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Emini

#ES 07.07.22 Daily Overview with Levels to WatchYday we were able to hold above our Key Support at 3809.50-3805.25 and after the FOMC release got a push over Previous Day High and over next Key Level of 3853.25-3847.25. Globex we failed to get back under 3853.25-3847.25 and accept and got a push back over it but so far we have been hanging out here between Key Level and next level up under Previous Day high which is usually a sign of distribution to me as we still have supply above keeping us down but on the other hand we can be absorbing it here before next move up since we are holding over T2 High area for today but I think Market is waiting for ADP and Claims to make the move. Question today is do we have enough people trapped that will help push us higher today and fill the sets of singles we have above us or will we back in under this 53-47 area making this supply that would help and push us back into T2 range. --- On The Upside: Holding above T2 High area of 3839-3835.50 and 3853.25-3847.25 is a continued sign of strength, if we fail to push lower and accept this can give us a push higher and possibly more buy ins today towards the single -prints and upper levels. We can see 3866.75-3863.25, 3878.75-3874.75 which would be our first area to watch for continuation since its Previous Days High then Key Level and first big area of single prints at 3892.25-3887.25 This is where we would see how strong the move is and if we can fill that/accept and continue towards 3901.25-3898 , 3914.75-3910.75 and 3931.75-3927.25 But we have supply above so have to monitor level to level. --- On The Downside: Staying under previous days high and 3866.75-3863.25 can give us a test of 3853.25-3847.25 getting under that would be our first sign of weakness and can give us a test of T2 High area at 3839-3835.50 this is where we would need to see for break and acceptance for any continuation lower, if we do accept back in T2 range and now we will have more inventory from above that can help and push us towards T2 half back areas and possibly the Low depending on how much selling we get IF we do accept back in we will be looing for 3825.50-3820.25 Key Level 3809.50-3805.25 if that goes then can see 3791.75-3787.75, 3780.50-3776.75, 3764.75-3760.50 *** Levels To Watch: 3892.25-3887.25 // 3878.75-3874.75 // 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25
CME_MINI:ES1!
by HollowMn
#ES 07.06.22 Daily Overview with Levels to WatchYday we tested the T2 Low/Previous day Low and found support there and were actually able to drive back towards previous day high, in Globex we attempted few times to get over Previous Day High with failures but we are not getting much selling because we still have shorts trapped below who buy this up every time we come down towards the singles. Question today is will we have enough buying to get use over Previous Day High and T2 High area to maybe see a short squeeze higher or will we fail to get over and will have enough supply to come down and test lower Key Areas along with T2 Low/Previous Day low again and maybe this time break it. We have Jolt and FOMC Minutes tomorrow so also possible market will stay in Balance inside Previous Days range while waiting for those releases. --- On The Upside: Holding above our Key Level of 3809.50-3808.25 is continued sign of strength and from there we can see tests of 3825.50-3820.25, 3839-3835.50 which will be our area to watch for continuation high as that will be T2 and Previous Day High location, above that Key Level of 3853.25-3847.25 to really confirm the upside and for us to continue. --- On The Downside: Holding Below Previous Day High area of 3839-3835.50 can give us a test of 3825.50-3820.50, Key Area of 3809.50-3805.25 this and level below which would be Previous day Half Back at 3791.75-3787.75 would be to watch for any continuation lower, as we might find balance between this areas until Jolts/FOMC tomorrow but if we do break it and continue we have 3780.50-3776.75 Key Level 3764.75-3760.50 and from there we would watch T2 and Previous Days Lows around 3747.50-3744.75 for any continuation lower. *** Level To Watch: 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25 // 3791.75-3787.75 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 07.05.22 Daily Overview with Levels to WatchFriday with held inside previous days range as we thought we might since it was a lower volume day before the three day weekend. In Globex we continued our Friday strength and last night were able to drive above Previous Day (Friday) High and hit next Key Level of 3853.25-3847.25 where we found sellers, we spent time over the high selling inventory and once we did that we had more supply above and failed back inside previous range. After look above the high and fail we can see the Lows as targets for today and depending if we hold down there or not maybe a continuation lower. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness and can give a test of Previous day Low and T+2 Low, we are currently already coming down so levels to watch are 3780.50-3776.75 Key Level of 3764.75-3760.50 where we can see some support but if that breaks we have Previous Day Low and T+2 Low area around our 3747.50-3744.75 level to watch for continuation but below that is 3728.75-3725.25 and next Key Level of 3714.75-3709.75 Where we can also see support unless going down on good volume and get right through it then can watch for further continuation. --- On The Upside: Testing and Holding Previous Day Low/ T+2 Low area can give us a move back over 3764.75-3760.50, 3780.50-3776.75, 3791.75-3787.75. *** Levels to Watch: 3809.50-3805.25 // 3767.75-3760.50 // 3747.50-3744.75 // 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
