$ES minimize riskIF you want to minimize risk (name of the game) and trade before FOMC; wait until we get a pullback into 5,432.50-5422.50. If you're trading a prop firm account you can expect at least a 16 point tick move bounce. Longby SimpleJackTrading0
SPX Hourly Cypher Pattern - Long DrawHello traders, Today, I am releasing my observation of a Cypher pattern on the hourly for ES. I believe another extension wave push-up is due before retracing into previous pattern zones. Among the chart are target areas, entry areas, and a stop loss I will be using for this trade. As always, keep in mind the possibility of this trade failing to materialize. None of this analysis is intended to be used as a financial guideline, or as advice to any individual(s). Thank you all for viewing! best, Richie Shortby FatmanRichardUpdated 1
Prep and Lean 6.12.24ES Trade Plan Inflection: 5366 Upper lvls: 5397-5402 / 5409-5412 / 5433 Lower lvls: 5355 / 5350 / 5340 / 5331 NQ Trade Plan Inflection: 19151 Upper lvls: 19220-19233 / 19279 / 19359 / 19428 / 19472 See yee in the chat and Stay Frosty! 05:49by Beyond_Charts0
Double Account by Adding to Open Positions With Fair Value GapsTeam I've been adding all week to the existing trend with FVGS Once you have a strong profitable position I like to risk unrealized gains by adding tiny more contracts ALWAYS move the stop loss up to secure profits This can quickly grow accountby tradingwarzone0
Your Roadmap Into CPI and the Fed MeetingE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5371.25, up 15.50 NQ, yesterday’s close: Settled at 19,109.75, up 72.00 E-mini S&P and E-mini NQ futures consolidated below their respective record highs set in the post-Nonfarm Payrolls rebound Friday. Given yesterday's lack of additional enthusiasm, today could provide a nice range trade as market participants await tomorrow’s CPI release at 7:30 am CT and the conclusion of the two-day Federal Reserve meeting at 1:00 pm CT, where they release a policy decision, statement, Summary of Economic Projections, and Fed Chair Powell holds a press conference. Internally, yesterday was a mixed session. AAPL finished lower amid its developer conference, NVDA pared losses on its first day of trading the 10:1 stock split, AMD was downgraded, LLY set a fresh record on its Alzheimer’s drug news, financials were lower and energy was higher. As we near the U.S. opening bell, both the E-mini S&P and E-mini NQ futures are flirting at their respective pivot and point of balance. Continued action below 5360-5363.75 in the E-mini S&P ushers a retest of the opening bell low from both Friday and Monday at 5341. Similarly, continued action below 19,067 in the E-mini NQ increases the probability of a test of 18,940-18,982. However, a firm tape within the first 30-60 minutes that holds above our Pivot and point of balance could pave the way for an old-school pre-Fed ramp. Given tame CPI expectations and the dovish-leaning results of the last FOMC meeting, this is certainly in the cards. Bias: Bullish/Neutral Resistance: 5371.25-5375.75**, 5380-5385.50**, 5400-5406.50***, 5420.75**, 5430.50**, 5449.50***, 5459.75***, 5475.75*** Pivot: 5360-6363.75 Support: 5357**, 5348.25-5351.25**, 5339.75-5341**, 5328-5331.25***, 5322**, 5312.50-5316.50***, 5304-5306.50***, 5295.25-5298**, 5286.50-5288*** NQ (June) Resistance: 19,121-19,155***, 19,208**, 19,319-19,322***, 19,414***, 19,507*** Pivot: 19,067 Support: 19,017-19,034**, 18,940-18,982***, 18,854-18,880***, 18,800-18,819**, 18,753-18,756***, 18,701*** Micro Bitcoin (June) Yesterday’s close: Settled at 69,875, up 120 Bias: Neutral Resistance: 68,600-68,850***, 69,755-69,875***, 70,415-70,515**, 71,160**, 71,650-71,890**, 72,635-72,825***, 73,685****, 76,685-77,000*** Pivot: 67,780-68,035**** Support: 66,898-67,030***, 65,995**, 65,067**, 63,236-63,325*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
Bear Trade / E-Mini S&P 500 / US OpenTrade based on price action of bearish trending market. Technical analysis on one hour time frame.02:22by PATGLLC0
Long $ES Risking a close below 5343.75. I like the imbalances we have. CPI/FOMC tomorrow. Longby SimpleJackTrading0
Prep and Lean ES/SPX 6.11.24ES Trade Plan Inflection: 5376 Upper lvls: 5382-5385 / 5397 / 5408-5413 Lower lvls: 5364 / 5355 / 5331 NQ Trade Plan Inflection: 19105-19115 Upper lvls: 19197 / 19220-19233 / 18279 Lower lvls: 19040 / 18988-19005 / 18970 / 18894 Stay Frosty!06:09by Beyond_Charts0
