Shark harmonic complete. Down soon?Looking for significant correction to occur here. theres a bit of wiggle room it can go up a bit further, as the shark is not technically complete on the spx, only the futures. Bearish divergences in the indicators are apparent as well. Shortby MikeMM6
#ES_F Day Trading Prep For Friday 1.26.24 and or Next WeekAre we finally finding our top or do we have more juice to squeeze ? Lets check the price action and structure over last few days for our clues. Yesterday we tested a Key Edge of the new range that we have accepted in when we broke out of 4839-29 Resistance. First test smart longs of course took profits as that is perfect area to unload size and we got a sell back down to VAH, whoever didn't get out got left holding the potato. Last night Globex spent all night cleaning and accumulating Supply at the top of VAH, morning Data gave us the push towards the Edge but this time selling came in right from 4925 and was strong enough for another push to VAH. Globex Cost Basis held and we got short covering bounce back to the Edge again PING PONG right! Got to love mechanical markets ran by algos, easy to look at it after its all set and done a bit different to trade. So our question right now is are we finally trapping size longs here for a possible short term or longer term who knows? Top and we can see a nice trade back towards VAH and maybe the MEAN or do we have more buying that can get us over 4920-25 and hold keep us there? I am leaning towards a move to VAH and if bottom Cost Basis breaks we can see how much candy falls out. Downside would be invalidated with a move over 4920-25. Downside Triggers or possible safe areas to look for entries are 4910-7.50-4 Targets under 4892-88 If Breaks 4875-69 KEY Support, if breaks can see more selling. Lets see if the move can happen tonight/tomorrow or if it will take its time and will play out next week, HAVE to break and accept under levels for any continuation. Shortby HollowMnUpdated 3
mark summer 25' in your calender and look for reasons to sellMany longterm charts in quarterly timeframe, Indexes and individual names, ending trends in summer 25'. For AMEX:SPY it is end of June. I dont say that we will crash immediately but be aware of that timeframe, I hope it gets you an advantage of the market, as Time @ Mode predicted many trends insanely in advance Longby TiMMiT0
NFP tomorrow GOING TO BE BIG RANGE DAYI have a volume imbalance shaded in purple at the top i think price will use those prices points tomorrow, and i have a FVG shaded at the time of the news release at 8:30am EST i think it will drop down into the red line is the mid point of FVGby Courtlandxx1
ES breaks 5000 by end of day tomorrow!!! Based on the extreme Bullish trend in the Future market lately, combined with the 3 major econ news releases this week. If the market was going to shift and start making a season adjustment. I feel it would have happened this week, but we're still bullish. Price has created a huge bullish order block. So expect the algo will use the 2 major news announcements tomorrow to push the market above 5000. by dclemens561111
Buyers returnedBuyers returned in the S&P 500 on Thursday but can they follow through and give a positive close on Friday. The price structure implies that is what's expected.02:18by DanGramza1
a daily price action after hour update - sp500 e-miniGood evening and i hope you are well. Today markets bounced where i expected them and bears did not get the follow through they needed. Here is my quote on that from yesterdays after hour update: But the more probable scenario is that bears will get disappointed tomorrow and we range more days at the highs. And that brings us to, what’s next? Big up, big down, big confusion. Trading range. But i do think that sp500 is the only big us index that did not make a new ath compared to the dow and nasdaq and all my bullish targets lead to a new one above 5000. So my bias continues to be bullish. bull case: I mentioned the odds of bears getting follow through were low and that’s why the sp500 rallied 60+ points today. Market closed exactly at the high of the day and after hours pump continues after earnings report. Maybe Apple misses and market gives some back but who bets on that? So i lean heavily bullish into tomorrow for 5000. bear case: Hard to make it tbh. Best bears can hope for is a continuation of the range between 4860 to 4960. short term: Sideways to up - my target of 5000 is still valid. medium-long term: Down - what would change that? Two consecutive daily closes above 5100. Adding to long term shorts here at the highs. trade of the day: Buying the double bottom bar 2 + 11 and hold. Good for 60 points and after hours another 15.Longby priceactiontds0
2024.02.01 ES st longI anticipate initial move downside (even new lows of the day) => reversal around 10am news event. => move to the upside to the new high of the day. Longby Yoo_CoolUpdated 0
