End of 2023 market checkEnd of 2023 market check: S&P 500 Nasdaq Dow Jones Russell 2000 30yr mortgage Bitcoin Oil Gold by Options360220
S&P500 Long setupTraders, The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction. I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake. New: Long S&P 500 SPY target 4848.00 Stop 4695 Longby GrayTrader01Updated 333
12/27 Trading Plan - Tuesday Recap and Wednesday Trading Plan📊 Market Sentiment: Bullish Santa Clause Rally The market sentiment remains cautiously optimistic, with the S&P 500 pushing to newer highs. However, there's an undercurrent of caution with the risk of corrective consolidation. The main focus is on major supports at 4813-16 and 4800 to maintain the rally. A sustained hold above these levels will be crucial for the continuation of the upward trend. 📝 Recap: Historical Santa Rally Period Yesterday marked a significant rally, reaching a crucial resistance zone at 4830-34. With the holiday week in effect, trading volumes are expected to be lower as institutional and professional traders step away from the market. The current long position from 4799 is being trailed with a stop, indicating a protective strategy against market fluctuations. 🌏 Major Global Catalysts Stock Market Momentum: The S&P 500 is approaching record levels, carrying momentum into the shortened trading week after marking an eight-week winning streak. Investors are looking forward to the "Santa Claus Rally," a period of traditionally good days for stocks during the final five trading days of the year and the first two of the new year. Mortgage Rate Trends: Mortgage rates have dropped significantly, reaching their lowest level since mid-June. This decrease comes after the Federal Reserve indicated a likelihood of cutting the federal funds rate in the upcoming year. The lower rates are expected to increase homebuying activity in 2024. Global Market Movements: US equity futures edged higher, and the dollar remained stable as markets resumed post-Christmas. Asian stocks were mixed in light trading, with gains in emerging Asian currencies against a weakening dollar. Deal news, including the sale of Manchester United, lifted shares of some US-listed companies. Economic Forecasts: Analysts predict the global economy will slow further in 2024 despite easing pressures. Factors such as geopolitical tensions, the state of the US and Chinese economies, and the US presidential election will play significant roles in determining economic outcomes. Stock Market Review: The S&P 500 is on track to finish 2023 with a gain of about 21%. Despite various challenges, including inflation and rising interest rates, the US economy has shown resilience, and corporate profits are on the rise. Technology stocks have regained their lead, with mega-cap tech stocks contributing significantly to market gains. Gold Market: Gold prices have increased, heading for their first annual gain in three years. This rise is attributed to expectations of Federal Reserve rate cuts in 2024 and a weaker US currency. Corporate News: Intel plans to invest $25 billion in Israel after securing incentives. Manchester United's ownership saga concludes with a $1.3 billion deal involving Ratcliffe. Emerging Markets reflect on the lessons learned from a misjudged bet on China's post-pandemic recovery. Oil remains in focus amid geopolitical tensions, with the market watching for potential impacts on supply and prices. Nigeria has allowed banks to open accounts for crypto firms, signaling a shift in the regulatory landscape for cryptocurrencies. 📷 Snapshot Daily Data Sentiment Analysis: EMA 9, 21, 55: Indicating a bullish sentiment with closing prices above these EMAs. Overall Sentiment: Bullish. 4-Hour Data Sentiment Analysis: EMA 9, 21, 55: Indicating a bullish sentiment with closing prices above these EMAs. Overall Sentiment: Bullish 📉 Support Levels Major Support Levels: 4822, 4813-16, 4800, 4795, 4788-86, 4778, 4768, 4751-56, 4741, 4730-34, 4719, 4714, 4709, 4698, 4693, 4680-84, 4673, 4665-68, 4658, 4647, 4641, 4635. Note: Particular attention is given to 4800 and 4751-56 for potential scalping opportunities in a level-to-level move. 📈 Resistance Levels Major Resistance Levels: 4830-34, 4860-63, 4879-82, 4905, 4925, 4948-53, 5005. Note: 4854 and 4860-64 are identified as potential reaction zones for those interested in counter-trend trading. 