Earnings may helpEarnings may push the S&P 500 higher on Wednesday. 5135 would be the next price objective that you'd want the market to close above.01:24by DanGramza2
Volatility Valuation Index - ES FuturesThe " Volatility Valuation Index " proved to be quite reliable ... again.... Mind you this is a SETUP tool, to locate EXTREMES in Volatility. It is NOT a SIGNAL tool, to be used for entries / timing. That said, its accuracy sometime can be impressive. But even under these circumstances, I do not use it as a timing tool (Works across all markets & timeframes) Longby AlexSpiroglou1
Morning Price Action review ES 4-23-24going over the Morning RTH session ES looking for clues and reflecting on how we traded the open. 03:00by BobbyS8130
ESM2024 long trade, stop and take profit in place ESM2024 long trade, stop and take profit in place as seen on the chart. This is no financial advise! Do not risk real money on any idea published by us. Longby MintMarkets_FxUpdated 3
Trading Plan for Tuesday, April 23rd, 2024Trading Plan for Tuesday, April 23rd, 2024 Market Sentiment: Uncertain, with bulls and bears battling at key resistance after yesterday's recovery day. Key Supports Immediate Supports: 5040 (major), 5032, 5020 (major) Major Supports: 4996 (major), 4959 (major), 4938 (major), 4903 (major) Key Resistances Near-term Resistance: 5057 (major), 5081 (major), 5102 (major), 5115 (major) Major Resistances: 5129 (major), 5141 (major), 5167 (major), 5186-90 (major) Trading Strategy The 5040 Battleground Continues to be critical. Observe for breakouts or breakdowns with close attention. Long Opportunities: Due to the choppy nature of the 5040 zone, direct bids are less reliable. Consider bids with a failed breakdown at 5032 or on major supports (4959, 4938). Prioritize the knife-catch protocol for deeper longs. Short Opportunities: Look for backtests of 5081 and particularly 5102 for shorting. A breakdown below 5020 could open up downside targets. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Holding Support: Defending the 5040 zone is encouraging for bulls. Re-tests and quick recoveries signal buying strength. Reclaiming Resistances: Bulls need to push above the 5081/5102 zone for a sustained recovery attempt. Adding on Strength: Breaks and acceptance above 5057 could offer opportunities for adding to long positions. Observe closely to ensure it's not a backtest for a downside rejection. Bear Case Breakdown Signals: A convincing break below 5020 triggers the downside move, likely targeting 4975 or lower. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 23rd, 2024 Economic Environment US GDP growth and the impact of interest rates on corporate America. IMF projections for global economic growth and inflation expectations. Bond market signals regarding Federal Reserve policy. Market Analysis Upcoming economic data releases: GDP estimate and key inflation measure. Reminder: The market is reacting to a mix of earnings reports, economic data, and the critical battle at the 5040 resistance. Prioritize risk management and adapt your trading strategy accordingly.Longby spytradingpro2
Index Futures: April 22nd-26th, 2024Bearish Index Futures: -Expecting a run on Monday's high, from inside the htf key levels. -Would like to see the market eventually turn from there and target new lows on the month. -Waiting for dollar to sync before expecting sustained bearishness into the htf targets.(Wed-Friday) Shortby mill_zaireUpdated 0
Over Night ES price ACtion ReviewGoing over the ES price Action overnight looking for clues and what the market is trying to tell us. TSLA earnings after the close today. 03:49by BobbyS8130
ESM2024 (S&P500) neutral atm, no further shorts allowed for nowWe are neutral on S&P futures after the recent drop. It is too early in the week to determine a high probability bias. We have taken out fridays high today (5058), and we might see further retracment to the upside. We are not considering a short bias on the daily chart, unless ESM2024 daily candle body closes below 4984. Until we get more insight troughout the week, we will stick to intraday scalping only. There is potential buyside liquidity remaining at 5095 and sellside liquidity at 5006. We will see if tomorrow gives us a setup to engage either one. As of now, I think 5006 sellside is the more likely one. This is no financial advise! Do not risk real money on any idea published by us. by MintMarkets_Fx333
ES Day Price Action REview 4-22-24Going over the price action for Monday 4-22 looking for clues to how we could have traded better and what the market was trying to tell us. 04:39by BobbyS8130
Neutral zone tradeThe S&P 500 is in the neutral zone trade with a bullish bias. The expectation for Tuesday is for today range trading inside of Monday's range with a higher close.01:37by DanGramza3
Market Recap: Beautiful Setups All DaySo many great setups today as I think sellers from last week started buying back into the market. I took a couple of trades today both winners but, there was definitely some money left on the table today. All in all a super technical day. 03:30by JoeRodTrades0
Bouhmidi-Bands and Overnight Session - Name of the Game The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the overnight session (5036), confirming bullish momentum and surpassing the previous day high (5058) & upper #BouhmidiBand, reaching a peak at 1.3s BB (5074). In the last 1.5 hours, NYSE:ES retraced back within the Bouhmidi-Bands. Longby Sisa87224
SP500 reversal in progressfrom the sp500/vix ratio it emerges that there is an increase in the relative strength of the stock market compared to the fear index. We could witness a bull market reabsorbing the bearish excess of the month of AprilLongby NewHOrizons10
