Expanded Flat Consolidation Fun little thesis i denoted with fib extensions that would lead us up to november election by juicy6420
Trading Plan for Monday, April 1st, 2024Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major), 5245-47 (major), 5234, 5230, 5222 (major), 5217, 5212 (major), 5207, 5202, 5186-5191 (major), 5176, 5165-67 (major). Resistances to Monitor: Key Resistances: 5311, 5316 (major), 5321, 5326, 5329-30 (major), 5337, 5342, 5347 (major), 5351, 5355, 5358 (major), 5362, 5372, 5382 (major), 5389, 5396-5400 (major), 5407 (major), 5412, 5425, 5430, 5435-38 (major), 5445, 5451 (major) Trading Strategy: Price Discovery: After the long weekend, anticipate market moves as price discovery unfolds. Prioritize patience and focus on reacting to price action rather than predicting. Consolidation Range: Be aware that the 5300-5320 zone is a new consolidation range, likely to see choppy price action. Overtrading in this zone can be detrimental. Long Opportunities: Exercise caution with long entries over the weekend. If 5299-5302 is retested, consider bids, or, for additional confirmation, wait for the failed breakdown setup (below overnight and daily lows, then reclaim) Below that, only the major levels are of interest for longs. Short Opportunities: Counter-trend shorting on strength carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Bull Case Support Holds: As long as supports like 5299-5302 hold, bulls maintain short-term control. Range Trading: ES could consolidate within the 5302-5320 range, potentially ping-ponging within it. Breakout Continuation: A decisive break and hold above 5320 could lead to a surge towards 5329-30, then 5347. Reclaims of 5307 are areas to potentially add to longs, with disciplined profit-taking. Bear Case Breakdown Signals: Breakdown below 5299-5302 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 29th, 2024 Global Humanitarian Crises: Focus on the UNHCR appeal for aid for South Sudanese refugees, the ICJ measures for Israel, the humanitarian situation in Haiti, and the youth mobilization around the UN Summit of the Future. Climate Change Impacts: Examine the effects of climate change on Nepal's biodiversity and the resilience of communities in Madagascar despite gender-based violence. Economic Updates: Analyze the latest inflation data from the Fed's preferred PCE price index, Huawei's financial results, and Syngenta's cancellation of its Chinese IPO. Fed Policy Outlook: Consider Fed Chair Powell's commentary and the impact of the LEI on potential economic growth and the Fed's approach to interest rates. Market Sentiment: Assess market volatility surrounding the PCE report and potential risks. Remember: The market is undergoing price discovery. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.by spytradingpro0
Bullish bias cautious structureThe bias for the S&P 500 remains bullish. However, the price structure as the market finish trading for the week is potentially bearish as discussed in the video. Although will be closed on Friday it will be interesting to see how the market reacts to fundamental information on Friday when it opens again 5 o'clock Chicago time Sunday night. 02:43by DanGramza113
a daily price action after hour update - sp500Good evening and i hope you are well. sp500 e-mini futures bull case: Bulls got the more up but barely. The high today was 3 points below the ath and that qualifies as a double top. Do we trade down from here? I don’t know. If bulls can keep it above 5300, it’s as bullish as it gets. Many support lines below on the chart and bears not doing enough to make bulls take profit. If bulls can close this quarter at the highs again, consider me dumbstruck again. bear case: Pullback was shallow as expected. Unexpected was the selloff into the close again. My thesis was, this is profit taking end of quarter and i expect more trading range price action tomorrow. If the low probability case happens and we see bigger profit taking, it could actually become a big pullback from near the ath. But i will only look for shorts when we close a 1h big red candle below 5300. short term: Neutral going into last trading dax of the quarter. Absolutely everything is on the table for tomorrow, from melt up 5400 to big profit taking to 5280. medium-long term: Below 5200 i keep my bearish thesis as drawn (weekly outlook). above we can go much higher before down. we could also range above 5000 for many months without going nowhere. I expect earnings to become weak in this quarter but could take next one as well. —unchanged trade of the day: Buy near 5300 and sell above 5312 , worked since yesterday late in US session.by priceactiontds220