📝 Trading Plan Bull Case Analysis: Current Sentiment: The market continues its bullish trajectory, with a focus on defending major support levels to sustain the upward trend. Key Strategy: Vigilance at key support levels, particularly 4813-16 and 4800, is critical. A defense of these areas could maintain the rally's momentum. Upside Targets: Key targets include 4830-34 and 4860 if support levels hold. The market's ability to stay above these supports is crucial for continued bullish sentiment. Risk Consideration: Be mindful of the thin holiday trading volume and potential abrupt market moves. Even as the trend remains positive, sudden shifts are possible and require quick adaptation. Bear Case Analysis: Market Vulnerability: A break below key supports at 4813-16 or 4800 could signal a shift to bearish sentiment. Critical Levels: The 4813-16 zone, followed by 4800, are pivotal. A sustained move below these levels could indicate a failed breakout and a potential sell-off. Short Entry Points: Should the market show weakness and break below the supports, these levels might serve as entry points for bearish trades, with a focus on managing risks and seeking confirmation. Downside Targets: Initial bearish targets would be the next major support levels, with each breaking point potentially leading to further downward momentum. Overall Outlook: Bullish Trend Continuation: The bullish perspective depends on the market's ability to hold above 4813-16 and 4800. Maintaining these levels could lead to further gains. Key Levels to Watch: Close monitoring of 4813-16 and 4800 is essential. These levels serve as the barometer for market sentiment on the day. Resistance Testing: Reaction at resistance levels will provide insight into the market's strength or weakness, influencing the day's trading approach. Risk Awareness: Preparedness for volatility is key, especially in a holiday trading context with potentially unpredictable moves. Strategy Adaptability: Flexibility and responsiveness to market changes will be critical in navigating the day's trading successfully. Today’s Outlook: Market Dynamics: The market's interaction with the identified support and resistance levels will dictate the short-term trend. The focus is on how these levels hold or break to determine the immediate trading strategy. Profit Strategy: A level-to-level approach is advised, with a readiness to capitalize on confirmed bullish or bearish movements. The plan includes being prepared for rapid shifts and ensuring trade entries and exits are well thought out and strategic. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.Longby spytradingpro4
Gimme my pullbacksUS Economy keeps going up Alarms set, waiting for lower prices to enter again. If price gets to a Premium and starts showing some Aggressive action I'm in short for a shortyby benjaminlombaert0
12/26 Trading Plan - Last Weeks Recap and Tuesday Trading Plan📊 Market Sentiment: Cautious Holiday Trading As we continue the holiday week, trading volume and liquidity are expected to decrease significantly with the exit of institutional money and many professionals on break. This typically results in choppier and less predictable price action, increasing the potential risk for traders. The holiday trading mode is expected to bring more subdued movements with occasional sharp volatility. 📝 Recap: Historical Santa Rally Period Last week, there was a noted failed breakdown of the overnight 4785 low, which occurred late in the trading day. The focus remains on key support and resistance levels, with a cautious eye on the choppier market dynamics typical of this time. 🌏 Major Global Catalysts Stock Market Momentum: The S&P 500 is approaching record levels, carrying momentum into the shortened trading week after marking an eight-week winning streak. Investors are looking forward to the "Santa Claus Rally," a period of traditionally good days for stocks during the final five trading days of the year and the first two of the new year. Mortgage Rate Trends: Mortgage rates have dropped significantly, reaching their lowest level since mid-June. This decrease comes after the Federal Reserve indicated a likelihood of cutting the federal funds rate in the upcoming year. The lower rates are expected to increase homebuying activity in 2024. Global Market Movements: US equity futures edged higher, and the dollar remained stable as markets resumed post-Christmas. Asian stocks were mixed in light trading, with gains in emerging Asian currencies against a weakening dollar. Deal news, including the sale of Manchester United, lifted shares of some US-listed companies. Economic Forecasts: Analysts predict the global economy will slow further in 2024 despite easing pressures. Factors such as geopolitical tensions, the state of the US and Chinese economies, and the US presidential election will play significant roles in determining economic outcomes. Stock Market Review: The S&P 500 is on track to finish 2023 with a gain of about 21%. Despite various challenges, including inflation and rising interest rates, the US economy has shown resilience, and corporate profits are on the rise. Technology stocks have regained their lead, with mega-cap tech stocks contributing significantly to market gains. Gold Market: Gold prices have increased, heading for their first annual gain in three years. This rise is attributed to expectations of Federal Reserve rate cuts in 2024 and a weaker US