Use Case for LuxAlgo's Delta Volume Bars indicator This is how I have been using this indicator, coloring the divergence bars a separate color helps them stand out and makes it easy to build the rest of the model around the strong volume in the bars. Educationby cmiller1l660
Market Recap: Took 3 Winner But Left A Bunch On The TableToday was a great day to trade. Prices were both up and down in a trending manner. Some might call it a trendy day lol. I cover 3 trades that I took and why I took them. Excuse the distractions today, lots going on in my house. LMK if you have any questions regarding the setups. 04:21by JoeRodTrades1
ES/SPX 500CME_MINI:ES1! / SP:SPX So I'm back in the markets, this is what I have for ES/SPX 500. It is currently on a down trend or pull back, doesn't matter to me. What matters is that it is approaching a solid support line and needs to do a minor pull back after today's sell off. I'm buying at this zone TP will be right under the next resistance area. If it breaks or rejects that level, doesn't matter because I have already made money on that trade. Don't worry about the if, worry about the 'what" market will do and why. Trading can be very simple sometimes, just remove the noise to see better.Longby ForexforCristian0
Will sellers maintain controlWill sellers maintain control in the S&P 500 going into the weekend? Buyers did come into the market on Thursday but failed to hold and sellers pushed the market lower. Another possibility is sellers taking profits on Friday as we go into the weekend.01:51by DanGramza2
S&P 500 Bounces Around POCES did a classic dive from slightly below the POC to VAL, jumped up to the VAH, and now dropped back to POC. by ABSResearch0
Will NVDA Gap Hold for ES?E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5062.25, down 30.25 NQ, yesterday’s close: Settled at 17,658.50, down 222.25 E-mini S&P and E-mini NQ futures finished lower for the fourth session in a row. Most crucially, the S&P tested our rare major four-star support at 5044-5055, this pocket aligns multiple indicators as well as the gap close on February 21st, ahead of NVDA’s earnings release. Given the relentless move down, failed bounce attempts and this critical area of support, it is imperative the bulls show up today. Bias: Neutral/Bullish Resistance: 5078-5082**, 5094-5097***, 5110*, 5119-5123.25***, 5127-5131.75***, 5147.25-5153.75***, 5162.75-5167.25***, 5182-5185.50**, 5207.75-5213*** Pivot: 5069.50-5075 Support: 5062.25***, 5044-5055****, 5026-5027.25**, 5018**, 4983.50-4994.25**** NQ (June) Resistance: 17,767-17,796***, 17,850-17,874**, 17,959-17,988***, 18,051-18,072****, 18,131-18,167***, 18,226-18,254***, 18,326-18,343*** Pivot: 17,719 Support: 17,604-17,638***, 17,463-17,493***, 17323-17,372***, 17,106*** Micro Bitcoin (April) Yesterday’s close: Settled at 61,130, down 1,790 Bias: Neutral/Bullish Resistance: 63,350-63,700**, 64,660-64,937****, 66,555-67,595***, 68,172-68,590*, 70,410-70,800**, 71,795-71,815**, 72,110-72,530**, 73,410-73,600*** Pivot: 62,535 Support: 61,632-61,680***, 59,700-60,830***, 57,410-58.250*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
OverNight Price action review ES 4-18-24Going over the price action OVernight ES looking for clues to what the market is telling us. no setup no trade day. We are in a confirmed Down Trend.03:08by BobbyS8130
Trading Plan for Thursday, April 18th, 2024Trading Plan for Thursday, April 18th, 2024 Market Sentiment: Mixed, with traders weighing the implications of inflation, economic signals, and potential shifts in Federal Reserve policy. Key Supports Immediate Supports: 5066, 5060, 5054 Major Supports: 5045-47 (major), 5038, 5000-5005 (major), 4990, 4966, 4932-36 (major) Key Resistances Near-term Resistance: 5082-77 (major), 5090, 5103 (major), 5115-5120 (major) Major Resistances: 5148-50 (major), 5170-75 (major), 5191, 5224, 5287 (major) Trading Strategy Focus on Key Levels: The market is sandwiched between critical support at 5045-47 and resistance at 5082-77. Breakouts in either direction will determine the next directional move. Long Opportunities: Look for bids at 5045-47 with failed breakdowns, or at major supports (5000-5005 if reached). Prioritize knife-catch protocol for deeper longs. Short Opportunities: Consider shorts on backtests of the 5082-77 zone, 5115-20, or 5148-50. A failure of 5045-47 opens the downside, with potential shorts below 5037. 