ES UpdateMFI overbought but RSI is not yet. Guessing pump and dump tomorrow, I'll wait.by hungry_hippo10
Morning Price Action REview ES 4-29-24Going over the price action ES Morning session Reflecting on the clues the market gave us and what we should have been listening for. 02:27by BobbyS8130
It seems that the downward trend is still dominant It seems that the It seems that the downward trend is still dominant and there is a higher probability of a decrease and there is a higher probability of a decreaseShortby forkman0
Trading Plan for Monday, April 29th, 2024Trading Plan for Monday, April 29th, 2024 Market Sentiment: Bullish, following a multi-day rally. However, proceed with caution as a period of price discovery and more complex action is likely after the strong movement. Key Supports Immediate Supports: 5127 (major), 5117, 5102 (major), 5089 (major), 5082 Major Supports: 5068-72 (major), 5043 (major), 5034 (major) Key Resistances Near-term Resistance: 5150 (major), 5168-5171 (major), 5185 (major) Major Resistances: 5206-5208 (major), 5230, 5245 (major) Trading Strategy Consolidation Anticipated: Expect a period of consolidation and complex price action after the recent surge. Overtrading can lead to losses. Long Opportunities: Look for failed breakdowns at 5127 or 5102 as potential long entry points. Prioritize bids within the current range for a cautious approach. Short Opportunities: Target the 5185 level (resistance of the downtrend channel) for possible short positions. Consider level-to-level profit-taking within the range. Risk Management: Maintain disciplined risk management in this potentially volatile environment. Bull Case Holding Support: Defending the 5127 or 5102 major supports is crucial for bulls to maintain control. Reclaiming Resistances: Bulls need to push above the 5150/5168-71 zones for a potential run to the next major target, 5185. Adding on Strength: In an ultra-bull case, look for bull flagging above 5127 to add exposure in anticipation of an upward move. Bear Case Breakdown Signals: A convincing break below 5102 could trigger a deeper retracement. True bear case resumes with a break below 5033. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 29th, 2024 Equity Market Overview Global Performance: S&P 500 and Dow Jones rose over 10% in Q1 2024; European and Asian indices also hit highs. Sector Trends: AI boom fuels tech sector gains; value stocks participate more in market rallies. Bond Market Dynamics Interest Rates: Delayed rate cuts by the Federal Reserve impacting bond yields. Performance: High yield bonds outperforming investment-grade due to favorable risk-return amidst volatile rates. Key Economic Indicators Inflation and Sentiment: Persistent inflation concerns; consumer sentiment improves slightly. GDP and Employment: Strong GDP growth and employment figures support bullish equity market sentiment. Market Outlook and Investor Sentiment Short-Term: Continued growth expected, but potential for increased volatility. Long-Term: Earnings growth modest in sectors like IT, significant in "Magnificent 7" companies. Federal Reserve Policy and Market Outlook Fed Stance: Maintains rates; cautious on inflation. Market Impact: S&P 500's performance influenced by rate cut expectations; market may face limited growth post-rate cuts.Longby spytradingpro1
Monday Prep and Lean SPX/ES/NQMonday Prep and Lean SPX/ES/NQ ES Monday Trade Plan Inflection: 5146-5153 Upper lvls: 5170 / 5183 / 5190 / 5202 Lower lvls: 5127 / 5119 / 5111-5115 / 5091 NQ Monday Trade Plan Inflection: 17813 Upper lvls: 17937 / 18052-18063 / 18184 Lower lvls: 17735 / 17682-17697 / 17507 Stay Frosty!Long10:31by Beyond_Charts0
Weekly Market Preview: Consolidation Week AheadWhile technical have us in the daily trigger zone for a another bearish leg, I think future contracts and overall market sentiment is set to consolidate. There is some confusion amongst investors but, with a bearish bias overall. A break and close below a previous day low will help technical to begin a second leg. 08:06by JoeRodTrades2
Morning Price ACtion Review ES & Main StocksGoing over Price ACtion ES overnight and starting to add in the other main stocks as well. Looking for clues as to how we can position for the day. 06:32by BobbyS8130
ES Weekly Levels (Apr29-May3)Here are my levels for this the coming week. ES had a sharp reversal last week bouncing 2.56% after trading down for 3 weeks in a row. Dispite the strong rally the risk of bearish continuation remains high. A rejection at the top of the red box could easily send price into a compound corrective move down to the 200 sma and the July 27th high. Much depends on the reaction to FOMC, NFP as well as the earnings reports from AAPL and AMZN. SUMMARY ES posted a weekly gain of 2.56% after trading in a huge 140 pt range ES made a sharp reversal back above the 2021 high and the 9 & 55 emas ES had the best weekly gain since Nov 2023. R2 = LTF 618 Fib RT (5190) R1 = 21 ema/ 55 ema (5141) S1 = 9 ema (5109) S2 = 2012 high (5092) Bias remains down to sideways as the upward trendline has been broken. 200 SMA price magnet in play Compound corrective move down to the July 27th high & 200 SMA is possible FOMC Rate decision on Wed & Non-Farm Payrolls on Friday Heavy week of earnings ahead including reports from AAPL, AMZN, MA, AMD, COIN & NET. Global event risk is high Sell in May effect in play. RSI 47.80| VIX at 15.02 | 10 year 4.66% by WadeYendall2
