SP500 **SP500:** There is a new all time high for the SP500 at the 5044.00, first time at the 5000 zone. The outcome is for the price to continue it's trend.Longby simaoxceps2
5050 - Objective achievedConsidering the projection outlined for the future SPX in a previous analysis, I realize that the target pointed out by SETUP on the long-term chart has been reached. Therefore, I think we have nowhere else to go up without at least having a small correction towards the 4685 region if I only consider the graphical analysis. See the image below. Despite "reaching" the target, SETUP still shows that the index has a small strength to surpass this mark and reach the 5058 region, which can be seen as a buying trap for the most unsuspecting trader. Coming to the short-term chart, the SETUP used indicates that we are in an extremely overbought region, therefore, it shows that the index is losing strength and that it really needs to make a correction. See below. Do your analysis and it's good business. Be aware, if you buy, use stop loss! See other graphical analyzes below.by MacD_Bollinger0
SPX ATH SOONSPX ATH SOON. Waiting for ATH to be hit this week. As an idea: today during PM session after taking out the lunch low and testing 1H FVG.Longby goshawtyxxUpdated 110
Boggie 12 O Clock HighBased upon the hyper sonic breaking of the sight barrier, we are now approaching inter stellar propagation. Where's Maverick?!by ArtT0
S&P500, 2024 outlook.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 world of the stock market. Trade safely, Trader Leo 20:02by Leo-btm6610
MES/ES Week of 2/10 price actione expectatonsI am very multi-dimensional as a trader. 8 HR wanted to close above this blue fib line, now we come back and test it. On the short term 30 min, we're exhausting this phase, and we also started a clump during the last couple days of the week that suggests a trend competition is coming. But being that the lower trend is blocked by a major 8 Hour fib, I think we'll survive and test 5200, 5400, 6400, before any market flag on a weekly basis. But... baby steps.Longby CaptainLogik1
Rest day is expected on MondayAlthough the S&P 500 had a clean strong close on Friday, the expectation for Monday is arrest day which would be a smaller range day as the market catches its breath and gets ready for Tuesday's economic reports.02:49by DanGramza1
ES Bullish Breakout To 5050.00 On the hourly timeframe, price has been consolidating in the upper 50% of that fat green hammer candle ( Extremely Bullish) The hourly 21ema is trending higher ( Bullish ) 1 full range expansion of that consolidation will be 5050.00 Any close above or a limit at the breakout should be ok. Drilling down to the 5 minute for a finessed entry will be the trick today. I may get stopped out trying to find the right entry. The market won't let me have this for free. Longby travis18haneyUpdated 5
ES_F Day Trading Prep for Week 2.05 - 2.09 What a wild week last week! Lets take a look at our structure going into this week and what can we expect or at least lean on going forward. Market has been mostly slow and grindy but still provided plenty of fireworks. Last Week: Last week we saw inventory was starting to get long at our Key HTF Edge area which gave us a nice move down towards lower VAH and the Mean where we needed to accept under in order to see continuation but market held that area and anyone who shorted under 4900 on that inventory correction got trapped mid week and got squeezed out Thursday/Friday with a nice move over next Key Resistance and over upper VAL. This week: So far our structure shows us the push over 4972-67 Key Resistance and VAH above was possibly a buy in/or a weaker move over as we didn't have full clean break and not really seeing a good cost basis under to rely on, we were able to push over 4984-88 Intrarange Resistance but failed after the tag of next level up at 5001.75-4997.75 and got a nice end of day sell back into the Key Break out area at 4972. This 4972-67 will be our Key Support to watch going into tonight/tomorrow, if the market can hold and build some structure above it then we can start thinking that we still have buying up here at these prices, then would watch for another attempt over 4988.25-84.25 towards upper targets which would be 5001.5-4997.75 and Next Key Resistance would be at 5019-13.75 Area if we can get there. If we can't hold over 4972-67 that would bring us back into previous range with Supply trapped over 4980s and that could bring selling back towards the Edge, this will be important spot this week as this tells us if we accept in new HTF range above 4945-20 or not. We have some single prints Under 4952.50 which we may attempt to fill and if we cant hold over 4952.50-45, we have weak lows right at Edge Support of 4925.20, this would be a Key Spot for any continuation lower this week. If we do get weakness and move lower we have to be careful and see if we get strong selling or more of a leak/consolidation/leak lower which would be trapping longs on the way down and Edge may hold this week or until we have enough Supply or Volume to get back under it. If or when edge breaks our targets would be VAH / Mean / VAL and at some point HTF Lower Edge but this could take time to play out which means we have to trade what we get between the range levels. Levels to Watch : Current Resistance 4984.25-88.25 Potential Targets if above 5001.75-4997.75 // 5019-13.75 Targets above would be 5041.50-28.50 Current Support ? 