AMP Futures - How to apply an OCO Bracket order (Post Entry)In this video we will demonstrate how to apply an OCO Bracket order to an open position with no (Take profit) & (Stop Loss).Education10:29by AMP_Futures112
AMP Futures - Customizing your ChartIn this video we will demonstrate how to select time frames on a chart, how to access different chart types, indicators, and drawing tools.Editors' picksEducation15:17by AMP_Futures3338
Be cautious on the downsideBe cautious on the downside in the S&P 500 for Thursday's market movement. It would not be surprising to see the S&P 500 moved to lower prices but the expectation is a bounce on the downside which means the market would trade up above its low.01:24by DanGramza3
ES UpdateI've been preparing for a relocation, so haven't been trading. Looks to me like RSI is gonna hit oversold probably tomorrow, then a Friday bounce.by hungry_hippo5
S&P 500 (US500):🔴Bearish or bullish...?!🔴By examining the weekly and 4-hour charts, we can determine the price was heavily pushed down after creating the all-time high. I am not bearish for the long-term on the S&P500, but for now, I think the price can have a bearish reaction to the bearish breaker block and move down at least till the previous week's low, then we should study the price to find out the next move. 💡Wait for the update! 🗓️27/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌Shortby VahidTradingCRUpdated 112
Prep and Lean ES/SPXES Trade Plan Inflection: 5329 Upper lvls: 5345 / 5363 / 5370-5377 Lower lvls: 5309 / 5290-5297 / 5272 NQ Trade Plan Inflection: 18933 Upper lvls: 18974-18982 / 19120 / 19148 Lower lvls: 18867 / 18787 / 18725 / 18621 Stay Frosty!07:21by Beyond_Charts0
Quiet day on TuesdayThe expectation for the S&P 500 for Wednesday's market action is a quiet day basically trading inside the range of Tuesday.01:14by DanGramza2
ES Low of Week Pullback For Bullish Weekly CandleNow that Monday has printed, the weekly template that it has revealed is a bullish expansion week and Monday is the low of the week. I just now entered in market order at 5324.00 with a 6 point stop down at 5318.00 and a target at 5364.00 for 40 points or 6.6:1 I don't believe price will be returning back below the Low of Week, if it holds. Please see my prior post on the Dow Jones for more details Longby travis18haneyUpdated 222
Trends still show upward movement; CPI Data this weekSo trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and we were pushing above that Daily lower high resistance level around 5160, I went long. I did cash that trade out around 5260 for a $5000 trade. Given the uncertainty of how CPI could come in, I am likely to stick out until I see that data this Wednesday. While I'm not certain what Core CPI will do, and that SHOULD be the main data point we pay attention to, I have concerns based on a 10% hike in gas prices over much of April that Headline CPI could come in above expectations and cause at least an initial panic sell off. We are nearing the potential for an overbought state on MFI/RSI on the daily, so watch for algo trading around those levels as well, at least on the initial touch. Obviously we rented living space in overbought territory at the beginning of this year, so it doesn't mean we have to reverse at all, especially in this FOMO market. I continue to see the current conditions as very bullish, in spite of significant concerns I have for the ES Economy overall. While there was a time when the US Markets reflected the state of the US Economy, I think we have a massive disconnect between the two that was caused by the COVID Pandemic. I think the new trend is when the economy looks rough, dump money into Mag 7 / NYFAANG / or basically whatever hyper select group of stocks equals the majority of the market cap out there, which will just push markets higher in spite of economic conditions. Walmart Earnings on Thursday will be something to watch, moreso as it might show insight into consumer health more than what is actually happening with Walmart. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5251 Uptrend (5/13/2024) Higher High 1Hr - 5241 Downtrend (5/10/2024) Higher Low 2Hr - 5229 Uptrend (5/9/2024) Higher High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Data; PPI & Powell Speaking on Tuesday CPI on Wednesday Jobs data on Thursday Earnings; Home Depot Tuesday Walmart on Thursday Geopolitical; Russia has had a major push into Ukraine, not sure it will matter but there is the potential for a major offensive to pick up pace there. Israel / Hamas conflict continues to be a concern but doesn't seem to have much influence on markets at the moment. Overall Sentiment; Shorter Term - Neutral Short Term - Neutral Medium Term - Mmmm... really undecided on this one Long Term - Bullish Overall, I could see a quick pull back overall this week, but even if this happens I think the market will heal whatever dip we have and we will end higher overall by the end of next week. Safe trading, and remember your risk management plan!Long08:16by SemperTraderUpdated 0