currency. Corporate News: Samsung has delayed production at its new US factory until 2025. Intel plans to invest $25 billion in Israel after securing incentives. Manchester United's ownership saga concludes with a $1.3 billion deal involving Ratcliffe. Emerging Markets: Goldman Sachs reflects on the lessons learned from a misjudged bet on China's post-pandemic recovery. The bank had anticipated a significant rally in Chinese stocks and a broader boost to emerging markets, which did not materialize as expected. Oil Market: Oil remains in focus amid geopolitical tensions, with the market watching for potential impacts on supply and prices. Cryptocurrency: The ousted Binance founder CZ's fortune grew by $25 billion in 2023, and Nigeria has allowed banks to open accounts for crypto firms, signaling a shift in the regulatory landscape for cryptocurrencies. 📉 Support Levels Major Support Levels: 4795: A pivotal major support, holding key significance for upcoming trading dynamics. 4779-83: Another crucial major support zone, acting as a potential turnaround point in the market. Minor Support Levels: 4772, 4766, 4750-55, 4741, 4734, 4724, 4719, 4708-10, 4699, 4690, 4682, 4678, 4670, 4660-63, 4648, 4641, 4630-33, 4624, 4614, 4606. 📈 Resistance Levels Major Resistance Levels: 4800: The first line of major resistance, potentially leading to more significant market reactions. 4808 and 4812-15: Described as a heavy, messy resistance zone; crucial for the day's trading strategy. Minor Resistance Levels: 4825, 4830-33, 4838, 4847, 4853, 4860, 4867, 4877, 4883, 4890, 4894, 4905-07, 4914, 4925. 📝 Trading Plan Bull Case Analysis: Current Sentiment: The market is showing continued bullish momentum, with the S&P 500 futures (ES) indicating resilience and an upward trajectory. Key Strategy: Focus on established support zones, particularly around 4740-45, to initiate long positions. It's critical to avoid impulsive trading and wait for the market to come to these levels. Upside Targets: Maintaining above 4740-45 could propel the market towards the next levels of interest at 4767 and 4788. For a significant bullish continuation, eyes are on surpassing the 4810-12 threshold. Risk Consideration: Despite the prevailing bullish sentiment, be mindful of recent selling pressures and market shifts. The landscape can change swiftly, requiring constant vigilance. Bear Case Analysis: Market Vulnerability: The market stands at a pivotal point; a drop below the 4740 support could shift the trend to bearish. Critical Levels: The 4740-45 zone is crucial; a breakdown here could serve as an early bearish indicator. Short Entry Points: If weakness appears, consider short positions near 4736 but ensure to avoid rash decisions. Wait for confirmatory signals. Downside Targets: A confirmed bearish trend could open opportunities towards 4715 and 4705-08 as initial targets for bearish profits. Overall Outlook: Bullish Trend Continuation: The bullish outlook is contingent on the market's ability to hold and rebound from the 4740-45 support area. Key Levels to Watch: Keep a close watch on 4740-45 for support and 4767 & 4788 for potential resistance or breakout points. Resistance Testing: Be attentive to how the market reacts at established resistance levels, as a breakthrough or rejection can dictate the next move. Risk Awareness: Anticipate increased volatility and the possibility of both upward and downward movements, staying ready to adapt as needed. Strategy Adaptability: Flexibility in strategy will be key, especially in responding to real-time market changes and sentiment. Today’s Outlook: Market Dynamics: The immediate focus will be on the market's interaction with the 4740-45 area, which will likely determine the short-term direction. Profit Strategy: Employ a level-to-level trading approach, ready to capitalize on either bullish continuation or bearish reversal, depending on how the market unfolds. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.Longby spytradingpro3
Weakness in trendEs failed to hold strength after open 30min session and never really showed strength to the upside with a continuation in delta weakness. Harmonics showing potential increase in weakness but will need VIX to confirm this in the coming daysby NSSC2021111
ESH2024 Market Analysis for the 25/12/2023 to 29/12/2023 WeekIn the following lines , we will analyse the weekly chart of the ESH2024. Indeed , the fact that the weekly candle that started on the Monday 11 December 2023 closed with speed above the Monday 24 July 2023 candle was an indication of bullishness. That was effectively confirmed with a up close candle on the week going from December 18 , 2023 to December 22 , 2023. So for the upcoming week , we will expect a repricing into the BISI formed during the weekly candle that started on the Monday 11 December 2023 , then a move higher.by yvanolinga110
