Stock Index: S&P 500, Nasdaq & Dow Jones Weekly AnalysisBias For This Week:
ES: Bullish Up To $6,468.50
NQ: Bullish Up To $23,845
YM: Neutral
ES1! trade ideas
Why You’re Not Successful as a Trader(And What Nobody Tells You)A lot of people want to know how to succeed at trading. They jump into day trading thinking it’s super easy. Just click a button and make money, right? And in a way, it really is that simple because every trade has about a 50/50 chance of being right or wrong. But here is the thing most people do not realize.
To be truly successful long term (a month or more) you have to treat trading like a business and perform like a top athlete.
Let me explain why by sharing a story from my own life.
Back in high school I was one of the top two athletes in my city. Imagine a sport similar to tennis. There were others who were taller, stronger, more naturally gifted in every way. But they were not as consistent as I was. That consistency gave me the edge.
Here is what I did differently.
I worked out every day building cardio and training specific muscles in my arms, shoulders, and legs for explosive power.
I practiced really difficult shots hundreds and hundreds of times. When I made those shots during games people called it luck. But I knew better. I had rehearsed those shots so much that there was almost a 99 percent chance I would make them.
I also played mind games with my opponents. I talked to them before matches and gave them false confidence by saying I had injuries or wasn’t feeling great. Sometimes I praised a shot they had but secretly I had studied it carefully and knew exactly how to counter it. I was setting them up to lose.
The stock market is just the same.
It is a competition. The market is full of opponents, other traders, institutions, algorithms, all fighting for an edge. If you want to be in the top 10 percent who consistently make profits you have to be at the top of your game mentally, physically, and emotionally.
That is why so many traders fail. They don’t realize they need to train themselves like athletes. Having the right indicators or a big account is not enough. If you are tired, stressed, or emotionally drained, you are far more likely to make mistakes.
Ask yourself.
Did I sleep well last night?
Am I managing my stress and emotional environment like family issues or distractions?
Am I exercising enough to keep my heart and mind sharp?
Am I fueling my brain with the right nutrition and supplements?
Am I constantly learning and keeping my mind sharp enough to spot patterns and make quick decisions?
For me trading is like those athlete days. I take supplements to keep my mind sharp and my emotions steady throughout the day. I aim for 5,000 to 10,000 steps daily to stay physically fit. I carefully track my sleep with my Oura ring because getting good rest is critical to trading well.
Trading is a competition you show up to every single day. If you are not in your best shape losing that day is expected. And while even top athletes sometimes lose when they are at their best losing because you were not prepared is something you cannot accept.
Knowing the rules is just as important.
I once played a match where the sun was setting right on my side during the game. The other team had sun visors allowed by the rules. We only had hats but hats were banned. That small difference made a huge impact on the outcome.
Trading has its own rules and invisible players too like the Plunge Protection Team which steps in to prevent market crashes past a certain point. There are many hidden mechanics in the market you have to understand.
For example moving averages are not just about the famous 50 and 200-day crosses. There are many subtle details about how they are calculated and used that most traders miss unless they study deeply.
So honestly ask yourself these questions.
Do I really want to succeed in this market?
Am I willing to put in the time and effort it takes?
Am I treating trading like the serious business it is?
If your answer is yes then start treating yourself like the most important asset in your trading business. Train your body and mind. Learn the rules inside and out. Practice with discipline and consistency.
Success is not going to be easy. But it will be earned.
Buyers went into the weekend longThe close on Friday implies that buyers went into the weekend long which is a sign of confidence. The next objective is a close above 6456 on Monday.
Day 5 — Trading Only S&P Futures — +$169, Managing the GrindWelcome to Day 5 of Trading Only S&P Futures!
Today I made +$169 trading ES futures. I was busy so mostly set bracket orders at major levels and let them do their work. The market was a nonstop grind upward, making trading a bit slow.
