S&P 500 Futures Market, 7/21/23For Friday, 4611.25 can contain session strength, 4567.50 likely to contain initial selling, while breaking/opening below 4567.50 allows 4493.75 intraday, able to contain session weakness.
Closing below 4493.75 indicates 4456.00 on Monday, where the market can bottom out through next week, and the start of a wide zone of midterm support on a 4369.50 able to absorb selling pressures through August trade.
Upside Friday, pushing/opening above 4611.25 allows 4655.25 intraday, the start of a range of midterm resistance up to 4676.00 able to contain buying through August activity.
S&P 500 E-Mini Futures
S&P500 Another buy opportunity on its way to 4640.S&P500 is having a short pull back today after crossing over Resistance 1 (4515).
Despite the constant rise, it remains inside both the yellow 4 month Channel Up as well as the wider one from late last year.
This bullish wave draws similarities with May-June.
Trading Plan:
1. Buy on the current market price.
2. Sell if it crosses under the MA50 (1d).
Targets:
1. 4640 (Resistance 2 and top of both Channel Up patterns).
2. 4200 (projected course of the MA200 1d).
Tips:
1. The RSI (1d) is trading inside its own Channel Up. A break under it, could be an early sell signal to watch for the MA50 (1d).
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Notes:
Past trading plan:
Earnings Exuberance Evaporating?S&P 500 INDEX MODEL TRADING PLANS for THU. 07/20
Market action since yesterday's close indicate the potential for the "Irrational Exuberance" prevailing for the last few months could begin to settle down to economic realities ("potential", and "could" are the operative words there). This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks.
Early earnings so far indicate strong earnings momentum. If the earnings continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4500-4505 is now a key area of support, and 4575-4580 is the next area of resistance.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4568, 4556, or 4536 with an 8-point trailing stop, and going short on a break below 4564, 4552, 4546, or 4533 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4559. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
S&P 500 Analysis for: 7/20/23For Thursday, 4606.00 can contain session strength (assuming an open below), 4562.50 likely to contain initial selling, below which 4493.75 is attainable intraday and able to contain session weakness.
Closing below 4493.75 indicates 4455.25 tomorrow, where the market can bottom out through next week, once tested the targeted 4676.00 then attainable within 2 - 3 weeks.
Upside Thursday, pushing/opening above 4606.00 signals 4655.25 intraday, the start of a range of targeted midterm resistance up to 4676.00 able to contain buying through August activity.
S&P500: Small pullback will provide the new buy entry.S&P500 reached the top of the four month Channel Up, remaining on heavily overbought technical indicators on the 1D timeframe (RSI = 75.225, MACD = 61.680, ADX = 45.310). As the 1D RSI is close to hitting the HH trendline that goes as back as November 2022, we expect a pullback, at least on the short term inside the Channel Up, first to drop the overbought indicators back to a balanced stated and secondly to form a HL on the Channel Up.
We are opening a sell on closing, aiming at a -2.60% (TP = 4,460) pull back which was the decline of the last correction. That will be a low risk buy opportunity (as long as the 1D MA50 holds) to target R1 (TP = 4,640).
If the candle closes under the 1D MA50 and S1, we will short and target the 1D MA200 on S3 (TP = 4,165), a potential correction that will neutralize finally the overbought 1D RSI.
Prior idea:
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Q2 Earnings Releases Gain Momentum - Day 3S&P 500 INDEX MODEL TRADING PLANS for WED. 07/19
This week's earnings should shed some light on how the markets are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks.
Early earnings so far indicate strong earnings momentum. If the earnings continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4500-4505 is now a key area of support, and 4605-4610 is the upside target - and, next area of resistance - which could be tested in the near future if earnings momentum continues.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4561, 4556, 4538, or 4532 with an 8-point trailing stop, and going short on a break below 4554, 4536, or 4529 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4559. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:31am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
S&P 500 Analysis for 7/19/23For Wednesday, 4600.50 can contain session strength (assuming an open below), 4557.50 likely contain initial selling, below which 4493.75 is attainable intraday and able to contain session weakness.
Closing below 4493.75 indicates 4446.00 within several days, where the market can bottom out through next week, once tested the targeted 4672.50 formation than attainable within 2 - 3 weeks.
Upside Wednesday, pushing/opening above 4600.50 signals 4655.25 intraday, the start of a range of targeted midterm resistance up to 4672.50 able to contain buying through August activity.
Earnings Under Microscope - Day 2S&P 500 INDEX MODEL TRADING PLANS for TUE. 07/18
This week's earnings should shed some light on how earnings are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks.
Early earnings yesterday and today indicate strong earnings momentum. If the earnings continue to appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched. But, If the earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top.
The previously stated level of 4500-4505 is now a key area of support to watch.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4548, 4530, 4513, or 4502 with an 8-point trailing stop, and going short on a break below 4545, 4539, 4526, 4510, or 4499 with a 9-point trailing stop.
Models indicate no explicit exits for the day. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 01:16pm EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
S&P 500, 7/18/23For Tuesday, 4552.75 can contain session weakness (assuming an open above), 4595.25 in reach and able to contain weekly buying pressures, and essentially the start of a wide zone of targeted midterm resistance up to 4655.25 able to contain buying through August activity.