ESH2024 Market Analysis for the 25/12/2023 to 29/12/2023 WeekIn the following lines , we will analyse the weekly chart of the ESH2024. Indeed , the fact that the weekly candle that started on the Monday 11 December 2023 closed with speed above the Monday 24 July 2023 candle was an indication of bullishness. That was effectively confirmed with a up close candle on the week going from December 18 , 2023 to December 22 , 2023. So for the upcoming week , we will expect a repricing into the BISI formed during the weekly candle that started on the Monday 11 December 2023 , then a move higher. by yvanolinga0
ESH2024 Market Analysis for the 25/12/2023 to 29/12/2023 WeekIn the following lines , we will analyse the weekly chart of the ESH2024. Indeed , the fact that the weekly candle that started on the Monday 11 December 2023 closed with speed above the Monday 24 July 2023 candle was an indication of bullishness. That was effectively confirmed with a up close candle on the week going from December 18 , 2023 to December 22 , 2023. So for the upcoming week , we will expect a repricing into the BISI formed during the weekly candle that started on the Monday 11 December 2023 , then a move higher. by yvanolinga0
Looking for reaction at -0.618 in this uptrendRun up build on stacked trapped shorts upon trapped shorts that are forced to pay top dollar. Makes for a pretty bad structure but as long as sellers drip feed the trapped ones, why expect a change in this period of book markup? Sorry shorts, you have been used and abused all year long. At this point, looking for some liquidations in the small to, believe it or not, entice more shorts to keep on learning their lesson so that we can get more guaranteed buying when they all realize there is not enough supply and they then have to claw back in despair for the profit of the assets gatherers... What a game...Longby PhilBack690
Levels for MES this weekAfter last weeks incredible failed breakdown we blasted back to the upside in which case I am sure took a lot of traders off guards. This week i will be looking for areas of supply on pullbacks and continue to buy this trend to the upside. With most data being out of the way lets look forward to the new year!!!!Longby takeatokebreak2
ES Weekly Bias - 17/12/2023DXY already took his daily sell side liquidity as NQ did too. I think it's the beginning of an SMT divergence between those assets before a reversal, but first ES will take his buy side at 4808.25.Longby lapogh96Updated 1
ESH range 4740-4850 before Jan 2024Standard Disclaimers: I am not licensed through FINRA, SEC, nor any other authority. This observation and speculation may be completely erroneous. It is not intended as financial nor as trading advice. CME_MINI:ESH2024 1 hour timeframe looks 66% likely to trend into a golden cross today. If it continues supported by hopes of a smooth landing, it may rebound to 4850. However, I anticipate inflation to remain between 2.5%-5.5% throughout 2024 due to supply, shipping, and logistics challenges, and international trade laws, etc.Longby TaggM1
12/21 Trading Plan - Today's Recap and Friday Trading Plan📊 Market Sentiment: Muted Santa Rally Expectations Despite some anticipations of a quieter Santa Rally this year, the market is expected to navigate through a "choppier" holiday season than usual. Flexibility and adaptability in trading strategies are emphasized over predictions. 📝 Recap: Historical Santa Rally Period Historically, the "Santa Rally" begins with the final trading session before the holidays, typically from December 22nd to January 4th. Over the last 30 years, this period has averaged a seasonal return of +1.4%. Yet, a significant drop-off in market activity is expected during the holidays, potentially leading to lower-quality trading. 🌏 The Markets Overnight: Market Closure and Projections The IMF has lowered GDP growth projections for advanced economies to 1.5% in 2023 and 1.4% in 2024, highlighting global economic slowdown concerns, while central banks, including the US Federal Reserve, raise interest rates to address persistent inflation. Emerging markets exhibit mixed economic trends, with weakened industrial activity but prospects for a 'Soft Landing' in some countries. China's growth has slowed in Q4, India's GDP outlook is positive for 2024, Brazil considers rate cuts, and Argentina faces peso devaluation issues. The US economy remains resilient with robust growth, buoyed by consumer spending and a strong job market, as the Biden-Harris Administration's policies aim to promote real wage growth and a healthy labor market in a context of reducing inflation. 🔍 Key Structures: Important Trading Zones Key structures to watch include a broad chop region between 4750-4810. The first major support zone lies at 4777-81, with any dips into the 4730s that recover from yesterday's low signaling strong buy opportunities. 