AMPlifiedtrader

ESM 4/16/18

ESM 4/23/18

Overall sideways action with sweet intraday swings has been the ongoing dialogue. 2550-2670 wave has lose its power over us eventually but until then it will just be back and forth. The "analysts" can attempt to make sense of it while we just trade it. Bull AND Bear traps exist out there so be mindful where the stops are.

Still stuck in the grasp of the 2550-2670 wave. The rejection of the 2661 zone on Tuesday provided the Bears with plenty of momentum into the overnight session. Bulls have a few chances for recovery with today's zones/levels but the risk is to the downside. Best to keep things simple and tight while we're in this "value area" of the before mentioned wave.

Based on the swings we've been seeing, don't be surprised if we close the day unchanged...or up +100 pts! But 4-hr chart does suggest a pop. Per MP, 2550-2670 has us in its capture. Based on today's levels, if we see price get above the 2661 Bear zone only to head back below it, that will be super bearish. Have fun.

ESM 4/9/18

TGIF. Happy NFP Friday. Squeeze was released overnight and late bulls got hurt as usual. Nice volatility overnight. Working off the 2550-2670 wave, which suggests lower price reversion into "value" zone. Shaping up to be a back and forth day where 10-15 points swings are nothing. Perfect environment for day trading. 2615 Bull Zone area is the stop zone for those ...

The squeeze is on. Poor late shorts getting hurt, per usual. Look for the squeeze to continue until it really hurts, then I'd expect it gets released at some point but that may not be today as the profile is looking for an upward extension. No surprise if dips get bought today. Looking like a sell off post cash open will be a buy . 2643 bull zone could be the ...

Big moves, big moves. Won't be ending anytime soon.Don't get married to winners and most def don't get married to losers. Take the small losses then re-enter at better levels. It's that simple. There is a long way down below 2539 zone. Don't be a hero.

Stops hit yesterday and we see a rebound...shocker. Although the rally, the risk remains to the downside. I'd imagine a pop post cash open will be a luxurious fade.

Bears need to defend 2636 zone. Above there, Bulls can run. But that might be the more unlikely scenario as the downside targets are growing more powerful as the clock ticks. Price will "trend" after FOMC and we've yet to see a real move yet. Perhaps because it's a holiday week but who knows? Last day of the quarter so look for some action today.

Late Bulls got punished yesterday...look for late Bears from yesterday to feel some pain. A lot of back and forth overnight. Again, great day trading swings. As long as you don't get married to your trades there's no reason to end the day in the red in this environment. Bears need to defend 2639 zone or watch for a price pop. Pressure and risk is to the downside. ...

TGIM. Good Friday this Friday and holidays = Bull but this Sunday Overnight pop is a bit of a surprise. But then again, we should never be surprised as price is random. Volatility reigns. Great for us day traders. Looking like we'll want to fade a pop post cash open again today. With these wide ranges the best practice is to think small (on the defensive end) and ...

TGIF. Fantastic moves this week and it appears we'll finish the week in the same fashion. Yesterday was the "get over the hump day" as price slid below "value area" of two larger waves per MP without any resistance. Support was found overnight and we have a perfect setup for cash open to bring in a whipsaw session. Today is the type of day to think small. Small ...

FOMC is over, time for price to trend. In the large wave (ath - "correction low"), we are in value area per MP and appearing to attempt to round that median hump. Risk is certainly to the downside as the nearest support zone below 95 Bull Zone is a nice drop away. Keep in mind, if bull zone fails but bulls come back to regain the bull zone, it is an extremely ...

ESH 2018

TGIF. Rounding Bottom type action possibly forming. Holding Zone is pivot zone today. Last day trading ESH for me. Was a fun product. On to June next week :)

Late Bulls have been hurt this week with the reversion back to "value area" per MP. Bears show strength here and the risk is certainly to the downside now. Few levels of support where the Bulls can recharge today but below that is a lot of room to move lower. A lot of back and forth, indecision taking place the past month which is perfect environment for the real, ...