Ideal Bull setup? We will see 👀We are at a point were speculation can take over reality and I am hesitant in picking a direction specially when we have PPI coming out tomorrow.
Still today I was expecting for ES to take out its highs at $4498 which it did, but I was also looking for a stronger rejection that the retest we got. This is due to the Dollar weakness.
Tomorrow Thursday is hands off till after news.
What can happen?
Price can stablish a new high and continue higher towards it target at $4586 not sure if we have the juice for that but it is best to be prepared.
It all depends on what is taken out first.
Yes.
If the lows at $4500-4496 are our first target the we can expect if we see a bounce a new High and a good attempt for those really juicy highs at $4586
Please keep in mind the dollar index it should be your guide.
What I would like to see?
I would like to see energetic stregth to the upside if not we are bound to retest lows sooner rather than later.
Es1
Nasdaq Index (US100): More Growth is Ahead
NASDAQ Index broke and closed above a neckline of a cup and handle pattern
on a daily, following the yesterday's CPI report.
Taking into consideration, that the index is trading in a strong bullish trend,
that violation will most likely trigger a strong bullish wave.
I will expect growth to 15600.
For entries, consider an occasional retest of a broken neckline.
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PPI Good News on Inflation Bad News on Recession?S&P 500 INDEX MODEL TRADING PLANS for THU. 07/13
The softer than expected PPI on the top of yesterday's softer inflation numbers are likely going to stoke the "Half Full, Half Empty" debate to a higher pitch. The die-hard bulls would like to see it as an indication of the coveted "soft landing", while the die-hard bears would like to cast this as an indication of potential recession ahead.
The next question that needs to be answered to resolve this debate in one way or another: is the softening inflation going to impact earnings numbers? We will start getting a glimpse into this starting from tomorrow. 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 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 4507, 4491, 4467, or 4454 with a 8-point trailing stop, and going short on a break below 4497, 4486, 4478, or 4448 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4463, 4483, or 4504, and short exits on a break above 4483 or 4500. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:41am 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, #ppi
S&P 500, 7/13/23For Thursday, 4537.75 can contain session strength, 4469.00 in reach and able to contain session weakness.
Closing below 4469.00 signals 4391.00 within several days, the start of a wide yet narrowing zone of meaningful support down to 4332.50 able to contain selling through August activity, and above which 4639.75 is expected over that time horizon.
Upside Thursday, pushing/opening above 4537.75 allows 4579.00, where the market can top out through next week and the point to settle above for yielding the targeted 4639.75 over the same time horizon, able to contain buying through August trade.
S&P500: Targeting 4,570 but may take a while.S&P500 made a new yearly High today after the U.S. CPI report and solidified the 1D bullish technicals (RSI = 66.131, MACD = 48.400, ADX = 25.681). The MACD indicator if it makes a bearish cross, it will form a similar pattern to the start of May where it turned the index into a 2 week consolidation before making a new High.
We will wait for a pullback near the 1D MA100 before buying or will make a breakout buy if the price crosses over the R1. In either occassion, we will target near the top of the four month Channel Up (TP = 4,570).
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ES1 AnalysisES1! 6WK: Update from April 14, 2023:
Long term target: 4634.50
Please refer to study posted on April 14, 2023 and updates as listed from June 16, 2023. Key level of 4500 breached, warranting new targets for continuation.
Bias: Neutral to risk on into EOY for Q3 and Q4
Price at time of publish: 4517.00
Inflation Tame. Next Question - Earnings Soft?S&P 500 INDEX MODEL TRADING PLANS for WED. 07/12
Markets are happy with the soft inflation numbers. The next question on the minds of investors - is it going to impact earnings numbers? 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. We will begin to get a sense of it starting Friday and then into early next week.
The previously stated level of 4400-4410 continues to be in play as critical support. 4500-4505 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 4502, 4473, 4460, or 4431 with a 9-point trailing stop, and going short on a break below 4498, 4487, 4469, 4457, or 4427 with a 9-point trailing stop.
Models indicate no explicit long exits, and short exits on a break above 4491. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01am 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, 7/12/23The 4562.75 formation can contain weekly buying pressures, possibly through July trade, once tested 4316.25 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 4562.75 signals 4639.75 within 1 - 2 weeks, able to contain buying into August activity and the area to settle above for then yielding the targeted 4808.25 within 3 - 5 more weeks.
Waiting on Inflation and Earnings Numbers - Day 2S&P 500 INDEX MODEL TRADING PLANS for TUE. 07/11
Markets are waiting to see and digest the inflation numbers and then the kick-off of earnings season. 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. Until this clarity emerges, expect volatility and choppy markets ahead.
The previously stated level of 4400-4410 continues to be in play as critical support.
