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S&P 500 E-Mini Futures

S&P 500, 5/18/23For Thursday, 4192.25 can contain session strength, once tested 4116.50 in reach within several days, able to contain session weakness.   A daily settlement below 4116.50 signals 4033.75 - 4036.50 midterm support by the end of next week, able to contain selling through June activity.   Holding above 4036.50 will keep 4236.00 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4033.75 indicates 3967.75 within 1 - 2 weeks, possibly 3847.25 by the end of June.   Upside Thursday, closing above 4192.25 indicates the targeted 4219.25 - 4236.00 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
CME_MINI:ES1!
by SpecialeAnalysis
Averting Disaster, 18 May 2023🖼 Daily Technical Picture 📈 ➤ S&P500 moved higher to the top of the range. It has been consolidating since 18th April. Wyckoff enthusiasts will note that we may be approaching the latter stages (Phase C). If I were to use a plane analogy, the plane is taxiing towards the runway ready for lift-off. The issue is that we aren't told if we are heading North or South. ➤ Consolidations are tricky to trade, especially if it is narrow (distance between top and bottom of the range. We got caught out at the start of this range with a -1.5% losing trade (early May) and we've been "lucky" to have averted further loss (so far). Yesterday, a Short trade almost materialised. If that had triggered, we would be sitting on a -2.5% (unrealised) loss. ➤ Furthermore, we would have been chopped to pieces if other trades were triggered earlier in this consolidation phase. In that sense, Non-Trades are just as important as actual Trades. Although Non-trades will not make you a profit, it does prevent you from making a loss. ➤ I highlight all this because I take managing risks very seriously. My nickname is the Professional Loss Maker. I am an expert at handling losses. Afterall, you don't want Amateurs to be handling explosives. 💣 ➤ Conclusion: 🐆 MrStocky the Non-Trader. EQUITY TREND: ⦿ Short-term (weeks) - NEUTRAL ⦿ Medium-term (< 6 months) - UP ⦿ Long-term (>6 months) - DOWN
AMEX:SPY
by mrstockyetoro
1
Trends retain a short term bearish sentiment; long term unclearSo we got a 30m lower high uptrend this morning after getting the higher low 30m yesterday. I went Long at the close of yesterday looking to get back up, and it did overnight but ultimately came back and profit stopped me for only $200 before heading up the rest of the way. With the lower high 30m at 4136 I've gone Short this morning at 4139. I was up fairly early this morning to manage by 6E trade and make sure that the CPI data for the EuroZone didn't ruin my current profit gains on that contract. Overall, I can say it has been uneventful for the most part this morning. Trends into today; Last Macro Trend Signal Spots 30m - 4136 Uptrend (5/17/2023) Lower High 1Hr - 4124 Downtrend (5/11/2023) Lower Low 2Hr - 4116 Downtrend (5/12/2023) Lower Low 3Hr - 4116 Downtrend (5/12/2023) Lower Low 4Hr - 4124 Uptrend (5/10/2023) Higher High 6Hr - 4124 Downtrend (5/2/2023) Higher Low 12Hr - 4083 Downtrend (5/4/2023) Higher Low Daily - 4168 Uptrend (4/13/2023) Higher High Weekly - 4366 Downtrend (2/14/2022) Higher Low The Long Position; I'll be looking for a down movement to a 4hr downtrend and evaluate how that movement comes in. If it loses steam and is a higher low, I may reverse my direction into a long position. The Short Position; I'm in it. The 30m hit at 4136, so I got in slightly above that, but I'm looking for at least one movement down to 4120s and want to hold until we get a 30m / 4hr downtrend. Economic Data; Nothing major I saw today. Earnings; Target lowered Q2 earnings. Most companies are talking about expectations that Q2 is going to hurt profits. TJX though raised estimates, so that isn't across the board. My sentiment into today is; Shorter Term - Bearish Short Term - Bearish/Neutral Medium Term - Neutral/Slight Bearish Long Term - Neutral/Slight Bullish Safe trading and remember your risk management plan.
