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Es_f

#ES_F 2.09 Overview and Levels to watchGlobex Inventory is long and we are on the move out of Value. Where are we taking this today? On the downside we have 4536.75-4532.50 as PM support which of broken that's our first sign of weakness and below is KEY Intraday support at 4524.25-4519 which needs to be broken in order to see lower levels which are 4508.75-4505.50, 4497.25-4487.25 and 4479.75-4475. On the Upside holding above PM support is continuation of strength and can see 4570-4562.50 and 4589.50-4584.75 which would be our Key Resistance areas for today for more upside. If we build Value over 4570 and take out 4589.50 can see 4603.25-4598.75, 4623.25-4614.50 and maybe 4636.50-4632.25.
CME_MINI:ES1!
by HollowMn
#ES_F 2.08.22 Overview and levels to watchSnooze fest in Globex but that was expected. Are we getting a move today or are we staying in value again. Today we have 4490.25-4487.25 as our PM resistance and 4479.75-4475 as our PM support. Holding below the support is our first sign of weakness and we have 4465.25-4460.25 as our KEY intraday support and if broken we can see 4447.25-4445, 4437.75-4432.50 and maybe 4424.50-4418.75 But we should see buyers along the way at those levels unless we are going down on big volume. On the upside if we get over and hold above PM support then we can see a test of PM resistance and 4494.75-4490, 4508.75-4505.50, 4524.25-4519 and maybe 4536.75-4532.50. I am keeping my expectations low and slow today so lets see what the order flow will bring.
CME_MINI:ES1!
by HollowMn
#ES_F 2.07.22 Overview and Levels to WatchQuite Globex after some big moves last few weeks. Today we might have a balanced day on our hands but lets breakdown our possible scenarios. On the upside we have 4508.75-4505.50 as our PM resistance and 4524.25-4519 as our Key Resistance, if we manage to break over and hold then we can see 4536.75-4532.50, 4551.25-4548.75 We expect to see sellers at those areas unless we are going up on big volume and break through them clean and 4570-4562.50 as the next bigger resistance area where sellers should also be active. On the downside we have 4479.75-4475 as our PM support and holding below it are first signs of weakness and can take us to test lower areas at 4465.25-4460.25, 4447.25-4445 and maybe 4437.75-4432.50 which is our Key Intraday support, if broken and we can get under 4424.50-4418.75 then could see more downside. Manage expectations and trading level to level will win the day.
CME_MINI:ES1!
by HollowMn
#ES_F 2.04.22 Overview and levels to watch.Globex inventory is short, we have NFP coming up at 830am and where can we go today? Well all the buying that we had from Jan 28th low was short coverings and bigger players selling their position. We failed to extend into previous daily range for now and now have a few options where we can head. On the downside we have 4465.25-4460.25 as our PM support which is broken will be our first sign of weakness, below we have 4447.25-4445, 4437.75-4432.50 and our KEY Intraday support at 4424.50-4418.75, we should see buyers on the first tests of those areas unless we are going down on big volume and if we are then we have 4405.25-4403, 4392.25-4389.75 and 4378.50-4374.75 as our lower levels. On the upside we have 4490-4487.25 as PM resistance we would need to break and hold above to see tests of 4508.75-4505.50 and our Key Intraday resistance at 4524.25-4519 which we need to break above and hold if we want to see the upside to 4536.75-4532.50, 4551.25-4548.75 and 4570 area. Its Friday on a low volume beginning of the month week with big ranges so anything can happen but manage expectations and don't expect huge moves just trade level to level until we see signs of change.
CME_MINI:ES1!
by HollowMn
$ES_F 2.03.22 Overview and Levels to watchOur globex inventory is 100% short, yesterday end of day move wiped out all the buying we had in RTH and trapped supply over 4550 so what can we expect from it today? Its a lower volume week with sellers above 4590 and buyers below 4520 which is why we are getting this chop order from that takes everyone's money, have to be patient to trade this. On the down side we have 4524.25-4519 as our PM support and holding below it would be our first signs of weakness, we have 4508.75-4505.50 as KEY intraday support if broken can see 4497.25-4494.75, 4490-4487.25 and if enough supply can test 4479.75-4475, all those areas might have responsive buyers when we hit them as we have people short who cover when we come down. On the upside if we continue to hold over PM support we have 4536.75-4532.50 as PM resistance and 4551.25-4548.75 as our KEY resistance that need to be broken if we want to see 4570-4562.50, 4589.50-4584.75 and 4603-4598.75. It might be a small range low volume day so have to manage your expectations.
CME_MINI:ES1!
by HollowMn
!ES_F 2.02.22 Overview and levels to watchSlow grinding globex action leaves us with inventory 100% long today. What can we see today in RTH? On a bigger time frame we flushed down our inventory over 4620 and now we are almost back to the location of the break down on Jan 18. Question is did we really clean up all that trapped supply in such a short time, have no more supply for sale and clear to go up or will we find a seller today at the levels we did before since not everyone sells at the same time. Our levels to watch for the day are 4570-4562.50 as PM support if we break and hold below that is our first signs of weakness under there we have 4551.25-4548.75, 4536.75-4532.50 and our Key intraday support at 4524.25-4519 which if broken then this whole move was just short covering and we can see more downside. On the upside we have 4589.50-4584.75, 4603.25-4598.75 and our Key resistance at 4623.25-4614.50 we do expect sellers there. We have made some big moves last few weeks and the action has slowed down to a grind so it will be tricky to trade and have to manage expectations. If we do break and hold over our key resistance that would be a bullish confirm and we can see higher levels of 4636.50-4632.25 and 4650.50-4646.25 where we do expect to see sellers.
