Will there be confidence going into the weekendWill the S&P 500 demonstrate confidence with a positive close above Thursday's high as we go into the weekend. The expectation is for a higher close on Friday.01:28by DanGramza1
Reviewing ES price action Thurs Mar 7Going over the price action ES watching for clues and trying to listen to what the market is telling us. took some paper cuts today. bot NVDA TSM GFS LVS META. replay today as it was a great day to replay.02:22by BobbyS8130
S&P 500 approaches key resistance at 5165Watch This Resistance Level on the S&P 500 ( ES Futures ). ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.by CryptoTrend-Alerts2
RTH Morning Price Action Review ESGoing over the RTH Morning Price Action ES. trying to decipher the clues and make some good decisions. don't fight the trend and still looking for buy setups but we are in the chop session and starting to see signs of topping patterns.01:08by BobbyS8130
ABCD Pattern Completion E-Mini S&P500 ShortLooking for correction on ESH24 after ABCD completionShort01:01by EconomicAlpha112
03/07 Pre market planGood morning guys, we have this morning the market keeping the rally from yesterday. The price bounced 5090 and its finding some resistance at 5136, we need to be carefull right now, we dont want to get trapped in a bad trade, be patient and just let the market tell you what is going on. If we cant go through this 5136 maybe we gonna see a good sell off by SrSovi0
OverNight ES Price Action REviewGoing over the price action ES over NIght. watching for clues. getting our plan put together. looking to buy the strong and sell the weak. on setups. follow your own plan. dial it in and OWN your trades. that's our goal for today. 02:31by BobbyS8130
3/7 Thursday Trading PlanTrading Plan for Thursday Market Sentiment: Neutral Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5100, 5093 (major), 5087, 5082-79 (major), 5078, 5070-73, 5058-60, 5052, 5045 (major), 5033-36 (major), 5028, 5018-20 (major), 5013, 5008 (major), 4998 (major), 4988, 4978, 4969, 4965-63 (major). Resistances to Monitor: Key Resistances: 5108 (major), 5112, 5121 (major), 5126, 5130-33 (major), 5140 (major), 5146, 5154, 5163, 5171 (major), 5182 (major), 5195, 5203-5206 (major), 5216, 5223, 5228 (major), 5235, 5240 (major), 5247, 5258-61 (major). Trading Strategy: Range-Bound Market: Trade with caution within the newly established range between 5093 and 5130-33. Exercise discipline and focus on key levels for potential trades. Long Opportunities: Look for potential long entries at 5108 (if back-tested), 5093, or on a failed breakdown of today's lows (5099-5100). If 5093 fails, aim for longs only at major supports; consider a failed breakdown of yesterday's low (5063) as a possible trade setup. Short Opportunities: Selling opportunities may emerge at the 5130 level if resistance holds. As always, avoid shorting green candles. Bull Case: Short-Term Focus: Bulls maintain control on higher timeframes. Failure of 5033-36 would signal the first step towards a trend shift. Focus on the immediate term; holding above 5093 allows for a base-building pattern between 5093 and 5130, with upside targets of 5140, 5146, and ultimately 5180. Bear Case: Breakdown Signals: Loss of 5093 raises caution, particularly if the 5079-83 support fails, triggering a deeper selloff. Exercise caution with breakdown trades and wait for clear signals. In Summary: The trend remains bullish, but increased volatility warrants a cautious approach. Pay close attention to the 5093 and 5130-33 levels. A breach of 5093 opens up opportunities for deeper retracements. News: Top Stories for March 7, 2024 Stock Market Rally Continues: The S&P 500 saw a strong February with a 5.34% gain and maintains a YTD total return of 7.11%. Investor confidence in the Federal Reserve's potential for a soft landing remains high. Recent earnings reports continue to surpass expectations. Federal Reserve Policy Shifts: Strong economic data may lead the Fed to postpone interest rate cuts previously expected to begin in March. Although Fed Chair Jerome Powell suggests the Fed's policy rate is likely at its peak, potential rate cuts may only materialize later this year. Economic Outlook: While FOMC officials are not anticipating a recession, they project a significant slowdown in the U.S GDP growth in 2024. The technology sector, with a particular emphasis on AI companies like Nvidia, continues to demonstrate robust earnings growth. Global Market Developments: China reduces a key interest rate to stimulate its property sector. Asian markets show mixed performance, with Japan's Nikkei reaching notable highs. Corporate and Banking Highlights: New York Community Bank receives a $1 billion investment from entities including former Treasury Secretary Steven Mnuchin's company. Lufthansa reinstates dividends on the back of increased profits. WuXi Companies' shares experience a decline amidst renewed U.S. sanction concerns. Cryptocurrency Trends: Bitcoin's price surge is linked to its limited supply. Regulatory Updates: The SEC approves a revised climate disclosure rule, easing requirements for companies to report certain emissions. Investing Insights: Analysts from JPMorgan, Fidelity, and Morningstar offer perspectives on economic growth, inflation, corporate profits, and stock market valuations, emphasizing that despite potential economic slowdown, opportunities exist for investors across various asset classes. Other Major Developments: RBI takes action against Paytm Payments Bank in India. AstraZeneca announces a £200 million expansion investment in Cambridge, UK.by spytradingpro0