#ES 07.01.22 Daily Overview and Levels to WatchYday we opened right at our 3780.50-3776.75 level, failed over it and drove down to break Key Level of 3764.75-3760.50 from which I was expecting to go down and hit next Key Level lower but we failed to take out 3747.50-3744.75 and found a nice bid down there that took us all the way back to test Previous Day Low and T2 area over our 3809.50-3805.25 level where we found sellers. Rest of the day was not much action as we have Holiday Weekend coming up and not as many participants in the market plus all the real size traders are out enjoying their time with interns running the show. Question today is will we have a slower balanced day or will we get some unexpected action. In Globex we found support at Previous day low and put together a position between Previous Day Low and our 3764.75-3760.50 Level that we drove up and selling up here, we should open today inside Previous Days Range but under T+2 low which tells us we can see selling from that area but will it be strong enough to take us lower today and break previous day low and extend to next Key Level or not. --- On The Downside: Holding below Previous Day High and T+2 area which is around Key Level of 3809.50-3805.25 is a sign of continued weakness and failure to take 3791.75-3787.75 and extend higher or failure at T+2 low area can give us a push lower to 3780.50-3776.75 and Key Level of 3764.75-3760.50 This will be first area to watch for continuation lower, if this breaks we have Previous Day Low and our 3747.50-3744.75 Level that we need to see break for us to get any lower, if that happens we have 3728.75-3725.25 and 3714.75-3709.75 Where we can find support so would be the spot to watch if we get there for continuation or not. --- On The Upside: Holding above Globex position and Key Level of 3764.75-3760.50 can give us 3780.50-3776.75, 3791.75-3787.75 and possibly T+2 low Key level of 3809.50-3805.25 where we would watch for continuation higher, would have to take Previous Day High and accept to really get going to the upside. --- We can also have an inside day and just balance between T2 Low areas and Previous Day low, Friday before the holiday can give us a grindy day without much to do. *** Levels to Watch: 3825.50-3820.25 // 3809.50-3805.25 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 06.30.22 Daily Overview with Levels to WatchYday we had a balanced day between our supply above 3853-3847 and our buyers in the Gap area and Key Support at 3809.50-3805.25. We had a seller above 3840 all day and we could get past that 40 wall even with all the buying which tells us someone was selling filling orders into all the buying. Globex we broke the Key Support and saw that inventory leak out down to our next Key Level which we wanted to see yesterday at 3764.75-3760.50, We currently found support here but as I mentioned yesterday there is not a lot of support below and if this does break today and we accept then I will have my eyes on lower Key Levels at 3714.75-3709.75 and always possible to reach 3671.75-3665.75 if enough order flow. It is last day of the Month a day before 3 day Holiday weekend so no one wants to put a lot of risk on these last two days and a lot might want to try and get out of their positions. Anything can happen on Month end so we watch levels to break and continuation. Currently our Globex inventory is short from yesterdays close, we are under T+2 and previous day lows which can give us margin calls. At the open we will want to see if we will get any correction to the ON Inventory or if we will get a trend continuation right away. We have Core PCE at 830 we are waiting for now, lets see how we open. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness, if we fail get over 3780.50-3776.75 and come back down to break/accept under Key Support of 3764.75-3760.50 that can give us a test of 3747.50-3744.75, 3728.75-3725.25, Key Level of 3714.75-3709.75 where we can see some buying but if going down and break it then we can see continuation lower towards 3698.50-3695.50, 3686.75-3683.75 and Key Level of 3671.75-3665.75 --- On The Upside: Holding above Key Level of 3764.75-3760.50 can give us a correction to the upside towards 3780.50-3776.75 and maybe 3791.75-3787.75 these would be important areas to watch for continuation higher but in order to get a upside confirm and get any real continuation higher we would have to get through and accept over 3809.50-3805.25 *** Levels to Watch: 3791.75-3787.75 // 3780.50-3776.75 // 3764.75-3760.50 // 3714.75-3709.75 // 3698.50-3695.50
CME_MINI:ES1!