In hindsight, there was an A+ setup with a triple buy signal and market structure alignment that I wish I had sized heavier on to finish earlier.
📈 What you’ll learn
Using bracket orders to trade during busy days
Recognizing A+ setups with triple buy signals
Managing slow grinding markets with discipline
Key support and resistance levels to watch
⏰ Timestamps
0:00 — Intro & Day 5 Overview
0:30 — Trade Thoughts & Bracket Order Strategy
1:30 — VX Algo Signal Recap
2:30 — Market News Impact
3:00+ — Key Levels for Tomorrow
🔔 VX Algo Signals (9:30am – 2pm EST)
9:35 AM Market Structure flipped bullish on VX Algo X3!
10:50 AM VXAlgo NQ X1 Sell Signal
11:50 AM VXAlgo NQ X1 Buy Signal (triple buy)
📰 News Highlights
S&P 500 rises to end the week, Nasdaq hits a new record as Apple shares rally.
🔑 Key Levels for Tomorrow
Above 6367 = Remain Bullish
Below 6334 = Bearish
ES : Short levelThe level has been activated, so you can short it. I have slightly edited it since last time. It is best to scalp or pips it; I cannot promise any significant movement. Be careful when trading on news or at market close/open.
Review S&P 500 futures weekly chart - 8/8/2025Price is Knocking on the Door of All-Time Highs
The bulls are back in control. Price is pushing above the 6,400 magenta resistance, a level that has capped rallies before — and we’re now testing it head-on. The uptrend from the late-2022 low remains strong, with price riding comfortably above the green moving average ribbon like a surfer on a perfect wave.
The last big pullback in early 2024? It was a clean bounce off the 4,000–4,100 blue support zone, marked by a textbook "Bull Wick" reversal candle. That move lit the fuse for a powerful rally, and the setup now has a similar feel.
Key Levels I’m Watching
Resistance: 6,400 (magenta) – in play right now.
Support: 5,600 (red), 4,300 (blue), and a deeper 3,800 zone (blue).
History shows that breakouts above major resistance here have triggered multi-week runs.
The Indicator Story
MACD: Bullish crossover forming, histogram shifting into positive territory → momentum is building.
Stochastic RSI: Tapped overbought and curling slightly down → short-term cooling possible.
RSI: Near 70, still in bullish territory and not yet screaming overbought.
The Bigger Picture
On the weekly chart, the trend is undeniably strong. Price is above all major moving averages, and momentum is on the bulls' side.
However, with multiple oscillators sitting high, the market might need to catch its breath — either through a small pullback or sideways consolidation — before launching into the next leg higher.
Bottom Line
The breakout is here, but confirmation is key. A strong push and close above 6,400 could open the door to another sustained rally. If the breakout fails, I’ll be watching the 5,600–5,400 range for signs of buyer defense.
Nq & Es Key Levels & Daily Bias 08-08-2025Today’s bias is once again bullish, aiming for those all-time highs.
When the market opens at 09:30, I’d like to see price dip into discount zones or take out some lows first — that would set up a nice rally upward and a potential long opportunity.
If that doesn’t happen, I’ll stay on the sidelines. No chasing longs in premium territory.
Enjoy the day no matter what happens, and keep learning so you’re sharper tomorrow.
We’ll check back later to see how it played out.
ES - August 8th - Daily Trading PlanThe session open of 6370 held this level overnight and we had a shallow failed breakdown around 1:45am at 6368 and rallied back up to the overnight highs. We are trading in a tight 20 pt range overnight and currently we are testing the 6391 level.
6391 is the 0.618 retracement of the 6426 high to 6333 low from yesterday session. We could stall and move back down the levels once reached or continue higher. IF, we continue higher, we should be able to continue up to test 6400, 6410, 6426. If we reject the 6391 level, we will need to come back down and need to hold the 6370 session open level or we will possibly continue to look for support at 6344, 6333, 6324. 6315. Below these levels and we will be looking to the 6297, 6280, 6252, 6240.
