SP500**SP500:** The price made a new high of 5146.00. The bullish trend is expected to continue.Longby simaoxceps0
Review Price Action ES OvernightGoing over ES price Action Overnight. what do we see and how do we want to trade today. Mondays have been pretty choppy lately. not expecting much today. letting Price do its thing. focusing on the leaders and setups. no setup no trade Monday.01:33by BobbyS8130
Will Global Stocks Keep Rising? How To Handle The Bull RunHey Traders, Lots of traders struggle to pre-empt potential falls in Markets. This is because they over-trade or over-leverage. This is particularly dangerous when you have extreme sentiment and greed in the Markets, causing traders and investors to buy continuously. The prospect of a home run is tempting to think about, but is it reality? Here's an inside look.Short09:03by WillSebastianUpdated 7
Short $MESNo big news today. The price action looks weak and consolidating. The next liquidity to be drawn is the 1 HR FVG. Shortby seventyfivekgtrader0
Review Sunday ES price ActionGoing over the Price action on Sunday. we broke out of a bull flag last friday and now we're filling in the bull flag. expecting chop on monday. giving price the room it needs for discovery and not expecting much for the trading day. will revisit price action in the morning.01:30by BobbyS8130
3/3 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 5,114Welcome to the Weekly Trading Plan, where we dive deep into market and volume profile analysis to navigate the dynamic landscape of trading. Each week, we dissect key market trends, identify significant support and resistance levels, and leverage volume profile insights to uncover optimal entry and exit points. Our approach blends technical precision with a keen understanding of market psychology, empowering traders to make informed decisions in the face of uncertainty. Through comprehensive analysis and strategic planning, we aim to capitalize on emerging opportunities while mitigating potential risks. Join us as we embark on a journey of discovery, mastering the art of trading through disciplined analysis and thoughtful execution. Welcome to a community where knowledge is power, and success is within reach. Let's chart a course to profitability together in the exciting world of trading. 3/3 Weekly Plan. ES Futures March ESH24 Weekly Pivot is 5,114 Targets 5,145 5,194 5,259 Targets 5,089 5,032 4,997 Now trading at 5,141 Alerts You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening 5,141 Weekly pivot at 5,114 Each weekly target. Side notes ES is currently OTFU in (D-W-M). Daily OTFU would come to an end if 5101.25 is breach during Monday's RTH session. 18:51by dhjesus1
ES has measured moves to 6150?ES has measured move AB=CD targets in the 5250 to 5425 and 6000 to 6150 areas.Longby gdh730
ES Futures My ContextThe last major two lows generated a possible channel bottom. In Sept 23, shorts broke a major level and rushed for the break of that line for a 3rd time. Really scary. They almost got it, but then the rally happened. Now we are out of balance to the high side, and have hope we can go higher, but not before we take a soft landing, IMO. Based on the channels created by price action AND horizontal fibs based on the high and low of covid 2020 to 2023, we have 4808.25 as a support level. Two key lines merge in early MAY 24. A fib line (61.8%) of the previous range on the channel, and the line defined by the previous all time high. We have now explored above, which is bullish, but will it sustain? We are currently 1/3 the way through a possible short term H/S event. If we crash tonight into tomorrow, market is done. I mean major correction. However, if we have enough momentum to define this H/S, we should only drop roughly equal to the height of that existing pattern. Thus, we will have, for now, preserved the current prices. Then, we can start bouncing between the pink trend lines, which were the real battle over this last couple weeks, but those are just entries and exits. The real battle should be won by end of H/S. Because we can then accumulate volume in this space below the high, but above 4808, before a very slow retest of key fibs as they combine May 2-5th or so. One more alternative exits. If we are almost done with the head and shoulders, and we get a last second break out, market would likely go into a bubble. But honestly? We're getting exhausted up here. Price action is sluggish. I'm just not seeing any interest in my