Going over the price action ES morning session. we held our support level and market making new highs on the day. keep looking for buy setups in strong stocks.
Just showing the daily plot, the reason why I'm so reluctant to go long is because there's so much MFI divergence on everything if you look at the daily. NVDA, PCAR (my fav, lol), every index, etc. There's still a chance that the algos pump it Monday to get 3hr and daily RSI into overbought territory. Holding off on any big trade until then. ECB meeting next...
Feels so good to be back home :) now lets get back to business. what an amazing few weeks that i missed. hoped you all made some great decisions.
Stocks are a confirmed buy on harmonics with a confirmed buy but we have a signal of money outflow. SSTIS is a short-term sell with a longer-term buy and a fake bear. 2D MV chart signals a short-term sell and a longer-term buy. MVMF-V is in a bearish territory for now. 2D MV fakeout chart signals a confirmed buy an a non-fake bull. We took full profit recently...
Lets break down some structure and see if we can get clues and areas of interest for this week. Last Week : Last week we opened with a hold and consolidation under VAH of Previous HTF Range which built up enough Supply to give a sell to lower targets at the Mean and VAL, FED Minutes day we consolidated at at VAL with an attempt to break under which failed and...
Market Sentiment: Neutral Trading Plan for Friday Supports to Watch: Immediate Supports: 5093, 5087, 5078-80 (major), 5066, 5058 (major), 5052, 5041-41 (major), 5031, 5028, 5018-22 (major), 5013, 5009, 5004, 4998 (major), 4988 (major), 4976, 4965, 4956-69 (major), 4947. Resistances to Monitor: Key Resistances: 5100-02 (major), 5108, 5113, 5120-24...
Buyers are back in the S&P 500 on Thursday but can they continue with the positive close on Friday which is the expectation.
My indicators aren't telling me shit, but it sure looks like a pump and dump today
Economic data injected liquidity to the market. ES swept yesterday's low and displaced aggressively through the breaker block with 1h FVG making it ICT Unicorn Breaker setup. I will be waiting for retrace to the breaker high to go long and target new all time highs in line with weekly bias and expected extension of weekly candle to the upside off the internal...
2.29.24 This video is about expansion of markets and finding your trade is a buyer or a seller when the price action is not really in sync with a significant pattern. The disparity between significant patterns and price action can be very stressful. Not just that you may be in a good trade and decide that you want to take profits only to realize that you lost...
Good morning everybody, we had some news at 8:30 which lead to that crazy green candle, nothing to do right now just wait for the right set up. We have a supply and resistance from 5095 5099 supply and resistance at 5105, if the price rejected this prices i would like to play shorts. And we have a good support at 5064.
Market Sentiment: Neutral Indian and Global Market Updates Mixed Indian Indices in Early Trading: The BSE Sensex and Nifty oscillated between gains and losses in a volatile morning session, mirroring muted global market cues and today's monthly derivatives expiry. Reliance Industries, Maruti, and Others Lead Gains: Reliance Industries, Maruti, Titan,...
S&P500 Futures ES Priority way on 29.02 - Short These posts are recommendations for building trading ideas for the day. All recommendations are based on personal experience and analysis of incoming market data.
Indicators are neutral before the PCE numbers come out tomorrow. NQ MFI is oversold, and RTY MFI is overbought. No idea which way the market goes tomorrow. Regardless of the numbers, it'd be stupid for the Fed to cut rates this year. They're too stupid to realize that they effectively cut long term rates with their Dot Plot in December. If they had any...
The day structure in the S&P 500 implies a market that is then waiting for the PCE announcement on Thursday. The price structure implies an up move for Thursday.
Some keeps pushing the idea that EWT elliot wave theory isn't related to fib numbers... notice that the Profit Targets ar based on Fibonacchi extension numbers
yesterday we respect the supply zone at 5092 5088, big drop to 5064 wich previously acted as a resistance now its acting as support, there is right now a supply zone 15 min 5078 5076 that the market its currently rejecting lets see how the market act at the oppening. could be playing shorts at that supply or longs on a bounce of the support level.
Trading Plan for Wednesday, February 28, 2024 Market Sentiment: Neutral Supports to Watch: Immediate Supports: 5080, 5074 (major), 5066 (major), 5058, 5044-46 (major), 5028, 5018-22 (major), 5008, 5003 (major), 4998 (major), 4988, 4983, 4975 (major), 4965, 4954-58 (major), 4947, 4933 (major), 4917-20 (major), 4913, 4907 (major). Resistances to Monitor:...