by HollowMn
#ES 06.28.22 Overview with Levels to WatchYday we had a balanced RTH between Globex inventory over our Key Level of 3931.75-3927.25 and short position below our Key Level 3892.25-3887.25. Last night in Globex we tested Key Support and it held giving us rotation back up to 3931.75-3927.25 but this morning so far we have failed to get over it and accept, currently that inventory is coming out and we want to see where we open but for now we are back in under T+2 high area and holding under is our first sign of weakness and could give us a test of at least T2 half back area around 3875 which is where we also have buyers in those single prints below it. If we failed to hold under T2 High area that will be our sign that we might not have supply for that, have to watch and see what we do. --- On The Downside: Holding under T+2 High area and Key Level 3931.75-3927.25 is our sign of weakness and can give a test of 3914.75-3910.75, 3901.25-3898 Key Level at 3892.25-3887.25 and Possibly T2 half back area at 3878.75-3874.75. We do expect to see buying around there if we do get there and this would be the spot to watch for continuation lower or failure. If we do break and accept under then we have 3866.75-3663.25 Key Level at 3853.25-3847.25 and T+2 low area around 3839-3835.50 --- On The Upside: Failure to extend lower and reach Key Level at 3892.25-3887.25 or reach and fail to take out can give us a push back up towards T+2 High area which would be the spot we need to get over and hold today in order to get continuation higher, if we can do that then we have Key Level at 3931.75-3927.25 if we take it can see 3944.25-3940.25, 3957.25-3953.25 up to next Key Level of 3976.50-3971.50 *** Levels to Watch: 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 // 3878.75-3874.75
CME_MINI:ES1!
by HollowMn
#ES 06.27.22 Overview with Levels to WatchFriday morning RTH opened up and right away drove over the Globex inventory and a level to watch of 3839-3835.50, inventory was long and we got no correction that told us the strength for the day, we drove straight to next Key Level of 3892.25-3887.25 Where we found some resistance which was right at the Gap area where we expected to have supply, we consolidated for some time and got an afternoon drive to fill the Gap and tested higher levels. Last night Globex failed to break our 3901.25-3898 level and come down to test Key Level of 3892.25-3887.25 which told us we did not have supply for that yet. After the London open we were able to drive the inventory over the next Key Level and have been selling it over since. Question today is will we get continuation of strength and test of higher levels or will we come back in and test the lower break out areas. Globex inventory right now is mostly long over Friday close and looks like correcting, we have Durable Goods at 8:30am and will have to see where we will open today. --- On The Upside: Holding above Previous Day high and over our 3914.75-3910.75 level is a sign of stability and can give us another attempt at Key Level of 3931.75-3927.25 (that is we get a correction under it) if not that can give us even more strength to push higher, if we accept over this Key Level then our upper targets will be 3944.25-3940.25 , 3957.25-3953.25 and next Key Level of 3976.50-3971.50 which we will have to monitor for any continuation higher. It is month end and good saying is don't short month end so lets see if we get some continuation this week week or not. --- On The Downside: If we get under Key Level of 3931.75-3927.25 we have Previous Day high area and a level of 3914.75-3910.75 which we will need to watch for signs of continuation lower, if we do accept in Previous Day Range then we can see 3901.25-3898 and Key Level of 3892.25-3887.25, for the buying from Friday to stick we would ideally see it hold that level IF we get there, if it gets taken out and we accept under then we will monitor for continuation lower but for now we are over T+2 High and Previous Day High which does not give us much confidence for shorts but in this market anything can happen so we watch it level to level. *** Key Levels to Watch: 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 -- 3957.25-3953.25 // 3976.50-3971.50
CME_MINI:ES1!