2/1 Thursday Trading Plan📊 Market Sentiment: Bearish Federal Reserve's Rate Decision: The Fed's decision to maintain interest rates influences market expectations and strategies. Economic Slowdown Concerns: Predicted slower growth rate impacts market dynamics. Tech Giants' Earnings: Influence of Microsoft, Alphabet, and other tech companies on market sentiment. 📝 Today's Recap: Strong U.S. Economy: Growth defies recession fears but is tempered by the Fed's cautious stance. China's Financial Challenges: Market impacts of China's economic difficulties. Corporate Earnings: Insights into the tech sector's performance based on earnings reports. 🌍 Global Financial and Economic News: Fed's Interest Rate Policy: Market reactions to the Federal Reserve's decision to maintain rates. Mortgage Rate Trends: Implications of decreased mortgage rates for the housing market. Job Market and Tech Layoffs: Interplay between strong job market and recent layoffs in the tech sector. 📉 Support Levels to Watch: 4874, 4860-65 (Major), 4847, 4841 (Major) 4832 (Major), 4824, 4817, 4811 📈 Resistance Levels to Watch: 4878 (Major), 4888, 4890-92 (Major) 4898, 4904-02 (Major), 4912 (Major) 📅 Trading Plan for Thursday: Strategy for Volatile Market: Adapt to potential volatility following the Fed's decision. Bull Case: Focus on reclaiming key levels to resume an upward trend. Bear Case: Monitor for further breakdowns below support levels. Action Plan: Evaluate supports and resistances, adjust strategy based on market reactions to Fed's decisions. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor for trading decisions.Shortby spytradingpro1
Feasting TimeThe food troughs will be filled based on the confluencial hunger of the beasts and their ability to find the source. Enlighten yourselves with wonderment that the ultimate giver provides.by ArtT0
S&P500 [ES] | Seller Exhaustion: Expecting A Push HigherPost FOMC selloff /ES has found buyes at 4870 I expect price to push back up towards 4930 Initial Targets are 4910, 4920 Final target 4930 All targets are key price zones and will need to watch for price action at these zones Longby AidanMDang2
Rest day on ThursdayAfter the large move on Wednesday in the S&P 500, a smaller range for Thursday would be expected. After the sprint to lower prices on Wednesday a rest day would be typical behavior.02:22by DanGramza1
Trends heading into the FOMC Rate DecisionOverheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 4925 Downtrend (1/31/2024) Lower Low 1Hr - 4933 Downtrend (1/31/2024) Higher Low 2Hr - 4925 Downtrend (1/31/2024) Higher Low 3Hr - 4954 Uptrend (1/29/2024) Higher High 4Hr - 4829 Uptrend (1/19/2024) Higher High 6Hr - 4797 Uptrend (1/8/2024) Higher High 12Hr - 4848 Uptrend (1/19/2024) Higher High Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High As explained, that 30m is showing the first sign of weakness for this surge to come back at all. Additionally, I read a report with Dow Jones Newswires that most of the insider trading lately has been little to no buying and lots of selling. Basically that means that members with stocks in their own companies are taking profits and not investing further into their company. I wouldn't take this as a sign that they think their company is in trouble, but more as a sign that they feel their stocks are overvalued and it is profitable to sell now and repurchase later. Economic Data today is going to the FED Meeting Minutes and the subsequent statement by Jerome Powell. I don't foresee, nor does the market, of any interest rate movement today. Geopolitical tensions continue to worsen in the Middle East. The latest is a Drone strike in Jordan that killed 3 US Servicemembers. I've been very surprised that the market has not priced in any sort of issues coming from the Israel/Hamas conflict or any of the tensions and skirmish fighting in the surrounding area. Overall, I see a huge threat to potential inflationary pressure disrupting this upward movement in the long term. Not some sort of pressure that would take us to a surge in inflation back to 9% like we were, but certainly not allowing us to reach a 2% target rate and having some minor upward movement instead of continuing the downtrend we have seen over the last year. Overall, my sentiment is fairly neutral. While I had held a bullish sentiment with spots of bearish profit taking before, I see overall a neutral movement from here, as my estimate for our top over this year was to be 5000 and we've almost reached that already.04:30by SemperTraderUpdated 2
Eerily similar formation?The current formation is eerily similar to the formation of June 2023. Just wanted to post this and see if anyone else comes to similar conclusions. This is just a thought. by The_Gains226
2024.01.31 ES st scenarioI anticipate more downside first => reversal upside and some volatility 8.30-9.30 => more upside => a lot of volatility around 2pm news event with substantial correction to the downside => reversal to the upside and new high of the week. That is an ideal scenario. The 8.30 is the first point on schedule to prove it or make changes.Longby Yoo_CoolUpdated 0
