PO3 Set up, hoping for price to deliver quickly to our targets. Looking to see price pass previous daily high but also keeping in mind upcoming FOMC talks that may effect the sentiment.
E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 5331.75, up 4.50
NQ, yesterday’s close: Settled at 18,763.00, up 127.75
Tech started the week off strongly with E-mini NQ futures notching a gain of +0.7% to the E-mini Dow’s loss of -0.5%. Chips led with usual suspects like NVDA and MU having banner sessions and the Semiconductor...
All the info you need is in the photo :) I think this will be an over night move and if we pull back into that liquidity before the market opens thats your manipulation phase of the wonder PO3
In my opinion today the market shifted from buying to selling. The shift was mostly obvious in DJ30 but I think all will fall heavily this week.
Disclaimer: Not a financial advice. Do your own analysis before investing or trading
Sorry for the audio issues with my mic, will fix it next time.
I had high hopes for today and it delivered. I thought conditions were really good for calls and it played out early on, but I didn't expect such a weak close. I'm wondering if there may be trouble tomorrow, but staying bullish until VX breaks out or ES breaches critical support.
Look at that beautiful 1/3 ADR at ATH + Previous Week High that is good confluence for us going higher! Also Range +4 STDV there this looks very solid to me! Range deviations + Average Range Levels = 🔥
Going over the price action Morning Session ES looking for clues and trying to see how we could have traded the morning session better. Pain + Reflection = Growth. do the hard work. no easy path if you want to be a trader.
Just a quick entry setup recap in the midst of today. Overall, we are still basing within the range I posted Saturday though. CME_MINI:ES1! CME_MINI:MES1!
With 4 consecutive weeks of straight bullish price action, what would it take to slow down this bullet train?
I mean, it could go up forever but markets move in waves of fractals and retracement is perfectly healthy in a macro bull market.
The S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market.
My intuition says...
Last week, we were expecting a dip and rip. That is exactly what we got! However we dipped a bit less than expected, hence why I never alerted a big buy signal. Missed the easy move to new all time highs.
On Friday, we saw end of day strength, creating a few gaps of interest below. Lower time frame areas of interest around 5317 and 5310 looking for support. If...
Long, trap for buyers coming soon. Overall market been oversold for years when will we dig deeper is the questions for me every quarter... a broken clock has to be right at least once ??