charts to suggest the bubble option is valid anymore. And it's really a nice stable retracement to that old high of 4808. Just a few more months of sideways, _possibly a rate drop_, and the market can continue more steady, versus a hyperbolic crash or bubble. I'm probably more of a fan of the middle road. Flag out here, build some interest, then see where we are at. That's "healthy" to me. I think we all keep expecting more severe drama due to the recent memory of black swan events like COVID and FED influence, and this last rally. Plus, the draw back is probably Mag 7 only, we might even see small caps start to kick in while the correction is happening. But ya know, real traders don't use fibs because real traders scalp the 5 min chart because there is not predictability to the markets. :)by CaptainLogikUpdated 1
ES Weekly Levels (Mar4-8)On Friday, U.S. stocks surged to record highs, driven by a technology stock rally focused on AI. The Nasdaq achieved its second consecutive closing record, led by AI-related firms like NVDA and META. February marked the fourth consecutive month of overall gains, primarily attributed to AI and positive effects on semiconductor stocks. NVDA reached a $2 trillion market value for the first time, while AMD also hit a record high. Investors are cautiously monitoring potential Federal Reserve interest rate adjustments. Despite some economic weaknesses, signs of a rebound were seen, contributing to lower U.S. Treasury yields. Weekly results: SPX up 0.95%, NDX up 1.74%, DIA 0.11%. This week we look ahead to a slue of employment data including Nonfarm Payrolls on Friday. SUMMARY ES had a weekly gain of 0.86% after trading in a wide range of 89 pts. ES made another week ATH high R1 = LTF 1.618 Fib X (5147) R2 = HTF 1.13 Fib X (5231) S1 = MTF 1.618 Fib X (5120) S2 = 9 ema (5074) Uptrend remains intact above the upward trendline. Data weak enough to keep rates down but strong enough for earnings growth Market believes election year will provide support Key earnings reports = TGT, COST, AVGO, KR, RIOT, NIO, ROSS & JD Key econ data = PMI Tuesday, Boc Rate Decision Wed, Powell on Thursday & NonFarm Payrolls Friday Bias remains LONG absent any new information Limited resistance levels above make large whole number very important. Watch for small cap growth to finally take off. RSI 68.13 | VIX at 13.12 | 10 year 4.18% by WadeYendall1
ES- Bullish on all TFs, but a true gap to fill.ES initial thoughts on PA and weekly profiles alone. Bulls maintained the previous excess high, and we spent most of the week building value in the prior weeks upper distribution. There will have been a lot of stops above this excess high. does it mean sell? not necessarily. we're building value at higher prices on a week by week basis the market established value above the prior balance area----this is acceptance of the breakout. There are confluence levels to watch. Watch DXY to see if we have a break up. I believe my DXY analysis is published.by CableTraders0
ES - Weekly Healthy Sell-off Pending?With the Dollar set up to run on short term buy stops and CME_MINI:ES1! trading @ all time highs, a healthy pullback would be logical to expect. 5050 is the daily previous all time highs and even is we were to reprice down there, it doesn't mean that our bullish narrative has disappeared. First area in price of interest is 5080 with 5066.50 being the end goal. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTANShort20:00by LegendSinceUpdated 0
Every Bearish Youtuber Is saying this will happen...Every guy on youtube is saying "its time to crash, recession mcdonalds prices, wendys surge price, tech layoffs, banking crisis, civil war, world war three, inflation is BACK, Look out below, The crash has just begun, we were never in a bear market, until NOW!" It is so tiresome. But this is what they are all looking for so I guess keep this in the back of your mind and if it forms then look out below for real, but truly the market is bullish and we are gonna grind grind grind while people throw all their dollars into puts. This is the short squeeze of the century and no one knows where it goes. 550 TOP no way we break that right?by MikeSpy1
A technical uptrend has been reached in the S&P 500 The strong close on Friday and the S&P 500 created a technical uptrend in the S&P 500. Follow-through be expected on Monday but not a large range day. Look for the market to catch its breath on Monday.02:03by DanGramza2