Downside Tuesday, breaking/opening below 4552.75 allows 4531.00 intraday, while closing below 4552.75 will keep 4493.75 in reach over the next several days, able to contain selling through the balance of the week, and a meaningful downside pivot point over the same time horizon.
S&P500 Last push before a 10 day correctionS&P500 / US500 is trading inside multiple Channel Up patterns, the shortest of them started on June 08.
Based on the first bullish wave of this pattern, the current leg is on the last spike before a correction.
You may buy now and target 4560, before the next short term buy opportunity emerges again in around 10 days on the 4hour MA100.
Follow us, like the idea and leave a comment below!!
Q2 Earnings to Come Under MicroscopeS&P 500 INDEX MODEL TRADING PLANS for MON. 07/17
The big banks have kickstarted the earnings season last Friday with JP Morgan and Wells Fargo, and are going to gain steam this week with other big names in Finance and Tech. This week should shed some light on how earnings are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next few weeks.
If early earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top; but, if the earnings appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched.
The previously stated level of 4500-4505 is now a key area to watch for both as a support and as a resistance level.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4526, 4520, 4513, or 4502 with an 8-point trailing stop, and going short on a break below 4510, 4499, or 4490 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4523 or 4517, and short exits on a break above 4493. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:31am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
S&P 500 Analysis for: 7/17/23The 4589.75 formation can contain weekly buying pressures, possibly through July trade, once tested 4438.00 attainable over the following 3 - 5 weeks, where the market can bottom out on a monthly basis.
A daily settlement below 4262.25 signals 4187.75 within several weeks, long-term support able to contain selling through the balance of the year and above which the 4808.25, January 2022 high is likely over that time horizon.
Upside, a daily settlement above 4589.75 signals 4655.25 within 1 - 2 weeks, able to contain buying through August activity and the area to settle above for then yielding the targeted 4808.25 within 3 - 5 more weeks.
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For Monday, 4547.75 can contain session strength (assuming an open below), 4493.75 attainable intraday and able to contain selling into later week, once tested the 4589.75 formation in reach within 1 - 2 weeks.
Closing below 4493.75 indicates a good weekly high, 4419.75 then expected within 3 - 5 days, the start of a wide yet narrowing zone of meaningful support down to 4343.25 able to absorb selling through August activity, and above which the 4655.25, 2 - 3 month objective is likely to be realized over the next 3 - 5 weeks.
Upside Monday, pushing (especially opening) above 4547.50 allows 4589.75 intraday, able to contain buying through next week, and essentially the start of a wide zone of targeted midterm resistance up to 4655.25 able to contain buying through August activity.
Earnings Kickoff In EarnestS&P 500 INDEX MODEL TRADING PLANS for FRI. 07/14
The big banks have kickstarted the earnings season with JP Morgan and Wells Fargo numbers coming in strong. Next week will give more insights into how earnings are shaping up in the wake of the sticky inflation. With a quarter-point rate increase almost a given, the July FOMC meeting may be a non-event, and earnings could be the driving force for the next couple of weeks.
If early earnings show any unexpected weakness ("unexpected" is the key word there), then we might have seen an interim top; but, if the earnings appear to be on track or with a bias to the upside surprises then the next bull leg could get well entrenched.
The previously stated level of 4500-4505 is now a key area to watch for both as a support and a resistance level.
Positional Trading Models: Our positional models indicate staying out of the markets until otherwise stated.
By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an index-tracking instrument that trades beyond the regular session, with the trailing stops - if any - being active in the overnight session.
Aggressive/Intraday Models: Our aggressive, intraday models indicate the trading plans below for today.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4532, 4518, or 4502 with an 8-point trailing stop, and going short on a break below 4515, 4499, 4490, or 4480 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4528, and short exits on a break above 4493 or 4482. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings
SP500 Black Swan Event Incoming!Following on from our alternative account which has now become our primary count we have cleaned up the chart and think we are very close to the top of this B wave, as retail traders and the media are turning bullish on the stock markets we think it's a matter of time before the rug is swept out from under the bulls feet and we come crashing down to our target of 3200. A 1300 point move from current prices! What could spark such a sharp move? China invading Taiwan? Inflation staying stickier than analysts expect? Moving into a negative growth environment? There are plenty of things that could spark this move, what it will be is anyones guess. All we know is if our analysis is correct this move will be very sharp and catch a lot of people off guard.
S&P 500, 7/14/23For Friday, 4542.75 can contain session weakness (assuming an open above), above which 4584.50 is likely and able to contain buying through next week, once tested 4411.00 attainable within 2 - 3 weeks.
On the other hand, closing today above 4584.50 indicates a test of next week of the targeted 4639.75 formation, where the market can top out into Q4 and a meaningful upside continuation of the same time horizon.
Downside Friday, breaking/opening below 4542.75 allows 4492.00 intraday, also able to contain session weakness and the level to settle below for pivoting the market south into next week, 4411.00 then considered 3 - 5 day target likely contain weekly selling pressures when tested.