by HollowMn
#ES 06.24.22 Overview with Levels to WatchYday at the open we failed to accept over T+2 High area and got a move down from there towards Key Support at 3764.75-3760.50 which was one of the important levels to watch and I thought if we break it then we should see it head lower and possible even head for the lows from last week but T+2 low was an important area to watch under Key Support in order to get continuation lower which was also the spot from our Globex inventory position or size traders cost basis. When we failed to fully break 3747.50-3744.25 level that was my first warning sign that supply is running out because other wise we would have broken it on the first or at least the second push from 65-60 area but we did not have the supply to do that. Once we got back over 3764.75-3760.50 that meant we accepted back in that range and our target was next Key Resistance which also lined up with Previous Day High Area around 3809.50-3805.25 which is where we found some sellers when we got there at the end of the day and we closed for a balanced day within Previous Days range as was one of the options yesterday if we dont break Highs/Lows. Globex we failed to go lower, looks like collected the rest of supply from above 3791.75-3787.75 and were able to push the price over our next Key Resistance and into the next range. Today that area will be key to watch, Globex inventory is 100% long right now and we were above VWAP all night selling, at the open we will be looking to see if we get any correction towards the VWAP and possibly under to test that 3809.50-3805.25 area, our position is below it and this is where we want to hold for rotation back up. Or if we will fail at that level and accept under but for continuation lower we need to break it and start taking out lower levels. Looks like we will be opening on a Gap and over T2/Previous Day highs so I will be careful on the downside unless key levels break. -- On the Upside: Holding above 3791.75-3787.75 which is a our Globex support is a sign of strength, if we get a correction from the open towards Key Level of 3809.50-3805.25 then this is the area to watch it will be our Previous Day High/T+2 High, inability to get there or get there but consolidate at it without breaking in and accepting will our tell on how much supply we have above, it should be mostly the buyers from globex that will need to come out. Holding Key Level can give us a test of 3825.50-3820.25, 3839-3835.50, and next Key Level at 3853.25-3847.25 that is a good area to find more resistance today or might get a push higher towards 3866.75-3863.25 but I will be cautious on continuation beyond that unless we get big order flow that will push us of course. -- On the Downside: Holding below 3839-3835.50 can give us a push lower to correct inventory towards 3825.50-3820.25 and possibly 3809.50-3805.25 this is an area we will be watching for buyers to step in unless we break it with volume and keep going lower but will not get a further downside confirm until 3791.75-3787.75 breaks, that is the area where size traders put together their position. watching how price behaves at each level is key. *** Key Areas to Watch : 3791.75-3787.75 // 3809.50-3805.25 // 3839-3835.50 // 3853.25-3847.25
CME_MINI:ES1!