S&P500 (ES1!, SPX500, SP500) From Bullish to BEARISH1. Price swept a lot of low resistance lows with this bearish impulse, and created a new Swing Low. This is the External move. 2. Price retraced to the -FVG, a premium PD Array. This is an Internal Range Liquidity move. Expecting price to wick up past the PDH, but close inside the -FVG, and potentially end the retracement. Bearish PA should follow. Price is in premium prices now, as it crossed the Equilibrium of the trading range. Buys are not recommended until the price action shows a significant +BOS with a strong bullish close. LIKE, COMMENT or SUBSCRIBE if you like and want to see more analysis. Thank you for viewing!Shortby RT_Money0
ES Weekly Price Action Review 4-22 to 4-26 2024going over the weekly price action and then some ES. going to be doing this every few days going 1 day at a time and looking forward 1 week at a time. keep working hard and reflect. Pain + Reflection = Wisdom05:43by BobbyS8130
S&P 500 & Nasdaq Targets Next Week! All Time Highs Incoming?In this video, we will discuss the potential targets for ES1!, NQ1!, and RTY1! in the upcoming week. The technical indicators I've used include Bollinger Bands (20,3), Beacon Indicator, 5-day SMA, and YTD AVWAP. The market environment has turned bullish again as I believe the short-term sell-off in market indexes is over. We are now back in bull mode, anticipating higher prices next week with the potential for new all-time highs in the coming months.Long09:53by anthonycrudele9
Marekt Recap: Thursday-Friday SpecialSince there was not going on much between the two days, I decided to combine the two days into one. Sorry for the delay overall but, we covered the trades I took and the setups ups I noticed in both days. 05:04by JoeRodTrades1
ES S&P500 Increasingly BearishThe S&P 500 is officially bearish as of Fridays close according to my intuition and strategy. I will be watching closely this week - targeting shorts around 5240. I expect to see a test the 5060-5000 level. A daily close above 5240 would be bullish and invalidates this idea. In the mid-term, I'm targeting key levels of interest to buy once this dip finds legs. Shortby GrayTrader01Updated 2
ES (S&P500)... Expecting a short term BULLISH Move!Bearish, but expecting a short term bullish move. Price has reached the 4th standard deviation, swept the LRLR, then mitigated the +OB. The expectation now is an External -> Internal LQ move. Wait/watch for signs of reversal from the current poi. I enjoy any feedback or questions in the comment section. All opinions are welcome! LIKE or BOOST this post, if you would. I would be appreciate it. SUBSCRIBE if you want to catch all of my future postings!Longby RT_MoneyUpdated 111
i like a neutral set up leaning buy into mondayfutures have reclaimed some ground at the end of the trading week. i feel good about leaning buy towards the start of next week, as long as were holding a decent level according to this market structure/value area and volume range. this ai strategy shows that the price is supportive of extending its gains if we hold this momentum to the upside.Longby cerealmarket0
ES Day Price Action REview 4-26-24Going over the day's price action ES looking for clues as to what the market was telling us and how we could have traded better for next time. 04:33by BobbyS8131
ES1!/NQ1! side-by-side comparisonSide-by-side comparison of ES1! and NQ1!. I'm proposing that both have impulse waves down from their ATHs to the lows of last week. Areas in orange ellipses show ES1! holding its low and NQ1! breaking its low. I'm interpreting this as evidence that each bounced off their lows with corrective structures, ES1! with a regular flat and NQ1! with an expanded flat. With this in mind, the impulse waves up that we've had this week would need to be interpreted as part of larger corrective structures. I think odds are better than a coin flip that equities roll over for more lows, with key support for ES1! at 5104.50 and NQ1! at 17668.25.by discobiscuit0