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 4441, 4423, 4417, 4400, or 4375 with a 9-point trailing stop, and going short on a break below 4438, 4415, 4390, or 4372 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4420 or 4397, and short exits on a break above 4392. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:16am EST or later.
S&P500 Short and medium term sell potentialS&P500 (SPX) made a yearly High last week and a Higher High on the Channel Up pattern that started on the October 13 2022 market bottom and guided the market out of the 2022 Bear Cycle. This Higher High opens up two sell possibilities one on the short and one on the medium term.
The short term indicates that a Megaphone pattern similar to April 04 - May 04 is emerging that targets the 1D MA50 (blue trend-line) as part of its Lower Low. That would also test the Internal Higher Lows trend-line, so it makes sense to short and target 4320. This is where we will attempt a medium-term buy targeting 4640 (March 29 2022 High) but will only hold it as long as candles keep closing above the 1D MA50.
If even one 1D candle closes below, it will activate the medium-term sell possibility and we will sell targeting the 0.5 Fibonacci retracement level towards the 1D MA200 (orange trend-line) as well at 4150, similar to December 22 2022.
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S&P 500, 7/11/23For Tuesday, 4373.25 can contain selling through next week, and once tested the 4568.25 formation attainable again within 3 - 5 weeks, able to contain weekly buying pressures and the point to settle above for yielding the more meaningful 4639.75 within 3 - 5 more days, able to contain buying through August activity.
Downside Tuesday, a settlement below 4373.25 indicates 4321.75 within several days, where the market can bottom out through July, once tested the 4568.25 formation attainable within 3 - 5 weeks.
A daily settlement below 4321.75 signals 4171.50 long-term support within several weeks.
Preparing for the Earnings Season Kick Off Later this WeekS&P 500 INDEX MODEL TRADING PLANS for MON. 07/10
Markets seem to be searching for a direction, getting ready for the earnings season to kick off later this week. 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. Until this clarity emerges, expect volatility and choppy markets ahead.
The previously stated resistance level of 4400-4410 continues to be in play as critical for the next directional leg.
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 4432, 4417, or 4402 with a 9-point trailing stop, and going short on a break below 4409, 4397, or 4385 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4428 or 4414, and short exits on a break above 4388 or 4411. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 02:01pm 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&P500 Will attempt to find Support near the 1day MA50S&P500 is so far on a flat 1day candle after a series of 3 red.
That keeps the price inside a Channel Up since March 13th and of course inside the longer term Channel Up since the October 13th market bottom.
The index should seek support on the 1day MA50 as it has done since March 30th, so that's a short term sell opportunity to 4330.
Consequently that will be the new Higher Low (bottom) on the Rising Support of the narrow Channel Up, hence a buy opportunity targeting Resistance A at 4500.
If the 1day candle gets closed under the 1day MA50 though, sell and target the bottom of the wide Channel Up and the 1day MA200 at 4150.
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S&P500 has activated a short term, at least, sell sequence.S&P500 has a 3 day bearish streak. Both medium and long term patterns are Channel Ups.
The medium term has the MA50 (1d) as the Rising Support and the long term the MA200 (1d).
At the moment, it seems that a Megaphone consolidation such as April-May is in order.
Trading Plan:
1. Sell on the current market price.
2. Buy at 4310 (bottom of the medium term Channel Up).
3. Sell if a (1d) candle closes under the MA50 (1d).
4. Buy at 4130 (bottom of the long term Channel Up).
Targets:
1. 4310 (bottom of the medium term Channel Up).
2. 4640 (Resistance 2).
3. 4130 (bottom of the long term Channel Up).
4. 4640 (Resistance 2).
Tips:
1. The RSI (1d) is exactly at the bottom of its Channel Up. A break under it, is a sell confirmation.
2. There have been two -9% corrections since December 2022. A new one would push the price straight to the MA200 (1d) which is intact since March 24th.
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Notes:
Past trading plan:
S&P 500, 7/10/23The 4562.75 formation can contain weekly buying pressures, possibly through July trade, once tested 4316.25 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 4562.75 signals 4639.75 within 1 - 2 weeks, able to contain buying into 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, 4376.50 represents a narrowing zone of support down to 4372.75 able to contain selling through next week, and once tested the 4562.75 formation attainable again within 3 - 5 weeks, able to contain weekly buying pressures and the point to settle above for yielding the more meaningful 4639.75 within 3 - 5 days, able to contain buying through August activity.
Downside Monday, a settlement below 4372.75 indicates 4316.25 within several days, where the market can bottom out through July, once tested the 4562.75 formation attainable within 3 - 5 weeks.
A daily settlement below 4316.25 signals 4171.50 long-term support within several weeks.