4972-67 Targets under 4955.75-52.50 - 45 // 40.50-37.75 and Key Support at 4925.25-20 IF Key Support breaks lower levels to watch 4907.50-04 // 4892-88 // Key Support 75-69 Lower areas of interest in case volume comes in Mean and VAL at 4839.50-29.25by HollowMnUpdated 1
Pre market plan 02/09Big movement on the pre market due to the inflation report (2% less), today levels are 49997 demand, but most important we have resistance 5018 that once the price broke it used it as support to keep moving higher. My plan honestly today its wait until something forms, or see a break or bounce of the 5018. Remember its not about predict its about to react. by SrSovi0
2024.02.09 ES st scI anticipate more upside to trade above the Historic high. The price action after that can make fast more to the upside to raid the buy side even more. I would like to see at least substantial correction to the downside with start around 9.30am. The volatility after crossing 5028.25 can surprise, so it is better to see initial reaction after price will take out that level.by Yoo_CoolUpdated 221
2/9 Friday Trading Plan📊 Market Sentiment: Neutral Global Market Update: Steady European and U.S. stock-index futures amidst anticipation for U.S. inflation data signal cautious market sentiment. Canada-EU Trade Talks: Potential impact on trade dynamics and market sentiment could emerge from discussions at the CETA Joint Committee in Brussels. 📝 Today's Recap: Canadian Economic Data: Upcoming jobs numbers and senior loan officer survey results are likely to influence market perspectives on Canada's economic health. Earnings Reports: Earnings from Enbridge Inc., Telus Corp., Magna International Inc., and PepsiCo Inc. offer insights into sector-specific performances. 🌍 Global Financial and Economic News: Sports Betting Legislation: The slow legalization process in states like California and Missouri impacts the betting market and related sectors. Tesla's Elon Musk Compensation: Court ruling on Musk's compensation package raises discussions on executive remuneration and company performance correlation. 📉 Support Levels to Watch: 5009, 5000-4999, 4990: Key supports, with a focus on maintaining above 4990 for bullish market continuation. 📈 Resistance Levels to Watch: 5018, 5035, 5050: Critical resistances, indicating potential targets for upward movement if bullish momentum persists. 📅 Trading Plan for Friday: Approach: Capital preservation with minimal trading, acknowledging the current chop range and potential for volatile movements. Bull Case: Maintaining above 5000 signals continued bullish sentiment, targeting upward movements towards 5028 and beyond. Bear Case: Breach below 5000 may indicate a shift towards bearish sentiment, with potential for a pullback to lower support levels. Tactics: Emphasize disciplined trading within identified support and resistance levels, with cautious engagement in new positions given the expected market chop. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.by spytradingpro0
Global Futures watch2/9/24 Global Futures: S&P 500 ES1! Nasdaq 100 NQ1! Dow Jones YM1! Euro Stoxx 50 FESX1! FTSE 100 Z1! China A50 CN1! Nikkei 225 NKD1! DAX FDAX1! by Options360111
Can it stay up here?They bought the break on Thursday but will buyers have the fundamental excuses to drive prices higher and to close above 5000 as we go into the weekend. The expectation is that upward momentum favors a higher close.01:51by DanGramza3
ES 3hr UpdateOverbought on my 3hr chart, especially MFI, but it's a melt up so i don't recommend shorting. Just plotting this to show that small caps are a better option for Ponzi Friday tomorrow. We may just see sideways action again or ES1!.by hungry_hippo4
ES Update3hr hit overbought, unemployment number tomorrow before market open. Decided to just close out my long positions because 5k was my target. My guess is down tomorrow then up on Ponzi Friday, lol. Might stay out until after CPI next Tues. PPI next Friday should be good news.... Not sure if or when I'm gonna get back in, playing it by ear. Everything I owned was overbought on the daily, made me really uncomfortable, lol. Can't really recommend shorting anything though. That's gonna require perfect timing and prediction of "news", the indicators don;t work during a melt up.by hungry_hippoUpdated 337
