ES divergencyES show a huge accumulative divergence with the RSI and the MACD at daily chart, at this moment of FOMO every bearish strategy will be wrong because all the people are betting to the upside move.... Just looking out the market...by Manzanex0
3/8 Friday Trading PlanTrading Plan for Friday Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5155 (major), 5146, 5140, 5133 (major), 5125 (major), 5118, 5113, 5106 (major), 5101, 5088-92 (major), 5084, 5073, 5065, 5057-60 (major), 5052, 5046, 5040, 5032-29 (major), 5022, 5018, 5013 (Major), 4998-5000 (major), 4994, 4987, 4983 (major), 4976, 4965-70 (major). Resistances to Monitor: Key Resistances: 5155-58 (major), 5167, 5175, 5190 (major), 5197-5200, 5209 (major), 5217, 5229-32 (major), 5243, 5254, 5262-65 (major), 5272 (major), 5282, 5287 (major), 5300 (major), 5308, 5316 (major), 5331, 5344 (major). Trading Strategy: Capital Preservation Friday: Prioritize capital protection ahead of aggressive positions. Limit risk exposure to 20% of previous gains. Cautious Longs: Focus on potential longs at 5155, 5133, 5125, and particularly 5106. Look for bounces or reclaims of support levels for long entries. NFP Volatility: Anticipate heightened volatility and potential traps in the 30 minutes following the NFP data release at 8:30 AM. Approach with caution. Bull Case: Trend Continuation: Bulls remain in control on longer time frames. A successful defense of the 5155 level and ideally, the 5133 support, would pave the way for a base-building pattern below 5170 before retesting 5190 and the macro magnet levels above. Adding on Strength: Monitor for potential bull flags above 5150 or failed breakdowns of flag supports for long entries. Bear Case: Breakdown Signals: A breakdown below 5146 may signal a move down the levels. Watch for failed breakdown setups and bounces before considering short positions. In Summary: The trend remains bullish, but increased volatility and NFP release require a cautious approach. Focus on capital preservation, targeting potential longs at key support levels. News: Top Stories for March 8, 2024 Stock Market Strength: The S&P 500 continues to reach new all-time highs. AI Stocks Drive Tech Sector: AI-focused companies, particularly Nvidia, have spurred growth in the technology sector. Federal Reserve Policy: The Fed held interest rates steady at its last meeting and plans to maintain them at current levels ahead of the March 20 meeting. Rate cut expectations are rising for later in 2024. Indian Economic Outlook: Moody's raises India's economic growth forecast to 8% for FY24, citing strong domestic demand and government spending. The Reserve Bank of India governor also anticipates GDP growth near 8%. Global Outlook: J.P. Morgan economists expect the global economy to avoid recession despite monetary tightening, but they predict an end to global expansion in mid-2025. Inflation and Currencies: US inflation, measured by the CPI, rose more than expected in January. Sterling climbed to its highest since August, bolstered by potential rate cut expectations for the ECB and Fed. Other Highlights UK-India free trade agreement faces potential delays. Crude oil prices declined slightly, and gold prices increased. Bitcoin's rally is attributed to its limited supply. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.by spytradingpro0
Going Over Price Action OVernight ESgoing over the ES Overnight Price Action. we're not seeing much to do as NFP will be out at 830. we are NOT fading the trend unless we get some weakness. still looking for buy setups and FBD's & FBO's. taking it mostly easy today. 02:26by BobbyS8130
Combined US indexes suggest a cotinued over-extensionThe Combined US indexes are clearly in bearish divergence, as previously described. However, it appears that there is a thin underlying technical and funding support to push this index(es) into the Fibonacci target over the next couple of weeks till the end of April. A trajectory of the expected retrace to run scenario is drawn in light yellow, to the upside target where the green ellipse is. Watch for breakdowns below supports and no recovery. Otherwise, this looks unbelievable, but it is a sucker's rally really. Tread and trade with caution... Longby Auguraltrader2
