227
Trading Plan for Thursday, March 28th, 2024Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major), 5178-76 (major), 5171, 5165 (major), 5155-58 (major), 5147, 5143, 5136, 5123-26 (major). Resistances to Monitor: Key Resistances: 5311, 5316 (major), 5320, 5326, 5336, 5342 (major), 5346, 5351 (major), 5360, 5364, 5372 (major), 5380-83 (major), 5388, 5395, 5403 (major), 5413, 5425-30 (major), 5445 (major) Trading Strategy: Price Discovery: After a strong surge, the market is in price discovery mode. Prioritize patience and focus on reacting to price action rather than predicting. Long Opportunities: Exercise caution with after-hours long entries: prioritize profit preservation on your existing long runner. Consider bids at 5296-5299 for a backtest, or, for additional confirmation, wait for the 5274-70 zone to be tested and reclaimed. Below that, only the major levels are of interest for longs. Short Opportunities: Counter-trend shorting on strength after a strong move carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Bull Case Support Holds: As long as supports like 5299-96 and the crucial 5274-70 zone hold, bulls maintain short-term control. Breakout Continuation: A decisive hold and test of 5299-96 could lead to a surge towards 5316, 5320, 5326, with 5342 as the first major target. Bear Case Breakdown Signals: Breakdown below 5267-70 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 28th, 2024 U.S. Economy Outlook: Analysts provide insights on the U.S. economy's resilience, potential for soft landing, and the Fed's possible rate adjustments in late 2024. Stock Market Performance: The S&P 500's recent gains, fueled by strong corporate earnings and optimistic investor sentiment. Global Economic Updates: Updates on the economic conditions of the Eurozone, the U.K., and emerging markets, including growth projections from Vanguard. Corporate Earnings Updates: Focus on financial results and guidance from companies like Sharecare, Janover Inc., and Medigene AG. Stock Market Trends: Wall Street's positive reaction to the Fed's recent dovish comments and expectations for continued market gains. Review Indian equity market performance. F&O Ban List: Securities facing F&O ban and their potential impact on trading activity. Market Forecasts: Analyze market sentiment, gold and Bitcoin price trends, and potential cybersecurity investments. Remember: The market is undergoing price discovery. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.by spytradingpro0
ES Morning Price Action rEview 3-28-24Going over the Price Action Overnight. looking for clues and laying out a plan for the day. 03:05by BobbyS8130
ES - Ying YangDollar index correlation with ES does not hold the same weight as euro and cable but occasionally, when Dollar rallies, ES struggles to trend upwards. 5285 highest FVG displacement is me going for a lowest hanging fruit with 5287.25 being my overall target for the week. 5311.75 intermediate term highs is where I will draw the boundaries with my short bias. I expect 5285 to be met before (if any) retracement to 5311.75 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN Shortby LegendSinceUpdated 0
Getting ready for the holidayHow the S&P 500 futures market finishes on Thursday will provide us with clues about the level of confidence from buyers as we go into additional information on Friday when the markets going to be closed and into a holiday weekend.02:34by DanGramza2
ES Day Price Action Review 3-27-24Going over the price action ES for WEdnesday. what clues is the market leaving for us and how are we positioning for the next moves. 05:20by BobbyS8130
$spx geometric progressionpotential geometric progression for $spx since 2009 rally with flat 2018/2020 as mid pointLongby LotusTrading20Updated 115
New Trade on SP500 Using Same StrategyHere is an example of a trade setup with this system that I am taking. It took 4 days for market to enter trade alert zone at 50% retracement level. Market open 6:00p EST check charts found trade setup. buy 5266 stop 5230 This is not financial advice and remember always use risk management! Trade Well, CliffordLongby TradeTheIndexUpdated 221