ES Morning Session Review 3-27-24Going Over Morning session ES looking for clues and trying to listen to what the market is telling us. 02:02by BobbyS8130
ES UpdateCrazy market, Euros with the pump again. Bailed on my AAPL puts for a loss, made it back day trading AFRM puts. I think I'm just gonna day trade for a few days, there's just crazy rotations everywhere. Today AAPL is up and NVDA is down, lol. QQQ went red. Nuts. I have no idea what the market is doing, not gonna post until inflation numbers come out Friday. Note that Friday is a holiday.by hungry_hippoUpdated 117
swing short on $spxwe are targeting 5168/62... 5157 should hold for market to keep going higher... Shortby LotusTrading20Updated 1
Over Night Price Action rEview ES 3-27-24Going over the OverNight Price Action ES looking for clues and coming up with multiple plans. 01:58by BobbyS8130
Trading Plan for Wednesday, March 27th, 2024Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to Monitor: Key Resistances: 5274 (major), 5281, 5286-88 (major), 5293, 5299 (major), 5305 (major), 5311, 5315, 5318-20 (major), 5328, 5336-38 (major), 5345 (major), 5354, 5365 (major), 5372, 5380 (major), 5392, 5399 (major), 5408 (major), 5416 (major), 5425, 5432, 5440-44 (major), 5448, 5457 (major) Trading Strategy: Support & Resistance: Watch for potential bounces on support levels 5266, 5247 (triangle backtest), or a deeper pullback to 5242. For shorts, look higher towards 5286-88 or the 5299 zone after a strong move up. Long Opportunities: Consider longs only on strong reactions to support levels, ideally with confirmed failed breakdowns for added safety. Short Opportunities: If considering shorts, strong moves up followed by signs of weakness near resistance zones could be potential areas. Focus on Reactions: Be adaptable – volatility can create opportunities and traps with equal measure. Bull Case Support Holds: As long as supports like 5266, then particularly the triangle backtest at 5247 hold, bulls maintain short-term control. Breakout potential: A decisive breakout above the flag pattern's resistance around the 5300 zone could lead to a surge towards 5318-20 and potentially new highs. Bear Case Breakdown Signals: Breakdown below 5266 followed by continued selling could trigger a move downwards. Look for potential shorting opportunities on failed breakdowns or bounces with extremely tight stops due to FOMC volatility. . News: Top Stories for March 27th, 2024 Regulatory Response to Bank Runs: Federal Reserve and regulatory officials prepare to announce new rules designed to prevent future bank crises, addressing lessons learned from last year's turmoil. Economic Outlook: Recent CPI data, comments from industry leaders and analysts provide insights into inflation trends, monetary policy expectations, and the global economic outlook. Market Performance and Expectations: A cautious outlook for 2024 due to various factors including geopolitical risks and monetary headwinds. Corporate News: Updates on legal settlements, management changes, and stock market debuts affecting companies like Visa, Mastercard, Boeing, and Truth Social. Legal Issues in Crypto: U.S. prosecutors file criminal charges against KuCoin exchange and its founders. Currency and Interest Rates: Tracking movements in the Japanese Yen and potential actions by the Swedish Riksbank.by spytradingpro0
looking for shortsprice seems to be looking for liquidity to gain strength to push down. I am using the fib to find optimal trade discounts. Shortby AT-3U115i0
Inside day for WednesdayThe expectation for the S&P 500 is an inside day on Wednesday as the market evens up midweek.01:26by DanGramza1
ES1! evening updateBullish count (in green) has us working on wave 5 of 3 of 3 of 3. Bear count (in red) has us completing wave 5 of C of Y of B. Both counts have upper limit of 5443.75 for validity. Bullish count would have wave 4 of 3 of 3 complete in the 5100-5200 area. Bearish count is looking for a market top.by discobiscuit0