by HollowMn
#ES 06.22.22 Daily Plan with Levels Was expecting this retracement yesterday but we had too many people short from Thursday/Friday and structure yday showed early that we will not come down for now when we held the Gap area pre market, drove away from it at the open and got over the Globex inventory. Failure to extend over 3780.50-3776.75 and reach next stops around 3790 area was my MGI that this buying is not as strong and we are most likely selling our position from below here and once shorts are filled and we get under Key Level at 3764.75-3760.50 then we could find ourselves back at T+2 High area and the beginning of Sunday Globex move, I was hoping we will do that closer to RTH so I can trade it but missed the trade last night. Today we currently looked below our Key Level of 3714.75-3709.75 which is also Friday high/T+2 High area, we have more supply now trapped over 3747.50-3444.75 which might give us a push we need to take out the lows from Thursday/Friday. -- On The Downside: Holding under 3728.75-3725.25 will be a sign of weakness for us today as that is the GAP area we technically never filled in RTH, getting under our Key level of 3714.75-3709.75 and accepting will be our downside confirm which could give us tests of 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes we can continue lower towards the lows from Last week and our next levels to watch will be 3655.25- 3650.75, 3638.25-3634.25 and next Key Support 3619.50-3613.25 if we do get that low then those areas can be a good location for a bounce. -- On The Upside: Holding above T+2/Friday high and our Key Level of 3714.75-3709.75 is a sign of stability, if we fail to get under and accept then that can give us a test of 3728.75-3725.25 area which would be our gap fill and from there we need to monitor continuation, could get to 3741.50-3744.75 and Key Resistance at 3764.75-3760.50 but we have supply trapped from yesterday there, will be cautious on the upside. *** Key Levels to Watch: 3728.75-3725.25 // 3714.75-3709.75 // 3671.75-3665.75 // 3638.25-3634.25
CME_MINI:ES1!
by HollowMn
#ES 06.21.22 Daily Plan with LevelsSunday/Monday Globex we keep marking up and selling our product, we got into the area I put on watch yesterday and this is what I want to see if we will hold and accept or did we sell our product from below and will come back down to look for buyers lower. So far Globex inventory 100% long from Friday Close, we now have people trapped between our 3728 and 3747 area and are back in the Gap location, Gap is not considered filled until we do it RTH so here are the two scenarios I will be looking at. -- On The Upside: Holding above our Key Support of 3714.75-3709.75 is a sign of strength in RTH and can give us a test of this Gap fill area at 3728.75-3725.25 ( if we get under it before RTH and hold support ) and if we take out that area and hold above then upper levels are 3447.50-3444.75 and next Key Resistance at 3764.75-3760.50, Gap area and Key Support will be key levels to hold for that to happen. If we do hold those and are going up on big volume then can see areas tested above Key Resistance as well. -- On the Downside: Getting under this Gap area and our level of 3728.75-2725.25 would be our first sign of weakness, we have Key Support at 3714.75-3709.75 which lines up with our Friday High and T+2 High if we are able to break that and accept back inside Friday range then we can see the lower levels tested at 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes then we have lower levels and Friday low to test which would be 3655.25-3650.75, 3638.25-3634.25 and next Key Support at 3619.50-3613.25 IF we are going down on big volume then can expect that support to be broken and extended a bit lower as well. *** Key areas to watch 3728.75-3725.25 - 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
Showcase: Trading the e-mini Dow Jones (YM) 22-06-201. Did a long trade (paper trading) on e-mini Dow Jones. 2. Reason for the long trade: a) Price do a higher lower; a UT bar appears but the next bar overtake the UT. b) Volume is supporting the upward move. c) Strong support level at 29910 range. 3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit. 4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts. 5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
CBOT_MINI:YM1!Long
by mdalifalwi
S&P 500 VS STOCKSIn this idea, I'm simply taking a look at the S&P 500 verses the actual stocks that make up the S&P 500 by using their 200d and 50d averages. This can be useful as an indicator to look for divergences, early warning signs, or confirmational trend changes. Top pane = SPX stocks above their 200 day moving average Middle pane = SPX stocks above their 50 day moving average Lower pane = SPX index Since May 2021, it's evident that the stocks > their 200 day and stocks > their 50 day have been trending down while as the overall index has been trending up. This is a sizable divergence that could cause a sudden correction in the index. While I'm speculating, I do not believe the indices have put in their major top yet. But that doesn't mean we will not see a sizable correction with weeks or months of volatility. Let's see if the indices can take a chill pill for a while and offer another buying opportunity.
SP:SPX
by gghsusa
68