AMDX OR XAMDThe market can be viewed in cycles. A- Accumulation M- Manipulation D- Distribution x- R/C reversal or contiuation then it repeats.by dclemens5610
ES Morning Session REview 3-28-24Going over the price action Morning Session. we are breaking higher out of our flag but not many A+ trade setups. lowering Risk and considering calling it a day early. 00:57by BobbyS8130
ES updateInflation numbers tomorrow, MFI will go overbought Monday regardless of which way it gaps. Staying cash for now, since I missed the big pump yesterday afternoon.by hungry_hippo227
Trading Plan for Thursday, March 28th, 2024Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major), 5178-76 (major), 5171, 5165 (major), 5155-58 (major), 5147, 5143, 5136, 5123-26 (major). Resistances to Monitor: Key Resistances: 5311, 5316 (major), 5320, 5326, 5336, 5342 (major), 5346, 5351 (major), 5360, 5364, 5372 (major), 5380-83 (major), 5388, 5395, 5403 (major), 5413, 5425-30 (major), 5445 (major) Trading Strategy: Price Discovery: After a strong surge, the market is in price discovery mode. Prioritize patience and focus on reacting to price action rather than predicting. Long Opportunities: Exercise caution with after-hours long entries: prioritize profit preservation on your existing long runner. Consider bids at 5296-5299 for a backtest, or, for additional confirmation, wait for the 5274-70 zone to be tested and reclaimed. Below that, only the major levels are of interest for longs. Short Opportunities: Counter-trend shorting on strength after a strong move carries significant risk. Use extreme caution if considering shorts near major resistances. Watch for signs of a breakdown or retracement for better risk/reward entries. Focus on Reactions: Don't force trades, be patient, and react to price action. Bull Case Support Holds: As long as supports like 5299-96 and the crucial 5274-70 zone hold, bulls maintain short-term control. Breakout Continuation: A decisive hold and test of 5299-96 could lead to a surge towards 5316, 5320, 5326, with 5342 as the first major target. Bear Case Breakdown Signals: Breakdown below 5267-70 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns or bounces. Exercise patience as these setups often involve traps. News: Top Stories for March 28th, 2024 U.S. Economy Outlook: Analysts provide insights on the U.S. economy's resilience, potential for soft landing, and the Fed's possible rate adjustments in late 2024. Stock Market Performance: The S&P 500's recent gains, fueled by strong corporate earnings and optimistic investor sentiment. Global Economic Updates: Updates on the economic conditions of the Eurozone, the U.K., and emerging markets, including growth projections from Vanguard. Corporate Earnings Updates: Focus on financial results and guidance from companies like Sharecare, Janover Inc., and Medigene AG. Stock Market Trends: Wall Street's positive reaction to the Fed's recent dovish comments and expectations for continued market gains. Review Indian equity market performance. F&O Ban List: Securities facing F&O ban and their potential impact on trading activity. Market Forecasts: Analyze market sentiment, gold and Bitcoin price trends, and potential cybersecurity investments. Remember: The market is undergoing price discovery. Be adaptable, manage risk, prioritize capital preservation, and always prioritize reacting to price action over any predictions.by spytradingpro0
ES Morning Price Action rEview 3-28-24Going over the Price Action Overnight. looking for clues and laying out a plan for the day. 03:05by BobbyS8130
ES - Ying YangDollar index correlation with ES does not hold the same weight as euro and cable but occasionally, when Dollar rallies, ES struggles to trend upwards. 5285 highest FVG displacement is me going for a lowest hanging fruit with 5287.25 being my overall target for the week. 5311.75 intermediate term highs is where I will draw the boundaries with my short bias. I expect 5285 to be met before (if any) retracement to 5311.75 My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN Shortby LegendSinceUpdated 0
Getting ready for the holidayHow the S&P 500 futures market finishes on Thursday will provide us with clues about the level of confidence from buyers as we go into additional information on Friday when the markets going to be closed and into a holiday weekend.02:34by DanGramza2
ES Day Price Action Review 3-27-24Going over the price action ES for WEdnesday. what clues is the market leaving for us and how are we positioning for the next moves. 05:20by BobbyS8130
