After reanalyzing the S&P 500, I've made significant adjustments as the previous scenario didn't quite align. According to my current assessment, the upcoming weeks and months might unfold as follows: I still believe that a Wave 5 emerged in January 2022. Subsequently, we experienced a Double Zigzag descent to the $3500 level, where Wave A formed with another...
📊 Market Sentiment Neutral to Short-Term Bearish: Entering December, market sentiment is mixed with a cautious outlook. Traders are closely watching Jay Powell's speeches for potential market-moving insights. After a record-breaking November, markets are consolidating, suggesting a period of uncertainty. 🔄 Recap November concluded with a mix of bullish runs and...
Looking at CME_MINI:ESZ2023 Price is in the middle of the weekly range: the low was created yesterday: 4544.75 the high was created Wednesday: 4597 The trading range I see for today is in-between the overnight high 4584.50 and yesterday's (the weekly) low 4544.75 . Trading outside of that range will indicate some direction for next week. My bias is targeting...
Large Time Frame Overview In 2023 we have trended predominantly higher, but encountered sell side pressure around August which lead to 3 months of bear side movement. With that correction we tested some keys areas, mainly the 4240, yearly POC, as well another high volume node inside of the balanced trading we were experiencing throughout the beginning of 2023,...
DR was false today and reversed on the upside, trade is now risk free Going for target to previous fair value gaps and Defining range.
Can buyers finish in the S&P 500 on Friday with a positive close going into the weekend. That would be the expectation based on the price structure. However, there are challenges at the previous highs that could slow this market down.
Wednesday's price action implies the set up waiting for Thursday's market data.
The US government is well on its way to going into lockdown and shutting down the economy as policymakers are deadlocked over the national budget for the next fiscal year. While leading stock market strategists are not yet terribly concerned about such perspectives, and entertain hopes that investors have a high probability of "getting away with it" with strong...
Yes, I say! Wait, what? Didn't we just have a rally? Yes.. That was part 1.. Rally that got us here was quick and forceful. The bull gaps are still not filled acting as resistance/support. Using Elliot Waves, Fibs , and channels I show where I believe the Market could be headed into EOY year. Higher.. Much higher. Once it breaks the ATH Trendline (white) i believe...
📊 Market Sentiment Neutral to Short-Term Bearish: Today's market sentiment is cautiously optimistic, with global markets showing modest gains. The anticipation of the COP28 Climate Change Conference in Dubai is influencing global sentiment, and the US Index Futures are trending upwards. Notably, crude oil is experiencing a strong surge. 🔄 Recap The S&P 500...
I have taken an anticipation entry at 4563.75 on the hourly RTH chart using the pattern of a bearish rising wedge in a down channel and the three-push pattern at the top of the wedge. I am using ATR indicator as well to anticipate a breakout and increased volatility. Volatility expands on a down move. Notice the bullish falling wedge on the ATR signaling a...
📊 Market Sentiment Neutral to Short-Term Bearish: Current indicators suggest a cautious approach, with a lean towards a short-term bearish outlook amid mixed global signals. 🔄 Recap In today’s issue, we delve into the performance of S&P 500 Futures, analyzing the recent consolidation phase after a notable rally. We examine the tight trading range that has...
There is ICT Unicorn setup on ES 5M chart. I marked with red lines FVG high and low which align with breaker block. I will go for new daily highs for RR 1:2
11/29/23 Market Check: S&P 500 Nasdaq Dow Jones 10 yr Bond EUR/USD Bitcoin Oil Gold
The bias in the S&P 500 is to the upside. However, if buyers are here we need a close above 4585 by the close of Friday.
11.20.2023 Final trade of the year - 2023. A combination of multiple strategies placed into two differing expirations. Closely monitored and prepared to make max of three (3) adjustments prior to years end. Happy Trading All! -kevin
11.1.2023 inception price action Non-directional trade. Unbalanced Butterfly Trade - NEGATIVE leaning Delta Bias going into FOMC and NFP this Friday. 29th trade for this calendar year. There will be no resting GTC orders on this trade as it will be aggressively managed going into the end of the year. Anywhere in the "peak profit" zone is where maximum...
📊 Recap Today's newsletter provides a comprehensive look at the current market situation, emphasizing the S&P 500 Futures and the essential strategies for upcoming trading sessions. 📈 The Markets Overnight Asia: Mixed Europe: Down a bit US Index Futures: Down slightly Crude Oil: Up a bit Dollar: Down slightly Yields: Up slightly Crypto: Up slightly ...