ES1! afternoon updateI think that if one is to interpret the move from 5333.50 to 4963.50 as an impulse wave, this is the best way to do it. Wave 1 of the impulse (orange ellipse) is a contracting leading diagonal. The proposed ES1! impulse wave down correlates nicely with NQ1!'s price action (NQ1! has an expanding leading diagonal in its impulse wave). If the impulse wave from 5333.50 to 4963.50 is correctly identified, then wave 2 appears to be a double-three, with a proposed (c) of Y of 2 at or near completion. Bears would be looking to sell ~5148.50-5192.25. I don't think going long at this moment would be the best idea; bulls should have gone long yesterday. Bulls wanting to get in now are likely waiting for more price action into the 5200-5300 range and looking to buy dips from there. Bears are likely closing long positions and/or entering short now.by discobiscuit0
A quick Analysis for +$400 ProfitQuick analysis on the S&P 4-26- before 10am News after 830 Cpi News. Long Trade for Futures Trading the Qeuity MArkets. Live analysisLong06:16by Forecastah0
Trading Plan for Friday, April 26th, 2024Trading Plan for Friday, April 26th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control but facing the after-hours earnings event, which could bring sudden volatility. Key Supports Immediate Supports: 5067, 5058 (major), 5048 Major Supports: 5036-33 (major), 5010 (major), 4996-5000 (major), 4935-40 (major), 4904-08 (major) Key Resistances Near-term Resistance: 5080-82 (major), 5092 (major), 5108 (major), 5126-29 (major), 5145-50 (major), 5177-81 (major) Major Resistances: 5222, 5243-46 (major), 5272 (major) Trading Strategy Earnings Volatility: Be prepared for unpredictable price action and adjust your strategy in real-time. Trading the Range: Expect price to play within the broad 5036-5126 range. Exercise caution and consider bids/shorts within the range rather than chasing direction. Long Opportunities: Look for failed breakdowns at 5067 or 5058 after earnings. Focus on bids cautiously within the range, prioritizing the knife-catch protocol for deeper longs at major levels. Short Opportunities: Look for backtests of 5126-29, 5145-50, or the major 5177-81 zone if reached. Given earnings, approach shorts very cautiously. Profit-Taking: Use level-to-level profit-taking on any position taken, given the increased volatility risk. Bull Case Holding Support: Defending the current 5036-33 major support is critical. Reclaiming Resistances: Bulls need to push above the 5108 zone for a potential run to the next major target areas of 5126-29 and 5145-50. Bear Case Breakdown Signals: A convincing break below 5036 triggers the downside move. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 26th, 2024 Economic Environment March PCE inflation report and its impact on the Fed's policy decisions. Apollo Global's acquisition of US Silica and implications for the materials sector. Stock Market Updates Mixed signals from global markets amidst geopolitical tensions. Bank of Japan's interest rate policy. Global Market News Market response to various corporate earnings and announcements. Additional Market News Bond market dynamics and potential interest rate cuts. Gold's performance and investment implications. Currency market updates and the impact of the Bank of Japan's actions. Additional Market Insights and News Economic Indicators and Outlook US GDP and Economic Growth: Analysis of the latest GDP report and its implications for growth trends. Corporate Earnings Outlook: Forecasts for 2024 and sector-specific performance expectations. Inflation and Interest Rates: Understanding the relationship between inflation, Fed policy, and corporate earnings. Labor Market Dynamics: Assessing the health of the labor market and its impact on consumer spending and corporate profitability. Technological Advancements and Market Shifts Generative AI and Business Transformation: How is GenAI impacting decision-making and efficiencies in various industries. Quantum Computing and Competitive Edge: Exploring the potential of quantum computing in various sectors and its implications for competitive advantage. Sustainable Technology Initiatives: The increasing focus on green technologies and the integration of sustainability with innovation. Industry Cloud Platforms (ICPs): Examining the adoption of ICPs and their role in accelerating digital transformation. Reminder: The after-hours earnings events introduce major volatility risk. Prioritize risk management and adapt your trading strategy accordingly. Longby spytradingpro0
Morning Price Action rEview Pre-PCE 4-26-24Going over the price action overnight pre-PCE looking for clues and discussing plan for the report today. we are sized down but looking to go with whichever way the market wants to go today. no feelings just reacting to zones. 02:22by BobbyS813220
Micro E mini S&P500 15/4/2024We are at an interesting place in the S&P500, on a positive news week the market failed twice. NFP and CPI news. In my believes and past experience this is showing signs of market exhaustion. I have put a Sell stop at the stop of last weeks price movement risking 1% to gain 2.3% Shortby insanemalinUpdated 1