$spx geometric progressionpotential geometric progression for $spx since 2009 rally with flat 2018/2020 as mid pointLongby LotusTrading20Updated 115
New Trade on SP500 Using Same StrategyHere is an example of a trade setup with this system that I am taking. It took 4 days for market to enter trade alert zone at 50% retracement level. Market open 6:00p EST check charts found trade setup. buy 5266 stop 5230 This is not financial advice and remember always use risk management! Trade Well, CliffordLongby TradeTheIndexUpdated 221
RTH DAILY OPENNG GAPThe Market tries to maintain balance. So remember to check the RTH Range in the morning. Large gaps have a tendency to be filled quickly, Shortby dclemens5610
ES Morning Session Review 3-27-24Going Over Morning session ES looking for clues and trying to listen to what the market is telling us. 02:02by BobbyS8130
ES UpdateCrazy market, Euros with the pump again. Bailed on my AAPL puts for a loss, made it back day trading AFRM puts. I think I'm just gonna day trade for a few days, there's just crazy rotations everywhere. Today AAPL is up and NVDA is down, lol. QQQ went red. Nuts. I have no idea what the market is doing, not gonna post until inflation numbers come out Friday. Note that Friday is a holiday.by hungry_hippoUpdated 117
swing short on $spxwe are targeting 5168/62... 5157 should hold for market to keep going higher... Shortby LotusTrading20Updated 1
Over Night Price Action rEview ES 3-27-24Going over the OverNight Price Action ES looking for clues and coming up with multiple plans. 01:58by BobbyS8130
Trading Plan for Wednesday, March 27th, 2024Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to Monitor: Key Resistances: 5274 (major), 5281, 5286-88 (major), 5293, 5299 (major), 5305 (major), 5311, 5315, 5318-20 (major), 5328, 5336-38 (major), 5345 (major), 5354, 5365 (major), 5372, 5380 (major), 5392, 5399 (major), 5408 (major), 5416 (major), 5425, 5432, 5440-44 (major), 5448, 5457 (major) Trading Strategy: Support & Resistance: Watch for potential bounces on support levels 5266, 5247 (triangle backtest), or a deeper pullback to 5242. For shorts, look higher towards 5286-88 or the 5299 zone after a strong move up. Long Opportunities: Consider longs only on strong reactions to support levels, ideally with confirmed failed breakdowns for added safety. Short Opportunities: If considering shorts, strong moves up followed by signs of weakness near resistance zones could be potential areas. Focus on Reactions: Be adaptable – volatility can create opportunities and traps with equal measure. Bull Case Support Holds: As long as supports like 5266, then particularly the triangle backtest at 5247 hold, bulls maintain short-term control. Breakout potential: A decisive breakout above the flag pattern's resistance around the 5300 zone could lead to a surge towards 5318-20 and potentially new highs. Bear Case Breakdown Signals: Breakdown below 5266 followed by continued selling could trigger a move downwards. Look for potential shorting opportunities on failed breakdowns or bounces with extremely tight stops due to FOMC volatility. . News: Top Stories for March 27th, 2024 Regulatory Response to Bank Runs: Federal Reserve and regulatory officials prepare to announce new rules designed to prevent future bank crises, addressing lessons learned from last year's turmoil. Economic Outlook: Recent CPI data, comments from industry leaders and analysts provide insights into inflation trends, monetary policy expectations, and the global economic outlook. Market Performance and Expectations: A cautious outlook for 2024 due to various factors including geopolitical risks and monetary headwinds. Corporate News: Updates on legal settlements, management changes, and stock market debuts affecting companies like Visa, Mastercard, Boeing, and Truth Social. Legal Issues in Crypto: U.S. prosecutors file criminal charges against KuCoin exchange and its founders. Currency and Interest Rates: Tracking movements in the Japanese Yen and potential actions by the Swedish Riksbank.by spytradingpro0
looking for shortsprice seems to be looking for liquidity to gain strength to push down. I am using the fib to find optimal trade discounts. Shortby AT-3U115i0
Inside day for WednesdayThe expectation for the S&P 500 is an inside day on Wednesday as the market evens up midweek.01:26by DanGramza1
ES1! evening updateBullish count (in green) has us working on wave 5 of 3 of 3 of 3. Bear count (in red) has us completing wave 5 of C of Y of B. Both counts have upper limit of 5443.75 for validity. Bullish count would have wave 4 of 3 of 3 complete in the 5100-5200 area. Bearish count is looking for a market top.by discobiscuit0