Last Week : Last week we opened below 5227 - 07.50 HTF Edge but weren't able to hold under it, we got some selling from Edge area back down towards VAH but not strong enough to get inside or break it, for any continuation under we needed to get through it which didn't happen. Once we got back over the Edge on Tuesday and this time held above, we were able to put...
After the break lower in the S&P 500 on Tuesday, the expectation for Wednesday is a rest day as the market waits for additional job information in the latter part of the week.
With individual names blowing up left & right, a new covid varient & margin debt at all time highs, could this finally be the top of one of the greatest bull markets in history?
4/2/24 Global Futures: S&P 500 ES1! Nasdaq 100 NQ1! Dow Jones YM1! Euro Stoxx 50 FESX1! FTSE 100 Z1! China A50 CN1! Nikkei 225 NKD1! DAX FDAX1!
Good evening and I hope you are well. Today bears actually showed up and bulls began the profit taking. Very refreshing to see some two sided trading and not making more ath. I do think for all indexes the selling was strong enough to get another leg down, which then is mostly a third leg or W5 and markets are or will then trade at bigger support prices, trend...
Going over the price action for April 2. going back and in hindsight looking for better entries & exits. what could we have done better and what did we do that was good. great day for learning and growing.
The index gapped lower this morning (following yesterday's bear engulfing bar) and price showed continuation off the open, before finding a bid versus the 5237 LOI. This was a 100% retrace of the FOMC move and the pre-FOMC vPOC. RTH daily candles now show hammers… The main watch for tomorrow will be whether buyers can show follow-through above today’s high.
Primary bull count has us on wave 4 of iii of (iii) of V. Anticipated bottom 5116.25-5199.25 before move back up towards 5450-5550. Primary bear count has top in, (b) of IV complete, (c) would be impulse with bottom expected 2979-3300.
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Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...
Going over the price Action ES trying to listen to what the market is telling us to do.
After Monday's action in the S&P 500, a dramatic lower move would not be expected for Tuesday.
Thursday 28th, 15:45pm candle started the shift in market structure to the downside on a short-term basis and with buyside being tested, the hourly sellside is prone to be attacked next @ 5301.50 - 5301 Taking ES one step at a time as there is a chance for the daily buyside located at 5323 to be swept so I will be updating this post throughout the week. My...
going over the price action ES 4-1-24 looking for clues and trying to listen to what the market is telling us. not imposing our bias.
Good day, I hope you are well and enjoyed the holidays. This is my post from before US Session open today, sorry for posting late here. overall market comment tl;dr monthly update: The following are my very rough guesses what could happen over the next 6 months and why this trend is on it’s last leg Q1 earnings will show weakness and market stops making new...
One of the scenarios we outlined in the Premarket Prep Livestream this morning was the potential for a failed breakout if price slipped below 5322 "From failed moves comes fast moves" and that is exactly what we saw as price made a move to test last week's VPOC. Range trading continues!
Going over the morning Session ES looking for clues and what we could have worked on better. trying to listen to what the market is saying instead of imposing our bias. always know where you'll get out if you're wrong.