Reviewing ES Days Price ActionGoing over the ES price action for today. took as many buy setups as we could. some worked some didnt work. overall the market just grinded higher all day long. best trades were the buy setups on strong stocks. 02:21by BobbyS8130
Watch out for selling on MondayI have long shared my idea, based on 5 years of backtesting, that Fridays are usually down days and Mondays are usually up days. But since today is Friday and we have just reached new ATH, watch out for selling on Monday, at least until we reach these 4th wave levels, then we can go up on the next 5th wave.Shortby dryanhawley117
EWT next Targets short new ATHAfter Being Bullish for 3 days and riding wave 5 up, we reachew new ATH. These are the brest place to short. new Targets on chart.Shortby dryanhawley1
ES SP500 LongPrice had a strong daily close today. Price disrespected the bearish orderblock by closing above it. I want to see discount H4/H1 levels respected to then look for M15/M5 bullish displacement to trigger long. Target PDH and PWH.Longby Tradius_TradesUpdated 2
ES UpdateMFI went overbought. RSI isn't there yet... Kinda tempted to make at least a small play with put options, we'll see.by hungry_hippoUpdated 336
Reviewing Moring Session ESGoing over the price action ES morning session. we held our support level and market making new highs on the day. keep looking for buy setups in strong stocks. Long01:14by BobbyS8130
ES DailyJust showing the daily plot, the reason why I'm so reluctant to go long is because there's so much MFI divergence on everything if you look at the daily. NVDA, PCAR (my fav, lol), every index, etc. There's still a chance that the algos pump it Monday to get 3hr and daily RSI into overbought territory. Holding off on any big trade until then. ECB meeting next Thu, logic would indicate that they need to take a more hawkish tone, but they're in the morons club with Powell and the Fed, so who knows, lol. by hungry_hippo3
Reviewing Overnight Price Action ESFeels so good to be back home :) now lets get back to business. what an amazing few weeks that i missed. hoped you all made some great decisions. 02:26by BobbyS8131
#ES_F Day Trading Prep Week 02.25 - 03.01Lets break down some structure and see if we can get clues and areas of interest for this week. Last Week : Last week we opened with a hold and consolidation under VAH of Previous HTF Range which built up enough Supply to give a sell to lower targets at the Mean and VAL, FED Minutes day we consolidated at at VAL with an attempt to break under which failed and inventory corrected back towards the Mean with and an after hours pump info VAH. Globex got continuation creating a big gap to the upside and an RTH push through the upper Edge into a new HTF Range. Friday to end the week we got a push into new VAL but failed to get inside Value and instead found selling that took us back under 5112.50 - 07.50 Key Resistance. This Week: This week we will have to see how the market will trade in this new Range. Right now we got a rejection from VAL and the push into this Edge was done during lower Globex Volume. Will enough buying come in at this area to give us a hold above/inside this Edge and we try to make another push towards VAL/ and new Value or will this push start running out of juice and we start coming back in filling the push with Supply. For now our range is 5012.50 - 5060.75, Current Intrarange Support 5095.50 - 92.50 Current Key Resistance 5112.50 - 07.50. For us to attempt anything higher into above VAL we would need to take out 5112.50 - 07.50 as we now have Supply above it which could keep us under. If we build up enough Supply or selling comes in to break 5095.50 - 92.50 we could see a move towards 5081 - 77.75, Key Support for this range would be 5065.75 - 60.75 this is bottom of the Edge we need to hold around for this break out to stay valid with hopes for higher continuation. If we can't hold this area then we can start coming back in targeting previous VAH/Value as it would be a failure in new range which could ultimately target lower Edge of Previous Range again. If selling is not strong then we could just balance in this new Edge/VAL/Mean area until enough supply builds up to come in or more buyers come in to keep going towards above VAH, this could take some time to resolve or if volume comes in then could see next move quicker. Best thing is to take it range to range level to level. Levels to watch : Current Key Resistance : 5112.50 - 5107.50 Targets above 5129 - 25 // 5144 - 40.25 Current Intrarange Support : 5095.50 - 92.50 Targets under 5086.25 - 81 - 77.75 // Key Support for any continuation lower 5066.50 - 60.67by HollowMnUpdated 1