CME_MINI:ES1!
by HollowMn
#ES_F 2.01.22 Overview and levels to watchAfter exciting month end yesterday, what can we see today? Overnight inventory is currently long over the close and over out 4480 level. Today we want to see if we will continue our strength, retest and hold lower levels or find temporary balance? On the down side we have PM support at 4490-4487.25 if we get under and hold, that will be our first sign of weakness. Under we have 4479.75-4475 as our Key support and if broken we can see 4465.25-4460.25, 4447.25-4445, 4437.75-4432.50 and if selling is strong can test 4424.50 area. On the upside, holding above PM support shows strength and can test 4524.25-4519.50 and we can break and hold over that can see 4536.75-4532.50, 4551.25-4548.75 and maybe 4571.75-4563.75 those are the bigger areas to hit on the upside and should see sellers up there. We made some big moves and now waiting to see what this month will bring. Was the buying real or just short covering and we will head lower this month? Lets see what they have for us.
CME_MINI:ES1!
by HollowMn
!ES_F 1.31 Overview and levelsOvernight inventory was long and balanced between 4400-4437. Took us all night to be able to get under 4400 which means we have a lot of buyers down there. Today what we want to see if we will continue our strength from Friday and keep going up. Will we test the breakout area at 4480 or will we balance after choppy and volatile week last week. We have 4432-4437 as our Key intraday resistance which if broken can lead us to 4465.25-4460.25, 4475-4479.75 on the upside. On the down side we have PM support around 4405-4400 and if we break and hold under we can see a test of 4392.25-4389.75 and if enough inventory can test 4378.50-4374.75 which is our Key support on the downside, if we break it then the move on Friday was just short covering and we can come back down areas to watch for if we do are 4362-4359, 4350-4345 and 4327-4321. It might be a back and forth day between the Key support and resistance without any big moves. Wait for order flow and inventory to show the way.
CME_MINI:ES1!
by HollowMn
E-mini Defined Range Until Proven OtherwiseAs we spoke about last week, ES_F between 4273 and 4330 is our defined range until it isn't. There will be noise in-between, but until we get a daily close below or above those two areas it should be a very healthy area to long/short and make a lot of money with an elevated VIX. We think we go revisit last weeks lows early in the week, only to bounce again. Once we breakout of 4330 and hold above on a daily close we should head back to 4700.
CME_MINI:ES1!
by AlphaTradersInc
$ES Bear Flag or Accumulation - to be continuedInteresting time in the market - people calling a crash, people calling a melt up then crash etc. Why try and predict ? As a trader your job is to react - level by level , price by price. Let price action determine next outcome. Nice "Bear Flag" or "Accumulation pattern" ; you can trade the box or wait for a breakout higher / lower . If you watched today you saw the fighting going on at SPY 430 , that's because these are important levels for the bulls. Similarly saw hard rejection at 441 zone , as these are important levels for the Bears. React to what the price gives you and trade it. Quit trying to predict the direction solely on what Twitter or someone is saying. Easy way to burn your account. Level by Level follow price action and react ! Good Luck !
CME_MINI:ES1!
by FriscoTrades
3
S&P 500 - How Deep Will This Correction Go?Since the Covid crash, the Stock Market has been on an unstoppable steep upwards trajectory. This carried out through 2020 and the whole 2021. I've never seen the Stock Market climb this high and this short amount of time. With the current state of the economy with rising inflation, food & supply shortages, spending cuts and coming interest rate hikes... I do not believe that we can continue at this pace in 2022 without a deeper correction. We drank the juice and got caught up in the overly bullish mentality. We have to remember the laws of Supply and Demand. Markets never go up at this steep without a steep correction at some point. I'm seeing the 3,500 - 3,800 range (38-50%) as a likely area that this correction may fall to. I could see it falling as low as 3,200 - 3,500 (50-68%) as well. It may fall straight down into these areas or it make take place over the next couple of months but these are the areas I'm watching. I'd be weary of being overly aggressive with continuing to buy at this time. It is possible that many retail investors/traders will get bull trapped. They may take this market up just a little more and then drive it down further. When there's a lot of uncertainty, it's not a terrible idea to just hold your money and until the market has bottoms out before getting aggressive with buying again. And as of now, it is not clear if this is the bottom yet.
SP:SPX
by TraderFromTheNorth
4
ES_F Range Bound for nowWe look range bound on ES_F between 4606 and 4707. They moved the local POC to 4663 and am looking for that number going into RTH tomorrow. Above 4663 in RTH we could go test 4681 and then off to 4700 area. I will be looking to fade 4700 area. If that fails, will look to 4740 again to hold the line for bears. 4740 is the breakout area that would take the market back to ATH and beyond. We most likely stay range bound, but may get lucky for a 50 point move down if 4663 holds and they break this weekends lows of 4638.
CME_MINI:ES1!
by AlphaTradersInc
ES_F ES1! Where do we go into J-Pow and CPI?ES_F ES1! sitting on major support around the 4750 area and has bounced off twice in the past two days. Expecting a balance day tomorrow and Tuesday into J-Pow testimony and then CPI on Wednesday. Careful traders can waiting until CPI to put a play on as the direction and trend of the next quarter into earnings may be obvious. 4650, 4667, 4680, 4689 above are s/r flips. Orderflow shows a good amount of volume and bids around the 4650 are showing that it may hold into J-Pow and CPI. A push up to 4712 would signal a bull trap for me. Local trend is down until further notice going into CPI numbers Wednesday. Fed who once was supporting the mega rich by keeping market afloat, are now backed into a corner with the very same party of people. The first half of the year could see a 42xx print if things keep going this way.
CME_MINI:ES1!
by AlphaTradersInc