CME_MINI:ES1!Short
by SemperTrader
1
Markets Celebrating the Obvious?!S&P 500 INDEX MODEL TRADING PLANS for WED. 05/17 Our stance last couple of weeks has been: "Our models are indicating an initial bias towards an inflection point coming soon. Barring any unexpected bullish development showing up on the horizon, chances are that this could be unwinding to the downside". Looks like Biden and McCarthy potentially coming close to some kind of agreement on debt ceiling and avoid a potential U.S. default is being masqueraded as that "unexpected bullish development" (which almost everyone expected anyway). Whether this move is going to be the start of the next leg up or to be a classic pump-and-dump remains to be seen. Positional Trading Models: Our positional models are flashing a potential bull trap ahead if this morning's move up proves unsustainable. Models indicate going short at the close if today's close is to be below 4147 (activated at 3:59pm). If opened a short, models indicate instituting a hard stop at 4187. By definition, positional trading models may carry the positions overnight and over multiple days, and hence assume trading an 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 WED. 05/17: For today, our aggressive intraday models indicate going long on a break above 4165, 4153, 4132, 4102, or 4091 with a 9-point trailing stop, and going short on a break below 4158, 4147, 4129, 4099, or 4088 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4109, and explicit short exits on a break above 4116. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 01:31pm ET 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, #fomc, #fed, #fedspeak, #regionalbanks, #debtceiling
SP:SPX
by TradersAIDotCom
S&P500 The Cup pattern that nobody notices!We have been so focused on the short-term Channel Up on the S&P500 (SPX) since March (see idea below) that we didn't publish any analysis on the longer term dynamics: This analysis offers critical insight on where we are with regards to the long-term/ Cyclical trend. One parameter that stands out is that the S&P500 index has failed on two occasions to break the 1W MA50 (red trend-line) since August 26 2022. It just so happens now that the 1W MA100 is exactly on Resistance 1 (February 02 High). A break above it is a buy break-out signal targeting Resistance 2 (4330). However, it is equally probable to see a medium-term pull-back since, as you see on the chart, the curved Support Zone (dotted) that is connecting all the Lower Lows since December 2021 and provided all counter-trend rallies so far goes through th 1D MA200 (orange trend-line). A bounce there (could be within 3980 - 4000), confirms the pattern and would make the Channel's new Higher Low. If it breaks though, expect the 3810 Support 1 to be tested. Notice also that the RSI on the 1W time-frame is approaching its own Higher Lows Zone, which has been a Buy Zone for exactly 1 year! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
SP:SPXLong
by TradingShot
7
A Nose Hair Away, 17 May 2023🖼 Daily Technical Picture 📈 ➤ S&P500 showed further signs of weakness. Can you guess which stocks prevented the true weakness from showing? We were a nose hair away from triggering a Short trade. In fact I had the order page ready on all my trading platforms. Perhaps we need to wait another day. ➤ To be truthful, I'm glad we haven't been in any trades these past week or so. If a trade(s) had triggered, we would have been chopped to pieces. This may be due to pure luck on our part but I'd like to think that my Strategy didn't trigger those trades to avoid this potential. ➤ It's a totally different story when it comes to individual stock trading. Here trade potential is vast. This is one of the benefits over index trading. Even with my short-list of just 33 stocks divided by the main sectors of the S&P500, I have found plenty of trades. ➤ Conclusion: 🐆 I can smell a Trade coming.
AMEX:SPY
by mrstockyetoro
S&P 500, 5/17/23For Wednesday, 4193.25 can contain session strength, once tested 4111.00 in reach within several days, able to contain session weakness.   A daily settlement below 4111.00 signals 4033.75 - 4038.50 midterm support by the end of next week, able to contain selling through June activity.   Holding above 4038.50 will keep 4236.00 long-term resistance in reach over the next 2 - 3 weeks, while closing below 4033.75 indicates 3964.50 within 1 - 2 weeks, possibly 3847.25 by the end of June.   Upside Wednesday, closing above 4193.25 indicates the targeted 4221.00 - 4236.00 within several days, able to contain buying through Q3, and a significant upside continuation point into later year.
CME_MINI:ES1!
by SpecialeAnalysis
Trends lost some bearish sentiment; Somewhat neutral againSo we ended up with the 30m higher high by 2 points when it came in. That let's the 30m call for correction, the 1hr-3hr calling for a movement down, the 4hr fairly neutral, and the 6hr/12hr calling for movement up. All in all I feel like there is less direction into today than yesterday. I sat out yesterday and may likely sit out again today. Trends into today; Last Macro Trend Signal Spots 30m - 4148 Uptrend (5/16/2023) Higher High 1Hr - 4124 Downtrend (5/11/2023) Lower Low 2Hr - 4116 Downtrend (5/12/2023) Lower Low 3Hr - 4116 Downtrend (5/12/2023) Lower Low 4Hr - 4124 Uptrend (5/10/2023) Higher High 6Hr - 4124 Downtrend (5/2/2023) Higher Low 12Hr - 4083 Downtrend (5/4/2023) Higher Low Daily - 4168 Uptrend (4/13/2023) Higher High Weekly - 4366 Downtrend (2/14/2022) Higher Low The Long Position; I will wait and see where the 30m trend comes in. If it comes in as a higher low (above 4128) I may go Long there if it appears to be losing momentum. Otherwise I might look to go long if we pass 4150 with determination, as the 30m is calling for upward movement and the 1hr may not be far away and would still come in as a lower high. The Short Position; If we get a 1hr uptrend that is a lower high I may go short at that point if momentum begins to run out. Additionally, if we break down past the 6hr trendline (4136) I may go short and see if I can run it down to at least 4116 and then set a profit stop and see if it will run down further. Economic Data; Retail Sales numbers are in. Basically it seems retail sales popped a tiny bit in April, but less than expected, and year over year we are lower. Earnings; Home Depot had a disappointing Earnings report based on artcles I read on the matter, and that appears to be bleeding over into Lowe's at the moment. It could bleed into other areas of retail as well, such as Walmart, who report later this week. All in all my sentiment is; Shorter Term - Neutral Short Term - Neutral Medium Term - Neutral/Bearish Long Term - Neutral/Bullish Safe trading, and remember your risk management plan.
CME_MINI:ES1!
by SemperTrader
ES1! Massive Short! SELL! My dear followers , I analysed this chart on ES1!, and concluded the following: The asset is approaching an important pivot point 4134.00 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 4100.50 My Stop Loss - 4152.50 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
CME_MINI:ES1!Short
by AnabelSignals
10