📉 Support Levels: Support Zones for Trading Support levels are set at 4793, 4788, 4777-81 (major), 4772 (major), 4761, 4756, 4745-50 (major), 4737, 4732-34 (major), 4719, 4712, 4705-08 (major), 4698, 4692, 4685 (major), 4675, 4666, 4661 (major), 4648, 4641, 4625-30 (major), 4616, 4606 (major), 4591-93 (major), 4585. 📈 Resistance Levels: Identified Resistance Points Key resistance levels include 4797 (major), 4811 (major), 4816, 4822, 4830 (major), 4838, 4845, 4849, 4855-60 (major), 4871, 4876, 4883-86 (major), 4893, 4903-06 (major). 📝 Trading Plan: Strategy for Market Engagement The trading strategy focuses on holding the 4745-50 area, quickly buying up dips below this level. Bulls aim to maintain the 4777-81 zone on dips, test the 4811 level, and form a base for a potential upward movement through 4811. 📝 Trading Plan Bull Case Analysis: Current Sentiment: The market retains a strong bullish trend, with the ES (S&P 500 futures) demonstrating resilience. Key Strategy: Concentrate on key support levels, such as 4740-45, for long positions, and avoid chasing the market. Upside Targets: A hold above 4740-45 could lead to a bounce towards 4767 and potentially 4788. A major upward move necessitates reclaiming 4810-12. Risk Consideration: Stay vigilant of market shifts; despite the bullish trend, the recent selling adds complexity. Bear Case Analysis: Market Vulnerability: The market is at a critical juncture; losing the 4740 level could indicate a bearish turn. Critical Levels: Monitor the 4740-45 range closely for any bearish signals. Short Entry Points: In case of weakness, consider shorts with a trigger around 4736, while avoiding impulsive trades. Downside Targets: If a bearish trend confirms, look to profit from support levels at 4715 and 4705-08. Overall Outlook: Bullish Trend Continuation: The market may continue its bullish trend if 4740-45 sustains. Key Levels to Watch: Focus on critical supports at 4740-45 and resistance levels at 4767 and 4788. Resistance Testing: Monitor whether the market tests and breaks through higher resistance levels. Risk Awareness: Prepare for increased volatility and a bi-directional market movement. Strategy Adaptability: Be ready to adjust strategies based on market responses. Tomorrow’s Outlook: Market Dynamics: The focus is on the performance of the 4740-45 level for potential upward movement. Profit Strategy: Aim for level-to-level trading, adapting to both bullish and bearish scenarios. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.Longby spytradingpro3
DR IDR confirmation short + FVGDR IDR confirmation short + FVG from ICT to potential 0.5 or midpoint of previous RDR session to the left.Shortby ptwPTW0
SPX volume node markup 12/20/23The trend line is the most notable area for support, besides the high/low volume nodes that offer support resistance. Let your winners run and use these indicators to watch price action and sentiment when it approaches. by Geedubya77110
ES1! MoveBreak of 4hr trend Wanted price to pull back higher but price finally broke pullback structure Shortby richmoore85440
S&P 500 Futures continue with the Uptrend ☝️On S&P 500 is nice to see strong buying reaction from the price 4595.00 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... S/R zone from the past + Uptrend + Volume cluster are my mainly reason for this long trade.... Happy trading Daleby Trader_Dale6
12/20 Trading Plan - Today's Recap and Thursday Trading Plan📊 Market Sentiment: Shifting Tides Amidst Volatility Despite a recent downturn, the market remains in a robust uptrend. The S&P 500 Futures experienced a red day, triggering a sell-off, but the bulls are still in play, awaiting a reclaim of certain resistance levels. Critical for the bulls is the 4740 area; holding above this level could initiate upward momentum. However, a failure to maintain this could signal the start of a downward trend. 🌐 Pre-Market Overview Asian-Pacific Markets: Declines across most indices, with Hang Seng and Nikkei showing notable drops, indicating regional market uncertainty. European Markets: A mixed scenario with FTSE 100 gaining, while DAX shows minor losses, reflecting varied investor sentiment in Europe. Commodities: Oil and natural gas prices are down, indicating potential shifts in energy market dynamics. Gold and silver show minor declines amidst a volatile trading environment. Currencies: The Euro and Pound are slightly up against the USD, while the Yen shows a noticeable decline, hinting at currency market fluctuations. U.S. Treasurys: Minor changes in yields across various maturities, signaling a stable bond market environment. U.S. Indexes: Russell 2000 and other major indexes like NASDAQ 100 and NYSE experienced declines, pointing towards a cautious stance among U.S. investors. Sector Movements: Technology and consumer staples sectors are down, reflecting broader market apprehensions. 