ES
ES SPX At A CRITICAL Probabilities Zones...2008 Again or 5150 ?In this key video, let's review what could happen to the ES SPX at critical zones and Probabilities in the coming week.
First, keep an eye on the fear factor - the VIX index. If we have a flush down, then I expect the algos to come in and squeeze the ES, SPX and cryptos back up. Even in a bear market we have violent squeezes around round numbers like 4000 where the manipulate the markets with flushes and squeezes.
Second, watch the dollar ($DXY) - if it goes back down, it will support risk on assets and thus support the ES and SPX around the 3800 level. See my prior video on the VIX index for a refresher on risk on and risk off assets.
Remember trading is all about probabilities and there are no absolutes in trading. Stay flexible and go with the order flow.
Hope its helps
Have a great week everyone
Marc
$ES Gann Analysis with Projections for Coming WeeksCME_MINI:ES1! tested 4500 levels yesterday and got rejected severely after the markets where spooked by FED's hawkish comments on aggressive rate hikes in the near future.
CME_MINI:ES1! is in the process of breaking a major confluence of support around 4400 indicating that BEARS are firmly in support and the index futures are headed for a test of it support at 4250 either today or early next week.
A weekly Double Top formed yesterday comparing the week of 31/01/2022 and week of 28/03/2022 tops. CME_MINI:ES1! to seek a lower low around the Week of May 17th, 2021 support level at 4050. A support of 4250 is a way point on the way to our target of 4050.
Good Luck!
Fusion Test: ES Future IchimokuClouds-AlgoKeyCode-TheCurve $300+I finally got my own fiber optic line for streaming. So I wanted to test out a theory I had on fusing together ichimoku cloud pop, the curve, and the algo key code all mashed up together like it was some menege et trois. I decided to use the ES because it has the most movement this time of night and also it was blood red when I started which gave it no reason what so ever to succeed. Once it started to look like ground hogs day and it popped the cloud like Superman I placed my trade in. This is a test so no real money.
Once i placed the trade I started looking at the variables for the curve and what happened the last time it did the same thing. Then I dropped the algo Key code. Now the video stopped short and it could possibly still be going up. But when the video was about to cut it was at $287.50 with a high around $300 on 1 contract. I dont know about you but thats pretty strong. Thats 12 ticks. Now the big question is, " Is this repeatable?" Can I find this move and just repeat it again and again.
I guess we will have to wait and see. This was done on a 5 min chart so I would say this happens everyday easily a few times a day maybe. Just depends on if the market makes a correction or not.
The other thing would be if it doesnt happen that much you have other futures you can watch for the same setup. When it happens you can play more contracts to maximize what you need to get out of it.
either way.....This is a test to see if this fusion works.
Please like follow and comment below.
by iCantw84it
1/14/22
SPX'S Fans this is it ballistic or a decent pullback-correction!No middle ground here, this is as a bullish as it gets from an Elliott perspective 5 waves up 3 down so far ,up to the publishing of this idea, wave
3 in incoming. The alternative is WXY and we have already started wave Y, kinda half way through !!!
US Indices Weekly Analysis | November 2, 2021A big week for the stock market! We got nonfarm employment, FOMC statement/interest rate decision, trade balance, nonfarm-payroll and unemployment rate. A lot of potential catalyst hitting the market this week. Defiantly stay sharp and keep a close eye on the market.
US Indices Weekly Analysis | Oct 11, 2021All three major US indices are testing a key support level as we speak. Can price hold these levels and bounce off?
On other note, Chinese Stocks, particularly tech companies, have also seen some strong gains the past two weeks. Does that mean we could be forming a bottom on the Chinese markets? View our analysis now!
Day Trading ES with Simplicity! Initial Balance VWAP and LevelsHey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas of Supply and Demand, (where macro traders sit) you can get a great edge over time with your trading and build a ton of confidence. Check it out for yourself. I also use order flow to actual enter and manage my trade ideas but that is for another topic. Everyone take care out there.