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
#ES_F Day Trading Prep Week 4.21 - 4.26Last Week : Last week Globex opened and pushed out of Value of 5227 - 5066 Range, by RTH Open we were able to make a push over 5207.50 the Edge low but we needed acceptance over 5207 - 04 area and instead selling came in which took us through the Mean and right through VAL of that Range without any buyers being at VAL, instead we got covering and buying under Value which gave us the consolidation between the bottom Edge and VAL of that Range until Mid Week. After shorts were done covering and no stronger buying came in to push us back inside Value we continued for the lower Stops through the 5086 - 66 Edge and eventually made a move from the Edge to VAH, Mean and VAL of the lower Range. This time around we found buying at VAL of the range and we finished Friday with a pulled back to VAH, push above Value and saw selling come in to bring the price back inside Value and close at the Mean of the range, this was perfect scenario to end the week as we know markets like to find areas to balance in and closing inside Value is signaling potential balance. This Week : Going into this week we have now accepted in this 5086 - 4925 Range, Month End is upon us, and we have our Settlement Ranges and Supply above VAH and above 5086 - 66 Edge. Can the market continue lower ? Yes. Can the market get a big bounce and go back over 5050 - 60 - 80s? Sure it's possible. Anything can happen but for now to keep us grounded we have few things that the structure is showing us. We can clearly see Supply and Sellers above VAH, we can see that around VAL and under Value we have buying or at least SIZE short covering which has and can keep us up, if we didn't have that then Friday we would have kept going and taken that VAL and ON Low which we created on the scary Thursday flush. Of course doesn't mean covering will still be there this week and that sellers will still be over VAH but until it shows us otherwise we can't force for big continuations under Value or hope for big bounces over 5050 areas. One of the scenarios to look for after big moves up and down like we had is for market to find some balance, could this be the Range we will do it in ? If that will be the case then we can spend quite a bit of time around this 5086 - 4925 Range until we see clear moves and acceptances over/under it. If this will be the case we will look to spend most of our time trading around Value of this Range and pushes outside of Value to find their way back in. This could be the case for more than just this week but for now we will play it week at the time because who knows. We will want to focus mostly on 5066 - 5013 // 5019 - 4967 and 4972 - 20 Intraday Ranges. Trading level to level catching 10-15 point moves between them is ideal if we start balancing in Value because that tells us we have buyers and sellers, might need to be patient letting the moves properly set up as the volatility has been pretty crazy recently, not a time to be a hero forcing for big moves in my opinion. Levels to Watch : Current Range 5019 - 4967 Key Resistance 5019 - 13.75 Means 5001.75 - 4997.75 // 4988.25 - 84.25 Key Support 4972 - 67 IF Accept Under 4972 - 67 Means 4955.75 - 4952.50 // 4940.50 - 37.75 Key Support and Edge Low 4925.25 - 20 IF Accept Over 5019 - 13.75 Means 5034 - 31 // 5048.75 - 45.75 Key Resistance and Bottom of top Edge 5066.50 - 60.75by HollowMnUpdated 1
ES day Price Action REview 4-25-24going over the day's price action looking for clues to how we could have traded today better. lots of action today from a series of reports at 8:30 to auctions to earnings after hours GOOGL MSFT INTC 05:45by BobbyS8130
PCE next!The PCE numbers coming out on Friday can set the tone for the S&P 500 not only for Friday's action but week as well. How the market will respond is 50-50.02:05by DanGramza2
Trends in conflict; Earnings Likely to cause a short reboundSo again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and I expect the week to be typical which means we will rebound during the Earnings season, especially next week with major powerhouses reporting (Microsoft, Google, Tesla). If NVidia was reporting I'd suggest we could rise back up towards 5300, but they are not until the end of May. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5040 Downtrend (4/18/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High This shows lots of downward pressure, although several of the trends are a bit oversold as the 30m has managed to run away with the market. Economic Calendar; Nothing important today or the start of next week. GDP is next Thursday though and CPE is Friday. If I was to express some sentiment it would be Shorter Term - Neutral/Bearish Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Neutral Longer Term - Bullish ... if the above makes any sense! Oh, and yes, I still have those Soy contracts. They are worth a whopping $1200 after all this time. I may trade them in for some 6E contracts if I see that look like it could run back up to 1.10 any time soon. Safe trading, and remember your risk management! Safe trading, and remember your risk management!Long12:31by SemperTraderUpdated 224
ES UpdateMFI already oversold, but RSI is not. Considering ES has an open gap below, I recommend waiting. It's my birthday tomorrow, so not opening any trades today, good luck. BTW, this is why I keep saying earnings are crap shoots, lots of people got burned pumping for META (FB) earnings. MSFT and GOOGL AH today, but both gapped down last time.by hungry_hippoUpdated 337