🌏 Major Global Catalysts Political Developments: Michigan considers removing Trump from the 2024 ballot, similar to actions in California, while Republicans consider strategies to disqualify Biden from ballots. This points to heightened political maneuvering ahead of the 2024 elections. Media and Entertainment: Warner Bros Discovery is potentially eyeing a mega-merger with Paramount, shaking up the entertainment industry. Additionally, Mediaite has declared its list of the most influential figures in media, including notable names like Hannity, Morning Joe, Megyn Kelly, and Drudge. International Tensions: Putin escalates military pressure, threatening to invade EU countries and expecting Western support for Kyiv to dwindle. In Asia, Chinese President Xi Jinping warns President Biden of his intention to take Taiwan by any means necessary, raising global security concerns. Health and Society: A study warns of a looming 'Pandemic of Inactivity,' potentially the next global health crisis. Meanwhile, the concept of 'sick shaming' leading to overmedication is gaining attention, and there are discussions about whether the USA is in a 'silent depression.' Technology and Science: Developments in tech include scientists creating a vaccine to lower cholesterol and the use of AI to predict life expectancy with chilling accuracy. Additionally, reports reveal that Twitter assisted the Pentagon in a covert online propaganda campaign. 📷 Snapshot Daily Data Sentiment Analysis: EMA 9, 21, 55: Indicating a bullish sentiment with closing prices above these EMAs. Overall Sentiment: Bullish. 4-Hour Data Sentiment Analysis: EMA 9, 21, 55: 9 and 21 showing a bearish trend while sitting above the 55. Overall Sentiment: Neutral to Bearish 📉 Support Levels Major: Watch for 4748, 4740-45, 4734, 4730, and 4724 for immediate support. Other crucial levels include 4715, 4705-08, 4698, 4690, 4684, and 4678. Minor: Key minor support levels to monitor include 4669, 4660-63, 4656-58, 4647, 4644, 4634, 4626, 4618-20, and 4613. 📈 Resistance Levels Major: Resistance levels to keep an eye on are 4756, 4766, 4772, 4781, 4788, 4797-95, 4810-12, 4820, 4826-29, 4838, 4853, 4860, 4868, 4875, 4882-86, 4903, 4913, 4924, 4933, 4946, 4952, 4962, 4976, 4990, 4497, 5006. 📝 Trading Plan Bull Case Analysis: Current Sentiment: Despite recent selling, the market's strong uptrend persists. The ES (S&P 500 futures) has demonstrated resilience, but now requires reclaiming key resistances to initiate upward movement. Key Strategy: Focus on key support levels like 4740-45 for long positions, with a cautious approach. It's crucial not to chase but wait for a test and acceptance of these levels. Upside Targets: If 4740-45 holds, there's potential for a bounce to 4767, and further to 4788. A major move upwards requires reclaiming the 4810-12 area. Risk Consideration: Be aware of the shift in market dynamics; while bullish sentiment is strong, the recent sell-off introduces new variables. Bear Case Analysis: Market Vulnerability: The market is at a pivotal point; a failure to hold 4740 could signal the start of a downward trend. Critical Levels: Pay close attention to the 4740-45 range. A breakdown below this could shift the market sentiment to bearish. Short Entry Points: In case of weakness, consider short positions with a trigger around 4736, ensuring disciplined trading without chasing. Downside Targets: If the bearish scenario plays out, subsequent support levels at 4715 and 4705-08 become relevant for profit-taking. Overall Outlook: Bullish Trend Continuation: The market might continue its bullish trend if 4740-45 holds, but traders need to stay alert for any shifts. Key Levels to Watch: Critical supports at 4740-45, and resistances at 4767 and 4788 will be crucial in determining the market's direction. Resistance Testing: If the market maintains its bullish stance, higher resistance levels could be tested. Risk Awareness: The market is more volatile with expanded bi-directional action expected. Traders should remain vigilant. Strategy Adaptability: Be prepared to adapt strategies based on the market's response at these pivotal levels. Tomorrow’s Outlook: Market Dynamics: The focus will be on whether 4740-45 holds for a potential bounce, or if it fails, shifting the attention to lower support levels like 4715 and 4705-08. Profit Strategy: Aim to take points level to level, with a clear plan for both bullish and bearish scenarios. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.by spytradingpro3