Morning sEssion Review ES 4-22-24Going over the morning sEssion looking back for clues to what the market was telling us. dont trade someone else's system. critical that we follow our own plan.04:11by BobbyS8130
ES updateNQ and RTY filled the gap from yesterday, but ES still has a small open gap. Also, MFI isn't moving much. I see lots of stuff in the red as well. Running errands today, staying out.by hungry_hippo9
ES Scalping Zones 4/22If daily gap holds then upside targets *5021.5 then 5026.5-5037. For downside targets *4997-4991 and if that fails 4974 Daily Trend Tracker *DXY - Bullish - *VIX - Bearish - *US10Y - Bearish Follow Jbetrading on X for more in depth analysis across multiple asset classes.by QuantumEdgeAnalytics0
ES UpdateMFI went oversold last night, but there's also an open futures gap. Don't have time to watch the market today so I took the easy money and cashed out. I think it'll double bottom before going up because of the open gap. Guessing TSLA tanks on earnings. Gold down big caused Brazil (EWZ) to go red. Barely made any money on those calls. by hungry_hippo5
NY Open breakout This idea is based on 8:30 ET Breakout candle.. This is Silver Bullet strategy buy a bit more aggressive. Reason being is that, Previous week was over extended to the downside and expect a retracement bullish short term.. Longby rpcasanas0
OverNight Price Action REview ES 4-22-24Going over the price action from Sunday night looking for clues as to what the market is telling us. 02:08by BobbyS8130
Trading Plan for Monday, April 22nd, 2024Trading Plan for Monday, April 22nd, 2024 Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial. Key Supports Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966 Major Supports: 4958 (major), 4937 (major), 4904-08 (major), 4878 (major) Key Resistances Near-term Resistance: 5013, 5027 (major), 5039, 5045 (major) Major Resistances: 5081 (major), 5108 (major), 5125-30 (major), 5146-50 (major), 5190 (major) Trading Strategy Geopolitical Awareness: Remain vigilant about weekend news developments and potential market impact. Long Opportunities: Due to potential volatility, exercise caution with long positions. Prioritize bids at 4975 (a reaction may signal buying strength) or on failed breakdowns of overnight lows at 4963. For deeper longs, focus on major supports (4937, 4904), utilizing the knife-catch protocol. Short Opportunities: Look for backtests of 5045, 5081, and particularly 5108 for shorting. A breakdown below 4958 could open up downside targets. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Reclaiming Resistances: Bulls need to regain control by reclaiming 5045 and pushing back into the red channel/flag around 5108 for a sustained recovery attempt. Holding Support: Defending the 4996-5000 zone is encouraging for bulls. If 4958 holds on a retest, it may signal a relief bounce. Adding on Strength: Breaks and acceptance above 5013 could offer opportunities for adding to long positions. Observe closely to ensure it's not a backtest for a downside rejection. Bear Case Breakdown Signals: A convincing break below 4958 triggers the downside move, likely targeting 4937 or lower. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 22nd, 2024 Economic Environment IMF Global Financial Stability Report highlights optimism and expectations for policy easing. Verizon earnings report provides insights into the telecommunications sector. Focus on big tech earnings and their potential impact on market trends. Monitoring of economic indicators: commodity currencies, Asian shares, European currencies, and industrial output data from Poland, Taiwan, and China. Market Focus Sector analysis: Focus on communication services and energy sectors. Upcoming economic events: employment report, CPI report, and Bitcoin halving. Additional Market News Earnings season: Focus on major bank reports. Regulatory and legal updates: SEC activities and discussions on college debt and retirement planning. Reminder: The market is reacting to a mix of geopolitical events, earnings reports, and economic data. Prioritize risk management and adapt your trading strategy accordingly. Let me know if you have any further questions or would like changes made!Longby spytradingpro0
doji == moment of rest between the bull and the bearsI'm seeing EWT numbers as high as Fibonacci 1.618 or 5443.75.... However my knowledge of the pivots tells me, we are at just about at S 4.3 5009 and I think the market will raise. to R5 or R6 the normal Pivots cycle from daily lows, S5-S6 where we buy and daily highs R5-R6 where we sell. Kauai Dave's Pivots Traders.Longby dryanhawleyUpdated 3
ES Weekly Levels (Apr 22-26)Here are my levels after a few weeks off. Bullish trend was broken with the drop below the upward trendline. Now trading below key emas. Green box represents important support as price pulls back to key fibs and the 200 sma. Watch for outsized move in either direction due to option volatility. Bounce back into the ema cloud or break of support are equally possible. SUMMARY ES posted a weekly loss of 3.15% after trading in a huge 249 pt range ES is now below the 2021 high and the 9/21/55 emas Price has fallen for 6 consecutive sessions. R2 = 2021 High (5092) R1 = MTF 236 Fib RT (5052) S1 = Mar 29th High (4924) S2 = MTF 382 Fib RT (4885) Bias is now down to sideways as the upward trendline has been broken. 200 SMA price magnet in play Strong bounce from 200 sma/ trendline support is possible Econ data this week includes PMI on Tues, GDP on Thurs & PCE on Friday Huge week for earnings with Mega caps reporting including MSFT, TSLA, GOOGL & META. Global event risk is high Rate sentiment has changed from rate cut to rate hold or raise due to persistance inflation. RSI 29.68| VIX at 18.70 | 10 year 4.62% by WadeYendall3