This chart assumes we are in the beginning stages of a Minor 2, and ultimately headed to new highs in the middle term, but not before completing a 3 wave, ((a))((b))((c)) correction to the 4000 region. I have a Micro ((A))((B)) in the books, and that we are working on the ((C)) wave, which may conclude around 4893, before a subminuette b wave retrace back to...
ES/SP500/US100 Hello Traders, Welcome back to another market breakdown. Today, I've got an exciting video for you as I dive into the current state of the S&P 500 and explore various strategies based on different market scenarios. Whether you're an experienced investor or just getting started, this video will help you better understand how to navigate the dynamic...
It looks like ES1! is working on a third impulse wave up from October 2023 low. Bullish scenario (green) would have this third wave up complete a full impulse wave off low of 4173.25. Bearish scenario (red) would have this third impulse up be the second impulse of a C wave, with an additional impulse needed to complete the C.
CME_MINI:ES1! is stuck between a rock and a hard place! From a macro perspective, we have been on a bullish uptrend since the 27th Oct 2023 with daily HH and HL's being formed. Every now and again, a minor retracement is necessary to accumulate more positions to continue to the upside. This week, we have witnessed sell stops being raided however the overall...
The expected rest day in the S&P 500 on Friday could continue on Monday as the market gets ready for fundamentals coming out during the week. The bias for this market would be a higher close by the end of the week.
ES also overbought on my 3 hrs chart, closed everything. Today is Ponzi Friday, so I don;t plan on shorting anything until EOD. Hard market to short but I might buy a few puts, probably just beer money though. Too risky to go big
Roughly 10:30am on Feb 14 2024 ... 4h on left showing interim bull, s1 4980s, macro bear r1 4030s Big picture range on left maps initial balance and 10% vola filter for 12M - posting on 4h tf to provide tracking for interim moves on candles for the year. Indies dont tend to present after chart is published thus current directional read (4h interim bull, macro...
The market just keep climbing to find new prices, all those white lines are levels that can be important, because they already act like steps in a stairs. right now my plan its to see new levels form, and if we break 5108 see a retest or a new level to open longs, i wouldnt focus right now on shorts due to the high trend that we are in.
📈 Market Sentiment: Neutral to Bullish SPX Outlook for February, 23 2024: Bullish Momentum: The S&P 500 exhibited a bullish trend into January 2024, reaching new highs driven by strong economic indicators and expectations of Federal Reserve rate adjustments. Nevertheless, there are concerns about potential market corrections if earnings growth fails to meet the...
Shortened week ahead, lets break down structure and areas of interest to lean on this week. Last Week : We opened the week above VAH and under Key HTF Edge, we knew that this is the area where we can see size sellers step in and an area where size longs could be taking profits which creates different sets of sellers to give more pressure to the lower levels, as...
The enthusiasm to the upside shown in the S&P 500 on Thursday would not be expected on Friday unless we get very positive fundamentals driving this market higher. A higher close would be expected but not with the same size of movement shown on Thursday.
Heavy news on Thursday could propel a move higher towards a new high. This is what i'm framing intra week and the SMT is helping me get in line with this.
The market after the fomc rallied pretty hard yesterday, let see if the buyers want to continue the party, or they want to take profits which can lead to a sell off. Currently the price its in a supply zone 5059 5065, that supply already worked really well, if i see buyers trapped, i would like to play shorts targeting first 5042. above the supply zone there is...
📊 Market Sentiment: Neutral Nvidia's Earnings Impact: Exceptional Performance: Nvidia's Q4 and fiscal 2024 earnings showcase transformative growth in AI and data center sectors. The company's revenue and EPS have significantly exceeded expectations, sending shares soaring and valuing Nvidia at $1.7 trillion. Market Response: The 10% rise in Nvidia shares...
Hello Fellow traders, idea of distribution is done at 5th wave, this pop up price today was just retracements on the 5th wave zone. for stoploss clearly the upside of 5th wave. with clear targets below before our future retracements. This is not a financial advice, this is only my view on distribution type. Same with SPX500/SPY/SP500futures charts. Follow for...
Starting on Wednesday and through the beginning of the Asia session for the S&P 500 buyers have been present. The expectation is for a higher high on Thursday and the positive close.
Futures up on NVDA earnings, it's hard to tell which way these "news" events will take the market, but I did post NQ earlier today. ES also double dipped into oversold with positive MFI divergence, and here we are, lol. Despite the market being in the red most of the day, I kept saying long, because the indicators had already hit oversold. News or no news, I'm...
Bearish market Structure sellside Liquidity Pool Seems to be Target