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Emini

#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
How I Use Treasury Futures To Better Execute The E-mini S&P 500Interest Rate Futures are the market leaders this year. Our technical indicators have less of an impact when the Bond & Treasury Markets are on the move and as Traders we have to be aware of when that is and how it impacts the price action in the E-mini S&P 500, E-mini Nasdaq 100 and Russell 2000 Futures. In this video I go over a simple, but effective way I use the 10 YR Futures ZN1! & the Micro 10 YR Treasury Futures 10Y1! to better execute the Indexes. To learn more about the Futures Products discussed in the video please check out CME Group's Website. I also mention that I trade futures on TradingView using TradeStation so please go to TradingView's website or TradeStation's website to learn more. Past Performance is not indicative of Future Results. This is for Educational purposes only. Derivatives Trading is not suitable for all Investors.
CBOT:ZN1!Education
by anthonycrudele
14
$ES Emini SPY SPXTwo interesting scenarios here As long as bulls stay over 4xxx, I think we see another leg up However, there was serious volume lacking last week (could have been due to the short week) but if not, the bullish scenario could indicate MMs simply setting up to drop it again. If 4076-4030 support holds, the triangle remains valid. I expect chop in the 4164-4200 supply. I'd be looking to short from the supply zone there. If bulls cannot sustain above 4000, I see test of the 3810 low on the cards.
CME_MINI:ES1!
by Premium_Tendies
Explaining the moves on the S&P500So far this correction on the S&P has been extremely orderly and makes a lot of sense. A lot of things are very similar to the 2018 correction, especially when it comes to how the market has moved. The key differences in the current environment are that the Fed hasn't raised rates as much, inflation is a lot higher, debt is a lower higher, the economy is in a worse shape, energy is a lot more expensive and markets are still a lot higher than they were back then. Yet volatility hasn't gotten out of control and the market is moving in an orderly fashion. Now the key reasons as to why stocks have fallen so much are: 1) Future earnings have been revised downwards due to bad economic conditions and deglobalization, 2) Inflation is hurting a lot of companies as their expenses keep going up, 3) Inflation has caused markets and the Fed to raise rates, something that has put a lot of pressure on everyone that wants to borrow or has borrowed money ( funds, governments, corporates, retail), 4) Markets were significantly elevated and the valuations of many companies were unreasonable. At the moment the market is bouncing as many investors got extremely bearish. The sentiment everywhere was so bearish, and although I personally don't think the bottom is in, I believed a relief rally was going to come. Why? Well, let's start with some fundamental and technical analysis and see how we got here... Since Mar 2021 inflation started getting hot, while certain sectors of the market started getting hit. In November inflation became too hot and the Fed made clear that it would fight inflation by raising rates and stopping QE. In December and January the market had an ordinary dip down to the May-June 2021 highs, swept some key lows and bounced. In February as inflation wasn't going down and Russia was positioning to invade Ukraine, markets started becoming fearful and fell enough to fill a double gap on SPY, and bottomed soon after Russia invaded Ukraine. Fear had reached a peak at that time, but the bounce wasn't all that strong as the Fed was still planning to do its first rate hike. Soon the market rolled over again without making a new low. Once the market swept a low on SPX but not on SPY it bounced hard just a few days before the Fed meeting. After the Fed meeting it rallied hard and went up to the Jan-Feb triple top, swept the highs, hit resistance and partially filled an open gap. The same way the market went for the highs and the gap in its reach for liquidity (hunting stops), then went for the lows and the gaps lower, as there were several of them. The drop begun before the next Fed meeting, and on the second Fed meeting they raised rates by 0.5%. They also made clear that they didn't plan any hikes larger than 0.5%, something that initially caused the market to spike higher, as it interpreted the news as bullish, while also expecting the second meeting to play out like the first one. However that wasn't the case and the market crumbled lower soon after. Investors had the wrong expectations and the market was still heavy. Once the market fell by 20%, it paused, but as it had formed a cheeky triple bottom, it made a final push lower before bouncing higher. It also hit the Monthly S3 which is a great place to bottom, consolidated a bit and then bounced hard. It has now reclaimed key support levels and could go up to 430-440 (4300-4400) in order to take out the triple top and retest the key breakdown zone, along with the Yearly Pivot. What could come after this is unclear. In my opinion inflation has peaked and although it will probably be positive YoY, as bonds yields have started coming down and the terminal rate seems to be around 2-3%, the Fed might slow down a bit. They might start being more dovish in their next meetings as they don't want to push things too much. Inflation is already coming down in the US due to a strong dollar, equities collapsing, a much lower growth in the money supply and with QT starting in June. At the same time however, the energy and food shortages could become so extreme, something that the bond market probably already knows that and that's why it looks shaky. Things are so bad for ordinary people, that if the Fed & government don't start to support everyone in need, things could get very ugly. Therefore bond yields coming down along with inflation could simply be a short term pause and nothing more than that. Maybe in a few months they could resume higher, putting additional pressure on stocks. In my opinion stocks could rally by another 5-6% before rolling over again, although I am not sure whether the bottom is in or not. I tend to believe it isn't, and that stocks would need to fall 5-15% from their recent low, but wouldn't be surprised if they go up 5%, drop 7% and then go higher again.
AMEX:SPY
by BitcoinMacro
1
Dog Days of Summer for S&P 500If we perform a fib retracement from the bottom of the 2009 crash to the 4800 top and the bottom of the 2020 crash to the 4800 top. Some of the retracements line up. We have already seen it bounce off the first alignment from just above the 3800 level. The bottom seems to be pointing to around 3200. It probably won't go there right away, as a slight bounce is likely from here to work off the oversold condition followed by the next leg down. If we hit the 3500 level I expect a strong bounce and fake bottom to be put in place. Do not be fooled or use leverage, slowly accumulate positions at these levels.
SP:SPXShort
by Lazy_Investing