going over the morning price action ES and the rest of the markets. watching for buy setups/Failed breakouts/breakdowns. giving the market time for some price discovery but actively looking for solid buy setups.
This is the trade I have planned for today. After a break of the trendline, I can see some bearish action. I am expecting a rejection from the FVG for a nice r:r play. I will monitor the PCC at 9:45 for further confirmation.
Going over the ES price action from sunday night to monday early morning. taking it easy today only looking for A+ setups. CPI/FOMC tuesday and wednesday so we expect some consolidation today maybe a doji day. we will be interested in the 4625ish level though. March CONTract now.
We have SMT at daily lows with NQ. NQ trade into & away from it's daily bisi. ES did not trade into it's BISI at all. ES has maintained it's strength. I am anticipating Tuesday/Wednesday low of the Week & am aiming for the Daily Volume Imbalance.
I want to see price draw UP into that blue shaded volume imbalance after consolidating for a bit I think price will loosen up due to the news events we have coming this week
HCD pattern @ QR1 Pivot - very bullish May break strongly this week
If we want to see the index rising like a rocket, I think it's better to have a double top as soon as possible. Preferably in 2023. Yes, that's right, we have to form a double top if we want to escape something worse. Think about it with me: apparently the US is willing to control inflation, whatever the cost. Proof of this is seeing the FED not relaxing interest...
Even though I am still not convinced that this rally is real, I will still participate in it on the next pullback for the next leg up for about 150 points. The all time high is just a skip away. After the last two weeks of sideways consolidation, and the Friday NFP gap up, I believe it will go sideways between 4625-4680 until the end of the week for the next...
Here is a swing trade idea. I will end the trade after the trendline break. I am closely watching PCC for put/call ratio. It went about .9 Thursday which caused the short squeeze and exactly as I thought this is a short squeeze- so I can see the price continue to rise especially since it gapped up.
The 4270.00 level can contain selling through Q1, above which 4634.50 remains a 3 - 5 week target, 4864.25 likely over the next 3 - 5 months. Upside, 4634.50 can contain weekly buying pressures, while closing above 4634.50 indicates the targeted 4864.25 by the end of February where the market can top out into Q2. Downside, a settlement below 4270.00 signals...
Friday's positive close in the S&P 500 implies that buyers have returned to the S&P 500 but can they follow through. A dramatic move higher on Monday is not expected. The objective would be a close above 4670.
indicators i use are RSI , FIB , IDR This video shows detail on how to look at a chart before placing your allocation.
SammyTradz Took Couple of Some Longs in Atta***k on Liquidity Resting Above
📊 Market Sentiment: Bullish The current market sentiment is bullish, as indicated by various key factors. The closing prices are consistently above the Exponential Moving Averages (EMAs) for 9, 21, and 55 periods in both the 4-hour and daily datasets, highlighting a positive trend. Additionally, the market is maintaining levels above key support zones while...
How to adjust existing drawings to account for the price adjustment (false gap) between futures contracts during the roll when one contract is expiring and trade volume is shifting into the new front-month contract. Drawings do not adjust by using the "back-adjust" feature, which can create an issue since all of your drawings will be displaced and incorrectly...
during the ADR price confirmed short and analyzed dr lens data for a optimal entry for a potential downmove to 1.5std
Prior to the labor fundamentals being released on Friday the opening in the Asia session for the S&P 500 indicates the market evened up prior to Friday's release of these fundamentals. This implies a 50-50 chance of a rally or break in prices. Although, the bias is still for the market to move higher.
Great Trading Session ES PAYS SammyTradz Attack on LIquidity