Personally, 6315 is probably the better next level down for a decent move. We could easily have a session like yesterday where no follow through happened until the 6333 level. Since it was tested yesterday, you would want to see a flush to 6324 or 6315 and reclaim of the levels above the bounce to long for a level-to-level move.
My plan is looking for a rejection of the 6391-95 range and see us pullback and retest the overnight low. This has been tested already and may not produce much support. You will need to see how price is acting as it nears.
You can see my post last night in the related publications section as to the levels I outlined and how that played out. "Price needs to hold 6365 with 6355 at lowest or we will most likely go back down and retest the 6344 & 6333 levels which have been a magnet this week." 6368 was the overnight low and we rallied from this level. We might get one more bounce but could fizzle out quickly.
I will post an update around 10am once the NYSE opens and we can see how price acts in the first 30 mins.
Futures reject at supply, bear flag forming?The market has sold off big time to round out last week and has been chopping around in a recovery for the past few days.
I decided to make a little channel from the bottom to the recent lows and it looks like we broke the bottom of the channel and then managed to get back into it, of course if we can break out above the channel that is hyper-bullish because a ton of shorts will be trapped after the initial break.
On the other hand, a false break on a channel is less likely than a follow-through, so odds would indicate bearish sentiment.
I checked the volume profile of the previous sessions and it looks like supply/demand has acted as a good spot for support and resistance levels. Today we bid right up to the supply level and sold off all the way to the demand level, supply acted as resistance and demand acted as support and we ended roughly in the middle of the two zones.
Overall, it doesn't really tell you much, but the coming days will paint the picture better.
If we can break below 6340 I would expect an attempt at 6250 and possibly lower.
If we can break above 6425 then we can go to new all time highs.
Overall I am leaning slightly bearish, but watching for price action confirmation.
Neutral close with the bullish biasThe structure of the daily S&P 500 chart implies a neutral structure from Thursday with a bullish bias based on the last three trading sessions. If buyers are here a close above 6425 is the objective for Friday
Day 4 — Trading Only S&P Futures — +$207, Patience Pays OffWelcome to Day 4 of Trading Only S&P Futures!
After two tough losing days, I took a morning yoga session to clear my mind and approach the market calmly. I started trading late but found a strong A+ setup near 6355, aligned with a major gamma zone and RSI signals, which led to a $200+ profit.
📈 What you’ll learn
The importance of mindset and mental clarity in trading
How to identify strong setups using market structure and gamma zones
Reading RSI on multiple timeframes for confirmation
Managing risk and knowing when to call it a day
⏰ Timestamps
0:00 — Intro & Day 4 Overview
0:30 — Mindset Reset & Trade Recap
1:30 — VX Algo Signal Recap & Setup Breakdown
3:00 — Market News & Impact
3:30 — Key Levels for Tomorrow
4:00 — Closing Thoughts & Next Steps
🔔 VX Algo Signals (9:30am – 2pm EST)
9:39 AM Market Structure flipped bullish on VX Algo X3!
11:20 AM VXAlgo ES X1 Buy signal (triple buy)
11:52 AM VXAlgo ES X1 Buy signal
12:40 PM VXAlgo ES X1 Sell signal
📰 News Highlights
U.S. jobless claims rose to 226,000 vs. estimate 221,000, signaling increased layoffs.
🔑 Key Levels for Tomorrow
Above 6332 = Remain Bullish
Below 6315 = Bearish
ES - August 7th Evening Open & August 8th - Daily Trading PlanAugust 7th - 4:10pm - Opening Session - Trade Plan
We had a nice move higher in last night's overnight session and then we sold off at the 6400 level by 10am this morning. While price has found a nice short-term bottom at a key level of support 6333, we also rallied in the last hour to clear the 6368 level that was also the overnight low before we broke below it during the daily session. (I had this detailed in my notes that you can review from my last post and is in the related publications section).