Nice levels. ES providing simple levels in this region. Support. 1. 5060. 2. 4959. Resistance. 1. 5123. by Spyoptions5000
Market waiting for information.With continued fundamental information expected on Thursday and Friday, the market is waiting for continuing fundamental information to support a directional move.02:00by DanGramza1
ES updateIndicators are neutral, the big news tomorrow is ECB meeting premarket. Bunch of retailers reporting earnings this afternoon as well, but ECB will have a bigger impact. Inflation numbers Tuesday, I think I'd rather bet on that than the ECB. I'm still bearish, but ou have to have good timing to make any money shorting anything.by hungry_hippoUpdated 226
ES price Action Review wed 3-6-24Going over the price action for ES March 6. gathering clues to what we should have done. going over our morning game plan and how it turned out. very difficult day today. technically challenging. rest and spend some time with loved ones. We battle tomorrow. 02:42by BobbyS8130
Bears react to stock market climbBears have been so wrong this whole rally. They are busy soothing their anti-America bias, and don't understand the basics of money flows or monetary principles in a credit-based system. They call for crashes based on feelings, every dip is going to be a crash, market narrowing is seen as risk. They start from their preconceived notion of how the market should behave and work backwards to explain why it is not behaving that way. Instead, they should concentrate on what is making it behave the way it is, and then work forward building out a theory. In a pre-recession period like today, money creation and flow gets narrowed due to shrinking profitable places to employ your capital. Instead of hiring a new employee, or expanding your business with more products or equipment, for which to would need to take on more debt and service that debt, you instead put any extra money into savings/retirement. On a personal level that also includes home renovations, big ticket items, etc. In most cases, this will either go into a typical 60/40 split, and some will go to other safe haven assets like gold or bitcoin. Of what goes to the stock market as passive investment, it will be apportioned by market cap share. Therefore, the largest stocks will benefit most. In this pre-recession period, the general trends will be higher narrower stock performance, higher bond prices, and higher bitcoin prices.by AnselLindner222
03/06 PRE MARKET PLANGood morning everybody, i was off this days, having some time with my girlfriend. Back to the markets the prices has being falling since monday, yesterday we saw that perfect bounce on 5071 5064 demand. now we have a level where sellers appeared yesterday here at 5118. Lets see how the market react to it. Above that honestly i dont have anything right now.by SrSovi0
3/6 Wednesday Trading PlanMarket Sentiment: Neutral Weekly Volatility Risk: High Trading Plan for Wednesday Supports to Watch: Immediate Supports: 5081, 5073, 5063-66 (major), 5057, 5052, 5044, 5035-40 (major), 5028, 5022, 5018 (major), 5013, 5009, 5003, 4996-98 (major), 4987, 4983 (major), 4976, 4970 (major), 4962-66 (major). Resistances to Monitor: Key Resistances: 5088 (major), 5096 (major), 5105, 5117-19 (major), 5126-28 (major), 5135, 5140, 5146, 5153-5155 (major), 5167, 5177 (major), 5183, 5197 (major), 5207, 5212, 5219, 5228-30 (major), 5241, 5247, 5252-54 (major), 5268, 5278 (major). Trading Strategy: Navigating Increased Volatility: Expect complex trading conditions as uncertainty around trend continuation and higher volatility persists. Employ disciplined level-to-level trading strategies. Focus on Support at 5088-81: This zone is critical; trade tests of 5081 or reclaims of 5088 for potential longs. Support at 5063-65: This major support zone may still have strength left for long attempts. Ideally, look for a test of this afternoon's low (around 5062), followed by a reclaim, for a long entry setup. Backtesting Breakout Level: Monitor the 5035-40 support level; it represents a crucial backtest of February 22nd's triangle breakout. This is a high-confidence area for longs. Potential Shorting Opportunity: The 5117-19 and 5126-28 zone offers a potential short setup for quick points if today's breakdown can be retested. Exercise caution; a strong reaction and reclaim could signal a powerful short squeeze. Bull Case: Immediate Focus: Defense of 5088-81 as a base with reclaims of 5096 setting the stage for a push towards 5105, followed by 5117-19. Opportunities on Strength: Consider adding long positions during overnight flagging and within the base. Bear Case: Breakdown Below 5081: A breakdown below this support targets potential short entries around 5079-80. Use breakdown trades cautiously, recognizing their low win rate but high reward potential. Additional Short Opportunities: Look for shorts at 5063-65 (if it fails) and potentially at 5060. In Summary: The trend could hinge on Wednesday's price action. Be prepared for complex trading conditions. Defending 5088-81 would favor bulls targeting a retest of today's high. Loss of 5081 indicates a potential move down towards 5065, with further downside risk if this level fails. News: Top Stories for March 6, 2024 Mortgage Rates Ease: Borrowers are experiencing some relief with declining mortgage rates in a