#ES_F Day Trading Prep Week 03.03.24 - 03.08.24Last week - we were able to consolidate inside the Edge that we broke out of and get a squeeze for another test of upper VAL and a push inside Value. We were able to reach the Mean but no continuation through it towards next Key Resistance and a sell back under end of Day. Going into this week are inside a new ranges Value and our goal is to see IF more buying comes in to try to take out Current high to test next Key Area at 5159.25 - 54.25 and try to go above it ? IF we accept here and start balancing within new current range of 5154.25 - 5112.50 or IF stronger selling comes in to takes us back under VAL back inside Previous range ? We have built up a good amount of stops inside a T2 Range at the lower Edge which took a week to build, if we start holding under 5140 - 5125 - 5112.50 that could bring in Weakness to try and take lower Stops. We would need a strong bid to take out current upper Stops and build above them to try and accept over next Key Resistance. If no strong selling comes in then we could start balancing in current range. Levels to Watch : Current Resistance 5144 - 5140.25 // Key Resistance 5159.25 - 54.25 Levels Above : 5174.25 - 5188.25 // 5188.25 - 84.50 Current Support 5129 - 25 ? Untested // Key Support 5112.50 - 07.50 Levels Below 5095.50 - 92.50 // 5081 - 77.75 Key Support 5066.50 - 60.75by HollowMnUpdated 222
Decoding Market Signals: The Head and Shoulders Pattern Good morning seasoned traders, Ever heard of the Head and Shoulders pattern? Well, depending on which study you consult, it's said to play out between 50-81% of the time. Quite the range, right? But some reliable sources swear by that impressive 81% success rate. Now, let's take a peek at the ES chart. Can you spot what I'm seeing? Yep, potentially a Head and Shoulders formation in the making. I mentioned yesterday that if we faced rejection around 5125 (and boy, did we overshoot!), we might be eyeing the 5000 level in the coming days or weeks. I get it, it's tough to wrap your head around, especially after riding the glorious bull trend for so long. But hey, consider this a cautionary sign worth keeping in your arsenal. Lately, index heavyweights have been dragging their feet, underperforming for weeks on end. And if this trend persists, well, you can guess what might happen. Remember when hedge funds bailed on Mag7 back in early Feb? Yeah, they're not rushing back just because there's a modest discount on the table. They'll hold out for a better deal. As we hover around the Value Area, dangerously close to POC, the bulls are desperately trying to salvage this trend. But let's face it, the next significant support is lurking around 4960-80. Not too far, huh? But enough to wipe out all those short and mid-term calls. Mark my words, it's never a straight line. So brace yourselves for a choppy ride over the next 5-6 days. It took nearly a week to carve out a left shoulder. Give it another 6 days for the right one, and we could be chopping till March 12th before waving the white flag. Now, I'm not saying this is our base case scenario, but hey, risk management is the name of the game. Keep that in mind as you navigate these choppy waters.Shortby Leree123Updated 0
ES Monthly UpdateNever in the history of the Fed has the chairman been stupid enough to talk about rate cuts when the stock market is at an all time high. www.cnbc.com Powell is an unbelievable moron who's going to cause rebound inflation by pumping the market. I'm no longer bearish because I realized today that all of the central bank chairs are morons. (The ECB meeting was today) Anyways, back to the chart.... it's a monthly chart. I expect it to go overbought. Potential upper target is the green arrow. BTFD, be careful if you decide to short anything this year.by hungry_hippo5513
ES UpdateWell ECB meeting happened, market green. Looks like it can go further tomorrow on Ponzi Friday. CPI numbers Tuesday, will look at buying puts on Monday.by hungry_hippoUpdated 2212
ES SP500 LONGThursdays Daily candle displaced and closed strongly above Wednesdays high and the fractal swing high from last week. DOL is the PDH. I want to see H1 bullish arrays respected to then look for M5 bullish displacement entry. NFP volatility tomorrow will surely impact whether or not this idea works out or not.Longby Tradius_Trades1