1/31 Wednesday Trading Plan📊 Market Sentiment: Neutral to Bearish Concerns Ahead of FOMC Meeting: Impact of Federal Reserve's decisions on market stability. Cigna's Strategic Move: Effects of consolidation in the healthcare insurance industry. Retreat of Tech Stocks: Market anticipation of the Federal Reserve's interest rate decision. 📝 Today's Recap: U.S. Economy's Growth: Strong GDP growth defying recession fears. China's Economic Struggles: Financial challenges and government control over economic commentary. Market Movements and Corporate Earnings: Insights into tech companies' performance and stock market dynamics. 🌍 Global Financial and Economic News: Fed's Interest Rate Policy: Anticipation of the Fed's decision on interest rates. Earnings Reports: Evaluating the impact of tech giants' earnings on market sentiment. Economic Data Reports: Review of GDP, housing, inflation, and other key economic indicators. 📉 Support Levels to Watch: 4944-42 (Major), 4936 (Major), 4932 4926 (Major), 4920, 4911-13 (Major) 📈 Resistance Levels to Watch: 4954 (Major), 4957, 4962-64 (Major) 4971, 4978 (Major), 4984 📅 Trading Plan for Wednesday: Approach for FOMC Day: Expect volatility; be prepared for rapid changes. Bull Case: Focus on maintaining support above key levels like 4935. Bear Case: Monitor for breakdowns below support levels indicating market shifts. Strategy: Evaluate supports and resistances, adapting to FOMC outcomes and market reactions. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor for trading decisions.by spytradingpro1
FOMC IDEAFACCC, huge selloff into the close! Bulls are liquidating positions ahead of FOMC tomorrow, giving us one of the biggest opportunities of the week! Markets are bullish overall, and this counter-trend correction is exactly what experienced traders love to see! There are 3 ways to trade this collapse, but all we need is ONE of these trades to make a killing on Wednesday!Longby Pepe_S_Printer0
A market in waitingThe S&P 500 market structure implies that it's setting itself up for additional information. What the Fed will do is 50-50. There is a high expectation they will leave interest rates unchanged and they may offer some insights about future action. The bias here in this market is to the upside.01:22by DanGramza2
2024.01.30 ES st scenarioI anticipate upside move slightly above the last high of the day. => corrective setback downside below the local lows => bigger move to the upside. This is an ideal scenario before 10.am 10am news can create more volatility and add more substantial swings in the both directions.Longby Yoo_CoolUpdated 0
How To Set Up A Bear TrapHere is how to set up a bear trap using the TrendCloud opening range breakout tool. 4 hour chart: uptrend 1 hour chart: uptrend breakout to the upside on the opening range. Look for demand zones on the 15 min chart below the opening range... this is your "Bear Trap." If you want to use this strategy then click the link in my profile for more info :) Long07:53by thechrisjuliano1
Consolidated around Q OP Node before breaking out to the upside.Q,M,W,D,240,30min trends are all pointing up. Consolidated briefly on Q OP node, before breaking out to the upside. Upside bias maintained. Longby JosephAuxano0
S&P / ES - Journey to May '24 a possibilitySeason Trend reversal for S&P as we enter the traditionally unfavourable month of Feb. Off the back of the June '23 - Aug '23 top for ES we see a very similar pattern and trend forming over the same 44d time period. On the basis that Feb is rarely kind to Indexes we can look to a repeat of a similar pullback that followed. Add to that S&P left a lovely gap on 7th Dec back to 4580 and it adds further fuel that this could be our possible path to End April '24 before any hopes of a further run upwards. Whilst unlikely it will mirror exactly (markets rarely do exactly what they did before) - we can at least look to this as a potential move within the channel for calculated risk entry and exit markers. I certainly think the S&P is somewhat toppy right now and barring a short squeeze, anything north of 4900 represents a pretty strong entry. As always - proper risk management and covering positions on the bounce is highly recommended. Don't forget to thumbs up if you like or agree with my idea. But equally if you don't, I welcome all comments. Safe Trading !!Shortby TribalHound0
1/30 Monday Trading Plan📊 Market Sentiment: Neutral to Bullish Anticipated Economic Slowdown in 2024: Predicted slower growth due to higher interest rates and various economic factors. Federal Reserve's Interest Rate Policy: Continued high rates to manage inflation, impacting borrowing and economic activity. Current Mortgage Rates: Decrease in mortgage rates suggests positive implications for the housing market. 📝 Today's Recap: Tech Giants' Earnings Reports: Microsoft, Alphabet, and other tech companies' earnings are key indicators for the tech sector's performance. Current Job Market Status: Strong U.S. job market with low unemployment rates across sectors. Tech Layoffs: Large-scale layoffs in the tech sector due to over-hiring and inflation. 🌍 Global Financial and Economic News: Economic Data Reports: GDP, housing, and inflation reports provide insights into economic health. International Relations and Policy: Ongoing geopolitical tensions and their economic impact. Corporate Earnings and Market Movements: Insights from major corporate earnings influencing market trends. 📉 Support Levels to Watch: 4949, 4940-42 (Major) 4936 (Major), 4925-27 (Major) 4921, 4914, 4909 📈 Resistance Levels to Watch: 4954 (Major), 4959 4963 (Major), 4968 4973, 4977-79 (Major) 📅 Trading Plan for Tuesday: Bull Case: Maintaining support above 4895 to foster continued upward momentum. Bear Case: Monitoring for breakdowns below key support levels, indicating potential market shifts. Strategy: Focus on key support and resistance levels, adapting to real-time market conditions. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.Longby spytradingpro0