US Indexes: Read the emotion, predict and understand the future.Dealing in facts and logic, will always give you the best outcome. Using real data and reading between the lines is something anyone, in any walk of Trading can conduct. This story is one that you can see a mile off and one you can use to understand the natural order in which Markets actually work. Within the jungle of trading strategies that rely on all sorts, the only thing that actually remains as a fact is that people who make money buy low and sell high, regardless of timeframe or capital. You see, price movements, are ruled long term by market sentiment, relating heavily to the fundamental aspect(s) of trading. If people are interested in buying, or selling for a longer term move, they will normally do so based on either fear of a fall, or optimism/hope of a rise. In between this is the use of price points and price action to get better deals within the overall move. These two emotions are commonplace because they provide necessity. People who are worried their investments may degrade in value will normally look to sell them at the next available price, because its a necessity that they get the most value (or atleast they think) for the value of their contract, asset, whatever it is they've invested in. People who believe that their asset is undervalued and could, or maybe should cost more are likely to hold on the necessity that similarly they want to get the maximum value from their holding. It is natural to feel both emotions and they can be either a determent or a benefit to ones decision making. That's for another time, but in this instance, we can read both emotions via charts to determine what to look for in the future. Clear examples include, most recently, the crash in 2008 - 2012 and onwards recovery and growth in the US stock market. The Covid crash of 2020 and its subsequent boom in economic activity, followed by economic fears from war and money spent during covid bringing the market straight back down for a 50% Pullback/retracement, before rising further on improved optimism and sentiment. As you can see, on basically any chart, after a large rise comes a large fall, or at least somewhat of a fall. Its practically always after a period of intense optimism and belief that an asset will rise in value over time, not that day immediately, but at some point in the future. This hope drives prices higher and higher, but ultimately, they will always reach a saturation point. Similarly prices that fall for long periods often are followed by a larger rise to the upside on fading fears of a further fall. This is because they belief the market has finished falling, and it will now rise, or indeed that is has gone too low. Often in this case, the larger money market will be liquidating entries to gain the maximum value for their position. Whether you are looking at a rise in market value, or a fall in market value, the fact remains the same. It is, logically, and historically prove-able that you will be better off shorting at highs and buying at lows, or indeed, buying when traders are fearful of further falls and selling when they are hopeful of higher highs, hence the saying, 'buy low and sell high'. This, of course must be done in proportion, because selling with maximum leverage over your entire equity is obviously going to run the risk of total blowout of your trading account, which is not sustainable. Your risk, size and leverage must be inline with the potential for further up-moves, other open positions, and your equity overall. The current state of the US Index Markets is totally inline with the above. When looking at the S&P 500 Futures markets, you are at the point of optimism. Investors are buying on belief and changing economic data/anticipation of the likely success of the future US economy, just like they have continuously throughout history. So therefore, I would rather be short. This is entirely different from saying that I do not think it can go higher. I'd be absolutely not shocked at all if it does, as that is where sentiment is going. But I do know, that historically, if I am short in proportion at highs and high market value (in proportion with equity management rules) I am to be better off. This is the mind of all profitable traders/institutions alike. Whether the Market will rise or fall, is entirely open to interpretation. But it is a non-negotiable fact that ultimately, there will be a reason for fear in the Market as things change from an economic stance, or atleast the mood of Traders changes. This could be today, tomorrow, next week.. Coming very soon, we have US CPI data, FED Comments and further hints from the FED reserve in regards to monetary policy/rate changing. This will feed into markets as again, traders and investors alike look for the indication of recovery and market mood. Remember, buying highs is just a bad idea. This is the reason for the extremely high rate of failure in trading. I hope that helps. Trade it small.Shortby WillSebastianUpdated 997
MESH2024 shortTime to go down. Sold MESH2024 (March) at $4,788 My target is around $4,500. Shortby qyu001110
S&P 500Purchase on 4631 or 4330 / 4289. I am very bullish on the indices. For now I'm always right until I'm wrong. Un achat sur 4631 ou 4330 / 4289. je suis très bullish sur les indices . Pour l' instant j'ai toujours raison jusqu'a ce que je me trompe. Longby dartvide0