Will there be confidence going into the weekendWill the S&P 500 demonstrate confidence with a positive close above Thursday's high as we go into the weekend. The expectation is for a higher close on Friday.01:28by DanGramza1
Reviewing ES price action Thurs Mar 7Going over the price action ES watching for clues and trying to listen to what the market is telling us. took some paper cuts today. bot NVDA TSM GFS LVS META. replay today as it was a great day to replay.02:22by BobbyS8130
S&P 500 approaches key resistance at 5165Watch This Resistance Level on the S&P 500 ( ES Futures ). ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.by CryptoTrend-Alerts2
RTH Morning Price Action Review ESGoing over the RTH Morning Price Action ES. trying to decipher the clues and make some good decisions. don't fight the trend and still looking for buy setups but we are in the chop session and starting to see signs of topping patterns.01:08by BobbyS8130
ABCD Pattern Completion E-Mini S&P500 ShortLooking for correction on ESH24 after ABCD completionShort01:01by EconomicAlpha112
03/07 Pre market planGood morning guys, we have this morning the market keeping the rally from yesterday. The price bounced 5090 and its finding some resistance at 5136, we need to be carefull right now, we dont want to get trapped in a bad trade, be patient and just let the market tell you what is going on. If we cant go through this 5136 maybe we gonna see a good sell off by SrSovi0
OverNight ES Price Action REviewGoing over the price action ES over NIght. watching for clues. getting our plan put together. looking to buy the strong and sell the weak. on setups. follow your own plan. dial it in and OWN your trades. that's our goal for today. 02:31by BobbyS8130
3/7 Thursday Trading PlanTrading Plan for Thursday Market Sentiment: Neutral Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5100, 5093 (major), 5087, 5082-79 (major), 5078, 5070-73, 5058-60, 5052, 5045 (major), 5033-36 (major), 5028, 5018-20 (major), 5013, 5008 (major), 4998 (major), 4988, 4978, 4969, 4965-63 (major). Resistances to Monitor: Key Resistances: 5108 (major), 5112, 5121 (major), 5126, 5130-33 (major), 5140 (major), 5146, 5154, 5163, 5171 (major), 5182 (major), 5195, 5203-5206 (major), 5216, 5223, 5228 (major), 5235, 5240 (major), 5247, 5258-61 (major). Trading Strategy: Range-Bound Market: Trade with caution within the newly established range between 5093 and 5130-33. Exercise discipline and focus on key levels for potential trades. Long Opportunities: Look for potential long entries at 5108 (if back-tested), 5093, or on a failed breakdown of today's lows (5099-5100). If 5093 fails, aim for longs only at major supports; consider a failed breakdown of yesterday's low (5063) as a possible trade setup. Short Opportunities: Selling opportunities may emerge at the 5130 level if resistance holds. As always, avoid shorting green candles. Bull Case: Short-Term Focus: Bulls maintain control on higher timeframes. Failure of 5033-36 would signal the first step towards a trend shift. Focus on the immediate term; holding above 5093 allows for a base-building pattern between 5093 and 5130, with upside targets of 5140, 5146, and ultimately 5180. Bear Case: Breakdown Signals: Loss of 5093 raises caution, particularly if the 5079-83 support fails, triggering a deeper selloff. Exercise caution with breakdown trades and wait for clear signals. In Summary: The trend remains bullish, but increased volatility warrants a cautious approach. Pay close attention to the 5093 and 5130-33 levels. A breach of 5093 opens up opportunities for deeper retracements. News: Top Stories for March 7, 2024 Stock Market Rally Continues: The S&P 500 saw a strong February with a 5.34% gain and maintains a YTD total return of 7.11%. Investor confidence in the Federal Reserve's potential for a soft landing remains high. Recent earnings reports continue to surpass expectations. Federal Reserve Policy Shifts: Strong economic data may lead the Fed to postpone interest rate cuts previously expected to begin in March. Although Fed Chair Jerome Powell suggests the Fed's policy rate is likely at its peak, potential rate cuts may only materialize later this