ES - One Step At A TimeWith 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.02:43by LegendSinceUpdated 0
Weekly Plan ES Futures - Week Of 5/27Weekly plan: ESH2024 NYSE:ES FUTURES 5/20/2024 5349 >> 5395 >>> 5439 Weekly pivot: 5308, Now 5333. Weekly Open 5322 5269>> 5216 >>> 517304:16by dhjesus1
Follow through to the upside is expected.Follow through to the upside is expected in the S&P 500 for Tuesday, May 28. The price objective is a close above 5340.01:39by DanGramza1
O DTE trade on /ES today-5270 +5255 / -5340 +5360 Huge fees on ES,$5 per leg, buying 2 contracts each leg to get premium over $100. Could close early later today, or just let this play out. Deltas are low atm: -5270 +5255 / -5340 +5360by leongabanUpdated 0
SP500**SP500:** New all time high at 5369. The forecast is for the price to descend to the bottom of the channel and rise to make new all time highs.Shortby simaoxceps0
ES to ATH!We can see How beautifuly -D OHLC manipulation is overlapping with discount + Old Low. THOSE TARGETS?? -D OHLC Distribution + 1/3ADR + 1/3AWR and mosr recent one + manipulation D OHLCLongby Keclikk1
#202422 - a weekly price action market recap and outlook - sp500Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls have every argument on their side for printing higher prices. Bears created 1 bear bar in 11 days and Friday closed 1 point below the daily high. That is as clear of a buy signal as it can get. At the minimum they want to retest 5349 but if bears step aside enough, we will melt right through for much higher prices. As of right now, the weekly chart printed an obvious double top but to confirm that, bears would need a strong sell-off next week. If bears will not get it, the big bull trend line pointing to 5450-5500 is the next magnet. comment: So I posted my weekly chart, which is obviously not pretty and you should not trade on that. It’s to have a rough outlook and calculate targets on higher time frames. And currently I have two bullish third leg targets (bigger and smaller tf trends) at 5560. Those are rare but I would not bet my house on those, just because they are rare and it’s nice when a bigger and smaller trend align. Like stars, you know. Anyway. Still holding the possibility that bears surprise the bulls and drop hard below 5250 again to trap em. If bulls continue and melt above 5370, it’s reasonable that the next targets are the obvious bull trend line around 5500 and my calculated targets are around 5560. current market cycle: trading range until new ath with follow through or drop below 5000 key levels: 5250 - 5370 bull case: Bulls have not touched the daily 20ema for 13 trading days. They are in full control and have all the odds on their side. Bears need to break below the ema to change that. The sell-off on Thursday was strong enough to make at least some bulls doubt another leg up. Friday’s bar only tested the breakout level 5330 and was an inside bar. On weekly/monthly time frames it still looks as bullish as can be. However, I gave my reasoning above why I’d for more confirmation above 5330. If you buy here, you could be buying right at the top of a trading range we have been forming for 4 months. So, I’m very bullish if we print big bull bars and break above 5370 with follow through. Bulls invalidation price is around 5250 for me. bear case: Bears still have the argument that this was a higher high double top on low volume. If they can produce consecutive bear bars below 5250, it’s reasonable to assume that most bulls will cover longs and would look to buy much lower again, possibly around 5000. If bears fail to keep this below 5370, bulls will board the rocket to 5500 and higher. Keep in mind, we are above alomost all bull trend lines, far above the weekly ema, have not touched the daily ema in 13 days and if you still doubt this is as bullish as it get’s, look at weekly/monthly charts. Everyone knows this rally makes no sense from a valuations perspective but that does not matter. Price is truth. outlook last week: “Slightly bearish - Retest of ath or 5330 expected before we should see more sideways to down price action. If bears are reasonably strong, we should see 5260 or 5200. Invalid above 5350 with follow through.” → Last Sunday we traded 5349 and now we are at 5321. We saw another smaller higher high 5368 and the low of the week was 5273. I’d say those targets were pretty freaking perfect. You are welcome. short term: Absolutely neutral until we see a breakout. Got a huge bear reversal on Thursday and a bull inside bar afterwards. I wait. Bullish above 5370 and bearish below 5270. medium-long term: Trading Range until 5000 is clearly broken and has turned resistance. If bulls can break strongly above 5350, it’s obviously a continuation of the bull trend and my next target would be 5500/5560. current swing trade: Small short position from 5329, SL is 5345. Chart update: Please read comment section aboveby priceactiontds0