2024.02.08 ES st scI anticipate little bit more downside before 9.30 => reversal to the upside around 9.30. The next target is 5028.25, that is too obvious so bumps along the road are highly possible.Longby Yoo_CoolUpdated 1
Pre Market plan 02/08Main level for today, 4997 demand and 5005 support. A retest on those levels i would like to open longs targeting the all time high. above that i dont have a plan for it. i would look for shorts if we form a new level and agressive selling appearsby SrSovi0
Bullish Daily Bias What an eventful week we find ourselves navigating through this uncharted territory! As we ride the wave of all-time highs, the landscape ahead appears both exhilarating and uncertain. While some may revel in the bullish sentiment driving the ES, seasoned traders know all too well the discomfort of navigating blind through market intentions. Yet, amidst this uncertainty, we can't help but acknowledge the resounding success of the past week. The bullish momentum exceeded expectations, mirroring the trajectory I foresaw, with a retracement to the FVG during the NY Session Open followed by a robust rally towards the Previous Day High. Absolutely, it's crucial to acknowledge that predictions are just that - predictions. While I anticipated a retracement to the FVG during the NY Session Open, followed by a strong rally towards the Previous Day High, the market remains dynamic and subject to various factors that can influence its trajectory. As of now, the predicted movement hasn't materialized. However, this presents an excellent opportunity to reassess the market conditions, adjust our strategies accordingly, and stay adaptable in response to emerging trends and developments. Remember, in the world of trading, flexibility and resilience are key. So, let's continue monitoring the situation closely, refining our analyses, and seizing opportunities as they arise. After all, it's these fluctuations and unpredictability's that make the journey of trading both challenging and exhilarating. Longby MMDSalX2
2/8 Thursday Trading Plan📊 Market Sentiment: Neutral RBI Monetary Policy (February 2024): Keeping repo rates unchanged indicates RBI's cautious stance on inflation, impacting market sentiment and future interest rate expectations. Banking and Financial Services Trends (2024): AI's growing influence, interest in digital currencies, customer experience focus, and cybersecurity concerns shape the financial sector's future. 📝 Today's Recap: Economic Trends and U.S. Financial Landscape (2024): Observations from SIEPR on economic challenges and policy questions, alongside investors' focus on Federal Reserve's decisions, provide insights into potential market directions. Global Economic Updates: Interest rate decisions by global central banks, including the Bank of England and the Federal Reserve, alongside China's economic strategies, offer a broad perspective on global market trends. 🌍 Global Financial and Economic News: U.S. Jobs Report and Economic Growth: Strong job additions and GDP growth reflect economic resilience, potentially influencing Federal Reserve's future rate decisions. Danske Bank and CaixaBank Strategies: Strategic moves and forecasts by major banks underscore the banking sector's adaptability and future growth prospects. 📉 Support Levels to Watch: 5009, 4990, 4984 (Major), with a focus on 4984 as a critical support for maintaining the current market rally. 📈 Resistance Levels to Watch: 5018, 5035, 5048 (Major), indicating potential targets for upward movement if the market maintains its bullish trend. 📅 Trading Plan for Thursday: Approach: Cautious trading strategy amidst ongoing market analysis, with an emphasis on responding to key support and resistance levels. Bull Case: Maintaining support at 4984 crucial for the continuation of the market rally; targeting upward movements towards 5018 and beyond. Bear Case: Watch for failure at 4984 as an indication of potential market correction; short opportunities arise if major supports are breached. Tactics: Prioritize level-to-level trading, with a focus on major support and resistance levels for high-probability setups and disciplined profit-taking. 🛑 Disclaimer: This analysis is for educational purposes only and not financial advice. Market conditions are dynamic; consult with a professional before making trading decisions. Risk management is essential. by spytradingpro0
S&P 500 Futures continue with the Uptrend ☝️On S&P 500 is nice to see strong buying reaction from the price 4998 and 4975 , 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_Dale3
A large moved not expectedAnother large move on Thursday in the S&P daily chart is not expected. A sideways move is more in line with the overall price structure.01:39by DanGramza2