We have pretty clear support & resistance levels we are going to be watching overnight and into the morning session.
Price needs to hold 6365 with 6355 at lowest or we will most likely go back down and retest the 6344 & 6333 levels which have been a magnet this week. IF, price can hold these levels, we should back test the 6378, 6391 and potentially the 6400 level that we sold off from.
We are still in a bullish uptrend and can continue all the way to retest the 6426 level if bulls want to. We have nothing short term to be bearish about until 6315 is tested and failure of this level could produce a larger sell off targeting 6297, 6286, 6250, 6240. IF, price does lose 6315 I will be looking for a reaction at the 6286 & 6252 levels for some points to go back and retest the 6315 area.
I will provide an update before 7am EST tomorrow based on the overnight session price action. Make sure to follow so you get notified when I post my daily trade plan.
SPY The Final Countdown Since the April lows, equity markets have exhibited strong performance, with many stocks appreciating by nearly 100%—some even exceeding that threshold. Given the velocity of this rally, a corrective pullback may be imminent before the broader uptrend resumes.
The current reading on the Fear & Greed Index places market sentiment firmly within the "extreme greed" territory—historically a zone where investors often begin to lock in profits or initiate contrarian positions against the prevailing trend.
From a technical standpoint, I’ve conducted an Elliott Wave impulse analysis to evaluate the recent price structure. This method, which utilizes Fibonacci-based mathematical relationships, provides insight into the expansion and contraction phases of market cycles.
Using the trend-based Fibonacci extension tool, one can estimate potential termination zones for impulse waves. In the current scenario, the fifth wave appears to be approaching completion. By analyzing the proportional relationships between waves 1, 3, and 4, a key confluence level emerges at the 61.8% extension—commonly referred to as the “golden pocket”—just above the 6400 level on the futures chart.
I plan to set alerts at this price level to secure profits, hedge existing positions, and potentially initiate a short trade—should market structure confirm a reversal through a valid breakdown trigger.
After the morning forecast 07-08-2025As we saw, it finally happened, the price dropped, giving us shorting opportunities and now we probably have to look for Longs... tomorrow we'll meet here at 09:00 Am NY Time.
Nasdaq’s All Time HighsLiquidity moves liquidity.
Expansion, Retracement, Reversal, Consolidation
Market is doing 1 of these 4
Expansion is determined by where liquidity sits and where it is going. Price delivery is upmost important when receiving bias and narrative
Seeing where price is coming from is just as important as seeing where price plans to go.
Rookies make the mistakes of catching the small reversals thinking it is the big move, it’s not.
Price is simply reaching equilibrium and balancing out buyers and sellers … Zoom out, you’re a sniper in a big field with one target, when you’re unsure always zoom out.
External range liquidity will target Internal range liquidity and vic versa.
Finding your entry in a discount/premium inside a context is key.
But by all means do NOT get caught in the pullback.
ES - August 7th - Daily Trade PlanI posted last night (See related publication link) that "our first support down at 6363 level and an ultra-bull case for tomorrow is to build a flag and break out above 6380 with targets of 6386, 6402+". We exceeded the 6402 overnight high and reached 6427. Since we rallied overnight, one headline could take us all the way back down to 6380 or 6363 which is the overnight low. Last night price built a nice bull flag and consolidated between 6380 - 6390. Ideally, we see price come and back test this area maybe gets to around 6386-88, then reclaim 6390 and then go back up and retest the levels ahead. IF, we don't get a reclaim at this level, retesting the overnight lows and reclaim of 6363 would be a great spot for a level-to-level move.
I never like to chase price and when we get a 60pt overnight move, I will be waiting to see how price moves in the first 30 mins of the NYSE Open. I will add an update around 9:45am. Any dip below the levels in yellow and reclaim of these levels, should give us a move back up the levels.