year. Economic Outlook: While FOMC officials are not anticipating a recession, they project a significant slowdown in the U.S GDP growth in 2024. The technology sector, with a particular emphasis on AI companies like Nvidia, continues to demonstrate robust earnings growth. Global Market Developments: China reduces a key interest rate to stimulate its property sector. Asian markets show mixed performance, with Japan's Nikkei reaching notable highs. Corporate and Banking Highlights: New York Community Bank receives a $1 billion investment from entities including former Treasury Secretary Steven Mnuchin's company. Lufthansa reinstates dividends on the back of increased profits. WuXi Companies' shares experience a decline amidst renewed U.S. sanction concerns. Cryptocurrency Trends: Bitcoin's price surge is linked to its limited supply. Regulatory Updates: The SEC approves a revised climate disclosure rule, easing requirements for companies to report certain emissions. Investing Insights: Analysts from JPMorgan, Fidelity, and Morningstar offer perspectives on economic growth, inflation, corporate profits, and stock market valuations, emphasizing that despite potential economic slowdown, opportunities exist for investors across various asset classes. Other Major Developments: RBI takes action against Paytm Payments Bank in India. AstraZeneca announces a £200 million expansion investment in Cambridge, UK.by spytradingpro0
Nice levels. ES providing simple levels in this region. Support. 1. 5060. 2. 4959. Resistance. 1. 5123. by Spyoptions5000
Market waiting for information.With continued fundamental information expected on Thursday and Friday, the market is waiting for continuing fundamental information to support a directional move.02:00by DanGramza1
ES updateIndicators are neutral, the big news tomorrow is ECB meeting premarket. Bunch of retailers reporting earnings this afternoon as well, but ECB will have a bigger impact. Inflation numbers Tuesday, I think I'd rather bet on that than the ECB. I'm still bearish, but ou have to have good timing to make any money shorting anything.by hungry_hippoUpdated 226
ES price Action Review wed 3-6-24Going over the price action for ES March 6. gathering clues to what we should have done. going over our morning game plan and how it turned out. very difficult day today. technically challenging. rest and spend some time with loved ones. We battle tomorrow. 02:42by BobbyS8130
Bears react to stock market climbBears have been so wrong this whole rally. They are busy soothing their anti-America bias, and don't understand the basics of money flows or monetary principles in a credit-based system. They call for crashes based on feelings, every dip is going to be a crash, market narrowing is seen as risk. They start from their preconceived notion of how the market should behave and work backwards to explain why it is not behaving that way. Instead, they should concentrate on what is making it behave the way it is, and then work forward building out a theory. In a pre-recession period like today, money creation and flow gets narrowed due to shrinking profitable places to employ your capital. Instead of hiring a new employee, or expanding your business with more products or equipment, for which to would need to take on more debt and service that debt, you instead put any extra money into savings/retirement. On a personal level that also includes home renovations, big ticket items, etc. In most cases, this will either go into a typical 60/40 split, and some will go to other safe haven assets like gold or bitcoin. Of what goes to the stock market as passive investment, it will be apportioned by market cap share. Therefore, the largest stocks will benefit most. In this pre-recession period, the general trends will be higher narrower stock performance, higher bond prices, and higher bitcoin prices.by AnselLindner222
03/06 PRE MARKET PLANGood morning everybody, i was off this days, having some time with my girlfriend. Back to the markets the prices has being falling since monday, yesterday we saw that perfect bounce on 5071 5064 demand. now we have a level where sellers appeared yesterday here at 5118. Lets see how the market react to it. Above that honestly i dont have anything right now.by SrSovi0