MES - Potential For some MM TargetsWaiting to see if we get the level to risk off, Waiting for some real US market Momentum Monday likely to lack follow through until US openLongby AgedvagabondUpdated 1
MES HL MTR or 2nd Leg MM UpAcross the board on US Indices, Lots of sympathy for a major trend reversal, or a 2nd leg up. Good probability. Bit late on post.Longby AgedvagabondUpdated 0
Small Account Challenge - SPY and IWM - Day 10 Journal UpdateA quick recap of this week's action and my progress on the $50k challenge.06:26by AdvancedPlays0
SP500 E-Min - Monthly Chart - 25 May 2024Here is a monthly chart, with my forecast of where price may go. I'd wait for a pullback before i would then look to long. Long02:12by TraderRiz0
Overreaction on ThursdayAfter the overreaction by the S&P 500 to the fundamental news Fridays bounce back to the upside in the S&P 500 is logical. The issue now is will buyers follow through in the shortened session on Monday.03:48by DanGramza3
S&P500 - Clues to BUYThe 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 S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge. As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea. Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciatedLongby GrayTrader01Updated 1
Trading Plan for Friday, May 24th, 2024Trading Plan for Friday, May 24th, 2024 Market Sentiment: Uncertain, as the market has transitioned from a rally to a short-term dip. Bulls are attempting to defend key supports, while bears are looking for further downside continuation. Key Supports Immediate Supports: 5265 (major), 5253 (major) Major Supports: 5230-35 (major), 5202 (major), 5177 (major) Key Resistances Near-term Resistance: 5293 (major), 5302 (major) Major Resistances: 5317 (major), 5380 (major), 5400 (major) Trading Strategy Post-Rally Dip: The market is now in a short-term dip after a prolonged rally. Exercise caution and avoid chasing longs or shorts. Long Opportunities: Look for a bounce and reclaim above 5274 for potential long entries. Consider failed breakdowns at 5265 or a dip and reclaim at 5230-35 for more aggressive long entries. Short Opportunities: Consider shorts at 5317 (if the market rallies strongly) or on failed breakdowns below 5265 after a bounce/retest. Exercise caution and take profits level-to-level. Focus on Reactions and Price Discovery: Wait for confirmation signals and clear reactions at key levels before committing to any trades. Bull Case Defending Support: Bulls need to defend the 5265-72 zone to prevent further downside and maintain the possibility of a bounce. Reclaiming Resistances: If bulls reclaim the 5293 and 5302 levels, the dip could be considered over, opening up a potential move towards the previous highs. Bear Case Breakdown Signals: A convincing break below 5265 could trigger further selling, targeting 5230-35 and potentially deeper levels. Look for bounces/failed breakdowns at these levels for potential short entries. News: Top Stories for May 24th, 2024 📈 U.S. Durable Goods Orders: The latest data shows an unexpected increase in April, suggesting resilience in manufacturing despite economic headwinds. 🌍 Geopolitical Tensions and Their Economic Impacts: Recent surveys indicate that geopolitical risks are a top concern for global family offices, with significant implications for asset allocations in North America and Asia Pacific. 🛡️ Shifts in Safe Haven Assets: In an environment of growing debt concerns, investors are increasingly turning to gold over traditional government bonds, marking a significant shift in safe haven preferences. 🌎 Climate Change and Economic Impact: A session at the 10th World Water Forum highlighted the severe economic repercussions of climate change and water scarcity in Laos, underscoring the urgent need for sustainable water management solutions. 📊 Global PMI Data Releases: The release of the S&P Global Services and Manufacturing PMI reports provides critical insights into the economic conditions of the services and manufacturing sectors, which are key indicators of overall economic health.Longby spytradingpro1