2024-06-10 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Can see a diamond pattern on the 1h tf and the recent triangle we are forming. Market is in breakout mode. The move from bar 36 - 44 was strong but afterwards market was in a weak bull channel above the 15m 20ema. The buying above 5360 was weak and I expect bears to trade back down to 5350 tomorrow. current market cycle: trading range key levels: 5330 - 5385 bull case: In my weekly outlook I was more bullish above 5320 for another leg up to 5500. After today’s price action above 5360, I’m not so sure. If bulls can break above 5380 and the ath 5385, sure they can get it but today’s highs were not bought eagerly. Bulls remain in full control, trading above 15/60 and daily 20ema. Invalidation is below 5350. bear case: Bears see today’s bull channel as a weaker one, which already had 4 pushes to the upper trend line. They want a reversal below the ath tomorrow and test back down to at least 5350 and then the open of this week at 5347. I expect bears to keep the market inside the triangle for most of tomorrow and going into the CPI release. Invalidation is above 5400. short term: neutral inside given range. Bulls would need to break strongly above 5380 for me to go long up here. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged current swing trade: None trade of the day: Long double bottom bar 18 + 36 on bar 39. 15m 20ema held so you could have held into close.by priceactiontds0
ES1! afternoon updateI have been keeping this count alive, with the idea that the price action from the October 2022 low is completing the B wave of an expanded flat. I am looking for the (A) wave to complete its impulse before 5532, after which I'm looking for a correction (B) towards the 4800 level, likely a zigzag. I expect it to be rather volatile.by discobiscuit0
ES.Short Idea Paths Given the negative news and VX strength this morning, I'm automating bearish for the day unless something changes. I'm looking for some short setups as a result, but don't expect anything too crazy before FOMC. I see two options for ES today, a move down towards the 5300 area, but mostly a chopy day. The other scenario is VX really gets moving and ES actually breaks below 5300 in an extended sell off. I don't really see a world where we're bullish today, but I may change my mind if I get new information. It should be either down or chop today.Shortby AdvancedPlays0
Looking for a buying opportunity for the ES minis.🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life! Long01:31by OptionsMastery0
6/9 | $ESWith potential risk from TVC:DXY analysis, I would look for short setups and have a slight bias. We have liquidity at 5329 from last Friday news. Looking at supports around 5306.5 and 5298. If those break, it opens up 50+ points potential. More interested in buying the dips as we are still hovering around ATHs.by StonksSociety0
ES Plan For Monday // Not Financial AdviceWe have both CPI and FOMC this week on Wednesday. As always, we can only take things level to level, and trade the structure and price in front of us. There was lots of price action Friday, but ultimately to go nowhere and remain stuck in the same range. I consider this range to be 5372 to 5342 still, with a couple traps above the zone and below the zone. Everything inside this range you have to trade level to level, or you will lose money. When it breaks, there will be another trend leg…but it may not be until CPI or FOMC. We don’t need to predict when it will break, or how, we just need to take the setups one trade at a time and leave runners for when the breakout does happen. 5355 is first support down from Friday’s close. (Right below it). This is a used up level now, and its always best to wait for it to fail a little below and then reclaim to trap all sellers and give u a nice aggressive move up. Below there is 5342-45 big level again. This level is also in its late stages now, being tested heavily last week. We had a clean test of it on Thursday and a failed breakdown Friday. So typically any test from here on could be the one that cracks it. Below there, we could flush, and I don’t want to be long again until sub 5320. I’d be interested in trying longs near 5313, and if we really drill... 5272. Shorts are not in the picture for me currently as I do not short resistances in bull markets. For me to enter short, id need to see buyers react at 5342 once more though, either a clean direct bounce or a failed breakdown, to drain any final demand from that level and remove the "trapping aspect" from it. After this plays out, I’d consider short 5340. Profit takes are level to level. Do not look for home runs. We could easily just go down 1 level and reverse again. Especially on FOMC week.by ESMorg0
20240607 ESI anticipate bs raid first but not far, after that I anticipate reversal to the downside and move to the DOL TGIF at the bottom of the 4h bisi. It is NFP day so the initial spike in volatility at 8.30 can make way higher initial move to the upside.Shortby Yoo_CoolUpdated 1