ES updateIndicators neutral, not much of an MFI pump so far. Maybe RSI needs to hit oversold before we get the next pump. Market appears more afraid of missing the next pump than it is of the next dip. I don't recommend shorting anything. If in doubt, just go cash, and buy when RSI hits oversold. BTFD, don't fight the Fed, Powell is in complete pump mode. Lots f garbage stocks up today, BYND and PTON are at the top of my board along with crap like W, NET, AFRM, LPSN. That pretty much tells you everything you need to know. I only recommend doing options when indicators hit oversold or overbought, right now indicators are neutral. I suppose you could gamble on a garbage stock and hope for a short squeeze, like maybe BYND. Not really my thing though (but I have done it before).by hungry_hippoUpdated 229
LONG 3/26/24Daily uptrend, 1hr demand entry, targeting 5:1 RR since ticker at all time highs. Longby aidankelleher0
Trading Plan for Tuesday, March 26th, 2024Trading Plan for Tuesday, March 26th, 2024 Market Sentiment: Cautious, consolidation after rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5274-76 (major), 5267, 5263 (major), 5257, 5247-51 (major), 5243, 5235, 5228 (major), 5221, 5217, 5212, 5200-03 (major), 5194, 5190 (major), 5179, 5171, 5167 (major), 5163, 5152-55 (major), 5147, 5137, 5126 (major), 5115 (major). Resistances to Monitor: Key Resistances: 5281, 5288 (major), 5292, 5299-5303 (major), 5307, 5311, 5316 (major), 5320, 5329, 5337 (major), 5346, 5351, 5356 (major), 5364, 5371, 5380, 5386 (Major), 5392, 5408 (major), 5416, 5426, 5434-37 (major), 5443-5446 (major). Trading Strategy: Tight Range: Be prepared for continued choppy trading within the range defined by the multi-day flag structure. Trade with caution and focus on range-bound strategies or consider sitting out. Flag Structure: Observe the bull flag structure with support around 5274-76 and resistance near 5288 and the 5300 zone. A decisive breakout or breakdown could provide a clearer directional signal. Long Opportunities: Look for potential long entries at 5274-76, particularly after a retest and reclaim. If this level fails, be extremely cautious about longs and consider bids only at major support levels like 5263 and 5247-51 (triangle back-test). Watch for failed breakdowns for added confirmation. Short Opportunities: Counter-trend shorting on strength carries significant risk, particularly within the flag structure. Use extreme caution if considering shorts near 5288 or the 5300 zone. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Let price discovery unfold within this consolidation pattern. Bull Case Flag Breakout: A breakout above the bull flag resistance around 5288 and further above 5300 could signal a continuation of the uptrend, targeting 5316, 5338, and ultimately 5350+. Support Holds: As long as 5274-76 holds, the bulls remain in short-term control. Look for potential add-on points if a breakout occurs, preferably after acceptance or a failed breakdown. Bear Case Breakdown Signals: Breakdown below 5274-76 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 26th, 2024 GameStop Earnings: Focus on the GameStop earnings report and its potential impact on the stock market and meme stock sentiment. Federal Reserve Updates: Stay informed about the Federal Reserve's interest rate plans and their impact on market sentiment, particularly concerns about a potential market crash. Global Economic Developments: Monitor updates on economic conditions in Germany, the U.S. housing market, and the China-U.S. trade dispute. U.S. Economy: Analysis of the U.S. economy's resilience, and the implications for the Fed's possible rate cut plans. Stock Market Performance: Track stock market movements, including updates on the Sensex, the Nifty, and the impact of new home sales data in the U.S. Banking and Regulations: Examine the impact of Basel III regulations on the APAC banking sector and the outlook for emerging markets. U.S. Fiscal Policy: Consider the CBO's warnings about rising U.S. federal debt and the increasing cost of debt servicing. Remember: The market is consolidating after a strong rally. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.by spytradingpro1