3/1 Friday Trading PlanMarket Sentiment: Neutral Trading Plan for Friday Supports to Watch: Immediate Supports: 5093, 5087, 5078-80 (major), 5066, 5058 (major), 5052, 5041-41 (major), 5031, 5028, 5018-22 (major), 5013, 5009, 5004, 4998 (major), 4988 (major), 4976, 4965, 4956-69 (major), 4947. Resistances to Monitor: Key Resistances: 5100-02 (major), 5108, 5113, 5120-24 (major), 5131, 5140 (major), 5150, 5155-57 (major), 5163, 5170, 5179-81 (major), 5188, 5196, 5200 (major), 5210 (major), 5214, 5220-25 (major), 5232, 5240 (major). Trading Strategy: Capital Preservation Friday: Prioritize capital preservation over aggressive trading today. Limited High-Quality Setups: The market's recent price action limits the availability of clear, high-probability setups. Exercise caution and selectivity. Disciplined Trading Within the Range: The 5108-5066 range defines the current market; employ disciplined, level-to-level trading strategies within this range. Creative Approaches: The established range will require creativity in identifying trade opportunities. Bull Case: Trend Continuation: The bull market remains in control. Short-term focus is on the 5078-80 support level. Holding above this level primes ES for a breakout of the ongoing bull flag, targeting 5120-24 and potentially moving toward new all-time highs (5140, 5155-57). Adding on Strength (Cautiously): Look for opportunities to add to positions, but proceed carefully due to limited visibility on setups. Overnight flagging above 5087, while remaining below 5113, may offer a constructive setup for direct upward movement. Bear Case: Support Failure: Breakdowns below 5078-80 trigger the bear case. Expect retests of the support level and consider shorting on failed bounces around 5076. Breakdown Trades: Breakdown trades are risky (low win-rate, high reward potential). Proceed with caution or consider avoiding these setups if you find them unsuitable. In Summary: Prioritize capital protection today. Maintain awareness of the trend but focus on trading within the established range using disciplined and creative approaches. If 5078-80 support fails, a potential shift in dynamics may require adjustments to your trading plan. Top News for March 1, 2024 KeyCorp Earnings Calls Scheduled: KeyCorp has announced its schedule for quarterly earnings conference calls throughout 2024. Investors can access live audio webcasts via the company's investor relations website. Biodesix Reports FY2023 Results: Biodesix, a leading diagnostic solutions provider, has released its financials for Q4 and FY2023, highlighting substantial growth in Lung Diagnostic test volume and a solid gross profit margin. The company projects significant total revenue growth for 2024. Fox River Corporate Update: Fox River Resources Corporation has provided progress updates on its ongoing projects for 2024, including Battery Supply Chain Initiatives and Pilot Plant Phosphoric Acid Tests. Financial Rule Changes Effective March 2024: Key financial changes are set to take place in March 2024, including GST rule updates, FASTag deactivation, and bank holidays. Additionally, the fiscal year 2023-24 will close on March 31. Vanguard CEO Transition: Vanguard's CEO, Tim Buckley, who oversaw massive asset growth during his tenure, is stepping down. Lordstown Motors Settles with SEC: Electric-truck maker Lordstown Motors has reached a settlement with the SEC regarding disclosure issues surrounding its SPAC deal. Nasdaq Hits Record High: The tech-heavy Nasdaq composite index closed at an all-time high for the first time in over two years. Dell's Outlook Boosted by AI Adoption: Dell's shares rose in response to bullish annual forecasts driven by increased demand for AI-optimized servers. This indicates AI adoption is a significant growth factor for enterprise technology suppliers. Brazil's Q4 GDP Flat: Brazil's GDP in the fourth quarter of 2023 unexpectedly showed zero growth, missing market expectations slightly. New York Community Bancorp Shares Fall: Shares in NYCB have declined due to the discovery of 'material weaknesses' in its loan review processes. Disclaimer: Remember, this analysis serves an educational purpose; it should not be taken as financial advice. Always consult a financial advisor before making any investment or trading decisions.by spytradingpro0