generally expensive housing market. BOJ Outlook: Bank of Japan officials are expressing increased confidence in wage growth, potentially signaling an end to Japan's negative interest rate policy soon. Stock Market Performance: The S&P 500 continues to show strength, gaining 5.34% in February with a YTD total return of 7.11%. Investor optimism persists around the Federal Reserve's potential for a soft landing in the U.S. economy. Tech Sector Strength: AI stocks, particularly Nvidia, are driving impressive earnings growth in the technology sector. Chinese Economic Picture: China shows robust economic activity in early 2024, prioritizing technology advancement and industrial upgrades. However, declines are seen in Hong Kong's Hang Seng index and the Shanghai Composite index against global market highs. Fed Policy & Interest Rates The Federal Reserve is anticipated to hold interest rates steady at their next meeting on March 20. The market is factoring in a chance of a rate cut by June, while mixed economic data guides the Fed's approach to a soft landing. 2024 Elections & Market Uncertainty: The upcoming U.S. presidential election could inject volatility into the stock market, raising concerns about tech sector valuations. Corporate Highlights: CrowdStrike has reported strong earnings performance. Skincare companies consider going public with IPOs in 2024. International News: China's exports and bank loans increase, pointing to potential economic expansion. Gaza cease-fire talks reach a critical juncture with geopolitical implications. U.S. Political Updates: Reports suggest Nikki Haley is ending her presidential campaign. The Biden administration's decision to cut credit card late fees affects bank revenues. Cryptocurrency Trend: Bitcoin has reached a fresh record high, sparking heightened investor interest. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always consult with a professional financial advisor before making trading decisions.by spytradingpro1
REviewing OverNight Price Action ESGoing over price action Overnight ES watching for clues. what we're focused on today to trade. market reclaimed several levels. looking for buy setups. no setup no trade day. we will wait patiently for the perfect setup.Long01:53by BobbyS8130
S&P-500 E-Mini: Full Fibonacci SchematicsThis is a completely full and completed schematic of CME's E-mini S&P 500 Contract. This contract started in 1997 so there are decades of data not accounted for on the real chart. However, these are just as viable and important as the Standard & Poors 500 Indice. Let us take a look at the separate (chronological) boxes and understand what they are... #1 is VERY IMPORTANT as this has the first pair of Fib Spikes for ES1 which are the red and white lines coming across the chart. ALSO, we see an extension from the COVID low ( YELLOW ) and this extension exactly determined the high at 4800 and the approximate bottom. #1 and #3 also have two up schematics in RED originating from the local low from 3500. These are VERY IMPORTANT SCHEMATICS IN 1 and 3. #2 and #4 are the first two pairs of Fibonacci Extensions for ES1. In both, we have fib forks. In #4 there are 2 of the forks. ( yellow and white ) #3, #5, #6, and #7 are the start of the next structured schematic. #3 contains the second set of fib forks for ES1. 5, 6, and 7 are all from the same structure but have completely different schematics. #7 Contains a very important schematic of Fib Forks stemming from the inception of ES1. (YELLOW) #8 is a formation from the COVID lows of 2020. We see the third set of Fib Spikes/Forks on ES1 here and also a Fib Schematic too. One piece of the schematic is in #1 in YELLOW and is a very important extension. It belongs in #8 but I have it in #1 because it has shown its utility.Longby MichaelBsulUpdated 332
ES1! evening updateSlightly altered count, which I think fits better with RSI and EW counts on smaller time scales. Looking for higher highs on daily, key levels 5059.25 and 4936.50.by discobiscuit1
Waiting for new informationThe S&P 500 on Tuesday broke lower and its structure implies a market waiting for new information. The current expectation would be an inside day on Wednesday.02:00by DanGramza3
I will only trade the indexes from now on.Hey Traders I have been taking some time to redesign my trading strategy and have made a decision that from now on I will only be trading the Stock Indexes in the future. So all of my content moving forward will be based on 3 main indexes. I think they offer many more opportunities for successful trading. S&P500 Nasdaq 100 Russell 2000 More to come soon on why I personally made this decision... But for now what do you guys think is the best market to trade? by TradeTheIndex221
ES Day Price Action ReviewGoing over the price action in ES today. what we did right what we did wrong. tough trading day. especially last couple hours. did more trades today than any other day of the year. gave a lot back but grew exponentially today. 04:04by BobbyS8130
ES EOD UpdateES is on the channel line but not oversold yet. Best guess is that the market gaps down then reverses. ECB meeting Thu premarket and CPI numbers next Tuesday, PPI next Thu. Shitcoin dropped pretty good today, we may have hit the top. I'm hoping for the algos to start cycling, we'll see.by hungry_hippo9
ES UpdateES and RTY aren;t oversold yet, NQ is already there. Not sure if teh market gaps down or not but I expect MFI to hit oversold tomorrow morning.by hungry_hippo7