a daily price action after hour update - sp500 e-mini futuresGood evening and i hope you are well. I was totally already writing the update with the most annoying small trading range price action in mind (obviously not the dax) but then the bears used the power hour to extend the range downwards. If anything i’d guessed we close near the open. Interesting going into tomorrow and if bears can generate follow through or at least keep bulls below the lower highs. sp500 bull case: Still a rather weak bear flag and daily 20ema is still 50 points away. If the bulls are still eager and strong, they wont let the gap close to 5250 or let the market reverse Wednesday’s breakout. If we trade below, i expect them to buy more strongly around the lower bull trend line 5220ish. I do think the sell off into the close today was unexpected. bear case: If bears fail to generate follow through tomorrow, market for sure will retest 5324. If we get follow through, next targets are 5250 and 5220. There is a less than 5% chance that the market will break this bull trend line on the next touch. Best bears can probably get is a trading range 5250 - 5324. Measured move from the bear bar into the close is around 5240, which is also where the trend line could be, depending on the time we arrive there. short term: Neutral - means sideways. If bears won’t step it up, we retest 5300 and higher. Invalid below 5220. Then next would be the bull trend line (depending when we reach 5230) and below that is 5200. —unchanged medium-long term: Below 5200 i keep my bearish thesis as drawn (weekly outlook). above we can go much higher before down. we could also range above 5000 for many months without going nowhere. i expect earnings to become weak in this quarter but could take next one as well. trade of the day: Deadly price action for your account if you gamble and are not comfortable with small trading ranges. I think the odds from bar 17 to today’s 7, were clearly bullish and bar 8-11 was just a pullback. I think market was expecting to trade above 13+14 again because the range was so tight and the bull leg before was strong enough for a retest 5300+. That could be a reason why 17 was so strong, many traders cought on the wrong side and quickly gave up. How do you trade it? Either you are good a small scalps or don’t trade it at all. Other possibility could have been, you were short from bar 8 or at least short from above 5290, then you could have hold just into close. But who is short from there, when market is clearly bullish.by priceactiontds0
Possible downward channel MESI like this look here on the 15 minute chart short at the top of this downward channel could bring in a nice bit of profit Shortby jlevtrading10
Wait for the retracementIf your late or miss the breakout be patience and wait for the retracement. don't chase price.1by dclemens5610
OverNight Price Action review ES 3-26-24Going Over Price Action ES Overnight session. looking for clues and trying to listen to what the market is telling us. Long02:31by BobbyS8130
bullisj Shift in ESICT's Market Structure Shift the shift is created by the when 2 short term lows (stl) form with an Intermediate low (itl) in between. Anticipate higher prices.Longby dclemens561Updated 0
NY AM Session Silver Bullet NY AM Session Silver bullet setup! 8:30 candle displaces creating a market structure shift and creating a FVG on the 5 min chart. Price then retest the 5 min. FVG (time distortion) until 9:45 then displaces offering 10 handles. Textbook 2022 model setup. Longby dclemens5611
Day Session Price Action REview ESGoing over the price action ES and looking for clues. trying to listen to what the market is telling us vs trying to predict the next leg of Price Action. always know where you'll get out if you're wrong. 03:15by BobbyS8130
Wants to go higher.The S&P 500 market structure after 2 days of selling implies reaching a level that buyers may return to this market. Be cautious on the short side on Tuesday02:07by DanGramza3
ES continues Bearish ES continued bearish after reaching the breaker target friday afternoon. NY AM session provided a retracement and another breaker for a late afternoon short.Shortby dclemens5610
Morning Session ES Price Action REviewGoing over Price action morning session ES. looking for clues, taking shots, and managing Risk. Always know where you'll get out if you're wrong.01:54by BobbyS8130
SP500**SP500:** New all time high at 5323. The bullish trend is expected to continue.Longby simaoxceps0
compare two chartsThis is a tripple thrust pattern. After 5 waves UP, we get a series of lower highs, then a bear 5th wave down.Shortby dryanhawleyUpdated 1