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Es_f

ES needs one more push, adding to my short position todayIm finally back home and rested. Hope everyone read my Sunday am update about holding the futs 3580ES open for a move higher, which we did. Question is will it take out Fri highs or it will make a lower high here. Watch this triangle to break, it will be a waterfall when it does. ES target is 3711 and ideal stretch to 3730 (must be rejected) I see some very out of the money put prints on SPY, like really deep down all the way to 170 level! Mostly 337, 339 and 285 and 345, lots in the middle as well. I expect this to start moving if not tomorrow, then on Wednesday. With the moon calendar it will get into a potential (key word here) crash starting the 20-21st. Watch the move down, ideally lasting into 24th low, then bounce and lower into early Nov.
CME_MINI:ES1!
by RealTima
11
#ES_F Fortune favors the bold long ideaA very volatile week as expected with CPI 8.2% print causing whipsaw action - melt down, squeeze up, sell off ... so now what ? Well with : - The short trade being over crowded by retail - Institutional inflows - The recent down leg and currently being "in the hole" - Technical support -Mean reversion to 100WMA (blue line) -Record number of long puts -CPI behind us and pretty in line with expectations (didn't drastically increase) I'd say aside from a complete crash - which I just don't see happening IMO - THE PAIN TRADE IS UP ... and think in the next two weeks we see a move to 4100 and am positioned Contrarian as it may seem, listen I'm not saying we don't go lower ... eventually... I'm just saying sellers are getting exhausted and don't think we go much lower in this hole ...i.e. Risk vs. Return favors the LONG And Fortune favors the bold ;) Cheers - Frisco
CME_MINI:ES1!Long
by FriscoTrades
2
10/09/22 ES Weekly SummaryWith the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the linked idea). I believe the downward pressure was influenced by news about “Nuclear Armageddon with Russia'' headlines that seem to be nothing more than a headline and price motivator. That being said - until we break the low of 3571.75, it would seem this selloff is now validating a much stronger bullish bounce (post coming soon about how I interpret price validation). I would not be surprised if the bottom starts to establish here. I would need to see daily closes outside the wedge to get aggressive about buying. For now I'm targeting shorts only and keeping my powder dry.
CME_MINI:ES1!
by GrayTrader01
ES bounced off the bear trendline we broke out on the 27th JulPerfect bounce off the support trendline Wont rule out it holds, but ideally we dip down a bit lower, next support is at 3668ES - I reduced my short position last night expecting 3765-70 hit, we got that! - Was able to reshort but smaller size at that level, happy with the result. - Next is to hold today and go up into next week! (it might still make a red close, but Im looking up for the next week) Mind your sizing on the long side! Have a great Friday! Dont forget to press that rocket sign below the post.
CME_MINI:ES1!
by RealTima
5
Monday Rally - ES miniI think we rally today even if there's a pullback first in the morning. The larger structure has held overnight and the doom and gloom rumors of the weekend will probably shake off quickly. 3770 should be a good target - high enough to convince bears to cover shorts and high enough to give bulls some confidence to go long. After that I'm not sure, so I have two paths I'm watching. If they can break 3800, a test of 4k is possible (green path) If not, a lower low again at the structural trendline is possible (yellow path). Good luck!
CME_MINI:ES1!Long
by the_sunship
ES looking for a good size rally as longES looking for a good size rally as long 3600-11 holds We got expected gap up, now needs above the triangle. There could be another move lower into 3611-18 zone (ideally it was it after the open), should push to 3700+ from here into tomorrow. So far it hit 61.8 retracement from Sep 30th high, gotta be careful with sizing. Its not out of the woods yet, it will still print lower levels, but the price needs some reset now Have a great day everyone!
CME_MINI:ES1!
by RealTima
7
ES progress chartI slept in today and this is what I was worried about from my last night NQ update, the EOM sell: There is a chance we see 3580 level today and if it closes below 3600 I think we gap down and see another 100 points cut tomorrow am! Be really careful with sizing on the long side till tomorrow's lows. I will be all out from my swing MNQ short tomorrow and will be looking for a long if we see 3500 or below tomorrow. Since its usually doesnt bottom on Fridays, next week bounce should be muted imo but a drift upwards to the 6-7th high would make a perfect sense. Also watch out OCT EOM can be a good repeat of what we see now
CME_MINI:ES1!
by RealTima
4