The Power Of The 50-Day Moving AverageBuying a breakout can be a challenge especially if you are not used to seeing one. When you look at this chart you can see that the price is near the overbought area on the trend strength. It is this kind of reading that can force someone, or analysts to think the stock market is going to crash, in fact based on this trend strength it is supposed to crash. But what is keeping this market going? who is pumping money into the markets? There is a lot of conspiracy theories, that we can dive into but thats not what this article is about... this article is about technical analysis. Now according to technical analysis, the price is above the 50 MA also, the 200 MA is below the 50 MA, this analysis means this price is in an uptrend. This is called the Rocket Booster Strategy To learn more Rocket Boost this content also, notice that the power of the bulls is very high what colour in the above indicator represents the bull power? That is the key to trend strength. Remember to Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not, please learn risk management.Longby lubosi1
ES this Monday !Back to the VPOC, then it will move through the LVN, then it will go down to 5300. Just my analysis. It is not a sell recommendation.Shortby juanpablomadrid0
ES New All Time High Targets & General OutlookAfter buyers broke us out yesterday, ES is now basing right off the uptrend channel sellers tried to leak us from June 3rd (5370). This is very typically after a trend leg/breakout, as after these play out, longs are risky (due to chasing), shorts are risky (against the trend), so this causes a very high chance of chop the day after. And that's exactly how today is playing out. This is very vital to understand, as MANY traders lose lots of money overtrading after the trend move happens, all because we naturally try to recreate missed opportunity. Don't. We are building a small flag now above 5363. 5375, 5390, 5403 are the next ATH targets whenever buyers are ready. If sellers want to backtest some supports, 5348 is 1st down, then 5342 CME_MINI:ES1! CME_MINI:MES1! by ESMorgUpdated 0
ES1! PM long opportunity using algorithmic levelsToday we'd seen beautiful reaction to algorithmic levels! +1/3 AWR acted as support after yesterday push above it and -1/3 ADR likewise! another confluence was D -M OHLC statistical mapping (tool) and H4 IFVG! ADR is usually TRUE Support & Resistance! and most of the time we can use it within Higher Time Frame context. same goes with OHLC statistical mapping when we are bullish we use -manipulation! combining this with ADR/&AWR can be really helpfull!by Keclikk1
2024-06-06 - a daily price action after hour update - sp500 e-mGood Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and found acceptance at the highs today. current market cycle: trading range key levels: 5320 - 5373 bull case: I think the first time I calculated the 5560 target for sp500 was in February or something. I did not believe we could get there but here we are. If bulls get another break above the current ath and 5400, we can absolutely get there rather sooner than later. Bulls will continue to try buying every dip and it’s just a matter of bears giving up again. Bull trend lines are alive and well and there is no reason for bulls to exit longs. I think they want to keep it above 5350 or bears might think they have a chance. Invalidation is below 5320. bear case: Bears tried and failed, twice. Two-legged moves inside trading ranges are the norm, so everything was in order today for the bulls. Bears are in pain and if bulls can get another strong momentum rally above 5373, we can see capitulation again. If bears manage to somehow break the drawn bull trend line and get strong closes below 5350, we could see 5300. Invalidation is above 5400. short term: Full bull until clear trend-line break and prices below 5350. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged current swing trade: None trade of the day: 5370 was rejected many times today, was good for short scalps. Other than that, very tricky day. Buying bar 49 was reasonable but bar 53 was a very big surprise which got many stops. Losing is part of this game, accept it and make peace with it.Longby priceactiontds0
ES Price action Review 6-5 & Over Night 6-6Going over the price action yesterday and this morning. looking for setups and what our plan is for today. no setup no trade04:13by BobbyS8130
ES1 to $5,500An inverse head and shoulder has been completed, and I will be expecting a price change to around $5,500.Longby Abubakar400