Day 3 — Trading Only S&P 500 FuturesDay 3 — Trading Only S&P Futures
Daily P/L: -142.87
Sleep: 7 hours
Emotions: Headache & stress from the morning
:thought_balloon: Today’s Trade thoughts:
I made a typo when i was putting some orders in from last night that triggered and started the day -300 so I spent most of today just grinding it back again.
I think going forward, I am going to make a rule to limit myself of only doing 2 MES MAX during night time if i plan to put orders in because it really sadden the mood when you start the day negative.
Overall, today's trading day wasn't that bad, we had bullish structure and AAPL event that carried the market up. I took some shorts at 6355 that didn't work out but eventually made money at the end of the day as i shorted 6375 zones. I have noticed that** max Gamma levels don't truly settle until 11am. **
:bell:News Highlights:
*TRUMP TO IMPOSE ADDITIONAL 25% TARIFF ON GOODS FROM INDIA
:bar_chart: VX Algo Signals (9:30am – 2pm EST):
9:30 AM Market Structure flipped bullish on VX Algo X3! @everyone*
10:20 AM VXAlgo NQ X1 Sell Signal
11:00 AM Market Structure flipped bullish on VX Algo X3!
11:40 AM VXAlgo ES X1 Sell Signal
12:20 PM VXAlgo ES X1 Sell Signal (double sell)
1:40 PM VXAlgo NQ X1DD Buy Signal (double buy)
:chart_with_upwards_trend: Key Levels for Tomorrow:
Above 6332 = Remain Bullish
Below 6315 = Bearish
Buyers have shown upBuyers have shown up in the S&P 500 daily chart. The challenge will be followed through. The next objective to the upside is 6393.
ES - August 6th Evening Open / August 7th Daily Trading PlanWe held the 6324 level today and institutional buyers stepped in at this level and we rallied to our targets for the day. We currently have our first support down at 6363 level and an ultra-bull case for tomorrow is to build a flag and break out above 6380 with targets of 6386, 6402+
Ideally, we would pull back overnight and flush 6344, 6323 or the 6315 level and reclaim for a nice move up the levels. Either way, trend is still up, and short-term bulls need to hold 6315 level, or we will probably retest the levels below at 6297, 6280, 6252 and then the Friday's low of 6240.
I will update my August 7th trading plan tomorrow am as we need to see what price does in the evening session. My lean is we don't lose 6344, but any flush and recovery of levels outlined we should continue up higher.
Nq & Es Analysis 06-08-2025 After the OpenAs expected, the first scenario played out — with the Nasdaq pushing higher, pulling back for a retracement, and then targeting the previous day’s high. The only difference was that the S&P 500 initially printed some lows and showed more sluggish behavior compared to the Nasdaq. However, once the market opened and volatility kicked in, price resumed its true direction.
Challenging day overall, with some unusual price action. Still, as you can see, the key levels we shared earlier held up beautifully once again.
See you tomorrow — 30 minutes before the market opens (09:00 AM) NY TIME!
Sideways actionLots of cool between zones more apparent in the 5 minute time frame. No significant news. What are yalls thoughts? I was originally short but my ideal entry keeps teasing me and I took a dumb long. Should have been more patient on my end.
ES- August 6th, 2025 - Daily Trading Plan6315 was yesterday's low and our overnight low. It has been tested multiple times and while typically it would be a great place for a flush and reclaim, it has also been tested and is very weak. IF, price breaks below 6315, we might get a quick pop, but I would rather see us flush down to 6296 or 6280 area and then reclaim 6296 for a level-to-level move and back test the 6315 level. IF, price clears 6315 we can continue to retest the 6333 & 6358 levels. We continue to trade in small ranges and until we can clear 6377 or flush Friday's level of 6240 and recover, it will be tough to find good quality setups. We really need to flush the 6240 level for a nice move back up to retest 6315.
I will update my session plan after 9:30am open.