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 reclaim 5077-82 for a strong signal, then potentially 5115-20. Holding Support: Continued defense of the 5045-47 trendline is encouraging for bulls. Re-tests and quick recoveries signal buying strength. Adding on Strength: Breaks and acceptance above 5077-82 could offer opportunities for adding to long positions. Bear Case Breakdown Signals: A convincing break below 5045-47 triggers the downside move, likely heading towards 5000. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting. News: Top Stories for April 18th, 2024 Economic Environment Inflation declines but remains a factor in market analysis. Corporate profits show resilience. Potential for a record-breaking expansion cycle in the US. Uncertainty surrounding persistent inflation or negative economic news. Global Markets IMF Global Financial Stability Report discusses market optimism and expected policy easing. Reminder: The market is reacting to key levels and economic data. Prioritize risk management and adapt your trading strategy accordingly.Longby spytradingpro2
ES Daily UpdateNot oversold yet, if you're looking to play the bounce, I suggest waiting until next week. I anticipate an Israeli attack before Monday anyways.by hungry_hippoUpdated 5
ES Midday ActionWTF was that? 15 minute pump, 15 minute dump. Talk about a bull trap. I don't recommend going long until after Israel bombs Iran, that should cause the daily to go oversold. Look to play the bounce a day or two after it happens. Note: 15 min chart, ignore the indicators, they just show up because of my templateby hungry_hippoUpdated 227
Market Recap: Did We Predict The Week On Sunday?This is nothing new TBH. Strong work on the weekends pays off during the week. Today we had another downward trend day that saw sellers become buyers and then back to sellers again trapping bulls. This should add conviction for an overnight leg down. Several pullbacks appeared that would've paid off today as well.04:16by JoeRodTrades2
Caution on the short side.Sellers named in control in the S&P 500 on Wednesday. We are approaching levels that buyers have entered the market in the past. So, be cautious on the short side.01:19by DanGramza2
Reviewing ES price Action 4-17-24Going over the daily price action for ES looking for clues as to what the market is telling us and trying to Listen vs impose our bias's and will.03:19by BobbyS8130
ES1! afternoon updateBull count in green, bear count in red. Area in orange ellipse started off as chop monster, more impulsive action since 12 April. Given the depth and price action since ATH, odds moving strongly towards top being in. I am now watching for a larger (and more complicated) leading diagonal setting up. Even we get a (temporary) bottom today and move back towards 5200, I think bears will set in again and send us lower.by discobiscuit0
ES UpdateWell, I posted last night that I wasn't gonna trade. Expecting a bounce tomorrow, but probably too small to make it wort teh risk. If a market can melt up, it can melt down as well. My advice is to just stay cash and take a break.by hungry_hippoUpdated 7
S&P 500 index heading another low | Crypto will followAccording to Fibo and Volumes seems we sortly heading 4800-4900 range. Which is very avearage and normal correction around 9-10%. Lets see if we go more deep, but I expecting a bounce back and new ATH. Crypto will follow same sentiment.Shortby comrender_investments0
Trading Plan for Wednesday, April 17th, 2024Trading Plan for Wednesday, April 17th, 2024 Market Sentiment: Uncertain, as investors digest comments from Federal Reserve Chair Jerome Powell and assess their implications on the timing of potential rate cuts. Key Supports Immediate Supports: 5091, 5082 (major), 5076, 5068 (major) Major Supports: 5046-51 (major), 5038 (major), 4996-5000 (major) Key Resistances Near-term Resistance: 5097 (major), 5108 (major), 5115, 5126-29 (major), 5155 (major) Major Resistances: 5171 (major), 5188-90 (major), 5225-30 (major), 5280-83 (major) Trading Strategy Monitoring Fed Commentary: Stay updated on further statements from Federal Reserve officials as they will influence market direction. Range-Bound Trading: The 5082-5115 zone remains a choppy range. Focus on failed breakdowns within this zone, or holding position runners. Long Opportunities: Look for bids at 5091 (after multiple successful tests), reclaims of 5082, or failed breakdowns at 5076. Knife-catch protocol applies for any deeper longs, particularly at 5046-51. Short Opportunities: Consider shorts if backtesting breakdown zones like 5126-29, 5155, or 5171. Prioritize a failure of 5082 on the short side. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Reclaims are Key: Bulls need to reclaim breakdown zones, starting with 5126-29, then 5171 to signal a potential short-term bottom. Holding Support: A sustained hold of 5082 could lead to a bounce and backtests of the resistances listed above. Adding on Strength: Breaks above 5108 after acceptance suggest potential for more upside. Bear Case Breakdown Signals: Bears maintain short-term control until bulls can reclaim key levels discussed above. A failure of 5082 is a warning, with shorts below 5068 targeting 5046-51 (where runners would likely be exited). As always, be wary of traps – look for a bounce/failed breakdown first. News: Top Stories for April 17th, 2024 Federal Reserve Focus Jerome Powell's comments emphasize that inflation remains above the Fed's target, hinting at a delay in interest rate cuts. Investor expectations for rate cuts have been adjusted, with a maximum of three cuts now anticipated, starting in June at the earliest. Market Performance & Sectors S&P 500 hits new all-time highs but experiences volatility following Federal Reserve commentary. Technology stocks, especially those in the AI sector, continue to outperform. Communication services and energy sectors receive a high percentage of analyst buy ratings. Earnings & Corporate News Big banks kick off the earnings season, providing insights into the financial sector's health. United Airlines faces aircraft delivery delays and adjusts its strategy. International Economic & Monetary Policies President Biden's proposed tariffs on Chinese steel aim to protect domestic industry. ECB plans for near-term rate cuts raise questions about the European economic outlook. Additional Market Updates Cryptocurrency market dynamics, including Bitcoin halving cycles. Geopolitical tensions between Israel and Iran and their potential economic implications. Chinese economic growth. Housing market trends and government tax policies in Canada. Reminder: The market is reacting to Federal Reserve commentary. Prioritize risk management and adapt your trading strategy accordingly.Longby spytradingpro1
Will the channel hold?I don't trade the ES but this channel has been holding since the beginning of the year. Right now could be a good time to enter a position.Longby yann2zenUpdated 0
Head and shoulders on ESForgive me for using MES, but it’s easier because I don’t have to clear any existing markup. I’ve been watching this H&S pattern form for a while now and looks very clean on the 8 hour chart here. The measured move for the breakdown takes us to 5000. I expect that we retest the neckline and clean up the imbalances (FVGs) in the process before we ultimately get rejected and move towards 5,000 over the next couple of weeks. It just so happens that the .618 fib lines up exactly with the neck line if you pull the fib from the last swing high to the current swing low on the 8 hour. Weekly momentum also suggests we go lower and overall economic indicators seem to suggest a bigger correction is coming. This very well could be the start of a bigger correction, but my immediate targets will be a retest of the neckline and a measured move down to 5000.Shortby Uplift32221
Transition structureThe price action that we saw in the S&P 500 on Tuesday has the potential for a change in market direction. The key on Wednesday would be for the market to trade above Tuesday's high and give a stronger close above that high. 03:08by DanGramza2
Market Recap: Zooming Out To Get More ContextWhen the day started there wasn't much to see in terms of price action. I needed to zoom out to get some perspective on the market and the hourly timeframe provided just that. We had some climatic activity to the downside where the market could reverse. Early in the morning, it did exactly that but then the news hit, and the day got crazy. Education04:07by JoeRodTrades1
S&P500(US500):🔴Is it Bearish...?!🔴(Details on caption)By examining the ES1! 4-hour chart (S&P), we can figure out that, the market structure is bearish, so we looking for a sell position. In that case, the price had a bearish reaction to all of the bearish Pd Array, so we can expect a bearish reaction on the balance price range (BPR). In my perspective, sell-side liquidity is a draw on liquidity. Until this sell-side is not purging I don't think about buy position. 💡Wait for the update! 🗓️15/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌Shortby VahidTradingCRUpdated 115
OverNight Price Action rEview ES 4-16-24Going over the price aCtion ES overnight and from the last couple weeks. looking for clues and trying to listen to what the market is telling us. We ARe risk managers first. 01:47by BobbyS8130